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Bloomberg: UK AI chips start-up Fractile could raise $600m AI chip start-up Etched raises $700m at $21bn valuation Gravis Robotics a Swiss unicorn after $200m raise Nvidia-backed CodeRabbit valued at $1.5bn after $143m funding round Sweden's Lovable valued at $13.3bn with Scaleup Europe Fund backing Coding start-up Cognition eyes $40bn valuation in new round - Bloomberg Irish co-founded legal-tech Wordsmith extends Series B to $84m Top Google minds quit to build AI that accelerates research AI cloud start-up Volta valued at $2.4bn, inks $10bn Anthropic deal Derry tech founder wins £75k Innovate UK Women in Innovation Award Finnish space-tech Iceye bags €300m from Scaleup Europe Fund EU’s $5bn Scaleup Europe Fund to begin backing companies Irish co-founded crop science start-up Wild Bio acquires F1 Seed FT: Germany’s The Exploration Company eyes $2bn valuation Irish co-founded agritech start-up Moa closes £22.2m Series C round Spain's Multiverse Computing raises $570m at $1.7bn valuation Samsung in talks to back France's Mistral at €20bn valuation - FT UK-based Humanoid secures $152m Series A funding Cambridge's CuspAI launches AI Materials Foundry, confirms $450m raise European start-ups have best quarter in four years, finds Crunchbase Munich-based fusion energy start-up Proxima raises €411m Limerick operations AI start-up WrxFlo raises €3m Jentic, Spryt, MenoPal among eight KPMG Global Tech Innovator nominees Dublin’s Everhaze secures €450k as AI assistant Lú launches in UK Dublin’s Pilot Photonics wins €10.4m EIC backing for photonic chip scale-up Open AI’s Sarah Friar among backers of Tapestry VC’s new ‘repeat founder’ $80m Fund III Cork medtech NeuroBell bags $5.5m for its AI neonatal monitor CroíValve adds $20m to Series B, taking round to $36m Irish space-tech Ubotica raises $11m to scale AI marine monitoring Ireland's TensorX bags €8m to build sovereign AI infrastructure
Paris-based AI company Tsuga raises $35m in Series A funding
Laura Varley · 2026-06-23 · via Start-ups – Silicon Republic

The Tsuga team. Image: Tsuga

The raise will be put towards scaling Tsuga GTM motion and accelerating the rollout of the platform’s AI agents.

Tsuga, an AI-powered observability start-up, has today (23 June) announced the raising of $35m in a Series A funding round. The round was led by existing investor Singular, with additional participation from General Catalyst, Picus, Databricks Ventures, and new investors DST Global Partners and Quantumlight.

Established in Paris in 2024, Tsuga is an observability platform built on a ‘bring your own cloud’ model. The platform enables engineering teams to take stronger control of costs, scalability and data sovereignty. 

The organisation said that the funds raised will help Tsuga scale its GTM motion and accelerate the rollout of the platform, with the aim of powering a new generation of AI agents. Among its client base are companies such as Le Monde, Camunda, Buk and Black Forest Lab.

Commenting, Gabriel-James Safar, a co-founder and the CEO at Tsuga, said: “The incumbents built good businesses on a model that no longer works. Sending your telemetry to a vendor’s cloud made sense when data volumes were manageable and AI was not writing and deploying your code. 

“Neither of those things is true anymore. Every customer we speak to is paying more for observability than they were two years ago and getting less reliable coverage. We built Tsuga to end that.”

In late May, the ‘Global Tech Ecosystem Index’ for 2026 revealed a number of European cities as being among the top 20 densest tech ecosystems in the world, according to innovation tracking platform Dealroom. 

The study tracked start-up ecosystems in 325 cities across 77 countries, measuring scale, per capita performance and growth. Among them was Paris, which stood in eighth position for scale as one of the globe’s most successful technology ecosystems. Other regions that ranked highly for various criteria included London, Tallinn, Munich, Copenhagen and Stockholm. 

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