News - For Business
Daily digest of all European digital development news
Microsoft no longer sells software: it sells inevitability
Microsoft solidifies its control of OpenAI by securing guaranteed access to current and future AI models. This deal marks the culmination of Microsoft's shift from selling software licenses to selling continuous dependence, including its subscription-based services.
"Can you summarize 50 pages of studies in five minutes": we speak with the Spanish hospitals that are already using AI
Spanish hospitals like Hospital Clínic de Barcelona are piloting AI "medical scribe" programs to automate note-taking during consultations. This frees doctors to focus on patients, potentially reversing the trend of physicians focusing on digital records rather than patients.
Ukrainian startups can raise external funding during “hard war”, says country’s newest unicorn
Ukrainian fintech firm Fintech-IT Group secured $18M from UMAEF, achieving unicorn status amid the ongoing war. This investment signals that Ukrainian startups can still attract funding, despite the challenges of attracting external investment during wartime.
Intercom expands to Berlin with new AI R&D Hub and 100 jobs
Intercom is expanding its AI-powered customer service platform with a new R&D hub in Berlin, creating 100 jobs. The new hub will focus on advancing Fin, the company's AI Customer Agent, as Intercom targets the fast-growing German market.
With 57% of German tax advisors over 50, AnyTax raises €1 million to modernise tax infrastructure
AnyTax, a Berlin-based startup, secured €1 million in pre-Seed funding to modernize tax infrastructure for financial platforms. The funding round aims to simplify tax integrations, as the company seeks to capitalize on the lag in tax service digitalization compared to other financial sectors.
Nvidia bets on AI-native 5G, 6G with $1bn stake in Nokia
Nvidia invested $1 billion in Nokia, aiming to accelerate AI-native 5G and 6G development. The partnership marks the beginning of the AI-native wireless era, according to the companies involved.
Eindhoven-based esports platform CityLegends raises €1.7M
Eindhoven-based esports platform CityLegends secured €1. 7 million to expand its street sports platform and enhance its technology....
Primaa raises €7M to accelerate product growth and international expansion
French AI software developer Primaa secured €7 million to advance its automated cancer diagnostics tools. The funding will fuel European deployment, feature development, and US expansion, including FDA certification.
Investors back Zurich-based Qala with €1.7 million to strengthen enterprise data governance in the AI era
Zurich-based startup Qala secured €1. 7 million in pre-Seed funding to develop its data observability and compliance platform....
Nvidia makes $1BN investment in Nokia
Nvidia invests $1 billion in Nokia to boost AI and cloud integration within telecoms networks and data centers. This strategic partnership involves Nvidia acquiring a 2....
30% lower IP costs drive Madrid-based iPNOTE’s €857k funding to scale its AI-powered legal platform
Madrid-based LegalTech iPNOTE secured €857k in seed funding to expand its AI-powered platform across Europe and the UK. The platform aims to streamline intellectual property management with an AI agent.
Warsaw-based SalesPatriot raises €4.2 million to modernise defense procurement and expand into Europe
SalesPatriot, a Polish-American startup, secured €4. 2 million to modernize defense procurement with its platform for critical equipment....
With €6 million in the bag, Stockholm’s Grasp looks to enhance productivity tools for financial analysts and consultants
Stockholm-based AI startup Grasp secured €6 million in Series A funding to automate investment banking and consulting work using multi-agent systems. The funding, led by Octopus Ventures, brings their total to €7....
Valencia’s Sesame secures up to €50 million through BBVA Spark’s new equity-free growth instrument
Valencia's Sesame, an AI-powered HRTech startup, secured up to €50 million in growth funding through a unique financial instrument. This allows the SaaS company to scale internationally without giving up equity, marking a shift in European tech funding.
Grasp raises $7M Series A to fuel international expansion
Grasp, an AI startup automating investment banking workflows, secures $7 million in Series A funding. The Stockholm-based company, which serves nearly 200 customers, will use the funding to expand its product and sales teams.
Desktop Commander lands €1.1M pre-seed for AI desktop automation
Latvian startup Desktop Commander secured €1. 1 million in pre-seed funding to expand its AI-powered desktop automation platform....
Builders brings in €3M to launch a new generation of AI companies
Rotterdam-based Builders secured €3 million to fuel a new generation of enterprise AI companies. The venture studio plans to scale operations, expand across Europe, and increase its annual launch rate to up to ten companies.
Main Capital backs French logistics management platform Shippingbo’s next growth phase
French logistics software provider Shippingbo secures funding from Main Capital Partners to accelerate its growth. The cloud-based platform, serving 1,000 customers, aims for international expansion and will focus on its omnichannel logistics platform.
Formalize raises €30M to advance compliance solutions across Europe
Formalize secured €30 million to expand its compliance software across Europe, helping businesses navigate complex regulations. The funding will fuel expansion into the DACH region and France, with new offices and team growth planned.
More and more workers are using AI for something: falsifying expense reports and making money from them
AI-powered image generation tools are now being used to create fake expense receipts, causing a surge in fraudulent claims. Reports indicate a 14% rise in fraudulent receipts since the launch of ChatGPT and Gemini.