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Cino cracks bill-splitting at the moment of payment, raises seed round

While Venmo or Splitwise are effectively “debt collector” tools, which require one person to pay a full bill and then request funds from others, neither have cracked bill-splitting at the moment of payment. European startup Cino, which has come up with just such a product, has now raised €3.5 million in a seed-funding round led […]

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No part of Amazon is ‘unaffected’ by AI, says its head of AGI

“There’s scarcely a part of the company that is unaffected by AI,” said Vishal Sharma, Amazon’s VP of Artificial General Intelligence, on Monday at Mobile World Congress in Barcelona. He dismissed the idea that open source models might reduce compute needs and deflected when asked whether European companies would change their generative AI strategies in light […]

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Archipelo comes out of stealth with $12M funding to secure human and AI-driven code

When it comes to AI software, you can build something clever, but that’s not always the same as building something that is secure. With so much software now getting written by AI, having a window into its security can be a challenge. That’s the premise of Archipelo, a San Francisco-based cybersecurity startup that is today […]

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Just Move In raises $8M Series A for its home setup service 

Fintech has fragmented into increasingly specialized, cucumber-sliced micro-services, ranging from embedded buy-now-pay-later loans to specialized neo banks to yet more payment processing systems. What opportunities remain for innovators in such a fragmented landscape? One U.K. startup, Just Move In, zoomed out and realised that the home had been overlooked by everyone in the industry. And […]

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Europe’s Relay pulls in $35M Series A after applying Asia’s model to delivery

Being somewhat later than Europe in adopting the idea of parcel delivery, much of Asia built its delivery infrastructure around e-commerce, effectively “Uberizing” how deliveries worked down to the last mile. Think DoorDash but for parcels, not food. This is what the founders of Europe’s Relay realized and decided to bring to the region — […]

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Shop Circle raises $60M to encircle e-commerce with an app suite

The boom in e-commerce post-pandemic meant shops moved online. However, some merchants ended up with dozens of separate app providers to accommodate everything from supply chains, to inventory, to marketing. The founders of Shop Circle realized this and either built or bought many such apps. The company has now raised $60 million in a Series […]

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German startup wins accolade for its fusion reactor design

Proxima Fusion, a two-year-old, German nuclear fusion startup, has published plans for a working fusion power plant in a peer-reviewed journal, in what is being touted as a step-change in the race to generate limitless energy. Today’s nuclear fission reactors create radioactive waste, whereas nuclear fusion releases vast amounts of energy, with zero carbon emissions and […]

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Sweden’s Lovable, an app-building AI platform, rakes in $15M after spectacular growth

Using generative AI to create software has been possibly the largest use case since it first appeared a couple years ago. But platforms like Cursor and Copilot are mostly confined to a world inhabited by trained engineers.  Lovable, a Swedish AI startup, reached the front page of both Product Hunt and Hacker News last year […]

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Three years on, Europe looks to Ukraine for the future of defense tech

Today marks three years since Russia’s illegal, unprovoked, and brutal invasion of Ukraine. The Ukrainian people have heroically fought the war with grit and determination, but they have also, against the odds, innovated on and off the battlefield.  In addition to establishing a defense tech initiative called BRAVE1, the country has also hosted tech conferences like […]

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Key Cambridge, UK VC launches $126M fund to stem later-stage flight

It’s often said that the U.K. and Europe lack the huge level of growth funding for later-stage startups that the U.S. has for its own, and this is correct. According to the European Investment Fund, there are at least seven times more large-size VC funds in the U.S. than in Europe. So the appearance of a […]

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Valar Atomics comes out of stealth with $19M and a pilot reactor site

Companies developing small modular nuclear reactors (SMRs) have raised more than $1.5 billion in the past year, as tech companies hunger for power to train AI models and governments decide to commit to the industry. For example, X-energy raised $700 million this month, and Paris-based Newcleo raised $151 million last year, and one would be […]

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Legal tech startup Luminance, backed by the late Mike Lynch, raises $75M

Generative AI is getting better at interpreting dense texts, and this progress has proven to be a boon for startups attacking one of the most complex sets of texts there is: the law. It makes sense then that we’ve been seeing a new burst of activity in the legal tech space off the back of […]

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Olyn secures Beatles biopic for its ‘Shopify for filmmakers’

The recent Brian Epstein biopic “Midas Man,” a film about the manager of The Beatles, debuted not on a platform like Netflix or Amazon, but on a startup that bills itself as “Shopify for filmmakers.” So what, you might ask? The answer is that the new platform, Olyn, claims to offer a new model for […]

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NATO backs its first cohort of European dual-use startups

With both Vice President J.D. Vance and U.S. Defense Secretary Pete Hegseth making loud noises Friday about Europe stepping up to the plate in spending more on its own defense, it might come as a surprise that Europe is already on the path toward far greater investment in defense, especially in tech. Not only has […]

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Plain pulls in $15M to aggregate B2B customer services chats into one platform

Internal customer support platforms are moving from platforms like email ticketing systems and chat to channels like Slack, Microsoft Teams, and even Discord. But with Slack, for instance, able to host hundreds of channels, the whole thing can become quite unwieldy.  Plain, out of the U.K., thinks it has the answer. Its API-first platform consolidates […]

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AI-driven manufacturing database Keychain raises $5M for European push

Brands are constantly trying to streamline how they source packaging materials and ingredient suppliers for their products in order to quickly meet consumer demand. However, even today this process can involve some laborious wandering around trade shows. Keychain is an AI-powered platform that aims to quickly connect the consumer packaged goods (CPG) industry with manufacturing […]

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Tech giants and startups join forces to call for simpler EU rules on AI, data

As the AI Summit got underway in Paris on Monday, some 60 European companies — from incumbent industrial giants to AI startups (including France’s large language model maker Mistral) — signed up to an initiative to help establish Europe as a leader in AI. But the fact that they felt the need to sign up at […]

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Could this startup’s compact nuclear reactors revolutionize cancer detection?

As cancer rates in the West, and globally, tack upwards due to lifestyle and environmental pollution, so does the need for the nuclear isotopes used in detecting those cancers in a medical setting. But with many reactors built in the 70s and the 80s scheduled for shut down, the materials used are becoming rarer and […]

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Aiming to accelerate product design with AI, Trace.Space raises a seed round

Modern product engineering requires the production of highly accurate digital simulations, allowing engineers to create prototypes and understand the real-world performance of materials. Currently, legacy software platforms from companies like IBM and Dassault are generally deployed, but now startups are joining the arena, powered by generative AI. One such is Trace.Space, coming out of Riga, […]

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