UK AI start-up PhysicsX nears $1bn valuation
London-based group raises $135mn amid surge of interest in defence sector
London-based group raises $135mn amid surge of interest in defence sector

Interest in AI and defence tech start-ups has boosted investor activity after a prolonged slowdown

Six-month-old secretive AI start-up in one of the largest initial funding rounds in Silicon Valley’s history

Valuations soar as venture capital flows to groups tied to continent’s security and economic sovereignty

Mega funding rounds create ‘fortress balance sheets’ as investors advise top groups to brace for tougher markets

Peter Thiel-backed company raises $5bn as the US administration turns to smaller players for latest military kit

Funding for five deals across Britain aims to boost local economic growth