The Daily Deal
Wednesday 28 October 2026
Infineon wins a €319M EU grant for the world's first 300mm GaN chip plant
- Chart of the day Defence has gone mainstream with European investors.
- Just raised Re:Build Manufacturing $2.1B, Wealthsimple $220M, General Compute $100M.
- Just founded Vessla, Lutèo Medical, Attacus Acoustics.
- In the news Infineon wins a €319M EU grant for the world's first 300mm GaN chip plant, and two more stories.
Chart of the day
Open the chartDefence has gone mainstream with European investors
275 Europe-based investors have backed a defence startup so far in 2026, already more than the 246 in all of 2025 and more than double the 123 in 2021. 167 of them are VC firms.
Just raised
All funding news-
Re:Build ManufacturingWaltham$2.1B Late VCDesign, engineering and scalable U.S. manufacturing for complex products — from concept to full-rate production. Led by General Catalyst and JPMorganChase's Strategic Investment Group.
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WealthsimpleToronto$220M Late VCFinancial advisor that's intuitive, affordable, and human. Backed by Power Corporation of Canada, IGM Financial and ICONIQ.
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General ComputeSan Francisco$100M Series AASIC-first AI cloud platform for high-speed inference. Led by Blackbird and Abstract.
By country
- US$102B
- China$18B
- South Korea$2.7B
- India$1.4B
- UK$1.4B
- France$877M
By sector
- Enterprise$102B
- Health$7.4B
- Fintech$5.6B
- Hosting$4.4B
- Semiconductors$4B
- Energy$3.7B
$131B across 1,269 rounds in October so far, by headquarters and by sector.
Just founded
View all from this week-
VesslaStockholms kommun$3M raised
AI agents automating real estate portfolio operations.
KJ
OGKasper Janehag & Orman Gazvini founded it. Janehag worked at McKinsey & Company and Stockholm Exergi. Gazvini worked at Pophouse Entertainment and McKinsey & Company. -
Lutèo MedicalManchester
Microbiome-powered therapeutic options for dermatology.
COCatherine O'Neill founded it after working at SkinBioTherapeutics.
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Attacus AcousticsBristol
Moth-inspired metamaterials for lightweight sound absorption solutions.
AGAkash Gupta founded it after studying at University of Wales.
In the news
View all news stories- Infineon wins a €319M EU grant for the world's first 300mm GaN chip plant
Infineon has secured €319M (about $355M) in EU state aid to build what it calls the world's first high-volume plant for gallium nitride (GaN) power chips on 300mm wafers.
- OpenAI says its AI disproved a core computer-science assumption, gives $5M to review it
OpenAI said on 26 October 2026 that one of its internal models disproved the Exponential Time Hypothesis (ETH), a 1999 conjecture about how hard Boolean satisfiability problems are to solve.
- Intel to acquire Israeli quantum software startup Classiq, reportedly for about $2.3B
Intel has signed a definitive agreement to acquire Classiq, the Tel Aviv-based maker of quantum computing software, the companies announced on 26 October 2026.
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