Good news from around Europe
PostScriptum launches NestAI to build Europe’s next tech frontier Today, PostScriptum – the original cradle for Silo AI, acquired by AMD in 2024 in Europe’s largest AI acquisition – launches its build leg with NestAI emerging as Europe’s innovation lab to build next-generation technology. NestAI brings together some of the
Nscale raises $1.1BN in Series B Nscale, a less than two-year-old UK data centre startup which is key to Silicon Valley’s plans to build UK AI infrastructure, has raised $1.1bn in a Series B funding round. The round was led by Aker, the Norwegian energy infrastructure group, with participation from
Global leaders in tech innovation and investment will gather at VDS 2025 in Valencia [Sponsored] VDS 2025 unveils its international keynote speakers, consolidating its position in its eighth edition as one of Europe’s most relevant tech events. Under the theme “Collaborate Today. Transform Tomorrow” and with Symbiosis as its narrative
Corintis lands $24M and Microsoft endorsement for chip cooling tech Coming out of stealth mode, semiconductor cooling startup Corintis has today announced that it has raised a $24 million Series A to address the problem of liquid cooling at scale. To date, the company has raised $33.4 million in total.
Stripe-backed TrueLayer sees transaction boost but cuts staff as aims for profit Stripe-backed UK open banking startup TrueLayer says it processed 188m transactions in 2024, an 84 per cent increase on 2023, but cut staff numbers as it looked to move to profitability. TrueLayer, which is also backed by Tiger Global,
German DeepTech startup yasp raises €4.2 million to accelerate AI model optimisation yasp, a DeepTech startup out of Munich developing the Agentic AI Compiler, announced the successful closing of its €4.2 million Seed funding round to bring development one step closer to a Q4 2025 market launch. The funding round
Swiss startup Corintis raises €20 million to target AI bottleneck, and collaborates with Microsoft for chip cooling breakthrough Coming out of stealth mode, Laussane-based semiconductor cooling startup Corintis has today announced that it has raised a €20 million Series A to address the cooling bottleneck faced by computer chips in
Europe’s AI reality check: Without rapid reskilling, startups risk falling behind the US and China By 2030, AI could displace millions of jobs across Europe. Startups that invest in reskilling talent will turn scarcity into strength and define the continent’s next generation of category leaders. The wrong future most Europeans
Light raises €25 million to replace legacy finance systems with AI-native platform Light, an AI-native finance platform out of Copenhagen that processes 280 million records in under a second, today announced €25 million in Series A funding to expand to the US, triple its engineering team, and further build out
British hyperscaler Nscale raises €936 million in milestone for European AI infrastructure Nscale, the London-based hyperscaler engineered for AI, today announced it has raised the largest Series B in UK and European history, at €936 million to challenge established global cloud providers and accelerate European sovereign AI infrastructure deployment. The