News
Daily digest of all European digital development news

Digital Sovereignty in the EU: Workflow for Security-Critical Chips
EU policymakers launch new workflow for secure chip design, keeping sensitive data within the bloc. Globalfoundries Dresden now manufactures Qualinx GNSS chips entirely within EU borders.

Ukraine-focused DefenceTech fund Varangians closes €10 million in Stockholm
Varangians, a DefenceTech fund, closes over €10 million in Stockholm to support Ukraine's innovation ecosystem. The fund backs Ukrainian companies producing vital tech for Europe.

Bundestag passes AI law: Federal Network Agency to become central supervisory authority
The German Bundestag passed its AI Act implementation law, appointing the Federal Network Agency as the central market surveillance authority. This marks a significant step in enforcing the EU's AI Act at the national level.

NEURA Robotics secures up to $1.4B, Bending Spoons files for US IPO, and UK PM unveils £400M chip plan
NEURA Robotics secured up to $1. 4B Series C to scale its physical AI and cognitive robotics platform....

Mistral is in funding talks at a €20bn valuation
Mistral AI, Europe’s leading AI startup, is in talks to raise €3bn at a €20bn valuation. This nearly doubles its previous investor valuation, highlighting significant growth in the European AI sector.

Profitable Oslo-based AI startup Mimir raises €518.3k pre-Seed to automate e-commerce operations
AI startup Mimir raises €518. 3k to automate e-commerce operations....

heise+ | Tools for Surveys on German and EU Servers Under Test
German survey tools using EU servers offer privacy-friendly alternatives to US-based platforms like MS Forms. Testing focuses on data protection for online surveys and voting.

AI, DMA & Co.: Do you feel digitally well protected in the EU?
EU digital regulations delay major tech services like Apple's Siri AI launch in Europe. However, 83% of EU consumers surveyed believe authorities should ensure AI and new tech respect EU rights and values.

Pleo undertakes fresh round of job cuts, around 50 laid off
Fintech firm Pleo lays off approximately 50 staff, impacting product, tech, and data roles across Denmark, the UK, and Germany. The move aims to simplify decision-making and accelerate product delivery for European customers.

Berlin-based Angel Invest close €40 million Fund III targeting angel to Seed stages
Berlin-based Angel Invest closes €40 million Fund III, exceeding its target. The fund will invest in angel, pre-Seed, and Seed stage companies, building on its portfolio of over 110 backed startups.

GDPR: Court significantly reduces millions in fines for Deutsche Wohnen
DSGVO: Gericht reduziert Millionen-Buße für Deutsche Wohnen deutlich. Berliner Datenschutzbehörde verhängte Bußgeld von 14,5 Millionen Euro gegen Immobilienkonzern.

Polish SpaceTech startup Sybilla exits bootstrapped orbit with over €8 million to strengthen space monitoring
Polish SpaceTech startup Sybilla Technologies secures over €8 million to enhance its space monitoring capabilities. The funding will expand its sensor network and analytical services, deepening cooperation with partners across Europe.

AI Omnibus deal: EU lawmakers should reject a rollback of AI safeguards
EU lawmakers are urged to reject the AI Omnibus deal, which weakens AI safeguards and transparency. The agreement, presented as a technical simplification of the AI Act, risks setting a dangerous precedent for the EU's digital rulebook.

Meta Partners With Reliance for First India AI Data Center
Meta clashes with the EU Commission over blocking rival AI bots from WhatsApp Business. The skirmish highlights ongoing tensions regarding platform access and competition within the European digital market.

Hamburg-based Generation Tech Partners launches €50M AI roll-up fund
Hamburg-based Generation Tech Partners launches a €50M AI roll-up fund to acquire German SMEs. The fund aims to revamp these companies with AI, creating larger entities for eventual sale.

The ECB moved to rein in Revolut’s ‘self-guided missiles’, just as a share sale values it at $115bn
The European Central Bank restricted Revolut from launching new products across the European Economic Area due to concerns about its rapid approval processes. This intervention had not been previously disclosed.

Polish FinTech paymove secures €2.12 million to drive European expansion
Polish FinTech paymove secures €2. 12 million to build payment infrastructure for AI agents and expand into Western Europe....

Judgment on data protection fine: Deutsche Wohnen gets off lightly
Deutsche Wohnen's €14. 5M GDPR fine cut to €900K by court....

Commission publishes Code of Practice on marking and labelling AI-generated content
The European Commission launches its final Code of Practice on marking AI-generated content. The voluntary code aids providers in meeting AI Act transparency obligations, requiring clear labelling of deepfakes and AI-manipulated public interest content from August 2, 2026.

Brussels' datacenter efficiency scorecard may come with a credit warning
Brussels delays datacenter efficiency ratings, risking credit for operators and lenders. The EU's proposed A-to-G scale faces industry criticism over climate diversity and stalled implementation.
