UK’s NexGen Cloud announces $1B investment in Europe’s first AI ...
WEBUK-based NexGen Cloud, a sustainable Infrastructure-as-a-Service provider and an elite member of the NVIDIA Partner Network, announced on Wednesday that it plans to invest $1B (approximately €947.32M) to build one of Europe’s first AI Supercloud deployments.. The firm has already committed $576M to hardware orders with suppliers. This investment aims to support the development and growth ...
Former Citadel Securities leaders launch Portofino Technologies to ...
WEBSep 16, 2022 · Former Citadel Securities leaders, Leonard Lancia and Alex Casimo, announced on Thursday, September 15, that they have launched a new tech company, Portofino Technologies, and have raised over $50M (approximately €50M) in equity funding from Valar Ventures, Global Founders Capital, and Coatue Management. Originally established in 2021, Portofino is building financial infrastructure ...
Climate tech startup 1KOMMA5° secures €430M to reach €1B …
WEBThe German startup has raised €430M in a Series B round that helped it reach a valuation of €1B in just 23 months. According to Dealroom, climate tech is one of the fastest growing as venture capital is shifting focus to new emerging segments. The deal announced today by 1KOMMA5° shows how impact startups helping meet UN’s sustainable ...
Combining AI & MRI: German deep-tech startup Orbem raises …
WEBGerman deep tech startup Orbem has raised €30M in its Series A funding round. With this investment, Orbem aims to harness AI to industrialise accessible, cost-effective, and efficient MRI technology.. The investment was led by venture capital firm 83North, with support from new investor La Famiglia and existing investors The Venture Collective, Possible Ventures, and Dr. Rüdiger Schmidt.
OpenAI-backed humanoid robotics firm 1X raises €91.1M to …
WEBOslo-based 1X Technologies, an AI and robotics company producing androids capable of human-like movements and behaviours, announced that it has secured $100M (approximately €91.14M) in a Series B round of funding.. In March 2023, 1X raised $23.5M in a Series A2 round of funding. The company, backed by OpenAI and Tiger Global, has now raised over $125M in under a year after its Series A funding.
Founders on Funding: Sirius' Anastasia Kuskova - Silicon Canals
WEBAmsterdam. Anastasia co-founded Sirius in 2022 to rewrite how metal companies drive impact. Every company on the planet right now wants to be sustainable but it isn’t easy. Anastasia Kuskova knows this better than most. While leading sustainability at a $10B metal company, she constantly fought with the complexities of managing sustainability ...
UK-based sustainability startup Signol secures €2.9M - Silicon Canals
WEBLondon-based Signol, a sustainability startup that uses behavioural science to decarbonise hard-to-abate industries, has secured £2.5M (approximately €2.96M) in a seed extension round funding led by TMV, a New York-based VC firm.. The UK-based company’s tech-driven service focuses on engaging the human workforce in hard-to-abate industries to maximise emission reduction opportunities ...
Dutch-based Umincorp raises €15M to build a new plastic …
WEBUmincorp, the Dutch recycler of plastic waste, has raised €15M for its innovative plastic recycling plant.With Rotterdam having set an aggressive goal to become a circular economy, Umincorp (Urban Mining Corp) will play a key role in transforming all the plastic waste into raw materials.
Silicon Canals’ Editorial Team
WEBSilicon Canals was founded by Remco Janssen in 2014. The current editorial team, led by editor-in-chief Rahul Raj since 2020, consists of seasoned technology journalists with decades of experience covering technology news for publications such as Inc42, Digit, Indian Express, Times of India, Entrepotion, Gizbot, TFN, FoneArena, and Tech in Asia.
Kiko Ventures launches new £375M cleantech fund - Silicon Canals
WEBLondon-based Kiko Ventures, launched by IP Group that claims to be the world’s first evergreen cleantech VC, announced on Wednesday that it has raised £375M (approximately €436.65M) to back ‘transformative cleantech startups’. The development comes as global investment in cleantech reached …