Welcome to June 2026’s DIGIT Deal Roundup.

As the Tartan Army returns home, Scotland has been busy with other success stories with major deals for AI firms and huge investment backing in fintech.

This month also featured major investments in research, as well as a high-profile in acquisition in critical national infrastructure.

All that, and more, coming up!

Funding

Edinburgh’s Wordsmith AI Raises $70m to Expand Globally

Edinburgh-headquartered Wordsmith AI today announced a $70 million Series B funding from Highland Europe and Index Ventures among others.

The round comes alongside an expansion of Wordsmith’s product and new enterprise customer wins, including Sage and Starling. It follows a year of rapid growth for Wordsmith which is now used by more than 500 companies, including BT, Financial Times, Safelite, Trip.com, and Canva.

Wordsmith’s momentum reflects the pace at which enterprise legal teams are rethinking how work gets done. Wordsmith will use the funding to accelerate development of its AI platform, scale towards 300 people globally by the end of the year, double down on the US market, and support growing demand from corporate legal departments looking to bring more work in-house, reduce spend on outside counsel, and measure legal’s impact across the business.

To read more, click here.

Edinburgh Fintech Aveni Raises £12m for AI Assurance Platform

Edinburgh-based Aveni has raised £12 million in a funding round led by PXN Ventures to accelerate the development of its Unified Assurance Platform and launch new products designed to assess the conduct risk of AI agents in financial services.

The round was supported by existing investors Puma Growth Partners, Lloyds Banking Group, Nationwide and Scottish Enterprise. Aveni said the investment will support further development of its Unified Assurance Platform, as well as the launch of Agent Assure and Agent Approve, which are purpose-built to assess the conduct risk of AI agents that interact with consumers in financial services.

The company, which describes itself as the UK’s leading AI fintech specialist in wealth management, financial advice and banking, has spent seven years deploying and developing AI products for the UK financial services sector. Its tools include Aveni Assist, an AI productivity product for advisers and operations teams, and Aveni Detect, an AI compliance monitoring tool used by banks, wealth managers and financial advisers.

To read more, click here.

Cambridge AI Startup CuspAI Eyes $2.6bn Valuation

Cambridge-based AI startup CuspAI is reportedly in talks to raise at least $400 million in a funding round backed by Jeff Bezos’s family office, in a deal that would push the company’s valuation to $2.6bn.

According to a Financial Times report, investors in the round include Silicon Valley venture capital firm Kleiner Perkins and Bezos Expeditions, the family office of the Amazon founder. Term sheets have reportedly been signed, though the deal has not yet formally closed.

The financing would represent a meteoric rise in valuation for the two-year-old company, which was valued at $520 million in September 2025. CuspAI has previously raised more than $220 million from investors including Singaporean sovereign wealth fund Temasek and venture capital firm NEA.

To read more, click here.

Dumfries-based VASO Global Gains £5m Funding Boost

An industrialised construction company which has developed innovative technology to build homes from recycled glass panels has secured more than £5m in funding to help it tackle the UK’s housing crisis.

VASO Global is a world-leading housebuilding innovator which takes waste glass and converts it into high-performance structural composite panels capable of delivering rapid, low-carbon, modular homes and buildings.

The company combines digital design, integrated manufacture and semi-autonomous construction, to provide affordable, thermally efficient, low-carbon homes which are swift to construct, enabling it to respond to the UK’s need to build more homes more quickly.

VASO Global, based in Dumfries, has secured £1.4m seed investment from PXN Ventures along with £621k from Scottish Enterprise. The company has also secured a £2m loan approved by Innovate UK Loans Limited, a division of UK Research and Innovation (UKRI), and £800k from ECO GROUP which will be the delivery partner for the initial VASO Global build projects.

Investment 

AMD Invests £2BN in UK AI Innovation and Research

AMD is investing up to £2 billion into the UK over the next five years to boost AI research and innovation with expanded compute resouces.

AMD CEO and chair Dr Lisa Su announced a series of investments into the UK at London Tech Week, as well as collaborations aiming to support the UK’s AI ambitions with access to the foundational computing this transformation requires.

“The United Kingdom has the talent, research excellence and ambition to help lead the next era of AI,” Su said.

The funding and collaborations will accelerate research and public-sector innovation with advanced computing power.

To read more, click here.

Scotland Backs Fintech with £3.18M in Funding

The Financial Regulation Innovation Lab (FRIL), the UK’s centre of excellence for innovation in technology to efficiently meet financial regulation requirements, has secured £3.18 million from Scottish Enterprise to deliver three years of the award-winning programme.

The funding will deepen collaboration amongst academia, industry and regulators, and further accelerate the adoption of responsible technology-driven innovation in financial services, supporting the sector’s competitiveness and that of the economy.

Led by FinTech Scotland in partnership with the University of Strathclyde, FRIL will accelerate the adoption of new solutions enabling fairer financial futures and supporting technology innovators to scale their businesses.

To read more, click here.

James Hutton Institute Hutton awarded £40,000 to create interactive digital models

Researchers at The James Hutton Institute, Scotland’s pre‑eminent interdisciplinary research institute for sustainable land, crop and nature management, have been awarded £40,000 by the Macaulay Development Trust to create interactive 3D representations of Scottish landscapes using cutting-edge data and immersive technology.

The project, titled ‘3D GIS and GeoAI for coherent, scalable interactive landscapes’, will explore how the nation’s terrain can be better understood, visualised and discussed through interactive 3D mapping.

To create the virtual landscapes, researchers will use data from the Scottish Government’s new Scotland-wide LiDAR programme. This groundbreaking initiative captures landscapes in centimetre-level resolution by using aircraft-mounted lasers to fire pulses down to the ground. These pulses are then reflected back up, and the time taken for the pulse to return to the aircraft is used to calculate the distance to the ground below.

Acquisitions

Glasgow’s Westica Acquired By CNI Firm Serbus

Glasgow based Westica Communications Limited (Westica) has been acquired by Serbus, the provider of secure Critical National Infrastructure (CNI) networking and communications solutions for an undisclosed sum. Westica are deep technical specialists in the design, deployment and support of microwave and UHF/VHF radio networks, critical communications systems, cyber-secure networking, and infrastructure solutions.

Serbus is backed by Aliter Capital, the private equity ‘buy and build’ specialist with offices in Glasgow and London. Westica is the fourth acquisition by Serbus since December 2022.

Founded in Glasgow in 1994, Westica offers more than thirty years of experience in the provision of specialist secure radio network communications. Westica have built an outstanding reputation as a trusted provider of wireless communications, critical network infrastructure and secure connectivity solutions for customers operating in some of the UK’s most demanding environments across CNI, utilities, ‘blue light’ services, government, transport, oil & gas, and enterprise sectors.

To read more, click here.