Ecosystems

german-startup-fernride-bags-$50m-to-make-trucking-autonomous

German startup Fernride bags $50M to make trucking autonomous

Munich-based autonomous trucking startup Fernride has closed a further $19mn in its Series A funding round, neatly pushing the total amount raised in the round to $50mn.  Founded in 2019, Fernride has developed autonomous vehicle software that converts trucks into self-driving machines. These haulers operate at Level 4 autonomy which means the vehicle can drive […]

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French car battery startup secures €2bn as EU looks to wean itself off Chinese tech

French car battery startup Verkor has secured €2bn to build its first manufacturing plant in France, at a time when Chinese competitors are rapidly gaining market share in Europe.   The funding round includes €650mn in French subsidies, a sizeable level of state support indicative of the government’s commitment to boosting local production of lithium-ion batteries

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Meet the VC on a mission to bridge climate tech’s funding gap

When it comes to saving the world — or, let’s face it, civilisation, the planet will recover — there is no silver bullet. Rather, it is going to take a holistic approach of caring for the Earth and each other.  A technological revolution got us into this pickle. Ironically, technology might just be the Hail

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UK’s new AI principles target ‘pro-innovation’ edge over the EU

Britain has expanded its principles-based approach to AI regulation, which aims to create a pro-innovation edge over the EU. In an announcement yesterday, the UK government unveiled seven new principles for so-called foundation models (FMs), which underpin applications such as ChatGPT, Google’s Bard, and Midjourney. Trained on immense datasets and adaptable to various applications, these

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european-fintech-funding-drops-70%-in-first-half-of-2023

European fintech funding drops 70% in first half of 2023

Fintech funding in Europe has been greatly affected by the challenging economic environment, the latest report by Finch Capital has found. Specifically, startups in the sector raised a total of €4.6bn in the first half of 2023 — down 70% from €15.3bn in H1 2022. “Since mid-2022 we have seen an increase in investment discipline

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‘World’s most accurate’ startup data platform to identify gaps in AI ecosystem

Today, the Saïd Business School at the University of Oxford, along with early-stage VC OpenOcean, released what they call “the world’s most accurate open access startup insights platform” — the O3.  The platform is the result of three years of research from Oxford Saïd and 13 years of experience of data economy investing from OpenOcean.

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nordicninja-raises-e200m-fund-for-climate,-deep-tech-startups

NordicNinja raises €200M fund for climate, deep tech startups

NordicNinja, the largest Japanese VC in Europe, has raised a fresh fund of €200mn for early-stage startups active in climate and deep tech, with particular focus on the intersection between sustainability and digitalisation. Alongside the funding, startups will receive support and access to a network of over 120 blue chip Japanese corporations. Founded in 2019,

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tech-companies-spend-e113m-per-year-on-lobbying-eu-policies

Tech companies spend €113M per year on lobbying EU policies

Tech companies spend over €113mn per year on lobbying the EU’s decision-making policies, a new study by the Corporate Europe Organisation (CEO) has found. Alarmingly, the tech industry’s lobbying power has also increased by 16.5% over the past couple of years — from €97mn in 2021 to €113mn in 2023. Overall, a total of 651

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eu-has-‘no-chance’-of-semiconductor-independence-—-but-neither-does-anyone-else

EU has ‘no chance’ of semiconductor independence — but neither does anyone else

Our world runs on semiconductors. The slivers of silicon provide electronic brains to phones, computers, cars, data centres, and stock markets. They’re also the digital backbone of modern militaries.  Some of the first chips ever made were used in missile guidance systems. Today, they power countless military devices, from fighter jets and howitzers to radios

EU has ‘no chance’ of semiconductor independence — but neither does anyone else Leer más »

meet-the-10-deep-tech-startups-in-intel-ignite’s-first-uk-accelerator

Meet the 10 deep tech startups in Intel Ignite’s first UK accelerator

Intel Ignite, Intel’s accelerator for early-stage deep tech startups, has unveiled the 10 companies that will comprise its newly-launched London cohort — the first one in the UK. Starting on September 12, the selected startups will take part in a 12-week programme, during which founders will receive mentorship and guidance on their growth journey. This

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uk-rejoins-eu’s-horizon-flagship-research-programme

UK rejoins EU’s Horizon flagship research programme

After months of negotiations, the UK is rejoining Horizon, the EU’s €95.5bn flagship research and innovation programme, prime minister Rishi Sunak announced Thursday. Although the country’s participation in the programme was part of the Brexit deal, its membership had been blocked for three years following Brussels’ and London’s feud over the trade rules for Northern

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Apple and Microsoft deny EU ‘gatekeeper’ status for iMessage and Bing

Apple and Microsoft are pressing the EU to omit iMessage and Bing, respectively, from a list of “gatekeepers” subject to new regulatory requirements. Their reasoning? The services, claim the companies, simply aren’t popular enough. The dispute stems from the EU’s new Digital Markets Act, a landmark law designed to constrain the power of big tech.

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