Modulate
Modulate builds audio-native AI models and APIs that help developers understand voice conversations beyond their transcribed words.
$25MFunding round
ParticipantL
Lakestar
Activity from announced rounds
Activity in this selectionOct 17, 2026 · Jul 20, 2026
Lakestar is a technology investment firm with venture funds and investments across stages, placing a current strategic emphasis on Europe’s technological sovereignty and resilience.
The firm’s stated priorities include growing its existing portfolio and developing targeted investment products for critical technologies. Its team works across investment funds and a Resilience platform, supported by advisers with international security experience.
Lakestar favours a concentrated approach with fewer investments and substantial attention to each. For founders in critical technology, its framework connects the commercial business with the geopolitical and security requirements surrounding its deployment.
Sources
- Rounds participated in
- 6
- Confirmed lead rounds
- 0 3 roles undisclosed
- New companies
- 6 First participation on record · 0 follow-on
- Funding in participating rounds
- $675M 6 disclosed · full round size, not this investor’s share
By stage
By primary sector
By country
Rounds
6 in this selectionExein
Embedded cybersecurity software for device manufacturers that protects connected products from firmware vulnerabilities and malicious activity at runtime.
$270MUndisclosed
ParticipantTwin1 AI
Gives professionals AI-powered digital twins that scale their expertise securely
$20MSeed
Role not disclosedMindgard
Mindgard helps enterprise security teams find and address vulnerabilities in AI models, applications and agents.
$30MSeries A
ParticipantCambridge Aerospace
Builds counter-drone and missile interceptor defense systems
$300MSeries C
Role not disclosedAgon
Agon develops virtual environments for defence companies and governments to train and evaluate autonomous AI systems.
$30MPre-Seed+Seed
Role not disclosed