Month: February 2025

Modern Synthesis secures $5.5M for bio-based alternatives to animal and plastic-based textiles Biomaterials company Modern Synthesis today announces the successful close of a $5.5 million funding round.  Founded by ex-Adidas designer Jen Keane and synthetic biologist Dr Ben Reeve, the company uses material science to transform nanocellulose — a natural byproduct

Resilient and rising: UK tech ecosystem Recognized as one of the most dynamic and innovative ecosystems globally, the UK is home to a thriving network of startups, scale-ups, and established tech giants. With strong infrastructure, access to venture capital, and a highly skilled workforce, the UK remains a global leader

Astral Systems secures £4.5M to bring nuclear breakthroughs to healthcare Bristol-based Nuclear tech Astral Systems, a ambitious deeptech firm developing multistate fusion (MSF) technology, has raised £4.5M investment led by Speedinvest and Playfair, with the participation of angel investors including Oliver Buck, founder of ITM Isotope Technologies, and former ARM

DeepTech startup Astral Systems raises €5.3 million to commercialise fusion technology Astral Systems, a Bristol-based DeepTech firm pioneering multistate fusion (MSF) technology, has closed over €5.3 million investment to deliver their fusion reactors to customers by the end of 2025. The funding was led by Speedinvest and Playfair, with the

HealthTech startup Avelios Medical secures €30 million to modernise hospital IT systems Munich-based Avelios Medical, provider of a modern hospital information system (HIS), has raised €30 million in Series A funding to reach its goal of becoming the leading OS for intelligent patient care. The funding round was led by

“From days to minutes”: Trace.Space raises €3.8 million for requirements management platform Riga-based Trace.Space, an AI-enhanced requirements management platform for engineers developing industrial products, today announced a €3.8 million Seed investment to fuel engineering, product development and go-to-market efforts. The funding round was led by Cherry Ventures, with Outlast Fund

FinTech startup Wealthon secures €126 million for financial services ecosystem for SMEs Wealthon, a Warsaw-based FinTech developing an ecosystem of digital financial solutions for SMEs, has secured €126.2 million in funding, consisting primarily of a €116 million debt facility from Fortress Investment Group and €7 million in equity investment from

Startups unfiltered: Share your epic startup failure story at the EU-Startups Summit Startups are built on ambition, innovation, and risk-taking—but not every venture reaches the finish line. While success stories often take centre stage, some of the most powerful lessons come from those who’ve been through the hardest falls. At

Samsung surpasses Intel as top chipmaker in 2024, while global semiconductor sales reach $626B Last year, Samsung Electronics generated $66.5 billion in revenue from chip sales. Powered by WPeMatico https://en.ain.ua/2025/02/06/samsung-surpasses-intel-as-top-chipmaker-in-2024/

DeepSeek is limiting access to its popular AI model due to the influx of new users The Chinese AI company has also announced the end of discounts for chat usage. Powered by WPeMatico https://en.ain.ua/2025/02/06/deepseek-limits-access-to-its-service/