News - For Business

Italian DeepTech startup Adaptronics secured €3. 15 million to develop electro-adhesive grippers for robotics in industrial automation and space....

UCD has invested €724,000 in an Nvidia supercomputer, significantly enhancing its AI research capabilities. The new system offers 50 times the performance of the university's current cluster.

Brussels kicks off work on a code of practice for marking and labeling AI-generated content to combat misinformation. The initiative, driven by the AI Act, will involve independent experts and stakeholders for seven months.

Adaptronics secured €3. 15 million to revolutionize robotic manipulation with its electro-adhesive grippers for industrial automation and space....

Paris-based Tsuga launched with €8. 7 million in seed funding to develop its AI-native observability platform....

Southern European VC firm Armilar closed its fourth fund with over €120 million to invest in European tech startups. Armilar IV targets Series A rounds, focusing on AI, cybersecurity, fintech, and other digital technology areas.

France's Tsuga launches from stealth with a $10 million seed round to modernize observability for AI. The platform promises to reduce costs and complexity for enterprise observability with a bring-your-own-cloud architecture.

Barcelona-based Kabilio secured a €4 million pre-seed round to streamline accounting via AI, aiming to automate and enhance accountant-client collaboration. The platform, used by nearly 100 firms, streamlines information exchange and boasts productivity gains of up to 50 percent.

Barcelona-based Kabilio secured €4 million in pre-Seed funding to scale its AI tools for Spanish accounting firms. This funding round, led by Visionaries Club and Picus Capital, is one of the largest pre-Seed rounds in Spain for AI accounting solutions.

UK-based Starling's SaaS business, Engine, secured a major win by signing a 10-year deal with Tangerine Bank. Engine will provide its cloud banking platform to the Canadian digital bank, a subsidiary of Scotiabank.

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 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%.

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, 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 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 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....

henQ, a Dutch venture capital firm, launches its fifth fund, securing €67. 57 million to invest in B2B software teams across Europe....

European AI funding nearly doubled from €2. 2 billion in 2021 to €4....

UK-based Vigilant AI. ai secured €665k in pre-seed funding to expand its AI teammate platform for regulated businesses....

Copenhagen-based Contribe secured €1. 3 million to expand its platform enabling charitable donations during online shopping....