News

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.

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.

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.

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, 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 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%.

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 are building an underground AI data center in Munich to house 10,000 "Blackwell" GPUs. The facility will provide industrial AI services.

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 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 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....

henQ, a Dutch venture capital firm, launches its fifth fund, securing €67. 57 million to invest in B2B software teams across Europe....

European AI funding nearly doubled from €2. 2 billion in 2021 to €4....

UK-based Vigilant AI. ai secured €665k in pre-seed funding to expand its AI teammate platform for regulated businesses....

Copenhagen-based Contribe secured €1. 3 million to expand its platform enabling charitable donations during online shopping....

Vigilant AI. ai secured £585,000 in pre-seed funding to deploy "AI Teammates" for regulated businesses, addressing AI compliance concerns....

A rapper sues Spotify alleging it manipulated streams, potentially costing billions, to favor Drake's music. The lawsuit claims Spotify ignored bots artificially inflating listening numbers.

Brussels faces a security threat as adtech data exposes the EU and NATO to espionage. Commercial datasets with 278 million locations, including EU officials and NATO headquarters, allow for tracking and potential spying.

Millions of Europeans' mobile phone location data, gathered for advertising, is being sold and could be used for espionage. Even top EU officials are potentially affected by this data breach, raising concerns about data protection failures.

EU officials face potential spying risks as mobile location data of millions is available for purchase. The data, collected for advertising, allows for tracking, even affecting top EU personnel.