OpenAI-backed humanoid robotics firm 1X raises €91.1M to …
Oslo-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.
How to prepare for due diligence: Checklist for startup founders
It involves verifying finances, evaluating the team, analyzing the market, assessing the business model, and other factors that determine the potential of the deal. Here’s what VCs usually want to find out before making an investment. #1. Founders’ background. Early-stage startups don’t usually have outstanding metrics that can help ...
Humanoid robotics company 1X raises €21.8M from OpenAI, Tiger …
Oslo-based 1X Technologies, an engineering and robotics company producing androids capable of human-like movements and behaviours, announced on Thursday, March 23, that it has raised $23.5M (nearly €21.8M) in a Series A2 round of funding.. The OpenAI Startup Fund led the round, with participation from Tiger Global and a group of Norway-based investors, including Sandwater, Alliance Ventures ...
How Winc Academy is making in-demand digital skills accessible
March 25, 2024. News. Winc Academy is an online tech academy for learning in-demand digital skills. At the start of the pandemic, the world not only came to a standstill but also realised that education need not be in person. While online learning was already a thing, the pandemic gave it a boost and welcomed all of us to the world of hybrid ...
Copenhagen Atomics secures €20M to advance thorium nuclear …
Copenhagen Atomics, a Danish company developing mass-manufacturable molten salt reactors (MSR), announced that it has raised €20M in a fresh round of funding to accelerate the development of thorium molten salt reactors.. Thomas Jam Pedersen, co-founder of Copenhagen Atomics, says, “This funding will accelerate our technology development and support our roadmap towards commercial reactors ...
SPEAR Investments to acquire Barcelona’s electric mobility firm …
Barcelona-based QEV Technologies, a company that specialises in electric mobility vehicles, announced on Thursday, July 20, that it is in advanced negotiations with SPEAR Investments I, a Special Purpose Acquisition Company (SPAC) launched by AZ Capital and STJ Advisors.. With this deal, QEV Technologies will be listed on Euronext Amsterdam. The agreement is expected to be signed by the end of ...
Railsbank becomes Railsr: Here’s the rationale behind the rebrand
London-based Railsbank, a fintech company with an open banking API and platform that provides regulated and unregulated companies access to global banking, announced on Tuesday that it has renamed itself as Railsr.. The company also announced the launch of a new rewards programme, indicating that it is ready to design and implement the next step in the consumer financing journey.
London’s Notpla raises €11.7M to develop seaweed-based …
London-based Notpla, a sustainable packaging startup, announced that it has raised £10M (approx €11.7M) in its Series A round of funding.The round was led by Bangkok-based Horizons Ventures. The round also saw participation from existing investors including Astanor Ventures, Lupa Systems, and Torch Capital.
Klarna gets a new London HQ, plans to double UK headcount
Klarna’s announcement follows a year of growth after it reached a $31B (approx €25.73B) valuation following its recent funding round. The company now serves over 14 million consumers and over 13,000 retailers in the UK. With over 200 staff across the country, the new offices will allow Klarna to grow, with plans to double its workforce in ...
What to expect from the Amsterdam startup ecosystem in 2024
The Dutch startups raised €420M in Q1 2023, €525M in Q2, €420M in Q3, and reached a peak of €576M during the final quarter (Q4) of the year, according to the Quarterly Startup Report. The funding reports underlined what has the headlining aspect of the Dutch startup ecosystem – fixing 21st-century problems rather than chasing the hype ...