OpenAI and Hugging Face angels back Hungary's "highest-ever" pre-seed funding round

Hungary's burgeoning tech scene has witnessed a landmark achievement with Allonic, a robotics hardware startup, securing the nation's largest-ever pre-seed funding round. This significant investment, totaling $7.2 million, underscores growing confidence in European innovation within the competitive global technology landscape. The round was spearheaded by Visionaries Club and Day One Capital, attracting notable angel investors from prominent AI entities like Hugging Face and OpenAI, signaling international recognition of the startup's potential. Allonic's innovative approach focuses on revolutionizing the manufacturing of robot bodies, addressing inefficiencies inherent in traditional assembly methods. The company's proprietary 3D Tissue Braiding technology offers a radical departure from laborious manual construction, replacing individual components with an automated, scalable system. By weaving tailored robotic "tissues" directly onto a skeletal core, inspired by the strength of braided ropes, Allonic aims to create more robust, compliant, and cost-effective robotic systems. This breakthrough has far-reaching implications for the robotics industry, potentially accelerating development cycles from weeks to minutes and removing manufacturing constraints that have long hindered hardware innovation. With successful pilot projects in electronics manufacturing and strong interest from the humanoid robotics sector and major tech firms, Allonic is poised to reshape how robotic hardware is designed and produced, fostering greater agility and creativity for developers.
Curated and translated by Europe Digital for our multilingual European audience.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.
