Forbes Cyprus The Future of Fintech Summit’s Post

#fundingalert 💼Company: Iris.ai 💰Funding: €7.64 Million  ⚡Round: New Round 👥Investors: Silverline Capital One of the top startups in the world for artificial intelligence (AI) technology research and development is Iris.ai. The start-up, which was established in 2015, provides an AI engine for scientific text comprehension that has won awards. Iris.ai intends to use this financing to further develop the RSpace, its flagship product. Iris.ai created a way for the RSpace to assess the factual quality of its outputs in 2023, and with the financing, it plans to further enhance the platform's factual capabilities, allowing researchers at universities and businesses to work more efficiently. Evgeny Angelov, Anita Schjøll Abildgaard, Victor Botev, Jacobo Elosua, Maria Ritola Read more - https://lnkd.in/gtzkTfCF To share your startup story write us on - contact@startuprise.co.uk #Irisai #development #artificialintelligence #technology #funding #fundingnews #news #startup #startupnews #startuprise

𝟏 𝐢𝐧 𝐞𝐯𝐞𝐫𝐲 𝟐 𝐞𝐮𝐫𝐨𝐬 𝐢𝐧𝐯𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐲𝐨𝐮𝐧𝐠 𝐬𝐭𝐚𝐫𝐭𝐮𝐩𝐬 𝐢𝐬 𝐠𝐨𝐢𝐧𝐠 𝐭𝐨 𝐀𝐈 💸 In 2024 in Europe, young startups (launched in 2023 or 2024) have raised an impressive €𝟑.𝟏 𝐛𝐢𝐥𝐥𝐢𝐨𝐧! 💰 What's even more remarkable is that 𝟓𝟏.𝟓% of this funding is going to companies leveraging AI as their core technology, despite AI startups only accounting for 𝟗.𝟖% of the total funding rounds. The top deals highlight the trend: 🇫🇷 Mistral AI: €600 million (Series B & debt) 🇫🇷 poolside: $500 million (Series B) 🇫🇷 H Company (formerly Holistic AI): $220 million (Seed round) These 3 companies alone represent an amazing 𝟒𝟎% of the total funding for this cohort! 🌍✨ With the 🇬🇧 leading in deal count and 🇫🇷 dominating in total funding, Europe is clearly becoming a hub for innovation and investment in AI! 🔥💡 Source: sifted

In the first half of 2024, #artificialintelligence #startups attracted unprecedented investment, securing nearly $40 billion in funding. Notably, five of the six mega-rounds exceeding $1 billion were captured by #AI innovators. Meanwhile, 35 US-based AI startups achieved significant milestones, raising over $100 million each. MIT’s thriving ecosystem is a powerhouse for #innovation, #entrepreneurship, and #venture creation, nurturing visionary ideas and transformative technologies. During tomorrow's BIG AI@MIT event, we'll be showcasing 10 handpicked, high-potential startups from the #MIT ecosystem, each boasting proprietary AI models poised to #disrupt and capture value across diverse industries. As vanguards of technological progress, early-stage companies drive #business, societal, and economic advancement. Session lead and moderator: Sebastian Barriga Companies: Aptamino Atacama Biomaterials catalan.ai Ikigai Klarity Lamarr.AI Monitaur StackAI Unbox AI Vertical Horizons Looking forward to taking a glimpse into the future of AI and discover the pioneering spirits shaping tomorrow’s landscape. This event is co-hosted by MIT Initiative on the Digital Economy, Accenture, and Thinkers50.

London’s startup scene in 2024 is thriving! 🚀 It’s refreshing to share some good news amidst challenging times. With major breakthroughs in AI, health, and clean energy, the city’s most exciting startups are securing game-changing investments, proving it’s not all doom and gloom. 🌟 In the world of AI, startups like Shimmr AI and Scooch Pet 🧠🐾, recognized as AI Startups of the Year, are making waves with their cutting-edge solutions that are revolutionizing industries. 💡 Meanwhile, the health tech sector is buzzing, with companies like Relation Therapeutics 🧬 raising substantial capital to enhance drug discovery and healthcare innovation. The biotech space is thriving, showcasing London’s commitment to advancing life sciences and medical tech. The race to net zero 🌍 is also driving massive investments in clean energy. Startups like Mission Zero ⚡ are leading the way in carbon capture technology, having secured a remarkable £21.8 million. These innovations highlight London’s pivotal role in fostering sustainable energy solutions. 🌱 With over 150 unicorns and even more “soonicorns” 🦄, London’s startup ecosystem is proving resilient and vibrant. These exciting companies are not only shaping the future of technology but also driving the city’s economy forward. 🎉 Congrats to all the hottest startups of 2024! We can't wait to see what the future holds for AI, health, and energy. The journey is just beginning! 💼🌟 At Kinetech, we’re here to support your growth. Whether you're scaling your AI-driven platform, revolutionising healthcare or building out your green energy solutions, reach out if you need help finding the right talent to take your business to the next level. 💼👥 https://lnkd.in/e3jP29eG #PositivityInTech #TalentForGrowth

#NextRound.ai #AIStartups #NEAFunding NextRound.ai, a trailblazing AI startup founded by tech industry veteran Anna Patterson, has recently secured substantial funding from NEA, underscoring the growing interest in ceramic-based AI technology. With the support of NEA, NextRound.ai is well-positioned to drive innovation and growth in the AI tech sector. The strategic investment from NEA not only provides a significant financial boost to NextRound.ai but also validates the exciting potential of ceramic-based AI technology. Anna Patterson’s leadership and expertise further solidify NextRound.ai's position as a key player in the evolving landscape of AI startups. For founders looking to secure funding for their startups, NextRound.ai’s success story serves as a beacon of inspiration. By embracing cutting-edge tech and forging strategic alliances, startups can attract major investors and propel their ventures to new horizons. The journey of NextRound.ai underscores the importance of vision, perseverance, and collaboration in the fundraising journey, offering valuable insights for aspiring entrepreneurs in the tech field. To explore more insightful content and stay updated with NextRound.ai's transformative initiatives, visit our blog at https://nextround.ai/blog/. #InnovationInTech #StartupFunding #AIRevolution ☝🏽📍💰📎✅🌤️

Curious about the GenAI revolution in startups? 💡 Last week we hosted a full-house launch event of hubraum's GenAI Study, in partnership with Startup-Verband. Moderated by Alexander Hirschfeld (Head of Research at the Startup-Verband), the report’s biggest findings were discussed by our panelists: Axel Menneking (Head of hubraum), Dr. Annika von Mutius (Co-Founder & Co-CEO at Empion), Nicole Büttner (Founder & CEO at Merantix Momentum), Dr. Hamed Ketabdar (AI Lead at Deutsche Telekom & Lecturer at Technische Universität Berlin). In light of Gen AI's profound impact in the last years, this study was conducted to grasp its implications into the source of this revolution: the startups. Here some of the key discoveries that were presented: ⚫️ 76% of all startups are early adopters and use GenAI tools in everyday life, while only 3% of established companies see GenAI as an essential part of their work processes. ⚫️ The US dominates Gen AI investment, 12 times more capital is invested in GenAI startups per capita than in Germany. ⚫️ Despite funding challenges, Gen AI startups flourish, with a 363% surge in investment. ⚫️ Startup skepticism towards AI regulation persists, hindering innovation. 🎥 Would you like to watch the full event and listen to our speakers’ perspectives? Here’s the full Youtube video: https://lnkd.in/euwUy4FQ 📖 If you’d also like to see the full study - tap into the numbers, trends, and other findings - you can download it here both in English & German: https://bit.ly/44dV7Jq #GenAI #Startups #Founders ##ArtificialIntelligence #Tech #StartupInvestment #TechReport #StartupInsights #Research #AIStartups #TechnologyTrends

London’s startup scene in 2024 is thriving! 🚀 It’s refreshing to share some good news amidst challenging times. With major breakthroughs in AI, health, and clean energy, the city’s most exciting startups are securing game-changing investments, proving it’s not all doom and gloom. 🌟 In the world of AI, startups like Shimmr AI and Scooch 🧠🐾, recognized as AI Startups of the Year, are making waves with their cutting-edge solutions that are revolutionizing industries. 💡 Meanwhile, the health tech sector is buzzing, with companies like Relation 🧬 raising substantial capital to enhance drug discovery and healthcare innovation. The biotech space is thriving, showcasing London’s commitment to advancing life sciences and medical tech. The race to net zero 🌍 is also driving massive investments in clean energy. Startups like Mission Zero Technologies ⚡ are leading the way in carbon capture technology, having secured a remarkable £21.8 million. These innovations highlight London’s pivotal role in fostering sustainable energy solutions. 🌱 With over 150 unicorns and even more “soonicorns” 🦄, London’s startup ecosystem is proving resilient and vibrant. These exciting companies are not only shaping the future of technology but also driving the city’s economy forward. 🎉 Congrats to all the hottest startups of 2024! We can't wait to see what the future holds for AI, health, and energy. The journey is just beginning! 💼🌟 At Kinetech, we’re here to support your growth. Whether you're scaling your AI-driven platform, revolutionising healthcare or building out your green energy solutions, reach out if you need help finding the right talent to take your business to the next level. 💼👥 https://lnkd.in/gU6XvmGW #PositivityInTech #TalentForGrowth

🚀 Europe’s Young Startups Are Fueling an AI-Powered Funding Boom in 2024 In 2024, Europe’s youngest startups — those founded just last year or this — have attracted a massive €3.1B across 687 deals. And here’s the standout stat: more than half of that capital is flowing to companies built on AI. 🧠✨ Key drivers of this trend include high-profile megarounds such as: • Mistral raising €468M across Series B and debt financing • Poolside securing a $500M Series B • H (formerly Holistic AI) kicking off with a remarkable $220M seed round Even when excluding these massive rounds, AI startups lead the pack in both deal volume and funding — showing just how central AI has become to European innovation. But it’s not just about the tech; it’s also reshaping the geographical landscape of Europe’s tech scene: • France has emerged as the top destination, capturing a notable 52% of capital for young tech companies. • Traditional leaders like the UK remain active, while Switzerland, Germany, and Sweden also stay competitive. 📈 Takeaway: For founders, investors, and operators, AI is clearly not just a buzzword but a core driver of Europe’s tech funding environment. And for VCs and LPs, paying attention to these shifts can reveal new opportunities in AI innovation, especially in hubs like France, where capital concentration is highest. #venturecapital #startupinvestments #startupwiseguys

Day 1 of the BMI Think Tank Study Trip 2024: Exploring Impact Through Deep Tech   This year, our Think Tank study trip is focused on the transformative power of deep tech, starting in the vibrant city of Montreal and later this week continuing on to Boston. Our goal for 2024 is to immerse ourselves in both ecosystems, contrasting their unique approaches to innovation and exploring strategies to enhance technology adoption from research into impactful, real-world applications.   Our journey began at Mila - Quebec Artificial Intelligence Institute, where Robson Beaudry introduced us to Mila's pioneering research in artificial intelligence and their focus on fostering AI adoption across industries. Mila is a key player in accelerating AI’s impact on business and society.   Next, we joined Guillaume Chicoisne and Jean-François Bruneau from IVADO, an organization dedicated to connecting research, industry, and startups with top talent in AI. Their insights provided us with a deeper understanding of how Montreal’s ecosystem leverages collaborative networks to drive innovation across sectors.   In the afternoon, we spent valuable time at Centech Mtl, a leading incubator for deep-tech startups, where we engaged with Julian Lucchesi, M.Eng. and Richard Chénier from Québec Tech. They shared insights on Montreal’s entrepreneurial ecosystem and the support structures in place for startups and entrepreneurs.   Finally, we were welcomed by representatives from the City of Montreal: Nicolas Marino MSc, Maha Berechid, Xavier Paillon, MBA, Valérie Poulin, and Jean-Christophe Sinclair. They gave us an overview of Montreal’s economic development initiatives and unique factors that make Quebec a standout in North America’s innovation landscape.   We are truly grateful for these insightful and inspiring encounters. A special thanks to the startups at Centech who generously shared their ideas with us – your innovation and dedication are inspiring!   #Innovation #DeepTech #Montreal #Entrepreneurship #BMIThinkTank #TechAdoption #ArtificialIntelligence #Ecosystem #EconomicDevelopment #ResearchToMarket #TechStartups

📣 Save your spot now: 10 AI startups will pitch for you 📣 Everyone who wants to be up to date on AI is here: On April 17th, the AI.STARTUP.HUB invites you to the Graduation Day. An event dedicated to Artificial Intelligence and our Winter Batch 23/24 startups. 👉 Register now and make sure you get a seat for the final pitches of our Accelerator and Ideation teams: https://lnkd.in/eeZ4YQuQ 🔥 There will also be a Fireside Chat powered by German Accelerator on the topics of internationalization and latest AI developments. Don't miss out on this! 🍹Drinks and snacks will be provided. We look forward to seeing you there! 💡 Find more information about the event: https://lnkd.in/epTAZySh #AIStartupHub #WinterBatch2324 #StartupHamburg #IdeationProgram #AcceleratorProgram #GraduationDay #Hamburg #StartupSuccess #StartupSupport #StartupFunding #Startups #AI #Gründer #Gründerinnen #Gründen #Founder #Founding #Gründerszene #StartupSzene #Accelerator #Pitch