Vigneshwar Ravichandran

6 days ago | siliconcanals.com | Vigneshwar Ravichandran

Artificial Intelligence is everywhere! It has become an integral part of the workplace. However, most of the companies lack clear oversight and policies. Recent research shows that 73 per cent of employees already use AI (like ChatGPT) without permission. At the same time, 40 per cent of organisations have no clear approach or are delaying AI implementation out of fear. “AI is already here – whether you’re ready or not,” says Radboud Langenhorst, co-founder of AI Opener.

6 days ago | siliconcanals.com | Vigneshwar Ravichandran

ATMOS Space Cargo, a space logistics startup based in Lichtenau, Germany, has announced a strategic alliance with ARX Robotics, a company specialised in autonomous unmanned ground systems (UGVs). This partnership aims to integrate orbital re-entry logistics with autonomous unmanned systems (UxS). This partnership will improve Europe’s ability to respond quickly to critical situations, such as disaster relief and defence operations.

6 days ago | siliconcanals.com | Vigneshwar Ravichandran

On Thursday, Coinbase Global announced that it has signed an agreement to acquire Deribit, a crypto derivatives exchange, for approximately $2.9B (approximately €2.57B). The transaction comprises $700M (approximately €622B) in cash and 11 million shares of Coinbase Class A common stock. Founded by brothers John and Marius Jansen, Deribit is a cryptocurrency futures and options exchange.

6 days ago | siliconcanals.com | Vigneshwar Ravichandran

Frankfurt-based Bosch, a supplier of technology and services, has announced the launch of Fund VI, a €250M commitment to investing in deep-tech startups worldwide. The company will use the funds to back science-driven startups that are solving critical challenges in energy, mobility, automation, and beyond.

6 days ago | siliconcanals.com | Vigneshwar Ravichandran

Finland-based Foodiq, a company specialised in providing Multi-Layer Cooker (MLC) technology for food producers, has secured €10M funding from undisclosed investor/s. The company will use the funds to accelerate international expansion and scale up breakthrough food manufacturing technology (Multi-Layer Cooker, MLC). “This raise is a strong vote of confidence in our vision and business model,” says Robert Savikko, CEO and Co-founder of Foodiq.