Month: July 2025

Nvidia AI chip challenger Groq said to be nearing new fundraising at $6B valuation  AI chip startup Groq is in talks to raise a fresh $600 million at a near $6 billion valuation, sources tell Bloomberg, although the deal isn’t yet final and terms could change.  Powered by WPeMatico https://techcrunch.com/2025/07/29/nvidia-ai-chip-challenger-groq-said-to-be-nearing-new-fundraising-at-6b-valuation/

Luma and Runway expect robotics to eventually be a big revenue driver for them Both Luma and Runway have reportedly held conversations with self-driving car and robotics companies as they look toward the future. Powered by WPeMatico https://techcrunch.com/2025/07/29/luma-and-runway-expect-robotics-to-eventually-be-a-big-revenue-driver-for-them/

Google says UK government has not demanded an encryption backdoor for its users’ data Google refused to tell a U.S. senator whether the company had received a secret U.K. surveillance order demanding access to encrypted data, similar to an order served on Apple earlier this year. Powered by WPeMatico https://techcrunch.com/2025/07/29/google-says-uk-government-not-demanded-encryption-backdoor-for-its-users-data/

Anthropic reportedly nears $170B valuation with potential $5B round The new round is being led by Iconiq Capital, with the possibility of a co-lead investor joining. Powered by WPeMatico https://techcrunch.com/2025/07/29/anthropic-reportedly-nears-170b-valuation-with-potential-5b-round/

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