News
Daily digest of all European digital development news
Etsy was the haven of craftsmanship and creativity. It has become a minefield of AI-generated images
Etsy is overrun with AI-generated art, flooding the platform with machine-made images. This shift impacts the marketplace designed for human artists as AI-created products dominate search results.
British FinTech firm Sokin raises €42.9 million to expand global payments and treasury infrastructure
London-based FinTech Sokin secured €42. 9 million in Series B funding to expand its global payments infrastructure....
Complir raises €1.7M to help retailers manage global compliance with AI infrastructure
Copenhagen-based Complir secured €1. 7 million to develop AI infrastructure for retailers navigating global compliance....
Dutch startup Renno launches with €1 million targeting construction cash-flow issues
Dutch fintech startup Renno launches with €1 million to overhaul payment methods in Europe's renovation industry. The Amsterdam-based company aims to replace existing payment systems for the €850 billion market.
Minitap secures $4.1M to make mobile development 10x faster with AI
Minitap, an AI-powered mobile development platform, secured $4. 1 million in seed funding to accelerate app feature development....
Wayve acquires German startup Quality Match
UK self-driving startup Wayve acquires German AI data analysis specialist Quality Match to bolster its self-driving tech. The acquisition expands Wayve's presence in Germany, with the goal of commercial deployment and a 2027 launch.
Adcities raises €3 million+ to scale its OOH AdTech after powering 25+ brand campaigns with the likes of Telefónica and Decathlon
Adcities, a Spanish AdTech company, secures over €3 million in seed funding to scale its AI-powered OOH advertising platform. The funding round, led by Adara Ventures, will help Adcities expand its digital transformation of outdoor media.
Used by Adobe, Canva and Meta, Germany’s Black Forest Labs lands €258 million to scale its visual-AI platform
Black Forest Labs, a German visual intelligence company, secured a massive €258 million Series B round to scale its FLUX. 2 model, used by Adobe and Meta....
European tech weekly recap: Over €574M invested in the tech ecosystem in the last week of November
European tech startups secured over €574 million in funding last week, signaling continued investor confidence. Over 70 deals and 20 exits highlighted the dynamic tech landscape across the continent.
Deutsche Telekom and Schwarz Group: Joint "AI Gigafactory" in Planning
German telecom giant Deutsche Telekom and the Schwarz Group plan to build a joint "AI-Gigafactory," according to reports. This initiative aims to accelerate AI development and infrastructure within Germany.