Good news from around Europe
A startup that builds other startups raised $100M and is all-in on physical AI UP.Labs, now doing business under the name Vantora, is building startups for industrial corporations. Powered by WPeMatico https://techcrunch.com/2026/09/18/a-startup-that-builds-other-startups-raised-100m-and-is-all-in-on-physical-ai/
Anthropic is operating a lab that conducts biology experiments AI leaders have been promising that AI is the key to curing human disease. Anthropic researchers have also been warning that AI might kill us all. Powered by WPeMatico https://techcrunch.com/2026/09/18/anthropic-is-operating-a-lab-that-conducts-biology-experiments/
AI hallucination nearly triggers US military operation “It’s important for service members to understand the uncertainty inherent to LLMs,” a GovAI research scholar warns. Powered by WPeMatico https://techcrunch.com/2026/09/18/ai-hallucination-nearly-triggers-us-military-operation/
Magentic raises $18M to automate industrial operations with AI agents Magentic, a provider of AI-powered digital workers for industrial companies, has raised $18 million in Series A funding, a year after its launch. The round was led by Felicis, with participation from existing investors Sequoia Capital and The Westly Group.
Finland’s top-funded tech companies in H1 2026 Finland’s tech ecosystem attracted around €1.3 billion across 53 funding deals in H1 2026. Investment was heavily concentrated at the top, with space accounting for €900 million, or nearly 69 per cent of the total capital raised. Beyond space, funding reflected Finland’s strength
Swedish fintech Trustly to cut around 200 jobs Swedish fintech Trustly is cutting around 200 jobs, around a quarter of its overall headcount, as it looks to streamline its operations and focus on key areas of the business, it said. Trustly, which is backed by BlackRock and has raised over $400m
Kuva Space takes on illicit crop monitoring with hyperspectral satellites and AI Kuva Space, a Finnish space-technology company developing hyperspectral Earth-observation satellites and AI-powered intelligence solutions, has completed a pilot with a key European security stakeholder demonstrating how hyperspectral satellite data can improve the monitoring of illicit crops at regional
syte raises €9M to automate early-stage real estate planning German real estate technology company syte has raised €9 million in Series A funding to expand its land and property analytics platform. The round was led by amberra, the venture studio of the Cooperative Financial Group Volksbanken Raiffeisenbanken, with NRW.BANK joining
UK FinTech startup Ryft secures €23 million to accelerate European expansion Manchester-based payments company Ryft has secured a €23 million (£20 million) Series B amid broader efforts to promote British tech companies and strengthen sovereign payments infrastructure across Europe. The round was led by Gresham House Ventures, with participation from
Marco Marlia, MotorK co-founder and President, joins the EU-Startups Summit 2027 We’re excited to announce that Marco Marlia, co-founder and President of MotorK, will join us at the EU-Startups Summit 2027, taking place on May 13-14 in sunny Malta! Marco will deliver a keynote titled Weathering the Storm: The right