Swedish entrepreneurs Andreas Willgert and Robin Bartholdson have launched the AI‑focused startup Cofactor, which immediately attracted 13 million SEK in backing from major investors and retail leaders.
Slovenian AI startup Veeda AI secured $90 million in seed funding to create a simulation platform—dubbed “the Matrix”—that lets robots train safely in a virtual environment.
Icelandic energy‑software startup SnerpaPower secured €3.4 million in a seed round led by Encevo, with participation from Crowberry Capital, BackingMinds and a grant from the Icelandic Technology Development Fund. The funding will be used to scale its AI‑driven platform that forecasts electricity demand and automates procurement for power‑intensive industries, expanding the solution across Europe.
Embedd, a startup founded by three Ukrainian entrepreneurs, secured €2.31 million in pre‑seed funding led by Seedcamp to create a software platform for physical AI technologies.
Hostersi bought TIDK, consolidating two Polish AI and data‑science firms into a new cloud‑and‑AI technology group, with backing from bValue Fund.
Starcloud, a US space‑AI startup co‑founded by Romanian engineer Adi Oltean, announced a $250 million Series A extension, raising its total capital to $450 million and valuing the company at $2.3 billion as it builds a constellation of data‑center satellites.
Swedish AI startup Solva, founded by a trio of entrepreneurs with experience scaling well‑known tech companies, has closed a financing round of just over 57 million SEK, backed by Y Combinator and startup legend Paul Graham.
Conversed.ai, a Dutch startup that builds AI agents for knowledge‑base optimisation in healthcare, B2B SaaS, finance and e‑commerce, secured undisclosed growth funding. The capital will be used to enhance its platform, expand the team and boost marketing efforts. New advisory members include Michiel Mol, Maarten Elshove and Walter Hueber, while Sagar Schoneveld takes over as Managing Director.
Absia Legaltech has created Europe’s first self‑configurable network of legal AI agents for law firms. The SaaS platform can be set up in eight minutes using a QR code, requires no IT team, provides 24/7 WhatsApp customer support, assists in drafting legal documents and offers predictive court analytics.
Lovable’s co-founders Anton Osika and Fabian Hedin each cashed out roughly 100 million SEK in 2023, with the company not confirming whether the gains stem from AI-related sales.