News - For Business

London-based Monq launches its AI negotiation platform for enterprises, securing $3M in pre-seed funding. The platform utilizes AI to automate high-value supplier contracts, potentially reducing costs by up to 40% in early pilots.

Latvian software quality engineering firm TestDevLab was acquired by US-based Xoriant to support international expansion and enhance its quality engineering capabilities. This acquisition reflects the ongoing consolidation within the QA sector, driven by a need for deeper expertise in AI-driven automation and safety testing.

Brussels launches the first "Apply AI" webinar, focusing on AI's impact on healthcare and pharmaceuticals. The event will livestream on December 9th, with a recorded version and slides available afterward.

SportAI, a B2B sports tech company, secured €2. 6 million for its AI-powered performance insights platform, backed by tennis star Casper Ruud....

Zurich-based Cerrion secured €15. 6 million in Series A funding for its AI video-agent platform, aiming to resolve production line issues in real-time....

Swiss-founded Cerrion secures $18M to expand its AI video agent platform across Europe and the US, aiming to reduce factory downtime. The company's technology, already used by major brands, could help manufacturers resolve problems up to 50% faster.

Irish startup AI One secured $11 million to bridge the AI context gap by connecting to existing systems. The company's platform extracts context from fragmented data for enterprise AI models.

BKN301, a fintech architecture provider, expands its Series B to £29 million and acquires UK-based Planky to bolster its AI-driven financial analytics. The acquisition integrates Planky’s machine learning models into BKN301's platform, accelerating its digital banking architecture across EMEA.

SportAI, a B2B sports tech company, secured a $3 million funding round led by Altitude Capital and tennis star Casper Ruud. The AI-powered video analysis platform uses machine learning to provide performance insights via its SaaS platform.

Juo, a Warsaw-based startup, secured €4 million in seed funding to expand its platform for physical product subscriptions. The company's technology supports over 500,000 active subscriptions across hundreds of clients, with plans to enhance capabilities for developers and AI integration.

BKN301 Group, a UK-based FinTech architecture provider, secured €32 million and acquired Planky, an AI-driven financial analytics firm. The funding and acquisition will strengthen BKN301's next-generation FinTech infrastructure to expand across emerging markets.

A new phishing scam targets users of the parking app Telpark, attempting to steal banking information. Cybercriminals are sending emails falsely claiming account suspension due to unpaid fees, directing users to a fake payment portal.

Revolut, the London-based fintech, achieved a staggering $75 billion valuation, solidifying its position as Europe's most valuable startup. The valuation comes after a share sale involving major tech investment funds, and the company now has over 65 million global customers.

Kaspersky is offering its Small Office Security package with a 15% discount for Black Friday, now available for €174. 02 with a discount code....

London-based HubBox secured €6. 8 million in growth funding to expand its out-of-home delivery software for e-commerce retailers....

European VC funds unveil a report highlighting the Eastern frontier as a critical deeptech engine for defense innovation. Tough-tech ventures in ten nations now account for 16% of startups, with significant investment in quantum and space technologies.

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.