Good news from around Europe
Redwood Materials reportedly cuts 5% of staff after $350M raise The battery recycling and cathode production company, founded by former Tesla CTO JB Straubel, has started using recycled battery materials to create energy storage solutions for AI data centers. Powered by WPeMatico https://techcrunch.com/2025/11/26/redwood-materials-reportedly-cuts-5-of-staff-after-350m-raise/
Cerrion raises $18M to reduce factory downtime with AI video agents Cerrion, the Swiss-founded AI video agent platform that detects and resolves production line issues in real time, has raised $18 million in Series A funding to further expand and scale operations in the US and Europe. The round was
BKN301 expands Series B and acquires UK fintech Planky to advance AI-first banking Fintech has secured a credit facility and acquired Planky, a UK-based tech company specialised in AI-driven financial analytics and open banking. The credit facility accompanies its latest Series B round, bringing the total raised to £29 million.
Josef Brunner’s NutriUnited secures €8.5M Seed to champion family-owned food producers Corporate food companies group NutriUnited has raised €8.5 million Seed financing. Founded by Josef Brunner, NutriUnited builds, connects and develops artisan-oriented food companies. It aims to create a home for family-run businesses in the product categories meat, meat alternatives and
SportAI closes $3M round, supported by Casper Ruud SportAI, a B2B sports technology company that uses AI-powered video analysis to provide professional-grade performance insights, has raised an oversubscribed $3 million round from investors including Norwegian fund Altitude Capital and tennis player Casper Ruud. Endre Holen, former Head of McKinsey’s Global
PowerUP nets €10M Series A to scale its dual-use hydrogen technology Talliin-based PowerUP Energy Technologies has closed a €10 million Series A funding round to accelerate the manufacturing and commercialisation of its hydrogen-powered electric generators. Co-led by Mercaton and ScaleWolf and joined by SmartCap’s Green Fund, the investment will enable further scaling of
Latvian quality-engineering firm TestDevLab acquired by US firm Xoriant to support international growth TestDevLab, a Latvian software quality engineering scale-up, today announced it has been acquired by Xoriant, a ChrysCapital-owned global engineering and technology services company from the US. The partnership combines TestDevLab’s 14 years of testing expertise with Xoriant’s
Casper Ruud and Magnus Carlsen back SportAI as it secures €2.6 million for its AI performance insights Oslo’s SportAI, the B2B sports technology company using AI to deliver professional-level performance insights through video analysis, has raised an oversubscribed €2.6 million funding round to scale their global roll-out and expand technical
Polish startup Juo raises €4 million to help businesses build and manage physical-product subscriptions Juo, a Warsaw-based startup building technology for creating and scaling subscriptions based on physical products, has raised €4 million in Seed funding to expand its capabilities for developers, operations teams, and AI agents. The round was
With factory downtime up 319%, Cerrion secures €15.6 million to scale its AI video-agent platform Zurich-based Cerrion, an AI video agent platform that detects and resolves production line issues in real time, has raised €15.6 million ($18 million) in Series A funding to further expand and scale operations in the US