Syndication and co-investment for institutional venture capital.

Delft-based quantum computing startup QuantWare has secured approximately $176 million (around €152 million) in Series B funding, marking one of the largest private funding rounds for a dedicated quantum processor company. The raise highlights accelerating global investor interest in quantum hardware as the race toward scalable quantum computing intensifies. Founded by Matthijs Rijlaarsdam and Alessandro Bruno, QuantWare specializes in building quantum processing units (QPUs) using its proprietary VIO (Vertical I/O) architecture. This technology enables significantly larger and more powerful quantum processors, overcoming key scaling limitations in current systems. A major focus of the funding is the development of KiloFab, which the company describes as the world’s largest dedicated quantum chip fabrication facility. This new infrastructure is expected to increase production capacity by up to 20x, allowing QuantWare to meet growing global demand for quantum hardware. QuantWare is also advancing its VIO-40K architecture, designed to support quantum processors with up to 10,000 qubits a major leap compared to today’s systems. The company aims to enable future quantum computers with millions of qubits, unlocking breakthroughs in areas such as drug discovery, materials science, and complex optimization. The funding round reportedly includes participation from strategic investors such as Intel Capital and In-Q-Tel (IQT), underscoring strong interest from both commercial and defense-linked investors in quantum technologies. The fresh capital will be used to scale manufacturing, accelerate R&D, and expand global partnerships, positioning QuantWare as a key infrastructure provider in the rapidly evolving quantum ecosystem. As governments and enterprises worldwide invest heavily in quantum computing, QuantWare’s latest round signals a shift toward industrial-scale production of quantum chips, a critical step toward making quantum computing commercially viable.

Vancouver-based cleantech startup Moment Energy has secured $40 million in funding to expand its second-life battery energy storage solutions. The round underscores growing investor interest in sustainable energy infrastructure, particularly technologies that repurpose electric vehicle (EV) batteries for grid and commercial use. The funding round was led by Amazon Climate Pledge Fund, with participation from Voyager Ventures, Version One Ventures, and MCJ Collective, alongside other strategic investors. The backing highlights increasing momentum behind climate-focused venture capital and circular economy solutions. Founded by Edward Chiang and Eric Desaulniers, Moment Energy specializes in repurposing retired EV batteries into energy storage systems for commercial and industrial applications. These systems help store renewable energy, reduce electricity costs, and support grid resilience. The company partners with major automakers, including Mercedes-Benz Energy, to source used EV batteries and give them a second life. This approach not only reduces battery waste but also lowers the cost of energy storage compared to manufacturing new batteries from scratch. The newly raised capital will be used to scale manufacturing capacity, expand deployments across North America, and strengthen partnerships with utilities and energy providers. Moment Energy is also planning to build one of North America’s first gigafactories dedicated to second-life battery systems. As global demand for energy storage surges alongside renewable energy adoption, Moment Energy is positioning itself at the intersection of clean energy, EV infrastructure, and circular economy innovation.

Saudi Arabia-based healthtech startup Madeed has secured $925,000 in pre-seed funding to expand its personalized preventive healthcare platform. The round highlights growing investor interest in digital health solutions focused on early intervention, lifestyle management, and long-term wellness outcomes across the Middle East. The funding round was backed by a group of regional angel investors, although specific names were not publicly disclosed. The investment reflects increasing momentum in Saudi Arabia’s healthcare innovation ecosystem, aligned with broader Vision 2030 initiatives. Founded by Abdulaziz Alrasheed, Madeed is building a platform that delivers personalized health insights, preventive care plans, and continuous monitoring. The company aims to shift healthcare from reactive treatment to proactive prevention, helping individuals manage chronic conditions and improve overall well-being. Madeed leverages data analytics and digital tools to provide tailored recommendations based on user health profiles, lifestyle patterns, and risk factors. This approach aligns with global trends where healthcare systems are increasingly focusing on preventive and personalized care models to reduce long-term costs and improve patient outcomes. The newly raised capital will be used to enhance product capabilities, expand user acquisition, and strengthen partnerships with healthcare providers and insurers across Saudi Arabia. As digital health adoption accelerates in the region, Madeed is positioning itself within a high-growth segment of preventive healthcare and wellness technology, targeting both consumers and institutional partners.

India-based premium innerwear startup MHYTH has secured pre-seed funding to accelerate its brand growth, product innovation, and market expansion. The funding highlights rising investor interest in D2C fashion brands targeting India’s evolving premium apparel segment. The round saw participation from a group of angel investors, although specific names were not publicly disclosed. The backing reflects early confidence in MHYTH’s positioning within the fast-growing innerwear and athleisure category. Founded by Saurabh Jain, MHYTH is focused on building a premium innerwear and essentials brand designed for comfort, functionality, and modern aesthetics. The company aims to differentiate itself through quality materials, ergonomic design, and a strong brand identity targeted at urban consumers. Operating in India’s rapidly expanding D2C ecosystem, MHYTH plans to leverage digital-first distribution channels along with selective offline retail expansion. The brand is tapping into increasing consumer demand for premium, performance-oriented innerwear, driven by rising disposable incomes and changing lifestyle preferences. The newly raised capital will be used to expand product lines, strengthen brand marketing, enhance supply chain capabilities, and scale distribution channels across India. As India’s fashion and lifestyle market continues to premiumize, MHYTH’s funding reflects a broader trend where niche D2C brands are building strong identities and capturing consumer loyalty in specialized segments.

Italy-based traveltech startup Smartness has secured €47 million in Series B funding to accelerate its expansion across European hospitality markets. The round highlights strong investor confidence in digital infrastructure platforms transforming hotel pricing, distribution, and revenue management. The funding round was led by Partech, with participation from existing investors Iris Capital and Indaco Venture Partners, alongside new investor DVR Capital. The mix of returning and new investors reflects continued belief in Smartness’s growth trajectory and market positioning. Founded by Giuseppe Donvito and Davide Dattoli, Smartness offers a Revenue Management System (RMS) that helps hotels optimize pricing, increase occupancy, and maximize profitability through data-driven insights. Its platform leverages automation and analytics to simplify complex pricing decisions for hospitality operators. The company is already working with thousands of hotels across Europe, helping them compete more effectively in a fragmented and highly competitive market. As travel demand rebounds and hotels prioritize digital transformation, Smartness is positioned as a key technology partner for the hospitality sector. The newly raised capital will be used to expand into new European markets, enhance product capabilities, and scale sales and customer success teams. The company is also expected to invest in AI-driven features to further improve pricing optimization and demand forecasting. Smartness’s latest funding round reflects broader momentum in traveltech, where startups are building intelligent infrastructure to modernize operations, increase efficiency, and improve revenue performance across the hospitality industry.

Palo Alto-based AI infrastructure startup Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, has secured $100 million in Series B funding, pushing its valuation to $2 billion. The round highlights surging investor interest in infrastructure powering autonomous AI agents rather than just end-user AI applications. The funding round was led by Sequoia Capital, with participation from existing investors including Kleiner Perkins, Index Ventures, and Khosla Ventures. The company has now raised approximately $230 million in total funding within a short time span, signaling rapid momentum in the AI infrastructure space. Founded in 2025, Parallel Web Systems is building a “parallel web” infrastructure layer designed specifically for AI agents. Unlike traditional search engines built for humans, the platform enables autonomous AI systems to search, retrieve, and process web data efficiently for complex tasks. The company’s APIs allow AI agents to access structured, real-time web data, improving accuracy and reducing hallucinations in AI outputs. This makes the platform particularly useful for enterprise use cases such as legal research, financial analysis, and software development. Parallel already reports strong early traction, with over 100,000 developers using its platform and enterprise customers adopting its infrastructure for AI-driven workflows. The fresh capital will be used to expand R&D, sales, and enterprise adoption, as the company aims to become a foundational layer for the next generation of AI systems. With AI agents expected to become primary users of the web, Parallel is positioning itself at the center of this paradigm shift. As venture capital increasingly shifts toward deep AI infrastructure, Parallel Web Systems’ rapid rise reflects a broader trend: the race is no longer just about AI models but about the systems that power them.