In the fast-paced world we live in, it’s easy to miss important news updates.
This week (12th to 16th August) has been eventful across various sectors, including gaming, energy, biotech, and others.
To help you keep updated, we at Silicon Canals, brought you a concise summary of some of the important news that you should know.
Take a look!
Voiceline secures €2.4M to revolutionise how field teams work
Founded in 2020 by Nicolas Höflinger and Sebastian Pinkas, Voiceline has developed a solution that enables field staff to record customer interactions using voice input.
An AI analyses the inputs, recognizes industry-specific jargon and terminology, and transfers them into automated follow-up processes.
Earlier this week, the company raised €2.4M in a seed funding round led by Venture Stars and Scalehouse Capital. The Munich-based company will use the funds to invest in an even better user experience and unlock further use cases.
Drift Energy bags €5.4M to produce green hydrogen at sea
DRIFT Energy is a British startup that uses high-performance sailing vessels to produce green hydrogen at sea using deep ocean wind and deliver it globally.
The UK company secured £4.65M (approximately €5.4M) in seed capital, led by Octopus Ventures with support from Blue Action Accelerator.
The funds will accelerate the company’s vessel design programme, support team growth and enable the onboarding of new partners as the company plans its first keel laying in 2025.
Hedera-22 raises €2M to develop its bioinformatics tools
Hedera-22 was created in 2015 as a spin-off from the University of Liège.
The company develops an Intelligent Natural Product Discovery Platform that uses DNA-based synthesis and predictive bioinformatics to find new natural products for agriculture.
Recently, the company raised €2M in funding from its shareholders – Aravis, Gesval, Noshaq et K&E – combined with subsidies from the Walloon Region.
The Belgian company will use the funds to invest in research and development, strengthen its team of experts, and further develop its bioinformatics tools.
Curvalux receives investment from the Subnational Climate Fund
Curvalux specialises in fixed wireless access (FWA) that offers technologies to connect people to the internet in urban and rural hard-to-reach areas.
Curvalux offers high-capacity fixed wireless systems that operate in unlicensed 5-6 GHz frequencies (Curvalux 2) and millimeter-wave spectrum (Curvalux 3). Designed for rural areas without electricity, these products enable sustainable, low-power operation and provide an eco-friendly alternative for extending connectivity to rural communities.
The company received investment from the Subnational Climate Fund, managed by Pegasus Capital Advisors to expand urban and rural connectivity and bridge the digital divide.
FRVR secures €11.5M for its gaming distribution platform
Founded by Chris Benjaminsen and Brian Meidell FRVR is a gaming distribution platform that is on a mission to connect billions of players to captivating games.
The company partners with game developers and studios to create and distribute games across various channels, pushing game distribution beyond app stores and integrating games into different environments.
Recently, the company raised $12.7M (approximately €11.5M) led by Iberis Capital, with contributions from Indico Capital Partners, Lince Capital, and existing investor Hiro Capital.
With this funding round, FRVR has raised $100M in funding to date.
Regenics secures investment to develop wound care products
Regenics is a private Norwegian biotechnology company that is developing a variety of wound care products.
Their current pipeline consists of two medical devices and one novel drug product candidate, all aimed at addressing unmet medical needs in the large wound care market.
The target indications for Regenics’ product candidates include burns, diabetic wounds, chronic wounds, and enzymatic wound debridement.
Regenics, a Norwegian biotech company, closed the first tranche of a private placement with Nordic Blue hf.
The company issued 2,523,647 units at NOK 8.1 per unit, raising NOK 20.4M. Nordic Blue now owns 20.0 per cent of Regenics shares.
Additionally, the Oslo-based company anticipates closing the second and final tranche of the private placement within the next six months.
Cosine secures €2.2M to build resilient and reasoning AI
Founded in 2022 by Alistair Pullen, Sam Stenner, and Yang Li, Cosine is a human reasoning lab dedicated to building artificial general developers (AGD).
The company’s mission is to develop resilient and reasoning AI that can solve complex problems across different fields. The aim is to build an AI that is a colleague rather than just a copilot.
Recently, the company raised $2.5M (approximately €2.2M) in a funding round led by US venture firms Uphonest and SOMA Capital, with participation from Lakestar, and Focal, amongst others.
Hexarad receives €13M to provide teleradiology services
Based out of London, Hexarad provides teleradiology services and software to the NHS and imaging centres across the UK, Ireland, and Saudi Arabia.
The company’s platform consists of ReportRad (a teleradiology solution built by Radiologists) and OptiRad (a software solution to oversee, organise, and optimise the Radiology department).
Recently, the company raised €13M in a fresh growth round from existing shareholders, led by growth equity firm MTIP.
Creaitor secures funding to advance the development of its content generation
Founded in 2022 by Simon Funk, Creaitor is a Swiss company that specialises in AI-supported content creation and optimisation.
With a variety of AI assistants and support for over 40 languages, the platform enables companies to efficiently create and optimise high-quality content.
The company recently raised CHF 500K in a pre-seed funding round led by Backbone Ventures, with participation from Gentian Investments, SICTIC, and several private investors.
The funds will be used to further advance the development of its advanced content generation and optimisation tools and expand its market presence both in Europe and beyond.
GIPEDO receives funding from STS Ventures
Founded by Lars Gantenberg and Dr. Matthias Rettenmeier, GIPEDO develops software solutions for professional sports.
GIPEDO Workspace automates pre- and after-sales processes for clubs, which previously involved a great deal of manual effort.
GIPEDO Marketplace helps clubs and leagues access previously inaccessible media budgets with their perimeter inventory.
Brands and agencies can easily integrate professional sports into their media mix based upon GIPEDOs CPM- and reach estimates.
The company gives clubs and leagues control over their advertising business and opens new opportunities for advertisers to enter professional sports.
Recently, STS Ventures, an institutional early-stage investor, invested a 7-digit figure in GIPEDO.
The company will use the investment to drive market expansion and further accelerate product development. The GIPEDO platform is already being used by over 60 professional teams in Germany.
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