News - For Business
Daily digest of all European digital development news
Amsterdam’s VNYX secures over €1 million to make fashion resale more profitable than dumping and burning
Amsterdam's VNYX secures over €1M in funding to automate fashion resale, slashing processing times from 19 to 3 minutes. The FashionTech startup aids compliance with EU laws banning goods destruction and offers a profitable alternative to dumping.
Featherless.ai secures $20M to expand serverless platform for open-source AI
Featherless. ai secures $20M to expand its serverless platform for open-source AI, offering enterprises AI independence....
SPRIND opens applications for €125M competition to build Europe’s first frontier AI labs
SPRIND, Germany's innovation agency, launched a €125M competition for Europe's first frontier AI labs. Applicants must aim to leapfrog current AI leaders, with up to €1 billion in follow-on funding available.
Italy’s antitrust authority closes probes into DeepSeek, Mistral, and Nova AI over AI hallucination disclosures
Italy's AGCM closes probes into DeepSeek, Mistral AI, and Nova AI over AI hallucination disclosures. The authority accepted binding commitments, setting a benchmark for transparency with a 120-day compliance window before potential fines.
Cambridge-based Arm spin-out Kigen secures €11.5 million to scale eSIM cybersecurity
Kigen secures €11. 5 million to scale eSIM cybersecurity solutions....
Age verification is nothing. Greece wants to completely eliminate anonymity online
Grecia quiere eliminar por completo el anonimato en internet. El gobierno busca exigir la revelación de identidad en plataformas digitales para combatir deepfakes y desinformación.
Gifting marketplace Flowwow rebrands to Udora, separating from Russian business and raising €8.5 million for European growth
Gifting marketplace Udora raises €8. 5 million, focusing on European growth and AI personalisation....
Commission urges Member States to rollout EU age verification app
Commission urges EU Member States to accelerate rollout of secure age verification app by year-end. The app protects minors from harmful online content and can integrate with the EU Digital Identity Wallet.
No US funding, no problem: Málaga’s Freepik relaunches as Maginific with €200 million ARR
Málaga's Freepik relaunches as AI platform Magnific, reporting €196 million ARR. The company now integrates image, video, audio generation, and collaboration tools in one environment....
AI and open source, what's the deal?
AI expert discusses European legal requirements for transparency in AI systems. She highlights that not all "open" AI models are truly open source, and European legislation demands openness regarding model weights and data.
Brussels orders Google to share Android's AI sandbox with the other kids
Brussels orders Google to share its Android AI sandbox with competitors. The European Commission is investigating if Google's AI practices violate the Digital Markets Act.
Patronus raises €11 million to turn senior emergency smartwatches from ‘bedside decoration’ into daily-worn devices
Berlin-based Patronus raises €11 million to enhance senior safety smartwatches with AI companionship. The funding will boost daily device wear and address senior loneliness.
Industrial cleaning robot developer KEMARO advances Series B with €4.2 million pre-closing
Swiss robotics firm KEMARO secures €4. 2 million in a Series B pre-closing to fund international growth, targeting the US market and expanding its product line....
Atech raises €681k with Lovable backing to make hardware prototyping more accessible
Copenhagen AI hardware startup Atech secures €681k pre-Seed funding. The company aims to develop an AI platform for natural-language hardware design and prototyping.
Semiconductors core to Tyndall’s five-year strategy
Tyndall National Institute aligns its five-year strategy with Ireland's obligations under the European Chips Act. The institute's plan supports government policies like Silicon Island and Impact 2030, focusing on semiconductor advancements.
Soft launch open source code platform for the government
Dutch government launches open-source code platform, code. overheid....
Why Cohere is merging with Aleph Alpha
Canadian AI startup Cohere is acquiring Germany-based Aleph Alpha, backed by Schwarz Group, to create a sovereign enterprise AI alternative. This move challenges US dominance in the AI landscape.
Cohere acquires, merges with Germany-based startup to create a ‘transatlantic AI powerhouse’
Cohere merges with Germany's Aleph Alpha, creating a transatlantic AI powerhouse. This strategic move aims to bolster AI development and deployment for businesses and governments across continents.
Cohere buys Aleph Alpha to forge sovereign AI alternative to US Big Tech
Canadian AI firm Cohere buys Germany's Aleph Alpha to challenge US Big Tech dominance. The transatlantic deal aims to provide governments and regulated industries with a sovereign AI alternative.
Verda raises $117M, Aleph Alpha to be acquired, and solving the quantum bottleneck
Verda raises $117M for AI cloud infrastructure, while Aleph Alpha is to be acquired by Cohere. Europe saw over €632 million invested across 65 funding deals this week.