Kraken Technology, Scaleup Europe Fund, Nscale — a defence unicorn, €5 billion to scale and $900 million in debt — Daily News July 10, 2026
About this episode
Kraken Technology Group raises $175 million in a Series B led by DTCP Defence, reaching a $1 billion valuation and becoming Europe's first autonomous maritime defence unicorn. Scaleup Europe Fund — backed by EQT and other European LPs — announces a €5 billion strategy to finance late-stage European scale-ups with public-private instruments. Nscale closes a $900 million revolving credit facility syndicated with twelve global banks to accelerate the construction of AI data centres in Europe, North America and Asia-Pacific.
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Main news
Startups mentioned
Kraken Technology Group
Kraken Technology Group designs and manufactures autonomous surface and subsurface vehicles for naval defence and maritime security missions.
Nscale
Europe's AI infrastructure hyperscaler: $14.6B valuation, backed by Nvidia, OpenAI's Stargate Norway partner, and $3.25B raised in 2 years.