News
Daily digest of all European digital development news

Casper Ruud and Magnus Carlsen back SportAI as it secures €2.6 million for its AI performance insights
SportAI, a B2B sports tech company, secured €2. 6 million for its AI-powered performance insights platform, backed by tennis star Casper Ruud....

With factory downtime up 319%, Cerrion secures €15.6 million to scale its AI video-agent platform
Zurich-based Cerrion secured €15. 6 million in Series A funding for its AI video-agent platform, aiming to resolve production line issues in real-time....

Cerrion raises $18M to reduce factory downtime with AI video agents
Swiss-founded Cerrion secures $18M to expand its AI video agent platform across Europe and the US, aiming to reduce factory downtime. The company's technology, already used by major brands, could help manufacturers resolve problems up to 50% faster.

Irish-founded start-up AI One raises $11m to tackle AI context gap
Irish startup AI One secured $11 million to bridge the AI context gap by connecting to existing systems. The company's platform extracts context from fragmented data for enterprise AI models.

BKN301 expands Series B and acquires UK fintech Planky to advance AI-first banking
BKN301, a fintech architecture provider, expands its Series B to £29 million and acquires UK-based Planky to bolster its AI-driven financial analytics. The acquisition integrates Planky’s machine learning models into BKN301's platform, accelerating its digital banking architecture across EMEA.

SportAI closes $3M round, supported by Casper Ruud
SportAI, a B2B sports tech company, secured a $3 million funding round led by Altitude Capital and tennis star Casper Ruud. The AI-powered video analysis platform uses machine learning to provide performance insights via its SaaS platform.

Juo secures €4M to expand its platform for physical product subscriptions
Juo, a Warsaw-based startup, secured €4 million in seed funding to expand its platform for physical product subscriptions. The company's technology supports over 500,000 active subscriptions across hundreds of clients, with plans to enhance capabilities for developers and AI integration.

London’s BKN301 Group secures €32 million and acquires Planky to strengthen its AI-driven FinTech architecture
BKN301 Group, a UK-based FinTech architecture provider, secured €32 million and acquired Planky, an AI-driven financial analytics firm. The funding and acquisition will strengthen BKN301's next-generation FinTech infrastructure to expand across emerging markets.

Mail and the DGT are already very well-known, so the scammers have changed their target: an app to pay for parking
A new phishing scam targets users of the parking app Telpark, attempting to steal banking information. Cybercriminals are sending emails falsely claiming account suspension due to unpaid fees, directing users to a fake payment portal.

Europe had been asking for a major statement. Revolut has just made it with an enormous valuation
Revolut, the London-based fintech, achieved a staggering $75 billion valuation, solidifying its position as Europe's most valuable startup. The valuation comes after a share sale involving major tech investment funds, and the company now has over 65 million global customers.

More security for your company, a web page creator and a 50 euro gift for Amazon: this is Kaspersky's Black Friday
Kaspersky is offering its Small Office Security package with a 15% discount for Black Friday, now available for €174. 02 with a discount code....

Digital Omnibus: The EU Parliament Is Heading for the Next Conflict
Brussels' "Digital Omnibus" proposal, which aims to simplify digital regulations, faces strong opposition over potential weakening of AI and data protection rules. Four parliamentary factions criticize the move, setting up a potential clash with conservatives who generally support it.

Britain’s HubBox collects €6.8 million in growth funding as demand rises for pickup-point delivery options
London-based HubBox secured €6. 8 million in growth funding to expand its out-of-home delivery software for e-commerce retailers....

The eastern frontier is Europe's new critical deeptech engine
European VC funds unveil a report highlighting the Eastern frontier as a critical deeptech engine for defense innovation. Tough-tech ventures in ten nations now account for 16% of startups, with significant investment in quantum and space technologies.

London and New York-based Model ML raises $75M
Model ML, an AI automation platform for financial services, secured a $75 million Series A round to streamline workflows. The London and New York-based startup, founded by the Englander brothers, plans global expansion and will enhance its AI capabilities with this funding.

Social Links raises $3M to boost AI digital risk protection
Netherlands-based Social Links secured $3 million to advance its AI-driven digital risk protection tools for businesses. The AI agents counter AI-driven crime and fraud across social media and messaging services to secure brands and assets.

Model ML raises €65 million as its AI beats McKinsey and Bain benchmarks with under-3-minute output checks
Model ML, an AI workflow automation platform, secured €65 million to accelerate its global expansion and boost AI capabilities. The Series A funding, led by FT Partners, will help the London-based company expand across key financial hubs.

Revolut lands a €65 billion valuation after latest share sale fuels global bank ambitions
Revolut, the London-based fintech, secured a €65 billion valuation after a share sale boosted its global bank ambitions. The FinTech heavyweight's valuation increased, with investments from Andreessen Horowitz, Franklin Templeton, and NVentures.

Social Links raises €2.6 million to enhance AI tools that detect fraud, scam messages and brand misinformation
Social Links secured €2. 6 million in follow-on funding to enhance its AI tools for detecting fraud and misinformation....

Revolut valued at $75BN, with Nvidia and A16z joining investor roster
Revolut's valuation surges to $75 billion after a secondary share sale that brought in Nvidia and Andreessen Horowitz. This increase cements Revolut as Europe's most valuable private tech firm, with over 65 million customers and £3....
