Following a five-fold growth since 2018, VC investment in Europe’s defence tech is set to hit a record year in 2024, as it’s on course to reach $1bn. According to a new Dealroom report, Europe is now at the heart of an investment surge, as governments turn to
London, Paris, Amsterdam, and Berlin are the leading VC ecosystems in Europe, but the region is significantly lagging behind the US and Asia. That’s according to the latest report by PitchBook analysts, who ranked global VC ecosystems based on their developm
London-based Convergence has raised $12mn in pre-seed funding to further develop its personal AI agents, which can learn using long-term memory much like humans do. Behind the startup are machine learning engineers Marvin Purtorab (CEO) and Andy Toulis (CTO).
The United Arab Emirates, and Dubai in particular, has long been the gateway to the Middle East for international businesses. The Emirate is first in the world in terms of attracting Greenfield foreign direct investment and continues to attract
NATO-backed Ephos announced today the opening of a production facility dedicated to glass-based quantum photonic chips — a world first, according to the startup. These chips can power quantum applications in computing, sensing, and communications, as well as i
Environmental, social, and corporate governance (ESG) is not a new topic in the
The vaccine market might be a crowded one, but London-based Vicebio aspires to cement its own place within it. The startup announced today it has raised $100mn in Series B funding for the development of its next-generation vaccines for respiratory viruses. Vic
UK-based scaleup Beam, born from the recent merger of offshore tech companies Rovco and Vaarst, has launched the “world’s first” autonomous underwater vehicle (AUV) driven by AI. The mini-sub can perform complex underwater tasks with no human
As artificial intelligence continues to reshape the tech landscape, developers are increasingly faced with the task of selecting which programming languages are the most beneficial and effective in terms of AI development. Taking into consideration the rapid growth o
German startup DeepDrive has bagged €30mn to scale up its electric motor technology that promises to boost EV range to over 800km — without any changes to battery capacity. Founded in 2021, DeepDrive claims its dual-rotor motor boasts the hig