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42,407 | 17/04/2024 07:08 PM | TNW Podcast: Caroline Viarouge on EIT Manufacturing and EU-UK collaboration | tnw-podcast-caroline-viarouge-on-eit-manufacturing-and-eu-uk-collaboration | 17/04/2024 | Welcome to the new episode of the TNW Podcast — the show where we discuss the latest developments in the European technology ecosystem and feature interviews with some of the most interesting people in the industry. In today’s episode, Linnea and Andrii talk about artificial general intelligence, repairable airbuds, some Wolverine nerdery, drone delivery adoption, and much more. The guest of the show is Caroline Viarouge, CEO at EIT Manufacturing. A big part of the conversation focused on the cooperation between the UK and the EU when it comes to research and innovation. Here are the stories and things… This story continues at The Next Web |
17/04/2024 07:35 PM | 3 | |
42,406 | 17/04/2024 03:00 PM | China still ASML’s biggest market, but falling sales cause drop in profit | china-still-asmls-biggest-market-but-falling-sales-cause-drop-in-profit | 17/04/2024 | Amid the semiconductor industry’s slowdown and increasing geopolitical tensions, Dutch chip machine-maker ASML reported a decrease both in sales and profits. Europe’s most valuable tech company saw orders fall to €3.6bn in the first quarter of 2024, down from €9.2bn in the previous quarter. Its net profit also dropped to €1.2bn — a 37% decrease compared to Q4 2023. “We see 2024 as a transition,” ASML’s President and CEO Peter Wennink said in a statement. Wennink expects a stronger second half of the year “in line with the industry’s continued recovery from the downturn.” Interestingly, China represented ASML’s largest market… This story continues at The Next Web |
17/04/2024 03:34 PM | 3 | |
42,404 | 17/04/2024 02:16 PM | In biggest-ever election year, tech platforms are wide open for voter manipulation | in-biggest-ever-election-year-tech-platforms-are-wide-open-for-voter-manipulation | 17/04/2024 | Under orders from the EU, tech giants have launched 11 advertising transparency tools. None of them are fit for purpose, according to a new study from Mozilla. The tools provide libraries of data about online adverts. By exploring the repositories, researchers can identify the funders and techniques behind the ads. At least, that’s the idea. The libraries are obligatory under the EU’s Digital Services Act (DSA), a law designed to safeguard online environments. By shining a light on ad content and targeting, the EU hopes to tackle disinformation and manipulation. The impact could be global. Because platforms often respond to international… This story continues at The Next Web |
17/04/2024 02:35 PM | 3 | |
42,405 | 17/04/2024 01:37 PM | Meet the speakers of our “Future of work” panel discussion at this year’s EU-Startups Summit | meet-the-speakers-of-our-future-of-work-panel-discussion-at-this-years-eu-startups-summit | 17/04/2024 | 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, 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 “Future of work” panel discussion at this year’s EU-Startups Summit appeared first on EU-Startups. |
17/04/2024 02:35 PM | 6 | |
42,402 | 17/04/2024 01:07 PM | Amsterdam-based Verify snaps €1 million to expand its invisible fingerprint solution | amsterdam-based-verify-snaps-euro1-million-to-expand-its-invisible-fingerprint-solution | 17/04/2024 | Verify, an artificial intelligence startup based in Amsterdam, just raised €1 million from serial entrepreneurs Niels Bouwman and Chris Hall who have made an angel investment. Google has also invested in Verify and included the company in its Google for Startups Cloud Program, resulting in a total investment of €1 million. Niels Bouwman, the founder… This content is for members only. Visit the site and log in/register to read.
The post Amsterdam-based Verify snaps €1 million to expand its invisible fingerprint solution appeared first on EU-Startups. |
17/04/2024 01:35 PM | 6 | |
42,403 | 17/04/2024 12:58 PM | London-based Wagestream raises €20.4 million to serve the workers overlooked by banking | london-based-wagestream-raises-euro204-million-to-serve-the-workers-overlooked-by-banking | 17/04/2024 | Wagestream, whose financial benefits platform is used by employers like Asda, Burger King, Bupa and Hilton, has raised a further €20.4 million in funding from new and existing investors. The round includes funding from new investors British Patient Capital (the UK’s largest domestic investor in venture and venture growth opportunities and a subsidiary of British… This content is for members only. Visit the site and log in/register to read.
The post London-based Wagestream raises €20.4 million to serve the workers overlooked by banking appeared first on EU-Startups. |
17/04/2024 01:35 PM | 6 | |
42,401 | 17/04/2024 11:48 AM | London-based HealthKey secures €1.32 million to improve how employees access and pay for healthcare | london-based-healthkey-secures-euro132-million-to-improve-how-employees-access-and-pay-for-healthcare | 17/04/2024 | HealthKey, a pioneering UK Healthtech firm changing how healthcare is accessed and paid for, announced the closure of a €1.32 million seed round, led by Aviva Ventures, with support from Ascension, Oxford Capital, and Cur8 Capital. Founded by ex-Thriva and SeedLegals healthtech and engineering experts, David Joerring and Tudor Cotop, witnessed first-hand traditional healthcare’s struggle… This content is for members only. Visit the site and log in/register to read.
The post London-based HealthKey secures €1.32 million to improve how employees access and pay for healthcare appeared first on EU-Startups. |
17/04/2024 12:35 PM | 6 | |
42,400 | 17/04/2024 11:30 AM | Digital platform Healthkey raises £1.13M | digital-platform-healthkey-raises-pound113m | 17/04/2024 | Digital health platform Healthkey has raised £1.13M in a round led by Aviva Ventures. Healthkey allows patients to connect to a range of health and wellness services for further advice, testing and payment and then use the app’s monitors to manage health admin. Unusually, the seed round was closed following a successful 9-month pilot with 800 Aviva employees. Some of the health and well-being products and services available on HealthKey include reproductive health specialists (The Lowdown, Bloomful, Hertility, Mojo, Yoxly), mental well-being (Mindstep, Cogs, Flow neuroscience), preventative healthcare experts (Scan.com, Thriva Health, Goodbody), weight loss and nutrition support (Fiit, Lingo, and The Gut Feeling), with health payers, such as insurers, employers, benefit platforms, and Employee Assistance Programmes (EAPs). With funding secured, HealthKey will now focus on further enhancing its platform’s capabilities, and expand the number of integrations with health and life insurers, health plan providers, and corporate employers, and broaden the range of health service providers available. Ant Barker, Director of Venture Capital at Aviva Ventures, commented: “HealthKey’s platform simplifies the way companies can provide vital health and wellbeing benefits to their people, making it easier and quicker for employees to access personalised services that they truly want. Our investment is another example of Aviva backing promising new UK tech companies, supporting growth in the sector whilst also gaining valuable insight into new trends and services for customers.” |
17/04/2024 12:04 PM | 1 | |
42,398 | 17/04/2024 11:15 AM | NPHarvest raises €2.2M to recycle nutrients in rainwater | npharvest-raises-euro22m-to-recycle-nutrients-in-rainwater | 17/04/2024 | Finnish NPHarvest has raised €2.2M for its nutrient catcher that recycles nutrients from wastewater. Geopolitical instability and increasing prevalence of extreme climate have put the spotlight on food insecurity and supply chain instability over the past five years. With this in mind, the NPHarvest’s treatment equipment separates and collects all excess nutrients from concentrated wastewaters, which can then be recycled and made into fertiliser to reduce wasting valuable nutrients. The Aalto University spinout has two patents pending and is gearing up towards building its first products, ready to be installed at wastewater management facilities. Their main customers are wastewater management plants, biogas plants, and livestock farms that are trying to cut their costs, reduce their carbon footprint, or earn extra income from recycled fertiliser sales. The round was led by Nordic Foodtech VC, with participation from Stephen Industries. The round consists of a €1.3M equity investment and a €900,000 grant from the Finnish Ministry of the Environment and their RAKI program. With the new funding, NPHarvest plans to continue product development on its Nutrient Catcher - ready to be installed in their clients’ facilities - with lowering production costs as a key aim so that the catcher can be rolled out commercially . “Our process is much more energy and cost-efficient and easier to operate than the current solutions. Our end product is ammonia salt, which is commonly used in the fertilizer industry. We are very excited about bringing this technology to the market after years of research and development, bringing sustainable and affordable recycled nutrients and fertilizers to the market,” says Juho Uzkurt Kaljunen, CEO and founder of NPHarvest. “No one has done nutrient catching on a real commercial level, which made us as foodtech investors impressed with NPHarvest and its unique technology. Ensuring food security while protecting the environment is one of the top priorities in the food system. NPHarvest´s technology has what it takes to combine these aspects in a very interesting business model,” says Mika Kukkurainen, Partner at Nordic Foodtech VC. |
17/04/2024 11:34 AM | 1 | |
42,396 | 17/04/2024 11:00 AM | Luxury Airbnb High-Rises Are Reshaping Miami’s Skyline | luxury-airbnb-high-rises-are-reshaping-miamis-skyline | 17/04/2024 | Airbnb is encouraging developers to build condo towers purposefully designed to be listed for short-term rentals. Units are selling fast in Miami and coming soon to other US cities. | 17/04/2024 11:04 AM | 4 | |
42,399 | 17/04/2024 10:56 AM | London-based Skyports secured over €103 million to build vertiports and accelerate its drone business | london-based-skyports-secured-over-euro103-million-to-build-vertiports-and-accelerate-its-drone-business | 17/04/2024 | London-based Skyports, a global leader in owning and operating vertiport infrastructure and flying electric drones, secured over €103 million to build vertiports and accelerate its drone business. The round was led by the ACS Group, one of the world’s foremost infrastructure and construction companies. The capital will support key developments on both sides of Skyports’ business…. This content is for members only. Visit the site and log in/register to read.
The post London-based Skyports secured over €103 million to build vertiports and accelerate its drone business appeared first on EU-Startups. |
17/04/2024 11:34 AM | 6 | |
42,395 | 17/04/2024 10:53 AM | From garage to global: new program fast-tracks Ukrainian defence startups | from-garage-to-global-new-program-fast-tracks-ukrainian-defence-startups | 17/04/2024 | A new defence tech initiative, the Defenсe Builder Accelerator, has launched in Ukraine. It's a four-month intensive training program designed for Ukrainian defence startups to secure the first investments and transition from "garage" production to creating a tech company. Specifically, the program aims to enable the development of technologies tailored to the needs of Defence Forces that meet real battlefield requirements. After completing the program, startups gain access to capital and investors. The accelerator was founded by Ivan Kaunov (CEO), an officer of the Armed Forces of Ukraine, and Kateryna Bezsudna (COO). Before the accelerator, they launched their own defence startup, Buntar Aerospace, which develops software and UAVs for long-range reconnaissance missions. Buntar Aerospace recently raised $2 million from several international VCs and is working on increasing the survival rate of (UAVs) Intelligence, Surveillance, and Reconnaissance (ISR) unmanned aerial vehicles missions (UAVS) up to tenfold using AI and Ukrainian first-hand experience on the modern battlefield. The program was crafted in collaboration with leaders of the Ukrainian tech ecosystem, including Genesis, Sigma Software Labs, and the Kyiv School of Economics (KSE). The acceleration program is open to startups that are developing both software and/or hardware defence tech solutions:
To qualify, teams need to have the TRL-4 level of the product or higher. According to Ivan Kaunov, co-founder and CEO of Defence Builder Accelerator:
The accelerator is ready to connect verified investors with defence startups. This presents an exclusive opportunity to access Ukraine's booming defence technology sector. The team is open to collaboration with angels, VCs, corporate ventures, and other investors. There are 30+ mentors of the program, who are the leaders of tech companies with experience in creating and scaling complex technological products. Military personnel with first-hand combat experience and a deep understanding of battlefield needs are involved in the program as advisors. Program mentors include:
Lead image: Defenсe Builder Accelerator. Photo: uncredited. |
17/04/2024 11:04 AM | 1 | |
42,397 | 17/04/2024 10:30 AM | How One Author Pushed the Limits of AI Copyright | how-one-author-pushed-the-limits-of-ai-copyright | 17/04/2024 | Elisa Shupe was initially rebuffed when she tried to copyright a book she wrote with help from ChatGPT. Now the US Copyright Office has changed course—but there’s a catch. | 17/04/2024 11:04 AM | 4 | |
42,394 | 17/04/2024 10:30 AM | Intel’s deeptech accelerator announces its seventh cohort | intels-deeptech-accelerator-announces-its-seventh-cohort | 17/04/2024 | Intel Ignite, Intel's global startup accelerator program for early-stage deeptech startups, has announced the 10 startups who make up its seventh cohort, which will convene in Munich. Deeptech is now the largest VC funding category in Europe according to Dealroom, with artificial intelligence and quantum computing startups raising the most capital. The current cohort includes startups from Germany, Switzerland, France, the Netherlands, Spain and Sweden which have each raised €7M on average and are focused on broad spectrum of deeptech, from semiconductor manufacturing, silicon and photonics to memory compression, data streaming, AI processing, and applications in the robotics and satellite space. The startups in the new European cohort are:
Since the program launched in 2019, collectively, Intel Ignite alumni have secured over $2.5 billion in funding. “Having recently been valued at $3 trillion in the latest State of European Tech report and attracting talent from around the world, the European tech ecosystem is thriving,” said Tzahi Weisfeld, VP & GM at Intel Ignite. “At the end of the day, our mission from a macro perspective is to support and foster that ecosystem, and with these 10 disruptive startups joining Intel Ignite in Europe this spring, we are looking forward to not only working with them to help them find their go-to-market fit and increase their valuations and grow revenue, but also to empower the founders to do these faster and cheaper than they would have on their own, and to become key pillars in that continuously-growing ecosystem.” |
17/04/2024 10:34 AM | 1 | |
42,393 | 17/04/2024 09:40 AM | Flatpay raises €45M Series B | flatpay-raises-euro45m-series-b | 17/04/2024 | Danish fintech Flatpay, which provides payment software for SMBs, has raised a €45M Series B round two years after its founding in 2022. Flatpay distinguishes itself from other payment providers by offering no setup fees for terminals, no subscription fees, and a flat rate for all card types alongside its data dashboards. The funding will be used to further develop the product, expand into new markets and rapidly scale its team. The round was led by Dawn Capital, with participation from Seed Capital and other investors. Dawn Capital has raised over $2bn and backed 80+ companies since its founding in 2008, including Tink and iZettle. Foundedby serial founders Sander Janca-Jensen, Rasmus Busk, Rasmus Hellmund Carlsen and Peter Lüth, Flatpay currently operates in Finland and Germany. Sander Janca-Jensen, Flatpay CEO and co-founder, commented:
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17/04/2024 10:04 AM | 1 | |
42,390 | 17/04/2024 09:27 AM | Air taxi firm raises $110M, plans to launch commercial service in 2026 | air-taxi-firm-raises-dollar110m-plans-to-launch-commercial-service-in-2026 | 17/04/2024 | A British drone maker plans to launch air taxis in 2026 after raising a whopping $110mn. Skyports has already flown electric vertical takeoff and landing (eVTOL) aircraft on delivery and monitoring trials. The new funding brings commercial air taxis closer to the services on offer. The first flights are slated to take off in the United Arab Emirates. Earlier this year, Skyports inked a deal with authorities in Dubai to build four vertiports ahead of the launch of air taxi services in 2026. Skyports intends to then bring air taxis into other markets. The company is currently developing the UK’s first… This story continues at The Next Web |
17/04/2024 09:35 AM | 3 | |
42,389 | 17/04/2024 09:15 AM | TokenEx merges with fintech IXOPAY | tokenex-merges-with-fintech-ixopay | 17/04/2024 | Data tokenization startup TokenEx will merge with payments platform IXOPAY to combine their payment optimisation software products and simplify users' payment journeys. The combined company will be called "IXOPAY, a TokenEx Company", and Marc Olesen will lead the combined organisation as CEO. The merger allows both platforms to increase authorization rates and decrease interchange fees for vendors, along with PCI-certified secure payment data. Their platform offers omnichannel tokenization, wherein merchants can use one payment token for in-person and online transactions and all payment processors, as well as payments orchestration, distinct from other platforms’ transaction software for its intelligent routing, cascading, and risk management functions. It also allows users to update expired cards and authenticate transactions. “By merging with TokenEx we not only bring together our unique capabilities to become the most comprehensive payments platform for global merchants, but we can also utilize the expertise of the TokenEx team to provide first-class service to our primarily European customers in the U.S. market,” said Rene Siegl, Founder and Executive Chairman of IXOPAY. “This merger marks a significant milestone in the payments industry,” said CEO Marc Olsen. “By joining forces, IXOPAY, a TokenEx Company is uniquely positioned to help merchants develop a payments strategy that optimizes the use of multiple payment processors to enhance both top and bottom-line results.” |
17/04/2024 09:35 AM | 1 | |
42,386 | 17/04/2024 09:00 AM | Hormona bridges the gender data gap in hormonal health, going beyond baby making | hormona-bridges-the-gender-data-gap-in-hormonal-health-going-beyond-baby-making | 17/04/2024 | Despite 80 per cent of women struggling with hormone issues globally, hormonal health education (conditions, symptoms, solutions, mental health implications) remains under-discussed, underreported, and underfunded. Hormona is a data-driven women's health company (also catering for other people who have periods). Hormona uses AI and soon to be released at-home testing to track hormone fluctuations and inconsistencies, predicting corresponding changes in behaviours and moods. This sheds light on endocrinological and gynaecological health conditions such as PMDD, irregular cycles and perimenopause. The company has not only captured the interest of investors but also space scientists. Hormona's app is downloaded in 180+ countries and had tens of thousands of active users within its first 12 months of launching. Karolina Löfqvist (CEO) and Jasmine Tagesson (COO) designed the Hormona app with their team of endocrinology, gynaecology, and nutrition experts. I spoke to the co-founders to find out more. Löfqvist's own health issuesLöfqvist'sthe startup:
Hormonal health is more than fertility trackingNot all women want to have children, can have children, get periods, or are sexually active - but solutions on the market negate their need to track hormones. Furthermore, April is PMDD Awareness Month. Premenstrual dysphoric disorder. is an extreme form of PMS where as many as 1 in 20 women of reproductive age fall into severe depression, anxiety and suicidal thoughts before their period. Medical professionals record that almost 50 per cent of PMDD sufferers have planned a suicide attempt, yet they're likely to be diagnosed with mental health conditions than a treatable hormonal imbalance. The value of at-home hormone testingBy combining a range of tools and options ranging from telehealth appointments to symptom reduction plans, supplements and medication, Hormona is the first end-to-end solution for women facing hormone-related issues, leading developments to expand the space of hormonal health at large. Löfqvist found weekly blood tests inconvenient and expensive.
Besides the Hormona app, the company plans to launch at-home hormone testing. Users can receive lab-grade results from HormonaHormona'se tests within 15 minutes. The lateral flow urine-based tests assess three key hormones for measuring menstrual, reproductive, and menopausal health — FSH (Follicle-Stimulating Hormone), progesterone, and estrogen. Test results are quantified through HormonaHormona's machine learning prediction model, enabling Hormona to accurately detect hormone levels in the sample provided, and produce more precise predictions for bodily symptoms (compared to traditional tabletop readers or at-home finger prick tests. The app is free, and the company plans to offer the hormone tests in kits of four for £39 per month. Other Hormona tools include cycle-specific lifestyle tips, telehealth appointments, symptom reduction plans, supplements, and medication. Tagesson shared that the startup has been literally life-changing: "We have a lot of women reaching out saying, 'Oh, thanks to you, I didn't didn't quit my job. I understand it's my hormones, and it's due to my cycle that I feel a little bit low.' It just provides women and their health professionals with so much information." Our data shows that conventional notions around hormonal cycles are not always correct. You get taught your cycle is 28 days, but many women have shorter or longer cycles. Also, stress has such a significant impact on hormonal health. What happens when women take contraceptives? How does that impact our bodies? No one has any idea." Underresearched and underfundedIt's well established that women-founded startups secure less funding than those founded by men. Women are also underrepresented in clinical trials, which can lead to medications and treatments with unintended side effects for women or with effectiveness not optimised for female biology. Only 2 per cent of global medical funding goes towards researching issues specific to women. Less research into women's health needs leads to gaps in knowledge and hinders the development of effective treatments and preventative measures. Tagesson said:
Since its 2023 app launch, London-based Hormona has collected over 1.5 million anonymous health data points to aid in closing the gender health gap. The company has published three academic papers. However, funding is needed to scale such efforts into solutions. Hormona raised $2.8 million in a pre-seed round from Nascent Invest, Techstars, and SFC Capital, but finding investors wasn't wasn't Löfqvist recalled that the company spoke to at least 100 investors before securing investment. It proved particularly challenging to make investors understand the importance of hormonal health beyond fertility and its intrinsic connection to mental wellbeing, with more than one male investor claiming:
Personally, I find the notion that male investors use their wives as a barometer of investment worthiness rather than doing appropriate due diligence into the massive research into women's issues more than a little concerning. Investment decisions based on personal experiences rather than rigorous research lead to missed opportunities, especially in a field like women's issues that is severely underfunded. Hormona offers Employee Wellness Schemes, partnering with companies in the UK and Sweden. Under these schemes, employees are provided with free access to the app alongside educational seminars and private consultations. Hormona is also in discussion with health insurers globally. Hormonal health in spaceAs I write this, Horoma is participating in the annual Spaceflight Human Optimization & Performance Summit at Space Center in Houston, Texas, to demonstrate its hormone solution. The summit aims to bring together experts in spaceflight and other domains of human performance, delving into the importance of physical and mental readiness for space challenges, advocating for women's participation in STEM fields and playing a role in making space exploration accessible to all. |
17/04/2024 09:04 AM | 1 | |
42,387 | 17/04/2024 08:38 AM | Oxford Instruments Nanoscience and Rigetti launch new supercomputer | oxford-instruments-nanoscience-and-rigetti-launch-new-supercomputer | 17/04/2024 | Oxford Instruments Nanoscience and Rigetti Computing have successfully deployed a 32-qubit quantum computer, accessible via the cloud, so that scientists can implement quantum computing to strengthen existing technologies. The announcement comes amidst resounding support for supercomputing by the British government, which recently supported Bristol's Isambard project in a bid to become a global leader in AI development. Eagerly anticipated applications of quantum computing include improved machine learning capabilities, aided financial modelling, enhancing weather forecasting and more sustainable car batteries. Rigetti will now deploy their quantum computer at the National Quantum Computing Center Harwell campus. Rigetti was joined by Oxford Instruments, University of Edinburgh, Phasecraft, and Standard Chartered Bank to realise this project, which was funded by the UKRI. Edinburgh’s Quantum Software Lab developed new ways of testing quantum hardware and verifying the performance of quantum programs, and worked with Standard Chartered Bank to advance quantum machine learning applications for finance. Phasecraft used its deep knowledge of quantum algorithms and high-efficiency quantum software to harness the system for near-term applications in materials design and simulation. The research conducted during this project has already been used for quantum application development. In January 2024, Rigetti announced that it was awarded an Innovate UK grant as part of the Feasibility Studies in Quantum Computing Applications competition with Standard Chartered, Imperial College London, and Amazon Web Services (AWS). Rigetti CEO Dr. Subodh Kulkarni commented:
Matt Martin, Managing Director at Oxford Instruments NanoScience, said:
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42,388 | 17/04/2024 08:37 AM | HealthSage secures €3M Seed investment for open source AI healthcare platform | healthsage-secures-euro3m-seed-investment-for-open-source-ai-healthcare-platform | 17/04/2024 | HealthSage has raised € 3 million Seed investment to enhance and scale its open generative AI platform, which is fully dedicated to healthcare. Beyond reducing the administrative burden for healthcare professionals (up to 40 per cent of their time), AI holds the potential to provide clinical decision support, address staffing shortages through virtual interactions, empower patients to become better-informed health consumers, and enable value-based care through better insights into vast amounts of clinical data. According to founder Harm-Jan Wessels:
On 1 December 2023, HealthSage AI launched Note-to-FHIR ( Fast Healthcare Interoperability Resources) , a specialized Large Language Model (LLM) that transforms unstructured medical notes into a structured FHIR output: the global standard for electronic healthcare information exchange. The structured information can be used to automatically create a patient overview, offering healthcare professionals a concise summary of a patient's health issues without the need to sift through unstructured notes. It can also simplify administrative duties, such as the creation of discharge letters and support clinical decision-making by automatically leveraging structured data. It also has the capability to transform complex clinical notes into language that is easily understandable for patients, making them better informed in their own care. HealthSage AI was founded on three key principles: Open, Responsible, and Safe. This means embracing open source practices, adhering to all EU AI regulations, and ensuring the HealthSage AI LLMs are trained and trusted by the healthcare community. Compliance is fundamental to HealthSages AI's approach, with a focus on privacy and data protection. Peak led the investment with co-investments from Healthy Capital, Rubio Impact Ventures and serial health tech entrepreneurs Jaap Maljers and Jeroen Tas. Johan van Mil, co-founder and managing partner at Peak, says: "Given the opportunity to improve diagnostic accuracy, patient care, and operational efficiency, we see a huge opportunity for AI in the health space. Given the founders' track record in building and scaling companies in medtech, we see Healthsage AI as the leading player to revolutionize the medical industry." This funding enables HealthSage AI to grow its team, commercialize its offerings, and accelerate customer deployments with real impact on healthcare professionals and patients. Lead image: HealthSage AI founders: Marcel Alberti and Harm-Jan Wessels. Photo: uncredited. |
17/04/2024 09:04 AM | 1 | |
42,385 | 17/04/2024 08:23 AM | Fintech on the lead again - HSBC Innovation Banking and Dealroom's UK Innovation Update | fintech-on-the-lead-again-hsbc-innovation-banking-and-dealrooms-uk-innovation-update | 17/04/2024 | In their latest UK Innovation Update – Q1 2024, HSBC Innovation Banking and Dealroom revealed that fintech is back on top as the UK’s most funded startup sector. In 2023, for the first time, the most funded sector was energy. It didn’t last too long as fintech gained back its leading position with $1.4B raised across 73 rounds in Q1 2024. Some big notable late-stage rounds contributed to this like Monzo (£340 million), Flagstone (£108 million) and PPRO (£73 million). According to the report, cutting-edge technological sectors such as frontier technology, semiconductors, and quantum computing have experienced a surge in support, emerging as leading recipients of funding in the UK tech landscape during Q1 2024. These sectors attracted substantial investments, with startups often based in science hubs such as Cambridge and Oxford, collectively raising $314.7 million and $300 million, respectively. Stabilisation of the VC investment levels In Q1 2024, UK startups raised a total of $3.9 billion. There are indications that VC investment levels in the UK have stabilized after experiencing a sharp global reset starting in the second half of 2022. Early-stage investment during Q1 closed higher than the two previous quarters, reaching $1 billion. Investment at the breakout stage of Series B and C remains consistent while late-stage funding rounds, which significantly impact total figures, remained relatively low in number but amounted to $1.4 billion. This can be taken as a sign of a potential return of mega-rounds ($100+ million deals). Edinburgh, Brighton and Cambridgeshire - the fastest-growing UK hubs in 2024 Although London retains its position as the top city in the UK and Europe for venture capital raised in 2024, funding is increasingly flowing to innovation centres across the country. The report highlights that Edinburgh (406%), Brighton (209%), and Cambridgeshire (59%) have experienced substantial growth in venture capital investment this year compared to a year before. This growth can be attributed to significant funding rounds secured by a variety of companies. Examples include video game developers Build a Rocket Boy in Edinburgh, drug discovery company Enterprise Therapeutics in Brighton, and quantum computing firm Quantinuum in Cambridge. UK continues to lead in European VC landscape On a global scale, the UK continues to be the primary destination for startup innovation and investment in Europe. In Q1 2024, UK startups raised nearly as much capital as their counterparts in Germany and France combined, amounting to $2.3 billion compared to $1.7 billion respectively. Moreover, the UK maintains its third position worldwide, ranking only behind the US and China, and surpassing India in terms of total investment. As stated in the report, over half of the venture capital invested in the UK originates from international sources, underscoring its status as a premier destination for tech investment on the global stage. The majority of this investment comes from the USA, accounting for 39%, narrowly surpassing the 36% contributed by domestic UK investors. Additionally, Europe contributes 12% of the funding, with Asia following closely behind at 10%.
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17/04/2024 08:35 AM | 1 | |
42,391 | 17/04/2024 08:22 AM | Jacqueline Davidson, Investment Principal at Boeing, will speak at next year’s EU-Startups Summit! | jacqueline-davidson-investment-principal-at-boeing-will-speak-at-next-years-eu-startups-summit | 17/04/2024 | We’re excited to announce that Jacqueline Davidson, Investment Principal at Boeing, will be a speaker at next year’s EU-Startups Summit! Jacqueline stands at the forefront of aerospace innovation, leading as Principal of Global Accelerators & Innovation Programs at Boeing and also serves as the Program Director at Aerospace Xelerated. With a rich background in corporate… This content is for members only. Visit the site and log in/register to read.
The post Jacqueline Davidson, Investment Principal at Boeing, will speak at next year’s EU-Startups Summit! appeared first on EU-Startups. |
17/04/2024 09:35 AM | 6 | |
42,384 | 17/04/2024 07:48 AM | Lithuanian startup CTO2B secures €1M for automated DevOps on any cloud platform | lithuanian-startup-cto2b-secures-euro1m-for-automated-devops-on-any-cloud-platform | 17/04/2024 | CTO2B, a Lithuanian startup offering a SaaS platform for automated DevOps on cloud infrastructure, today announced the close of a €1 million Pre-Seed funding round. Companies spend millions on cloud resources yet repeatedly face the same challenges in building and maintaining their infrastructure. "We saw a need to break free from the cycle of solving the same infrastructure problems for every new company," said Andrius Bagdonavičius, co-founder of CTO2B.
CTO2B's platform eliminates the need for specialised cloud infrastructure skills, freeing up engineering teams from infrastructure management. This allows them to dedicate their time and resources to developing the core features and functionalities that truly differentiate their businesses. CTO2B further optimises cloud costs, ensures high availability and scalability for reliable service, and simplifies security and compliance adherence. The platform operates on a customer's chosen cloud provider, automatically handling infrastructure setup and ongoing maintenance, delivering a well-architected framework which meets optimal security and compliance requirements. Practica Capital led the funding with participation from FiRSTPICK and several business angels. "Andrius and Aleksej have built strong domain expertise working in demanding banking and fintech sectors," said Arvydas Bložė, partner at Practica Capital.
"FIRSTPICK shares the view on the DevOps industry's needs and challenges, such as cloud computing growth, data security and compliance, complexity of cloud migration and in general skills gaps. This is why we are excited to back the CTO2B team which brings years of experience and knowledge in the field," said Dmitrij Sosunov, partner at FIRSTPICK. Lead image: CTO2B. Photo: uncredited. |
17/04/2024 08:04 AM | 1 | |
42,392 | 17/04/2024 07:25 AM | Vilnius-based CTO2B secures €1 million pre-seed to automate DevOps on cloud infrastructure | vilnius-based-cto2b-secures-euro1-million-pre-seed-to-automate-devops-on-cloud-infrastructure | 17/04/2024 | CTO2B, a Lithuanian startup offering a Software-as-a-Service (SaaS) platform for automated DevOps on cloud infrastructure, announced the close of a €1 million pre-seed funding round led by Practica Capital with participation from Firstpick and several business angels. Co-founders Andrius Bagdonavičius and Aleksej Trofimov, veterans of the IT industry with extensive experience managing large-scale cloud infrastructure,… This content is for members only. Visit the site and log in/register to read.
The post Vilnius-based CTO2B secures €1 million pre-seed to automate DevOps on cloud infrastructure appeared first on EU-Startups. |
17/04/2024 09:35 AM | 6 | |
42,382 | 17/04/2024 07:01 AM | London-based Huzzle secures €1.67 million pre-seed to help students land their dream graduate job | london-based-huzzle-secures-euro167-million-pre-seed-to-help-students-land-their-dream-graduate-job | 17/04/2024 | London-based startup Huzzle has raised €1.67 million in pre-seed funding to transform the early careers space. Backing the young company is 10X Founders, alongside several angel investors, including Verena Pausder (Chairwoman of the German Startup Association), Leon Szeli (Founder of Presize, Acquired by Meta), Peter Bosch (ex Board Member at Bentley), and Alexander Mrozek (ex… This content is for members only. Visit the site and log in/register to read.
The post London-based Huzzle secures €1.67 million pre-seed to help students land their dream graduate job appeared first on EU-Startups. |
17/04/2024 07:34 AM | 6 |