News

EU Social Democrats seek to understand the Digital Services Act's implementation by forming an investigation committee. This move follows the first penalty under the DSA: a €120 million fine against X.

Munich-based QuantumDiamonds plans a €152 million investment to build a quantum chip inspection facility. The facility will produce advanced testing systems and is expected to receive tens of millions of euros in public support.

London-based AI startup PolyAI secured $86 million in Series D funding to advance its call center AI assistant tech. The round, co-led by Georgian and Hedosophia, will help PolyAI expand its customer base beyond its 100+ enterprise clients, including Hilton and FedEx.

Soverli secured $2. 6M to build a sovereign smartphone architecture designed to run alongside Android and iOS....

QuantumDiamonds will invest over €150 million in a German facility, supported by the European Chips Act, to produce quantum-based chip metrology systems. The facility will produce advanced inspection tools for chip defects with initial deployments already completed in Europe.

Tekpon, a SaaS marketplace, acquired TNW, a media company, in a notable move for the European tech scene. This acquisition, along with other funding rounds, signals a vibrant month with over €1....

CYBRET AI, an autonomous cybersecurity lab, launches from stealth, aiming to redefine cyber defense with its AI-powered systems. The company is backed by Nordic venture funds and led by a young cybersecurity expert.

Google faces a potential hefty fine from the EU due to the Play Store, unless it makes more adjustments. The penalty could be levied early next year.

A new report highlights how open-source AI can boost European competitiveness and strengthen digital sovereignty. More than half of developers regularly use open models, datasets, or tools, and the EU's Apply AI strategy aims to increase AI adoption across its firms.

Antwerp-based cybersecurity firm XFA secured €1. 5 million in seed funding to expand its platform....

Dutch payments firm Mollie acquired UK fintech GoCardless in a €1. 05 billion deal, creating a "payments powerhouse" to serve 350,000+ businesses....

PayPal faces criticism again after an audit revealed significant GDPR violations and data misuse for advertising purposes. The report details multiple shortcomings in the service's data protection practices.

Spoor, an Oslo-based startup, secured an €8 million Series A round to support its AI-powered wildlife monitoring for wind farms. The funding will allow expansion of its bird and bat monitoring software, used by wind developers and operators, with a database of over 1 million bird observations.

Rotterdam-based Lynk secured pre-seed funding led by Curiosity VC to expand its AI-driven contract management platform. The platform automates audit tasks and identifies risks, aiming to reshape how organizations manage contractual obligations.

London-based Yonda Tax secured €12 million to expand its tax automation platform across new jurisdictions. This funding round will enhance platform features and functionality to simplify cross-border tax compliance for businesses.

Proton, the Swiss provider, launches Proton Sheets, a privacy-focused spreadsheet application. It offers end-to-end encryption and real-time collaboration, directly challenging Microsoft Excel and Google Sheets.

Belgian TMS startup Qargo secured €28 million in Series B funding to scale its operations and product development. The investment follows rapid expansion across European logistic hubs, bringing the total investment to €46 million.

Zilch, the UK BNPL fintech, secured a payments services license from the FCA, reducing its reliance on third parties. This move allows Zilch to build more payment methods in-house and follows its strengthened ties with Visa, ahead of its Zilch Pay rollout next year.

Berlin-based AI healthtech startup FICUS secured €3M in seed funding to expand its clinical documentation platform. The platform automates processes for rehabilitation clinics, reducing administrative workload by up to 70% and is already used by around 1,000 professionals daily.

TikTok is deploying its "Electoral Center" to combat misinformation during Portugal's presidential elections, following its use in legislative and local elections. The platform aims to provide reliable information and resources to voters.