Core Insights - Artificial Labs has successfully completed a Series B funding round, raising $45 million (£32.79 million) to enhance its digital broking and underwriting technology [1] - The investment was led by CommerzVentures, with contributions from Move Capital Fund I and existing investors such as Augmentum Fintech, 6 Degrees Capital, FOM, and TrueSight Ventures [1] Company Overview - Artificial Labs specializes in providing technology solutions for the specialty and commercial insurance sectors, focusing on improving workflow management and system integration for brokers and carriers [3] - The company is based in London and plans to double its size within the next 12 months, indicating strong growth ambitions [2] Market Strategy - The company aims to expand into the US market by 2026 while continuing to strengthen its presence in London [3] - Co-founder David King emphasized that the new funding will enable the company to scale effectively and support the modernization efforts of large brokers and carriers [4] Investment Rationale - CommerzVentures highlighted the unique combination of deep insurance expertise and engineering talent at Artificial Labs, positioning the company to address long-standing efficiency issues in the insurance market [2]

Core Insights - Pratt & Whitney has partnered with PBS Group to develop a next-generation auxiliary power unit (APU) for both commercial and military applications, enhancing performance and reliability [1][3][5] Company Developments - The collaboration is supported by the Czech Ministry of Defense, aiming to strengthen the innovative potential of the Czech defense industry [2][3] - PBS Group is recognized as a unique player in the Czech Republic and globally, showcasing the capabilities of Czech industry through this partnership with RTX [3][6] Product Features - The new APU is expected to have the highest power density in the market, providing maximum performance while being smaller and lighter than traditional models [4][5] - It will enable new aircraft design opportunities and enhance capabilities across military and commercial applications, including additional electrical power and improved thermal management [5][6] Industry Context - There are only four companies globally authorized to develop and certify civil APUs, with PBS Velká Běteš being one of them, highlighting the significance of this collaboration [6] - RTX has a long history in APU production, leveraging its experience in gas turbine engines to drive innovation in both commercial and military propulsion solutions [7][10]