Roman cybersecurity company Exein nets €6 Million in new funding


Rome-based IoT cybersecurity firm Exein has raised €6 Million in a Series A funding round. Operating on an open-source model, Exein specialises in and provides cybersecurity solutions for IoT devices at the firmware level. The new funding is expected to propel the company’s product expansion, with a particular focus on Industrial, Automotive, and Medial IoT devices, and the expected recruitment drive that will accompany this expansion.

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In-car payments app ryd receives €10 million via bp ventures

Car payments

ryd, the flagship product from Bavarian IoT specialist ThinxNet, has received a €10 million investment from bp ventures. The payment solution can be used for fuel purchases, EV charging, and even car washing either via an app or smart car integrations. The investment is meant to assist ryd with entries into new European markets.

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Y Combinator backed Turing College secures $1.05 million in additional seed funding

Turing College

Y Combinator (W21) backed Turing College has raised an additional $1.05 million in seed funding. The Vilnius-based school has proven its training methods to be efficient and effective, and with the additional capital, plans to expand into the Dutch and Estonian markets. To date, Turing College has raised a total of $2.5 million.
Founded in 2020 by Lukas Kaminskis, Benas Sidlauskas, and Tomas Moska, 70% of Turing College’s staff are data science experts themselves and are directly addressing a frightening statistic. According to The European Data Market Monitoring Tool, “We estimate a potential data skills gap of approximately 484,000 unfilled positions in the EU27 by 2025, corresponding to 5.7% of total demand, as demand will still grow faster than supply.”
While constructed around a self-paced model, Turning College estimates coursework to conclude in approximately 9 months. Upon graduation, the company has hiring partnerships in place with a number of major players in the tech, biotech, cybersecurity, and aviation industries and provides active assistance in putting students’ new knowledge to good use.
The first learners began classes in November of last year, and 3 different batches, totaling 70 students from Lithuania, the Netherlands, Serbia, Ireland, Nigeria, and Latvia are now active. According to Turing College, 21% of these students have already secured gainful employment upon completion of their studies.
“Our learning platform is now developed and successfully road-tested. This means it is now time to bring our offering to other countries across Europe. Initially, we will be focusing on the Netherlands and Estonia. Because we arecommunity-based, and (conditions permitting) our program includes physical meetups and social events, rolling out our offering means building new communities of learners in the countries we are expanding to,” commented CEO and co-founder Lukas Kaminskis.
The additional seed funding round was led by Iron Wolf Capital and saw participation from Spring Capital as well as a number of angel investors including Juan Benet, founder of Protocol Labs, and Outschool co-founder Mikhail Seregine.

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Research as a service provider Atheneum raises £110 million


On-demand market research and intelligence service Atheneum has raised £110 million in a funding round led by Guidepost Growth Equity. Experiencing a surge of demand in 2020, the new funding is expected to quadruple the London office headcount to 200 employees, as well as push forward global expansion plans, beginning with the US.

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Unconscious bias remover Develop Diverse secures €2.5 million investment

Develop Diverse

Copenhagen-based Develop Diverse has secured a €2.5 million investment from Seed Capital and angel investor Michael Halbye. The startup has developed an AI-powered software solution that helps companies craft recruitment and employer branding collateral that removes unconscious bias. The new funds will be used to further product development as well as accelerate commercialisation plans.

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Privacy-focused search and discovery browser Xayn raises $12 million

Xayn - Leif-Nissen Lundbæk

Berlin-based search engine/discovery feed/mobile browser startup Xayn has raised $12 million in a new funding round. The company expects to use the new capital to propel further product development, as well as begin expansion plans in the Asian market, commencing with Japan. To date, the firm has raised in excess of $23 million.

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Helping sales teams close more deals, bao raises €2.5 million in seed funding

Bao AI

Conversational intelligence platform bao (be-as-one) has raised €2.5 million in a seed round. The Munich-based service aims to help sales teams engage prospects in better conversations, resulting in higher conversions and more closed deals. The firm has raised €3.5 million to date. Founded in 2017, bao  uses speech recognition technologies to lead sales reps through calls by analysing conversations in real-time.

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Robot operated, nano-warehousing provider Noyes Technologies raises $3.8 million

Noyes Technologies

Specifically designed to be used in urban markets, Munich’s robotic warehousing maker Noyes Technologies has raised $3.8 million in seed funding. Noting the growing trend of consumers’ expectations of ever-faster delivery times, Noyes is aiming to provide a fully automated distribution solution in advance of market demand. The funding is expected to be used to accelerate product roll-out as well as further develop the company’s flexible robotic warehousing technology.

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After 22 years, Translated takes on first-ever funding at $30 million


Rome-based translation service Translated has taken on $30 million in funding. $20 million of the funding arrives from one of Europe’s largest private equity funds, Ardian. Translated pioneered the use of AI to assist professional translators, and today leverages a combination of its proprietary adaptive neural machine translation software and a network of over 200,000 linguists to service clients including the European Commission, Airbnb, Google, and Uber.

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London’s AI-powered accident and disaster recovery platform Tractable raises $60 million in Series D round, joins the unicorn club


London-based accident and disaster recovery platform Tractable has raised $60 million in a Series D funding round led by Insight Partners and Georgian. Partnering with a leading insurer in Japan, Tractable will also use the funding to apply its technology to home-based claims. Over the course of 9 fundraising rounds, the firm has bagged $119.9 million and is now valued at $1 billion. As of today, Tractable becomes the UK’s first computer vision unicorn.

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