Portuguese startup Stratio raises €3 million to bolster its AI tech and prevent vehicle downtime

Portuguese startup Stratio – not to be confused with, well, Spanish startup Stratio – has scored €3 million in funding from London-based Crane Venture Partners and LocalGlobe to scale its AI for auto manufacturers, distributors, and fleet owners for preventative maintenance (which the company says comes with a $200 billion price tag in annual expenditure). […]

The UK-based savings chatbot Plum secures $4.5 million

London-founded startup Plum that’s developed what it calls “the world’s first AI-powered personal money management chatbot” has raised $4.5 million in a funding round led by venture firm VentureFriends and the EBRD. The company plans to use the fresh capital to hire more engineers in its offices in London and Athens, as well as work […]

London-based commercial insurtech startup Cytora raises £25 million

Cytora, a British startup that provides AI-powered products for the commercial insurance industry, has landed £25 million in a funding round led by EQT Ventures, with participation from Cambridge Innovation Capital, Parkwalk, and several angel investors. The startup spun out of the University of Cambridge in 2014 to focus on applying AI to commercial insurance. […]

German data anonymisation startup Statice raises “millions” in funding

Berlin-based startup Statice that offers software for automated data anonymisation has raised a “substantial seven-figure financing” round led by Capnamic Ventures, with participation from WestTech Ventures. Statice emerged from Berlin-based company builder WATTx in 2018 with a product that helps businesses “process and analyse sensitive personal data freely and in compliance with data protection regulations,” […]

Israeli “chip health” startup proteanTecs raises $35 million

Israel-founded “electronics health” startup proteanTecs has landed a $35 million funding round from a group of VCs including Avigdor Willenz, Intel Capital, ITI Venture Capital Partners, Mitsubishi UFJ Capital, Redline Capital Management S.A., Viola Ventures, WRVI Capital, Zeev Ventures, and others. This round brings the total amount raised by the company to some $50 million. […]

British retail security startup ThirdEye raises £2 million

London-based AI-powered theft detection startup ThirdEye has secured £2 million in a funding round led by Octopus Ventures and True, with participation from an existing investor, Episode 1 Ventures. The startup will use the capital injection to hire more people and prepare to expand across Europe. ThirdEye’s platform applies machine learning algorithms to footage from […]