Military AI startup Helsing has raised a whopping €450mn at a reported valuation of €5bn. The German company said the war chest will fund security for NATO’s Eastern Flank. Founded in 2021, Helsing has rapidly grown into one of Europe’s defence tech leaders. It’s now also among the continent’s most valuable AI startups. This rapid rise has coincided with increasing alarm about Russia’s threat to Europe. Since the full-scale invasion... Read more ›
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UK-based startup Oxford Ionics today announced a significant achievement for its ion-trapped quantum processors, demonstrating over twice the performance of the previous world record — without using error correction. While not providing exact numbers, Oxford Ionics says it used “10x less” qubits than its competitors, and set the performance record for both single-qubit and two-qubit gate operations. Furthermore, its chips can be manufactured in existing semiconductor facilities. Quantum technologies have. Read more ›
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Whisper it, but startup funding is showing signs of a rebound. Venture capital investment in Europe has risen by 12% so far in 2024, according to Dealroom. By June, the financing for startups and scaleups had reached $29.3bn. If the current spending rate continues, this year will become third-most active ever for VC in the continent. The leading industry for investment is energy, which raised $5.6bn during the first half... Read more ›
2
PhotonDelta, a photonic chip accelerator in the Netherlands, has opened an office in Silicon Valley — marking a milestone moment for the Dutch semiconductor sector. The move is part of PhotonDelta’s goal to create a unified photonic chip industry that leverages the capabilities of both European and US-based companies. Founded in 2018, the organisation has built an integrated photonics ecosystem in the Netherlands, which boasts an end-to-end value chain, from... Read more ›
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US chipmaker AMD has agreed a $665mn (€614mn) deal to buy Finnish startup Silo AI, one of Europe’s leading artificial intelligence firms. AMD announced the all-cash transaction on Wednesday. The Californian company described the acquisition as “a significant step” towards delivering end-to-end AI solutions. It will also give AMD new tools to compete with Nvidia’s high-performance chips. Silo has been acclaimed for building large language models (LLMs) — particularly for... 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 episode, Andrii talks about fusion energy in Europe, ‘the war on floppy disks’, and more. The guest of the show is Daniel Keiper-Knorr, general partner at Speedinvest, with his vision on... Read more ›
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Amid increasing interest in Iceland’s tech ecosystem, Reykjavik-based Frumtak Ventures has closed a $87M fund aimed at local startups. This is the venture capital firm’s fourth fund, following a €57mn predecessor in 2021. While sector-agnostic, Frumtak Ventures has so far mostly invested in B2B SaaS startups at the seed or Series A stage. The new fund will focus on the intersection of AI, software, and deeptech. It will especially target... Read more ›
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Air taxis have been cleared for takeoff during the Paris Olympics — and President Macron has been offered a seat on the first flight. German startup Volocopter will deliver the flying taxis. A barge on the River Seine will provide a tiny airport for the vehicles. The French government confirmed the plans on Tuesday. In an official degree, public officials named the terminal the “Vertiport de Paris-Austerlitz.” The airport will... Read more ›
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Finally, Europe has regained independent access to space. The continent reestablished a sovereign launch capacity on Tuesday with the maiden flight of the Ariane 6 rocket. Built to take satellites into orbit, Ariane 6 lifted off from the European Spaceport in French Guiana at 16:00 local time (21:00 CEST). The rocket is now soaring into the cosmos with a payload of satellites and experiments. Once the cargo is dropped off,... Read more ›
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In a collab between big tech and telcos, Meta and Vodafone today announced the roll-out of network optimisation across 11 different markets in Europe to free up capacity and boost video quality. It is no secret that video content has exploded on the internet over the past couple of years. And it’s not just your ice-bathing guys or gals pushing the latest longevity schtick on YouTube, or Lady Gaga doing... Read more ›
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Belgian startup Textgrain is building the world’s first AI model that will be capable of detecting hate speech online in all 24 official EU languages. Founded in 2016, Textgrain is a spinoff from the University of Antwerp. The company develops AI-based data management and analysis tools for enterprises, with services ranging from text analytics to measuring online sentiment on social media platforms and websites. It also focuses on the analysis... Read more ›
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TNW Conference 2024 showed us plenty of pathways the future of tech may take. As I mull over this year’s event, there are several lessons that stand out for Europe’s tech community while it seeks to navigate current challenges and opportunities. Tech growth in Europe We live in unprecedented times, to use one of the holdover clichés from the COVID era. The world is tackling several crises simultaneously: an attempted... Read more ›
0
To protect critical underwater infrastructure from potential attacks or natural disasters, NATO is backing a project that aims to reroute internet from subsea cables to satellites in space. The Alliance will reportedly support the project with a grant of €400mn through its Science for Peace and Security Programme (SPS). While the initiative hasn’t been publicly announced yet, Eyup Kuntay Turmus — adviser and programme manager of the SPS — confirmed... Read more ›
2
German quantum computing startup planqc yesterday announced a Series A raise of €50mn. A mere 18 months after its founding, the startup has already scaled its digital atom-based technology to over 1,000 qubits — something that puts it on par with industry giant IBM. The company is a spinout from the Max Planck Institute, and its technology was built at the Institute’s Quantum Optics (MPQ) department. Planqc says it expects... Read more ›
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In Formula One, races are often won by slimmer margins than the naked eye can see. A tiny twist of a steering wheel, a twitchy step on a pedal, a fleeting lapse of concentration: any moment can determine success or failure. Frequently, these moments arrive when the car comes to a halt. When a driver hears the “box, box” call on their radio, they exit the main track for a... Read more ›
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When it comes to programming languages, it’s often the newest that garner the most attention. But according to Ted Kremenek, Apple director of languages and runtimes, programmers should be shaking off programming stalwart C++ in favour of Swift. “Swift’s safety, speed, and approachability, combined with built-in C and C++ interoperability, mean Swift is the best choice to succeed C++,” Kremenek said. 3 developer jobs hiring this week Software Developer F/M,... Read more ›
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Dutch venture capital fund manager LUMO Labs is launching a new €100mn fund for Europe’s impact-driven tech startups. Building on LUMO Lab’s existing investment strategy, the new Rise Fund will target startups that develop emerging technologies which align with the UN’s Sustainable Development Goals (SDGs). The technologies include AI, blockchain, IoT, VR, and AR. Their application needs to serve LUMO Labs’s focus areas of SDGs: Good Health and Wellbeing, Quality... Read more ›
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Europe is set to regain independent access to space tomorrow, July 9, when the long-awaited Ariane 6 rocket lifts off for the first time. The heavy-lift satellite launcher — commissioned by the European Space Agency (ESA) and made by ArianeGroup — was supposed to replace its predecessor, Ariane 5, right after its retirement a year ago. But a series of delays in developing Ariane 6, problems with the Vega-C small-lift... Read more ›
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ITER, set to be the world’s largest experimental fusion reactor, has been delayed yet again. The €25bn megaproject will only switch on in 2034, and start producing energy in 2039. That’s almost a decade later than originally planned. Thirty-five nations including the UK, US, China, and Russia launched ITER in 2006 to demonstrate the scientific and technological feasibility of fusion power. But startups may end up beating them to it.... Read more ›
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Amar Shar, the co-founder of British AI unicorn Wayve, has backed Oshen, a budding startup building miniature autonomous sailboats. The little robots could transform the way scientists monitor everything from ocean temperatures and waves to biodiversity. The Plymouth, UK-based startup was founded last year by Anahita Laverack and Ciaran Dowds, two young engineering graduates at Imperial College London. The startup is building small solar-powered “seaborn satellites” that sail around the... Read more ›
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26.04.2026 03:12
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