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Romania's tech surge: Talent, capital & a bold vision

1 week ago | tech.eu | Tamara Djurickovic

Romania has become one of Eastern Europe’s most vibrant and promising tech hubs. In 2024, as noted in the Venture in Eastern Europe 2024 Report, Romanian startups raised a record €128.6 million, marking the fourth consecutive year of funding surpassing €100 million. The country’s tech strength is reflected in its talent pool of over 202,000 IT professionals, placing Romania among the top in Central and Eastern Europe.
Inephany secures $2.2M for more efficient AI Model training

1 week ago | tech.eu | Lucy Adams

London-based AI startup Inephany has raised $2.2M in a pre-seed funding round to develop a platform aimed at optimising the training of neural networks, including large language models (LLMs). The round was led by Amadeus Capital Partners, with participation from Sure Valley Ventures and Professor Steve Young, who joins as both an angel investor and chair.
We have spent “millions” on AI training data, says Photoroom CEO, who wants to make the internet “more beautiful”

1 week ago | tech.eu | John Reynolds

France and the US are the two countries which have shaped the career of Matthieu Rouif (known as “Matt”), the co-founder and CEO of Photoroom, one of the most talked-about startups in the European AI firmament in recent times. Born in France, the Y-Combinator and Stanford University alum spent time in the French Air Force (over 100 parachute jumps to his name) before a career which has seen him yo-yo across the Atlantic, by way of teaching jobs, founding startups, or working at US tech firms.
Flock Mobility raises £1M to expand shared EV ride platform

1 week ago | tech.eu | Lucy Adams

London-based startup Flock Mobility has raised £1M in new funding to accelerate the growth of its AI-driven platform that helps organisations arrange shared electric vehicle (EV) transport. The round includes investment from Skyscanner founder Gareth Williams and a Boston-based family office. The funding will enable Flock to expand into new sectors and regions, and scale its platform capabilities.
Dublin-based Assiduous raises €1M to simplify corporate finance for SMEs

1 week ago | tech.eu | Lucy Adams

Assiduous, a capital markets fintech based in Dublin, has secured €1M to accelerate the launch of its AI-enabled Corporate Finance Autopilot, a virtual advisory platform aimed at simplifying access to capital markets for SMEs.The round included private investment from angel investors, with support fromEnterprise Ireland’s High-Potential Start-Up (HPSU) programme.
Synthesia scores Adobe investment as hits $100m ARR "milestone"

1 week ago | tech.eu | John Reynolds

Hyped UK AI unicorn Synthesia has grabbed "strategic investment" from Adobe, as the eight-year-old startup says it has surpassed $100m in annual recurring revenue (ARR). Synthesia, founded in 2017, makes AI-powered corporate videos and has become something of a talismanic company in the UK's burgeoning AI scene. In January this year,it doubled its valuation to $2.1bn, following a $180m funding round.
Scotland launches DeepTech AI to nurture postgraduate founders

1 week ago | tech.eu | Lucy Adams

Scotland has launched a new initiative designed to foster a pipeline of deeptech AI startups built by postgraduate researchers. The programme, called AI Discovery, is being delivered by CodeBase via its Techscaler startup support network, in partnership with the University of Edinburgh, University of Glasgow, and NHS Scotland. The initiative aims to address two key gaps: the limited commercialisation of academic research and the pressing need for scalable innovation in the healthcare system.
UK proptech Homemove raises $5M for house moving platform

1 week ago | tech.eu | Lucy Adams

London-based Homemove, a proptech platform designed to streamline the home-moving process, has raised $5M in a funding round led by Fuel Ventures, with participation from the Blandford Family Office and Oxford Innovation. With the funding, the company will accelerate national expansion, product development, and brand recognition as it continues to digitise one of the most stressful life events: moving house.
Recharge moves into B2B digital rewards market with Giftcloud purchase

1 week ago | tech.eu | John Reynolds

Amsterdam-based fintechRecharge has acquired UK digital gift company Giftcloudas it expands into the B2B digital rewards market. Recharge is a digital voucher and prepaid card fintech that employs around 150 staff. Its partners include Apple and Spotify. It recently secured a €45m debt acquisition facility to help fuel its international M&A activity.
beSirius raises €3M to turn sustainability reporting into actionable data

1 week ago | tech.eu | Lucy Adams

Amsterdam-based beSirius has raised €3M in seed funding to accelerate the development of its sustainability intelligence platform for heavy industries. The round was led by Berlin-based NAP (formerly Cavalry Ventures), with participation from Fund F, Techstars, Blackwood, WEPA Ventures, and Golden Egg Check. beSirius is targeting one of the most complex and carbon-intensive sectors of the economy: metals, mining, and heavy industrial manufacturing.