NATO backs UK startup building ultralight materials for rockets, fighter jets — and F1 cars

NATO’s Innovation Fund has co-led a $22.5mn (€21mn) investment into iCOMAT, a UK startup building ultralight composites for the aerospace, automotive, and defence sectors. NATO’s fund has a budget of…

Continue ReadingNATO backs UK startup building ultralight materials for rockets, fighter jets — and F1 cars

Sports tech startup targets ‘100% AI automation’ in streaming and analytics

A Swedish startup plans to bring automated sports streaming to the masses after raising $20mn to enhance its AI camera system. The Malmö-based Spiideo produces a suite of tools for…

Continue ReadingSports tech startup targets ‘100% AI automation’ in streaming and analytics

Macron: French AI can challenge ‘insane’ dominance of US and China

French President Emmanuel Macron has called for his country’s AI leaders to challenge the “insane” dominance of US and Chinese tech giants. Macron’s plea comes amid a boom period for…

Continue ReadingMacron: French AI can challenge ‘insane’ dominance of US and China

AI translation unicorn DeepL reaches $2B valuation with new $300M investment

DeepL, the Cologne-based unicorn that has been rivalling machine translation giants such as Google Translate, today announced a new investment of $300mn (€277mn), reaching a $2bn valuation. Born from online…

Continue ReadingAI translation unicorn DeepL reaches $2B valuation with new $300M investment

Swiss startup creates modular device for on-demand cell therapy manufacturing

Switzerland-based Limula today announced a raise of $6.8mn (€6.2mn) to further develop its technology, which aims to automate cell therapy manufacturing. Gene and cell therapies have emerged as a promising…

Continue ReadingSwiss startup creates modular device for on-demand cell therapy manufacturing