Good news from around Europe
Temu flagged for potential DSA breach due to unsafe products The European Commission has stated that Temu may be in breach of the EU’s landmark Digital Services Act (DSA). The move marks a significant step in the EU’s ongoing crackdown on companies that fail to ensure product compliance within the
German AI startup Cognigy hoovered up by US customer service firm NiCE A German AI agents startup is being acquired by a US customer service company in a near $1bn deal, in what is thought to be Europe’s biggest AI exit to date. German startup Cognigy, founded in 2016, is
Wayve sees leap in headcount to 650, amid expansion into new markets Wayve, the UK AI self-driving startup, has seen its headcount more than double to around 650 in the past 12 months amid its expansion into new markets. While some European tech firms might be curbing hiring amid surging
1KOMMA5° extends pre-IPO round German home electrification start-up 1KOMMA5° has extended its €150 million pre-IPO funding round, which was initially closed in December 2024. The additional capital will be used to accelerate organic growth and scale Heartbeat AI, 1KOMMA5°’s energy management software and virtual power plant (VPP), enabling millions of homeowners
DynaRisk raises $4.7M to shape the future of cyber insurance London-based cyber risk management firm DynaRisk has closed $4.7 million funding round to accelerate product innovation and fuel international expansion. Founded in 2016, DynaRisk provides accessible cybersecurity solutions backed by advanced threat intelligence. The company equips insurers and their customers,
Greek FoodTech innovator StiQ secures €20 million for its “Virtual Kitchen” platform The European Investment Bank (EIB) has announced they are investing €20 million in StiQ, an Athens-based FoodTech company innovating AI-powered cloud kitchen technology. The financing, backed by the InvestEU programme, will support the company’s R&D, digital innovation and
London’s DynaRisk raises €4 million to shape the future of cyber insurance British cyber risk management firm DynaRisk has today announced a €4 million funding round to accelerate product innovation and fuel international expansion. The round was led by YFM Equity Partners (YFM). Commenting on the investment, Andrew Martin, CEO
US company NiCE to acquire AI German startup Cognigy – accelerating AI-first customer experience US AI-powered customer experience company NiCE has today announced that it has entered into a definitive agreement to acquire Düsseldorf-based Cognigy, a leader in conversational and agentic AI. NiCE’s Board of Directors unanimously approved the agreement
Not your regular solar panel: 10 European startups harvesting the power of the sun Solar power has long been recognised as one of the most promising sources of clean energy. As global demand for electricity rises and climate targets grow more urgent, harnessing the sun’s energy continues to play a
German startup 1KOMMA5° extends €150 million pre-IPO round to bring in new investors and scale their energy management software Hamburg-based 1KOMMA5°, a home electrification startup and ClimateTech unicorn, has extended its €150 million pre-IPO funding round initially closed in December 2024 to accelerate organic growth and scale Heartbeat AI, their