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id | date | title | slug | Date | link | content | created_at | feed_id |
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42,507 | 23/04/2024 11:21 PM | Noncompetes Are Dead—and Tech Workers Are Free to Roam | noncompetes-are-deadand-tech-workers-are-free-to-roam | 23/04/2024 | A new rule from the US Federal Trade Commission invalidates most noncompete agreements, frequently used to bind tech workers. It could unlock higher wages, and more entrepreneurship and innovation. | 23/04/2024 11:34 PM | 4 | |
42,506 | 23/04/2024 11:01 PM | World-first satellites for commercial science set for launch in 2025 | world-first-satellites-for-commercial-science-set-for-launch-in-2025 | 23/04/2024 | A British startup aims to launch science satellites into space in 2025 after raising a fresh £2mn. Blue Skies Space has devised a unique business plan for the stargazers. They will be the first-ever science satellites that provide data directly to researchers via a membership model, the company said. The approach offers a new route to the secrets of our universe. Currently, researchers rely on government agencies such as NASA and ESA to access space data. Unfortunately, this supply doesn’t meet the demand. The James Webb Telescope, for instance, received 1,600 requests for observing time. Only of them 249 were selected. That equates to… This story continues at The Next Web |
23/04/2024 11:34 PM | 3 | |
42,505 | 23/04/2024 09:45 PM | Tesla Promises ‘More Affordable Models’ and a ‘Cybercab’ | tesla-promises-more-affordable-models-and-a-cybercab | 23/04/2024 | Elon Musk’s automaker told investors Tuesday that sales and revenue are down but that new “more affordable vehicles” will launch before mid 2025, sooner than originally planned. | 23/04/2024 10:04 PM | 4 | |
42,504 | 23/04/2024 03:54 PM | Berlin-based Cultimate Foods raises €2.3 million to deliver meaty flavors while cutting down on intensive farming | berlin-based-cultimate-foods-raises-euro23-million-to-deliver-meaty-flavors-while-cutting-down-on-intensive-farming | 23/04/2024 | Cultimate Foods, a biotech startup based in Berlin’s Biocube and Hannover (Institut für Technische Chemie, Leibniz Universität Hannover), successfully closes its €2.3 million seed round to scale up production processes, expand commercial collaborations and operation. The round was led by High-Tech Gründerfonds (HTGF), one of Europe’s leading seed investors. HTGF was joined by the Life… This content is for members only. Visit the site and log in/register to read.
The post Berlin-based Cultimate Foods raises €2.3 million to deliver meaty flavors while cutting down on intensive farming appeared first on EU-Startups. |
23/04/2024 05:04 PM | 6 | |
42,503 | 23/04/2024 03:09 PM | Chip giant ASML plans Eindhoven expansion in big win for Dutch tech | chip-giant-asml-plans-eindhoven-expansion-in-big-win-for-dutch-tech | 23/04/2024 | In a major win for the Dutch tech industry, chip giant ASML intends to remain and further expand in the Netherlands. The chip machine manufacturer has signed a non-binding letter of intent with the City Council of Eindhoven, eyeing a potential expansion at the Brainport Industries Campus (BIC), west of the city. Located at Eindhoven’s Brainport region — a major tech and innovation hub in Europe — BIC is dedicated to the high-tech manufacturing industry. For ASML, BIC represents an “interesting option,” Roger Dassen, the company’s CFO, said in a statement. That’s because of the campus’ close proximity to Veldhoven, where… This story continues at The Next Web |
23/04/2024 03:34 PM | 3 | |
42,502 | 23/04/2024 02:42 PM | Scottish Systal Technology plants US base in Tampa, Florida | scottish-systal-technology-plants-us-base-in-tampa-florida | 23/04/2024 | Glasgow-based cloud provider Systal Technology Solutions is opening a new operations centre in Tampa, Florida, where new projects will be based as it expands commercial operations in North America. Founded in 2008, Systal is a global managed network, cloud, and security transformation specialist. The company manages complex and tailored technology services for enterprise businesses across 3,500+ sites in 93 countries. One of the UK’s fastest-growing tech startups and Scotland’s largest independent technology services provider, Systal has recorded consecutive years of strong double-digit revenue growth, most recently by 77%, and has over 900 employees. This scaling success is reflected by its recent inclusion as the only new entrant of 17 businesses in Gartner’s Magic Quadrant™ for Managed Network Services. Mayor of Tampa Jane Castor commented: “Tampa’s rise as one of the fastest-growing tech hubs for talent continues to attract leading cybersecurity companies from around the globe. It was a pleasure to meet the Systal team during their site visit and I am thrilled they have chosen Tampa for their U.S. headquarters. They will find the high-quality talent, collaborative community, and supportive ecosystem they need to continue growing.” |
23/04/2024 03:04 PM | 1 | |
42,500 | 23/04/2024 02:25 PM | EU threatens to suspend ‘addictive’ TikTok feature by end of today | eu-threatens-to-suspend-addictive-tiktok-feature-by-end-of-today | 23/04/2024 | Yesterday, the EU issued TikTok an ultimatum. The Chinese-owned social media app was given just 24 hours to outline the mental health risks related to its new app TikTok Lite or face huge daily fines. This is the EU’s second probe into TikTok under the Digital Service Act (DSA). The DSA is a new law to protect users from harmful or illegal online content. It requires large platforms like TikTok to submit a risk assessment before launching any major new features. The EU’s latest gripe with the Chinese-owned company is over TikTok Lite. The barebones version of the regular app… This story continues at The Next Web |
23/04/2024 02:34 PM | 3 | |
42,501 | 23/04/2024 01:35 PM | Meet the speakers of our “Current State and Future of Venture Capital in Europe” panel discussion at this year’s EU-Startups Summit | meet-the-speakers-of-our-current-state-and-future-of-venture-capital-in-europe-panel-discussion-at-this-years-eu-startups-summit | 23/04/2024 | On May 9-10, we’ll be hosting the 10th anniversary of our annual EU-Startups Summit in sunny Malta! At the event, we’ll have lots of exciting speakers, panel discussions, networking activities, a big pitch competition and much more. The EU-Startups Summit will gather over 2,000 founders, startup enthusiasts and investors for two days of networking, inspiration… This content is for members only. Visit the site and log in/register to read.
The post Meet the speakers of our “Current State and Future of Venture Capital in Europe” panel discussion at this year’s EU-Startups Summit appeared first on EU-Startups. |
23/04/2024 02:34 PM | 6 | |
42,498 | 23/04/2024 12:30 PM | PAI Partners buys out Ardian's stake in Audiotonix for £2B | pai-partners-buys-out-ardians-stake-in-audiotonix-for-pound2b | 23/04/2024 | PE firm PAI Partners has acquired a majority stake in UK-based Audiotonix, who supplies audio mixing products such as decks and soundsystems, while Ardian retains a minority stake and management of the company. Audiotonix was acquired by Ardian in March 2020 and possesses the most extensive product portfolio in the market with a global presence that covers 90 countries. It has a portfolio of companies in the sound engineering or adjacent markets, including Allen & Heath, DiGiCo, Calrec, Solid State Logic, Sound Devices, Slate Digital, and sonible. The conglomerate distributes its products through an international network of more than 400 value-added distributors and partners in more than 90 countries worldwide, with a sizable footprint in North America. PAI’s investment will support Audiotonix to leverage sustained and accelerating secular trends towards the experience economy. It will also continue to support further strengthening of the group’s R&D capabilities, foster brand synergies, drive organic growth and pursue strategic M&A opportunities across the audio ecosystem. Olivier Personnaz, Head of Buyout UK & Managing Director at Ardian, said:
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23/04/2024 12:34 PM | 1 | |
42,497 | 23/04/2024 11:00 AM | A National Security Insider Does the Math on the Dangers of AI | a-national-security-insider-does-the-math-on-the-dangers-of-ai | 23/04/2024 | Jason Matheny, CEO of the influential think tank Rand Corporation, says advances in AI are making it easier to learn how to build biological weapons and other tools of destruction. | 23/04/2024 11:34 AM | 4 | |
42,499 | 23/04/2024 10:46 AM | A Glimpse into the Exhibition Hall of the EU-Startups Summit 2024 in Malta | a-glimpse-into-the-exhibition-hall-of-the-eu-startups-summit-2024-in-malta | 23/04/2024 | The stage is almost set, and we are getting ready to welcome all of you at this year’s EU-Startups Summit on the amazing island of Malta on May 9-10! The upcoming edition marks the 10th Anniversary of the summit, and we’re taking it to new heights! We’ve curated a line-up of trailblazing speakers, thought-provoking panel… This content is for members only. Visit the site and log in/register to read.
The post A Glimpse into the Exhibition Hall of the EU-Startups Summit 2024 in Malta appeared first on EU-Startups. |
23/04/2024 01:04 PM | 6 | |
42,494 | 23/04/2024 10:45 AM | Infogrid appoints new CEO and board members | infogrid-appoints-new-ceo-and-board-members | 23/04/2024 | Infogrid, the SaaS which uses analytics to increase efficiency within real estate construction, has appointed a new CEO as it looks to scale. Kate Henningsen, co-founder of climate tech Arcadia, will lead the company. Arcadia is an energy data platform connecting millions of households to their utility data that has grown to a climate tech unicorn. Now at Infogrid, she'll lead the organisation in responding to the global demand for high-quality data. Building owners and occupiers face increasing pressure to monitor and optimise building performance and impact, including climate legislation in Europe and the US, high operating costs and interest rates and even the rise of hybrid working. Kate joins the company as it raises a Series B extension round, bringing in two new investors Keyframe Capital and A/O. Existing investors Northzone and The Venture Collective also joined the latest fundraising, along with a consortium of European real estate owners. Four new directors have also been appointed to the board: Ben Birnbaum Partner at Keyframe Capital, Gregory Dewerp Founder and chief investment officer, at A/O, Stephen Goldstein, President of Kernel and former Deliveroo executive and Nick Shekerdemian, Founding partner at The Venture Collective. Kate said:
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23/04/2024 11:04 AM | 1 | |
42,495 | 23/04/2024 10:43 AM | Polish startup ForActive secures over $1.6M for fitness payment and comms app | polish-startup-foractive-secures-over-dollar16m-for-fitness-payment-and-comms-app | 23/04/2024 | ForActive, a Polish company developing a payments and communication app for independent sports instructors, has raised over $1.6 million in a Pre-Seed round. ForActive helps independent service providers, such as gym, fitness, yoga, swimming, and dance instructors with payment collection and client communication. Collecting payments is a major challenge for sports instructors due to a fragmented market that includes enterprise solutions as well as peer-to-peer apps like PayPal or Venmo. Additionally, independent trainers face issues with overdue payments and late cancellations. ForActive addresses these problems by automating payments within the app, making fitness professionals financially sound, and their clients happy and focused on their fitness goals, rather than stressing about the transaction. ForActive is also a communication platform, both between instructors and their trainees and sports enthusiasts themselves. Service providers can use a single tool to contact their clients without repeatedly copying and pasting the same messages across different apps and answering calls from trainees who missed important information. In addition, training group members can chat, thus creating communities of people with similar passions. The company was founded by Maciej Biegański, a former VP Product & Head of UX at Booksy, an appointment booking software for the health & beauty industry. He also had training from diving and climbing instructors, allowing him to gain an insight into the challenges faced by his teachers:
“There is no one-size-fits-all solution for all industries. Sports and fitness coaching require developing and maintaining relationships, often not at an individual level but across groups of like-minded people. ForActive is a product addressing exactly these needs," says Dawid Kowalski, VP Marketing at ForActive. ff Venture Capital and Movens Capital lead the funding, along with business angels, including Booksy co-founder Konrad Howard and Flyer One Ventures general partner Vital Laptenok.
"This investment is a commitment to a venture poised to reshape the wellness and fitness industry with significant impact,” says Mariusz Adamski, Partner at ff Venture Capital. According to Michał Olszewski, Partner at Movens VC:
The company will use the funds to develop the product and expand its presence in the US market. Lead image: Maciej Biegański, Founder and CEO of ForActive. Photo: uncredited. |
23/04/2024 11:04 AM | 1 | |
42,496 | 23/04/2024 10:40 AM | Polish startup ForActive raises €1.5 million pre-seed to boost independent sports instructors | polish-startup-foractive-raises-euro15-million-pre-seed-to-boost-independent-sports-instructors | 23/04/2024 | ForActive, a Polish startup developing a payments and communication app for independent sports instructors, has raised over €1.5 million in a pre-seed round, led by the New York-based ff Venture Capital and Movens Capital, along with business angels, including Booksy co-founder Konrad Howard and Flyer One Ventures general partner Vital Laptenok. The company will use… This content is for members only. Visit the site and log in/register to read.
The post Polish startup ForActive raises €1.5 million pre-seed to boost independent sports instructors appeared first on EU-Startups. |
23/04/2024 11:04 AM | 6 | |
42,493 | 23/04/2024 10:31 AM | Hundreds of users sue Grindr for allegedly selling their HIV data to advertisers | hundreds-of-users-sue-grindr-for-allegedly-selling-their-hiv-data-to-advertisers | 23/04/2024 | Grindr is being sued. The LGBTQ+ dating app is accused of sharing its users’ medical data with advertisers. This data includes their HIV status. UK law firm Austen Hays filed the claim at London’s High Court yesterday. The class action lawsuit represents hundreds of users of the app. Austen Hays claims that US-based Grindr breached UK data protection law by selling sensitive data to third parties without users’ consent. Aside from medical facts, this includes info about people’s ethnicity, sex life, and sexual orientation. “Our clients have experienced significant distress over their highly sensitive and private information being shared without… This story continues at The Next Web |
23/04/2024 10:34 AM | 3 | |
42,492 | 23/04/2024 10:26 AM | Seraphim Space launches second spacetech fund | seraphim-space-launches-second-spacetech-fund | 23/04/2024 | UK-based spacetech VC Seraphim Space have closed their new fund Seraphim Space Ventures II LP (SVII). Seraphim Space is the most prolific spacetech investor globally, with investments in over 120 SpaceTech companies in 27 countries that have raised more than $3 billion in funding. SSV II will support 30 companies, and will prioritise:
Having launched the world’s first venture fund focused on SpaceTech in 2016, Seraphim Space now also operates a leading spacetechech accelerator, the Seraphim Space Accelerator, as well as the world’s first listed spacetech growth fund, Seraphim Space Investment Trust PLC. Notable previous investments by the VC include ICEYE, HawkEye 360, LeoLabs, D-Orbit, Spire Global, Voyager, AST SpaceMobile and Tomorrow.io. New backers to this fund include Eutelsat, NEC and SKY Perfect JSAT. The fund has already made nine investments aligned with some of these key themes via a warehouse portfolio, such as:
Mark Boggett, CEO and General Partner at Seraphim Space, commented: “We are delighted to announce that Seraphim Space Ventures II has achieved its first close and are excited to continue our quest for helping SpaceTech’s most pioneering entrepreneurs change the world for the better. "By focusing on investing globally and at an early stage, the new Fund will strengthen our ability to support SpaceTech’s brightest stars through every step of their journey. With our investment-readiness focused accelerator helping start-ups to reach the launch pad, the new Fund providing ignition for lift off, and our listed growth fund providing the fuel to achieve escape velocity, we have a unique offering to help our companies sky-rocket.” |
23/04/2024 10:34 AM | 1 | |
42,490 | 23/04/2024 09:46 AM | Uzbekistan's Tech Frontier: From Silk Road Legacy to Central Asia’s Silicon Valley Challenger [Advertorial] | uzbekistans-tech-frontier-from-silk-road-legacy-to-central-asias-silicon-valley-challenger-advertorial | 23/04/2024 | The Silk Road opened a dynamic commercial and cultural corridor between East and West which has in many ways defined the modern world. Uzbekistan stood at the centre of a global network of scholars, inventers, craftsmen and merchants, whose contact advanced our collective understanding of everything from science and medicine to philosophy and theology. With the rise of its first tech unicorn – digital services ecosystem Uzum – Uzbekistan is once more establishing itself as a key outpost in a global quest for innovation and technological advancement. To those unfamiliar with this country, the emergence of a burgeoning tech scene in Uzbekistan might come as a surprise. However, to those immersed in Uzbek society, and schooled in its fundamental strengths and economic potential, the country’s status as Central Asia’s answer to Silicon Valley figures. Uzbekistan’s promise as a tech hub is underpinned in part by important demographic strengths: hosting half the population of Central Asia as a whole, Uzbekistan’s is an overwhelmingly young population, 60% of which is under 30 years of age. Moreover, this dynamic population is generally highly educated and often multilingual – with a near 100% literacy rate. An emphasis on STEM fields persists in Uzbekistan, the legacy of a rigorous Soviet curriculum, and the government has demonstrated its willingness to invest into further expanding education, particularly tertiary. Not only did the Higher Education Ministry’s budget increase by 44% in 2023, authorities have also declared their intention of educating 50% more high school graduates – particularly in technical disciplines – by 2030, a target which will involve the building of 30 new universities in the country. Compounding the educational advantages enjoyed by Uzbeks, the country boasts the highest rates of internet access in the region (with 31 million network users and 99% coverage) and a strong culture of technological proficiency. The popularity of IT education has been borne out by the success of the “One million Uzbek Coders” initiative, a free distance learning programme emphasising Data Analytics, Android Development, FrontEnd Development and FullStack Development. A young, tech-literate population has combined with a government agenda focussed on economic liberalisation to spur rapid and dramatic growth in Uzbekistan’s IT sector. The sheer rate of this sector’s expansion borders on the exponential: for example, where the country hosted 14 foreign IT companies in 2020, within three years the figure stood at 300. Through the IT Park scheme established in 2019, whereby entrepreneurs are incentivised to establish their tech operations in Uzbekistan via generous tax breaks as well as streamlined administration and financing options, this central Asian nation has emerged as the region’s pre-eminent start-up haven, with more than 1200 thriving startups and counting. Uzum’s success – most recently highlighted by its successful $52mn fundraise – reflects the opportunity presented by the Uzbek market. An ecosystem which combines e-commerce, fintech and banking services for individuals and small and medium-sized enterprises, Uzum launched in 2022 and by the following year ranked as the country’s most downloaded app with 10 million users every month. More widely, according to KPMG, Uzbekistan’s e-commerce market has the potential to grow seven-fold by 2027. Uzbekistan has asserted itself as a market in which demand for tech services and products is high and well-informed. “The Uzbek market has enormous potential, and Uzum’s case confirms this. According to our forecasts, the volume of online payments in the country will increase by 6 times by 2026, the e-commerce market will grow by 8-9 times over the same period, and the fintech market will grow by 8 times. Such growth is made possible by the increasing internet penetration in the country, and today, the cost of mobile internet in Uzbekistan is one of the lowest in Central Asia, as well as, of course, government support for small and medium-sized businesses, the development of educational programs, and the emergence of convenient national digital services”, said Nikolay Seleznev, Uzum chief strategy and business development officer. But the growth of Uzbekistan’s tech sector cannot be achieved in splendid isolation: foreign investors and corporates have a pivotal role to play, both as financiers and mentors. This reality is well-understood by Uzbek authorities, who are working hard to court international investment with a slew of economic liberalisation and privatisation measures. Discussing the upcoming Tashkent International Investment Forum (TIIF), Uzbekistan’s Minister of Investment and Trade Laziz Kudratov, declared his expectation that “digitalization and the attraction of investments to this country’s IT sector will be an essential theme for discussion at the forum – tech is in many ways the big opportunity we present to the world”. Though proof of the country’s successful modernisation efforts, Uzbekistan’s tech prowess also reflects its population’s old identity, as people of the Silk Road who actively engaged in the spread of modernising technologies and ways of thinking. Where many national histories are tales of efforts to isolate and secure regions from outside influence and innovations, Uzbekistan’s outlook has been forged by a centuries-old desire to welcome the novel – and tech is this nation’s newest frontier. |
23/04/2024 10:04 AM | 1 | |
42,491 | 23/04/2024 09:42 AM | Octomind raises $4.8M for AI-powered web testing | octomind-raises-dollar48m-for-ai-powered-web-testing | 23/04/2024 | Six months after emerging from stealth mode, German software company Octomind has raised $4.8 million to transform web testing with generative AI. Octomind has created a working AI agent that knows what to test, writes the tests, and keeps them up to date — all without human input, solely from looking at a website. It enables businesses to find bugs before customers do. "Thanks to no-code tools and AI, everyone can generate web apps. But that's not the full story. They also need an expert who guarantees that the generated code doesn't contain bugs. We've built Octomind to be that testing expert," says Marc Mengler, co-founder and CEO. Founders Marc Mengler and Daniel Roedler, brought Octomind to life out of a shared frustration with the status quo in software testing. Mengler has been developing web apps to bring his AI research to users since 2015. Roedler was previously responsible for GoToMeeting and AI data labelling products at Understand.ai. These featured millions of users per day. Testing was a critical part of the development routine in these companies, but no good solution existed to automate the process, meaning a heavy investment in manual quality assurance. According to Daniel Roedler, co-founder and CTO:
The biggest challenge of AI-based testing is combining the deterministic nature of tests with non-deterministic AI. Developers need to ensure that the test code is 100 per cent valid. As a result, Octomind uses AI for its commonsense knowledge and leaves the code generation to more predictable systems. Its AI agent navigates through the web app, understands it, and identifies relevant user flows that need to work. It mimics the user (e.g., clicks on the input field and enters email, clicks on sign-up to newsletter, etc.), records and stores the interaction chain. The corresponding test code is created deterministically without any hallucinations.
The round is led by Cherry Ventures and features angels such as Sean Mullaney of Algolia, Charlie Songhurst (ex-Microsoft) and Lutz Finger (ex-Linkedin, ex-Snapchat). Jasper Masemann, partner at Cherry Ventures, shared:
The fresh capital will go towards baking stability and trust into AI-based testing. Lead image: Octomind. Photo: uncredited. |
23/04/2024 10:04 AM | 1 | |
42,487 | 23/04/2024 08:31 AM | Swiss venture capital firm 14Peaks closed its inaugural fund of over €28 million to power software startups in fintech | swiss-venture-capital-firm-14peaks-closed-its-inaugural-fund-of-over-euro28-million-to-power-software-startups-in-fintech | 23/04/2024 | Venture capital firm based in Switzerland 14Peaks Capital has successfully closed its first fund of over €28 million in capital commitments from an impressive consortium of limited partners (LPs), consisting of influential High Net net-worth individuals (HNIWs) and family offices spanning Europe and the United States. Established in 2022 by Edoardo Ermotti, the fund’s solo… This content is for members only. Visit the site and log in/register to read.
The post Swiss venture capital firm 14Peaks closed its inaugural fund of over €28 million to power software startups in fintech appeared first on EU-Startups. |
23/04/2024 09:05 AM | 6 | |
42,485 | 23/04/2024 08:24 AM | 14Peaks Capital closes first fund at $30M for the future of B2B SaaS | 14peaks-capital-closes-first-fund-at-dollar30m-for-the-future-of-b2b-saas | 23/04/2024 | Venture capital firm 14Peaks Capital has successfully closed its first fund at $30 million in capital commitments from a consortium of High-net-worth individuals (HNWIs,) limited partners (LPs) and family offices spanning Europe and the US. Established in 2022, 14Peaks invests in Pre-Seed to Series A B2B SaaS companies, specifically interested in Fintech and the Future of Work. It has 11 companies in its portfolio to date ranging from data collaboration and workflow automation, to payment software and fraud detection. 14Peaks founder Edoardo Ermotti began investing as a business angel in 2019. To date, he has supported over 25 companies and has selectively invested in funds as a limited partner. Concurrently, he gained experience at a mid-market private equity firm in London. Subsequently, he transitioned to a family office, initially based in Switzerland and later in the US, where he spearheaded the development and leadership of the early-stage investment division. He wanted to create a closer, stronger relationship between GPs, LPs, and founders by raising from an intimate circle of highly-vetted, seasoned executives and entrepreneurs who could take a more active role in supporting portfolio founders, exchanging ideas, and co-investing with people they trust. Ermotti shared:
With a base in Europe and a vast network in the US, the fund also helps companies expand beyond their domestic markets. “14Peaks has been an incredibly supportive investor. Ever since we met them, the team has rolled up their sleeves and been very hands-on and proactive in transforming us into an organisation that can truly scale in an emerging market,” said Han Sahin, the co-founder of a Netherlands-based cybersecurity company, Threatfabric, that 14Peaks invested in last year. Looking ahead, 14Peaks aims to expand its portfolio to a total of 25 companies out of its first fund. Lead image: 14Peaks founder Edoardo Ermotti. Photo: uncredited. |
23/04/2024 08:34 AM | 1 | |
42,488 | 23/04/2024 08:01 AM | Czech startup Talsec secures €1 million to offer a protection toolkit for mobile-first businesses | czech-startup-talsec-secures-euro1-million-to-offer-a-protection-toolkit-for-mobile-first-businesses | 23/04/2024 | With users increasingly favoring mobile applications over computers, attackers are turning their attention toward mobile devices. However, company executives often view security costs as a “necessary evil” due to their indirect impact on revenues. Czech startup Talsec aims to change this perspective by offering specialized tools for app developers that protect against hackers, conceal sensitive… This content is for members only. Visit the site and log in/register to read.
The post Czech startup Talsec secures €1 million to offer a protection toolkit for mobile-first businesses appeared first on EU-Startups. |
23/04/2024 09:05 AM | 6 | |
42,486 | 23/04/2024 08:01 AM | French quantum computing powerhouses Pasqal and Welinq announce partnership | french-quantum-computing-powerhouses-pasqal-and-welinq-announce-partnership | 23/04/2024 | Today, two French quantum computing companies, Pasqal and Welinq, announced a partnership set to bring new standards to the quantum computing industry. Pasqal builds quantum processors from ordered neutral atoms in 2D and 3D arrays to give its customers a practical quantum advantage and address real-world problems. It was founded in 2019 out of the Institut d'Optique by Georges-Olivier Reymond, Christophe Jurczak, Professor Dr Alain Aspect—Nobel Prize Laureate Physics, 2022, Dr Antoine Browaeys, and Dr Thierry Lahaye. To date, Pasqal has secured more than €140 million in financing. Welinq develops and commercialises quantum links based on laser-cooled neutral atom quantum memories to interconnect quantum computers, drastically increasing their computational power and ensuring their deployment in clusters on customer premises. The company spun out from Sorbonne Université, CNRS and PSL-University and was founded in 2022 by Tom Darras, Prof Julien Laurat, Dr Eleni Diamanti and Jean Lautier-Gaud. The next-generation Quantum Processing Units (QPUs) are expected to execute quantum algorithms relying on a large number of qubits while applying error correction, which would necessitate an even more significant number. Welinq harnesses a unique solution to interconnect multiple QPUs, significantly enhancing computational power. This facilitates scaling up the number of qubits and optimised QPU deployment and establishes the foundation for expansive quantum networks. Welinq's world-leading quantum memories are central to this breakthrough, which are essential in creating these pivotal quantum links. The two companies aim to push the boundaries of quantum processing unit (QPU) interconnectivity. Welinq brings their full-stack, turnkey quantum links to the partnership and the world's most efficient quantum memories based on cold neutral atoms, promising to provide the scalability necessary for achieving fault-tolerant quantum computing. Pasqal offers expertise in quantum computing with neutral atoms, featuring full-stack capabilities from hardware design and development to software solutions. An ambitious neural roadmapBy the end of 2024, Welinq targets an industrial prototype of their neutral atom quantum memory with cutting-edge efficiency, storage time, and fidelity. Pasqal aims for a breakthrough in 2024 with 1000-qubit QPUs. T he roadmap peaks in the 2026-2027 horizon with projected 10,000-qubit QPUs and high-fidelity two-qubit gates. By 2030, they aim to foster a thriving quantum computing ecosystem, driving significant scientific and commercial advancements. Multiple Pasqal neutral atom quantum processors will be interconnected for the first time, significantly boosting computing power. This represents a substantial step toward developing a complete, fault-tolerant quantum computing architecture that supports distributed computing. Georges-Olivier Reymond, CEO and co-founder Pasqal commented:
According to Tom Darras, CEO & Co-founder of Welinq:
Lead image: Dynamic Wang. |
23/04/2024 08:34 AM | 1 | |
42,489 | 23/04/2024 07:38 AM | London-based recycling startup Sorted raises over €1.9 million aiming to solve material sorting gap | london-based-recycling-startup-sorted-raises-over-euro19-million-aiming-to-solve-material-sorting-gap | 23/04/2024 | Based in London, Sorted, an AI-powered recycling tech business, has raised over €1.9 million in a seed funding round led by Pi Labs. Other investors include the circular economy-focused fund Archipelago Ventures, Circular Plastics Accelerator, Conduit Connect, Antler and angel investors. Each year, 2.12 billion tonnes of waste is dumped globally, with devastating effects on our air,… This content is for members only. Visit the site and log in/register to read.
The post London-based recycling startup Sorted raises over €1.9 million aiming to solve material sorting gap appeared first on EU-Startups. |
23/04/2024 09:05 AM | 6 | |
42,483 | 23/04/2024 06:31 AM | German startup Octomind raises €4.5 million to create a bug-free future for software development | german-startup-octomind-raises-euro45-million-to-create-a-bug-free-future-for-software-development | 23/04/2024 | Six months after emerging from stealth mode, Karlsruhe-based Octomind has raised €4.5 million to transform web testing with generative AI. The round is led by European early-stage venture capital firm Cherry Ventures and features a complementary set of angels such as Sean Mullaney of Algolia, Charlie Songhurst (ex-Microsoft) and Lutz Finger (ex-Linkedin, ex-Snapchat). The fresh… This content is for members only. Visit the site and log in/register to read.
The post German startup Octomind raises €4.5 million to create a bug-free future for software development appeared first on EU-Startups. |
23/04/2024 07:05 AM | 6 | |
42,484 | 23/04/2024 06:00 AM | Paris-based fintech RockFi raises €3 million to become the “new wealth management” | paris-based-fintech-rockfi-raises-euro3-million-to-become-the-new-wealth-management | 23/04/2024 | RockFi raised €3 million in a fundraising led by Varsity I, launched by Didier Valet (former Deputy CEO of Societe Generale), alongside tech and private management business angels, including Antoine Freysz (Kerala), Quentin Nickmans & Amaury Sepulchre (Hexa), and Alexandre Dalyac (founder of Tractable). This ambitious and innovative project founded in 2023, led by Pierre… This content is for members only. Visit the site and log in/register to read.
The post Paris-based fintech RockFi raises €3 million to become the “new wealth management” appeared first on EU-Startups. |
23/04/2024 07:05 AM | 6 |