EU launches plan to give AI startups access to supercomputers
To give AI startups in Europe a better chance, the European Union is making supercomputers available. However, AI startups must comply with the upcoming AI Act to use the devices.
European Union supercomputers will soon be deployable by a wider audience. Namely, startups can use the devices to ... Read more
HPE sets up partnerships to support more startups
HPE aims to create more equity for cloud access with the newly announced HPE Diversity Startup Program. In partnership with Alpha3 Cloud, HPE launched the initiative that supports women and minorities. It is also expanding SMB(small/medium business) plans to include more partnerships with U.S. univ... Read more
‘EU startups on track to raise $85B, down from $100B+ in 2021’
This is the region's second consecutive year of decline following a record-breaking 2021.
London-based venture capitalist Atomico analysed the startup investment landscape in Europe. The report highlights an immense concentration of venture capital activity. Just three countries – the UK, Ge... Read more
Venture capitalist EQT launches €1.1 billion fund to boost tech startups
Sweden's EQT Ventures is on the lookout to scale European startups through its recent €1.1 billion fund.
Many companies are struggling to find adequate funding as investors have a reduced appetite for funding startups. However, some are in luck due to the long-term funding of venture capitalis... Read more
€500 million startup Yokoy expands from Amsterdam to Spain
Yokoy announced an expansion into Spain. Earlier this year, the startup opened an office in Amsterdam to storm the European market. According to CNBC, the three-year-old company was recently valued at €500 million.
Yokoy develops spend management software. Clients use the technology to record... Read more
SentinelOne launches €101 million startup investment fund
SentinelOne launched S-Ventures, an investment fund for promising startups in security and data.
The initial fund features $100 million (€101 million) for investments in solutions that help companies solve important challenges. S-Ventures is looking for startups of all stages that can bring i... Read more
Former Qualcomm VP indicted for multi-million dollar fraud scheme
Karim Arabi, the former vice president of research and development at Qualcomm, faces fraud charges for the sale of his startup to Qualcomm. Arabi allegedly developed and monetized Qualcomm's intellectual property while employed by the chip giant. His startup was sold in 2015 for €145 million ($1... Read more
Celus raises $25 million for circuit board design automation
Celus raised $25M in a series A funding to develop a self-mechanized and automated electronic circuit board design.
The German startup reported that it raised $25 million in a Series A funding round led by Earlybird Venture Capital. Investors Plug and Play, Speedinvest and DI Capital took part. ... Read more
Tech startups face ‘period of great uncertainty’
Apple lost 200 billion dollars in value, Alphabet's figures dissapoint and Twitter is no longer hiring. The IT industry is under pressure worldwide. Western Europe faces consequences. "We are entering a period of great uncertainty", warned Prins Constantijn, startup ambassador and brother to the ki... Read more
Linker Cloud in Poland raises €3.5M to develop EU fulfilment network
Linker Cloud, a polish startup specializing in proprietary logistics processes management solutions, raised €3.5 million in seed funding to develop a fulfilment network dedicated to eCommerce companies in the European markets.
ffVC Poland and Street-Smart Capital from Finland participated in t... Read more