News
Daily digest of all European digital development news

LexDo.it lands €1.7M to boost its platform for launching and running businesses
Italian platform LexDo. it secured €1....

Czech startup Flowpay launches in the Netherlands with €30 million backing to close Europe’s SME financing gap
Czech FinTech Flowpay launches in the Netherlands with a €30 million facility to provide fast, accessible capital to SMEs. The company aims to address Europe's €400 billion SME financing gap with its embedded finance infrastructure.

Ada Ventures unveils Deck Genius to give founders VC-level feedback powered by AI
Ada Ventures launched Deck Genius, an AI-powered tool offering VC-grade feedback on pitch decks for startup founders. The free platform provides detailed analysis, aiming to analyze 500 pitch decks monthly, building on the success of AdaGPT.

Delvitech secures $40M to scale AI-powered optical inspection technology
Swiss deeptech firm Delvitech secured $40M in Series B funding to scale its AI-powered optical inspection technology. The investment will fuel global expansion, including a manufacturing facility in India targeting a monthly production capacity exceeding 200 machines by 2030.

Epidemic Sound launches Studio, an AI tool that auto-soundtracks creator videos in seconds
Swedish soundtracking platform Epidemic Sound launched Studio, an AI tool that auto-soundtracks videos for creators. The AI-powered tool quickly matches and places music and sound effects, saving content creators significant time.

Spain’s Amenitiz expands to 15,000+ hotels and processes €3 billion in bookings ahead of new €38.9 million funding
Spanish hospitality tech firm Amenitiz secured €38. 9 million to expand its all-in-one management system for hotels....

AP: Three-quarters of websites adapt misleading cookie banner after warning, investigation launched into refusers
Brussels's privacy watchdog, Autoriteit Persoonsgegevens (AP), reports 75% of websites have fixed misleading cookie banners after warnings. Enforcement actions will now target the remaining holdouts to ensure user control over data.

"Trumpian legislative practices": Max Schrems criticizes gutting of fundamental rights
European data privacy expert Max Schrems slams the European Commission's planned GDPR reform, calling it a fundamental rights demolition. The reform, revealed in a leaked document, threatens to overturn 40 years of European fundamental rights doctrine.

Japan’s €33B bet on Europe: deeptech & AI lead as cross-border investment surges
Japanese investors are pouring billions into European deep tech and AI, with a record 70% of funding allocated to these sectors in 2024. Since 2019, €33 billion of Japanese capital has flowed into Europe, with the UK attracting the most at €14....

As compliance eats 75% of MedTech budgets, Utrecht’s Guideways raises over €1 million to speed FDA approvals
Utrecht-based AI startup Guideways secured over €1 million in pre-Seed funding to help MedTech companies speed up FDA approvals. The investment will accelerate the development of their agentic AI platform to bring medical devices to patients faster.

Arkyn receives €4M financing to accelerate growth and expand product suite
Copenhagen-based enterprise software company Arkyn secured €4 million in funding to accelerate growth and expand its product suite. This will include AI-enabled features that optimize planning and field execution for its digital platform focused on service and asset maintenance within SAP.

Swiss startup YQuantum secures €160k to advance miniaturised hardware for quantum computers
Zurich-based YQuantum secures €160k to develop miniaturized hardware for quantum computers. The funding from Venture Kick will accelerate commercialization in the growing European quantum hardware sector, joining others like QuantWare and QFX.

IKEA wipes the slate clean: its home automation catalog is completely renewed with 21 Matter-compatible devices
IKEA overhauls its smart home catalog, launching 21 new devices fully compatible with Matter. This move aims to simplify home automation by ensuring seamless integration across various smart home ecosystems.

70% of security leaders cite AI governance as a top priority – UK’s AI Score secures €864k pre-Seed to respond
London-based AI Score launched with €864k in pre-Seed funding, aiming to provide real-time AI governance and management. The platform addresses growing investor focus on responsible AI, joining a trend with companies like Qala AG and nexos....

WhatsApp is preparing a shielded mode to protect against cyberattacks
WhatsApp is developing a new, hardened security mode to defend users against cyberattacks. This feature will integrate existing protections like blocking suspicious files and calls.

From four becomes one: EU digital reform weakens data protection
Brussels plans to overhaul GDPR, potentially weakening privacy protections for Europeans. The changes would permit cookie tracking without consent and allow AI training with personal data, impacting data security.

Apple complains in unusually harsh words about the EU Commission
Apple fiercely criticizes the EU Commission, accusing it of hypocrisy regarding conflicting regulations. The tech giant claims new laws force it to weaken security while claiming to protect users.

"Digital Omnibus": EU Commission wants to gut General Data Protection Regulation and AI regulation
Brussels plans a major overhaul of European digital regulations, presenting a "digital omnibus" proposal in November. The plan aims to simplify rules related to data protection, data usage, cybersecurity, and AI regulations.

Nexperia had the entire European automotive industry in check. We have good news
The Netherlands may drop its control over semiconductor manufacturer Nexperia if China allows the export of critical chips again. China has lifted the export ban on Nexperia's semiconductors, which threatened to halt global automotive production.

Aquark Technologies secures €1.6 million Innovate UK contract to advance deployable quantum timing systems
Aquark Technologies secured a €1. 6 million contract from Innovate UK to advance its deployable quantum timing systems for telecommunications....
