VC Funding Digest
Wednesday, May 13, 2026
Covering news from · 4 rounds · aggregated from 3 sources
Venture capital activity on May 12, 2026, saw a notable focus on European AI ventures, with headlines highlighting both established players like DeepMind's spinout Isomorphic Labs and emerging companies such as Italian AI firm Webidoo. The day also featured a strong showing from academic spinouts, with 12 ETH Zurich startups preparing for Series A rounds, underscoring continued investment in deep tech innovation.
Funding rounds
DeepMind spinout Isomorphic Labs#
DeepMind spinout Isomorphic Labs raises $2.1bn
Sources:
- Sifted — DeepMind spinout Isomorphic Labs raises $2.1bn
Photonic#
Photonic secures $2-billion USD valuation after final close of $200-million financing
Sources:
- BetaKit — Photonic secures $2-billion USD valuation after final close of $200-million financing
Italian AI company Webidoo#
Italian AI company Webidoo secures €21 million to scale SMB-focused automation platform
Sources:
- EU-Startups — Italian AI company Webidoo secures €21 million to scale SMB-focused automation platform
Index Ventures backed-Adfin#
Index Ventures backed-Adfin raises €15.3 million to help businesses automate revenue collection with AI
Sources:
- EU-Startups — Index Ventures backed-Adfin raises €15.3 million to help businesses automate revenue collection with AI
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"VC Funding Digest — Wednesday, May 13, 2026." VCBacked, May 13, 2026, https://www.vcbacked.co/daily/2026-05-13. Accessed June 9, 2026.
VCBacked. (2026). VC Funding Digest — Wednesday, May 13, 2026. Retrieved June 9, 2026, from https://www.vcbacked.co/daily/2026-05-13
{{cite web |title=VC Funding Digest — Wednesday, May 13, 2026 |url=https://www.vcbacked.co/daily/2026-05-13 |website=VCBacked |access-date=June 9, 2026}}Compiled and summarized per the VCBacked methodology. Source links are unmodified and credited above.