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id | date | title | slug | Date | link | content | created_at | feed_id |
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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 | |
42,482 | 22/04/2024 04:35 PM | Is this the future of coffee? Kaffa Roastery releases AI-conic blend | is-this-the-future-of-coffee-kaffa-roastery-releases-ai-conic-blend | 22/04/2024 | I am really into (my friends might say somewhat obsessed with) coffee. Not just for the hits of caffeine that fuel our productivity-enthralled capitalist society, but also for the taste, as well as different styles of brewing (although my Swedish roots make me partial to a pour-over). Sadly, I do not often get to write about it, as — even though coffee roasting and brewing rely on technological engineering — tech startups and coffee hardly ever intersect in the news. Enter Helsinki-based Kaffa Roastery, and its new blend of beans called AI-conic. The blend for the coffee (which costs €12.90… This story continues at The Next Web |
22/04/2024 05:04 PM | 3 | |
42,481 | 22/04/2024 03:30 PM | 3 carbon capture technologies you’ve probably never heard of | 3-carbon-capture-technologies-youve-probably-never-heard-of | 22/04/2024 | All of us will face the consequences of runaway climate change — unless, maybe, you’re living in one of Elon Musk’s new homes on Mars. But for the rest of us poor souls, tackling global heating is pretty much the top priority. The bad news is we are not on track to limit global temperatures rising to 1.5°C to prevent the most catastrophic impacts of climate change. A new report has also revealed that temperatures in Europe are rising twice as fast as the rest of the world. Drastic cuts in emissions are required. We also need to pull out… This story continues at The Next Web |
22/04/2024 03:34 PM | 3 | |
42,479 | 22/04/2024 01:31 PM | Zefir raises €11M to speed up real estate transactions | zefir-raises-euro11m-to-speed-up-real-estate-transactions | 22/04/2024 | Today, proptech Zefir announced it raised €11 million in round. Selling or buying a home is one of the most stressful life events, and in France, this is exacerbated due to a highly fragmented market spread across more than 40,000 real estate agencies. Since 2022, the economic slowdown has made it more challenging for homeowners to sell. Sale times have jumped to over 110 days, and the rate of real estate agents going bankrupt in France increased by 117 per cent in 2023. Founded in 2020, Zefir aims to speed up real estate transactions, starting with instant home purchases. In January 2023, Zefir launched a "Collective Selling" approach that combines the fragmented real estate market. The model leverages technology to promote agency collaboration, accelerating the connection between sellers and buyers. By pooling resources like property listings and customer databases across thousands of agencies into a single platform and leveraging Al to streamline processes, Zefir speeds up matchmaking, making buying and selling more efficient and dramatically. Zefir and its partners can sell homes in just 58 days, cutting transaction times by half vs market standard in France. This means sellers and buyers can move forward faster in their projects, at no extra cost compared to selling directly through an agency. On the agent side, it allows them to close more sales, leading to an average extra revenue of up to €28K per year. According to Remy Fabre, Zefir co-founder and CEO:
The Collective Selling model got off to an explosive start, skyrocketing from zero to €200 million transaction value in just 12 months and a clear path towards profitability. "This immediate success shows that Zefir is delivering value to each stakeholder in a real estate transaction", Remy Fabre noted.
Long- time partner Sequoia increased its investment in Zefir alongside Heartcore, Stride and Third Kind Venture. Zigg Capital also became investors. Elizabeth Chrystal of Zigg Capital said:
According to George Robson, partner at Sequoia Capital:
The company is set to use the new funding to increase its investments in Product and Al, creating more efficient tools for sellers, buyers, and agents, streamlining and speeding up transactions. It aims to triple transaction value in 2024 and to keep growing its network of real estate professionals. |
22/04/2024 02:04 PM | 1 | |
42,480 | 22/04/2024 01:22 PM | The state of European software M&A Deals and M&A Multiples in 2023 (Sponsored) | the-state-of-european-software-manda-deals-and-manda-multiples-in-2023-sponsored | 22/04/2024 | Given the complex and challenging economic and geopolitical circumstances the world faced in 2023, businesses found it equally difficult to engage in successful and profitable merger and acquisition (M&A) activities. While banks focused on controlling inflation, the M&A market still suffered significantly and remained subdued due to ongoing geopolitical uncertainties linked to the conflicts in… This content is for members only. Visit the site and log in/register to read.
The post The state of European software M&A Deals and M&A Multiples in 2023 (Sponsored) appeared first on EU-Startups. |
22/04/2024 03:04 PM | 6 | |
42,477 | 22/04/2024 12:59 PM | Italian startup Lithium Lasers secures €3.5M funding for advanced laser tech | italian-startup-lithium-lasers-secures-euro35m-funding-for-advanced-laser-tech | 22/04/2024 | Today Italian startup Lithium Lasers announced it has raised €3.5 million in funding, The company was founded in 2019 and has developed an ultrashort pulse laser (USPL) called FemtoFlash for material processing, biophotonics and non-linear optics applications in several industries (e.g. aerospace, healthcare, automotive, consumer electronics), The Femtoflash is easy to install, lowers set-up costs, and proves particularly useful when dimensional accuracy and tighter tolerances are needed. In the aerospace industry, lasers are exceptionally effective for micro-component manufacturing and are especially used in marking Carbon Fiber Reinforced Polymer (CFRP) components, a widely used composite material in aerospace applications. With €1.5 million committed by Primo Space Fund in a €2 million round with 360 Capital's co-investment, Lithium Lasers will accelerate the process of industrialisation and commercialisation and start working on a new line of UV Lasers set to be launched in the next few years. Alessandro Greborio, CEO and co-founder of Lithium Lasers, commented:
According to Alessandro Zaccaria, Partner at 360 Capital:
Lead image: Lithium Lasers. Photo: uncredited. |
22/04/2024 01:04 PM | 1 | |
42,478 | 22/04/2024 12:42 PM | Scale Up with the Iberdrola Autonomous Underwater Offshore Inspections Startup Challenge! | scale-up-with-the-iberdrola-autonomous-underwater-offshore-inspections-startup-challenge | 22/04/2024 | As the world’s leading wind energy operator, Iberdrola has been pioneering renewable energy technologies for over 20 years. Given the current growth in the offshore wind energy market, Iberdrola is well-positioned as a global leader. In this context, it is launching the Autonomous Underwater Offshore Inspections Startup Challenge. Offshore wind energy has become a key growth driver for Iberdrola, with current operational marine assets of 1.26 GW and an additional portfolio of 9.6 GW under development or construction. These assets are expected to be operational by 2027, supported by a global investment of EUR 30 billion. Context: Iberdrola Autonomous Underwater Offshore InspectionsMarine environments can be harsh, with extreme weather conditions. Iberdrola is looking for solutions capable of withstanding these conditions to optimize maintenance inspections. It aims to reduce maintenance costs, time, and risks for employees. Through its startup program PERSEO, Iberdrola is launching this challenge to find fully autonomous or remotely operated solutions that optimize the underwater inspections of its various offshore assets. Focus Areas: Iberdrola Autonomous Underwater Offshore InspectionsThe focus is primarily, though not exclusively, on detecting anomalies and failures in foundation elements and seabed anchoring of its offshore assets. Additionally, subsea cable inspection solutions will also be considered. Your proposals should actively address one of the following areas:
Iberdrola is also interested in solutions that address the challenge even if not mentioned in the examples above. The Prize: Iberdrola Autonomous Underwater Offshore InspectionsWinning this Challenge will award you with signing a collaboration agreement to develop a Proof-of-Concept (PoC). Additionally, PERSEO covers the costs of the pilot activities and provides you with the necessary technical support. Finally, PERSEO may consider investing in your solution. The winner of the challenge will sign a partnership contract with Iberdrola and/or PERSEO and will be able to test their solution in a real environment. For the collaboration of the pilot project, Iberdrola will:
The project will be developed in collaboration with technical specialists from Iberdrola Renewables & Iberdrola Offshore business areas. Key Dates & Timeline: Iberdrola Autonomous Underwater Offshore InspectionsApplications are now open! Start your application here.
How Will Your Application be Evaluated?While evaluating your proposals, Iberdrola will consider the following value propositions, among others:
The applications will evaluated by experts from Iberdrola Renewables & Offshore areas. Send in Your Applications Today & Collaborate with Innovation ExpertsIberdrola is no stranger to working with startups and emerging companies – since 2018, the Group has launched over 80 pilot projects with startups to address pressing issues in today’s energy networks. Iberdrola’s startup program – PERSEO – facilitates the group’s access to the technologies of the future while fostering the development of a global ecosystem of startups in the electricity sector—with a focus on sustainability. Iberdrola has allocated EUR 200 million for this purpose, invested through its portfolio of investments in startups, its PERSEO Venture Builder unit, pilot projects, the launch of the Iberdrola Startup Challenges, and the Andromeda fund for investments in sustainable technologies.
____ Sharing is Caring! The post Scale Up with the Iberdrola Autonomous Underwater Offshore Inspections Startup Challenge! appeared first on StartUs Magazine. |
22/04/2024 01:04 PM | 2 | |
42,474 | 22/04/2024 12:30 PM | Q1 sees increased energy investment | q1-sees-increased-energy-investment | 22/04/2024 | The energy transition is powering a recovery in European venture capital in the first quarter of 2024, according to Dealroom’s Europe Q1 report. European startups raised $13.7 billion in VC funding in Q1 2024, a 5% increase on the same period last year. The increase in funding comes despite concerns in a global slowdown in funding to early stage companies. European VC is on track to be on a similar path to 2023 when the continent raised $59.1B in total, with the UK continuing to retain its crown as the leading country for VC investment. Over 500 companies raised rounds of more than $2M in the first months of the year, with later-stage funding proving particularly resilient - up 2.1X compared to Q1 2023. Energy tech has overtaken fintech in Europe as the strongest sector, thanks to a number of mega investments in energy startups underlining how the journey to net zero is becoming a priority on the continent. Energy was the largest sector for deals in Europe, raising a total of $3.1B, for the fourth consecutive quarter. This put Energy ahead of Health ($2.8B), Fintech ($2.8B), Transport ($1.7B) and Enterprise Software ($1.6B). Sahar Meghani, Partner at Visionaries Club, commented on the trend:
Image: Karsten Würth on Unsplash |
22/04/2024 12:34 PM | 1 | |
42,472 | 22/04/2024 12:00 PM | Agritech xFarm Technologies merges with Greenfield and Spacesense to hone its Geospatial AI | agritech-xfarm-technologies-merges-with-greenfield-and-spacesense-to-hone-its-geospatial-ai | 22/04/2024 | Swiss-Italian agritech startup xFarm Technologies has announced its integration of Greenfield Technologies and SpaceSense, in the hopes of establishing itself as a leader in the key areas of regenerative agriculture and geospatial AI. Greenfield Technologies is a company based in Badajoz that specialises in soil characterisation to optimise the management of crops, making them more sustainable and resilient, while SpaceSense is a pioneering company based in Paris that provides climate intelligence services using satellite data and artificial intelligence to help companies and organisations perform better and large-scale sustainability analysis, enabling actions such as carbon monitoring over large areas. Merging with the two companies allows xFarm Technologies to continue to expand internationally which it has done first with its presence in the Iberian Peninsula, then in France, Germany and Poland. This expansion will be supported by the expertise of new specialised teams. "At Greenfield Technologies, we are thrilled to join forces with xFarm Technologies on a journey towards market leadership. This partnership highlights our complementarity in both solutions and markets, bolstering our capabilities to continue our shared vision of empowering the agri-food sector to reach new levels of competitiveness and sustainability. In this way, we will strengthen our ability to enhance our solutions, such as agricultural soil characterisation, support for relevant crops of the Mediterranean region like tomatoes, olives, or almonds, and we will advance in implementing regenerative agriculture to benefit our customers and the planet," said Miguel Córdoba, CEO of Greenfield Technologies. "By uniting SpaceSense’s geospatial AI prowess with xFarm Technologies’ Agtech excellence, we aim to strengthen our Climate Intelligence services to empower farmers worldwide. Together, we'll harness data and innovation to fulfil our purpose and accelerate sustainable agriculture, from assessing soil carbon levels to deploying strategies that combat emissions on a planetary scale" - noted Jyotsna Budideti, CEO of SpaceSense. |
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42,473 | 22/04/2024 11:58 AM | Brits to issue their own sick notes via algorithm under plan to save GP time | brits-to-issue-their-own-sick-notes-via-algorithm-under-plan-to-save-gp-time | 22/04/2024 | In an attempt to reduce the workload of GPs, the UK is planning to introduce a new National Health Service (NHS) algorithm that will enable self-issued sick notes. The move is part of the government’s effort to reform the sick note system, as Prime Minister Rishi Sunak is seeking not only to alleviate GPs, but also end the “sick note culture.” “We need to change the sick note culture so the default becomes what work you can do — not what you can’t,” Sunak said during a speech last week. According to NHS data, 11 million sick notes were issued… This story continues at The Next Web |
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42,470 | 22/04/2024 11:30 AM | Biotech SeaBeLife awarded €1.5M to combat visual degeneration | biotech-seabelife-awarded-euro15m-to-combat-visual-degeneration | 22/04/2024 | SeaBeLife, a biotech company developing drugs intended to block cellular necrosis, has been awarded over €1.5M for its SeaBeEYE project at the i-Nov 2024 innovation competition. Funded by the French government’s France 2030 investment plan and administered by Bpifrance in collaboration with ADEME, the French ecological transition agency, the competition aims to support some of the highly innovative projects developed by French businesses. Geographic atrophy is a serious ophthalmological disease that affects over five million patients worldwide. The SeaBeEYE project is to develop a new therapeutic approach for geographic atrophy, an advanced and prevalent form of age-related macular degeneration (AMD). With few treatment options, this is one of the most significant unmet needs in the field of ophthalmology. SeaBeLife’s approach centres around a molecule that directly and simultaneously blocks the two forms of regulated necrosis – necroptosis and ferroptosis – responsible for photoreceptor cell death, which ultimately leads to vision loss. Its project focuses on the preclinical and regulatory development of a drug candidate with an innovative formulation. The company aims to have a treatment option ready for clinical trials in humans by the first quarter of 2026. SeaBeLife conducted its initial proof of concept using a dry AMD preclinical model. Two innovative formulations were tested: The first a sustained-release intravitreal injection, meaning patients would only need to have injections every two to three months. This was validated in vitro. The second a prototype eye gel for topical application (no injections required). Initial in vivo results confirm that this formulation is effective in transferring the active ingredient to the retina. “This financial backing is proof of the quality and potential of our project and will enable us to accelerate its development,” explained Morgane Rousselot, CEO and co-founder of SeaBeLife. “We now have the funds we need to move forward, while remaining open to potential collaborations with other industry partners and financial backers.” |
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42,475 | 22/04/2024 11:27 AM | Paris-based Payflows raises €25 million Series A to build the command centre for finance teams | paris-based-payflows-raises-euro25-million-series-a-to-build-the-command-centre-for-finance-teams | 22/04/2024 | Payflows, a one-stop SaaS platform designed for finance teams, has raised €25 million in funding to build the operating system that seamlessly integrates finance teams and workflows together. The Series A is led by Balderton Capital with existing investors Headline and Ribbit Capital doubling down on their previous investments. Founded in 2022 by former Luko… This content is for members only. Visit the site and log in/register to read.
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42,471 | 22/04/2024 11:06 AM | SaaS Payflows raises €25M Series A | saas-payflows-raises-euro25m-series-a | 22/04/2024 | Payflows, an AI-powered SaaS finance platform, has raised €25M in Series A funding. The Series A is led by Balderton Capital with participation from existing investors including Ribbit Capital, Headline, 20VC and the family offices of Plaid’s founder and Galeries Lafayette. Founded in 2022 by former Luko executives Pauline Glikman and Joseph Assouline, Payflows is building a ‘love letter to the finance team’ with their bud to update financial management systems by automating manual and repetitive tasks. The company has been growing in stealth for two years with clients such as Swile, Spendesk and Podimo. Its customers are primarily comprised of businesses at the mid to upper end of growth, particularly those who are facing complex regulations and operations across multiple markets and currencies. Payflows condenses different information sources for accounts payable, account receivable, customers, suppliers, payments and cashflows. Gilkman commented:
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42,469 | 22/04/2024 10:56 AM | Turkish Midas raises $45m for retail investment platform | turkish-midas-raises-dollar45m-for-retail-investment-platform | 22/04/2024 | Fintech startup Midas has raised $45m to enable retail investors in emerging markets to access crypto and mutual fund products. The $45 million fundraise was led by Portage and is one of Turkey’s largest ever Series A rounds. Midas hit profitability last year and, with two million users since its 2021 launch, the company wants to expand into new markets. The new capital will allow Midas to expand and roll out three new products: cryptocurrency trading, mutual funds, and savings accounts. Since its launch in 2021, Midas has opened up Turkey’s retail investment market to more than two million users. Previously, users faced onerous transaction fees and high minimum balance requirements, sometimes of up to $25,000, to access US stocks. Via its app, Midas offersoffer fast, seamless access to Turkish and US equities with low commission fees. Midas has also invested heavily in educating the market by producing easy-to-digest financial content for free. These include real-time stock market data and news, detailed company profiles, in-depth documentaries, a daily podcast, and a weekly newsletter to help investors navigate the markets. The new funding will allow Midas to grow its offering to include access to mutual funds, an interest-generating savings product, and cryptocurrency trading. In the next two-to-five years, Midas also projects that it will expand beyond Turkey, with plans to target countries in emerging markets. With its new products and expansion plans, the company will now move forward with its mission of changing Turkish people’s relationship with money – not just investing – and aims to become a leading financial institution in the region. Egem Eraslan, CEO and founder, said:
Paul Desmarais III, Co-Founder of Portage, commented:
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42,476 | 22/04/2024 10:30 AM | Beth Susanne, global pitch coach, will speak at this year’s EU-Startups Summit! | beth-susanne-global-pitch-coach-will-speak-at-this-years-eu-startups-summit | 22/04/2024 | We are excited to announce that Beth Susanne, global pitch coach icon who has helped her clients reach over $10 billion in funding will be speaking at this year’s EU-Startups Summit in Malta on May 9-10! Her workshops focus on how to craft and deliver a compelling pitch that will set you on the fast track to… This content is for members only. Visit the site and log in/register to read.
The post Beth Susanne, global pitch coach, will speak at this year’s EU-Startups Summit! appeared first on EU-Startups. |
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