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 ›
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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, 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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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Under the UK’s new cybersecurity law, consumer smart devices can no longer allow the use of weak, easy-to-guess passwords, such as “admin” or “12345.” This is part of a set of minimum-security standards the UK is requiring to protect consumers from hacking and cyberattacks. The law covers every smart device that comes with internet or network connectivity, ranging from TVs and phones to game consoles, connected fridges, and smart doorbells.... Read more ›
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Polestar has successfully charged its upcoming EV model in just 10 minutes. The Swedish car maker achieved the feat using a “silicon-dominant” battery built by Israeli startup StoreDot. Polestar installed the battery in a fully drivable prototype of its Polestar 5 model, set to go on sale next year. It managed to charge the EV from 10% to 80% under the 10-minute time cap. StoreDot’s batteries use silicon anodes instead... Read more ›
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Our understanding of the challenges women face in the startup ecosystem is limited. Past research has focused on overt negative sexist attitudes that question women’s competence and suitability for entrepreneurship. This view overlooks the existence of more subtle, yet pervasive and socially acceptable, sexist attitudes that often go unnoticed. Given the sheer number of people interested or working in startups today, from investors to suppliers to job applicants, the effects... Read more ›
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Hallo, Netherlands! Welcome to TNW’s first weekly round-up of tech news from our glorious home country. As we count down to TNW conference in Amsterdam on June 20 and 21, we’re ramping up our coverage of the Dutch IT sector. 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 ›
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In 2022, over 20,000 Lithuanians returned to their country of birth from abroad. A high quality of life coupled with a booming entrepreneurial ecosystem and a collaborative mentality has contributed to what investors are calling a “reverse brain drain.” Many of their minds reemerge in the country’s startup scene. It was on a visit to Lisbon that I first heard someone refer to Lithuania as “a hidden gem” of Europe’s... Read more ›
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DeepL, which has been rivalling machine translation giants such as Google Translate and Microsoft Translator, has launched an AI writing assistant tailored for businesses. Dubbed DeepL Write Pro, the product acts as a creative assistant for use during the drafting process. It provides suggestions on word choice, phrasing, style, and tone, aiming to improve the text, while preserving the writer’s own voice. Currently available in English and German, the tool... Read more ›
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British cybersecurity flag bearer Darktrace is set to leave London’s stock market after agreeing a £4.3bn sale to US private equity firm Thoma Bravo. Shareholders will have to approve the takeover before it’s rubber-stamped. The chair of Darktrace, Gordon Hurst, said the deal represents “an attractive premium and an opportunity for shareholders.” “The proposed acquisition will provide Darktrace access to a strong financial partner in Thoma Bravo, with deep software... Read more ›
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Time and again, leading scientists, technologists, and philosophers have made spectacularly terrible guesses about the direction of innovation. Even Einstein was not immune, claiming, “There is not the slightest indication that nuclear energy will ever be obtainable,” just ten years before Enrico Fermi completed construction of the first fission reactor in Chicago. Shortly thereafter, the consensus switched to fears of an imminent nuclear holocaust. Similarly, today’s experts warn that an... Read more ›
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Cyber attackers battered Poland after the country’s change of government late last year. DDoS attacks at the end of 2023 were nearly quadruple the country’s average, according to cybersecurity firm NetScout’s observations. The surge began when the Law and Justice party (PiS) lost its majority in last year’s Polish general election. PiS had ruled the country since 2015. It was replaced by a coalition government, which reaffirmed support for Ukraine’s... Read more ›
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Demand for industrial robots is rising in Europe, especially driven by the benefits of automation. However, there are ongoing challenges in ensuring seamless collaboration with humans while maintaining safety. To address this issue, a consortium of European universities, technology accelerators, and private research labs is launching the RoboSAPIENs project. The aim is to build the necessary safety mechanisms with a particular focus on adaptive industrial robots — a category of... Read more ›
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A British startup today unveiled new AI humans that blur the line between the virtual and the real. Synthesia calls the digital beings “Expressive Avatars.” They promise the most realistic emotional expressions on the market. Generated by an AI model that’s trained on footage of real actors, the avatars are built for video creation. Users simply enter a text prompt and the synthetic humans read them out on a screen.... Read more ›
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Dutch car-sharing platform SnappCar, which claims to be the largest of its kind in the Netherlands, has been fully acquired by AutoBinck Group — a shareholder in the scaleup since its founding in 2011. The ownership change also sees the return of SnappCar’s founder, Victor van Tol, in the role of the CEO. Van Told told local newspaper mt/sprout that the acquisition will enable faster decisions and eliminate the need... Read more ›
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A startup promising “universal AI compute” has joined France’s thriving artificial intelligence sector. Paris-based FlexAI emerged from stealth today with a €28.5mn war chest and an ambitious plan to “unlock the future of machine intelligence.” To pick that lock, FlexAI is rearchitecting compute infrastructure. The plan’s centrepiece is an on-demand cloud service. Set to launch later this year, the product will enable developers to build and train AI applications with... Read more ›
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30.04.2026 07:17
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