News

Barcelona-based Kabilio secured €4 million in pre-Seed funding to scale its AI tools for Spanish accounting firms. This funding round, led by Visionaries Club and Picus Capital, is one of the largest pre-Seed rounds in Spain for AI accounting solutions.

UK-based Starling's SaaS business, Engine, secured a major win by signing a 10-year deal with Tangerine Bank. Engine will provide its cloud banking platform to the Canadian digital bank, a subsidiary of Scotiabank.

Reflex Aerospace, a German satellite platform manufacturer, secured a record €50 million Series A round. This represents the largest funding in the European New Space sector this year, driven by the need for European sovereignty in space-based intelligence.

Nvidia and Deutsche Telekom are joining forces to build a €1 billion AI factory in Munich, aiming to significantly bolster Germany's AI computing capabilities. The initiative looks to increase Germany’s AI computing power by 50%.

UK-based field service software provider Totalmobile secures new investment from Five Arrows and DBAG for global expansion. The backing aims to scale its technology, with FY24 revenue hitting £58 million and expansion into new markets planned.

Telekom and Nvidia are building an underground AI data center in Munich to house 10,000 "Blackwell" GPUs. The facility will provide industrial AI services.

STV, a Czech defense group, partners with British cybersecurity startup Post-Quantum to deploy a quantum-safe communications platform. The agreement will protect sensitive data and operations from emerging quantum threats across European and NATO defense markets.

Bulgarian fintech unicorn Payhawk downplayed the impact of US rival Brex's EU launch, citing different target markets and the EU's fragmented landscape. The company, which offers spend management services, reported €23....

henQ, a Dutch venture capital firm, launches its fifth fund, securing €67. 57 million to invest in B2B software teams across Europe....

European AI funding nearly doubled from €2. 2 billion in 2021 to €4....

UK-based Vigilant AI. ai secured €665k in pre-seed funding to expand its AI teammate platform for regulated businesses....

Copenhagen-based Contribe secured €1. 3 million to expand its platform enabling charitable donations during online shopping....

Vigilant AI. ai secured £585,000 in pre-seed funding to deploy "AI Teammates" for regulated businesses, addressing AI compliance concerns....

Brussels faces a security threat as adtech data exposes the EU and NATO to espionage. Commercial datasets with 278 million locations, including EU officials and NATO headquarters, allow for tracking and potential spying.

Millions of Europeans' mobile phone location data, gathered for advertising, is being sold and could be used for espionage. Even top EU officials are potentially affected by this data breach, raising concerns about data protection failures.

EU officials face potential spying risks as mobile location data of millions is available for purchase. The data, collected for advertising, allows for tracking, even affecting top EU personnel.

Amsterdam-based Source. ag secured €15....

Holi, a Polish HealthTech startup, secured €3 million in seed funding to expand its digital obesity clinic across Europe. The data-driven platform will target Southern and Eastern European markets, following the lead of several other funded digital health companies.

Brussels seeks a counter-strategy against Big Tech's dominance over Europe's subsea cables. Four US corporations currently control 71% of the cable capacity, according to a new report.

Swiss robotics company mimic secured €13. 8 million in seed funding to deploy its AI-powered robots across multiple industries....