The emerging companies that are part of the South Summit ecosystem have starred in a new round of financing operations, with a significant weight from the space, artificial intelligence (AI), and energy sectors, according to the organization itself.
The largest operation is that of the Spanish PLD Space, specialized in reusable rockets for the launch of small satellites, which has expanded its Series C round by 108 million euros, for a total of 288 million. This figure is complemented by a contract of 158.9 million euros awarded by the European Space Agency for the Miura 5 launcher.
Within the block of strategic technologies, FuVeX has obtained three million euros in order to advance in the inspection of electrical networks using drones and to strengthen its defense line, thus underscoring the importance of space and dual-use technology on the European continent.
Artificial intelligence continues to be the main growth engine with the Series D of 150 million dollars (134.04 million euros) from Factorial, which places its valuation at 2.5 billion dollars (2.23397 billion euros). This operation is joined by the 72 million dollars (64.34 million euros) raised by Wrtn, the 15 million dollars (13.40 million euros) obtained by Jusfy, and the 10 million dollars (8.94 million euros) secured by Vialytics to boost the deployment of its platform in the United States.
In the field of energy and sustainability, Waga Energy has signed a green loan of 128 million euros to accelerate its expansion in Europe, while Computomics has raised 6.3 million euros aimed at developing crops more resistant to drought and CoCircular has obtained 1.9 million euros to promote waste management solutions.
The flow of capital towards the ecosystem has also extended to the financial and mobility sectors, with the 3.5 million dollars (3.13 million euros) raised by Pluggy, the 3.5 million euros obtained by Scuter, and a grant of 1.25 million pounds awarded by the British Government to Calyo for the development of its sensors.
The latest rounds in biotechnology, food, and new materials include 3.3 million euros for MOA Foodtech, more than one million euros for Nanostine, and 590,000 euros from the European Union for Natac. On the corporate front, BizAway has closed a financing of 10 million euros with BBVA to acquire Uniglobe Alliance Travel, while NeuralTrust has opened an office in London and Applivery continues to advance in its expansion in Latin America.