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id | date | title | slug | Date | link | content | created_at | feed_id |
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42,555 | 25/04/2024 11:25 AM | APEX Capital nets second close of €50M for athlete-driven venture fund | apex-capital-nets-second-close-of-euro50m-for-athlete-driven-venture-fund | 25/04/2024 | Sports-focused investment firm APEX Capital announced the second close of its €50 million Elite Performance Venture Capital Fund today. The Elite Performance Fund is dedicated to transforming the sports, media, and entertainment sectors by investing in innovative companies from Pre-Seed to Series A stages. APEX first launched its athlete-driven VC Fund in September 2023 which included early investors Carlos Sainz, Lando Norris, Valtteri Bottas, Miguel Oliveira, Raphael Varane, Christian Eriksen, Jan Vertonghen, and others. APEX has closed 18 investments since its inception together with an athlete community of +100 athletes across multiple sports. The fund, known for its groundbreaking approach, has attracted a new group of star athletes. These include:
Among these investments are Hexis, a tailored nutrition platform for athletes; VRTL, providing immersive virtual reality sports experiences; and Traits Insights, specialising in scouting and data analysis to help sports teams select optimal athletes- According to investor Brazilian footballer Marcelo, ex-Real Madrid and currently playing at Brazilian Serie A’s Fluminense:
APEX Founder & CEO Antonio Cacorino shared:
Over the past six months, APEX has strategically acquired minority stakes in both emerging and premium sports properties. Two flagship deals include investments in the Alpine F1 Team, spearheaded by Anthony Joshua, Alexander-Trent, and other APEX athletes, and the San Francisco Franchise competing in TGL, Tiger Woods' new PGA-backed golf venture. APEX structured the deal and the involvement of Alex Albon, John Stones, and others to invest alongside co-owner Steph Curry in the golf franchise. Lead image: CEO, Antonio Cacorino and Founding Partner, Pedro Félix da Costa. Photo: uncredited. |
25/04/2024 11:34 AM | 1 | |
42,556 | 25/04/2024 11:23 AM | AI unicorn Synthesia launches most ’emotionally expressive’ avatars on the market | ai-unicorn-synthesia-launches-most-emotionally-expressive-avatars-on-the-market | 25/04/2024 | 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. The photorealistic renders are certainly impressive. But what makes them unique is their capacity to convey human feelings. Using a technique called “automatic sentiment prediction,” Synthesia’s AI models infer the… This story continues at The Next Web |
25/04/2024 11:34 AM | 3 | |
42,554 | 25/04/2024 11:00 AM | Ads for Explicit ‘AI Girlfriends’ Are Swarming Facebook and Instagram | ads-for-explicit-ai-girlfriends-are-swarming-facebook-and-instagram | 25/04/2024 | WIRED found thousands of ads running on Meta’s social platforms promoting sexually explicit “AI girlfriend" apps. Some human sex workers say the platform unfairly polices their own posts more harshly. | 25/04/2024 11:04 AM | 4 | |
42,553 | 25/04/2024 10:39 AM | roclub raises €4M for remotely operated diagnostics | roclub-raises-euro4m-for-remotely-operated-diagnostics | 25/04/2024 | roclub has raised €4M for software that allows diagnostic imaging to be operated remotely. Speedinvest led the round with participation from FJ Labs, Better Ventures and strategic angels. The funding follows a recently announced pre-seed funding of over €2.5 million. With the fresh capital, the medtech will expand its operations from DACH to the rest of Europe and the US, further develop its remote healthcare service marketplace and grow its international team. The medical sector is experiencing a significant shortage of healthcare personnel as our population ages rapidly; roclub’s proposal to solve this is teleoperation, wherein medical devices can be operated from anywhere in the world. Its ideal is to allow physicians to work more flexibly and ensure that examinations are no longer canceled due to a lack of medical-technical professionals. Its Advisory Board includes radiologists and radiographers from across the globe. Speedinvest partner Andrea Zitna commented: "André and Matthias are serial health entrepreneurs with deep experience in the medtech and specifically diagnostics imaging space. They intimately understand the pain-points in the industry and their roclub solution is a testament to that. Not only can it dramatically improve access for patients, it represents a clear and compelling business case for providers. We are excited to support them in their vision and respond to an amazing demand from providers globally." Jeff Weinstein, a partner at FJ Labs, said "As specialists in network effects-driven investments, we see immense potential in roclub’s vision of a marketplace for remote healthcare service. We love the concept of fusing a secure, compliant connectivity solution for medical devices of all kinds with a marketplace layer and are eager to contribute our expertise to this endeavour." |
25/04/2024 11:04 AM | 1 | |
42,552 | 25/04/2024 10:08 AM | Terra One raises $7.5M for decentralised battery storage | terra-one-raises-dollar75m-for-decentralised-battery-storage | 25/04/2024 | Berlin-based battery storage startup Terra One has raised $7.5M in seed funding in a round led by PT1, an early-stage VC for real asset technology. Co-founded by serial entrepreneur Tony Schumacher and Thomas Antonioli, the former CFO of sharing economy startup Grover, Terra One is aiming to help Europe achieve its climate goals and wean the continent off politically sensitive and non-renewable energy sources. While solar capacity is expanding and more wind turbines are being installed, the current electricity grid and storage capacities are inadequate, which prevents a full transition to renewable energy. In 2023, for example, Germany lost 19 terawatt hours of energy (enough to power six million households) because of inefficient grid management and congestion. Without action, the numbers will increase in the medium term as more renewables come online. Terra One aims to solve the challenge through its network of decentralised battery storage projects, which charge when the proportion of renewable energy sitting in the grid is typically at its highest (during the day or at night when people are not making their breakfast or dinner) and the prices for electricity are at their lowest. The units discharge at peak times when the grid would otherwise have to switch to conventional power generation to meet demand and prices are significantly higher. Its current largest approved battery projects can power a city of 100,000 people for up to six hours and it has built up a pipeline of 300 projects with more than 20 Gigawatt hours (GWh). For context, it takes 67,200 gallons of oil to produce just one Gwh of electricity. One Gigawatt of energy can power 100 million LED light bulbs and is equivalent to almost 2.5 million solar panels. Previous investors neosfer and 468 Capital also participated in the round. Co-founder Thomas Antonioli, commented on the raise: "We are very excited about this financing round, which will allow us to drive forward our vision of building Europe's leading battery optimiser and thus make an essential contribution to achieving climate targets. Specifically, we will use the financing to further build our team and develop our revolutionary battery optimisation software and our project pipeline." |
25/04/2024 10:35 AM | 1 | |
42,549 | 25/04/2024 09:42 AM | FlexAI comes out of stealth with $30M Seed raise for increased compute | flexai-comes-out-of-stealth-with-dollar30m-seed-raise-for-increased-compute | 25/04/2024 | AI compute company FlexAI came out of stealth yesterday with a $30M seed raise led by Alpha Intelligence Capital, Elaia Partners, and Heartcore Capital. FlexAI’s first product, which will launch later this year, is an on-demand cloud service that connects developers to virtual heterogeneous compute, enabling them to run their workloads on a variety of architectures to build and deploy AI models The Paris-based company aims to address the three biggest obstacles inhibiting AI innovation: a compute supply bottleneck, a global skills shortage, and complex, unreliable processes for building and deploying AI models. The company is building a layer of software intelligence, abstraction, and orchestration into the AI compute stack in order to enable developers to utilise multiple hardware configurations without arduous code changes. Founded and led by ex-Apple, Intel, NVIDIA, Tesla, Lifen, and Zoox alumni, FlexAI has collaborated with hardware leaders and cloud providers across the AI ecosystem, including AMD, Amazon Web Services, Google Cloud, Intel, and NVIDIA. "Compute is lagging, not leading, AI models' increasingly potent capabilities. To deliver on AI's potential, the industry has to solve the issue of compute costs and that of stack complexity -- both of which dramatically increase development costs and time to market. Brijesh and Dali, uniquely, have the hardware and software skill sets to architect and build the ecosystem for the AI compute orchestration layer," said Antoine Blondeau, Managing Partner at Alpha Intelligence Capital. “AI is advancing in more directions than our current compute ecosystem can support,” said Jim Keller, CEO of Tenstorrent and FlexAI board member. “FlexAI has created a novel technology that opens access to diverse compute, supports a wide range of workloads, and accelerates innovation across the industry.” |
25/04/2024 10:05 AM | 1 | |
42,550 | 25/04/2024 09:42 AM | Treefera raises $12M Series A for AI-driven environmental compliance solutions | treefera-raises-dollar12m-series-a-for-ai-driven-environmental-compliance-solutions | 25/04/2024 | Nature-based assert reporting company Treefera today announced a $12m Series A raise, led by AlbionVC. This raise comes just seven months after the company’s $2.2 million Pre-Seed. Treefera was co-founded by Jonathan Horn, theoretical physicist and former Managing Director at J.P. Morgan, and Caroline Grey, former Chief Customer Officer at UiPath. The Treefera platform delivers data solutions and insights to clients dealing with the increasingly complex regulatory challenges involved in environmental and supply chain compliance. It integrates satellite, drone, and ground truth data at a huge scale and overlays this with AI algorithms, providing its clients continuous monitoring, assurance, and risk evaluation. This includes delivering insights and assurances around the provenance of commodities, deforestation risk, carbon credits, carbon removal, and supply chain sustainability in real-time. For clients — such as project developers, biochar producers, registries, financial services operating in the carbon credit market, bioenergy and biofuel companies and supply chain businesses - the platform covers jurisdictions (countries and large regions) as well as 500+ registered forest projects and harvest sites, bringing together an unprecedented volume of environmental and forestry data. The platform then integrates with client analytics through an API. Jonathan Horn, CEO & Co-Founder of Treefera, comments;
Paul Lehair, Investment Director at AlbionVC, comments:
Treefera has forged partnerships with industry leaders, including Anew Climate, ACCIONA, and Maple Credits. With this funding, Treefera aims to enhance its platform capabilities and expand its team worldwide. Josh Strauss, President of Environmental Products at Anew Climate, comments: “As Anew Climate drives transformational change across the carbon market with our recent launch of the Epoch Evaluation Platform, Treefera helps us set a new standard for forest carbon project additionality and durability. Treefera’s machine learning and remote sensing tools, combined with Anew’s vast forest carbon data set, allow for previously unachievable levels of accuracy in assessing biomass change and harvesting activities across the North American forest landscape.” Laurel Perry, Co-Founder at Maple Credits, comments: “The advantages and support provided by the Treefera platform are integral to our success, and we would not be where we are without it. Its innovative features and tools have brought immense value to our business. By providing access to validated and trustworthy information on the platform, we can reduce costs and save time, which is a game-changer.” Lead image: Treefera Founders: CRO Caroline Grey and CEO Jonathan Horn. Photo: uncredited. |
25/04/2024 10:06 AM | 1 | |
42,551 | 25/04/2024 08:49 AM | Eoghan O’Neil, Senior Policy Officer at the European Commission, will speak at this year’s EU-Startups Summit! | eoghan-oneil-senior-policy-officer-at-the-european-commission-will-speak-at-this-years-eu-startups-summit | 25/04/2024 | We are pleased to announce that Eoghan O’Neill, Senior Policy Officer at the European Commission’s DG Connect, will be a speaker at this year’s EU-Startups Summit in Malta. On the afternoon of Friday, May 10 he will deliver a keynote on the EU Digital Markets Act and the opportunities it creates for startups. Eoghan has… This content is for members only. Visit the site and log in/register to read.
The post Eoghan O’Neil, Senior Policy Officer at the European Commission, will speak at this year’s EU-Startups Summit! appeared first on EU-Startups. |
25/04/2024 10:07 AM | 6 | |
42,547 | 25/04/2024 08:39 AM | British Patient Capital invests $50.8M in Evolution Technology Fund III | british-patient-capital-invests-dollar508m-in-evolution-technology-fund-iii | 25/04/2024 | British Patient Capital today announces a $50.8 million commitment to the third fund by Evolution Equity Partners, a specialist technology investor focused on cybersecurity and enterprise software companies. Evolution Equity Partners' investments to date have included Quantexa, a global data and analytics software company that achieved unicorn status in 2023, and Panaseer, an enterprise security platform. British Patient Capital’s investment follows a $35 million commitment to Evolution’s second fund in 2020. Robert Greenwood, Investment Director, Funds, British Patient Capital, said: “Cybersecurity started as a niche subsector of technology. With wide adoption and advancement of technology, we have seen it evolve over the last twenty years as attack surfaces have expanded to become a key application across all sectors as businesses aim to protect themselves, their customers, and their product. This investment demonstrates the UK’s role in leading cybersecurity innovation and demonstrating its expertise within this valuable technology.” Richard Seewald, Founder and Managing Partner, Evolution Equity Partners, said:
Lead image: Markus Spiske. |
25/04/2024 09:04 AM | 1 | |
42,548 | 25/04/2024 08:30 AM | 10 Swiss startups to watch in 2024 | 10-swiss-startups-to-watch-in-2024 | 25/04/2024 | Although Switzerland's startup ecosystem might not be the largest in Europe, it is widely recognized as one of the most innovative. Both government and private initiatives play a crucial role in supporting Switzerland's startup scene, offering various incentives such as tax benefits, funding opportunities, and accelerator programs. According to our Annual report, Swiss tech companies raised €2.8 billion in 2023, putting thus Switzerland on the 6th place among top 10 countries by the total raised amount. Here is the list of the Swiss companies that raised the biggest amounts last year.
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25/04/2024 09:04 AM | 1 | |
42,544 | 25/04/2024 08:06 AM | One Click LCA acquires Generative-AI maker Buildrz | one-click-lca-acquires-generative-ai-maker-buildrz | 25/04/2024 | Environmental lifecycle assessment company for construction and manufacturing One Click LCA today announced its acquisition of Buildrz, French maker of generative AI software for real estate opportunity analysis and feasibility studies. Together, the companies will extend their offering and bring integrated feasibility studies, cost analysis, and carbon analysis powered by a generative AI to their users. One Click LCA helps architects, developers, and other players in the construction value chain decarbonise their projects by providing powerful, global lifecycle assessment, environmental product declaration, and sustainability solutions. Founded in 2016 in Paris, Buildrz supports property developers, architects, and local authorities at every phase of their real estate development projects, starting from site sourcing and extending through the permitting process. Its SaaS-based real estate development platform enables property developers and architects to perform generative design to optimise buildable surfaces on any given plot while meeting the necessary urban planning requirements. The company evaluates land use change, net zero artificialisation, views and daylighting and economic value of the projects, enabling customers to identify and qualify sites that offer the best economic opportunities. It currently serves around 50 customers across France. “At Buildrz, our goal is to provide developers and architects the tools to build more effectively and responsibly amid growing regulations and requirements,” says Manuel Verrier, Founder and CEO of Buildrz.
One Click LCA will bring its users an integrated feasibility study and cost and carbon analysis powered by generative AI. The combination will allow users to identify low-carbon projects before design is started and ensure code compliance. “We’re very excited to join forces with Buildrz, and will be working together to bring out new tools that allow reducing cost and carbon emissions of projects starting from the pre-design stage, in France and globally,” says Panu Pasanen, Founder & CEO of One Click LCA.
The first joint solutions are targeted for the end of the year, and they will be made available to the customers through One Click LCA. Also, an integration of the existing tools is planned. With Buildrz, One Click LCA will serve customers in over 170 countries. One Click LCA is supported by two minority investors, PSG Equity and InfraVia. Financial terms were not disclosed. |
25/04/2024 08:34 AM | 1 | |
42,545 | 25/04/2024 07:30 AM | Berlin-based roclub secures €4 million to overcome shortage of medical technical workers in Europe and the US | berlin-based-roclub-secures-euro4-million-to-overcome-shortage-of-medical-technical-workers-in-europe-and-the-us | 25/04/2024 | roclub, a pioneer in teleoperations aiming to transform the global healthcare landscape, today announced the close of a €4 million seed funding round led by European and American early-stage investors Speedinvest and FJ Labs alongside Better Ventures and strategic angels. The funding follows a recently announced pre-seed funding of over €2.5 million. With the fresh… This content is for members only. Visit the site and log in/register to read.
The post Berlin-based roclub secures €4 million to overcome shortage of medical technical workers in Europe and the US appeared first on EU-Startups. |
25/04/2024 08:35 AM | 6 | |
42,542 | 25/04/2024 07:19 AM | Tquila launches its Paloma fund with $40m investment | tquila-launches-its-paloma-fund-with-dollar40m-investment | 25/04/2024 | Technology and investment company Tquila has raised $40M for its Paloma fund, which will enable it to launch the fund and initiate investments in startups across a range of verticals and geographies. The fund is two-thirds of the way to its target of $60M. Tquila is a corporate development and technology company founded by James McHugh in 2010, initially with an investment in a UK-based Salesforce consultancy, a joint venture with Salesforce, and producing cloud software that was acquired by Accenture in 2015. The investor backs companies from seed through to exit, either as stand-alone entities or with co-investment from consulting technology firms and software companies. Its current portfolio includes businesses focused on Data, AI, ServiceNow, Microsoft Dynamics, Google Cloud, Salesforce, UiPath, AWS and Snowflake. Carsten Jorgensen will Chair the Paloma Fund and said that “The Paloma Fund reaching a solid first close in under six months is testimony to the unique opportunity Tquila offers investors and clients to partner with the in-demand software companies, and to a committed and talented group of tech entrepreneurs.” James McHugh, founder and CEO of Tquila, former founder, CEO and Chairman of K2 Partnering Solutions said, “We are fortunate to have a world class team of entrepreneurs invested with, as advisors to, and as partners of — our inaugural fund. All of us at Tquila are delighted to be working with Carsten and the Paloma Fund team. The experience, focus and professionalism they’ve brought to the group has allowed us to accelerate our opportunity and with that, growth.” |
25/04/2024 07:34 AM | 1 | |
42,543 | 25/04/2024 07:17 AM | Spanish marketing SaaS Indigitall raise €6M Series A | spanish-marketing-saas-indigitall-raise-euro6m-series-a | 25/04/2024 | Indigitall, a B2B SaaS startup providing personalised marketing, has closed its oversubscribed €6M Series A funding round. Headquartered in Madrid, the company operates in over 20 countries including Spain, Mexico, Brazil, Colombia, Chile, Peru, and Ecuador and serves customers such as Bankinter, Banco de Crédito de Perú, Movistar, Televisa and Grupo Claro. Indigitall's software allows brands to personalise, segment and automate all digital communications for mobile apps, web browsing, Google and Apple Wallet and messaging apps like WhatsApp, Teams, Messenger, and Instagram. The Series A round of funding was led by Data Point Capital, alongside GoHub Ventures and Adara Ventures to accelerate growth in Latin America and Spain and launch services in the US market. "This new funding will enable us to expand our market-leading position with Spanish-speaking customers by investing further in Latin America and Spain and entering the US,” said CEO and co-founder Juan Carlos de la Vela. His co-founder Xavier Omella added: “It represents a major step forward for Indigitall, bringing us closer to our goal of becoming a global leader in the digital communications industry.” “Their exponential growth, the potential of their product, combined with the knowledge and vision of the founders, and their ability to attract foreign capital, are the factors that lead us to bet on Indigitall. "Throughout the process, the team has demonstrated a clear ambition to take the company to the next level, and at GoHub Ventures, we want to support them on that path,” points out Inés Calabuig, Managing Partner at GoHub Ventures. |
25/04/2024 07:34 AM | 1 | |
42,546 | 25/04/2024 07:01 AM | Berlin-based goodcarbon secures €5.25 million to bring new high-quality nature-based solutions to market | berlin-based-goodcarbon-secures-euro525-million-to-bring-new-high-quality-nature-based-solutions-to-market | 25/04/2024 | goodcarbon, a Berlin based startup specializing in high-quality carbon credits from “Nature-based Solutions” announced the successful closing of their €5.25 million funding round. Ocean 14 Capital fund led the round, with participation from Silverstrand Capital, high-profile angel investors and existing investors Planet A Ventures, 468 Capital and Greenfield Capital. The investment aims to expand the… This content is for members only. Visit the site and log in/register to read.
The post Berlin-based goodcarbon secures €5.25 million to bring new high-quality nature-based solutions to market appeared first on EU-Startups. |
25/04/2024 08:35 AM | 6 | |
42,539 | 25/04/2024 06:01 AM | Paris-based Edonia raises €2 million to produce plant-based ingredientes from microalgae | paris-based-edonia-raises-euro2-million-to-produce-plant-based-ingredientes-from-microalgae | 25/04/2024 | Edonia, a creator of protein ingredients based on microalgae (spirulina, chlorella) completes a first financing round of €2 million. This round, led by Asterion Ventures and complemented by BPI funds, will enable the company to industrialize its technology and extend its R&D. Founded in 2023, the fact that Edonia is not subject to the “Novel… This content is for members only. Visit the site and log in/register to read.
The post Paris-based Edonia raises €2 million to produce plant-based ingredientes from microalgae appeared first on EU-Startups. |
25/04/2024 06:35 AM | 6 | |
42,540 | 25/04/2024 05:30 AM | Strasbourg-based Pixacare raises €3 million to automate wound care monitoring | strasbourg-based-pixacare-raises-euro3-million-to-automate-wound-care-monitoring | 25/04/2024 | Pixacare, a French startup helping caregivers improve the management of skin lesions by offering them cutting-edge tech accessible on smartphones, announced the successful closure of its second fundraising round, securing €3 million. This round was led by Elaia, with significant participation from the French Tech Seed fund managed by Bpifrance, part of the France 2030 initiative. … This content is for members only. Visit the site and log in/register to read.
The post Strasbourg-based Pixacare raises €3 million to automate wound care monitoring appeared first on EU-Startups. |
25/04/2024 06:35 AM | 6 | |
42,541 | 25/04/2024 05:01 AM | Paris-based VC Ternel will invest €120 million in 30 startups with new fund | paris-based-vc-ternel-will-invest-euro120-million-in-30-startups-with-new-fund | 25/04/2024 | Ternel, formerly MAIF Avenir, an investment fund dedicated to supporting startups that make a positive contribution to restoring the planet and promoting its resilience, encouraging individual and community well-being, and empowering communities, announced a new fund. The next Ternel fund will invest €120 million in 30 European startups, mainly at the seed to series A… This content is for members only. Visit the site and log in/register to read.
The post Paris-based VC Ternel will invest €120 million in 30 startups with new fund appeared first on EU-Startups. |
25/04/2024 06:35 AM | 6 | |
42,538 | 24/04/2024 02:41 PM | Beyond Weather's AI-driven long-range weather forecasting bags €250k from LUMO Labs | beyond-weathers-ai-driven-long-range-weather-forecasting-bags-euro250k-from-lumo-labs | 24/04/2024 | LUMO Labs today announced an investment of €250,000 in Vrije Universiteit (VU) Amsterdam spin-out Beyond Weather to further develop its AI technology for long-range weather and impact forecasting. Based in Utrecht, Beyond Weather leverages extensive climate expertise and AI to create targeted long-range forecasts with lead times of two weeks up to 6 months ahead Jannes van Ingen, CEO of Beyond Weather, stated:
Beyond Weather's AI-driven models offer timely, interpretable and actionable forecasts that enable the energy and agricultural sectors to anticipate high-risk weather events further in advance than ever before. These predictive capabilities allow businesses to effectively manage risks, reduce costs, and increase profitability by pre-emptively addressing potential impacts such as crop damage. In addition, Beyond Weather will be providing actionable data to aid humanitarian efforts in the already heavily climate-hit Global South. “Although we must all press on with our efforts to stop and reverse climate change, there is no denying that amid escalating climate change-induced weather events, today and in the foreseeable future, accurate forecasts are crucial,” says Andy Lurling, Founding Partner of LUMO Labs.
Lead image: Beyond Weather’s founders Steven van den Tol, Jannes van Ingen, Sem Vijverberg and Dim Coumou (Left to Right). Photo: uncredited. |
24/04/2024 03:05 PM | 1 | |
42,535 | 24/04/2024 02:22 PM | Octopus backs Ocergy in an effort cheapen wind farm construction | octopus-backs-ocergy-in-an-effort-cheapen-wind-farm-construction | 24/04/2024 | Octopus Energy's investment arm has closed a deal with Ocergy to expand floating offshore wind farms. Parties expect that the deal will help floating offshore wind farms around the world become more cost-effective due to Ocergy’s research capabailities and hyperlocal supply chain. Ocergy uses a hyper-local supply chain approach, working with local manufacturers and creating green jobs in the areas where the turbines are installed. The renewables provider works with over a dozen major developers across multiple gigawatts (GW) of projects, with their first foundations to be installed by 2025/26. The investment is made on behalf of Vector, Octopus Energy’s offshore wind fund launched at the end of last year. It marks the latest milestone in the company’s plans to turbocharge the rollout of offshore wind globally to reduce fossil fuel reliance and boost energy security. Floating foundations are used in areas with coastlines that are too deep for foundations that are fixed to the seabed. Around 80% of global offshore wind resources are located in deep waters. The investment comes as governments across the globe have set ambitious targets for floating offshore wind. The UK alone is targeting 5 GW of floating offshore wind capacity by 2030. Zoisa North-Bond, CEO of Octopus Energy Generation, said: “Tech and innovation are fueling the energy revolution globally, so we’re always on the hunt for game-changing solutions that accelerate progress. Ocergy’s groundbreaking approach has the power to slash the costs of floating offshore wind – and with our investment they will get there faster, paving the way for cleaner, greener energy systems across the globe.” Dominique Roddier, CEO of Ocergy, said: “At Ocergy we are incredibly enthusiastic about this collaboration with Octopus Energy Generation. It will empower us to scale up our operations and concentrate on delivering both pre-commercial and large-scale floating offshore wind projects. There are lots of synergies between Octopus' forward-thinking efforts in offshore wind and Ocergy's accomplishments to date - and we foresee significant boost in the bankability of our projects as a result.” |
24/04/2024 02:34 PM | 1 | |
42,536 | 24/04/2024 02:21 PM | Camion raises €2.7M for EV charging analytics | camion-raises-euro27m-for-ev-charging-analytics | 24/04/2024 | London-based Camion has raised €2.7M to scale the deployment of electric vehicle charging. Power and charging infrastructure are struggling to keep up with the growth in vehicle electrification; estimates suggest that $1.9 trillion must be spent on charging infrastructure to achieve net-zero commitments by 2050. Camion’s software combines property and location-based information with insights around power supply, traffic movements and localised future energy demand to help different market actors identify the best locations depending on their power needs. The platform indexes properties based on their readiness and potential for electrification and provides powerful insights enabling users to act quickly to capitalise on the growing need for electric vehicle charging infrastructure. The software therefore enables real estate owners, investors, lenders and infrastructure developers to discover new properties into which this can be incorporated, and complete rapid investment diligence ahead of deploying capital. The startup was founded by Tesla and CBRE alumni and has successfully raised EUR 2.7 million in a pre-seed round. The pre-seed funding round was led by EQT Ventures with First Look Capital and RitMir Ventures also participating. Jacob Monroe, Founder and CEO at Camion, commented: “The structural shift toward electrification is a huge opportunity for those who act swiftly to understand and deploy electric vehicle charging infrastructure where it is needed. As energy demand and generation become more distributed, electrified real estate will become the next great asset class in the $50 trillion global commercial real estate market. Camion exists to supercharge this once-in-a-century transition through a blend of machine learning, big data, and extensive industry insights.” |
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42,537 | 24/04/2024 02:21 PM | Rodinia Generation raises €3M to fight garment waste with on-demand microfactories | rodinia-generation-raises-euro3m-to-fight-garment-waste-with-on-demand-microfactories | 24/04/2024 | Today Danish startup Rodinia Generation announced it has raised €3 million Seed funding. Rodinia Generation is a Danish tech startup that introduces high-tech software and hardware to the fashion industry to combat garment overproduction and make manufacturing processes more sustainable and efficient. Traditionally fashion companies send designs to low-cost manufacturing countries, where they are mass-produced, using vast amounts of water, toxic chemicals and dyes, without knowing if the garment will ever sell. Furthermore, manufacturers are incentivised to overproduce because unit costs are low but shipping is slow. Production processes are low-tech and, although continuously improving, have remained principally the same since the invention of the power loom during the Industrial Revolution. Founded by designer Trine Young in 2017, Rodinia runs a network of automated microfactories that make clothes exactly when needed, near the customer, and only in the amounts people buy. Its proprietary software collects and processes production data from its microfactories, allowing the fashion industry to improve its efficiency, reduce costs and provide transparent impact reporting.the company's first microfactory has been running successfully in Copenhagen since 2021. Rodinia supplies several leading fashion businesses, including sportswear brand Hummel, Mads Nørgaard Copenhagen and children's clothing brand Wheat. "It should be possible only to make clothes when they are actually bought, without having to transport them from one end of the planet to the other while causing all sorts of damage to people and the environment along the way," says Rodinia's founder and CEO Trine Young. Rodinia addresses the most polluting processes within the fashion supply chain: dyeing and finishing, i.e. how colour and other chemicals are applied to fabric, and manufacturing, i.e. the actual sewing of garments. Microfactories make product-to-market time 19x fasterUsing microfactories, garment designs can be produced in less than two weeks, even in as little as 48 hours, eliminating the need to overproduce to ensure supply – thereby helping reduce the nearly 50 billion unsold garments annually, which costs the fashion and textiles industry €188 billion. "Today, it takes nine months from design to sale. With our microfactories, we can shorten the production process, allowing clothing brands to quickly adapt their products to trends - and potentially even sell them before they are manufactured," says Trine Young. Starting in Europe, then the US, Rodinia's ambition is to establish a worldwide network of microfactories that produces garments for international high street and luxury brands with a strong environmental awareness. Today's funding comes from The Danish Export and Investment Fund (EIFO) and Climentum Capital investment. According to Rünno Allikivi, Investment Manager in EIFO's Green Transition investment team:
"As an Article 9 fund, we were impressed with Rodinia's ability to transparently collect and process data from production units at different geographical locations. The fashion industry will benefit from this highly efficient low-volume-enabling production system and will find having impact data invaluable as environmental regulations expand," adds Stefan Maard, General Partner at Climentum Capital. Lead image: Rodinia Generation Founder and CEO Trine Young at the Copenhagen microfactory. Photo: uncredited. |
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42,534 | 24/04/2024 02:01 PM | ‘Airbnb for cars’ platform SnappCar changes hands in bid for ‘further growth’ | airbnb-for-cars-platform-snappcar-changes-hands-in-bid-for-further-growth | 24/04/2024 | 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 for external investments. AutoBinck, which specialises in mobility and energy solutions, has a turnover of approximately €1bn. According to the two companies, the deal aims to support SnappCar’s further growth.… This story continues at The Next Web Or just read more coverage about: Airbnb |
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42,533 | 24/04/2024 01:50 PM | Meet the 8 AI companies taking part in the Tech.eu Summit London 2024 | meet-the-8-ai-companies-taking-part-in-the-techeu-summit-london-2024 | 24/04/2024 | At the end of 2023, in our Annual report, we wrote about the impact that AI companies had in all spheres around the world. And we all know it's huge. Last year, in Europe, Germany led the funding race, raking in €845.3 million in 2023, a figure more than double that of the UK at €411.2 million and half of the total amount raised in the industry. France claimed the number two spot in the funding race at €554.1 million. As Tech.eu Summit London 2024 approaches in less than a month, AI will be one of the hot topics we are going to cover. Today we bring you a list of AI companies that will join us in London on 16-17 May at the Tech.eu Summit. If you want to hear more from them and/or have a chance to meet with them and discuss these important topics, now is the time to grab your ticket! And one more thing - more than 30 startups will take part in the startup stage. While waiting for more details, please subscribe to Tech.eu to receive regular updates about the Tech.eu Summit London 2024. A note: companies are sorted in alphabetical order.
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42,531 | 24/04/2024 12:18 PM | Tallinn-based 10Lines secures €1.5 million to automate line marking operations with AI and robotics | tallinn-based-10lines-secures-euro15-million-to-automate-line-marking-operations-with-ai-and-robotics | 24/04/2024 | Based in Estonia, 10Lines an autonomous line marking technology, announced today the successful closure of its latest investment round, raising €1.5 million. The round was led jointly by Tera Ventures and Karista, with participation from Butterfly Ventures and Mike Oliinyk (Ex Uber, Wise, Wolt). This significant investment will fuel 10Lines expansion efforts, particularly in the… This content is for members only. Visit the site and log in/register to read.
The post Tallinn-based 10Lines secures €1.5 million to automate line marking operations with AI and robotics appeared first on EU-Startups. |
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