News - For Business
Daily digest of all European digital development news
How smart policies can strengthen Europe’s startup ecosystem and boost economic growth
European startups face challenges in the current tech landscape, particularly compared to the US and China, with innovation-dampening factors such as high taxes and bureaucracy. Fundraising hit a record low in the first half of the year, though some sectors like AI saw investment....
Gotcha! French cybersecurity startup MokN tricks attackers into surrendering stolen credentials, raises €2.6 million to expand to the U.S.
MokN, a Paris-based cybersecurity startup, secured €2. 6 million in seed funding....
OpenAI signs with Samsung and SK Hynix for a potential chip demand of 900,000 wafers per month. It's an absurd figure
OpenAI has reached agreements with Samsung and SK Hynix to bolster its "Stargate" project, aiming for a potential demand of 900,000 DRAM wafers monthly. This collaboration involves strengthening memory production and exploring new data centers in South Korea....
Amsterdam’s Saga raises over €1.5 million to expand its lawyer-centric AI platform across Europe and Latin America
Dutch LegalTech startup Saga secured over €1. 5 million in a Seed round from Dutch and Norwegian investors to expand its AI platform internationally....
London-based Simple Life raises over €33 million in a Series B round backed by Kevin Hart to scale its AI health coach
London-based AI health coaching app Simple Life secured over €33 million in a Series B round. The funding, led by Hartbeat Ventures and Liquidity, will support the expansion of its AI capabilities....
fan3 raises $5M from Improbable to fix broken ticketing
fan3, an entertainment tech company, secured $5 million in funding from Improbable. Their platform aims to improve ticketing fairness, combating bot activity and scalping to ensure real fans can access events....
fan3 raises $5M from Improbable to fix broken ticketing
fan3, an entertainment tech firm, secured $5M from Improbable to combat ticketing fraud and scalping in the live events industry. The platform integrates with existing ticketing systems, using digital passes and blockchain to prioritize genuine fans and offer exclusive perks.
Amazon and Google have buried their voice assistants at the same time
Amazon and Google are both updating their voice assistants, Alexa and Google Assistant. This comes as both companies are racing to replace their classic assistants with conversational versions, driven by large language models....
Copenhagen-based 55 North announces €134 million first close for record €300 million quantum technology fund
Copenhagen-based venture capital firm 55 North announced the first close of its €300 million inaugural fund, raising €134 million. The fund, backed by Novo Holdings and EIFO, is positioned as the world’s largest dedicated quantum technology fund....
Simple Life lands $35M to scale its AI health coach
London-based Simple Life secured $35 million in Series B funding, led by Hartbeat Ventures. The company's AI-powered health app offers personalized plans and real-time insights to support weight loss....
Rented cars will be delivered by "gamers" in Germany
A German company plans to have rental cars delivered by remote drivers, who are described as "gamers. " The drivers will operate the cars using a steering wheel and headsets, viewing their surroundings through multiple screens....
Denmark launches the world’s largest quantum fund
Denmark has launched a €300 million quantum technology venture capital fund, 55 North, which has already secured €134 million in its first close. The fund is the largest of its kind and is backed by the Export and Investment Fund of Denmark (EIFO), Novo Holdings, and others....
Denmark launches the world’s largest quantum fund
Denmark launches the world's largest quantum technology venture capital fund, 55 North, with a first close of €134 million. The fund, backed by EIFO and Novo Holdings, will invest globally in quantum tech, including IQM and Kiutra.
Nscale Raises $433M Days After Record $1.1B Series B
Nscale, an AI infrastructure provider based in London, has secured additional funding. This follows their recent record-breaking $1....
European tech funding surges 163% in September, hitting €8.4 billion
European tech funding surged 163% in September, reaching €8. 4 billion, driven by AI investments and a massive deal for Mistral....
European tech funding surges 163% in September, hitting €8.4 billion
European tech funding experienced a significant surge in September, increasing by 163% to reach €8. 4 billion....
Thought Machine raises £45M as losses increase
Thought Machine, a UK-based cloud-based banking services provider, secured a £45 million funding round in July. The funding will support the company's growth and further product development, according to recent filings....
Thought Machine raises £45M as losses increase
London-based fintech Thought Machine secured a £45M funding round despite increased losses. The cloud-based banking services provider plans to use the funds to grow and invest in product development, although losses rose to £69....
London-based Lupa raises over €17 million aiming to transform the Petcare Market
Lupa, a London-based petcare technology company, has secured over €17 million to expand its AI-driven veterinary software across Europe. The company plans to launch a Veterinary AI Lab, focusing on creating AI tools for pet care and setting ethical AI standards in the field....
Netherlands-based OpusFlow raises €3.8 million to expand automation platform for renewable energy installers
Netherlands-based OpusFlow secured €3. 8 million in funding to expand its automation platform for renewable energy installers....