EIC Scaling Club members achieved an average funding growth of 66% in the last 14-20 months, more than double the control group. The initiative supports Europe's most promising deeptech scale-ups by increasing visibility, providing access to networks, and offering targeted expert guidance. Member companies have raised around €2.13 billion, bringing the total to €5.47 billion. The top 20 companies have raised €1.67 billion.
Anthropic has filed two federal lawsuits against the US government, challenging the Trump administration's designation of "supply chain risk." The AI company argues that this designation constitutes an unconstitutional retaliation for protected speech.
Nvidia is reportedly developing an AI agent called 'NemoClaw', intended to compete with solutions like OpenClaw. The agent is said to be open source and focused on enterprise use, expanding Nvidia's offerings in the artificial intelligence sector.
Meta has announced the acquisition of Moltbook, a platform that defines itself as a "social network" for AI agents. Moltbook was known for its security vulnerabilities, with an unsecured database that allowed users to impersonate AI agents. The acquisition was made by Meta Superintelligence Labs.
Google has introduced changes to the AI-powered 'Ask Photos' feature in Google Photos, responding to user complaints. Users can now choose their preferred search experience.
Oracle announces a more transparent approach to developing its open source database MySQL, including new features supporting vectors. The company aims to dispel doubts about its dedication to the open source database, but the community awaits concrete timescales for the new features.
Legora, an AI platform for lawyers, is now valued at $5.55 billion following a $550 million Series D led by Accel to fuel its growth in the U.S.
Rising DRAM prices may significantly impact Chromebook production, budget-friendly devices widely used in education. This situation is exacerbated by massive investments in AI infrastructure, competing for the same resources.
Intel has archived several open-source projects related to Optane memory, FPGAs, and Ansible, following previous staff reductions and corporate restructuring. The decision marks a further step back in Intel's commitment to certain open-source initiatives.
Anchr has raised a $5.8 million pre-seed round to automate the back office of America’s food distribution industry. The aim is to digitize processes still based on phone calls, spreadsheets, and manual order entry, improving efficiency and reducing errors.
The Stockholm-born startup Legora, specializing in artificial intelligence for the legal sector, has announced a $550 million Series D funding round, bringing its valuation to $5.55 billion in under two years. The company aims to expand in the US.
Adobe is integrating a new AI-powered assistant into Photoshop and adding new AI-powered image editing features to Firefly. The company continues to invest in the integration of generative AI into its flagship products.
Zoom is launching an AI-powered office suite and introducing AI avatars for meetings. A real-time deepfake detection technology for meetings is also on the way.
Legora, the collaborative AI platform for lawyers, has raised $550 million in a Series D funding round, reaching a valuation of $5.55 billion. The goal is to accelerate growth in the United States, a core market for the company. The expansion includes opening new offices and hiring staff to support the adoption of AI in legal workflows.
Sandbar has secured $23 million in Series A funding for its wearable device, the Stream. The device is designed for note-taking, interacting with an AI assistant, and media playback. The launch is scheduled for this summer.
Legaltech platform Avvoka has secured £14 million in funding to expand its AI-powered drafting tools. The goal is to help law firms transform legal documents into structured, reusable templates that comply with company standards, integrating AI into existing automation processes.
Swiss startup Seprify has raised €13.4 million to scale a cellulose-based alternative to titanium dioxide, a widely used industrial whitener facing increasing bans. IKEA is backing the initiative.
Turing Award winner Yann LeCun has raised $1.03 billion in seed funding to build an alternative to large language models (LLMs), which he believes are a dead end. The initiative represents Europe’s largest ever seed funding.
Deep-tech startup Mantle8 has secured a €2.06 million EU grant. This non-dilutive funding will support the industrialization of a four-component technology platform, bringing the company closer to its first commercial drilling campaign. The funding follows a €3.4 million seed round backed by Bill Gates’ Breakthrough Energy Ventures and Kiko Ventures.
Saltz, a Lithuanian platform that digitalizes ingredient sourcing for restaurants across Europe, has secured a €20 million Series A funding round. The investment is led by EBRD, Inovo, and Lifeline, with participation from founders of Baltic tech companies.