Scaling Europe

General Catalyst has built one of the most active investment theses in Europe around artificial intelligence transforming massive service industries like law, property management, accounting, and insurance. Their portfolio features companies tackling this shift from different angles, including Legora selling software directly to law firms and Dwelly scaling through hands-on growth in real estate. Zeynep Yavuz-Willson is a Partner at General Catalyst, where she focuses on early-stage investing across Europe. Before venture she worked in private equity and operating roles, and she says learning from founders is still her favourite part of the job. The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk Sponsors: SurrealDB: https://surrealdb.com/ Airwallex: https://www.airwallex.com/uk Lovable: https://lovable.dev/ Parloa: https://www.parloa.com/ Conveo: https://conveo.ai/ NatWest: https://www.natwest.com/ WWT: https://www.wwt.com/ Timestamps: 0:00 - Introduction 1:06 - Why General Catalyst is betting on AI transforming services 4:04 - Why Dwelly was worth the risk despite being burned before 8:39 - Which other service industries General Catalyst is watching 11:08 - Why customer trust is becoming the real advantage in AI 13:50 - The rest of the AI stack, open source and data 20:35 - Why concentrated industries adopt AI faster than fragmented ones 26:31 - How General Catalyst's capital model is changing 28:51 - Is General Catalyst still a venture firm 30:46 - How the venture industry has changed since 2020

Dominic Raab, the former UK Deputy Prime Minister and Justice Secretary, has just joined IndexLaw as a founding advisor. IndexLaw helps businesses and individuals handle legal work, review contracts, and build legal strategies using artificial intelligence. The platform automates routine tasks while connecting users with real lawyers for final review. Quddus Pativada is founder and CEO , and Dominic Raab is a founding advisor at IndexLaw. They believe AI can make legal help simple and put people directly in control of their own legal matters. The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk Sponsors: SurrealDB: https://surrealdb.com/ Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeuropeLovable: https://lovable.dev/ Parloa: https://www.parloa.com/ Conveo: https://conveo.ai/ NatWest: https://www.natwest.com/ WWT: https://www.wwt.com/ Timestamps: 0:00 - Introduction 0:21 - What IndexLaw is building 1:06 - Dominic Raab's new role at IndexLaw 3:18 - The personal story behind IndexLaw's founding 6:00 - How IndexLaw differs from Harvey and Legora 9:14 - Why the legal industry is ripe for disruption 11:54 - The UK's unusually open rules for legal AI 14:17 - Dominic's day-to-day role as advisor 15:18 - How Quddus and Dominic's partnership began 17:56 - IndexLaw's goals for the next 18 months

Primer gives merchants one place to manage and optimise every part of their payments. Through a single integration, businesses can connect payment providers, payment methods, and fraud tools, then control how payments are routed and processed. By bringing payment data and AI-powered intelligence together, Primer helps businesses reduce failed payments, lower costs, and expand into new markets. Gabriel Le Roux is Co-founder and CEO at Primer. He believes that as payments get more automated and complex, merchants need one connected system with full data behind it. The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk Sponsors: SurrealDB: https://surrealdb.com/ Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope Lovable: https://lovable.dev/ Parloa: https://www.parloa.com/ Conveo: https://conveo.ai/ NatWest: https://www.natwest.com/ WWT: https://www.wwt.com/ Timestamps: 0:00 - Introduction 0:13 - What Primer does 1:15 - Primer's new $100m round 3:38 - Why Primer built its AI agent, Companion 6:52 - How customer research shaped Companion 9:45 - Companion's surprising adoption 11:59 - How culture shapes Primer's approach to selling 16:16 - Primer's plans to double down on the US 18:02 - Why Primer has been data-driven from day one

Modal gives AI startups the computing power they need to run their products, and a safe way to run code their AI writes on its own. Its revenue has grown 5x this year and is now closing in on $1bn annually, backed by a recent $355m raise to keep up with demand.Erik Bernhardsson is CEO at Modal. He's certain AI startups will keep needing more computing power than anyone expects, and that demand is contributing to Modal's growth.The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjkSponsors:SurrealDB: ⁠https://surrealdb.com/⁠Airwallex: ⁠https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope⁠Lovable: ⁠https://lovable.dev/⁠Parloa: https://www.parloa.com/Conveo: https://conveo.ai/NatWest: https://www.natwest.com/WWT: https://www.wwt.com/Timestamps:0:00 - Introduction0:21 - What Modal does0:57 - Modal's $355m round and revenue growth1:51 - How Modal forecasts and buys computing power ahead of demand3:40 - Why most of Modal's growth comes from AI-native startups7:04 - Modal's biggest use cases: inference, sandboxes and coding models9:07 - The shift toward cheaper Chinese and open-source AI models12:21 - Modal's expansion into London and Stockholm19:44 - What Erik learned building Spotify that he's applied at Modal23:14 - The one part of the job Erik still can't delegate27:19 - Why Erik expects capital efficiency to matter again33:32 - Modal's path to $1bn in annual revenue

Conveo just raised a $50m Series A from DST Global, Balderton Capital, Visionaries, 6 Degrees Capital and Y Combinator, bringing its total funding to $55.8m. Conveo helps large companies understand what their customers want, using AI to run the research and get the findings to the teams that need them. The company has grown from 12 to 80 people in less than a year. Hendrik Van Hove is Co-founder of Conveo. He believes the real value of AI for big companies comes from pairing it with people, and that's the part most competitors miss. The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk Sponsors: Chargebee: ⁠https://www.chargebee.com/events/beelieve/london/2026⁠ SurrealDB: ⁠https://surrealdb.com/⁠ Airwallex: ⁠https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope⁠ Lovable: ⁠https://lovable.dev/⁠ Parloa: https://www.parloa.com/ Conveo: https://conveo.ai/ NatWest: https://www.natwest.com/ WWT: https://www.wwt.com/ Timestamps: 0:00 - Introduction 0:13 - Conveo's new $50m Series A 0:24 - The investors behind Conveo's round 1:53 - What Conveo builds 4:03 - Customers like Google and Unilever 5:06 - Why investors backed Conveo over rivals 6:52 - Conveo's case for pairing AI with people 12:04 - What Conveo got wrong early on 15:34 - How Conveo won its first major clients 18:16 - Conveo's plans for the new funding 19:14 - Why Conveo is building a new category

Callosum just raised $100m led by Atomico, Plural and DCVC. It's one of the largest seed-stage rounds in UK history, coming just five months after Callosum came out of stealth. Callosum builds software that lets AI run across many different types of chips at the same time, making it faster, cheaper and more capable. Danyal Akarca is Co-founder at Callosum. He believes AI can only have a real economic impact once it becomes cheaper and faster to run, and that's exactly what Callosum is built to do. The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk Sponsors: Chargebee: https://www.chargebee.com/events/beelieve/london/2026 SurrealDB: https://surrealdb.com/ Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope Lovable: https://lovable.dev/ Timestamps: 0:00 - Introduction 1:09 - Callosum's approach to AI infrastructure 5:56 - How Callosum's technology works for customers 8:48 - Callosum's new $100m round 12:33 - How Callosum built partnerships with chip companies like Cerebras 17:14 - Why Callosum wasn't built just to make chips work together 20:03 - What the $100m will fund next 24:54 - Why cost is becoming as important as speed for AI buyers 28:03 - Who Danyal thinks will win the AI stack over the next three years 33:03 - Why London has become a serious AI hub

Plug and Play Ventures invests in startups across Europe and runs a platform connecting them with large corporate partners. It has grown from a family office into an institutional investor with nine funds, and now runs 65 offices with more than 700 people worldwide. Thomas Bigagli is EMEA Partner at Plug and Play Ventures. He believes Europe already has the talent and ideas, and just needs investors willing to move faster and write bigger checks to keep its best startups from leaving. Sponsors: Chargebee: https://www.chargebee.com/events/beelieve/london/2026 SurrealDB: https://surrealdb.com/ Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope Lovable: https://lovable.dev/ Timestamps: 0:00 - Introduction 0:28 - What Plug and Play's EMEA role involves 2:29 - How Europe's startup landscape has changed 3:20 - Why deep tech is such an exciting opportunity right now 5:05 - Where Europe's hardware and deep tech hubs are emerging 6:07 - Plug and Play's early bets in Lithuania and Italy 9:56 - The one question every founder gets asked 12:32 - Why more European founders are thinking globally 15:52 - US investors' growing presence in Europe 17:15 - Why European VCs still move slower than American ones 18:41 - The European firms closing the gap

Orqa is a Croatian company that designs and manufactures drones, components and ground stations entirely in Europe, a rare setup in an industry that mostly relies on China. Orqa now builds primarily for defence customers across NATO and the West, and shipped 250,000 products last year, a number it's on track to double in 2026. Srdjan Kovacevic is CEO and Co-Founder of Orqa. He believes most Western militaries aren't ready for drone warfare yet, and that needs to change fast. The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk Sponsors: Chargebee: https://www.chargebee.com/events/beelieve/london/2026 SurrealDB: https://surrealdb.com/ Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope Lovable: https://lovable.dev/ Timestamps: 0:00 - Introduction 0:15 - What Orqa builds 1:07 - Why Orqa set out to build Europe's answer to Chinese drone brands 2:36 - Why Orqa builds everything in Europe 5:03 - Orqa's current production scale 6:41 - How the war in Ukraine pulled Orqa into defence 8:05 - Why Orqa builds for NATO's future needs, not Ukraine's immediate ones 10:19 - Orqa's production numbers: 250,000 products shipped last year 13:16 - Orqa's biggest supply chain bottleneck 15:40 - Why the AI boom is causing a new chip shortage for Orqa 19:10 - Ukraine's drone warfare numbers 20:36 - How drone warfare has transformed the battlefield

Metaview just acquired Reval, a recruiting agency built to run entirely on AI. The deal brings more talent and technology into Fillmore, Metaview's AI recruiting co-worker. Metaview's platform is already used by more than 5,000 companies, and Fillmore works by researching, sourcing and reaching out to candidates without any human involvement. Shahriar Tajbakhsh is Co-founder and CTO of Metaview. He expects Metaview to become the single platform for end-to-end hiring within a year, handling everything from a company opening a role to someone being hired. The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk Sponsors: Chargebee: https://www.chargebee.com/events/beelieve/london/2026 SurrealDB: https://surrealdb.com/ Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope Lovable: https://lovable.dev/ Timestamps: 0:00 - Introduction 0:12 - Metaview's AI-first approach to recruiting 1:07 - Metaview's traction across more than 5,000 companies 2:10 - What Fillmore is and how it works 6:22 - Why Metaview built Fillmore as a co-worker, not an agent 8:08 - Fillmore's early results since its soft launch 12:24 - Why Metaview acquired Reval 14:14 - How the Reval and Metaview teams came together 15:39 - How mission-aligned teams speed up Metaview's hiring 20:02 - What success looks like for the Reval acquisition

TidalSense has built a handheld device that diagnoses COPD, a common lung disease, in under four minutes. It's already used across the NHS and has drawn interest from more than 60 countries since launching last year. The Cambridge-based company just raised $19m to expand into new markets. Ameera Patel is CEO of TidalSense. She believes what matters most to healthcare providers is a better patient experience and more efficient care. The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk Sponsors: Chargebee: https://www.chargebee.com/events/beelieve/london/2026 SurrealDB: https://surrealdb.com/ Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope Lovable: https://lovable.dev/ Timestamps: 0:00 - Introduction 0:19 - TidalSense's $19m round and what problem it solves 1:08 - Why the standard diagnostic test hasn't changed since the 1800s 2:44 - What TidalSense has built 3:35 - TidalSense's rollout across the NHS 4:21 - The demand TidalSense has seen since launching 5:16 - Ameera's personal journey to founding TidalSense 9:48 - Inside TidalSense's $19m round and its lead investor 12:02 - TidalSense's plans to expand into the US and China 14:47 - TidalSense's biggest bottleneck right now 15:59 - What's needed for TidalSense's next raise

n8n is a workflow automation platform that frees employees from repetitive, boring tasks. SAP recently made a strategic investment in the company, valuing it at €5.2bn, more than double what it was worth seven months ago. Jan Oberhauser is Founder and CEO of n8n. He believes the real value isn't the time saved, but the chance to give employees more meaningful work instead of repetitive tasks. The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk Sponsors: Chargebee: https://www.chargebee.com/events/beelieve/london/2026SurrealDB: https://surrealdb.com/ Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope Lovable: https://lovable.dev/ Timestamps: 0:00 – Introduction 0:41 – n8n's €5.2bn strategic investment from SAP 2:41 – How valuable the SAP partnership could be 4:04 – What drove the valuation jump in seven months 5:03 – The real value customers get from n8n 11:38 – Balancing community users with enterprise customers 14:23 – How n8n's community has evolved 18:19 – How Jan's role has changed as CEO 22:44 – What Jan is seeing across the AI ecosystem 28:20 – What n8n looks for when hiring 29:11 – Why n8n rejects hustle culture 29:54 – Flexible hours and company values 31:49 – Balancing being CEO and a father 33:43 – Staying European 35:47 – US vs. European investors 37:33 – Quickfire round

Aspire11 invests European pension money into some of the world's biggest private tech companies, unlocking capital that's historically stayed on the sidelines. Its first fund raised €500m, and backs both early-stage VC funds and late-stage tech companies such as Revolut, Databricks, ElevenLabs and Vinted. Zaya Kadyrova is Co-Founder and Managing Partner at Aspire11. She believes much of the value created by Europe's biggest tech companies currently goes to US pension funds, and is trying to change that by putting pension money directly into companies at that scale. The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk Sponsors: Chargebee: https://www.chargebee.com/events/beelieve/london/2026 SurrealDB: https://surrealdb.com/ Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope Lovable: https://lovable.dev/ Timestamps: 0:00 - Introduction0:20 - What Aspire11 does 1:31 - Why pension funds matter for venture 4:37 - Why Europe's pensions have stayed on the sidelines 8:51 - Tribes: backing the next generation of fund managers 12:07 - Why Aspire11 backed Revolut, Vinted and Eleven Labs 15:14 - The case for investing in Databricks 18:22 - How the fund is driving demand from young savers 19:35 - How Aspire11 wins access to the best deals

Tapestry VC backs repeat founders who are already building their second or third company. Around 60% of Europe's new unicorns in the past couple of years have come from exactly that group, and Tapestry just closed an $80m third fund to keep backing them. Patrick Murphy is a Partner at Tapestry VC. Seven of the roughly 70 investments he's made in his career have grown into $100m+ revenue companies, a track record few investors can match. The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk Sponsors: Chargebee: https://www.chargebee.com/events/beelieve/london/2026 SurrealDB: https://surrealdb.com/ Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope Lovable: https://lovable.dev/ Timestamps: 0:00 - Introduction 0:04 - Tapestry VC's new $80m third fund 0:24 - Why Tapestry backs repeat founders 2:01 - Inside Tapestry's portfolio 6:44 - Patrick's move back to London 9:02 - The psychology of investing in repeat founders 12:45 - What Patrick's most successful investments have in common 15:38 - British Business Bank as Tapestry's anchor investor 17:48 - Competition among European VCs 20:44 - Why US LPs are reshaping European venture 23:07 - Europe's growing exit market

Dwelly just raised a $170m Series B led by EQT Growth and General Catalyst, five months after its last round, taking total funding to around $250m. Dwelly acquires traditional letting agencies across the UK and moves them onto a shared AI system. The AI handles compliance and admin work, so staff can focus on landlords and tenants instead. Dan Lifshits and Ilia Drozdov are Co-founders of Dwelly. The company has grown from around 10,000 lettings under management five months ago to more than 15,000 today, already making it one of the UK's ten largest letting agencies. The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk Sponsors: Chargebee: https://www.chargebee.com/events/beelieve/london/2026 SurrealDB: https://surrealdb.com/ Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope Lovable: https://lovable.dev/ Timestamps: 0:00 - Introduction 0:21 - Dwelly's new $170m Series B 1:07 - Why AI is transforming the services industry 1:35 - What Dwelly does and how much it's grown 2:25 - Acquiring and integrating letting agencies 6:33 - Dwelly's underlying business fundamentals 7:12 - The size of the UK market and expanding into Europe 9:55 - Dwelly's biggest bottleneck: hiring 12:58 - Inside the Series B round 16:09 - Dwelly's north star metric

TechCredit Partners helps tech founders raise debt capital to fund growth without giving up more of their company. The firm has raised close to $1 billion for clients across more than 20 countries in the last three years. Linus Eriksson Noren and Resat Ozutok are Co-founders of TechCredit Partners. Most founders don't realize how much of their business, like contracts or equipment, can be used to raise debt instead of equity, which is exactly the gap the two are trying to close. The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk Sponsors: Chargebee: https://www.chargebee.com/events/beelieve/london/2026 SurrealDB: https://surrealdb.com/ Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope Lovable: https://lovable.dev/ Timestamps: 0:00 - Introduction 0:21 - What TechCredit Partners does 0:53 - The boom in European venture debt 1:37 - Why founders turn to debt over equity 3:43 - Why more capital-intensive businesses are turning to debt 6:24 - How founders know they're ready to raise debt 9:21 - The industries TechCredit Partners works in 11:01 - How founders should balance debt and equity 13:25 - Why Linus and Resat built TechCredit Partners 16:46 - Europe's debt landscape and standing out in the market

Dexory builds robots that scan warehouses and track everything inside them in real time. Companies use that data to know exactly what stock they have and where, resulting in massive savings. Oana Jinga is Co-founder of Dexory. The company has scanned over 1.3 billion warehouse locations so far, using real data collected directly from customer sites. Dexory recently raised a $165m Series C to scale up its commercial team, now tripling its growth year after year. The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk Sponsors: Chargebee: https://www.chargebee.com/events/beelieve/london/2026 SurrealDB: https://surrealdb.com/ Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope Lovable: https://lovable.dev/ Timestamps: 0:00 - Introduction 0:24 - What Dexory's robots do 1:27 - The value Dexory delivers to customers 3:04 - Dexory's biggest customers 5:41 - How Dexory expands into new countries 9:56 - Will warehouses change to be built for robots? 12:31 - Dexory's data and the future of physical AI 15:20 - Inside Dexory's Series C round 19:29 - What's next for Dexory

Onstage has just been acquired by Sifted. The company runs Demo Day, an early-stage pitch event that connects founders with VCs, backed by a network of 350 venture capital partners who select the finalists. Issie James is Co-founder at Onstage. Onstage's strategy has always been to build an audience its founders and VC partners can use to reach more customers, and joining Sifted was the natural next step for that. The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk Sponsors: Chargebee: https://www.chargebee.com/events/beelieve/london/2026 SurrealDB: https://surrealdb.com/ Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope Lovable: https://lovable.dev/ Timestamps: 0:00 - Introduction 0:17 - Onstage's acquisition by Sifted 1:36 - What changes and what stays the same 4:10 - What the acquisition means for Issie 6:03 - What happens to Deploy 6:52 - Issie's career journey at Onstage 11:51 - What makes a great event 13:16 - What success looks like after the acquisition 14:27 - Lessons from thousands of startup pitches

Expeditions is one of Europe's only venture funds dedicated to defence and security startups. The firm recently closed its second fund at €197m. Stanislaw Kastory and Mikolaj Firlej are Co-founders and General Partners at Expeditions. The firm backs early-stage teams across defence, cybersecurity, quantum and space technology. The new fund plans to make around 40 early-stage investments, with half its capital reserved for follow-on rounds. The Scaling Europe show is presented by Deel. Check them out here: ⁠https://get.deel.com/ruynb7o4lfjk⁠ Sponsors: Chargebee: ⁠https://www.chargebee.com/events/beelieve/london/2026⁠ SurrealDB: ⁠https://surrealdb.com/⁠ Airwallex: ⁠https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope⁠ Lovable: ⁠https://lovable.dev/⁠ Timestamps: 0:00 - Introduction 0:08 - Expeditions closes its €197m second fund 1:04 - How raising fund two differed from fund one 4:23 - Fund one's early bets in defence tech 7:10 - What's different about fund two's strategy 9:40 - Where Europe's biggest defence gaps are 12:36 - How Expeditions finds and evaluates startups 16:20 - Do European countries compete for their own defence champions? 19:52 - Financing war vs. financing European defence

PhysicsX helps companies design and manufacture industrial products faster, using AI instead of traditional physics simulation.Jacomo Corbo is CEO and Co-Founder of PhysicsX. Its technology helps manufacturers cut defects and lower costs, from casting aerospace parts to smelting aluminum more efficiently. The company recently raised a $300m Series C at a $2.4bn valuation, more than doubling its Series B valuation in under a year. The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk Sponsors: Chargebee: https://www.chargebee.com/events/beelieve/london/2026 SurrealDB: https://surrealdb.com/ Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope Lovable: https://lovable.dev/ Timestamps: 0:00 - Introduction 0:16 - What PhysicsX does 2:24 - Real-world use cases 4:32 - PhysicsX's $300m Series C 6:50 - The scaling laws behind PhysicsX's models 7:46 - Scaling up to meet demand 9:51 - Selling to incumbents vs newer manufacturers 15:02 - Selling to Europe vs the US 19:00 - The Deutsche Telekom and NVIDIA partnership 20:46 - What industrial engineering will look like in five years

Proxima Fusion recently raised €411m at a €2.4bn valuation, the largest funding round in European fusion. The company is building a fusion reactor designed to produce clean, safe energy continuously, without the risk of a runaway reaction. Francesco Sciortino is Co-Founder and CEO of Proxima Fusion. The company has around 200 people working across Munich, Zurich and Oxford. Proxima's next milestone is a full-scale magnet that will prove the reactor design works, expected by the end of 2027. The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk Sponsors: Chargebee: https://www.chargebee.com/events/beelieve/london/2026 SurrealDB: https://surrealdb.com/ Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope Lovable: https://lovable.dev/ Timestamps: 0:00 - Introduction 0:09 - Proxima Fusion's €411m raise 0:50 - What fusion actually is 4:04 - Why Proxima bets on stellarators over tokamaks 9:29 - What's changed to bring investors on board 11:42 - Inside the Bavarian government partnership 16:12 - The next milestone: the Stellarator Model Coil 18:29 - Publishing the Stellaris power plant design 20:38 - Supply chain risk for fusion magnets