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3C, the liquid cooling startup founded by former CoolIT CEO Steve Walton, merged with UK-based Datalec Precision Installations on Oct. 14 to form 3C Datalec.
Why it matters: The merger shows how liquid cooling is being folded into full data centre design and operations, with revenue targets and hiring plans that indicate the scale of demand.
Sprints closed its fifth fund at a €725M hard cap, roughly 40% above its previous €525M vehicle.
Why it matters: Sprints closed a €725M fund at its hard cap in Europe's weakest fundraising year on record, and its decision to skip foundational AI in favor of application-layer bets offers a concrete read on where growth capital sees returns.
European startup funding reached $25 billion in Q3, the region's strongest quarter in four years and up 77% year over year.
Why it matters: Crunchbase data shows AI took a record 75% of Europe's $25B Q3 venture total, with Germany and France closing the gap on the UK.
Endeavor Catalyst closed its fifth fund at $320 million.
Why it matters: Endeavor Catalyst's fifth fund shows where non-Bay Area founders are getting funded while most venture money concentrates on Silicon Valley AI.
Global venture funding reached $159 billion in Q3 2026 across nearly 6,000 startups.
Why it matters: Crunchbase's Q3 2026 data shows a record 27 billion-dollar rounds and $159B in global venture funding, giving readers a concrete read on where AI capital is concentrating.
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