News
Daily digest of all European digital development news
eBay, H&M and Louis Vuitton partner with newly minted French unicorn Brevo as it secures €500 million
Paris-based Brevo, a customer engagement software innovator, becomes a unicorn after securing €500 million in funding. The company aims to accelerate its product roadmap, particularly leveraging AI, and compete with US players.
French CRM outfit Brevo hits unicorn status
French CRM company Brevo achieved unicorn status after securing €500M in funding, with General Atlantic and Oakley Capital joining as investors. The Paris-based company, valued at at least $1B, plans to expand its all-in-one CRM platform and pursue further acquisitions.
Hypercritical raises £2M to modernise software engineering for heavy industry
London-based Hypercritical secured £2 million in pre-seed funding to accelerate its machine learning model for generating control software. The AI-driven platform enables faster, more cost-efficient software development in sectors like aerospace, with plans to double its team.
Track Titan raises $5M for AI-powered motorsport tracking platform
Track Titan, an AI-powered motorsport tracking platform, secured $5 million in a seed round led by Partech and Game Changers Ventures. The platform, used by over 200,000 users, provides AI coaching to gamers and drivers, helping improve lap times in games and real-world racing.
New unicorn Brevo raises $583M to challenge CRM giants
Brevo, the Paris-based CRM provider, has raised $583 million in funding, achieving unicorn status and becoming a major challenger. This round will fuel Brevo's expansion and intensify its competition with established CRM giants.
Fronted lands $1M to modernise global hiring using AI
Nordic startup Fronted secures $1 million in pre-seed funding to modernize global hiring with its AI-powered platform. The AI talent operating system streamlines international hiring, addressing challenges like recruitment, payroll, and compliance.
Interview with the Federal Commissioner for Data Protection: "The current debate is going in the wrong direction"
The German Federal Commissioner for Data Protection criticizes EU data policy, saying the current debate is misguided. She argues that reforms require a societal goal, adding that data protection law isn't fulfilling its function.
Spotlite closes €3.5M for satellite infrastructure monitoring
Portuguese startup Spotlite secured €3. 5 million in seed funding to expand its satellite-based infrastructure monitoring platform....
With €12.5 million Series A, Rail-Flow joins Germany’s expanding RailTech investment wave
Rail-Flow, a Frankfurt-based platform, secured €12. 5 million in Series A funding to advance its AI-driven rail freight logistics....
Bitkom survey: Large majority of companies calls for GDPR reform
German businesses overwhelmingly want reform of the GDPR, citing excessive data protection burdens that hinder digitalization. A Bitkom survey reveals that 97% of companies find compliance costly and complex.
Swedish VC Incore Invest completes €15 million second closing, bringing Invest II to €40 million
Swedish VC firm Incore Invest closed its second round, raising €15 million to bring its Invest II fund to €40 million. The fund will back SaaS and fintech companies across Europe, targeting Series A investments.
BuiltAI lands $6M to expand platform for global real estate investors
BuiltAI, a London-based financial modeling platform for real estate investment, secured $6 million in seed funding. The AI-powered platform uses machine learning to streamline underwriting, which is a manual process that currently takes at least two weeks.
SereneDB lands $2.1M to fuse search, analytics and Postgres into one engine
Berlin-based database startup SereneDB secured $2. 1 million in pre-seed funding to merge search, analytics, and PostgreSQL....
With Philips and Sony already onboard, Spain’s TitanOS nets €50 million to scale its European connected-TV OS
TitanOS, a Barcelona-based connected-TV OS, secured €50 million in Series A funding to enhance its user experience and expand. The funding, led by Highland Europe, positions TitanOS as a major player in the European CTV and AdTech space.
Bestie Bite raises $700K to reinvent restaurant choices with AI gamification
Bestie Bite, an AI-powered app for restaurant discovery, secured $700,000 in funding to revolutionize hospitality reviews with video. The Rome-based startup aims to expand its AI features and reach more users after gaining 70,000 users and 60,000 video uploads across 70 countries.
New, open model family from France: Mistral 3 is here
French AI startup Mistral AI launches Mistral 3, an open-source model family designed to compete with US and Chinese AI models. This new initiative is licensed under Apache 2....
Irish media commission to probe LinkedIn and TikTok over potential DSA breach
Irish regulators will investigate LinkedIn and TikTok over potential violations of the Digital Services Act. The probe will examine how easily users can report illegal content on the platforms.
Orq.ai lands €5M to close the AI production gap for enterprises
Orq. ai, based in Amsterdam, secured €5 million in seed funding to address the AI production gap for enterprises....
Shop Circle secures $100M credit facility as it positions itself as Europe’s alternative to VC funding
Shop Circle secured a $100 million credit facility to fuel its AI-powered acquisition model for B2B software platforms. The company has acquired 16 companies, using AI to boost EBITDA margins by 15-20% through operational rewiring.
Transparency register with gaps: AI use by public administration remains opaque
The German IT Planning Council plans to expand the national AI transparency register across all levels of administration. Despite this, the extent and risks of AI use by public administrations remain unclear.