According to Tech.eu's H1 2026 report, the UK remained Europe's largest technology funding market in the first half of 2026, raising €18.7 billion across 423 deals. Capital was concentrated in a limited number of large transactions, with cloud (€5.9 billion), artificial intelligence (€3.2 billion), healthtech (€2.6 billion) and fintech (€1.8 billion) accounting for the majority of funding.
Cloud attracted the most capital, driven by major financings for Pure Data Centres and Nscale, reflecting continued investment in AI infrastructure and data centre capacity. Artificial intelligence ranked second, supported by large rounds for Ineffable Intelligence, Recursive Superintelligence, ElevenLabs and Fractile, spanning foundation models, enterprise AI and semiconductor technologies.
Healthcare was led by Isomorphic Labs' Series B financing alongside significant rounds for companies including Oviva. Meanwhile, fintech funding was spread across both early- and growth-stage companies, reflecting continued activity throughout the sector.
Funding was also concentrated among a relatively small group of companies. The 10 highest-funded companies raised a combined €12.3 billion, accounting for around 66 per cent of the total capital invested in the UK during H1 2026.
For further insights into funding trends across the European technology ecosystem, check out Tech.eu's Funding Explorer, free and open to everyone.
Here are the ten companies that raised the most in H1 2026.
Nscale
Amount raised in H1 2026: €3.57B
Nscale is an AI infrastructure company that develops and operates GPU cloud platforms, hyperscale data centres and renewable energy-powered computing infrastructure for artificial intelligence workloads.
The company provides end-to-end AI infrastructure, spanning compute, data centre capacity and energy, to support enterprise and foundation model deployment.
Across three financing announcements in H1 2026, Nscale secured a total of €3.57 billion to expand its AI infrastructure, data centre footprint and compute capacity.
Pure Data Centres (Pure DC)
Amount raised in H1 2026: $2.7B
Pure Data Centres is a developer and operator of hyperscale data centres, providing digital infrastructure for cloud and AI workloads across Europe, the Middle East and other global markets.
The company designs, builds and operates energy-efficient, large-scale facilities for hyperscale customers and supports growing demand for AI and cloud computing infrastructure.
In H1 2026, the company secured $2.7 billion to accelerate the expansion of its data centre platform across Europe and the Middle East.
Isomorphic Labs
Amount raised in H1 2026: $2.1B
Isomorphic Labs is an AI drug discovery company that develops artificial intelligence models to accelerate the discovery and design of new medicines.
A spin-out from Google DeepMind, the company applies advanced AI to identify novel drug candidates and partners with pharmaceutical companies to advance therapies across multiple disease areas.
During H1 2026, Isomorphic Labs raised $2.1 billion to advance its AI drug discovery platform and expand its pipeline of therapeutics.
Wayve
Amount raised in H1 2026: $1.26B
Wayve is an autonomous driving company developing Embodied AI technology for self-driving vehicles.
Its end-to-end AI models enable vehicles to learn from real-world driving data rather than relying on high-definition maps or rule-based systems, supporting deployment across passenger and commercial vehicles.
Across two funding rounds in H1 2026, Wayve raised a total of $1.26 billion to accelerate the development and deployment of its Embodied AI technology for autonomous driving.
Ineffable Intelligence
Amount raised in H1 2026: $1.1B
Ineffable Intelligence is an artificial intelligence company developing foundation models and AI systems for enterprise and scientific applications.
The company focuses on building large-scale AI infrastructure and next-generation models designed to support advanced reasoning and automation across industries.
In H1 2026, Ineffable Intelligence secured $1.1 billion in seed funding to build its foundation AI models and computing infrastructure.
ElevenLabs
Amount raised in H1 2026: $1.06B
ElevenLabs is an AI company specialising in voice generation, speech synthesis and multilingual audio technologies.
Its platform enables businesses and creators to generate, translate and dub natural-sounding speech using artificial intelligence for media, publishing, entertainment and enterprise applications.
Across three funding rounds in H1 2026, ElevenLabs secured a total of $1.06 billion to expand its AI voice platform, advance research and scale globally.
Ebury
Amount raised in H1 2026: £550M
Ebury is a fintech company providing international payments, foreign exchange, trade finance and cash management solutions for businesses operating across global markets.
Its platform helps companies manage cross-border transactions, currency risk and international business operations.
In H1 2026, Ebury raised £550 million to support its continued international expansion and strengthen its financial services platform.
Recursive Superintelligence
Amount raised in H1 2026: $650M
Recursive Superintelligence is an artificial intelligence company developing frontier AI models and large-scale computing infrastructure for advanced reasoning and autonomous systems.
The company focuses on building next-generation AI capabilities for research, enterprise and scientific applications.
In H1 2026, Recursive Superintelligence raised $650 million to accelerate the development of its frontier AI models and computing infrastructure.
Oxford Quantum Circuits
Amount raised in H1 2026: £260M
Oxford Quantum Circuits (OQC) is a quantum computing company developing superconducting quantum computers and cloud-accessible quantum computing services for enterprise, research and government customers. Its technology is designed to support complex computational workloads beyond the capabilities of classical computing.
In H1 2026, Oxford Quantum Circuits raised £260 million to accelerate the development and commercial deployment of its quantum computing technology.
PhysicsX
Amount raised in H1 2026: $300M
PhysicsX is an industrial AI company developing foundation models and simulation technologies for engineering and advanced manufacturing. Its platform helps engineers design, test and optimise complex systems across sectors including aerospace, automotive, energy and materials.
In H1 2026, PhysicsX secured $300 million to scale its AI-driven engineering platform and accelerate the development of industrial foundation models.
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