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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. Gustafsson will head up the revamped Office for Investment as part of a wider “Whitehall shake-up” designed to bring more money to British shores, the government said. The appointment no doubt...
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 its cell avidity analyser, a machine with the potential to transform the way researchers study and develop treatments for Europe’s second most deadly disease. Lumicks’ tech...
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 job automation. Entrepreneurs are chewing over the business opportunities. And the tech world is discussing what everyone else will be discussing next. Unfortunately, these conversations have also...
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 in 2020, Muybridge has spent the last four years developing real-time computer vision technology that uses software to replace most of the moving parts found in traditional cameras. “Muybridge is one of those...
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, copper, and other materials critical to the clean transition. In April, Rio Tinto committed 14.4mn Australian dollars (€8.8mn) to the accelerator, which will support pre-seed and seed-stage startups over...
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. A team of researchers from the World Weather Attribution initiative reported that this event was driven partly by the climate crisis which was bringing on a 10%-40% intensity in...
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 — with University of Washington professor David Bakker for his work on computational protein design. “This prize represents the promise of computational biology,” Jumper said during a press conference on...
Danish startup Landfolk has launched a visual search engine for holiday homes. Named Daisy, the feature invites users to search for their dream destinations. They can enter endless prompts, from “a luxurious room overlooking the ocean” to “a cosy cabin in the mountains.” After ingesting a query, the feature spits back images linked to properties on the platform. Users can then click-through for...
Dutch-Nordic carbon capture startup Paebbl has raised $25mn as it looks to turn the sector that uses the bulk of the world’s mined materials — the built environment — into a permanent sink for the world’s most potent greenhouse gas — CO2. Berlin-based VC Capnamic led the round, with participation from the likes of Amazon and German cement industry giants Holcim and Goldbeck. Paebbl will use the...
Private capital investment in Belgian startups has exceeded €470mn in the first half of 2024, compared to a total of €424mn in 2023. At the current rate of spending, the country’s tech ecosystem is heading for a record funding year. That’s according to the State of Belgian Tech Report, published today. It combines data from Dealroom, a survey of over 130 startup founders, and interviews with...