News
Daily digest of all European digital development news
Paris-based Tsuga raises €8.7 million to help enterprises cope as data volumes grow 30% a year
Paris-based Tsuga launched with €8. 7 million in seed funding to develop its AI-native observability platform....
Armilar Fund IV hits €120M first close to invest across Iberia and Europe
Southern European VC firm Armilar closed its fourth fund with over €120 million to invest in European tech startups. Armilar IV targets Series A rounds, focusing on AI, cybersecurity, fintech, and other digital technology areas.
Tsuga emerges from stealth with $10M to modernise observability in the AI era
France's Tsuga launches from stealth with a $10 million seed round to modernize observability for AI. The platform promises to reduce costs and complexity for enterprise observability with a bring-your-own-cloud architecture.
First bloom: increased consumer choice after eighteen months of the DMA
The Digital Markets Act (DMA) is showing early consumer benefits after eighteen months of implementation, giving users more digital choices. iOS users can now select default browsers and apps, make contactless payments outside Apple Pay, and create Google accounts without Gmail.
Kabilio raises €4M to streamline accountant–client collaboration via AI
Barcelona-based Kabilio secured a €4 million pre-seed round to streamline accounting via AI, aiming to automate and enhance accountant-client collaboration. The platform, used by nearly 100 firms, streamlines information exchange and boasts productivity gains of up to 50 percent.
With €4 million in funding, Kabilio scales AI tools helping Spanish accounting firms lift productivity by up to 50%
Barcelona-based Kabilio secured €4 million in pre-Seed funding to scale its AI tools for Spanish accounting firms. This funding round, led by Visionaries Club and Picus Capital, is one of the largest pre-Seed rounds in Spain for AI accounting solutions.
Live translation with AirPods will come to Germany in 2025
Apple will launch live translation for AirPods in the EU by December, finally bringing the feature to the continent. The company cites the Digital Markets Act as the reason for the delay, with real-time translation across nine languages available.
Starling's SaaS business Engine scoops biggest client win, banking Canadian neobank
UK-based Starling's SaaS business, Engine, secured a major win by signing a 10-year deal with Tangerine Bank. Engine will provide its cloud banking platform to the Canadian digital bank, a subsidiary of Scotiabank.
Reflex Aerospace secures record €50 million as satellites deemed Europe’s “Achilles heel”
Reflex Aerospace, a German satellite platform manufacturer, secured a record €50 million Series A round. This represents the largest funding in the European New Space sector this year, driven by the need for European sovereignty in space-based intelligence.
Nvidia, Deutsche Telekom strike €1B partnership for a data center in Munich
Nvidia and Deutsche Telekom are joining forces to build a €1 billion AI factory in Munich, aiming to significantly bolster Germany's AI computing capabilities. The initiative looks to increase Germany’s AI computing power by 50%.
CMS provider Totalmobile secures new investment to scale globally
UK-based field service software provider Totalmobile secures new investment from Five Arrows and DBAG for global expansion. The backing aims to scale its technology, with FY24 revenue hitting £58 million and expansion into new markets planned.
Telekom and Nvidia build underground AI data center in Munich
Telekom and Nvidia are building an underground AI data center in Munich to house 10,000 "Blackwell" GPUs. The facility will provide industrial AI services.
STV and Post-Quantum partner on quantum-safe defence networks
STV, a Czech defense group, partners with British cybersecurity startup Post-Quantum to deploy a quantum-safe communications platform. The agreement will protect sensitive data and operations from emerging quantum threats across European and NATO defense markets.
Froda teams up with Triffin to provide £100M in growth capital for UK consumer brands
Froda and Triffin launch a partnership to offer £100M in growth capital to UK consumer brands. Froda's embedded finance will integrate with Triffin’s AI-powered platform to provide small businesses instant financing over the next three years.
Bulgarian unicorn Payhawk plays down Brex's European challenge
Bulgarian fintech unicorn Payhawk downplayed the impact of US rival Brex's EU launch, citing different target markets and the EU's fragmented landscape. The company, which offers spend management services, reported €23....
Why henQ chooses the roads less travelled: Inside the Dutch VC’s new €67.6 million fund for the “odd ones out”
henQ, a Dutch venture capital firm, launches its fifth fund, securing €67. 57 million to invest in B2B software teams across Europe....
Europe’s AI ecosystem: Rapid growth and rising global ambitions
European AI funding nearly doubled from €2. 2 billion in 2021 to €4....
With hopes of bridging the AI “trust gap”, Britain’s Vigilant AI.ai raises €665k for their AI teammates
UK-based Vigilant AI. ai secured €665k in pre-seed funding to expand its AI teammate platform for regulated businesses....
Amid 8.4% rise in Danish donations, Contribe secures €1.3 million to boost charitable giving online
Copenhagen-based Contribe secured €1. 3 million to expand its platform enabling charitable donations during online shopping....
Vigilant AI.ai lands £585K pre-seed for compliant 'AI Teammates'
Vigilant AI. ai secured £585,000 in pre-seed funding to deploy "AI Teammates" for regulated businesses, addressing AI compliance concerns....