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 special episode, we’re happy to present an interview with Anita Schjøll Abildgaard, co-founder and CEO at Iris.ai. The startup has been around for almost a decade and saw several significant pivots,... Read more ›
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Stockholm-based node.vc has closed a €71mn fund to back early-stage startups in the Nordics. “The Nordic tech ecosystem is thriving, especially in areas like AI, gaming, fintech, and climate tech,” John Elvesjö, managing partner at node.vc, told TNW. “We’re seeing experienced talent, particularly from companies like Klarna, Spotify, Voi, Kry, and Pleo, stepping up to become founders,” Elvesjö said. The devaluation of employee stock options and increasing layoffs have sparked... Read more ›
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From the outside, it looks like a clean, modern social housing block. You can tell it’s new — there are 84 shiny solar panels on the roof and the fresh paint has barely dried on the walls. But it’s how this 56-dwelling building in Barcelona, complete with ground floor nursery, was designed and built that really matters. “Our software is our superpower,” says Lucas Carné, co-founder of 011h, a construction... Read more ›
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In 2020, Google identified that more than 70% of its Chrome browser’s severe security bugs were in fact caused by memory safety issues. “That is,” the Chrome team said, “mistakes with pointers in the C or C++ languages which cause memory to be misinterpreted.” In 2022, the NSA weighed in on memory safety with Neal Ziring, its cybersecurity technical director saying that “Memory management issues have been exploited for decades... Read more ›
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Munich-based startup OroraTech has secured €25mn in funding to scale up its AI-powered wildfire detection system. Korys, the investment arm of the Colruyt’s — a Belgian noble family — led the funding round. The EU’s Circular Bioeconomy Fund (ECBF) also chipped in, alongside existing investor Bayern Kapital. OroraTech will use the fresh funding to fuel the next phase of its growth. The company looks to expand into global markets beyond... Read more ›
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The European Space Agency (ESA) has signed a €119mn contract with Italian scaleup D-Orbit for its first in-orbit servicing mission, RISE. Scheduled for launch in 2028, RISE will attempt to rendezvous with, maneuver, and detach from an ESA satellite in geostationary orbit. Then it will embark on an 8-year mission, visiting several other satellites and giving them a new lease on life. RISE, which is about the size of a... Read more ›
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In what could be a big win for the EU’s chip industry, Taiwan’s National Science and Technology Council Minister, Wu Cheng-wen, says TSMC is planning to further expand operations in the bloc. TSMC broke ground in August on a €10bn chip plant in Dresden, Germany — its first in Europe. The German government will provide half of the funding with €5bn in state aid, under the EU’s Chips Act. The... Read more ›
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Poppy Gustafsson, the co-founder and former CEO of UK cybersecurity darling Darktrace, has been named Britain’s new minister of investment as the new Labour government looks to win favour with big business. Gustafsson will head up the revamped Office for Investment as part of a wider “Whitehall shake-up” designed to bring more money to British shores, the government said. The appointment no doubt comes as a relief for Prime Minister... Read more ›
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Amsterdam-based scaleup Lumicks has secured €20mn from the European Investment Bank (EIB) to accelerate the discovery of immunotherapy drugs for cancer. The venture debt funding will help Lumicks further develop and market its cell avidity analyser, a machine with the potential to transform the way researchers study and develop treatments for Europe’s second most deadly disease. Lumicks’ tech allows scientists to gather real-time data on the bonds between immune cells... Read more ›
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Debates about AI are everywhere these days. Families are chatting about its impacts on their lives. Politicians are deliberating over the laws that oversee it. Workers are talking about the risks of job automation. Entrepreneurs are chewing over the business opportunities. And the tech world is discussing what everyone else will be discussing next. Unfortunately, these conversations have also attracted countless scoundrels. They join the chat with wild promises and... Read more ›
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Deep tech startup Mybridge has emerged from the shadows with an €8mn investment to fuel its objective — to revolutionise the way we take photos. Founded by Håkon Espeland and Anders Tomren in 2020, Muybridge has spent the last four years developing real-time computer vision technology that uses software to replace most of the moving parts found in traditional cameras. “Muybridge is one of those rare companies that has managed... Read more ›
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British VC fund Founders Factory has launched the Mining Tech Accelerator in partnership with Rio Tinto, as the metals giant seeks to find better ways to cash-in on surging demand for lithium, copper, and other materials critical to the clean transition. In April, Rio Tinto committed 14.4mn Australian dollars (€8.8mn) to the accelerator, which will support pre-seed and seed-stage startups over the next three years. The partners unveiled the first... Read more ›
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Rising temperatures and unpredictable weather patterns have become a pressing concern within the UAE. In April, Dubai experienced its heaviest rainfall in 75 years over a 24-hour period, triggering floods and chaos. A team of researchers from the World Weather Attribution initiative reported that this event was driven partly by the climate crisis which was bringing on a 10%-40% intensity in rainfall levels. On July 20, temperatures also hit a... Read more ›
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Google DeepMind scientists Demis Hassabis and John Jumper today won this year’s Nobel Prize in Chemistry. The duo will share the prestigious prize — seen as the pinnacle of scientific achievement — with University of Washington professor David Bakker for his work on computational protein design. “This prize represents the promise of computational biology,” Jumper said during a press conference on Wednesday. Hassabis co-founded DeepMind in 2014. Jumper was appointed... Read more ›
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Danish startup Landfolk has launched a visual search engine for holiday homes. Named Daisy, the feature invites users to search for their dream destinations. They can enter endless prompts, from “a luxurious room overlooking the ocean” to “a cosy cabin in the mountains.” After ingesting a query, the feature spits back images linked to properties on the platform. Users can then click-through for further details on the home. Landfolk believes... Read more ›
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Dutch-Nordic carbon capture startup Paebbl has raised $25mn as it looks to turn the sector that uses the bulk of the world’s mined materials — the built environment — into a permanent sink for the world’s most potent greenhouse gas — CO2. Berlin-based VC Capnamic led the round, with participation from the likes of Amazon and German cement industry giants Holcim and Goldbeck. Paebbl will use the fresh funds to... Read more ›
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Private capital investment in Belgian startups has exceeded €470mn in the first half of 2024, compared to a total of €424mn in 2023. At the current rate of spending, the country’s tech ecosystem is heading for a record funding year. That’s according to the State of Belgian Tech Report, published today. It combines data from Dealroom, a survey of over 130 startup founders, and interviews with Belgian entrepreneurs and investors.... 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 special episode, we’re featuring a conversation between the TNW Podcast co-host Andrii Degeler and our old friend, former colleague, and current freelance contributor, Callum Booth, about the future of publishing —... Read more ›
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OpenAI is opening new offices in Paris and Brussels as the ChatGPT maker accelerates its global expansion plans. The new sites increase the company’s European presence to four offices. They join London, which began OpenAI’s international expansion in 2023, and Dublin, which became the firm’s first EU base a few months later. Alongside the European hubs, OpenAI is also launching new offices in New York City, Seattle, Paris, Brussels, and... Read more ›
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The European Investment Bank (EIB) is considering new measures to help close the funding gap for European startups and prevent them from relocating across the Atlantic. During a meeting with EU finance ministers yesterday in Luxembourg, the EIB proposed its “Action Plan” that aims to boost Europe’s capital markets, investments, and competitiveness. A key pillar of the plan is to increase support for the EU’s venture capital and private equity... Read more ›
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27.11.2024 05:38
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