Author: dweetleapp
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NEOintralogistics secures €3M to democratise warehouse automation through RaaS
German robotics-as-a-service (RaaS) provider NEOintralogistics has closed a €3 million seed funding round, led by the Amadeus APEX Technology Fund with participation from Cetus Holding. The need for accessible automation solutions continues to grow. While automation can deliver significant operational cost savings, adoption has been constrained by high upfront investment requirements. As a result, many read more
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French accounting software platform Pennylane raises $200M
French accounting software platform Pennylane has raised $200m in a funding round, but says it had no immediate need for the fresh funds. The round was led by growth investor TCV, with Blackstone Growthand existing investors, including Sequoia, DST Global and the venture arm of Alphabet, CapitalG, also participating. The funding round values Pennylane at read more
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Orbem raises €55.5M Series B to scale AI-powered MRI technology
Munich-based Orbem, a deeptech company applying artificial intelligence to magnetic resonance imaging to analyse food and biological systems, has closed a €55.5 million Series B financing round. The round was led by Innovation Industries, with participation from Supernova Invest and follow-on investments from existing backers, including General Catalyst, 83North, The Venture Collective, Possible Ventures, and read more
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British Business Bank invests £25M in Kraken Technologies
The UK government-backed British Business Bank (BBB) is taking a £25m stake in Kraken Technologies, the software entity being spun out of Octopus Energy, marking the bank’s biggest ever direct investment into a private firm. Octopus Energy sold a $1bn stake inKraken last month to a syndicate of investors, paving the way for its demerger read more
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GeneralMind raises $12M to build AI autopilot for operational workflows
Berlin-based GeneralMind, an AI-based system focused on automating operational and coordination tasks in supply-chain environments, has closed a $12 million equity financing round. The round was led by Lakestar, Leo Capital, LucidCapital, Heliad, and BOOOM, with additional participation from angel investors including Alexander Kudlich, Jens Urbaniak, and Samir Sood. Many enterprises continue to rely on read more
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Stoïk raises €20M to strengthen its position in the European cyber risk market
Paris-based Stoïk has completed a €20 million Series C funding round co-led by Impala, which joins as a new investor, and Opera Tech Ventures, an existing investor. Current investors Alven and Andreessen Horowitz also participated in the round. Stoïk is a European insurtech focused on cyber risk coverage for companies with revenues of up to read more
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Stilla emerges from stealth with $5M to address collaboration challenges in AI-driven companies
Stockholm-based Stilla has emerged from stealth with $5 million in pre-seed funding to develop an intelligence layer designed to support collaboration between humans and AI within product teams. The round was led by General Catalyst, with participation from a group of angel investors. As organisations accelerate the adoption of AI across workflows, coordination has become read more
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Dresden medtech Cancilico closes €2.5M round to advance AI in oncology
Cancilico, an AI diagnostics startup specialising in blood cancer, has raised €2.5 million in Seed funding. The Dresden healthtech startup was founded in 2023 as a spin-off of the EKFZ for Digital Health at TUD Dresden, University of Technology, and University Hospital Dresden. The company develops AI-driven diagnostic solutions for haematology to automate and improve read more
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