Amazon has started offering its cashierless checkout system to other retailers

Amazon has begun marketing its cashierless checkout technology directly to other retailers, offering a system that allows customers to simply walk out of stores, paying for their purchases automatically, according to The Verge.  Amazon explains in its website FAQ: “We built Just Walk Out technology leveraging the same types of technologies used in self-driving cars: computer […]

Cloud-based banking services platform Thought Machine raises $83m in Series B funding

Cloud-based banking services platform Thought Machine raises $83m in Series B funding

The London-based fintech startup Thought Machine has raised $83 million in a Series B funding round, for its cloud-based platform providing digital banking services for both challenger and legacy banks, according to TechCrunch.  Both conventional, legacy banks and newer banking startups are offering a range of digital services to customers. Banking services that once required a […]

Revolut raises additional $500m in Series D funding round, boosting valuation to $5.5b

Revolut raises additional $500m in Series D funding round, boosting valuation to $5.5b

The global financial platform Revolut has raised an additional $500 million in a Series D funding round, bringing the total round to $836 million, according to TechCrunch. It also boosts Revolut’s total value up to $5.5 billion, making it one of the highest valued fintech startups in the world, with over 10 million customers. The platform […]

Speedinvest raises €190m to invest in European tech startups

The European venture capital firm Speedinvest has raised a new €190 million fund to invest in Europe’s early-stage startups, according to EU-startups.com.  Speedinvest met its target for the fund ahead of schedule, thanks to robust investor demand, and the fund is now “oversubscribed,” the firm says. The firm typically funds promising new companies with anywhere between €50,000 to €1.5 […]

Tier Mobility, the Berlin-based e-scooter firm, boosts Series B funding round to $100 million

The Berlin-based e-scooter startup Tier Mobility has extended its Series B funding round to $100 million, up from an initial $60 million first announced in October, according to Bloomberg. The mobility platform was first founded in late 2018, and already operates in 55 cities and 11 countries.  The new funding comes from equity and debt financing through […]

Atomico raises its largest fund yet, with $820m to back Europe’s “mission-driven” startups

The venture capital firm Atomico has closed its fifth fund, raising $820 million to invest in European startups, according to Tech Crunch.  It’s the largest fund raised by the London-based VC firm since it was founded by Skype co-founder Niklas Zennstrom in 2006. The fund will focus on backing “mission-driven” projects at the Series A stage, but also has […]

Yubo shows how a FrenchTech app can go global

While social media platforms like Facebook have come under fire for their harmful impact on mental health, particularly for younger users, the success of one “Made in France” social media platform suggests there’s room for a new approach. Yubo, the French social media startup that emphasizes the “social” aspects of its teen-focused platform, has drawn […]

Digital policy chief says AI and industrial data offer Europe a “second chance” at tech leadership

Europe’s digital policy chief Margrethe Vestager says Europe has a “second chance” to compete with tech sectors in the US and China, by using artificial intelligence (AI) to leverage big data from Europe’s largest companies, according to Politico.  “One of the reasons why we don’t have a Facebook and we don’t have a Tencent is that […]

Belgian healthtech firm OncoDNA raises €19m for precision cancer treatments and analysis

The Belgian healthtech startup OncoDNA has closed a €19 million Series B funding round to support international growth, software development, and new hiring initiatives, according to EU-startups.com. Since it launched in 2012, the company has become a leader in precision molecular analysis, helping doctors provide personalized treatments tailored to each patient’s individual cancer profile. The company offers […]

Facebook has acquired the UK startup Scape Technologies, with precision ‘AI vision’ location tools

Facebook has acquired the UK company Scape Technologies, a startup offering tools to identify locations more accurately than GPS using AI computer vision, according to Tech Crunch. Few details on the deal have been released, but regulatory filings obtained by Tech Crunch indicate that Facebook has gained majority control of Scape Technologies, in what they estimate […]