
Dwelly, a proptech startup, has raised $170 million to enhance its AI-powered rollup strategy, acquiring more letting agencies in the UK. The funding, led by EQT Growth and General Catalyst, includes $95 million in equity and a $75 million debt facility. Founded in 2023, Dwelly uses AI to automate property management tasks, aiming to modernize the industry. With 17 agencies acquired and managing 15,000 properties, the company plans to use the funds for further acquisitions, reflecting a trend of AI startups revitalizing traditional businesses.
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Europe’s fragmented AI hardware landscape just got a serious capital injection. Dig Ventures has closed a $120 million fund specifically targeting the unglamorous but critical backbone of AI: data centers, energy, and compute infrastructure. This signals a maturation in European venture capital, moving beyond consumer apps to fund the physical reality of running large models. For builders, it means potential new sources of capital for local inference clusters and regional cloud providers that can compete with US hyperscalers.
The UK government is moving with unusual speed to restrict non-compete clauses for AI workers, signaling a deliberate policy shift to retain talent. This rapid legislative push aims to prevent the kind of brain drain seen in other sectors by making it harder for companies to lock in specialized engineers. It marks a clear departure from standard labor practices, prioritizing industry agility over traditional employment protections. The move suggests London is actively trying to position itself as a more open hub for AI development compared to stricter jurisdictions.
The race to build foundational world models is heating up with Zenithon securing support from Backed and SOSV. This funding validates the thesis that autonomous agents require robust physical simulations to operate reliably in the real world. While specific deal terms remain undisclosed, the backing from established accelerator SOSV signals institutional confidence in this nascent category. It marks a significant step for early-stage labs attempting to bridge the gap between digital intelligence and physical interaction.
© The AI Daily BriefMajor AI frontier laboratories have signed a superintelligence accord during an event at the White House.
© The AI Daily BriefThe Federal Trade Commission has opened an investigation into rogue AI agents causing potential consumer harm.
© AI ExplainedThe White House has outlined new commitments regarding AI safety and regulation, signaling increased government oversight of the AI industry.