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One of Berlin’s rising-star, early stage startups, Peec AI, just crossed $10 million in annualized revenue, according to internal dashboard data seen and verified by TechCrunch. Peec AI raised its $21 million Series A six months ago. While CEO Marius Meiners wouldn’t disclose its valuation to me at that time (only revealing that it was…
Swedish startup Pit may have gained notice for some rage-bait social media posts, but it has also become another Stockholm AI startup to watch. Pit is led by the co-founders of European scooter giant Voi, including Voi CEO Fredrik Hjelm. He is joined by former iZettle and Klarna engineers. And it is now backed by…
QuTwo, the Finnish AI lab founded by former AMD Silo AI CEO Peter Sarlin, is now valued at €325 million (approximately $380 million) after raising a €25 million angel round ($29 million). It’s a sign of enduring tailwinds for AI, quantum computing, and sovereign tech, especially for Europe-made companies. QuTwo’s name is a nod to…
Europe should be known for BottleCap AI, not bottle cap memes. With its tongue-in-cheek name, this Prague-based AI startup is one of the teams that VCs think you should know. It is not that European startups never cut through the noise — Lovable and Mistral AI are proof of it. But there are many more…
Nvidia has laid a new brick in its AI empire. NVentures, its corporate VC fund, has backed Legora, reportedly its first legal AI investment. Leveraging AI to help lawyers streamline their work, the Swedish-born legal tech startup is competing with U.S. player Harvey. Alongside Atlassian and other new financial investors, NVentures joined Legora’s cap table…
Microsoft CEO Satya Nadella is far less vocal about his worldviews than Palantir’s Alex Karp. And yet, France is taking steps to reduce its reliance on Windows, while its domestic intelligence agency recently renewed its contract with the increasingly controversial data analytics company. This paradox is representative of Europe’s messy breakup with U.S. tech. After…
In the U.S., discussions about top camera phones largely center around iPhones, the Samsung Galaxy series, and, lately, the Google Pixel. In contrast, people in Asia and parts of Europe get a wider range of choice with companies like Xiaomi, Oppo, and Vivo upping their camera game. The Xiaomi 17 Ultra, which recently had its…
The European Union’s cybersecurity agency said Thursday that a recent hack and data breach at the EU’s executive body was the work of a cybercriminal group known as TeamPCP. In a new report, CERT-EU also reported that the hackers stole around 92 gigabytes of compressed data from a compromised Amazon Web Services (AWS) account used…
With private company defaults running at upwards of 9.2% — the highest rate in years — VC firm Lux Capital recently advised companies relying on AI to get their compute capacity commitments confirmed in writing. With financial instability rippling through the AI supply chain, Lux warned, a handshake agreement isn’t enough. But there’s another option…
Most enterprise AI projects fail not because companies lack the technology, but because the models they’re using don’t understand their business. The models are often trained on the internet, rather than decades of internal documents, workflows, and institutional knowledge. That gap is where Mistral, the French AI startup, sees opportunity. On Tuesday, the company announced…