News - For Business
Daily digest of all European digital development news
When ChatGPT appeared, Gonzalo was already there: this is how the Spanish Army is creating its own AI
Spanish Army's Logistics Academy is developing "Gonzalo" (GZLO), an AI model to assist military operations. This ChatGPT-like system aims to serve as an administrative assistant, focusing on security and confidentiality within the armed forces.
Paris-based Altrove raises $10M to accelerate AI-designed alternatives to critical materials
Parisian deeptech startup Altrove secured $10 million in seed funding to scale its AI-designed materials, reducing reliance on critical imported resources. The funding will allow Altrove to expand labs and grow the team, aiming for industrial-scale production within two years.
View the Referral Tree Cybersecurity Act
Brussels launched the "Doorverwijsboom" for organizations under the Cyberbeveiligingswet (Cbw) to streamline incident reporting and support. The resource provides sector-specific guidance, CSIRT contact information, and links to ten mandatory security measures.
EU-Startups Podcast | Episode 142: Julio Martinez, Co-founder and CEO of Abacum
Spanish fintech startup Abacum, led by CEO Julio Martinez, streamlines financial operations with its AI-powered platform for CFOs. The company, serving hundreds of mid-market firms across 31 countries, has raised $105 million to date.
ECB: Digital euro pilot could begin in 2027 once legislation passed
The European Central Bank plans a pilot program for the digital euro, launching in mid-2027 if legislation passes in 2026. Issuance of the digital currency could follow in 2029.
Europe preps Digital Euro to enter circulation in 2029
The European Central Bank is preparing to launch the digital euro, with plans for it to enter circulation by 2029. This digital currency aims to provide a secure and efficient means of payment for all citizens.
Bending Spoons raises $710M at $11BN, one day after buying AOL
Italian tech conglomerate Bending Spoons secured $710 million in an equity round, valuing the company at $11 billion. This follows the acquisition of AOL and fuels Bending Spoons' plans for further investment and growth.
The biggest European robotics deals in H1 2025
European robotics secured €618. 7 million across 33 deals in the first half of 2025, representing a broadening scope in the market....
Solidatus raises £5M from Salica Investments
London-based data lineage provider Solidatus secured a £5M loan from Salica Investments to boost R&D and growth. The funding will accelerate AI-enabled features to simplify data trust and regulatory compliance in the growing $20 billion data governance market.
Soft landing in Silicon Valley: how the European Startup Embassy helps CEE founders go global
European Startup Embassy launched to serve as a hub for Central and Eastern European startups expanding to the US. This new initiative aims to connect fragmented communities, offering a shared landing pad in San Francisco to accelerate global expansion.
Q.ANT secures additional investment from Duquesne Family Office, bringing total funding to $80M
Q. ANT, a German photonic processing company for AI, secured an additional investment from Duquesne Family Office, bringing its Series A total to $80 million....
"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....