Europe
The latest startup and technology news coming out of Europe.
In a major update, Proton adds privacy-safe document collaboration to Drive, its freemium E2EE cloud storage service
Collaborative document features are being made available inside Proton Drive, further extending the company’s trademark pitch of robust security.
For the past couple of years, innovation has been accelerating in new materials development. And a new French startup called Altrove plans to play a role in this innovation cycle.…
Sensorita uses digital twins to help waste management companies streamline construction waste
The amount of waste produced by the construction industry adds up to more than a third of the overall waste produced each year in the European Union. And it’s no…
Music, podcasts, audiobooks…emergency alerts? Spotify’s latest test has the streaming app venturing into new territory with a test of an emergency alerts system in its home market of Sweden. According…
Vaire Computing raises $4.5M for ‘reversible computing’ moonshot which could drastically reduce energy needs
Vaire Computing, based in London and Seattle, is betting that chips that can do reversible computing are going to be the way forward for the world.
Meta’s ‘pay or consent’ model fails EU competition rules, Commission finds
The EC has found that Meta’s “pay or consent” offer to Facebook and Instagram users in Europe does not comply with the bloc’s DMA.
Identity.vc is bringing capital and community to Europe’s LGBTQ+ venture ecosystem
Identity.vc writes checks that range from €250,000 to €1.5 million into companies from the pre-seed to Series A stages.
Defense tech and ‘resilience’ get global funding sources: Here are some top funders
We live in a very different world since the Russian invasion of Ukraine in 2022 and Hamas’s October 7 attack on Israel. With global military expenditure reaching $2.4 trillion last…
Following raft of consumer complaints, Shein and Temu face early EU scrutiny of DSA compliance
Ultra-low-cost e-commerce giants Shein and Temu have only recently been confirmed as subject to centralized enforcement of the strictest layer of the European Union’s digital services regulation, the Digital Services…
Feather raises €6M to go Pan-European with its insurance platform for expats
As a foreigner, navigating health insurance systems can often be difficult. German startup Feather thinks it has a solution and raised €6 million to help some of the 40-plus million…
Rohlik rolls up $170M to expand in European grocery delivery and sell its tech to others
The salad days of fresh grocery delivery startups are over, but those that have stayed the course, and built businesses that are seeing gains, are still here and hungry for…
As Spain gets its latest VC fund, Southern Europe appears to be on a roll
While startup valuations have plummeted since the bull run of 2021-2022, a factor that’s hit the European startup ecosystem particularly hard, there’s one region of Europe where the correction has…
Amazon hit with fresh class action-style suit in UK — $3.4B in competition damages sought for 200,000+ sellers
Amazon is facing another competition lawsuit in the U.K. The latest claim, which was filed Thursday, is seeking more than £2.7 billion in damages — or around $3.4 billion at…
Dust grabs another $16M for its enterprise AI assistants connected to internal data
French startup Dust has raised a $16 million Series A funding round led by Sequoia Capital. With Dust, companies can create custom AI assistants and share them with their employees…
Synthflow picks up $7.4M for no-code voice assistance for SMEs
What is AI good for? Automating repetitive tasks for the very busy people running small businesses, reckons Berlin-based startup Synthflow, which is announcing a $7.4 million seed round for its…
Unbabel among the first AI startups to win millions of GPU training hours on EU supercomputers
Four startups will share €1 million in prize money and 8 million GPU hours to train their models on a couple of the bloc’s HPC supercomputers over the next 12…
EasyTranslate thinks augmenting LLMs with humans will give it an edge over pure AI translation services
EasyTranslate is headed in a new direction with a new, generative AI-driven platform that it calls HumanAI.
Backed by Deutsche Telekom and SoftBank, DTCP raises $450M for its growth and early-stage funds
German investment management firm DTCP held the final close of its third growth fund and an initial closing of its new early-stage fund.
Tengo untangles the messy world of public sector procurement with AI
Tengo uses AI to find, evaluate and respond to public tenders. It’s a software-as-a-service tool that helps companies handle public tenders at scale — a bit like Govly in the…
EU accuses Microsoft of competition breach over Teams bundling
The European Union accused Microsoft of breaching competition rules Tuesday. In a formal statement of objections, the bloc said it suspects the software giant of abusing antitrust rules by bundling…
SkyCell nabs $59M more for its greener smart pharma transport containers
The Swiss startup has closed out its Series D at $116 million, which it will use to double down on working with companies operating in Asia and the U.S.
Chift lets SaaS companies integrate with dozens of financial tools with a unified API
Pennylane, Qonto, Agicap, Pleo and Mollie have one thing in common. They all use Chift in one way or another to manage integrations with other services. And this relatively young…
TechWolf raises $43M to take an AI-sized bite out of the internal recruiting game
TechWolf has built an AI engine that ingests data from internal workflows to learn about the people doing that work.
The EU Digital Identity Wallet: Everything you need to know about the EU’s plans for a universal digital identity system
If all goes to plan, Europeans will be able to download and use a free EU Digital Identity Wallet to access a wide range of public and private services.
EU member states remain divided on controversial CSAM-scanning plan — but for how long?
Opponents also contend the EU plan will fail at its claimed aim of protecting children, suggesting law enforcement will instead be swamped by millions of false positives.
Amazon is bringing its generative AI listing smarts to more sellers, revealing today that those in France, Germany, Italy, Spain and the U.K. can now access tools designed to improve…
PQShield secures $37M more for ‘quantum resistant’ cryptography
Malicious hacking is getting increasingly sophisticated, and that’s leading to a very clear trend in security technology. To keep people and organizations safe, security also has to continue improving. Security…
Hero wants to save the day for companies facing a working capital crunch
Hero, a new fintech startup based in Paris, is announcing an €11.3 million all-equity funding round led by Valar Ventures ($12.2 million at today’s exchange rate). For the past couple…
Like it or hate it, artificial intelligence — especially generative AI — is the technology story of 2024. OpenAI, with its rollouts of viral services like ChatGPT and billions in…
Featured Article
C12, a French quantum computing startup founded by twin brothers, raises $19.4M
C12 is announcing that it recently raised an €18 million funding round ($19.4 million at today’s exchange rate). Originally founded in 2020 as a spinoff from the Physics Laboratory of the École Normale Supérieure, the company has been working on a unique process to create quantum computers based on carbon…
