In a significant boost for cybersecurity, MELIUS Cyber, a Newcastle-based innovator, has successfully raised £500,000 from the North East Venture Fund (NEVF), bolstered by the European Regional Development Fund and managed by Mercia. This funding aims to enhance their cutting-edge platform, CyberSafe, designed specifically for small and medium-sized enterprises (SMEs) to swiftly identify cyber risks….
In a significant development for the telecommunications sector, Constellation Technologies & Operations has successfully raised €9.3 million in funding to support its ambitious plan for satellite internet connectivity. Founded in 2022 by Charles Delfieux, the startup is on a mission to enable telecom operators to provide high-speed, low-latency internet from space, with a focus on…
In a significant move for sustainable construction, Circuland, a London-based startup, has successfully raised €750k in a pre-seed funding round aimed at enhancing circular economy practices within the construction sector. Led by Apeiron Ventures, with participation from Astylab Ventures, this funding will accelerate Circuland’s product development and expand its team, solidifying its position as a…
In a landmark move for the financial technology landscape, Rogo, a pioneering secure enterprise AI platform tailored for finance professionals, has successfully closed an $18.5 million Series A funding round. This round, spearheaded by Khosla Ventures, also saw participation from notable investors including Mantis VC, Jack Altman (CEO of Lattice and founder of Altman Capital),…
Avassa, a pioneering Swedish edge application management and operations platform provider, has successfully closed a new investment round, welcoming H&M Group as a strategic investor. This collaboration aims to modernize IT operations in brick-and-mortar stores, marking a significant step in the retail sector’s evolution. The advent of edge computing is transforming enterprises by enabling data…
In a significant leap for enterprise technology, xtype has announced the successful completion of a $21 million Series A funding round. The investment, led by Norwest Venture Partners and supported by ServiceNow Ventures, along with returning investors Columbia Capital and Inner Loop Capital, highlights the increasing confidence in xtype’s innovative solutions tailored for the ServiceNow…
In a significant stride towards revolutionizing cloud infrastructure management, Eon has officially launched after a successful stealth phase, securing an impressive $127 million in funding. The company introduces an innovative cloud backup solution designed to streamline backup posture management for enterprises, positioning itself as a frontrunner in the burgeoning cloud infrastructure market. Founded in January…
In a significant advancement for the realm of contract management, Formality, a Paris-based platform specializing in intelligent contract management for clients and suppliers, has announced the successful raising of €8 million in its initial funding round. This round was spearheaded by prominent venture capital firms Partech and Serena, alongside an investment of €2.4 million from…
In a significant boost for the fintech landscape, Amsterdam-based Plumery has successfully raised €3 million in a funding round led by early-stage investor DN Capital and Fontes, managed by the renowned global venture capital firm QED Investors. This latest influx of capital brings Plumery’s total funding to €7 million, positioning the company for an anticipated…
In a significant move poised to reshape the landscape of customer data management, DinMo, a Paris-based Data Activation company, has successfully raised €5 million in funding. This investment will accelerate the development of its innovative Composable Customer Data Platform (CDP), aimed specifically at empowering mid-market businesses to leverage their customer data without the need for…
