After pivoting its business model, Hamburg startup toern now focuses on AI‑based returns management. Founder Alena Schneck discussed the strategic shift and the company’s latest financing round, highlighting plans to grow the product and acquire new customers.
Terra Labs, originating from one of Sweden’s leading tech successes and supported by a heavyweight investor trio, has experienced a tenfold increase in its business. Its AI‑driven satellite imaging technology is now drawing interest from forestry companies eager to adopt the solution. The article highlights the company’s strong financial results and optimistic outlook.
Lockheed Martin Ventures, the venture arm of the US aerospace and defence giant, announced the opening of a new office in London and pledged at least €87 million ($100 million) of its €874 million fund to back European defence‑technology startups, aiming to deepen its presence in the European ecosystem and support transatlantic defence industrial base.
SWISSto12, a Swiss space technology startup, secured €70 million in financing to accelerate its development and market expansion.
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.
Engo, a startup from Grenoble, has impressed venture capital firm Ventech with its connected sport glasses, leading to a new investment round.
Dutch fintech Mollie is committing €350 million to accelerate its European expansion, positioning itself as a multi‑service platform for merchants. The plan includes hiring, product development and market entry across the continent, reflecting the company’s shift from a single‑service payment provider to a broader superapp model.
Juno Bio, a UK-founded women’s health company, raised $3.8 million to support its expansion and opened a CLIA-certified sequencing lab in Oakland, California. The company specializes in precision vaginal microbiome testing and has sold over 20,000 tests, aiming to address gaps in women’s health diagnostics.
InfiniNode Technologies, a Gothenburg-based semiconductor IP company, raised €2 million in a round led by Nordic deep-tech investors and public innovation funding to advance its on-chip data movement technology for AI and high-performance computing.
TECNALIA has designed and validated an electric unmanned aerial vehicle with high capacity for wildfire intervention. The development is part of EXTINCIA, a project coordinated by CLUE Technologies and funded by CDTI, combining drones, artificial intelligence, and advanced air traffic management systems.