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The Next Web
Siôn Geschwindt @ The Next Web 2 place · 12/12/2024 06:22 EDT

Scientifica raises €200M to fund and provide lab space for deep tech startups

Rome-based venture capital firm Scientifica has launched a €200mn fund to support startups in quantum computing, artificial intelligence, and other frontier technologies. The fund, set to launch early next year, will provide early-stage companies with both financial backing and access to advanced lab spaces. Scientifica’s fund is based on a “Zero CapEx” model. Startups can use Scientifica’s 4,000 m² of laboratories and a network of 70 certified labs in Italy... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 3 place · 12/12/2024 04:50 EDT

Upvest — which powers stock trading on Revolut, N26, Bunq — secures €100M

If you live in Europe and you use a neobank, you’ve likely been interacting with Upvest’s investment products without even knowing it. The Berlin-based startup runs a stock-trading API that integrates into some of the biggest fintechs in Europe — Revolut, N26, Bunq, Plum, Raisin, Shares and Vivid. Through these banks, some 50 million users have access use the company’s investment products, it said. Amid a broader neobank boom, Upvest... Read more

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The Next Web
Andrea Hak @ The Next Web 2 place · 12/12/2024 02:07 EDT

What we learned after taking part in a 100-day innovation sprint

On a warm day in October, three corporates and two startups gathered together in the TNW offices for the conclusion of the one-hundred-day Vodafone IoT Challenge. Innovation is something all businesses want, but few actually have time for. We read about the advanced new tools and technologies collecting richer insights and making things faster and easier than ever before. But, when it comes down to it, day-to-day tasks always end... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 3 place · 12/11/2024 17:25 EDT

Dutch startup’s new battery material could wean Europe off Chinese graphite

Amsterdam-based startup CarbonX has secured €4mn to industrialise a new anode material that could help Europe reduce its reliance on China for graphite, a substance which makes up half the weight of a typical lithium-ion battery.  Netherlands-based VC Energy Transition Fund Rotterdam led the round. It’s an extension on CarbonX’s €10mn capital injection announced in February, capping off the funding round at a cosy €14mn.   Graphite is the go-to material... Read more

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The Next Web
Linnea Ahlgren @ The Next Web 1 place · 12/11/2024 04:12 EDT

Where do startups come from? Ideas and entrepreneurs, of course

At TNW, we are all about supporting and elevating startups and entrepreneurs who are doing epic stuff with tech. When Red Bull reached out to talk about their innovation competition, my first thought was what on Earth do we have in common with an energy drink company that has people jumping off cliffs and surfing really large waves? Apart from fuelling — in different ways — founders and developers across... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 2 place · 12/10/2024 19:53 EDT

UK police trial high-tech wristbands to keep dementia patients safe

A police force in the UK is using Bluetooth tracking wristbands for people with dementia in a high-tech bid to keep them safe.   Starting this month, Avon and Somerset Police will start giving out Bluetooth wristbands for free to families. It’s part of a broader initiative to protect dementia patients, who often suffer from extreme memory loss and confusion as a result of the incurable condition. The wristbands are fitted... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 1 place · 12/10/2024 17:51 EDT

Propelling satellites with electricity and salt? No problem for this Parisian startup

In 2018, Elon Musk put a Tesla in space. Like many of the billionaire’s antics, it was a publicity stunt. However, it pointed to an undeniable truth: the future of space travel is electric.   Most spacecraft today — like cars and trucks back on Earth — burn chemicals to get around. But space agencies like NASA, ESA, and France’s CNES have been experimenting with electric thrusters for decades, in a... Read more

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The Next Web
Kirstie McDermott @ The Next Web 1 place · 12/10/2024 03:26 EDT

Time for a move? These are the top cities in Europe for developers right now

December is a good time to think about your next career move. Your colleagues may be on a go-slow when it comes to getting projects over the line ahead of the Christmas holiday period, but for those with an eye on 2025’s job-hunting prize, this month can be a really fruitful time to look for a new opportunity. Bonnie Dilber, who is a recruiting leader at Zapier and an HR... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 1 place · 12/10/2024 02:00 EDT

This veteran-run startup has invented ‘game-changing’ way to recycle Kevlar

UK and Luxembourg-based startup Uplift360 has landed €1mn in pre-seed funding to scale up a greener method for recycling advanced materials like Kevlar. Uplift360’s patent-pending process breaks down Kevlar and other composites without compromising the integrity of the fibres and resins. These raw materials can then be reused to make new products. It does this using safe chemicals and at room temperature — making it greener and more energy-efficient than... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 1 place · 12/06/2024 16:30 EDT

Tokamak Energy gets US, UK backing for $52M fusion reactor upgrade

Just two weeks since raising $125mn in funding, British scaleup Tokamak Energy has secured backing from the US and UK to upgrade its ST40 fusion energy plant. The US Department of Energy (DOE), the UK’s Department of Energy Security and Net Zero (DESNZ), and Tokamak Energy will jointly sponsor a $52mn upgrade to the fusion facility in Oxfordshire.  “Fusion has the potential to be a clean and sustainable energy source,... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 1 place · 12/05/2024 18:19 EDT

Aachen spinout FibreCoat secures €20mn to bring super-fibres to spacecraft

German startup FibreCoat has bagged €20mn in Series B funding as it looks to bring its super-resistant materials to the burgeoning space industry.  FibreCoat spunout from RWTH Aachen University in 2020. The startup has developed a patented process for coating fibres with metals and plastics during the spinning stage. This creates fibres that are lightweight and conductive, yet strong and durable — at a fraction of conventional costs. These can... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 2 place · 12/05/2024 08:53 EDT

Google Deepmind’s new weather forecaster blows away the competition

Google Deepmind researchers have built an AI weather forecasting tool that makes faster and more accurate predictions than the best system available today. Dubbed GenCast, the new model outperformed the ENS forecast, widely regarded as the world leader, 97% of the time for predictions up to 15 days in advance. It was tested on over 1,320 weather scenarios, including tropical cyclones and heatwaves. “Outperforming ENS marks something of an inflection... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 1 place · 12/04/2024 16:07 EDT

Dr. Rob’s new AI model promises to cut aircraft design time from months to days

UK startup PhysicsX, founded by former Formula 1 engineering whizz Robin “Dr. Rob” Tuluie, has unveiled an AI tool that could fast-track the time it takes to design a new aircraft from months to just a few days.  Dubbed LGM-Aero, the software creates new designs for aeroplanes. Using advanced algorithms trained on more than 25 million geometries, the model predicts lift, drag, stability, structural stress and other attributes for each... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 2 place · 12/04/2024 06:37 EDT

Microsoft faces £1B cloud licensing lawsuit in the UK

Microsoft’s cloud ambitions just hit a major snag in the UK. The tech giant is facing a £1bn ($1.27 billion) lawsuit over how it licenses software to customers using rival cloud platforms. Filed in the UK’s Competition Appeal Tribunal by Scott+Scott, the lawsuit accuses Microsoft of punishing businesses for choosing competitors like Google Cloud, Amazon Web Services (AWS), and Alibaba over its Azure platform. Here’s the gist: if you’re using... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 1 place · 12/04/2024 05:38 EDT

Smartphones in Spain should carry health warning, says government panel

A Spanish government-appointed committee of experts has recommended that smartphones sold in the country carry health warning labels. The advice comes amid mounting concern about the effects of smartphone use, particularly among young people.   The experts published their findings in a 250-page report, seen by newspaper El País. The document details ways the government could crack down on what the panel calls a “public health epidemic”.   Proposals include banning digital... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 2 place · 12/03/2024 18:18 EDT

Spanish startup edges closer to Europe’s first private orbital rocket launch

PLD Space has secured an €11mn loan to help fund the development of a liftoff site for its partially reusable Miura 5 rocket, which is set to become Europe’s first privately developed satellite launcher — unless one of its competitors gets there first.  The loan will help the Spanish startup construct the launch facility, located at Europe’s primary spaceport in French Guiana and estimated to cost around €16mn overall. PLD... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 1 place · 12/02/2024 09:44 EDT

Nvidia, Accel back Netherlands-based AI firm Nebius in $700M deal

Amsterdam-headquartered Nebius, which builds full-stack AI infrastructure for tech firms, has secured $700mn in a private equity deal led by Nvidia, Accel, and asset manager Orbis.  The funding comes in the form of a private placement — when a company sells stocks directly to a private investor instead of on the public market. The deal will see Nebius issue 33.3 million Class A shares at $21 apiece.   Nebius, which is... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 1 place · 11/27/2024 09:57 EDT

This startup’s microliner promises a cheaper route to electric flights

It’s been a tough year for air taxi startups. The UK’s Vertical Aerospace is running short of cash, while Germany’s Lillium faces bankruptcy. Targets for commercialisation keep getting extended. Investors are hesitant to commit. The reason for all the struggles is pretty simple. Building, certifying, and commercialising brand-new aircraft designs like electric vertical take-off and landing aircraft (eVTOLs) is complex, notoriously expensive, and depends on lengthy regulatory processes.  That’s partly... Read more

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The Next Web
Kirstie McDermott @ The Next Web 1 place · 11/27/2024 03:20 EDT

These will be the most in-demand skills for developers in 2025

The Dutch labour market is experiencing a persistent talent shortage, according to a new salary survey report. The research also flags that when it comes to hiring in 2025, artificial intelligence, automation, and machine learning are expected to be among the hottest functional areas companies are most likely to recruit talent for next year. In line with this, a recent study by Indeed found that over the past year, job... Read more

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The Next Web
Siôn Geschwindt @ The Next Web 2 place · 11/26/2024 16:29 EDT

Cambridge spinout Molyon bets on lithium-sulfur in race for better batteries

Lithium-ion batteries have served us well, powering much of the modern world. However, today’s tech — everything from drones and EVs to the wretched Tesla cyber truck — demands denser batteries that charge faster and take you further. This push is driving scientists to conjure up new battery chemistries or refine old ones. Naturally, it is also spawning a new generation of startups looking to scale the next, best battery.... Read more

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