Good news from around Europe
Snap spins off AI video team into new company, Dotmo, due to costs The Snapchat maker is spinning off yet another internal unit. Dotmo will be composed of current Snap staff who are leaving the social media company to focus on AI video development. Powered by WPeMatico https://techcrunch.com/2026/06/18/snap-spins-off-ai-video-team-into-new-company-dotmo-due-to-costs/
OpenAI is bringing on some big guns in the lead-up to its IPO OpenAI is bulking up before its IPO, landing Transformer co-inventor Noam Shazeer from Google DeepMind and former Trump AI policy official Dean Ball in the same week. Powered by WPeMatico https://techcrunch.com/2026/06/18/openai-is-bringing-on-some-big-guns-in-the-lead-up-to-its-ipo/
DeepL acquires US audio stadium streaming business Mixhalo German AI translation startup DeepL has acquired a US audio streaming startup whose tech helps attendees at conferences and sports events get the same sound experience regardless of where they are sitting. DeepL has acquired San Francisco-based Mixhalo for an undisclosed sum, as it
Ukraine and France launch €20M BRAVE FRANCE fund to accelerate battlefield innovation Ukraine and France are officially launching BRAVE FRANCE, a major joint defencetech initiative. Ukraine’s state defence cluster, BRAVE1, alongside the French Defence Innovation Agency (AID), has established a joint €20 million budget — contributing €10 million from each
PDKINEMATICS raises €2M for drone guidance technology Lithuanian defence engineering company PDKINEMATICS has raised a €2 million Seed round co-led by Coinvest Capital and Iron Wolf Capital. The round also includes defence-focused angels and experienced founders from technology and high-growth industries. Modern drone warfare is at an inflection point. NATO
NexDash secures €2.5 million from EIT Urban Mobility to accelerate electric freight expansion Berlin road freight startup NexDash today announced €2.5 million in funding from EIT Urban Mobility. The investment is a pre-Series A commitment securing EIT Urban Mobility’s Series A participation. Road freight is one of the hardest sectors to
Solar Foods wins €77.8M funding package for Factory 02 expansion Solar Foods has secured €77.8 million in grant and loan financing to support the construction and commissioning of Factory 02. The funding package comprises a €39.6 million grant and a €38.1 million R&D loan, awarded under the company’s participation in
Brave1 and the French Defence Innovation Agency launched the joint Brave France grant program worth €20M Defence technology cluster Brave1 and the French Defence Innovation Agency have signed an agreement on a bilateral partnership and the launch of the joint grant program Brave France. As announced by Brave1. The program’s
bird app for finding housing launches in Warsaw The Ukrainian apartment rental app bird has started operating in Warsaw. The Polish version of the service is called birb. According to AIN, the company confirmed the launch. Warsaw became the second city outside Ukraine after the launch in London in 2022.
Threads reached 500 million monthly active users. Meta introduced new in-app features Threads’ number of monthly active users reached 500 million. Meta announced this. Against this backdrop the company announced a range of new features for communities and content personalization in the feed. What updates are planned for Threads Meta