
European and US Startups Raise Millions Across AI, Defence and CleanTech
A wave of funding rounds spanning London, Estonia, Porto and San Francisco highlighted investor appetite for AI automation, defence tech, capital markets infrastructure and water technology.
AfroEuropa Newsroom
AfroEuropa desk
A series of funding rounds announced across Europe and the United States this week spanned sectors from enterprise AI automation to hypersonic defence systems and desalination technology.
In the largest round, San Francisco-based Serval raised $150 million in Series C funding at a $3 billion valuation, with Sequoia leading the round. Existing backers including Elad Gil, Evantic, First Round, General Catalyst and Redpoint participated, alongside new investors Conviction and Headline. The company has now raised $277 million in total, marking its third round in roughly twelve months after a $75 million Series B in December 2025. Serval's core product, Catalyst, lets employees automate workflows using AI agents described in natural language. Initially focused on IT support tasks such as password resets and access requests, the company is extending the platform across other enterprise departments. Its customers include Fox Corporation, WPP, Live Nation, Notion, Ramp and Lucid Motors.
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