Portugal’s PICadvanced raises €4 million from Verizon for technology that improves broadband access

PICadvanced (PICa), a Portuguese developer of optics and photonics solutions for telecom applications, has raised a €4 million Series A led by Verizon Ventures, with support from 200M Co-investment Fund managed by PME Investimentos. Founded in 2014 and based in Ílhavo, Portugal, PICa has been developing optoelectronic transceivers for a new telecommunications network standard called […]

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New pan-Nordic venture Mainframe Industries joins the game with €2 million seed

Mainframe Industries, a pan-Nordic game venture with studios in Helsinki and Reykjavik, launched today with a €2 million seed round from early-stage tech and gaming investors such as Maki.vs, Play Ventures, Crowberry Capital, and Sisu Game Ventures. Thirteen veteran game developers bound together to create Mainframe Industries, with a shared mission to create the first […]

Nokia gets a €250 million loan from NIB for 5G research in Europe

Finnish telecommunications company Nokia has secured a €250 million loan from the Nordic Investment Bank (NIB) for its research and development related to 5G products until 2020, concentrating particularly on “developing new 5G-related end-to-end product offerings for different business areas,” the company stated in a press release. The loan has an average life of five […]

Samsung acquires Barcelona-based Zhilabs to grow its 5G capabilities

Barcelona-based Zhilabs, an AI-based network analytics and customer experience management startup, has been acquired by Samsung Electronics for an undisclosed amount. The acquisition will help Samsung to expand its 5G offerings in automation and network analytics. In the 5G era, AI-based automation will play a central role in the introduction of new services such as industrial […]

France’s VSORA raises $1.7 million for its 5G signal processing tech

VSORA, a company working on 5G, has raised $1.7 million in Series A funding from Omnes Capital and Partech Ventures, alongside a number of angel investors. The Paris-based company develops digital signal processing (DSP) technology for chips used in 5G networks, which are fast approaching and under heavy development by the world’s telecoms giants. The […]

Nokia invests in French R&D body bcom to advance 5G development

Nokia has announced an investment in French research and development centre bcom to advance the development of 5G. No figures have been disclosed. From this month Nokia Bell Labs and bcom’s network and security team will begin developing their 5G strategies for the future. According to bcom’s statement, its teams will be collaborating with the […]