Nabla Names Brian Manning as New CEO in Leadership Transition
Nabla announced a leadership transition, with founder Alexandre Lebrun handing over the CEO role to Brian Manning.
Sophie Renard
Mistral AI pursues €3 billion Series D at €20 billion valuation with EU backing
French AI startup Mistral AI is pursuing a massive €3 billion Series D financing, potentially led by the EU Scaleup Fund, pushing its valuation to about €20 billion and positioning the company as Europe’s answer to Palantir.
French AI Startup Raise Summit To Be Acquired, Marking Consolidation in European Tech Sector
The article reports that the AI startup Raise Summit is set to be acquired, indicating that the time for a takeover has already arrived.
Swiss SpaceTech Startup SWISSto12 Secures €70 Million in Funding Round
SWISSto12, a Swiss space technology startup, secured €70 million in financing to accelerate its development and market expansion.
Belgian AI Drug Discovery Startup Sightera Biosciences Secures €3 Million Pre-Seed Funding
Belgian tech‑bio startup Sightera Biosciences raised €3 million in a pre‑seed round led by Entourage, with participation from Anacura and QBIC, to scale its AI‑native platform that uses patient‑derived samples for oncology and fibrosis drug discovery.
Ventech backs Grenoble-based Engo’s connected sports glasses ambitions
Engo, a startup from Grenoble, has impressed venture capital firm Ventech with its connected sport glasses, leading to a new investment round.
Major Publishers Challenge Google Over Unauthorized Use of Books in Gemini AI Training
French publisher Hachette, US-based Cengage Learning, and Dutch publisher Elsevier have filed a lawsuit against Google, alleging that the company used their books to train the Gemini AI without authorization from authors or publishers. The case highlights the legal gray area around AI training data, particularly in the US where copyright protections are less restrictive.
Scaleway Wins Major Cloud Contract with Aerospace Giant Airbus
Scaleway, a French cloud computing company, has secured a cloud contract with Airbus, marking a significant partnership in the SaaS sector.
Paris-based Syntetica Secures $30 Million Series A to Scale Nylon Recycling Technology
Paris-based Syntetica, a company developing a patented process to recycle both types of nylon in a single process, has raised $30 million in a Series A round led by Bpifrance’s Ecotechnologies fund. The funding includes participation from Lululemon, MAS Holdings, and other investors. The company plans to use the funds to scale its technology and build a commercial facility.
Mistral Enters Robotics Space With Dedicated AI Model
Mistral, a French AI company, announced the launch of its first artificial intelligence model specifically developed for robotics applications. The model aims to enhance autonomous decision-making and adaptability in robotic systems across industries.