Cloudflare’s engineering headcount surged 45 percent in the weeks after the company cut 1,100 jobs in May, according to BNP Paribas data drawn from LinkedIn profiles. The finding, first reported by Business Insider, shows Cloudflare’s engineering staff grew from 1,308 to 1,894 even as its total workforce shrank by a fifth. CEO Matthew Prince confirmed […] This story continues at The Next Web Read more ›
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Deep tech startup QDI Systems has secured €5mn in Series A funding to further boost its ambitious mission: revolutionising X-ray imaging and mammography screening using quantum dots technology. Quantum dots are microscopic semiconductor nanoparticles that convert photons into electronic signals. Although first discovered in the 1980s, quantum dots have only recently been used in the electronics and biomedical industry. QDI Systems claims to be the first to apply the technology... Read more ›
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Swedish battery maker Northvolt has raised €4.6bn to boost the expansion of Europe’s first homegrown gigafactory and support the company’s battery recycling plans. Specifically, the capital will help expand cathode production and cell manufacturing at the Northvolt Ett factory in northern Sweden. It will also enable the development of Revolt Ett, the adjacent recycling plant in the final stages of its commissioning and is currently processing its first materials. The... Read more ›
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The escalating situation in the Red Sea has forced Tesla to halt production at its gigafactory in Germany, in what marks the latest headache for Elon Musk’s car company in Europe. The carmaker said last week that production at its plant in Berlin, which makes Model Y vehicles and batteries, will be put on hold from January 29 to February 11 due to a “lack of parts.” Tesla heavily relies... Read more ›
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The Peregrine lunar lander is set to crash back to Earth in a sudden end to a mission that was set to put the first piece of European-built technology — and the human remains of a distinguished British sci-fi author — on the Moon. Shortly after launching from Cape Canaveral space station on Monday January 8, the spacecraft suffered a “critical loss of propellant” and was doomed to failure ever... Read more ›
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Swiss startup Sirius Aviation has unveiled designs for the world’s first hydrogen-electric vertical takeoff and landing (eVTOL) aircraft. The jet, which kind of looks like Night Fury from How to Train Your Dragon, is billed to travel 1,851 km at speeds up to 520 km/h. That is four times as far as competitors like German eVTOL startup Lilium are targeting using batteries. It will achieve these feats thanks to liquid... Read more ›
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As a kid, perhaps unsurprisingly, I was the only person I knew interested in birdwatching. Nevertheless, I regularly went out in nature armed with my binoculars, bird book, and camera, ready to document as many species as I could. The process was largely manual — spot a bird through the binoculars, snap a pic (if it stood still for long enough), and then try to figure out what species it... Read more ›
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A humanoid just has taken a step towards consumer households after robot maker 1x raised a cool $100mn. The Norwegian startup will spend the funds on bringing an android named Neo to the market. The bipedal is designed for everyday domestic tasks, from laundry to tidying. “The once-distant dream of having a versatile, intelligent home assistant is now becoming a reality,” Bernt Øivind Børnich, CEO of 1X, told TNW. Børnich... Read more ›
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The European Space Agency’s budget for 2024 has hit a record €7.79bn — 10% more than last year. The largest portion of the funds will go to Earth observation (EO), which is allocated almost €2.4bn — around 30.5% of the total. It’s a share that reflects growing demands for satellite-based monitoring of our planet. The data can play a powerful role in managing pressing global challenges, such as climate change... Read more ›
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Welcome to the new episode of the TNW Podcast — the show where we discuss the latest developments in the European technology ecosystem and feature interviews with some of the most interesting people in the industry. In today’s episode, Andrii is joined by Boris Veldhuijzen van Zanten, co-founder, member of the board, and former CEO of TNW. The topics discussed include the jobs created by Dutch startups, giant state... Read more ›
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Old Tesla batteries can look forward to new lives thanks to new funding for an energy system built from the ageing power units. The concept is the brainchild of Cactos, a startup based in Finland. Cactos converts the batteries into smart electricity storage units, which optimise energy consumption. Investors are providing growing backing for the approach. Cactos today announced that it’s raised over €26mn in equity funding, which the startup... Read more ›
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Europe is electrifying — literally. From EVs to heat pumps, more and more of our critical technologies need to get plugged in. This is a positive step toward net zero, but it is also putting a massive strain on the electricity grid. Grid congestion is like rush hour traffic on a busy highway — excessive demand for electricity creates bottlenecks and slows the flow of energy.This can cause power outages,... Read more ›
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Antitrust regulators in the EU have joined their British counterparts in scrutinising Microsoft’s alliance with OpenAI. The European Commission, the bloc’s executive arm, said on Tuesday that it’s “checking whether the partnership should be reviewed under the EU Merger Regulation.” If such a review is required, it could put the multibillion-dollar deal in danger. The EU’s announcement comes just weeks after British regulators made a similar move. In December, the... Read more ›
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Instability is at the heart of technology, as new innovations constantly change the game. However, the last couple of years have been especially volatile as interest rates rose, VC funding free-for-alls dried up, and mass layoffs began. Now things are beginning to stabilise, and organisations are hiring more strategically, jobs across tech sectors are a safer bet. Here’s where savvy job seekers are looking in 2024. AI The chaotic CEO... Read more ›
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Syndicate One, a Brussels-based angel investment group, has completed an initial €4.8mn close of its debut fund, after opening its capital to external investors for the first time in 2023. A second close is planned for early 2024. The capital will be used to further the group’s mission: boosting Belgium-based and Belgium-founded tech startups that show high potential. The early-stage investment group was launched in 2022 and draws from a... Read more ›
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There is big tech — and then there is smaller tech with big impact. Dutch AI startup Whispp is using assistive voice technology to convert speech diminished by ailments such as stuttering, throat cancer, vocal cord paralysis, and ALS, into the person’s original, natural voice. The startup, based in Eindhoven, just secured a €750,000 seed funding round led by LUMO Labs to launch its assistive voice technology and its first... Read more ›
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Dutch online supermarket Picnic has bagged a cool €355mn in funding after a year of international expansion, the company announced today. The grocery delivery service launched in the Netherlands back in 2015, before later entering France and Germany. Picnic said that the expansion across Europe helped the business grow by 40% in 2023. Turnover for the year reached an estimated €1.25bn. A particularly thriving new market is Hamburg, which hit... Read more ›
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AI is fast becoming a game-changer for banks, and 2023 saw a greater integration of these tools, especially in areas such as fraud detection and customer experience. The data-driven nature of the banking industry provides exactly the right environment for rapid and effective AI deployment. As we enter 2024, it is likely that there will be expeditious growth in both adoption and effectiveness in the areas where it is already... Read more ›
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A US rocket carrying the first ever European-built tech set to land on the moon successfully launched in the early hours of Monday morning. Known as an Exospheric Mass Spectrometer (EMS), the tech is a crucial component of the Peregrine Lunar Lander. Yesterday, the lander was propelled into space aboard a Vulcan rocket from Cape Canaveral space station. The EMS will explore the Moon’s atmosphere, by measuring water and other... Read more ›
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Readers, it’s happening: Apple will soon allow iOS users to sideload app stores in the European Union (EU). This will enable consumers to access software through other means than Apple’s App Store — and this move could have huge implications not only for the company, but also for Europe’s consumer and business markets. While the specific date for sideloading is unconfirmed, the rumours predict this will happen at some point... Read more ›
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The same tunnels used to extract fossil fuels for centuries are now helping to heat British homes with clean energy from the Earth’s core. It’s called mine water heating and it has the potential to provide critical warmth to hundreds of thousands of homes in the country’s north. At least one quarter of UK homes sit above abandoned coal mines. Residents in these towns and cities concurrently grapple with skyrocketing... Read more ›
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29.06.2026 07:30
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