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id | date | title | slug | Date | link | content | created_at | feed_id |
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42,539 | 25/04/2024 06:01 AM | Paris-based Edonia raises €2 million to produce plant-based ingredientes from microalgae | paris-based-edonia-raises-euro2-million-to-produce-plant-based-ingredientes-from-microalgae | 25/04/2024 | Edonia, a creator of protein ingredients based on microalgae (spirulina, chlorella) completes a first financing round of €2 million. This round, led by Asterion Ventures and complemented by BPI funds, will enable the company to industrialize its technology and extend its R&D. Founded in 2023, the fact that Edonia is not subject to the “Novel… This content is for members only. Visit the site and log in/register to read.
The post Paris-based Edonia raises €2 million to produce plant-based ingredientes from microalgae appeared first on EU-Startups. |
25/04/2024 06:35 AM | 6 | |
42,540 | 25/04/2024 05:30 AM | Strasbourg-based Pixacare raises €3 million to automate wound care monitoring | strasbourg-based-pixacare-raises-euro3-million-to-automate-wound-care-monitoring | 25/04/2024 | Pixacare, a French startup helping caregivers improve the management of skin lesions by offering them cutting-edge tech accessible on smartphones, announced the successful closure of its second fundraising round, securing €3 million. This round was led by Elaia, with significant participation from the French Tech Seed fund managed by Bpifrance, part of the France 2030 initiative. … This content is for members only. Visit the site and log in/register to read.
The post Strasbourg-based Pixacare raises €3 million to automate wound care monitoring appeared first on EU-Startups. |
25/04/2024 06:35 AM | 6 | |
42,541 | 25/04/2024 05:01 AM | Paris-based VC Ternel will invest €120 million in 30 startups with new fund | paris-based-vc-ternel-will-invest-euro120-million-in-30-startups-with-new-fund | 25/04/2024 | Ternel, formerly MAIF Avenir, an investment fund dedicated to supporting startups that make a positive contribution to restoring the planet and promoting its resilience, encouraging individual and community well-being, and empowering communities, announced a new fund. The next Ternel fund will invest €120 million in 30 European startups, mainly at the seed to series A… This content is for members only. Visit the site and log in/register to read.
The post Paris-based VC Ternel will invest €120 million in 30 startups with new fund appeared first on EU-Startups. |
25/04/2024 06:35 AM | 6 | |
42,538 | 24/04/2024 02:41 PM | Beyond Weather's AI-driven long-range weather forecasting bags €250k from LUMO Labs | beyond-weathers-ai-driven-long-range-weather-forecasting-bags-euro250k-from-lumo-labs | 24/04/2024 | LUMO Labs today announced an investment of €250,000 in Vrije Universiteit (VU) Amsterdam spin-out Beyond Weather to further develop its AI technology for long-range weather and impact forecasting. Based in Utrecht, Beyond Weather leverages extensive climate expertise and AI to create targeted long-range forecasts with lead times of two weeks up to 6 months ahead Jannes van Ingen, CEO of Beyond Weather, stated:
Beyond Weather's AI-driven models offer timely, interpretable and actionable forecasts that enable the energy and agricultural sectors to anticipate high-risk weather events further in advance than ever before. These predictive capabilities allow businesses to effectively manage risks, reduce costs, and increase profitability by pre-emptively addressing potential impacts such as crop damage. In addition, Beyond Weather will be providing actionable data to aid humanitarian efforts in the already heavily climate-hit Global South. “Although we must all press on with our efforts to stop and reverse climate change, there is no denying that amid escalating climate change-induced weather events, today and in the foreseeable future, accurate forecasts are crucial,” says Andy Lurling, Founding Partner of LUMO Labs.
Lead image: Beyond Weather’s founders Steven van den Tol, Jannes van Ingen, Sem Vijverberg and Dim Coumou (Left to Right). Photo: uncredited. |
24/04/2024 03:05 PM | 1 | |
42,535 | 24/04/2024 02:22 PM | Octopus backs Ocergy in an effort cheapen wind farm construction | octopus-backs-ocergy-in-an-effort-cheapen-wind-farm-construction | 24/04/2024 | Octopus Energy's investment arm has closed a deal with Ocergy to expand floating offshore wind farms. Parties expect that the deal will help floating offshore wind farms around the world become more cost-effective due to Ocergy’s research capabailities and hyperlocal supply chain. Ocergy uses a hyper-local supply chain approach, working with local manufacturers and creating green jobs in the areas where the turbines are installed. The renewables provider works with over a dozen major developers across multiple gigawatts (GW) of projects, with their first foundations to be installed by 2025/26. The investment is made on behalf of Vector, Octopus Energy’s offshore wind fund launched at the end of last year. It marks the latest milestone in the company’s plans to turbocharge the rollout of offshore wind globally to reduce fossil fuel reliance and boost energy security. Floating foundations are used in areas with coastlines that are too deep for foundations that are fixed to the seabed. Around 80% of global offshore wind resources are located in deep waters. The investment comes as governments across the globe have set ambitious targets for floating offshore wind. The UK alone is targeting 5 GW of floating offshore wind capacity by 2030. Zoisa North-Bond, CEO of Octopus Energy Generation, said: “Tech and innovation are fueling the energy revolution globally, so we’re always on the hunt for game-changing solutions that accelerate progress. Ocergy’s groundbreaking approach has the power to slash the costs of floating offshore wind – and with our investment they will get there faster, paving the way for cleaner, greener energy systems across the globe.” Dominique Roddier, CEO of Ocergy, said: “At Ocergy we are incredibly enthusiastic about this collaboration with Octopus Energy Generation. It will empower us to scale up our operations and concentrate on delivering both pre-commercial and large-scale floating offshore wind projects. There are lots of synergies between Octopus' forward-thinking efforts in offshore wind and Ocergy's accomplishments to date - and we foresee significant boost in the bankability of our projects as a result.” |
24/04/2024 02:34 PM | 1 | |
42,536 | 24/04/2024 02:21 PM | Camion raises €2.7M for EV charging analytics | camion-raises-euro27m-for-ev-charging-analytics | 24/04/2024 | London-based Camion has raised €2.7M to scale the deployment of electric vehicle charging. Power and charging infrastructure are struggling to keep up with the growth in vehicle electrification; estimates suggest that $1.9 trillion must be spent on charging infrastructure to achieve net-zero commitments by 2050. Camion’s software combines property and location-based information with insights around power supply, traffic movements and localised future energy demand to help different market actors identify the best locations depending on their power needs. The platform indexes properties based on their readiness and potential for electrification and provides powerful insights enabling users to act quickly to capitalise on the growing need for electric vehicle charging infrastructure. The software therefore enables real estate owners, investors, lenders and infrastructure developers to discover new properties into which this can be incorporated, and complete rapid investment diligence ahead of deploying capital. The startup was founded by Tesla and CBRE alumni and has successfully raised EUR 2.7 million in a pre-seed round. The pre-seed funding round was led by EQT Ventures with First Look Capital and RitMir Ventures also participating. Jacob Monroe, Founder and CEO at Camion, commented: “The structural shift toward electrification is a huge opportunity for those who act swiftly to understand and deploy electric vehicle charging infrastructure where it is needed. As energy demand and generation become more distributed, electrified real estate will become the next great asset class in the $50 trillion global commercial real estate market. Camion exists to supercharge this once-in-a-century transition through a blend of machine learning, big data, and extensive industry insights.” |
24/04/2024 02:34 PM | 1 | |
42,537 | 24/04/2024 02:21 PM | Rodinia Generation raises €3M to fight garment waste with on-demand microfactories | rodinia-generation-raises-euro3m-to-fight-garment-waste-with-on-demand-microfactories | 24/04/2024 | Today Danish startup Rodinia Generation announced it has raised €3 million Seed funding. Rodinia Generation is a Danish tech startup that introduces high-tech software and hardware to the fashion industry to combat garment overproduction and make manufacturing processes more sustainable and efficient. Traditionally fashion companies send designs to low-cost manufacturing countries, where they are mass-produced, using vast amounts of water, toxic chemicals and dyes, without knowing if the garment will ever sell. Furthermore, manufacturers are incentivised to overproduce because unit costs are low but shipping is slow. Production processes are low-tech and, although continuously improving, have remained principally the same since the invention of the power loom during the Industrial Revolution. Founded by designer Trine Young in 2017, Rodinia runs a network of automated microfactories that make clothes exactly when needed, near the customer, and only in the amounts people buy. Its proprietary software collects and processes production data from its microfactories, allowing the fashion industry to improve its efficiency, reduce costs and provide transparent impact reporting.the company's first microfactory has been running successfully in Copenhagen since 2021. Rodinia supplies several leading fashion businesses, including sportswear brand Hummel, Mads Nørgaard Copenhagen and children's clothing brand Wheat. "It should be possible only to make clothes when they are actually bought, without having to transport them from one end of the planet to the other while causing all sorts of damage to people and the environment along the way," says Rodinia's founder and CEO Trine Young. Rodinia addresses the most polluting processes within the fashion supply chain: dyeing and finishing, i.e. how colour and other chemicals are applied to fabric, and manufacturing, i.e. the actual sewing of garments. Microfactories make product-to-market time 19x fasterUsing microfactories, garment designs can be produced in less than two weeks, even in as little as 48 hours, eliminating the need to overproduce to ensure supply – thereby helping reduce the nearly 50 billion unsold garments annually, which costs the fashion and textiles industry €188 billion. "Today, it takes nine months from design to sale. With our microfactories, we can shorten the production process, allowing clothing brands to quickly adapt their products to trends - and potentially even sell them before they are manufactured," says Trine Young. Starting in Europe, then the US, Rodinia's ambition is to establish a worldwide network of microfactories that produces garments for international high street and luxury brands with a strong environmental awareness. Today's funding comes from The Danish Export and Investment Fund (EIFO) and Climentum Capital investment. According to Rünno Allikivi, Investment Manager in EIFO's Green Transition investment team:
"As an Article 9 fund, we were impressed with Rodinia's ability to transparently collect and process data from production units at different geographical locations. The fashion industry will benefit from this highly efficient low-volume-enabling production system and will find having impact data invaluable as environmental regulations expand," adds Stefan Maard, General Partner at Climentum Capital. Lead image: Rodinia Generation Founder and CEO Trine Young at the Copenhagen microfactory. Photo: uncredited. |
24/04/2024 02:34 PM | 1 | |
42,534 | 24/04/2024 02:01 PM | ‘Airbnb for cars’ platform SnappCar changes hands in bid for ‘further growth’ | airbnb-for-cars-platform-snappcar-changes-hands-in-bid-for-further-growth | 24/04/2024 | Dutch car-sharing platform SnappCar, which claims to be the largest of its kind in the Netherlands, has been fully acquired by AutoBinck Group — a shareholder in the scaleup since its founding in 2011. The ownership change also sees the return of SnappCar’s founder, Victor van Tol, in the role of the CEO. Van Told told local newspaper mt/sprout that the acquisition will enable faster decisions and eliminate the need for external investments. AutoBinck, which specialises in mobility and energy solutions, has a turnover of approximately €1bn. According to the two companies, the deal aims to support SnappCar’s further growth.… This story continues at The Next Web Or just read more coverage about: Airbnb |
24/04/2024 02:05 PM | 3 | |
42,533 | 24/04/2024 01:50 PM | Meet the 8 AI companies taking part in the Tech.eu Summit London 2024 | meet-the-8-ai-companies-taking-part-in-the-techeu-summit-london-2024 | 24/04/2024 | At the end of 2023, in our Annual report, we wrote about the impact that AI companies had in all spheres around the world. And we all know it's huge. Last year, in Europe, Germany led the funding race, raking in €845.3 million in 2023, a figure more than double that of the UK at €411.2 million and half of the total amount raised in the industry. France claimed the number two spot in the funding race at €554.1 million. As Tech.eu Summit London 2024 approaches in less than a month, AI will be one of the hot topics we are going to cover. Today we bring you a list of AI companies that will join us in London on 16-17 May at the Tech.eu Summit. If you want to hear more from them and/or have a chance to meet with them and discuss these important topics, now is the time to grab your ticket! And one more thing - more than 30 startups will take part in the startup stage. While waiting for more details, please subscribe to Tech.eu to receive regular updates about the Tech.eu Summit London 2024. A note: companies are sorted in alphabetical order.
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24/04/2024 02:04 PM | 1 | |
42,531 | 24/04/2024 12:18 PM | Tallinn-based 10Lines secures €1.5 million to automate line marking operations with AI and robotics | tallinn-based-10lines-secures-euro15-million-to-automate-line-marking-operations-with-ai-and-robotics | 24/04/2024 | Based in Estonia, 10Lines an autonomous line marking technology, announced today the successful closure of its latest investment round, raising €1.5 million. The round was led jointly by Tera Ventures and Karista, with participation from Butterfly Ventures and Mike Oliinyk (Ex Uber, Wise, Wolt). This significant investment will fuel 10Lines expansion efforts, particularly in the… This content is for members only. Visit the site and log in/register to read.
The post Tallinn-based 10Lines secures €1.5 million to automate line marking operations with AI and robotics appeared first on EU-Startups. |
24/04/2024 01:34 PM | 6 | |
42,532 | 24/04/2024 12:01 PM | London-based Camion raises €2.7 million pre-seed to futureproof real estate for the energy transition | london-based-camion-raises-euro27-million-pre-seed-to-futureproof-real-estate-for-the-energy-transition | 24/04/2024 | Camion, a London-based power and electric vehicle charging intelligence and analytics platform arming users in the real estate and EV charging infrastructure sector with insights to tap growing EV charging demand and futureproof their portfolios, has successfully raised €2.7 million in a pre-seed funding round led by EQT Ventures. First Look Capital and RitMir Ventures… This content is for members only. Visit the site and log in/register to read.
The post London-based Camion raises €2.7 million pre-seed to futureproof real estate for the energy transition appeared first on EU-Startups. |
24/04/2024 01:34 PM | 6 | |
42,528 | 24/04/2024 12:00 PM | Cultimate Foods raises €2.3M to develop fat ingredient for alternative meats | cultimate-foods-raises-euro23m-to-develop-fat-ingredient-for-alternative-meats | 24/04/2024 | Cultimate Foods, a biotech startup based in Berlin's Biocube and Hannover, has closed its €2.3M seed round. The funding will be used to to scale up production processes and expand commercial collaborations and operations. The round was led by High-Tech Gründerfonds (HTGF), one of Europe’s leading seed investors. HTGF was joined by the Life Science Valley Wachstumsfonds, b.value AG and Kale United. Leading global Foodtech investor Big Idea Ventures also participated in this round. Cultimate Foods is a B2B partner in supplying cell-cultivated premium fat ingredient to the alternative meat industry to tackle the problem of meat substitutes not tasting similar to meat products due to difficulty replicating its fat components. The company already run several commercial pilots with the food industry leaders. VC HTGF’s focus is on high-tech start-ups in the fields of digital tech, industrial tech, life sciences, chemistry and related business areas. “Science is the key to addressing many of the problems caused by the food industry. Through innovative technology, we can deliver the meaty flavours consumers crave while simultaneously cutting down on unethical intensive animal farming and tackling climate change by reducing CO2-emissions. Follow your passion and make the world a better place!,” commented Eugenia Sagué, Co-Founder and Managing Director of Cultimate Foods. |
24/04/2024 12:04 PM | 1 | |
42,529 | 24/04/2024 11:56 AM | PLD Space raises €78M for mission launch and Europe's largest private spacetech infrastructure | pld-space-raises-euro78m-for-mission-launch-and-europes-largest-private-spacetech-infrastructure | 24/04/2024 | The Spanish spacetech company PLD Space has raised €78 million in funding to advance its goal of launching the MIURA 5 mission by the end of 2025. This comes on top of the €42 million awarded in late January 2024 through PERTE (Strategic Projects for Economic Recovery and Transformation). PERTE is a new initiative that brings together the Spanish government, businesses, and research institutions to collaborate on important projects. With this latest funding, the total amount secured by the company surpasses €170 million. The aerospace company develops reusable rockets. It was founded in 2011 by Raúl Torres and Raúl Verdú. It is based in Elche (Alicante) and has technical facilities in Teruel, Huelva, and French Guiana. The company has a team of more than 190 professionals. According to the co-founder of PLD Space, Raúl Verdú:
Creating the largest private spacetech infrastructure in Europe By possessing its own facilities, the company reduces development times and improves cost effectiveness. The funds obtained will help the company expand the size of its facilities by five, growing from 169,000 to 834,000 square metres and extending its test facilities from 154,000 to 800,000 square metres. Construction work also will begin this year on the launch base at the European CSG spaceport in Kourou (French Guiana), which belongs to CNES. This site, covering over 15,700 square meters, will host MIURA 5’s first launches. PLD Space intends to inaugurate Spain's first serial space rocket factory in mid-2024. The facilities will also enable vertical integration of the launchers. Together, these industrial facilities mean that PLD Space will own the largest private infrastructure in Europe for designing, manufacturing, testing and launching space rockets. On the corporate side, the company plans to expand its workforce.. Throughout 2025, the focus will be on testing and launching the first MIURA 5 unit on its maiden flight. The company expects to begin commercial activity in 2026 and aims to achieve 30 launches a year by 2030. |
24/04/2024 12:04 PM | 1 | |
42,530 | 24/04/2024 11:39 AM | Paris startup adds ‘universal compute’ weapon to France’s growing AI arsenal | paris-startup-adds-universal-compute-weapon-to-frances-growing-ai-arsenal | 24/04/2024 | A startup promising “universal AI compute” has joined France’s thriving artificial intelligence sector. Paris-based FlexAI emerged from stealth today with a €28.5mn war chest and an ambitious plan to “unlock the future of machine intelligence.” To pick that lock, FlexAI is rearchitecting compute infrastructure. The plan’s centrepiece is an on-demand cloud service. Set to launch later this year, the product will enable developers to build and train AI applications with heterogeneous compute architectures. A software layer in the service will abstract and orchestrate the workload to the optimal architecture. The service is designed to maximise efficiency and simplicity. By providing… This story continues at The Next Web |
24/04/2024 12:04 PM | 3 | |
42,525 | 24/04/2024 11:15 AM | Blue Skies Space raises £2M to open up access to satellite data | blue-skies-space-raises-pound2m-to-open-up-access-to-satellite-data | 24/04/2024 | London-headquartered Blue Skies Space has secured over £2M in funding that will accelerate the delivery of its fleet of satellites. The funding will enable it to launch its first stargazing satellite in 2025. Space data company Blue Skies Space offers satellite-acquired data on stars, planets and other science domains to the global research community, which has traditionally been served by government agencies only. Traditionally, space data has been provided to researchers through government agencies (such as NASA, ESA etc) but there is huge demand for these satellites and they are often heavily oversubscribed. Blue Skies Space facilitates data sharing to any scientist in the world through annual memberships. The funding will enable the launch of Blue Skies Space’s first small satellite Mauve which will measure the activity of nearby stars, helping scientists understand the impact of powerful stellar flares on exoplanets and the prospects of harbouring life. The company aims to have a fleet of satellites in operation to complement the work researchers are doing with data from national space agencies. Universities and institutions from eleven countries have already signed up, including Cardiff University and the National Astronomical Observatory of Japan. Blue Skies’ team hail from NASA, Airbus, Surrey Satellite Technology, California Institute of Technology (Caltech) and University College London (UCL). The funding round includes investment from Japanese backers SPARX and SFC Capital in the UK. Dr Marcell Tessenyi, CEO and co-founder of Blue Skies Space, commented: “We believe great science doesn’t always need large satellites. Our first small satellite Mauve will measure the activity of nearby stars, helping scientists understand the impact of powerful stellar flares on exoplanets and the prospects of harbouring life. This funding enables us to launch Mauve by early 2025 and accelerate the deployment of subsequent satellites already under development, with the backing of SPARX and SFC Capital.” |
24/04/2024 11:34 AM | 1 | |
42,526 | 24/04/2024 11:10 AM | Investors in unicorn Pleo snap up secondary shares as valuation recovers after billions wiped off value | investors-in-unicorn-pleo-snap-up-secondary-shares-as-valuation-recovers-after-billions-wiped-off-value | 24/04/2024 | Investors in Danish spend management fintech Pleo snapped up secondary shares in the fintech unicorn earlier this year, as its valuation recovered “slightly" after billions were wiped off its value. Pleo, founded in 2015, achieved star status in 2021 when it became the fastest Danish startup to reach unicorn status, in just six years. The Danish startup, which has raised more than $430 million in funding, provides European businesses with various spend management tools including company cards, employee expense reports, as well as credit products. In 2021, it raised $150m at a $1.7bn valuation, and six months later raised another $200 million at a valuation of $4.7 billion, making it one of the more valuable fintech startups in Europe. But its valuation has taken a significant nosedive since, with billions of dollars wiped off its valuation, according to a valuation by one of its leading investors. In 2022 and 2023, several high-profile fintechs saw their valuations slashed amid a difficult economic environment. In the first quarter of 2024, Pleo was valued by Kinnevik, which holds a 14 per cent stake in Pleo, at around $2.3bn. Its $2.3bn valuation was three per cent higher than the previous quarter's valuation by Kinnevik. Kinnevik said: “Our fair value increases slightly in the quarter due primarily to a strengthened Euro.” Kinnevik and other investors acquired a “small number of secondary shares” in Pleo during the period, the Kinnevik report says. Other investors in Pleo include Coatue Management, Alkeon Capital and Bain Capital Ventures. A spokesperson for Kinnevik said: “Pleo is one of our core growth companies in which we have a strong conviction and therefore we bought some additional secondary shares." One reason VCs typically buy secondary shares is they might not be happy with their original allocation, so picking up secondaries is a way of gaining more ownership and control of a business. Next month, Soren West Lonning, a former executive with Chr Hansen, a Danish bioscience firm, is joining Pleo as CFO. Pleo laid off around 150 staff in 2022 and is understood to have asked for voluntary redundancies last year in its UK office. Pleo decined to comment. |
24/04/2024 11:34 AM | 1 | |
42,527 | 24/04/2024 11:00 AM | Senate Vote Leaves TikTok's Creator Economy Staring Into the Abyss | senate-vote-leaves-tiktoks-creator-economy-staring-into-the-abyss | 24/04/2024 | The US Senate voted to pass a bill that could see TikTok banned within a year, pitching creators and businesses dependent on the platform into an uncertain future. | 24/04/2024 11:34 AM | 4 | |
42,522 | 24/04/2024 11:00 AM | Teylor acquires creditshelf in a quest to dominate European lending | teylor-acquires-creditshelf-in-a-quest-to-dominate-european-lending | 24/04/2024 | Swiss-headquartered lending platform Teylor has acquired the German SME financing platform creditshelf. The transaction is structured as an asset deal, whereby Teylor will purchase the key operating assets of creditshelf AG. The acquisition will broaden Teylor’s debt product offering and increase its client base substantially. creditshelf CEO Dr. Tim Thabe and CFO Dr. Daniel Bartsch will join Teylor’s team to support the ongoing expansion of the pan-European platform. Teylor plans further acquisitions of businesses that will expand its client reach, product competence and regional scope as well as enhancements of the (tech) platform, in an effort to build Europe’s leading lending platform. As well as ambitions to further consolidate its market share, the company also plans to close significant growth equity and debt fundraising rounds to support its further development and M&A strategies. Teylor CEO Patrick Stäuble commented: "By acquiring creditshelf we can leverage enormous synergies in our lending business as we can penetrate a new market segment with new products, take over a complementary technology platform and gain access to some of the brightest industry talents with many years of experience. This acquisition is a major milestone for Teylor but is only the first of many transactions.” Dr. Tim Thabe, CEO of creditshelf, commented: "creditshelf’s strong origination pipeline shows that our products meet the needs of the SME market. It is, therefore, a great outcome and signals continuity for our clients and employees who will join forces with Teylor.” |
24/04/2024 11:04 AM | 1 | |
42,523 | 24/04/2024 10:36 AM | Berlin-based Parloa bags €61.7 million Series B to scale and expand AI-powered customer service platform | berlin-based-parloa-bags-euro617-million-series-b-to-scale-and-expand-ai-powered-customer-service-platform | 24/04/2024 | Parloa, a leader in AI-powered automation for customer service, announced that it has raised €61.7 million in Series B funding led by Altimeter Capital, with participation from new and existing investors EQT Ventures, Newion, Senovo, Mosaic Ventures and La Famiglia Growth. The funding brings Parloa’s total capital raised to-date to $98 million, following its $21… This content is for members only. Visit the site and log in/register to read.
The post Berlin-based Parloa bags €61.7 million Series B to scale and expand AI-powered customer service platform appeared first on EU-Startups. |
24/04/2024 11:04 AM | 6 | |
42,524 | 24/04/2024 10:09 AM | Meet the speakers of our “How to avoid financial hiccups when scaling internationally” panel discussion at this year’s EU-Startups Summit | meet-the-speakers-of-our-how-to-avoid-financial-hiccups-when-scaling-internationally-panel-discussion-at-this-years-eu-startups-summit | 24/04/2024 | On May 9-10, we’ll be hosting the 10-year anniversary of our Summit, this time in sunny Malta! At the event, we’ll have lots of exciting speakers, panel discussions, networking activities, pitch competitions, and much more. The EU-Startups Summit will gather over 2,000 founders, startup enthusiasts, and investors for two days of networking, inspiration, and learning!… This content is for members only. Visit the site and log in/register to read.
The post Meet the speakers of our “How to avoid financial hiccups when scaling internationally” panel discussion at this year’s EU-Startups Summit appeared first on EU-Startups. |
24/04/2024 11:04 AM | 6 | |
42,520 | 24/04/2024 10:04 AM | a16z-backed ComplyAdvantage acquires US company Golden | a16z-backed-complyadvantage-acquires-us-company-golden | 24/04/2024 | UK financial crime intelligence company ComplyAdvantage has acquired US company Golden.
Financial institutions and other regulated entities are required by law to ensure the legitimacy of the people and organisations they choose to do business with and the legality of the transactions they facilitate.
ComplyAdvantage uses AI and machine learning to parse through a continuously updated database of entities to give clients the most accurate 360-degree view of financial crime risk. As clients respond to alerts, a feedback loop continuously enriches the insights ComplyAdvantage provides. The company has five global hubs in New York, London, Singapore, Cluj-Napoca, and Lisbon. Golden is a San Francisco-based innovator automating the construction of one of the world's largest knowledge graphs. This graph shows interconnected data points and their relationships to analyse complex information. Golden's data extraction and disambiguation using sophisticated natural language processing will bring additional disparate data sources into ComplyAdvantage's data ingestion layer, providing clients with even more comprehensive, real-time financial crime risk insights. As part of the acquisition, Andreessen Horowitz (a16z) joins various investors, including Goldman Sachs, Ontario Teachers' Pension Plan, Index Ventures, and Balderton Capital. According to Vatsa Narasimha, CEO of ComplyAdvantage:
Jude Gomila, Golden founder and CEO, who will join ComplyAdvantage as a board observer and special advisor, added:
Lead image: Vatsa Narasimha, CEO of ComplyAdvantage. Photo: uncredited. |
24/04/2024 10:34 AM | 1 | |
42,521 | 24/04/2024 10:00 AM | The Showdown Over Who Gets to Build the Next DeLorean | the-showdown-over-who-gets-to-build-the-next-delorean | 24/04/2024 | Decades after her dad’s iconic sports car time-traveled into movie history, Kat DeLorean wants to build a modern remake. There’s just one problem: Someone else owns the trademark on her name. | 24/04/2024 10:34 AM | 4 | |
42,518 | 24/04/2024 09:36 AM | AI-powered Sorted secures £1.65M to tackle global recycling crisis | ai-powered-sorted-secures-pound165m-to-tackle-global-recycling-crisis | 24/04/2024 | Sorted, a London-based recycling tech company has raised £1.65 million in Seed funding. Governments are increasing pressure to reduce reliance on single-use materials and increase recycled content. However, the waste industry is struggling to meet this demand because of the complexity behind sorting recycled materials such as plastic, compounding a missed $133 billion opportunity. Sorted is tackling the global sustainability issue by enabling human pickers to better sort and recover targeted materials. Using computer vision, spectroscopy and coloured lasers driven by AI, their solution identifies, differentiates and pinpoints valuable items on recycling lines. This unique use of AI offers a digitised solution to a very physical problem. In its first use case, Sorted has improved residual waste recovery by over 50 per cent by increasing picker performance. Instead of going into incineration, each item recovered represents additional revenue potential for Sorted’s customers and reduces carbon emissions. Sorted was co-founded in 2022 by Arthur Goujon and Luis Espinosa. Goujon has over 15 years experience in waste management and tech, including as Head of Digital at the global waste management company SUEZ, and Espinosa has helped scale numerous unicorns over the past decade, including Uber, Rappi and DiDi. Sorted’s customers include some of the largest waste management and recycling firms in the UK and France, including SUEZ UK and Cawleys. Arthur Goujon, Co-Founder and CTO at Sorted, said:
Pi Labs led the round, which included Archipelago Ventures, Circular Plastics Accelerator, Conduit Connect, Antler and angel investors. Faisal Butt, Founder and Managing Partner at Pi Labs, said:
Fred Stinchcombe, Production Regional Manager at SUEZ UK, said:
The new funding will enable Sorted to expand its business development and technical teams, accelerating its go-to-market strategy.” Lead image: [founding team: Edward Rosten, Arthur Goujon (CTO), Luis Espinosa (CEO), Kate Pleteneva, and Robin Brown. Photo: uncredited. |
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42,514 | 24/04/2024 09:30 AM | PeppercornAI raises £3.25M to help insurance keep up with AI | peppercornai-raises-pound325m-to-help-insurance-keep-up-with-ai | 24/04/2024 | Insurtech PeppercornAI has raised £3.25M in a round from Wealth Club, EHE and Angels Invest Wales. Despite a downturn in investment into UK fintech and insurtech, the round was oversubscribed. In April 2022, the company secured £1.8m in seed funding from EHE Capital. The Cardiff-based company uses conversational AI (chatbots) to reduce operating costs, better protect risk and deliver a better customer experience, which is offered through its SaaS platform Pipr. The funding will be used to further develop the company’s conversational AI platform and support the pipeline of B2B demand in the UK and from overseas. Nigel Lombard, CEO and Founder of PeppercornAI commented: “The insurance industry has barely changed since insurance started being sold online thirty years ago. Technology, specifically AI, has the potential to completely change the way consumers buy and manage their insurance policies and can also deliver significant benefits to providers at the same time. “However, as an industry that’s historically been slow to adopt technology, insurance providers are worried about keeping up with the pace in which AI is developing. That’s where PeppercornAI comes in. Our team of insurance experts has built and proven a new model that allows providers to unlock the benefits of the technology now, can be integrated seamlessly and quickly, and ensures their businesses aren’t left behind. My thanks for the continual support of EHE Capital, to Angels Invest Wales and for the brilliant team at Wealth Club for making the raise so successful.” Gayle Bowen, Head of Direct company investments at Wealth Club said: “We believe PeppercornAI has the potential to transform the insurance industry and it became clear to us that Nigel and his team were the people to do it given their deep sector knowledge and network. The fact that they were able to prove the technology works, demonstrating tangible results and achieving industry-leading metrics significantly contributed to their success in securing investment.” |
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42,519 | 24/04/2024 09:19 AM | Check out the Official Side Events of this year’s EU-Startups Summit | check-out-the-official-side-events-of-this-years-eu-startups-summit | 24/04/2024 | As the excitement is building up for the 10-year anniversary of the EU-Startups Summit on May 9-10 in Malta, attendees can expect a great lineup both on the Main Stage and Growth Stage. From fireside chats with globally renowned founders to captivating keynotes, and a thrilling pitch competition featuring Europe’s brightest startup talents, the on-stage… This content is for members only. Visit the site and log in/register to read.
The post Check out the Official Side Events of this year’s EU-Startups Summit appeared first on EU-Startups. |
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