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  1. Tech Funding News80

    Oxford photonics startup Salience Labs raises $125M Series B led by Bullhound

    Salience Labs, a photonic chip startup based in Milton, Oxfordshire, raised an oversubscribed $125 million Series B led by Bullhound Capital.

    Why it matters: The round shows chipmakers spreading photonics bets across optical I/O, interconnect and switching layers, giving readers a concrete read on where AI data-center networking money is going.

  2. Tech Funding News75

    Dougs raises €50M from Expedition Growth Capital to automate accounting with AI agents

    Dougs raised €50M from Expedition Growth Capital to have AI agents prepare client accounts for chartered accountants to review and sign. The bootstrapped French firm reports €52.2M turnover, over 50,000 clients and 80% gross margins, and plans a 300-person master franchise starting in early 2027.

    Why it matters: Dougs is taking on the accountant role itself rather than selling AI tools to accountants, and its 80% gross margins show how that positioning changes the economics of a services business.

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