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Phoenix Court: Investment Portfolio & Startup News
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Open Cosmos lands £260m led by Lightrock to design, build and operate European satellite missions end-to-end
Open Cosmos designs, builds and operates satellite missions end to end, running a shared constellation that governments and organisations can buy into instead of funding their own space infrastructure. Its platforms cover secure satellite communications, Earth observation and the conversion of imagery and sensor data into operational intelligence for governments, institutions and enterprises.


CuspAI announces £335m Series B led by Kleiner Perkins and NEA to design new semiconductor, energy and advanced manufacturing materials
CuspAI builds an agentic AI platform, MIRA, that designs new materials to order, running the full cycle from generative design through simulation, synthesis planning and coordinated lab validation. The platform serves industrial and government R&D teams in semiconductors, clean energy and advanced manufacturing, where the materials needed for next-generation products do not yet exist.
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More venture news
- 19 Oct 2026

FrugaFruga secures a £1m in funding led by PXN Ventures to lower insurance renewal premiums through open banking
EquityFintech - 13 Oct 2026

SainapticSainaptic raises £1m in funding led by Cornerstone VC and Ufi Ventures for AI-assisted marking of vocational and professional qualifications
EquityEducation - 8 Oct 2026

IMMIXIMMIX raises £2.6m in funding led by Crane Venture Partners to make stablecoin payments easier for non-dollar currencies
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