Tag: exits
-
Deliverance AI exits stealth to power sovereign enterprise AI
Deliverance AI, a UK-founded provider of enterprise AI infrastructure, has emerged from stealth, reporting £6 million in annual recurring revenue (ARR), more than 30 employees, and six enterprise customers within three months of incorporation. The company is developing what it describes as an Agentic Operating System (OS) designed to help governments, regulated industries, and large read more
Written by
-
Lunar co-founder exits CEO role after 11 years
The co-founder of Danish digital bankLunar is stepping down as CEO after more than ten years and is being replaced by a former Danske Bank and Saxo Bank executive. Ken Villum Klausen, Lunar co-founder and CEO, who has led Lunar since its founding in 2015, said the timing “feels right” to stand down. He pointed read more
Written by
-
Revolut wins full UK banking licence, as finally exits mobilisation phase
Revolut has been awarded a full UK banking licence, after regulators lifted restrictions on the UK challenger bank, which had lasted for an extended time. Revolut, valued at $75bn,today said it had received regulatory approval from the Bank of England’s Prudential Regulation Authority (PRA) to exit the mobilisation phase, and launch as a bank in read more
Written by
-
Enlightra exits stealth with $15M to power energy-efficient AI data centre lasers
Enlightra, a deeptech startup developing chip-scale multiwavelength lasers for next-generation data transmission, has raised a total of $15 million. Investors include Y Combinator, Runa Capital, Pegasus Tech Ventures, Protocol Labs, Halo Labs, Asymmetry Ventures, and TRAC VC, among others. Modern AI training increasingly depends on faster connections between GPUs, yet many systems still rely on read more
Written by
