Tilburg-based Mr. Winston has raised €600,000 to further develop its hospitality POS system and expand into more markets. Founded in 2015, the startup provides a cloud-based POS solution that can work on all devices and operating systems such as iOS and Android. The POS also features additional modules, including reservations, QR ordering, and kitchen screens. “This flexibility towards the user is lacking in our competition,” Koen Lavrijssen, founder and CTO... Read more ›
0
The EU has granted €3.3mn to a consortium led by Swedish startup Epishine. The group’s mission is to boost the development of organic solar panels. In this case, organic refers to solar panels that are carbon-based. Instead of using silicon to conduct electricity, these solar panels utilise organic molecules. Organic solar cells are very lightweight, cheap, semi-transparent, printable, and flexible. They can also convert indoor light into electricity. That can... Read more ›
2
As I write this, two contrasting regulations on the development of artificial intelligence — namely generative AI — are making their way through the European and British parliaments. The British approach is very simple — looking to ensure AI companies fit into existing laws governing technology companies. In contrast, the EU approach, as White & Case analysis describes, is an entirely new piece of legislation, and is risk-based — looking... Read more ›
0
A British startup has devised a way to speed-up enhanced rock weathering using protein powder in a potential step forward for the budding carbon capture industry. Enhanced rock weathering (ERW) involves spreading silicate rock dust on fields to capture carbon. When it rains, the dust reacts with the CO2 in the droplets, permanently storing it in the rocks as carbonate (think chalk or baking soda). This relatively simple technology has... Read more ›
18
Friday is here and so is TNW’s weekly round-up of tech news from our glorious home country. This week saw advances in medtech, quantum breakthroughs, and calls to further boost the Dutch chip industry. Our highlights have you covered, but we’d also love to hear your thoughts on the local ecosystem. Drop us a line if you want to showcase your startup, share a digital tip, or just tell us... Read more ›
2
Estonian mobility startup Bolt has secured a €220mn credit facility as it plans to go public next year. This type of financing is a more flexible loan option, which allows a business to withdraw and repay funds as needed, on an ongoing basis. Kind of like a credit card for companies. The credit facility provides Bolt “with additional flexibility as we work towards being IPO-ready,” CEO and founder Markus Villig... Read more ›
24
Flemish venture capital firm Imec.xpand has raised €300mn to invest in deeptech startups. The VC is a spinoff from Leuven-based Imec, one of the world’s largest microelectronics research institutions. The new fund targets AI, semiconductors, nanotechnology, photonics, and quantum computing. It will also invest in startups working on new ways to diagnose and treat medical conditions. To date, Imec.xpand has invested in 23 companies that have so far raised a... Read more ›
4
Today’s NHS faces severe time constraints, with the risk of short consultations and concerns about the risk of misdiagnosis or delayed care. These challenges are compounded by limited resources and overstretched staff that results in protracted patient wait times and generic treatment strategies. Staff can operate with a surface level view of patient data, relying on basic medical histories and recent test results. This lack of comprehensive data interferes with... Read more ›
1
When the EU approved the European Green Deal in 2020, the bloc unveiled a plan to lead the clean energy transition. Yet it has since faced growing competition from both China — which has quickly and quietly buried Europe’s solar panel industry and is now taking aim at its EV market — and the US, which under the Biden administration took an about-face on sustainability with the introduction of the... Read more ›
93
Lithuanian climate investment firm HeavyFinance has added over 700,000 football pitches-worth of farmland in Ukraine to its soil carbon credit programme. Modern agriculture has taken its toll on soils. Centuries of plowing, cutting, and overgrazing has made land less fertile. This has also released billions of tonnes of CO2 into the atmosphere. HeavyFinance pays farmers to put some of this carbon back into the ground. Specifically, the company issues loans... Read more ›
35
In June, Kubernetes celebrates its tenth birthday. The system is now so widely used by hundreds of thousands of companies worldwide to scale their applications to meet demand it’s hard even to remember a time before it existed. But there was a time when other options were available, and I even remember using some of them. Despite this relative vintage, many large developers teams and companies are still yet to... Read more ›
2
Another Dutch tech firm has been caught in the simmering tensions between the West and China. Amid growing calls to curb Chinese access to chipmaking equipment from ASML, a Dutch minister has raised a separate alarm about the sale of Philips spinoff Anteryon. Although the digital-optics developer remains based in Eindhoven, the business was bought in 2019 by China’s Jingfang Optotelectronics. The Suzhou-based firm reportedly spent between €40mn and €50mn... Read more ›
0
Utrecht-based Vitestro has raised €20mn to bring its robotic blood drawing device to market. Founded in 2017, Vitestro aims to improve the blood draw experience for patients and address personnel shortages in healthcare — where the demand for skilled laboratory professionals is growing at a higher rate than any other occupation. The startup’s device relies on infrared to locate the vein and ultrasound to create an image of the blood... Read more ›
33
Blockchain is often criticised as a solution in search of a problem. But one group of people has already found immense value in the tech: money launderers. Their crimes cause painful headaches for financial institutions, crypto businesses, legitimate law enforcement agencies, and cryptocurrency regulators. All of them need to tackle illicit activity on blockchains. Enter Elliptic, a British firm that specialises in cryptocurrency forensics. The company uses blockchain analytics to... Read more ›
6
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, Linnea and Andrii talk about the availability of AI compute, Getir’s imminent departure from Europe, quite some cash for German game developers, and a few things in between. The guest of... Read more ›
30
Vinted, the popular online marketplace for second-hand fashion, has announced its first-ever annual profit. The milestone follows a strong 2023, reaching €596.3mn in revenue — a 61% increase compared to the previous year (€370.2mn). With an adjusted EBITDA at €76.6mn, Vinted turned a €20.4mn net loss in 2022 into a €17.8mn net profit in 2023. The startup attributes its profitability to significant growth, starting with increased penetration in existing markets... Read more ›
0
MindAffect, a Netherlands-based healthtech startup, has raised €1.1mn to bring its hearing diagnostics technology to market. A spinout from Radboud University, MindAffect has developed a patented brain computer interface (BCI) technology, which enables diagnosis of hearing impairments using brain signals. The startup aims to provide a more equitable testing solution that specifically caters for hard-to-test patients, such as children, the elderly, and people with disabilities. Current methods, such as pure- Read more ›
13
The European Space Agency (ESA) has secured a ride for its solar wind satellite. The Solar wind Magnetosphere Ionosphere Link Explorer — or Smile for short — will blast into space aboard a Vega-C rocket. The launch is scheduled for late 2025 from Europe’s spaceport in French Guiana. “We are delighted to be launching Smile on such a versatile launch vehicle,” said David Agnolon, project manager of Smile. “Vega-C has... Read more ›
0
Paris-based Klineo has raised €2mn for its AI platform that facilitates access to cancer clinical trials. Klineo’s platform connects doctors and patients directly with relevant clinical trials. It provides trial search, contact with medical centres, as well as real-time updates and notifications when a new clinical trial matches the patient’s criteria. The startup’s solution currently covers trials on skin cancer, breast cancer, and lymphoma. Klineo was founded in 2021 by... Read more ›
3
The Financial Times (full disclosure — the owners of The Next Web) have inked a deal with OpenAI. The American firm will use the British publisher’s content to train its generative AI models. The deal is the latest in a string of new partnerships between OpenAI and global news publishers like Axel Springer, Associated Press, and Le Monde. The company did not disclose the financial terms of any of the... Read more ›
13
Most popular sources
Business Insider
|
28% 0 |
Tech Wire Asia
|
15% 9 |
CNET
|
7% 4 |
Eurogamer.net
|
6% 2 |
Gizmodo
|
6% 1 |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
28.11.2024 01:40
Last update: 01:35 EDT.
News rating updated: 08:30.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.