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Quillon, a Sofia, Bulgaria-based AI startup focused on technical accounting and financial reporting, has secured $1.5 million in pre-seed funding as it aims to modernize one of finance’s most complex and manual functions through artificial intelligence. The round highlights growing investor interest in AI-led financial infrastructure solutions designed for enterprise-grade compliance and reporting.The company is building an AI-powered platform that helps finance teams streamline technical accounting workflows, automate reporting processes, and improve audit readiness. These areas often require heavy manual effort, specialist expertise, and continuous monitoring of changing accounting standards making them ideal for intelligent automation.With fresh capital, Quillon is expected to accelerate product development, expand engineering capabilities, and onboard more enterprise customers across Europe and international markets. The company’s positioning at the intersection of AI, finance operations, and regulatory reporting gives it access to a rapidly expanding market where CFO offices are seeking smarter operational tools.The investment also reflects a broader trend in Europe’s startup ecosystem, where founders are increasingly building AI-first software for highly specialized business functions rather than general-purpose automation alone. Finance compliance and technical accounting remain underserved categories with significant enterprise demand.As companies face increasing scrutiny around disclosures, governance, and financial transparency, platforms like Quillon could become valuable infrastructure partners for scaling businesses, multinational firms, and audit-driven organizations.

Germany-based spacetech startup Atmos Space Cargo has raised €25.7 million in a Series A funding round to accelerate development of its orbital return logistics platform, marking a major milestone for Europe’s growing private space ecosystem. The raise reflects increasing investor confidence in infrastructure enabling cargo transportation to and from space.The round was co-led by Balnord and Expansion Ventures, with strategic participation from Keen Defence & Security. Additional backing came from the European Innovation Council (EIC), OTB Ventures, High-Tech Gründerfonds (HTGF), APEX Ventures, Seraphim, Faber, and other investors focused on frontier technologies.Founded to solve one of the most critical bottlenecks in the space economy, Atmos Space Cargo is building systems that allow payloads to safely return from orbit to Earth. While launch capacity has expanded rapidly over the last decade, routine and cost-efficient return logistics remain limited especially within Europe.The company’s flagship PHOENIX re-entry platform uses an Inflatable Atmospheric Decelerator (IAD), which functions as both a heat shield and aerodynamic brake. Unlike traditional re-entry capsules that rely on ablative shields, Atmos’ reusable architecture is designed to lower costs and improve operational frequency.The new capital will fund construction of a three-vehicle PHOENIX 2 fleet, helping the company move from demonstration missions toward regular commercial operations. This transition is expected to unlock new services for in-space manufacturing, life sciences research, satellite servicing, and rapid cargo return.Atmos has also launched ATMOS WORKS, a dedicated division focused on sovereign defense and institutional missions. This signals a broader strategic role in providing Europe with independent access to secure space logistics and re-entry capabilities.As global competition intensifies across space transportation, orbital infrastructure, and national security systems, Atmos Space Cargo is positioning itself as a critical European player in the future of commercial space logistics.

India-based instant home services startup Pronto is in advanced talks to raise $15 million to $20 million in fresh funding, a move that could double its valuation to approximately $200 million and reinforce investor confidence in the rapidly emerging quick home services category.The proposed round is expected to be led by US tech investor Lachy Groom, with participation from existing backers. The fundraising comes only weeks after Pronto closed a $25 million Series B round, signaling accelerating demand from investors eager to back early leaders in hyperlocal service marketplaces.In its previous round, Pronto was valued at around $100 million post-money, with investors including Epiq Capital, General Catalyst, and Bain Capital Ventures. If the current deal closes on expected terms, the company would achieve a 2x valuation jump within a short span - an uncommon milestone that highlights strong market momentum.Founded in 2025, Pronto operates in the instant home services segment, where users can book trained domestic professionals for tasks such as cleaning, laundry, and household chores within minutes. The model mirrors quick commerce strategies, but applies them to labor-based on-demand services.The company has reportedly expanded rapidly across multiple cities while investing heavily in worker onboarding, supply acquisition, and cluster-led market density. Building reliable local labor networks at scale is seen as one of the biggest barriers to entry in this category.Pronto’s latest raise comes amid a broader funding wave in the sector. Rival startup Snabbit is also reportedly raising a large round, while established player Urban Company continues to scale its instant services vertical. Together, these developments suggest quick home services may become one of India’s next high-frequency consumer internet categories.Investors are betting that India’s vast but fragmented domestic help market can be formalized through technology, trust systems, standardized pricing, and faster service fulfillment. If successful, Pronto could emerge as one of the defining platforms in this newly forming segment.

US-based enterprise software startup Orkes has raised $60 million in fresh funding, including a $40 million Series B round, to help companies reliably deploy AI workloads and agentic systems in production environments. The raise reflects surging enterprise demand for infrastructure that can move AI projects beyond pilot stage into real-world scale.The round was led by AVP, with continued support from existing investors. The latest financing brings Orkes’ total funding to approximately $90 million, underscoring growing confidence in platforms enabling enterprise-grade AI orchestration and workflow automation.Founded by former Netflix Conductor creators, Orkes offers a workflow orchestration platform that helps businesses build, run, and monitor distributed applications, microservices, and AI-driven systems. Its technology is increasingly being used to manage complex agentic AI processes that require reliability, observability, and scalable execution.As enterprises accelerate adoption of generative AI, many struggle with fragmented tools, unstable workflows, governance concerns, and production-scale complexity. Orkes aims to solve this by providing infrastructure that coordinates tasks, APIs, services, and AI agents across mission-critical environments.The company is positioned at the intersection of DevOps, cloud infrastructure, and enterprise AI an increasingly strategic category as organizations seek trusted platforms to operationalize automation at scale. Reliable orchestration has become especially important as autonomous AI agents begin handling multi-step business processes.The newly raised capital is expected to support product development, engineering expansion, and global go-to-market growth as Orkes targets large enterprises modernizing their software and AI stacks.As the next phase of AI shifts from experimentation to execution, Orkes is emerging as a key infrastructure player helping enterprises run intelligent systems with confidence.

Belfast-founded software infrastructure startup Cloudsmith has raised $72 million in a Series C funding round to help enterprises govern and secure the rapidly growing wave of AI-generated software. The raise marks one of the largest recent tech financings from Northern Ireland and underscores surging investor interest in AI-era cybersecurity infrastructure.The round was led by TCV, with participation from Insight Partners and other existing investors. Both firms also backed Cloudsmith’s earlier Series B round, signaling continued conviction in the company’s market position and growth trajectory.Founded in 2016, Cloudsmith provides a cloud-native artifact management platform that helps engineering teams host, control, distribute, and secure software packages, containers, binaries, and dependencies across development pipelines. As enterprises adopt AI coding tools, the volume of generated code components has surged creating new governance and security challenges.The company’s platform acts as a control layer for software supply chains, allowing enterprises to mirror public registries such as PyPI, Docker Hub, Maven, and npm into secure private environments while applying policy controls, access management, and vulnerability scanning.Cloudsmith has also expanded into AI and machine learning artifact governance through tools such as model registries and enterprise policy management, helping organizations manage datasets and ML models with the same rigor as software packages.The new capital will be used to accelerate product development and expand go-to-market operations as Fortune 500 and Global 2000 companies increasingly migrate from legacy platforms toward modern cloud-native alternatives.As AI agents generate code faster than humans can manually review it, Cloudsmith is positioning itself as critical infrastructure for the next generation of software development where security, compliance, and automation must scale together.

Tokyo-based construction technology startup BALLAS has raised ¥2.4 billion (approximately $16 million) in a Series B funding round to accelerate growth of its AI-powered end-to-end supply chain platform for the construction industry. The raise highlights increasing investor interest in digitizing one of the world’s largest yet least efficient sectors.The latest funding brings BALLAS’ total capital raised to ¥4.9 billion, providing the company with fresh resources to scale operations, deepen product capabilities, and expand adoption across Japan’s construction ecosystem.Founded in Tokyo, BALLAS is building a technology platform that streamlines sourcing, procurement, manufacturing coordination, logistics, and delivery of building materials and components. By combining AI, software automation, and supply chain intelligence, the company aims to reduce delays, lower costs, and improve transparency across fragmented construction workflows.Construction remains one of the most operationally complex industries globally, often challenged by labor shortages, manual procurement systems, unpredictable timelines, and disconnected supplier networks. BALLAS is positioning itself as a digital infrastructure layer that modernizes these outdated processes through data-driven execution.Japan’s construction sector in particular faces rising pressure from an aging workforce, urban redevelopment demand, and the need for greater productivity. This creates a favorable environment for platforms that can automate procurement and optimize supplier coordination at scale.The newly raised capital is expected to support product expansion, engineering growth, broader enterprise partnerships, and geographic scaling as BALLAS targets leadership in construction supply chain technology.As industries worldwide increasingly adopt AI to solve real-world operational bottlenecks, BALLAS is emerging as a key player at the intersection of construction, logistics, and enterprise automation.