The European Investment Bank Group debuts new €150 million financing instrument to support European AI tech firms

Earlier today at Web Summit 2020, the European Investment Bank Group (EIB Group) unveiled a brand new financing instrument to support artificial intelligence companies across Europe. The co-investment facility of (up to) €150 million will allow the EIB Group to invest in promising early-stage and growth-stage AI tech companies alongside funds backed by the European […]

KMS Lighthouse tech.eu

KMS Lighthouse acquires Tel Aviv startup Reps AI, recently valued at $20 million

Knowledge management platform KMS Lighthouse has announced the acquisition of fellow Israeli startup Reps AI, which specialises in AI-driven agent and employee assist technology. Although the financial terms are undisclosed, Reps AI achieved a valuation of $20 million during its last funding round in 2019. At present, Lighthouse helps businesses in various industries reduce agent […]

Pimloc tech.eu

UK startup Pimloc raises £1.4 million for technology that anonymises and protects video data

Pimloc, a London-based visual privacy and security company, has raised £1.4 million in a seed funding round led by Amadeus Capital Partners with participation from Speedinvest and existing shareholders. Founded in 2016, Pimloc has built deep learning systems for security video and diverse image collections. The technology helps organisations (both private and public) to manage […]

French startup PandaScore scores €5 million for its AI-powered data platform for esports

Paris-founded startup PandaScore, which provides the fast-growing esports entertainment industry with real-time AI-powered statistics, has raised €5 million in a funding round led by V13 Invest, with prior backer Alven participating alongside sports tech investor KB Partners and aXiomatic Gaming. Collecting data from ongoing esports matches, PandaScore uses its AI tech to sift out and […]

inheart tech.eu

French startup inHEART raises €3.7 million to improve cardiac treatments with medical imaging and AI

French company inHEART, a cloud-based medical imaging solution for cardiac patients, has raised €3.7 million from Elaia and Aquitaine Science Transfert. The funds will be used to accelerate commercial development in Europe, enter the US market and continue product development in artificial intelligence. Commenting on the new investment, CEO and co-founder Jean-Marc Peyrat said, “Elaia […]