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MOSTLY AI launches $100K challenge to advance synthetic data innovation

1 week ago | tech.eu | Cate Lawrence

Austrian synthetic data startup MOSTLY AI has launched a $100,000 prize challenge to create the best synthetic data set from a real data set. The challenge is open to everyone and anyone. Applicants will be judged on how anonymised the data is, how accurately it reflects the original data, usability, and compute efficiency. The goal is to spark much-needed innovation in the synthetic data space — and the winner's code will be open-sourced afterwards for public use.
Altura raises €8M for AI-powered bid management platform

1 week ago | tech.eu | Cate Lawrence

Bid management platform Altura has raised €8 million in Series A funding as it becomes the first to launch autonomous AI agents to help businesses win more public and private sector tenders, particularly as procurement processes grow more complex. Organisations are increasingly turning to formal tenders and Request for Proposal (RFP) processes to reduce procurement risk, with public tenders alone rising by 28 per cent in the UK in the last three years.
UK legaltech Definely secures $30M to boost global reach and AI development

1 week ago | tech.eu | Cate Lawrence

UK legaltech company Definely has raised $30 million in Series B funding to accelerate its global expansion and AI product roadmap. This additional funding brings the total amount raised by Definely since its inception to $40 million. Launched in 2020 by Nnamdi Emelifeonwu and Feargus MacDaei, Definely was born from lived experience, including that of co-founder MacDaeid, who is registered blind after being diagnosed with a degenerative eye condition at age 11.
European Tech.eu Pulse: key trends and investment in May

1 week ago | tech.eu | Cate Lawrence

At Tech.eu we keep track of the investment landscape with data driven insights. Our Tech.eu Insiders enjoy unlimited, exclusive access to all our content, including market-intelligence analysis, reports, articles, and useful insights on tech trends and developments. But we know that a lot of folks interested in tech might not have the funds for a subscription. In response, we're offering compact versions of our monthly reports to all of our readers.
VC spring revival: European tech investment jumps 66 per cent month-on-month

1 week ago | tech.eu | Cate Lawrence

According to the Tech.eu database, in May, European tech companies collectively secured €5.5 billion across 341 deals, a 66.7 per cent increase compared to April’s €3.3 billion across 311 deals. Share Facebook Twitter Linkedin According to the Tech.eu database, in May, European tech companies collectively secured €5.5 billion across 341 deals, a 66.7 per cent increase compared to April’s €3.3 billion across 311 deals.
The Recursive triples revenue and announces new leadership structure

1 week ago | tech.eu | Cate Lawrence

Today, tech media The Recursive announces a new leadership structure to guide its next chapter. Teodor Antonio Georgiev has been appointed Chief Executive Officer, joined by Etien Yovchev and Dilyana Haralanova as Managing Partners. Co-founder and outgoing CEO Irina Obushtarova remains actively involved as a trusted strategic advisor, ensuring continuity of vision and DNA as the company scales internationally. In 2021, The Recursive began with a simple conviction: that stories shape stories.
The state of humanoid robots, Valla increases access to employment law for millions, and Bono on social impact investing

1 week ago | tech.eu | Cate Lawrence

This week we tracked more than 85 tech funding deals worth over €2.1 billion, and over 10 exits, M&A transactions, rumours, and related news stories across Europe. If email is more your thing, you can always subscribe to our newsletter and receive a more robust version of this round-up delivered to your inbox. Either way, let's get you up to speed.
London’s Latent Technology secures $8M to supercharge gaming with generative physics

1 week ago | tech.eu | Lucy Adams

London-based Latent Technology, a gaming company specialising in AI-driven physical animation, has raised $8 million in seed funding. The round was co-led by AlbionVC and Spark Capital, with additional backing from Root Ventures and Alumni Ventures. Latent's central proposition is to replace pre-scripted animations with generative physics-based systems that enable characters and environments to respond in real time to gameplay, allowing for highly personalised gaming experiences.
London-based TG0 partners with NHS to distribute smart prosthetic liner

1 week ago | tech.eu | Lucy Adams

British healthtech TG0 has developed a smart prosthetic liner that uses ultra-soft, wireless sensor materials to monitor pressure and comfort, with the intention of reducing device abandonment rates. The project is addressing a persistent issue in prosthetic use: discomfort. Studies show that 22 percent of prosthetic users abandon their devices, often due to poor fit or pressure-related injuries.
SeedLegals acquires The Pitch to boost UK startup fundraising ecosystem

1 week ago | tech.eu | Lucy Adams

London-based legaltech SeedLegals has acquired The Pitch, the country’s largest pitching competition for early-stage entrepreneurs. The acquisition aims to expand SeedLegals’ support for startups by integrating The Pitch’s established network and events into its broader funding ecosystem. The Pitch has become known for connecting startup founders with investors through live, high-energy pitch events across the UK.