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Silicon Canals
Vignesh R. @ Silicon Canals · 10/23/2023 07:08 EDT

Germany’s VisionAI secures €5M to challenge Amazon’s monopoly with AI-powered e-commerce solutions

Germany-based VisionAI, an AI  research lab, announced on Friday that it has secured €5M in funding and onboarded HV Capital as an additional venture capitalist.  As VisionAI continues to expand and evolve, it plans to use the recent funding to internationalise its business further.  Traditional SMBs often struggle to keep up with the technological advancements […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 10/23/2023 06:25 EDT

Germany’s ZenML raises €3.4M to empower data teams with effective MLOps solutions

Munich-based ZenML, an extensible, open-source Machine Learning Operations framework for creating portable, production-ready MLOps pipelines, announced that it has secured an additional $3.7M (approximately €3.49M) in funding, bringing its total Seed funding to $6.4M. The extension round was led by Berlin-based Point Nine with follow-on funding from ZenML’s existing investor London-based Crane Venture Partners. The […] Read more

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Silicon Canals
Editorial team @ Silicon Canals 3 place · 10/23/2023 04:30 EDT

Swedish clean energy company Aira secures €86M for green heating innovation

Swedish clean energy company Aira secures €86M in funding from climate-focused investors to advance clean heating technology and reduce CO2 emissions across Europe. Read more

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Silicon Canals
Editorial team @ Silicon Canals 2 place · 10/23/2023 04:26 EDT

Norwegian-Portuguese AI innovator Nortech AI bags €2.5M to push digitalisation in maritime industry

Tech innovator Nortech AI raises €2.5M to boost AI-powered digitalisation in shipping operations in the maritime industry. Read more

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 10/23/2023 03:46 EDT

Sweden’s Your.Rentals secures fresh funding; aims to reshape short-term rental industry

Following the recent crowdfunding on Seedrs, Your.Rentals has now secured a total of €2.7M in growth finance this year. Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 10/23/2023 03:15 EDT

Munich-based FarmInsect bags €8M from  Sandwater, others to offer sustainable alternative protein source for animal feed

Munich-based FarmInsect, an insect technology company,  announced on Monday that it has closed an oversubscribed Series A funding round at €8M.  Oslo’s Sandwater led the Series A round with participation from Bayern Kapital’s Growth Fund, the Minderoo Foundation’s Strategic Impact Fund, and the European Innovation Council Fund. Existing investors HTGF and UnternehmerTUM Funding for Innovators […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 10/23/2023 02:05 EDT

Berlin-based Lillian Care raises €2.4M to tackle rural Germany’s doctor shortage

Berlin-based Lillian Care, a healthcare technology company founded by experienced entrepreneurs in the German healthcare industry, announced that it has secured €2.4M in a pre-seed round of funding. The company also plans to raise an additional €2.4M at the seed stage, with total funding commitments of €5M.  The company says the funds will be utilised […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals 1 place · 10/20/2023 08:33 EDT

UK’s bike insurance company Bikmo secures €3.9M from Puma Private Equity, others: Know more

Chester, England-based Bikmo, a cycle and e-mobility insurance company, announced on Wednesday, October 18, that it has secured £3.4M (approximately €3.9M) Series A extension round led by Puma Private Equity.  The company says it will utilise the funds to expand its operation into additional European markets and offer support to international partners. The European Parliament, […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals 1 place · 10/20/2023 08:09 EDT

Almere-based Static Entertainment wins inaugural Startup Hero Journey Award

Almere, The Netherlands-based Static Entertainment wins the first Startup & Scale-up Hero Journey Award 2023. The award, presented by Alderman Maaike Veeningen, marks the culmination of an intensive programme involving eight startups from Almere. Throughout the programme, these startups were tasked with aligning their business models with one of the United Nations’ Sustainable Development Goals. […] Read more

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Silicon Canals
Editorial team @ Silicon Canals 1 place · 10/20/2023 07:56 EDT

Sweden-based Ankra raises €1.1M to develop its cloud infrastructure automation platform

Cloud infrastructure services Ankra raises €1.1M to develop its cloud platform for high-tier clients and expand business in the UK market. Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 10/20/2023 07:48 EDT

Denmark’s Creative Force bags €8.4M to help brands, retailers with e-commerce content production using generative AI

Holstebro, Denmark-based Creative Force, an end-to-end creative operations workflow platform, announced that it has raised $8.9M (approximately €8.4M) in a Series A round of funding, bringing the company’s total funding to $17.9M (approximately €16.9M).  The investment comes from the Export and Investment Fund of Denmark (EIFO) and Hearst Ventures, the global venture capital division of […] Read more

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Silicon Canals
Editorial team @ Silicon Canals · 10/20/2023 07:34 EDT

Amsterdam’s Arcola acquires majority stake in Straatweg Group, forecasts strong revenue growth in packaging market

Amsterdam's Arcola acquires majority stake in Dutch manufacturer Straatweg Group, poised to capitalise on global flexible packaging industry growth. Read more

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Silicon Canals
Vignesh R. @ Silicon Canals 2 place · 10/20/2023 06:06 EDT

Electronic Arts founder backs Reykjavík-based Quest Portal in €7.1M round: Here’s why

Reykjavík, Iceland-based Quest Portal, a startup that specialises in developing tabletop role-playing games (TTRPGs), announced on Thursday, October 19, that it has secured $7.6M (approximately €7.1M) in funding.  The investment comes from notable investors, including: The company says it will use the funds to further develop its platform and democratise the TTRPG space, making it […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 10/20/2023 04:58 EDT

Dutch vacancy app Swipe4Work secures €400K to help people find their ‘dream job’

The Netherlands-based Swipe4Work, a vacancy app that claims to help people find their “dream job,” announced that it has secured €400K in a fresh round of funding to accelerate the growth of its app. Swipe4Work will use the funds to improve its product, integrate AI applications, and expand its platform in all of the Netherlands. […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 10/20/2023 04:33 EDT

Delft-based fabless semiconductor company Qualinx secures  €9.6M for its digital RF technology 

Delft-based Qualinx, a fabless semiconductor company, announced on Thursday, October 19, that it has secured $10.2M (approximately €9.6M) in a Series A extension round of funding, bringing the company’s Series A total to $20M (approximately €18.9M). The investment comes from existing investors FORWARD.one, InnovationQuarter Capital and Waterman Ventures, and includes an Innovation Credit facility from […] Read more

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Silicon Canals
Vishal Singh @ Silicon Canals · 10/20/2023 02:45 EDT

Amsterdam’s Overstory raises €13.2M to reduce wildfire risk, power outages with AI

Amsterdam-based Overstory, a global vegetation intelligence platform, announced on Friday that it has secured $14M (approximately €13.24M) in a Series A round of funding.  The round was led by B Capital and joined by The Nature Conservancy, Convective Capital, Semapa Next, Bentley iTwin Ventures, Pale Blue Dot, CapitalT, Moxxie Ventures, and Overwater Ventures. Driving sustainability: […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals · 10/19/2023 09:16 EDT

UK government announces ‘Fairness Innovation Challenge’ to tackle bias in AI systems: Know more

The United Kingdom government announced on Monday, October 16, a Fairness Innovation Challenge to address bias and discrimination in artificial intelligence (AI) systems. The challenge invites UK-based companies to apply for government investment of up to £400,000 (EURO VALUE PLEASE) to fund innovative new solutions aimed at eradicating bias from AI technologies.  The competition aims […] Read more

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Silicon Canals
Guest Contributor @ Silicon Canals · 10/19/2023 08:22 EDT

How to avoid becoming obsolete in the workplace

FOMO aka the fear of missing out is being quickly replaced in the workplace by FOBO, the fear of becoming obsolete.  While it can easily be dismissed as yet another TikTok trend, research has shown FOBO is a growing concern among workers.  The release of ChatGPT last November amplified developments being made in computers’ ability […] Read more

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Silicon Canals
Vignesh R. @ Silicon Canals 2 place · 10/19/2023 08:14 EDT

European Venture deals thriving quarterly, annual decline anticipated: PitchBook’s Q3 2023 European Venture Report

Europe has experienced continuous growth in venture deal value for the third consecutive quarter. However, the total annual value for 2023 is expected to lag significantly behind the figures from previous years. PitchBook has released the Q3 2023 European Venture Report, showcasing a comprehensive analysis of the VC landscape in Europe during this period. The […] Read more

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