Agon

Agon, a defence AI firm, has raised $30 million in seed funding from investors including XYZ, Lux Capital, and Northzone to develop Europe's sovereign defence AI infrastructure.

Summary of transaction details:

• Value: $30 million (£22.5m)
• Sector: DeepTech & AI
• Advisor: None
• Key Entities: Agon, XYZ, Lux Capital, Northzone
• Location: London and Berlin

Note: The investment in Agon reflects the growing need for sovereign defence AI capability in Europe, and the company's platform is well-positioned to support the development of autonomous weapon systems.