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STACKUP: The Stack's weekly tech startups and funding wrap

Swiss satellite company SWISSto12 is building satellites with 3D printers as Europe vies for growth in the space sector. AI platform Fireworks reached a $17.5 billion valuation after a $1.5 billion Series D, while Emergent and CuspAI also achieved $1 billion+ valuations. Major funding rounds were announced for startups in hardware, robotics, AI employees, and quantum internet.

read1 min views1 publishedJul 20, 2026
STACKUP: The Stack's weekly tech startups and funding wrap
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Welcome to The Stack’s weekly round-up of the latest startups, scaleups, and funding news. (Want us to include your milestone in the next wrap-up? Get it to Noah Bovenizer here with the story in 50 words or fewer.)

This week, as Europe vies to stake its claim in the rapidly growing space sector, Swiss satellite company SWISSto12's CFSO Fredrik Gustavsson chats to The Stack about its place in all that, and why it involves building satellites with 3D printers.

Also, AI platform Fireworks is now worth $17.5 billion after upping its valuation with a $1.5 billion Series D, less than four years after launching. There are also $1 billion+ valuations for Emergent and CuspAI, and major rounds for startups working on hardware, robotics, AI employees, and a quantum internet.

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source & further reading
thestack.technology — original article Fireworks crossed $1 billion in annual recurring revenue, but what does it actually do? Hugging Face hacked: Turned to Chinese LLM for help after US models blocked Blue Team Runtime: Thinking Machines gets an idea; AWS now supports Azure (kind of)
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