Europe

Cytora, a U.K. startup that developed an AI-powered solution for commercial insurance underwriting, has raised £25 million in a Series B round. Leading the investment is EQT Ventures, with participation from existing investors Cambridge Innovation Capital, Parkwalk and a number of unnamed angel investors. A spin-out of the University of Cambridge, Cytora was founded in
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Move over, Flexport. There is another player looking to make waves in the huge and messy business of freight logistics. Zencargo — a London startup that has built a platform that uses machine learning and other new technology to rethink how large shipping companies and their customers manage and move cargo, or freight forwarding as
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Most work involving computers is highly repetitive, which is why companies regularly have developers write code to automate repetitive tasks. But that process is not very scalable. Ideally, individuals across an entire business would be able to create automated tasks, not just developers. This problem has created a new category called process automation. Startups in
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In a fast-moving development since Julian Assange’s arrest inside the Ecuadorian embassy earlier today for breaching U.K. bail conditions, the WikiLeaks founder has been rearrested on behalf of the U.S. — confirming that he will face extradition proceedings. In an updated statement the Met Police said: Julian Assange, 47, (03.07.71) has today, Thursday 11 April,
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GuestReady, a service that helps shared-economy hosts manage their business on Airbnb and other rental sites, is getting into expansion mode again after it completed its fourth acquisition. The company, which has raised $3.7 million from investors to date, just announced that it has acquired France-based rival BnbLord, a startup that it claims is the
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Trint, the London-based translation startup co-founded by Emmy-winning journalist Jeff Kofman, has raised $4.5 million in Series A funding. The round includes follow-on investment from Horizons Lab, the Hong Kong-based seed fund operated by the managers of Horizons Ventures, with participation from TechNexus, and The Associated Press. It brings total funding for Trint to $7.8
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Madrid-based micromobility startup Movo has closed a €20 million (~$22.5M) Series A funding round to accelerate international expansion. The 2017-founded Spanish startup targets cities in its home market and in markets across LatAm, offering last-mile mobility via rentable electric scooters (e-mopeds and e-scooters) plotted on an app map. It’s a subsidiary of local ride-hailing firm
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The European Parliament’s civil liberties committee (Libe) voted yesterday to back proposed legislation for a one-hour takedown rule for online terrorist content which critics argue will force websites to filter uploads. MEPs on the committee also backed big penalties for service providers that systematically and persistently fail to abide by the law — agreeing they
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Leadfeeder, a Helsinki-based startup that helps B2B companies generate new leads from website analytics, has closed a €3.1 million in series A funding. Leading the round is Dutch growth capital firm Endeit Capital, with Finland’s Superhero Capital and Vendep Capital participating. The Finnish company says the new capital will be used to further develop its
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The European Commission has announced the launch of a pilot project intended to test draft ethical rules for developing and applying artificial intelligence technologies to ensure they can be implemented in practice. It’s also aiming to garner feedback and encourage international consensus building for what it dubs “human-centric AI” — targeting among other talking shops
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Veratrak, a London-based startup that aims to digitise the pharmaceutical supply chain, has picked up £1 million in seed funding. Leading the round is Force Over Mass, with participation from Seedcamp, Ascension Ventures, Blockchain Valley Ventures and TrueSight Ventures. A number of individual investors have also backed the young company. They include ex-head of Corporate
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Octopus Ventures, the European venture capital firm that’s part of Octopus Group, is launching an £83 million growth fund to further invest in its most promising portfolio companies. The new fund, which is backed by a number of undisclosed institutional investors rather than individual investors, brings the total Octopus Ventures’ various funds has under management
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French startup OpenClassrooms is announcing a new partnership for a masters-level online program. Students who enroll in this program will access a fully online program about artificial intelligence. Eventually, future graduates will join companies — Microsoft will likely hire some of them. If you aren’t familiar with OpenClassrooms, the company first started with basic massive
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Nauta Capital, the pan-European VC that invests in “capital-efficient” B2B software companies and consumer tech, has announced the closing of a new €55 million “sidecar” fund dedicated to backing its existing later-stage portfolio companies. The VC firm, with offices in London, Barcelona and Munich, typically invests in early-stage technology startups from late seed and at Series A.
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The market for technology and services for clinical drug trials is expected to reach $68.9 billion over the next seven years. The trials, which are necessary to bring new healthcare treatments to market, are by necessity prolonged, complicated affairs. Several companies are vying for a piece of this multi-billion-dollar pie with the offer of new
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Barcelona-based Red Points has closed a $38 million Series C led by Summit Partners. Existing investors Northzone, Mangrove, Eight Roads Ventures and Banco Sabadell also participated in the funding round which follows a $12M Series B last year. The company’s software as a service platform targets brands wanting to protect products and their reseller network
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Projects like Google’s Waymo, Uber, Cruise and Aurora are developing autonomous vehicles by throwing engineers at the problem, basing most of their platforms on rule-based systems that try to pre-empt and deal with every edge case, whilst also peppering the cars with more sensors to capture more data. This can work in relatively controlled environments
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Security breaches, where malicious hackers obtain snippets of information that then get used to impersonate individuals in order to gain access to individuals’ and businesses’ sensitive financial and other private information, have become par for the course in the world of digital services. More than 2.7 billion records were  breached in a single incident this year
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