VC investment in European defence tech to hit record $1B in 2024, report finds
Following a five-fold growth since 2018, VC investment in Europe’s defence tech is set to hit a record year in 2024, as it’s on course to reach $1bn. According to…
New UK startup raises $12M for personal AI agents with long-term memory
London-based Convergence has raised $12mn in pre-seed funding to further develop its personal AI agents, which can learn using long-term memory much like humans do. Behind the startup are machine…
London, Paris, Amsterdam are the leading VC ecosystems in Europe, report finds
London, Paris, Amsterdam, and Berlin are the leading VC ecosystems in Europe, but the region is significantly lagging behind the US and Asia. That’s according to the latest report by…
UK biotech startup raises $100M for next-gen vaccines for respiratory viruses
The vaccine market might be a crowded one, but London-based Vicebio aspires to cement its own place within it. The startup announced today it has raised $100mn in Series B…
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…
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