News - For Business

Netflix was defrauded of $11 million by director Carl Rinsch, who was found guilty of the crime after receiving $61 million for a sci-fi series. Rinsch spent the funds on personal investments and luxury items, as the series "White Horse" never materialized.

German VC firm Picus Capital secured €150 million in preferred equity financing from Carlyle AlpInvest. The funding will fuel new investments and support Picus's portfolio of nearly 200 companies, including unicorns Personio and Enpal, with a focus on fintech, AI, and cybersecurity.

Neural Concept, an AI platform for product development, secured €85 million in Series C funding, backed by Goldman Sachs Alternatives. The Lausanne-based company aims to enable AI-driven design of advanced systems for cars and spacecraft.

Spanish telecom provider Digi will not raise prices in 2026, bucking the trend of competitors like Vodafone, Movistar, and Orange. The announcement contrasts with rising costs planned by the larger telecom companies for fiber and mobile services.

Lovable, an AI-native software platform, secured a massive €281 million Series B to expand its no-code app creation tools globally. The funding round values the Stockholm-based startup at €5....

Stockholm-based Endra, an AI-powered MEP platform, secured a $20 million seed round to automate building design workflows. The platform generates building-code-compliant 3D models and documentation, reducing design time by 70x.

Amazon reduced its Barcelona office layoffs from 978 to 791 employees after union negotiations. The agreement includes voluntary departures and internal relocations to soften the impact of the job cuts.

Telefónica is exiting the New York Stock Exchange after nearly four decades of trading, citing high administrative costs. The Spanish telecom giant's shares will cease trading on Wall Street in the coming days, focusing solely on the Madrid market.

Enlightra, a deeptech startup, exits stealth with $15M to develop energy-efficient lasers for AI data centers. The technology consolidates multiple lasers into one source to reduce power use, with pilot production planned for 2027.

Italian cybersecurity firm Exein secured €100 million to expand its embedded cybersecurity platform, totaling €170 million raised in 2025. The AI-enabled platform protects 1....

Italian cybersecurity firm Exein secured €100 million in funding to fuel its global expansion and product development. The new investment brings Exein's total funding in 2025 to €170 million, solidifying its position as a major player in embedded runtime security.

Cowboy, the Belgian e-bike company, secures a majority stake deal with ReBirth, injecting €15 million and restructuring finances. This partnership integrates Cowboy's digital platform with ReBirth's industrial expertise to stabilize production and support 80,000+ riders.

German AI-powered unmanned systems developer Quantum Systems acquired FERNRIDE to expand into autonomous ground mobility. This move merges two innovators in the field, following Quantum Systems' €180 million and FERNRIDE's €18 million funding rounds.

Monzo secures a European banking license, paving the way for expansion across the EU, starting in Ireland. The UK digital bank, with over 13 million customers, can now offer its banking products, including loans and mortgages, to millions more customers.

Online shoppers can enhance their security this holiday season using a VPN, a key tool for safe browsing. Surfshark offers a VPN service for only €1....

Munich-based ZeroPhase secured €5. 8 million in seed funding to advance its software-defined data links for unmanned defense platforms....

London-based AI platform Ankar secured €17 million to expand its AI-driven IP software into the US market. The funding follows a trend of increasing investment in AI-enabled legal and IP software, with a total of approximately €24....

Ankar, an AI-powered IP platform, secured a $20 million Series A round to revolutionize how innovation becomes defensible IP. The platform unifies the entire patent lifecycle, addressing fragmented tools and slow enterprise adoption.

Brussels released a first draft Code of Practice on transparency for AI-generated content. The code addresses key considerations for AI system providers and deployers, aiming for content labeling.

London-based AI-powered employee benefits platform Ben secured €23. 6 million to expand its product offerings....