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May 2023: Deals, exits and Tech.eu Summit highlights
Builder.ai builds up $250 million, Eduflow goes with the acquisition flow, and more than €883 million was invested in European Tech last week
Ripple buys Metaco in $250 million deal, Wefox adds another $110 million, and more than €984 million was invested in European Tech last week
Driveco drives home €250 million, Ōura acquires Proxy, and more than €1.3 billion was invested in European Tech last week
Lilium is raising $250 million, VentureWave laps up Funderbeam, and more than €467 million was invested in European Tech last week

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Industrial Tech

Trace Space's plan for AI industrial software raises the founders $1.5 million — all without an MVP

Today Trace.Space, makers of AI-enabled…

Trace Space's plan for AI industrial software raises the founders $1.5 million — all without an MVP

Cate Lawrence 14 February 2023

Allowing hardware engineers to team more effectively, Flow Engineering raises $8.5 million seed round

Flow Engineering, a UK-based hardware…

Allowing hardware engineers to team more effectively, Flow Engineering raises $8.5 million seed round

Callum Cyrus 06 December 2022

Bringing Explainable AI to the construction industry, Munich’s Conxai raises €2.7 million

Focusing on the architecture, engineering, and…

Bringing Explainable AI to the construction industry, Munich’s Conxai raises €2.7 million

Dan Taylor 10 January 2022

Engineering simulation platform SimScale adds €25 million to Series C funding

Munich-based Saas platform for engineers SimScale has announced the addition of €25 million to…

Engineering simulation platform SimScale adds €25 million to Series C funding

Dan Taylor 28 October 2021

AI-powered engineering platform Monolith raises £8.5 million

Learning from the old, and predicting the next, AIE (artificial intelligence engineering)…

AI-powered engineering platform Monolith raises £8.5 million

Dan Taylor 23 August 2021

Nodes and Links raises £7.9 million, aims to bring projects home on time, on budget

Nodes and Links uses AI to minimise human error…

Nodes and Links raises £7.9 million, aims to bring projects home on time, on budget

Dan Taylor 01 July 2021

Features/Profiles

Glovo appoints CTO Narek Verdian to hire 200 engineers and develop dark store tech

Glovo, one of Europe’s biggest on-demand…

Glovo appoints CTO Narek Verdian to hire 200 engineers and develop dark store tech

Annie Musgrove 04 February 2021

Tesla acquires German engineering powerhouse Grohmann to ramp up manufacturing

Electric car and energy storage system maker Tesla has acquired Prüm, Germany-based engineering…

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Robin Wauters 08 November 2016

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