Air taxi startup Vertical Aerospace extends runway with $50mn lifeline

Vertical Aerospace has been thrown a crucial lifeline, staving off potential bankruptcy at the cash-strapped air taxi startup.  The UK-based company — which makes electric vertical take-off and landing (eVTOL)…

Continue ReadingAir taxi startup Vertical Aerospace extends runway with $50mn lifeline

AI startup Gendo — the Midjourney for architecture — secures fresh capital

London-based startup Gendo has secured €5.1mn amid booming demand for its generative AI software built for architects.  British architectural designer George Proud and software engineer Will Jones founded Gendo in…

Continue ReadingAI startup Gendo — the Midjourney for architecture — secures fresh capital

Founderful raises $140M fund as Switzerland vies for Europe’s tech top spot

Zurich-based venture capital firm Founderful has raised $140mn in its second fund — $20mn more than its target and a strong sign of investor confidence in Switzerland’s flourishing tech ecosystem.  …

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Vay secures €34M to bring remote-controlled cars to the streets of Europe

German “teledriving” startup Vay has secured €34mn from the European Investment Bank (EIB).   In January, Vay launched a commercial remote-controlled car service in Las Vegas. Now it wants to roll…

Continue ReadingVay secures €34M to bring remote-controlled cars to the streets of Europe