Mistral is in funding talks to raise about €3bn ($3.5bn) at a valuation of roughly €20bn, Bloomberg reported on Friday, citing people familiar with the discussions. That would nearly double the price investors put on Europe’s leading AI startup just mo…
OpenAI acquires Ona, the company once known as Gitpod, in its latest enterprise play. The deal, announced on Thursday, folds Ona’s secure cloud platform into Codex, OpenAI’s coding agent. Terms were not disclosed. Codex is on a tear. OpenAI says more t…
On 11 June, Pleo told finance teams that AI agents would soon free them from administrative work. The next day came the Pleo layoffs: the Danish spend-management fintech had cut around 50 of its own staff, most of them in engineering and data. The prod…
Infineon Technologies is preparing to open its largest single investment, a €5 billion semiconductor factory on its Dresden campus, on 2 July. The Smart Power Fab, which received approximately €1 billion in EU Chips Act subsidies, will produce power se…
THEKER, the Barcelona-based AI robotics company, has raised €73 million ($85 million) in a Series A to scale its generalist factory robots across industrial production environments. The round was led by CRV, with participation from Samsung, LVMH, Catha…
An Irish company that uses AI to stop crashes before drivers see them coming has raised up to €49m to expand in North America and Europe. CameraMatics, founded in Dublin in 2016, makes a video-telematics platform for commercial fleets. Its cameras and …
One of Europe’s oldest deep-tech specialists is opening a London office, and pitching it as a fresh expansion into new territory. Companies House tells a slightly different story. Vsquared Ventures, founded in Munich and known for raising one of Europe…
Deezer has built a free tool that will tell you how much of your music was made by a machine, even if you stream it somewhere else. The French service has opened its AI-music detector to the public, letting anyone scan their playlists on Spotify, Apple…
Mercedes-Benz is leaning deeper into defence. The carmaker has signed a memorandum of understanding with TYTAN Technologies, a Munich counter-drone startup, to develop vehicle-based systems that detect and shoot down hostile drones, built on its G-Clas…
A German startup wants to rebuild online commerce for shoppers who are not human. ShopAgentic has raised a €1.9mn pre-seed to do it. May Ventures and Greenfield Capital co-led the oversubscribed round. What ShopAgentic is building ShopAgentic calls its…