Silicon Canals

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 | Vishal Singh

London-based Gardin Agritech, a company that offers an operating system for food production, has secured $4.5M (nearly €3.99M) in a Seed 2 funding round. The UK-based company’s technology is designed to monitor greenhouse crop health at scale and in real time. The round was led by Navus Ventures, with additional support from Oxford Innovation Finance, LDV Capital, MMC Ventures, Seedcamp, Alchimia Investments, and angel investors.

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 | Vishal Singh

Zurich-based Scalera, an AI-based tender assistant, announced that it has secured €6.5M in funding within three days. The round included multiple term sheets and interest from several investment firms. The lead investor finalised terms in just over 48 hours, marking their fastest commitment and largest investment from the fund to date. Lead investment came from seed investors firstminute capital and Speedinvest.