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Silicon Canals
Remco Janssen @ Silicon Canals · 06/17/2024 04:00 EDT

Welcome to Silicon Canals 3.0: a fresh look to celebrate our 10th anniversary

Ten years ago, I regularly cycled along the beautiful Amsterdam canals, visiting various exciting startups. During one of those rides, inspired by the sun reflecting on the canals and the founders’ passion, I came up with the name we have been proudly using ever since: ‘Silicon Canals.’ Looking back at 2014, I realised there was ... Read more Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals 1 place · 06/14/2024 08:18 EDT

Eindhoven City Council approves expansion plan of Brainport Industries Campus Cluster 2; also green lights possible expansion of ASML on BIC

The Eindhoven City Council, announced on Tuesday, June 11, that it has officially adopted the zoning plan for the second cluster of Brainport Industries Campus (BIC) in Eindhoven.  This decision marks the start of the further expansion of this innovative campus, which plays a key role in the development of the high-quality manufacturing industry in […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 1 place · 06/14/2024 06:58 EDT

AWS commits €215.2M to turbocharge GenAI startups globally: Know more

Amazon Web Services (AWS), an Amazon.com, Inc. company, has announced a $230M (nearly €215.23M) commitment to support startups globally in developing generative AI applications.  The firm will support early-stage startups by offering AWS credits, mentorship, and education to further their use of artificial intelligence (AI) and machine learning (ML) technologies. How will the funds be […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals 1 place · 06/14/2024 06:04 EDT

Swiss-based NEAR Foundation announced Nuffle Labs with €12.1M backing: Know more

Swiss-based NEAR Foundation, a non-profit that supports the governance and development of the NEAR protocol, on Thursday, announced the launch of an independent entity — Nuffle Labs, with $13M (approximately €12.1M) funding. The funding for this project came from a strategic grant from the NEAR Foundation ($7M) and an investment led by Electric Capital. Additional […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 06/14/2024 04:09 EDT

Meet the 10 promising startups selected for Glovo Startup Lab

Barcelona-based Glovo, an on-demand platform, in partnership with the Ukrainian Startup Foundation (USF) is all set to organise the annual PowerUp technology conference. Scheduled for June 18 in Kyiv, the PowerUp tech conference is dedicated to boosting Ukraine’s economic recovery and aims to attract foreign investment in Ukrainian technology companies and startups. The event comes […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 06/14/2024 03:34 EDT

London’s Highview Power lands €356.5M to build the UK’s first commercial-scale energy storage plant

London-based Highview Power, a developer of large-scale energy storage solutions for utility and distributed power systems, has secured £300M (nearly €356.50M) from the UK Infrastructure Bank (UKIB) and British multinational energy and services company Centrica. The round also saw participation from additional investors, including Rio Tinto, Goldman Sachs, KIRKBI and Mosaic Capital. Highview Power has […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 06/14/2024 03:30 EDT

Delft-based DuckDuckGoose ends bootstrapping streak; raises €1.3M to combat deep fakes

Delft-based DuckDuckGoose, a startup that has developed AI detection software to prevent deepfake threats, announced on Thursday, June 14, that it has secured €1.3M in a pre-seed round of funding after bootstrapping since inception. The funding round was backed by Shaping Impact Group, Ctrl+Alt+Invest, Aruma Ventures, Graduate Entrepreneur Fund, and Sander Kuijk. “This achievement brings […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 06/13/2024 09:06 EDT

Amsterdam’s Finst launches new crypto-as-a-service solution: All you need to know

Amsterdam-based Finst, a cryptocurrency exchange, announced on Thursday the launch of its crypto-as-a-service solution. This enables corporates and institutions to access a comprehensive range of tailored crypto services via a single integration. By using Finst, market participants can now trade over 110 digital assets in EUR with guaranteed best execution and ultra-low trading fees of […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 06/13/2024 07:20 EDT

UK’s fabless semiconductor company Sondrel secures €6.6M: Know more

Reading-based Sondrel, a fabless semiconductor company, announced on Thursday that it has secured £5.6M (approximately €6.6M) from ROX Equity Partners Limited, through a subscription for new shares. The company says that due to Sondrel’s strategic importance in the UK’s semiconductor industry, the Secretary of State’s approval was required. David Mitchard, Sondrel’s interim CEO, says, “We […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 06/13/2024 06:35 EDT

Sweden’s RemotiveLabs raises €900K to empower automotive developers with virtual environment capabilities

Malmö-based RemotiveLabs, a company empowering automotive engineers by providing a lightweight and flexible development platform, has closed €900K in its second investment round. The funds will help the company to accelerate its transformative approach towards Software Defined Vehicles, benefiting automotive software developers. Per Sigurdson, RemotiveLabs’ CEO and co-founder, says, “We’ve set out to transform how […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 06/13/2024 06:14 EDT

Philips Innovation Award 2024: Delft-based SoundCell and AlphaPace crowned winners

The Philips Innovation Award is the largest student entrepreneurship competition in the Netherlands. On Tuesday, the 19th edition winners were announced at the Schiecentrale Rotterdam. Innovator League Winner: SoundCell CEO: Irek Roslon Based in Delft, SoundCell has developed fast and reliable antibiotic susceptibility tests using nano motion technology. This technology allows doctors to detect the […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 06/13/2024 05:29 EDT

Dutch startup UPyTher raises seed funding to advance peritoneal cancer treatment

Eindhoven-based UPyTher, a spin-off company of the Eindhoven University of Technology, announced, on 10 June, that it has secured fresh seed funding. The amount, however, remains undisclosed. UPyTher is developing new treatments for peritoneal cancer to improve outcomes for patients with colorectal, ovarian, and gastric cancers, where peritoneal cancer is a significant challenge leading to […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 1 place · 06/13/2024 04:00 EDT

Dublin’s AccountsIQ raises €60M to boost AI integration in cloud accounting platform: Know more

Dublin-based AccountsIQ, a cloud-based accounting platform, has secured €60M in a Series C round of funding led by Axiom Equity, a B2B SaaS growth equity fund. The funding aims to develop AccountsIQ’s product further, enhancing its capabilities to integrate Artificial intelligence (AI) advancements across its solution. Martin Wygas, Founding Partner of Axiom Equity, says, “We […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 06/13/2024 02:53 EDT

Copenhagen’ Light exits stealth mode with €12M Seed funding from Atomico, Cherry Ventures, Seedcamp, others

Copenhagen-based Light, a company developing a fully automated general ledger for multinational corporations, has emerged from stealth mode with a $13M (approximately €12M) seed funding to scale its global finance solution. Founded by Jonathan Sanders and Filip Kozjak, Light developed its AI-powered general ledger in close collaboration with former product leaders, chief architects and CXOs […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 06/12/2024 10:36 EDT

Copenhagen-based Uizard acquired by US and Amsterdam-based Miro: Know more

Amsterdam and San Francisco-based Miro, an online collaborative whiteboard platform designed for distributed team collaboration, announced on Wednesday that it has acquired Uizard, a Copenhagen-based AI-powered product design platform for product teams.  However, the company didn’t disclose the exact amount. Uizard will continue to be available with no changes to the day-to-day product experience. “We […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals 3 place · 06/12/2024 06:54 EDT

Dutch Web3 gaming startup D-Drops secures €500K from ROM Utrecht; launches treasure hunt game with prize pool of €100k 

Utrecht-based D-Drops, a WEB3 gaming startup, recently announced that it has secured €500K in pre-seed funding led by ROM Utrecht, becoming the first Dutch government-backed crypto startup. The funding will support the launch of its location-based treasure-hunting game, where players must set out on an adventure across their cities and discover real-world rewards. The gaming […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 06/12/2024 05:54 EDT

Dutch startup EasyToys’ CEO Eric Idema steps down: Meet his successor here 

Eric Idema, the CEO of EQOM Group and EasyToys, has announced his decision to step down from his position after 17 years of service. Based out of Groningen, the Netherlands, EasyToys is an online webshop offering a wide variety of lifestyle products aimed at adult consumers. Effective 1st July, he will be passing on his […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals 3 place · 06/12/2024 05:36 EDT

Dutch quantum tech startup Orange Quantum Systems raises funding from InnovationQuarter

Delft-based Orange Quantum Systems, a quantum technology company, secured fresh funding from InnovationQuarter, a firm that helps entrepreneurs in South Holland to develop and market technological innovations. Dutch-based InnovationQuarter joins previous investors Cottonwood Technology Fund and QDNL Participations. Erik van der Zant, Head of Investing at InnovationQuarter, says, “Orange Quantum Systems is a perfect example […] Read more ›

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Silicon Canals
Vignesh R. @ Silicon Canals · 06/12/2024 05:06 EDT

Germany’s Black Semiconductor secures €254.4M to develop the semiconductor value chain in Europe; here’s how 

Aachen, Germany-based Black Semiconductor, a deep tech company, announced on Wednesday that it has secured €254.4M in a Series A funding round. This marks one of the largest funding rounds ever for a chip manufacturing company in Europe. The company has secured €228.7M in public funding from the German Ministry of Economic Affairs and Climate […] Read more ›

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Silicon Canals
Vishal Singh @ Silicon Canals · 06/12/2024 04:07 EDT

Scotland’s FOR EV raises €11.8M, opens new charging hub at Loch Ryan Ferry Port

Edinburgh-based FOR EV, a private electric charge point operator, has secured £10M (approximately €11.86M) follow-on investment from the Scottish National Investment Bank.  This includes an initial £2M in 2021, followed by £10M the subsequent year, and now an additional £10M commitment. Founded in 2017 by Lindsay Wallace, FOR EV owns, installs, and runs easy-to-use electric […] Read more ›

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25.11.2024 10:52
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