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IQM, a full-stack quantum company out of Finland, went public on the Nasdaq Thursday via a SPAC merger at a valuation of about $1.9 billion. But share prices didn’t pop. They spent most the day below the IPO price — a lukewarm welcome. SPAC mergers are often not immediately popular with retail investors these days….
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…
Eighteen months after selling his startup to chipmaker AMD for $665 million, Finnish entrepreneur Peter Sarlin has left his role as CEO of the unit now known as AMD Silo AI. He is now chairman at two new ventures: physical AI lab NestAI, and QuTwo, an AI startup aimed at helping companies prepare for the…
Finland’s weather is notoriously unfriendly; but even so, your food order might be delivered by a drone. On a rainy day after Helsinki’s annual Slush conference, Finnish entrepreneur Ville Leppälä took TechCrunch behind the scenes of a three-party partnership between Irish drone delivery company Manna, DoorDash-owned food delivery platform Wolt, and his own startup, Huuva….
A US judge tossed the SEC’s case against Hex founder Richard Heart, stating it couldn’t decide whether he defrauded investors of $12.1 million because the US lacked jurisdiction. A district court judge has dismissed the US securities regulator’s lawsuit accusing Hex founder Richard Heart of raising over $1 billion through unregistered crypto offerings and defrauding…
After a needless two-month delay, the Turkish Grand National Assembly’s Foreign Affairs Committee finally approved Sweden’s application for NATO membership earlier this week. But Fuad Oktay, the committee’s chairman, made it clear that full parliamentary ratification was still some time away. Since the parliament, like the committee, is controlled by President Recep Tayyip Erdogan’s AK…
Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Morning Report newsletter Former…
Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Morning Report newsletter What…
Finland on Tuesday is set to become the 31st member of the North Atlantic Treaty Organization (NATO), the largest military alliance in the world. The historic moment comes after Turkey last week decided to allow Finland to move ahead on joining NATO without its neighbor Sweden. NATO Secretary-General Jens Stoltenberg on Monday said it was…
” LocalBitcoins closes down the P2P crypto exchange service “ Finland-based peer-to-peer (P2P) cryptocurrency platform LocalBitcoins is shutting down operations after serving its customers for more than 10 years. LocalBitcoins officially announced termination of services on Feb. 9, citing tough market conditions of the ongoing cryptocurrency winter. “Regardless of our efforts to overcome challenges during…