News - For Business
Daily digest of all European digital development news
Reflex Aerospace secures record €50 million as satellites deemed Europe’s “Achilles heel”
Reflex Aerospace, a German satellite platform manufacturer, secured a record €50 million Series A round. This represents the largest funding in the European New Space sector this year, driven by the need for European sovereignty in space-based intelligence.
Nvidia, Deutsche Telekom strike €1B partnership for a data center in Munich
Nvidia and Deutsche Telekom are joining forces to build a €1 billion AI factory in Munich, aiming to significantly bolster Germany's AI computing capabilities. The initiative looks to increase Germany’s AI computing power by 50%.
CMS provider Totalmobile secures new investment to scale globally
UK-based field service software provider Totalmobile secures new investment from Five Arrows and DBAG for global expansion. The backing aims to scale its technology, with FY24 revenue hitting £58 million and expansion into new markets planned.
STV and Post-Quantum partner on quantum-safe defence networks
STV, a Czech defense group, partners with British cybersecurity startup Post-Quantum to deploy a quantum-safe communications platform. The agreement will protect sensitive data and operations from emerging quantum threats across European and NATO defense markets.
Froda teams up with Triffin to provide £100M in growth capital for UK consumer brands
Froda and Triffin launch a partnership to offer £100M in growth capital to UK consumer brands. Froda's embedded finance will integrate with Triffin’s AI-powered platform to provide small businesses instant financing over the next three years.
Bulgarian unicorn Payhawk plays down Brex's European challenge
Bulgarian fintech unicorn Payhawk downplayed the impact of US rival Brex's EU launch, citing different target markets and the EU's fragmented landscape. The company, which offers spend management services, reported €23....
Why henQ chooses the roads less travelled: Inside the Dutch VC’s new €67.6 million fund for the “odd ones out”
henQ, a Dutch venture capital firm, launches its fifth fund, securing €67. 57 million to invest in B2B software teams across Europe....
Europe’s AI ecosystem: Rapid growth and rising global ambitions
European AI funding nearly doubled from €2. 2 billion in 2021 to €4....
With hopes of bridging the AI “trust gap”, Britain’s Vigilant AI.ai raises €665k for their AI teammates
UK-based Vigilant AI. ai secured €665k in pre-seed funding to expand its AI teammate platform for regulated businesses....
Amid 8.4% rise in Danish donations, Contribe secures €1.3 million to boost charitable giving online
Copenhagen-based Contribe secured €1. 3 million to expand its platform enabling charitable donations during online shopping....
Vigilant AI.ai lands £585K pre-seed for compliant 'AI Teammates'
Vigilant AI. ai secured £585,000 in pre-seed funding to deploy "AI Teammates" for regulated businesses, addressing AI compliance concerns....
Dutch startup Source.ag raises €15.2 million to scale AI software powering 300 greenhouses across 18 countries
Amsterdam-based Source. ag secured €15....
With 800 million people living with obesity worldwide, Warsaw’s Holi secures €3 million to expand its digital treatment platform
Holi, a Polish HealthTech startup, secured €3 million in seed funding to expand its digital obesity clinic across Europe. The data-driven platform will target Southern and Eastern European markets, following the lead of several other funded digital health companies.
Swiss startup mimic lands €13.8 million to deliver “robots that can finally do what people do”
Swiss robotics company mimic secured €13. 8 million in seed funding to deploy its AI-powered robots across multiple industries....
Join the new campaign Think ahead
The Dutch government launches the "Denk vooruit" campaign, urging citizens to prepare for emergencies, including digital disruptions like cyberattacks. This initiative provides resources to help people cope with potential failures of the internet and mobile networks.
octonomy raises $20M to accelerate agentic AI for complex service workflows
German AI startup octonomy secures a $20 million seed round to expand its agentic AI platform for complex service workflows. The funding will accelerate the development of digital coworkers designed to handle technical support tasks, achieving 95% accuracy and integrating within 20 days.
When ChatGPT appeared, Gonzalo was already there: this is how the Spanish Army is creating its own AI
Spanish Army's Logistics Academy is developing "Gonzalo" (GZLO), an AI model to assist military operations. This ChatGPT-like system aims to serve as an administrative assistant, focusing on security and confidentiality within the armed forces.