Here is what happened today in European tech:
- London-based AI firm Edgify has secured a $6.5 million seed funding round, as it seeks to expand work processing data generated at so-called “edge” devices. The round was led by Octopus Ventures, Mangrove Capital Partners and an unnamed semiconductor “giant,” according to the company.
- EIT Innoenergy has committed a €3 million investment into Berlin-based urban mobility startup ONO, which will receive the funding over the next two years in preparation for a Europe-wide launch that’s set for 2022.
- We also tracked a large number of (other) European tech funding rounds and M&A transactions, all of which we are putting in a handy list for you on Friday afternoon in our weekly roundup newsletter (note: the full list is for paying customers only). Also check out our European tech news section for ongoing coverage.
- European Union regulators are reportedly making a 'hit list' of up to 20 large Internet companies, potentially including Facebook, Apple, Amazon and Google, that will be facing new and tougher rules aimed at curbing their market power.
- An agreement on how the likes of Amazon and Google should be taxed worldwide has been delayed until the middle of next year, negotiators conceded today.
- Microsoft is reportedly considering to invest $500 million in the Ukrainian cloud market.
- The UK government should use the influence it has over Amazon through £630m of state contracts to compel the company to improve conditions for workers, trade unions have said.
- Invest Europe, the association representing Europe’s private equity, venture capital and infrastructure sectors, today published two new reports demonstrating private equity’s long-term outperformance of public equities.
- The European Commission should not grant the UK a data adequacy agreement as part of its ongoing assessment of the country’s data protection landscape, an Irish civil rights group has said.
- The number of people applying for the UK’s Tech Nation visa — which allows individuals to work in the country’s tech sector — was at its highest level in September since the system was launched in 2014.
- Latvian peer-to-peer lender TWINO said it booked a net profit of €4.4 million euro last year, and its service reached the milestone of (‘at least’) €500 million worth of funded loans in 2019.
- A report published today by the Council of Europe identifies a number of shortcomings in the protection of privacy and personal data in some of the legal and technical measures adopted by governments to prevent the spread of the COVID-19 pandemic among the 55 African, Latin-American and European countries which have joined the data protection “Convention 108”.
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