EU Information Service

Lumai secures over $10M investment for optical processing tech UK AI optical processing startup Lumai has secured more than $10 million in investment.  Spun out of the University of Oxford, Lumai is tackling the limitations of AI compute by using optical processing to accelerate LLM and other transformer-based AI.  Lumai has

Builder.ai undergoes “significant restructuring” as it restates past accounts Microsoft-backed UK startup Builder.ai has undergone a “significant restructuring”, under its new CEO, as it restates its previous financial accounts. The AI startup, whose founder Sachin Dev Duggal stepped down in March this year, has cut its global headcount by around

Fintech Next Generation acquires Lugh in order to launch digital payments French fintech Next Generation has acquired Lugh Financial Services (LFS), a Digital Asset Service Provider (DASP) from the French retail giant, Casino Group.  This acquisition is designed to bolster Next Generation’s bid for regulatory compliance under the European Union’s

Wireless Logic expands to Latin America with Arqia acquisition IoT startup Wireless Logic has acquired Arqia, Brazil’s largest independent authorised Mobile Virtual Network Operator.  Wireless Logic’s global platform simplifies and automates IoT connectivity, serving more than 14 million devices across 165 countries. The company’s partnerships with over 50 mobile networks enable

How a Slovak startup Is tackling enterprise IT’s biggest headache Selecting the right software provider is a complex challenge, as procurement, IT, and business teams often have conflicting priorities, ranging from cost and compliance to functionality and scalability.  Many organisations still rely on gut instinct, informal recommendations, or Google searches

Lumai secures more than €9.2 million to slash AI processing costs and boost performance Oxford-based Lumai, an AI accelerator startup using optics to address global computational challenges, today announced that it has secured more than €9.2 million to help AI data centres reduce costs and boost performance – while minimising

FinTech startup Wealthyhood lands €3.6 million investment to expand to Greece London-based FinTech startup Wealthyhood, a wealth-building app helping younger investors learn, save, invest and build wealth, has raised €3.6 million in a strategic funding round, with Global Wealth Group PLC stepping in as lead investor. The move signals Global

Kos Stiskin, Co-founder of FINOM, will join us as a keynote speaker at the EU-Startups Summit 2025! We’re excited to announce that Kos Stiskin, Co-founder and VP of Strategy at FINOM, will take the stage at this year’s EU-Startups Summit 2025 in sunny Malta on April 24-25! As a seasoned

“More than just a robot”: Surgical robotics company CMR Surgical secures over €185 million Cambridge-based CMR Surgical, a global surgical robotics company, today announced the successful closing of a financing round of over €185 million through a combination of equity and debt capital to support the company’s growth plans. The

Growth investor Revaia closes ‘Revaia Growth II’ fund at €250 million Paris-based Revaia, a leading independent European growth investor, today announced the final closing of its second fund, ‘Revaia Growth II’, at €250 million, bringing its total assets under management to €600 million. Bpifrance and the European Investment Fund (EIF),