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The Next Web
Ioanna Lykiardopoulou @ The Next Web · 03/06/2024 10:59 EDT

Digital bank Monzo raises ÂŁ340B amid UK push to remain fintech leader

Amid tough market conditions, digital bank Monzo has raised ÂŁ340bn (€409mn) in new funding, reaching a post-money valuation of ÂŁ4bn (€4.7bn). The round was led by new investor CapitalG, the growth fund of Google’s parent company Alphabet. GV (Google Ventures, Alphabet’s venture capital investment arm) and HongShan Capital (a ChineseVC firm that split from Sequoia Capital last year) also participated, alongside existing investors including Passion Capital and Tencent. Monzo says... Read more â€ș

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The Next Web
Thomas Macaulay @ The Next Web · 03/06/2024 09:17 EDT

Nobel winner behind graphene hails new ‘wonder materials’ for smart contact lenses

A Nobel Laureate who co-created graphene has made another discovery that could turbocharge numerous futuristic applications, from smart contact lenses to rapid disease detection. Konstantin Novoselov, who won the 2010 Nobel Prize for Physics, is among a group of scientists behind the breakthrough. The team announced today that they’ve unearthed unique properties in two unusual compounds: rhenium diselenide and rhenium disulfide — aka ReSe2 and ReS2. The duo comes from... Read more â€ș

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The Next Web
Mart Duitemeijer and Beau-Anne Chilla @ The Next Web · 03/06/2024 08:25 EDT

Why US-based VCs are investing big in European climate tech

In the last decade, the US established itself as a leader in funding climate tech ventures, with Europe trailing. Known for their willingness to embrace risk and invest heavily, US investors stand out in their approach to supporting these ventures. The world of climate tech is marked by uncertainty: new markets are emerging, technology winners are yet to be determined, and fluctuating policies impact commercial viability. Notably, many of these... Read more â€ș

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The Next Web
Andrii Degeler @ The Next Web 2 place · 03/06/2024 07:17 EDT

TNW Podcast: The tech that makes us walk

ï»ż 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 and Ioanna talk about the benefits of walking, progressive web apps, unhealthy food, and physical controls in cars in the EU. Here are the stories and things mentioned in... Read more â€ș

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The Next Web
SiÎn Geschwindt @ The Next Web · 03/06/2024 05:05 EDT

UK startup launches AI satellite to provide near real-time images of Earth

UK-based space tech startup Open Cosmos has successfully launched a new AI-powered satellite that can provide near real-time views of Earth.  The satellite, HAMMER — short for Hyperspectral AI for Marine Monitoring and Emergency Response — was successfully blasted into orbit Monday aboard a SpaceX Falcon 9 rocket.  Its mission is to provide high-resolution imaging from across the Atlantic ocean to help authorities monitor the marine environment or respond to... Read more â€ș

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The Next Web
SiÎn Geschwindt @ The Next Web 3 place · 03/06/2024 04:00 EDT

Ammonia production is filthy. This ‘nitrolyzer’ could clean it up

Ammonia is perhaps best known as a household cleaner or the chemical that makes your pee smell. Few might realise, however, that half of the world’s food production relies on ammonia-based fertilisers produced in just a handful of countries.  This clear, foul-smelling chemical is largely made by superheating water, air, and natural gas under pressure — a process that emits vast quantities of carbon dioxide. Ammonia synthesis is by far... Read more â€ș

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The Next Web
Ioanna Lykiardopoulou @ The Next Web 3 place · 03/05/2024 10:28 EDT

Startup behind ‘central nervous system’ for hotels becomes latest Dutch unicorn

Amsterdam-based Mews, a cloud-based property management system (PMS) for the hospitality industry, has become the latest Dutch unicorn. In a fresh funding round, the startup — which is also a TNW community member — achieved unicorn status after raising $110mn (€101mn) at a valuation of $1.2bn (€1.1bn). Mews was founded in 2012 by Richard Valtr, an ex-hotelier on a mission to accelerate the digital transformation of the hospitality space. “Digital... Read more â€ș

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The Next Web
The Conversation @ The Next Web · 03/05/2024 09:36 EDT

Autonomous auto racing promises safer driverless cars on the road

The excitement of auto racing comes from split-second decisions and daring passes by fearless drivers. Imagine that scene, but without the driver — the car alone, guided by the invisible hand of artificial intelligence. Can the rush of racing unfold without a driver steering the course? It turns out that it can. Enter autonomous racing, a field that’s not just about high-speed competition but also pushing the boundaries of what... Read more â€ș

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The Next Web
Ioanna Lykiardopoulou @ The Next Web 2 place · 03/05/2024 04:00 EDT

How femtech is closing the gender gap in health data

Historically, women’s health has taken a back seat to men’s — leaving a persistent gender gap in data, research, and clinical trials. A wave of femtech innovators may finally bring balance. Among them is Elina Berglund Scherwitzl, co-founder and CEO of Natural Cycles, the world’s leading birth-control app. “We need more companies focusing solely on women’s health and women’s issues because that’s what is going to make up for the... Read more â€ș

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The Next Web
SiÎn Geschwindt @ The Next Web 2 place · 03/05/2024 02:00 EDT

This startup’s silicon anodes could change the battery game

Lithium-ion batteries have transformed everything from consumer electronics to electric vehicles and energy storage. But to power the next wave of tech — from planes to smartphones — they need to get denser. One option is to replace the graphite anodes within them with silicon ones. Silicon anodes can store 10 times the amount of lithium ions that graphite can and they take up a lot less space. That means... Read more â€ș

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The Next Web
Thomas Macaulay @ The Next Web · 03/04/2024 11:15 EDT

Fresh call to ban ransomware payments divides cybersecurity experts

A former British security chief has reignited the perennial ransomware question: to pay or not to pay? Ciaran Martin, who was the first-ever CEO of the UK’s National Cyber Security Centre (NCSC), answered emphatically in the negative. Yet Martin doesn’t only advise victims to hold onto their cash. He also wants to ban them from handing over the ransom. Writing in today’s London Times, Martin called the intervention an “urgent... Read more â€ș

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The Next Web
Thomas Macaulay @ The Next Web · 03/04/2024 08:05 EDT

EU hits Apple with first-ever fine: €1.8B for stifling music streaming

The EU has fined Apple €1.8bn for stifling music streaming rivals — the first penalty that the bloc has imposed on the tech giant. Antitrust regulators intervened following a complaint made by Spotify back in 2019. The Swedish streaming giant argued that Apple’s App Store rules harmed consumer choice and broke competition law. After a lengthy investigation, the EU took Spotify’s side. Brussels announced on Monday that Apple had unfairly... Read more â€ș

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The Next Web
The Conversation @ The Next Web · 03/04/2024 06:53 EDT

Does AI have a place on ethics committees? How to use it the right way

The role of an ethics committee is to give advice on what should be done in often contentious situations. They are used in medicine, research, business, law and a variety of other areas. The word “ethics” relates to the moral principles governing human behaviour. The task for ethics committees can be quite tricky given the wide range of moral, political, philosophical, cultural and religious views. Even so, good ethical arguments... Read more â€ș

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The Next Web
SiÎn Geschwindt @ The Next Web · 03/04/2024 05:59 EDT

New ocean thermal energy device under construction in Canary Islands

Seven European organisations have teamed up to build a prototype ocean energy device that could power tropical islands with virtually limitless, consistent, renewable energy.    The technology is called Ocean Thermal Energy Conversion (OTEC). It generates electricity by harnessing the temperature difference between sun-warmed surface water and the cold depths of the ocean. OTEC systems transfer heat from warm surface waters to evaporate a low-boiling point fluid like ammonia, creating steam... Read more â€ș

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The Next Web
Thomas Macaulay @ The Next Web 1 place · 03/01/2024 10:52 EDT

Opinion: For politicians, AI will bring salvation or damnation — but nothing in between

Is AI a panacea or a Pandora’s box? It’s a question that divides the British government. Ask the deputy prime minister, Oliver Dowden, and he’ll fill your ears with promises about a glorious future. AI is a “game-changer” that can “revolutionise public services,” Dowden gushed yesterday. Healthcare, education, and crime prevention are all prime targets for the technological transformation — and that’s just the start. “I could go on nearly... Read more â€ș

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The Next Web
Ioanna Lykiardopoulou @ The Next Web 1 place · 03/01/2024 06:43 EDT

Doctors have started prescribing a new medical treatment: A walking app

Walking is the simplest form of exercise, but it has enormous benefits. As our lifestyles become ever more sedentary, doctors are increasingly prescribing walks to address medical conditions and our general wellbeing. But how can patients stay motivated to keep it up? And how can doctors keep track of their progress? That’s where Lithuanian startup Walk15 comes in. Founded in 2019, Walk15 is on a mission to engage people in... Read more â€ș

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The Next Web
Andrea Hak @ The Next Web 2 place · 03/01/2024 04:05 EDT

How can startups raise funds in this shitty economical climate? 3 investors share their insider tips

When it comes to raising startup capital, 2023 was rough, to say the least. In fact, Pitchbook characterised it as Europe’s “most depressed” year in a decade in terms of VC exit value. The question is, will 2024 be a turning point? And if not, how can startups become part of that small percentage that does complete a successful funding round? If you’re a startup attending TNW Conference 2024, you’re... Read more â€ș

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The Next Web
Thomas Macaulay @ The Next Web · 02/29/2024 12:54 EDT

‘World’s most efficient large aircraft’ seeks approval for ‘flying bum’

A blimp billed as the “world’s most efficient large aircraft” — but better known as the “The Flying Bum” — is applying for approval to take off. Officially named the Airlander 10, the voluptuous vehicle resembles the legendary Zeppelin. Like its fabled ancestor, the Airlander is greener than the commercial planes currently spraying CO2 across the sky. Much greener, in fact. Powered by a combination of electricity and helium, the... Read more â€ș

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The Next Web
Thomas Macaulay @ The Next Web 3 place · 02/29/2024 09:33 EDT

TNW and Startup Valencia are back together — and on a date to VDS

TNW is taking our relationship with one of Europe’s top innovation hubs to the next level. We’re teaming up with Startup Valencia to accelerate the international expansion of tech extravaganza VDS — which soon reopens its doors to the future. On October 23 and 24, the seventh edition of VDS returns to Valencia’s breathtaking City of Arts and Sciences. During two jam-packed days, the sunny city will become a global... Read more â€ș

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The Next Web
SiÎn Geschwindt @ The Next Web 2 place · 02/29/2024 06:15 EDT

Watch: World’s fastest camera drone races F1 champ Max Verstappen

Dutch Drone Gods and Red Bull have unveiled what they claim to be the world’s fastest camera drone.   Capable of top speeds in excess of 350kph, the manually piloted first-person view (FPV) drone “could change how people watch Formula 1.” At least that’s what reigning F1 champion Max Verstappen said after the UAV successfully chased him on a full lap around the UK’s famous Silverstone circuit. All that while shooting... Read more â€ș

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