News - For Business
Daily digest of all European digital development news

QuantumDiamonds invests over €150M for quantum chip inspection facility
QuantumDiamonds will invest over €150 million in a German facility, supported by the European Chips Act, to produce quantum-based chip metrology systems. The facility will produce advanced inspection tools for chip defects with initial deployments already completed in Europe.

There are people investigating if AIs are better hackers than human hackers. And we do not have very nice news
AI hackers are approaching, and may soon surpass, human hackers, according to a Stanford University study. Researchers pitted an AI hacking bot, Artemis, against professional ethical hackers, revealing the AI's potential in cybersecurity threats.

Elvy raises €500M for next-gen energy, Tekpon buys TNW, and €4.6B funding as fintech dominates November
Tekpon, a SaaS marketplace, acquired TNW, a media company, in a notable move for the European tech scene. This acquisition, along with other funding rounds, signals a vibrant month with over €1....

Backed by Nordic VCs, CYBRET AI bets on autonomous systems to redefine cyber defence
CYBRET AI, an autonomous cybersecurity lab, launches from stealth, aiming to redefine cyber defense with its AI-powered systems. The company is backed by Nordic venture funds and led by a young cybersecurity expert.

Fortnite only had one space left to conquer: the Android store. The law has ended up giving it the reason
Fortnite returns to the Android store in the US after a legal battle against Google's monopoly, marking a victory for Epic Games. The game's re-emergence follows a court order, though global expansion awaits final approval.

WhatsApp brings the big update of the season: the most important change is not on the mobile, but on the computer
WhatsApp rolls out significant updates, including a new voicemail feature, enhancing its calling capabilities for users. The new 'Missed Call Messages' feature enables users to leave video or audio messages when calls go unanswered, offering a more complete phone-like experience.

New StepUp Startups report: Scaling Europe’s open-source AI landscape
A new report highlights how open-source AI can boost European competitiveness and strengthen digital sovereignty. More than half of developers regularly use open models, datasets, or tools, and the EU's Apply AI strategy aims to increase AI adoption across its firms.

Antwerp-based XFA raises €1.5 million to tackle this critical blind spot in modern workplace cybersecurity
Antwerp-based cybersecurity firm XFA secured €1. 5 million in seed funding to expand its platform....

Mollie buys GoCardless in €1.05bn deal
Dutch payments firm Mollie acquired UK fintech GoCardless in a €1. 05 billion deal, creating a "payments powerhouse" to serve 350,000+ businesses....

As bird protection becomes a wind-industry priority, Spoor secures €8 million to meet rising demand
Spoor, an Oslo-based startup, secured an €8 million Series A round to support its AI-powered wildlife monitoring for wind farms. The funding will allow expansion of its bird and bat monitoring software, used by wind developers and operators, with a database of over 1 million bird observations.

Pre-seed funding fuels Lynk’s expansion of AI-driven contract control platform
Rotterdam-based Lynk secured pre-seed funding led by Curiosity VC to expand its AI-driven contract management platform. The platform automates audit tasks and identifies risks, aiming to reshape how organizations manage contractual obligations.

London-based Yonda Tax lands €12 million to scale operations and extend coverage across new tax jurisdictions
London-based Yonda Tax secured €12 million to expand its tax automation platform across new jurisdictions. This funding round will enhance platform features and functionality to simplify cross-border tax compliance for businesses.

Belgian TMS startup Qargo secures €28 million to scale operations and product development
Belgian TMS startup Qargo secured €28 million in Series B funding to scale its operations and product development. The investment follows rapid expansion across European logistic hubs, bringing the total investment to €46 million.

Zilch bags payments licence
Zilch, the UK BNPL fintech, secured a payments services license from the FCA, reducing its reliance on third parties. This move allows Zilch to build more payment methods in-house and follows its strengthened ties with Visa, ahead of its Zilch Pay rollout next year.

FICUS secures €3M to expand its clinical documentation platform
Berlin-based AI healthtech startup FICUS secured €3M in seed funding to expand its clinical documentation platform. The platform automates processes for rehabilitation clinics, reducing administrative workload by up to 70% and is already used by around 1,000 professionals daily.

EU-Startups Podcast | Episode 148: Karim Saleh, Co-founder and CEO of Cerrion
Cerrion, a Zurich-based AI startup, deploys agentic AI to monitor factory lines, preventing safety issues and downtime in real-time. The technology helps factories resolve issues 50% faster, and has secured $23 million in funding since its 2021 founding.

Qargo expands AI-driven transport management with $33M Series B
Qargo, the AI-driven transport management system, secured $33 million in Series B funding to expand across European logistics hubs. The cloud-based platform automates tasks and has helped customers reduce administrative time by up to 75%, processing over £1....

Zentio raises €1.4M for AI-native production planning
Berlin-based Zentio secured €1. 4 million in pre-seed funding, spearheaded by HTGF, to fuel its AI-native production planning platform....

Internxt AI debuts as Europe’s answer to ChatGPT — with total user anonymity
Spanish tech company Internxt launched Internxt AI, a secure and anonymous alternative to ChatGPT, prioritizing user privacy. The European AI tool, hosted on EU servers, ensures compliance with GDPR and the upcoming AI Act.

Trendtracker raises $7M to scale its AI strategic intelligence platform
Belgian AI startup Trendtracker secured $7 million in Series A funding to scale its AI-powered strategic intelligence platform. The platform, used by Siemens and P&G, helps organizations monitor trends and make forward-looking strategies, aiming to predict the future for businesses.
