News - For Business

French AI startup Mistral secures $830m in debt financing. The company plans to build cutting-edge European data centers with 200MW capacity by 2027.

Finnish quantum unicorn IQM secures €50 million from BlackRock. The funding accelerates technology development and market entry, ahead of plans for a public listing.

ShinyHunters claims responsibility for a data breach of the European Commission, accessing over 350GB of sensitive material. The stolen data includes mail server dumps, databases, and confidential documents.

Mistral AI secures $830M debt to build its first French data centre, acquiring 13,800 Nvidia GPUs. The French AI startup aims for European AI autonomy, competing with US rivals.

European tech startups secured over €850M across 55 funding rounds last week. Over 15 exits and M&A deals were also recorded, showcasing significant activity across the continent.

French AI firm Mistral AI secures $830M in debt from seven banks to fund its new data centre near Paris. The facility, operational by Q2 2026, is a key part of its European compute sovereignty strategy.

Luxembourg's TerraSpark raises over €5 million for space-based solar power technology. The startup aims to harness solar energy from orbit and deliver it wirelessly to Earth.

Bochum-based deeplify raises €2 million to digitise critical infrastructure inspections. The AI startup will use the funding to modernise asset integrity management workflows, moving away from manual processes.

The European Commission confirmed a cyberattack after hackers claimed to have stolen significant data from its cloud storage. This incident raises concerns about the security of sensitive EU data held by the executive body.

Kandou AI secures $225M Series A to tackle AI memory bottlenecks. Kobalt is sold for €1....

European tech firms launch Euro-Office, a Microsoft-alternative suite for documents, spreadsheets, and presentations. This community-driven initiative aims to provide genuine digital sovereignty and full compatibility for European public administrations and enterprises.

German AI startup CNTR hires Apple engineer Alejandro Molina as CTO, relocating from the US. The new firm, founded by Aleph Alpha's ex-CEO, focuses on human-AI collaboration in industrial applications.

Qumulo launches Cork hub to build AI-scale data backbone, creating 50 R&D jobs. The expansion will focus on managing colossal datasets for AI-driven businesses.

Brussels is investing in AI-powered legal workflow automation across the continent. This technology aims to streamline compliance and operations amidst increasing regulatory scrutiny....

PaperShell secures up to €40. 3 million from the EU Innovation Fund for a new factory....

European lawmakers delay EU AI Act compliance until December 2027 and August 2028 for high-risk and sector-specific systems. They also backed proposals to ban nudify apps.

The EU's digital euro initiative is prioritizing sovereignty, excluding US cloud giants. This move signals a push for domestic control over crucial digital infrastructure.

OpenUp secures €20M to scale its anonymous employee mental health platform for 2,000 organizations. The Amsterdam startup expands across five European markets, offering direct access to psychologists and counselors.

Berlin-based n8n, an automation platform, discusses its growth and fair-code approach in a podcast interview. The company highlights the importance of openness and community-driven technology in the fast-moving AI landscape.

The European Commission preliminarily found Pornhub, Stripchat, XNXX and XVideos in breach of the Digital Services Act for failing to protect minors. The platforms must now respond to the Commission's findings regarding child exposure to pornography.