European deeptech ventures in AI and space continue to attract substantial venture capital, with notable funding rounds for spatial intelligence, drone technology, and satellite solutions.

Welcome to EU Pulse. European deep tech continues to attract substantial investment with significant funding rounds in spatial AI, space technology, and dual-use drones complementing broader market trends. Indeed, this signals strong confidence in foundational technologies across Europe. Capital is flowing into areas promising long-term impact across various critical sectors, from digital transformation to security. Kicking us off, Dutch startup Vangrid has secured nine million dollars in seed funding for its decentralized spatial AI network. This aims to provide high-fidelity spatial data for the emerging physical AI era. Vangrid's network, designed for deployment via smartphones, is crucial for robust distributed intelligence in complex systems. This investment supports their goal to make high-fidelity spatial data widely accessible, aligning with the growing need for distributed intelligence. Moving to space, Portuguese firm NeuroSpace has raised 15.6 million euros to advance its AI-enabled space domain awareness and space traffic management capabilities. This highlights the critical need for AI solutions in orbit as satellite constellations grow. NeuroSpace's platform leverages AI to provide granular insights for collision avoidance, ensuring sustainable space operations, mirroring EU initiatives like Atlas-2. In defense tech, Spanish company FUVEX has secured three million euros in an oversubscribed funding round. This will scale its dual-use drone technology for both civilian and defense applications. FUVEX's success reflects the growing importance of versatile aerial systems in various sectors, from logistics to security. This trend is also seen in projects like U-space, advancing advanced air mobility with intelligent coordination technology across Europe. Our number of the day is eighteen point seven billion euros. This is the total capital raised by UK tech companies in the first half of 2026 according to a tech.eu report. While substantial, this figure reveals a significant concentration of capital within a limited number of companies. The report indicates investors are consolidating bets on established or rapidly scaling ventures, influencing strategic approaches. Finally, European photonic scale-ups are driving critical tech advancements from faster internet to quantum capabilities. This sector is gaining recognition as a strategic innovation area. These scale-ups are creating fundamental building blocks for future technological infrastructure, crucial for maintaining Europe's competitive edge. That's all for today's EU Pulse. For more details on these stories and other deep tech innovations, visit eu.eu.