Day: August 6, 2025

OpenAI launches open-source models ChatGPT maker OpenAI is launching two open-source models (gpt-oss-120B and gpt-oss-20B), which it claims outperform similarly sized models on reasoning through complex tasks. The US frontier AI firm said the two models, called gpt-oss models, were its “most capable” open-source models to date. The launch of

Largo.ai acquires QuMind to expand AI-driven market insights QuMind, a London-based market research technology and consultancy firm, has been acquired by Largo.ai, a global provider of AI-driven solutions for the film, TV, and advertising industries. This strategic deal is set to transform how market insights, product testing, and advertising evaluation

UAV Destinus acquires Daedalean in $225M deal to boost AI capabilities Destinus Group today announced it has signed a binding agreement to acquire Zurich-based Daedalean, a leader in aviation AI solutions, for CHF 180 million (approximately $225 million) in a combined cash-and-stock transaction. The acquisition, expected to close by the

Wireless Logic acquires Zipit Wireless UK-based Wireless Logic, an IoT solutions provider, has completed its acquisition of Zipit Wireless, a multi-carrier IoT connectivity and subscription billing solutions provider. The deal marks Wireless Logic’s first acquisition of a US-headquartered company and supports its ongoing strategy to expand global reach while deepening local expertise

UK open banking firm Ordo to close One of the UK’s first licensed open banking providers is closing, marking the latest closure to hit the sector. Ordo, the FCA-authorised open banking payments and data service provider, is being closed by its Norwegian open banking parent company Neonomics. Neonomics CEO and founder

Germany’s Tanso raises €12 million to expand their environmental compliance platform Munich-based environmental management and compliance platform Tanso has closed a Series A round of €12 million to expand its team into additional countries, and to develop further product modules for supply chain, compliance, and risk management. The round was led

Australian-born, Spanish-grown: PropHero lands €2.5 million from BBVA Spark to fuel real estate tech push in Spain Madrid-based PropHero, a digital platform using AI to connect property investors with high-yield opportunities, has secured €2.5 million in financing from BBVA Spark to fuel its expansion across Spain. The funding – supported

London’s Doughlicious raises €4.3 million for its gluten-free frozen cookie dough & gelato bites Doughlicious, a British FoodTech frozen novelty brand known for its artisanal frozen cookie dough-enrobed gelato bites, announced a €4.3 million round to expand across the US, where it already has a retail presence, and internationally. The

British HealthTech startup Wanda Health raises €2.1 million to scale intelligent virtual care and reduce hospital readmissions Bristol-based Wanda Health, an intelligent platform for Remote Patient Monitoring (RPM) and Virtual Care, has successfully closed an investment round of €2.1 million in order to reduce hospitalisations and readmissions by collecting real-time

Scotland’s Approov Mobile Security raises €5.7 million for their mobile app security platform Edinburgh-based Approov Mobile Security has closed a €5.7 million Series A funding round to innovate mobile app and API security for the AI era, enabling hem to accelerate R&D and scale global presence. The round was led