Tag: Design

London-based insurtech startup Laka has raised $10.4mn in Series B funding as it eyes profitability at the end of next year. Laka offers “collective” insurance for bikes and e-scooters, pooling claims across a community of riders. Instead of fixed, upfront premiums, customers pay a variable monthly fee based on the total number of claims across the entire user base. The fee is capped at a maximum amount based on the value of their gear. Fewer claims mean lower costs for everyone.   Laka provides the insurance cover both directly and through retailers like Decathlon, Brompton Bikes, Gazelle, and Ribble Bikes.  Tobias…

Funding focus is a new series analysing cash flow into the European tech ecosystem. Last week, we looked at the largest investment rounds in the Netherlands, and now we’re honing in on Europe’s budding fusion energy sector.  European fusion energy startups raised a record €290mn in the first half of this year as VCs bet big on a technology with the potential to supply virtually limitless clean power. Funding in 2025 has already eclipsed 2024 levels — the previous record year — which saw fusion energy companies raise €185mn, according to Dealroom data. Leading the pack this year was Munich-based…

New research has found that large language models (LLMs) such as ChatGPT consistently advise women to ask for lower salaries than men, even when both have identical qualifications. The study was co-authored by Ivan Yamshchikov, a professor of AI and robotics at the Technical University of Würzburg-Schweinfurt (THWS) in Germany. Yamshchikov, who is also the founder of Pleias, a French–German startup building ethically trained language models for regulated industries, worked with his team to test five popular LLMs, including ChatGPT. They prompted each model with user profiles that differed only by gender but included the same education, experience, and job role.…

A new report from the University of Cambridge has warned that the UK’s push to lead in AI risks derailing its climate targets — unless urgent action is taken. According to the University’s Minderoo Centre for Technology and Democracy, the unchecked growth of AI could drive a 25-fold increase in the global tech sector’s energy use by 2040, putting massive strain on power grids and accelerating carbon emissions.  Even the most conservative scenario suggests a five-fold rise over the next 15 years. The report’s authors argue it’s “magical thinking at the highest levels” to assume countries such as the UK…

The UK government reportedly plans to invest €163mn in French satellite firm Eutelsat as Europe pushes to back a local alternative to Elon Musk’s Starlink. The investment, first reported by Reuters, follows the lead of the French state, which is set to inject €717mn into Eutelsat as part of a €1.35bn funding package to prop up the indebted satellite communications provider. The UK contribution would bring Eutelsat’s recapitalisation to around €1.5bn.  French President Emmanuel Macron thanked his “British friends” for the support in a post on X, without disclosing the deal’s value.  Eutelsat has received significant attention this year, as…

Five rocket companies will compete for contracts to provide Europe’s next launch services — and boost the continent’s troubled access to space. The European Space Agency (ESA) selected the quintet, who will now contend for two types of contracts: Providing launch services for ESA between 2026 and 2030. Demonstrating upgraded launch capabilities, including at least one flight test. The initiative — named the European Launcher Challenge (ELC) — aims to expand Europe’s pathways into the cosmos. In recent years, these routes have been painfully limited. When the Ariane 5 rocket was retired in July 2023, ESA was left with no independent…

Funding focus is a new series analysing cash flow into the European tech ecosystem. After debuting with a look at the biggest rounds so far this year, we now turn to the largest deals in the Netherlands for H1. Startups in the Netherlands raised just $503mn (€429mn) in the first quarter of this year — the lowest quarterly total since the early days of the COVID-19 pandemic, according to Dealroom data. But three months later, the outlook has improved. Total funding for the first half of 2025 hit $1.4bn (€1.2bn). That’s down from $1.8bn (€1.54bn) at the same point last…

A group of major European media organisations has launched a chatbot aimed at combating online disinformation.  The tool, called ChatEurope, responds to queries with information verified by journalists. It was set up by a consortium of media brands led by Agence France-Presse. Fourteen other news organisations, including France Médias Monde, Deutsche Welle, El País, and Romania’s RFI, have supported the project, which is also backed by the European Commission.  The chatbot was designed by DRUID AI, a Romanian enterprise AI platform, and uses a language model developed by French startup Mistral. It’s hosted on infrastructure built by Paris-based open-source software…

Ubotica, an Irish startup specialising in edge AI for satellites, has partnered with two Dutch firms to develop an intelligence platform aimed at bolstering maritime security across European waters.  The company will work with Fugro, a provider of offshore surveying and geodata services, and DTACT, a defence-focused cybersecurity firm, to offer governments a new tool for monitoring critical underwater infrastructure, including gas pipelines and subsea cables.  The platform aims to fuse real-time data from sea, air, and space to create a dynamic picture of maritime activity. Fugro’s drones, underwater vehicles, and uncrewed surface vessels will sweep the oceans for geodata.…

Finnish startup Donut Lab has secured €25mn in seed funding to scale up its in-wheel hub motors for electric land, sea, and air vehicles.  Alongside the investment, Donut Lab is opening an R&D hub in Chippenham, UK. Risto Siilasmaa, serial tech investor and former Nokia chairman, has also joined the company’s board. Marko Lehtimaki, Donut Lab’s CEO and co-founder, said the investment signals a continued demand for the company’s technology. “It demonstrates to us [founders] what we have always believed, that our tech solution is truly groundbreaking,” he said.   Donut’s flagship innovation is a hollow hub motor dubbed, you guessed…