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The power of generative AI has further ignited the race for advanced humanoid robots, promising more capable machines that can learn and deal with unknown environments and challenges. Amid increasing competition across the globe, Switzerland-based mimic is also throwing its hat in the ring. The startup has raised a pre-seed round of $2.5mn (€2.3mn) to bring the first GenAI-powered collaborative...
Tilburg-based Mr. Winston has raised €600,000 to further develop its hospitality POS system and expand into more markets. Founded in 2015, the startup provides a cloud-based POS solution that can work on all devices and operating systems such as iOS and Android. The POS also features additional modules, including reservations, QR ordering, and kitchen screens. “This flexibility towards the user...
The EU has granted €3.3mn to a consortium led by Swedish startup Epishine. The group’s mission is to boost the development of organic solar panels. In this case, organic refers to solar panels that are carbon-based. Instead of using silicon to conduct electricity, these solar panels utilise organic molecules. Organic solar cells are very lightweight, cheap, semi-transparent, printable, and...
As I write this, two contrasting regulations on the development of artificial intelligence — namely generative AI — are making their way through the European and British parliaments. The British approach is very simple — looking to ensure AI companies fit into existing laws governing technology companies. In contrast, the EU approach, as White...
A British startup has devised a way to speed-up enhanced rock weathering using protein powder in a potential step forward for the budding carbon capture industry. Enhanced rock weathering (ERW) involves spreading silicate rock dust on fields to capture carbon. When it rains, the dust reacts with the CO2 in the droplets, permanently storing it in the rocks as carbonate (think chalk or baking soda...
Friday is here and so is TNW’s weekly round-up of tech news from our glorious home country. This week saw advances in medtech, quantum breakthroughs, and calls to further boost the Dutch chip industry. Our highlights have you covered, but we’d also love to hear your thoughts on the local ecosystem. Drop us a line if you want to showcase your startup, share a digital tip, or just tell us your...
Estonian mobility startup Bolt has secured a €220mn credit facility as it plans to go public next year. This type of financing is a more flexible loan option, which allows a business to withdraw and repay funds as needed, on an ongoing basis. Kind of like a credit card for companies. The credit facility provides Bolt “with additional flexibility as we work towards being IPO-ready,” CEO and...
Flemish venture capital firm Imec.xpand has raised €300mn to invest in deeptech startups. The VC is a spinoff from Leuven-based Imec, one of the world’s largest microelectronics research institutions. The new fund targets AI, semiconductors, nanotechnology, photonics, and quantum computing. It will also invest in startups working on new ways to diagnose and treat medical conditions. To...
Today’s NHS faces severe time constraints, with the risk of short consultations and concerns about the risk of misdiagnosis or delayed care. These challenges are compounded by limited resources and overstretched staff that results in protracted patient wait times and generic treatment strategies. Staff can operate with a surface level view of patient data, relying on basic medical histories and...
When the EU approved the European Green Deal in 2020, the bloc unveiled a plan to lead the clean energy transition. Yet it has since faced growing competition from both China — which has quickly and quietly buried Europe’s solar panel industry and is now taking aim at its EV market — and the US, which under the Biden administration took an about-face on sustainability with the introduction of the...