News - For Business

Model ML, an AI automation platform for financial services, secured a $75 million Series A round to streamline workflows. The London and New York-based startup, founded by the Englander brothers, plans global expansion and will enhance its AI capabilities with this funding.

Netherlands-based Social Links secured $3 million to advance its AI-driven digital risk protection tools for businesses. The AI agents counter AI-driven crime and fraud across social media and messaging services to secure brands and assets.

Model ML, an AI workflow automation platform, secured €65 million to accelerate its global expansion and boost AI capabilities. The Series A funding, led by FT Partners, will help the London-based company expand across key financial hubs.

Revolut, the London-based fintech, secured a €65 billion valuation after a share sale boosted its global bank ambitions. The FinTech heavyweight's valuation increased, with investments from Andreessen Horowitz, Franklin Templeton, and NVentures.

Social Links secured €2. 6 million in follow-on funding to enhance its AI tools for detecting fraud and misinformation....

Revolut's valuation surges to $75 billion after a secondary share sale that brought in Nvidia and Andreessen Horowitz. This increase cements Revolut as Europe's most valuable private tech firm, with over 65 million customers and £3....

Brussels launches the AI Act Service Desk to help organizations understand and implement the EU's AI regulations. The platform provides clear explanations, practical tools, and expert support for governments, businesses, and other stakeholders.

WhatsApp launches interoperability, enabling users to chat with other messaging apps within its platform. This feature rollout, driven by European regulations, allows users to communicate with other platforms directly from WhatsApp, despite not being available to all users yet.

Flexion, a Zurich-based robotics intelligence startup, secured €43 million in Series A funding to build the "brain" for humanoid robots. The investment, led by DST Global Partners, fuels the company's mission to create an intelligence stack for robots that can work alongside humans.

Sencillo, a London-based FinTech, secured over €397k to launch a platform to help parents plan and manage education finances. The pre-Seed funding joins €47 million in FinTech investments across Europe this year.

Dutch online grocery store Picnic secured €430 million from existing investors to fuel its expansion in Germany. The funding will also help Picnic grow into other unnamed markets, serving two million customers across 200 locations.

Berlin-based NexDash secured €5 million in seed funding to build Europe's first "Neo-Carrier" for electric trucks, aiming to digitize zero-emission freight. The funding, led by Extantia Capital, accelerates the shift from diesel fleets to electric, starting with Germany.

French startup MuchBetter. ai secured €4 million to enhance workforce performance using AI-based conversation simulations....

Spanish venture capital firms are closing new funds, signaling growth in the country's startup ecosystem, with €120M from Armilar for DeepTech. Armilar targets B2B startups in AI, cybersecurity, fintech, and more, while 4Founders Capital's third fund reached €134 million.

NexDash launches an AI-powered platform for electric trucking after securing €5 million in seed funding to electrify Europe's fragmented road freight sector. The Berlin-based startup will use the funds to finance acquisitions and charging infrastructure.

Meta must pay €479 million after losing a GDPR battle initiated by a Spanish media association over data usage. The suit, which was filed in late 2023, originally sought €550 million from the tech giant.

Ukrainian cybersecurity startup SOC Prime secured new investment to accelerate its AI-driven threat detection platform. The company, trusted by over 11,000 organizations, will use the funding to expand its US presence and tailor its 600,000+ detection library to each customer.

PolyModels Hub, a biotech software firm, secured a £7 million Series A investment to reshape how medicines are developed. The company uses AI and data-driven workflows to accelerate drug design, with plans to expand its engineering teams and platform globally.

Berlin-based health tech firm Mirantus Health secured €5. 5M to scale its software platform, mira, for faster eye screening....

The EU's AI Act, which entered into force in August 2024, is criticized for hindering innovation and hindering competition in the AI sector. Critics argue the regulation slows down progress in a field where the US and China are rapidly advancing.