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The Scene

The Scene on Europa Now: European startups, product studios and the cities where the continent's tech culture actually happens.

“Most Businesses Aren’t Struggling to Access AI, They’re Struggling to Structure It”: Inna Bondarenko on Building Kalei

Startups

From Deloitte to Kalei: How One Founder Built an AI Platform Around Structure, Not Tools

After 18 years at Deloitte working on corporate AI transformation, Inna Bondarenko identified a gap most businesses face: they can access AI, but struggle to organize it. Her startup Kalei puts workflow design and human judgment first.

· 12 min read

Tom Watson joins Palantir as its £330M NHS contract heads for a break clause

Startups

Former Labour Deputy Leader Joins Palantir as NHS Contract Faces Review

Lord Tom Watson has taken a senior vice president role at Palantir, the data analytics firm now defending its £330 million NHS contract against a government break clause set for February 2027.

SoftBank expands $6.05bn credit facility to $6.5bn with 20-plus banks

Startups

SoftBank Bolsters Credit Line to $6.5bn as OpenAI Spending Reshapes Debt Strategy

SoftBank has expanded its revolving credit facility by $450m to $6.5bn, securing backing from over 20 lenders as the Japanese conglomerate navigates a complex web of borrowing tied to its massive OpenAI commitments.

Raindrop hits $50m in funding to catch AI agents failing in production

Startups

Raindrop secures $50m to catch AI agents breaking silently in production

The San Francisco startup has closed a Series A round led by CRV and unveiled Simulations, a tool that tests agent changes against real production traffic before deployment.

Arcos secures €5.5M to protect critical infrastructure from physical threats

Startups

German security startup Arcos lands €5.5M to scale sensor-driven incident management

Arcos has closed a seed round to expand its unified platform for monitoring physical security across critical infrastructure, combining sensor data and incident response in a single control centre.

Factory raises $200M at a $5B valuation for its AI coding agents

Startups

Factory Triples Valuation to $5B in Fresh $200M Funding Round

The San Francisco AI coding agent platform has secured backing from Blackstone, Khosla Ventures and Sequoia Capital, bringing its total funding past $400 million as it expands its enterprise software factory offering.

Startups

Patrick Ryan on Odin: Democratising Venture Capital Across Europe

The co-founder of Odin discusses how his platform is dismantling barriers to launching investment firms and reshaping the venture landscape for European fund managers and angel syndicates.

syte raises €9M to automate early-stage real estate planning

Startups

German PropTech Startup syte Secures €9M to Expand AI-Driven Land Assessment Across Europe

The Berlin-based real estate analytics firm has closed its Series A round led by amberra, backing its push to automate early-stage property planning beyond Germany's borders.