Aleph Alpha aims to ensure European AI digital sovereignty, raises €23 million

AI R&D and deployment firm Aleph Alpha has raised €23 million in a new funding round. The Heidelberg-based company produces large-scale, multilingual, AI models that are designed to serve any number of applications. The funding is expected to further accelerate the development of these models, with the higher goal of securing European AI technology digital […]

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

Rome-based translation service Translated has taken on $30 million in funding. $25 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 […]

AI-powered insurance pricing automation platform Akur8 raises $30 million

Akur8, who uses a proprietary “Transparent AI” to automate insurance pricing, has landed $30 million from BlackFin Capital and MTech Capital in order to help actuaries and pricing teams make better, faster decisions. To date, Akur8 has raised $42 million. Founded in 2018 by Guillaume Beraud-Sudreau and Samuel Falmagne, Akura8 automates the generation of pricing […]

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. The company reports that the new funding will be used to further focus on its core business, auto accident recovery. Partnering with a leading insurer in Japan, Tractable will also use the […]

Karlsruhe-based AI text processing SaaS thingsTHINKING raises €4.5 million in seed round led by Earlybird

Deeptech AI startup thingsTHINKING has raised €4.5 million in a funding round led by Earlybird which saw participation from a number of angel investors. The company’s offering, semantha, moves the needle on textual processing by providing out-of-the-box functionality, bypassing the dreaded training phase for AI-based applications. “With semantha, domain experts can finally educate an AI […]