3 ESG myths VCs and startups need to snap out of quickly
Environmental, social, and corporate governance (ESG) is not a new topic in the European startup space — in fact, it’s been talked about and debated for years on end. Yet,…
Milan startup opens world-first production facility for glass-based quantum photonic chips
NATO-backed Ephos announced today the opening of a production facility dedicated to glass-based quantum photonic chips — a world first, according to the startup. These chips can power quantum applications…
Future Tech Ventures launches with €20M fund for startups in Northern Netherlands
Future Tech Ventures (FTV), a new venture capital firm focusing on startups in the Northern Netherlands, officially launched yesterday in Groningen. FTV debuted with a €20mn fund that will support at…
BMW-backed DeepDrive raises €30M to industrialise ultra-efficient EV motor
German startup DeepDrive has bagged €30mn to scale up its electric motor technology that promises to boost EV range to over 800km — without any changes to battery capacity. Founded…
NATO’s first quantum tech investment goes to Southampton startup
The NATO Innovation Fund (NIF) has announced its first investment in quantum tech, leading a €5mn seed round. The recipient is Southampton University spinout Aquark Technologies, which has developed a…
Swiss startup bets on photonic chips to cut data centre energy consumption
Amid the AI boom, data centres are consuming alarming amounts of electricity. They’re also responsible for 1% of global energy-related emissions. By 2030, their power demand could increase by 160%.…
Germany picks 4 startups to deliver world’s first quantum computer for ‘mobile defence’
In its most expensive project to date, Germany’s Cyber Agency (Cyberagentur) has awarded three different contracts to four quantum computing startups — Quantum Brilliance, ParityQC, Oxford Ionics, and neQxt. Their…
Algorithm startup QMill vows to become ‘first to provide quantum advantage’
Espoo outside of Helsinki is turning into quite the quantum hub. The city’s latest addition to the Finnish quantum computing ecosystem is QMill. The newly minted algorithm startup just raised…
Flink raises $150M despite rapid grocery delivery sector slowdown
Flink, one of the few rapid grocery delivery startups left operating in Europe, has secured $150mn to grow its business in Germany and the Netherlands. The funding comprises $115 million…
French startup Poolside nears $3B valuation for AI that can write code
Paris-based AI startup Poolside is in discussions to raise nearly $500mn at a $3bn valuation, Bloomberg reports. Poolside is developing a ChatGPT-like large language model (LLM) that writes software code…
German startup secures $62M for ‘carbon negative’ biogas power plants
German startup Reverion has secured $62mn as it looks to scale a mini power plant that can generate clean energy, capture CO2, and make hydrogen all in one shipping container-sized…
Ukrainian startup plans to defend companies from disinformation with AI
A Ukrainian startup forged by war is bringing counter-disinformation to the business world. Osavul was founded in 2022 to fight Russian propaganda. To analyse the threats, the company applied AI…
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