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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And thus, after months of anticipation and speculation, the day of Arm’s IPO is upon us. The SoftBank-owned chip design company will begin trading in New York today, Thursday, with shares priced at $51 (€47.51) apiece. This gives Arm a valuation of $52.3bn (€48.7bn). Japanese SoftBank intends to hold onto just above 90% of the company. Still, the heavily oversubscribed round is set to raise about $4.9bn for Arm’s owners.... Read more ›
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X Shore, Sweden’s award-winning electric boat manufacturer, is launching its third model — and the first one dedicated to maritime professionals. Dubbed X Shore Pro, the electric vessel has been designed for companies and organisations with operations ranging from shuttle services and diving to commercial traffic and coast guards. Notably, one of the first boats sold will transport students to school in the Swedish archipelago. The X Shore Pro represents... Read more ›
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Amid the increasing commercialisation of space tech, Ubotica has partnered up with IBM to simplify the use of AI applications on board low-Earth-orbit (LEO) satellites. Founded in 2016, the Dublin-headquartered startup provides its CogniSAT edge computing platform for artificial intelligence systems on satellites, which enables AI inference to be performed on data directly in space. This is with the aim of addressing a pressing challenge: the costly and time-consuming storage... Read more ›
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Treefera says it wants to transform the accuracy, transparency, and efficiency of the carbon offset industry with AI and data from a trillion trees across the globe. It just received a vote of confidence in the form of a €2mn seed round led by Concept Ventures and participation from the CTO of Intel, among others. The practice of voluntary offsetting has faced criticism from various quarters, with concerns ranging from... Read more ›
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Europeans have become “pioneers in online rights” and now want to lead a “global framework for AI,” the EU’s top official said today. Ursula von der Leyen, the European Commission’s president, revealed the bloc’s digital plans during her State of the Union address in Strasbourg. She used the speech to flaunt the achievements of her three-year reign. A particularly large spotlight was shone on her tech policies. “We have set... Read more ›
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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 in public and private markets, resulting in less funding, lay-offs, less IPOs, flight to quality,... Read more ›
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Climate change anxiety is real, and it can cause feelings of powerlessness, or even apathy. While it is true that no soggy straws in the world will help as long as billion-dollar industries keep indiscriminately pumping oil out of the ground, it is also false to believe that our individual efforts do not matter. In a new game published last week, called The Time is Now: Toolkit for Change, the... Read more ›
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Single-glazing. Old electric-powered heat emitters. Walls with hardly any insulation. Damp throughout the ground floor. Welcome to Europe. While these problems vary in prevalence from country to country, even nations rated highly in assessments of household energy efficiency have room for improvement. Sweden, for instance, often does very well in such analyses. But for Magnus Petersson, cofounder and chief executive of Stockholm-based Dryft, there’s plenty of work still to do.... Read more ›
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New iPhones always arrive with upgrades, but this year’s crop will feature one improvement that Apple didn’t want to make. As a result of new EU rules, the US tech giant is set to ditch its Lightning charging cable for a USB-C wire. The entire range of iPhone 15s is expected to make the transition. Full details will be revealed at Apple’s Wonderlust event, which begins at 19:00 CEST today.... Read more ›
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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. It leverages public and private data sources and is meant to help improve decision making... Read more ›
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A Swiss startup has unveiled a solution to the global shortage of security guards: an autonomous patrol robot. Named the Ascento Guard, the two-wheeled sentinel is equipped with thermal and infrared cameras, speakers, a microphone, and GPS tracking. The bidepal design promises all-terrain mobility, fall recovery from any position, and top speeds of 5km/h. Using these features, the Ascento Guard can spot trespassers, monitor parking lots, and record property lights.... Read more ›
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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, NordicNinja is led by a team of founders, engineers, and operators turned investors from Northern... Read more ›
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Dell and University of Limerick (UL) in Ireland have teamed up to advance cancer research using AI. Specifically, the tech giant will be working with UL’s Digital Cancer Research Centre to help doctors provide more efficient cancer care for patients suffering from B-cell lymphoma. This covers the entire spectrum of care, from speeding up diagnosis to improving treatment and long-term outcomes. To achieve this, Dell has developed an AI platform,... Read more ›
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Space startup Open Cosmos will accelerate its mission to protect our planet after raising $50mn in a new funding round. The UK-based company uses satellites to tackle environmental issues. By tapping AI, sensors, and Earth Observation (EO) imagery, the probes provide unique insights into climate change. These findings can shine new light on global temperatures, greenhouse gases, polar ice caps, sea level changes, natural disasters, and deforestation. Scientists can then... Read more ›
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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 companies are attempting to influence the bloc’s digital economy. Among them, big tech is (rather... Read more ›
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Last week, Stellantis announced it had inaugurated its first, €40mn, battery tech centre in Turin, Italy. This will allow for in-house testing and development of EV battery packs for the company’s upcoming products. The move is part of a plan to expand battery building capacity to 400GWh — and significantly reduce battery weight. The Mirafiori Battery Technology Centre is 8,000 square metres in total, which makes it the largest battery... Read more ›
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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 and radar. In the Russian-Ukraine war, chips power HIMARS rocket launchers, Javelin anti-tank missiles, and... Read more ›
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At a somewhat small and unassuming airport in Maribor, Slovenia, German hydrogen propulsion startup H2FLY has quietly been building up to a major milestone in zero-emission aviation over the summer. And all the hard work has come to fruition, with the successful completion of the world’s first crewed liquid hydrogen-powered flights. Before any aviation history enthusiast out there goes “but what about the Tupolev Tu-155?” — yes, the Soviets did... Read more ›
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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 will include areas such as product development, technology, marketing and sales, fundraising, and go-to-market strategies.... Read more ›
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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 Ireland — the UK’s only land border with an EU member state, the Republic of... Read more ›
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29.06.2026 19:21
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