News - For Business
Daily digest of all European digital development news
Paris-based Kestra lands €21 million Series A for orchestration platform expansion
Paris-based Kestra secures €21 million Series A for its open-source orchestration platform. The funding accelerates Kestra 2....
New unicorn alert! 9fin raises €148 million at a €1.1 billion valuation for its global debt markets platform
9fin raises €148 million at a €1. 1 billion valuation to expand its AI-powered debt markets platform....
Belgium-headquartered crypto startup Keyrock hits unicorn status, says valuation quadrupled
Belgium-based Keyrock secures $1. 1bn valuation, quadrupling from its last round....
ToT for IoT safety: Test of Things raises €1.2 million to automate cybersecurity testing of connected products
Finnish cybersecurity startup Test of Things raises €1. 2 million to automate IoT security testing....
Nebius announces construction of one of Europe's largest data centres
Nebius launches construction of one of Europe's largest data centres in Finland, aiming for 310MW capacity by 2027. The AI infrastructure company secured multi-billion dollar contracts with Meta and Microsoft.
Paris-based Standing Ovation raises €30 million to produce dairy proteins through precision fermentation
Paris-based Standing Ovation secures €30 million to produce dairy proteins via precision fermentation. The funding aims to commercialize proteins in North America before expanding into Europe and Asia.
Ex-Reuters team out of Denmark raises €1.5 million for AI newsroom Financial News System
Copenhagen-based Financial News Systems secures €1. 5M for its AI-only financial newsroom....
Berlin-based Midas lands €43 million to expand tokenised investment infrastructure
Berlin-based Midas lands €43 million to build tokenized investment infrastructure. The funding accelerates instant redemptions and deeper liquidity across onchain investment products.
The French AI startup that benefits from geopolitical chaos has just raised $830 million. For European data centers
French AI startup Mistral AI secures $830 million to build European AI data centers. The funding surge is partly driven by a demand for European alternatives to US tech giants, exacerbated by geopolitical shifts.
Italy’s VC ecosystem matures into €10B engine — but structural gaps still hold it back
Italy's VC ecosystem has matured into a €10 billion engine, with annual investments quadrupling over the decade. However, structural gaps and limited corporate participation hinder its growth and European competitiveness.
EDIC Digital Commons start projects
European Digital Infrastructure Consortium launches projects for open digital infrastructure. An "100-day challenge" and a pilot for a European Sovereign Tech Fund are among the initiatives.
Mistral AI raises $830M in debt to set up a data center near Paris
French AI firm Mistral AI secures $830M in debt to build a data center near Paris. The facility aims to be operational by Q2 2026.
Maguar takes significant stake in GlobalSuite Solutions to capitalise on surging demand for compliance tech
German investor Maguar takes a significant stake in Spanish GRC software firm GlobalSuite Solutions. The deal aims to accelerate GlobalSuite's expansion and technology innovation, capitalising on surging demand for compliance tech.
Mistral AI extends a year of outsized expansion with €722 million to deepen Europe’s AI infrastructure
Mistral AI secures €722 million debt financing to build a Paris AI data centre, boosting Europe's sovereign AI infrastructure. This funding supports NVIDIA systems, accelerating the company's AI cloud ambitions and Europe's push for digital autonomy.
European Commission admits attackers broke into public web systems, but says little else
European Commission admits attackers breached public web systems, but provided minimal details. The extent of the compromise remains unclear following the security incident.
French AI start-up Mistral raises $830m in debt
French AI startup Mistral secures $830m in debt financing. The company plans to build cutting-edge European data centers with 200MW capacity by 2027.
Finnish quantum unicorn IQM secures €50 million from BlackRock ahead of public listing
Finnish quantum unicorn IQM secures €50 million from BlackRock. The funding accelerates technology development and market entry, ahead of plans for a public listing.
ShinyHunters claims responsibility for European Commission breach
ShinyHunters claims responsibility for a data breach of the European Commission, accessing over 350GB of sensitive material. The stolen data includes mail server dumps, databases, and confidential documents.
Mistral secures first debt raise of $830M to power its first data centre
Mistral AI secures $830M debt to build its first French data centre, acquiring 13,800 Nvidia GPUs. The French AI startup aims for European AI autonomy, competing with US rivals.
European tech weekly recap: More than 55 tech funding deals worth over €850M
European tech startups secured over €850M across 55 funding rounds last week. Over 15 exits and M&A deals were also recorded, showcasing significant activity across the continent.