Munich-based startup OroraTech has secured €25mn in funding to scale up its AI-powered wildfire detection system. Korys, the investment arm of the Colruyt’s — a Belgian noble family — led the funding…
Month: October 2024
Italy’s D-Orbit lands €119M ESA contract to service satellites in space
The European Space Agency (ESA) has signed a €119mn contract with Italian scaleup D-Orbit for its first in-orbit servicing mission, RISE. Scheduled for launch in 2028, RISE will attempt to rendezvous with,…
Taiwan’s TSMC is planning more chip fabs in Europe
In what could be a big win for the EU’s chip industry, Taiwan’s National Science and Technology Council Minister, Wu Cheng-wen, says TSMC is planning to further expand operations in the bloc….
Ex-Darktrace boss Poppy Gustafsson named UK investment minister
Poppy Gustafsson, the co-founder and former CEO of UK cybersecurity darling Darktrace, has been named Britain’s new minister of investment as the new Labour government looks to win favour with big business….
EU backs Dutch scaleup Lumicks to fast-track discovery of cancer treatments
Amsterdam-based scaleup Lumicks has secured €20mn from the European Investment Bank (EIB) to accelerate the discovery of immunotherapy drugs for cancer. The venture debt funding will help Lumicks further develop and market…
TNW Conference 2025 theme spotlight: AI and Deeptech
Debates about AI are everywhere these days. Families are chatting about its impacts on their lives. Politicians are deliberating over the laws that oversee it. Workers are talking about the risks of…
Norwegian startup Muybridge emerges from stealth to ‘reinvent’ the camera
Deep tech startup Mybridge has emerged from the shadows with an €8mn investment to fuel its objective — to revolutionise the way we take photos. Founded by Håkon Espeland and Anders Tomren…
Rio Tinto backs six startups in high-tech bid for cleaner mining of lithium, copper
British VC fund Founders Factory has launched the Mining Tech Accelerator in partnership with Rio Tinto, as the metals giant seeks to find better ways to cash-in on surging demand for lithium,…
Why Dubai-based VCs are looking to invest in European climate tech
Rising temperatures and unpredictable weather patterns have become a pressing concern within the UAE. In April, Dubai experienced its heaviest rainfall in 75 years over a 24-hour period, triggering floods and chaos….
AI is changing science: Google DeepMind duo win Nobel Prize in Chemistry
Google DeepMind scientists Demis Hassabis and John Jumper today won this year’s Nobel Prize in Chemistry. The duo will share the prestigious prize — seen as the pinnacle of scientific achievement —…