Balderton Capital

Proxima Fusion joins the club of well-funded nuclear contenders with €130M Series A

Climate /

Commercial nuclear fusion power isn’t a reality yet. But venture capital is flowing into startups that promise that clean, safe, and virtually limitless energy is no longer just a distant dream. Most fusion companies that have raised over $100 million are based in the United States. Not Proxima Fusion, a German startup that has just […]

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Convergence AI played with agents ‘for years’ until raising $12M to give them long-term memory

AI /

Marvin Purtorab, CEO of new startup Convergence, and co-founder Andy Toulis (CTO) met while they both worked at Shopify on recommender systems and AI assistants. They both joined Cohere, the AI platform for enterprises, before coming up with their startup idea only a few months ago. “I mean, to be honest, we left [Cohere] because

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Euro VCs welcome Balderton’s fresh $1.3B but grumble about Europe’s AI misses

AI /

Balderton Capital — one of the older, larger, European VCs noted for investing in Revolt and Wayve — has raised a fresh $1.3 billion in total, spread across two funds. Its Early Stage Fund IX will get $615 million, and its Growth Fund II will get $685 million. The news was greeted with cautious optimism by the

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