News - For Business
Daily digest of all European digital development news
Berlin-based Angel Invest close €40 million Fund III targeting angel to Seed stages
Berlin-based Angel Invest closes €40 million Fund III, exceeding its target. The fund will invest in angel, pre-Seed, and Seed stage companies, building on its portfolio of over 110 backed startups.
Polish SpaceTech startup Sybilla exits bootstrapped orbit with over €8 million to strengthen space monitoring
Polish SpaceTech startup Sybilla Technologies secures over €8 million to enhance its space monitoring capabilities. The funding will expand its sensor network and analytical services, deepening cooperation with partners across Europe.
Meta Partners With Reliance for First India AI Data Center
Meta clashes with the EU Commission over blocking rival AI bots from WhatsApp Business. The skirmish highlights ongoing tensions regarding platform access and competition within the European digital market.
Hamburg-based Generation Tech Partners launches €50M AI roll-up fund
Hamburg-based Generation Tech Partners launches a €50M AI roll-up fund to acquire German SMEs. The fund aims to revamp these companies with AI, creating larger entities for eventual sale.
The ECB moved to rein in Revolut’s ‘self-guided missiles’, just as a share sale values it at $115bn
The European Central Bank restricted Revolut from launching new products across the European Economic Area due to concerns about its rapid approval processes. This intervention had not been previously disclosed.
Polish FinTech paymove secures €2.12 million to drive European expansion
Polish FinTech paymove secures €2. 12 million to build payment infrastructure for AI agents and expand into Western Europe....
Commission publishes Code of Practice on marking and labelling AI-generated content
The European Commission launches its final Code of Practice on marking AI-generated content. The voluntary code aids providers in meeting AI Act transparency obligations, requiring clear labelling of deepfakes and AI-manipulated public interest content from August 2, 2026.
Brussels' datacenter efficiency scorecard may come with a credit warning
Brussels delays datacenter efficiency ratings, risking credit for operators and lenders. The EU's proposed A-to-G scale faces industry criticism over climate diversity and stalled implementation.
French surgical AI startup Uncovr raises €6 million to turn surgical video into clinical records
Paris-based Uncovr raises €6 million for its surgical AI that transforms operative video into clinical records. This funding fuels development of foundational datasets for scaling surgical knowledge transmission and application.
EU orders Meta to open WhatsApp to rival AI chatbots
The EU orders Meta to open WhatsApp to rival AI chatbots, preventing 'irreparable harm to competition.' This move addresses the growing market for AI integration within messaging platforms.
Info session - Code of practice for transparency of AI-generated content & signature process
The AI Office is hosting an info session on June 22nd to present the Code of Practice for transparency of AI-generated content and its signature process. Interested signatories must register by June 18th to receive further details.
Office EU: what it is, what it includes, and how much the European alternative to Microsoft 365 and Google Workspace will cost
Office EU launches as a European alternative to Microsoft 365 and Google Workspace, prioritizing data privacy within the EU. The Dutch-based suite, built on Nextcloud Hub and integrating Collabora Online, aims to keep user data in Europe and out of reach of US CLOUD Act access.
Granarium raises €1M+ to commercialise renewable supercapacitors for grid stability
Granarium Technologies raises €1M+ for grid-stabilizing supercapacitors, addressing increasing EU grid volatility. The company's nanocellulose tech offers scalable, locally producible storage to meet EU requirements and renewable energy transitions.
Finnish Skyfora raises €6.5 million to quicken deployment of atmospheric sensing network
Finnish Skyfora secures €6. 5 million to expand its AI-powered atmospheric sensing network....
EU AI Act – the high-risk classification guidelines explained
The EU AI Act's draft guidelines for high-risk classification were released. Dentons Ireland legal experts assess when AI systems will fall under these new regulations.
The US wants NATO allies to spend their new defence budgets ripping out Huawei
US officials urge NATO allies to use defence budgets to rip out Huawei equipment. Joshua Young stated last month that allies should leverage defence funding for this purpose.
EU trade chief wants a new tool to break Europe’s dependence on Chinese chips and rare earths
Brussels seeks a new tool to force companies to diversify chip and rare earth sourcing. EU trade chief Maroš Šefčovič proposed the instrument to cut dependence on single suppliers, especially China.
“Huge wave coming over financial services industry,” says boss of “Europe’s first AI-native bank”
German fintech Solaris aims to become "Europe's first AI-native bank" after a strategic repositioning. The Berlin-based company is rebuilding its processes with AI, leveraging LLMs and in-house tech, which led to a 20% workforce reduction.
EDIH Summit 2026: Strengthening the AI Innovation Ecosystem
The EDIH Summit 2026 will convene the European Digital Innovation Hubs network and EU institutions to analyze Europe's AI ecosystem functionality. The event aims to strengthen the AI innovation ecosystem across the European Union.
More digital autonomy with the Tech Sovereignty Package
The European Commission unveiled the Tech Sovereignty Package, aiming to bolster European AI, cloud, and semiconductor capabilities. This package introduces new legislation and strategies to reduce reliance on non-EU suppliers and foster digital autonomy.