Time and technology wait for none!
In this fast-paced world of technology, startups, and scale-ups, covering every single story can be challenging.
We at Silicon Canals strive to provide our audience with the up-to-date news possible, uncovering the latest funding rounds, acquisitions, and innovative developments in the tech industry.
However, we do miss out on the news sometimes.
Consequently, we have compiled a list of news we missed this week (August 19th to 23rd).
Do give it a read!
VividQ secures €6.7M for its holographic technology
London-based VividQ specialises in deep technology innovators in computational holography.
The UK company’s holographic technology enables hardware manufacturers, game developers, and content creators to build immersive AR experiences that players won’t want to leave.
The company has partnered with leading original equipment manufacturers (OEMs), including JVCKenwood to integrate its advanced software and hardware solutions into augmented reality (AR), virtual reality (VR), automotive head-up displays, and other consumer electronics.
Earlier this week, VividQ raised an additional $7.5M (approximately €6.7M) in Series A funding, bringing the company’s total funding to over $30M (approximately €27M). The round was led by Foresight Group LLP and included new investors such as GameTech Ventures, and Florida-based Ruttenberg Gordon Investments (RGI), as well as existing investors.
Vandria raises €27.6M for its small-molecule mitophagy inducers
Lausanne, Switzerland-based Vandria is a biopharmaceutical company that develops small-molecule mitophagy inducers to treat age-related and chronic diseases in the fields of Muscle- and CNS diseases with large unmet medical needs.
The company’s lead program, VNA-318 is a brain-penetrant, patent-protected, mitophagy inducer which has been shown to acutely improve memory and learning and to have strong disease-modifying effects in models of neurodegenerative disease such as Alzheimer’s and Parkinson’s disease. VNA-318 is expected to enter the clinic in 2024.
Recently, the company raised a total of $30.7M (approximately €27.6M) in Series A financing round. Hevolution Foundation and Dolby Family Ventures joined the lead founding venture investor ND Capital.
UP Catalyst secures €4M for its sustainable carbon material production
UP Catalyst specialises in sustainable carbon material production directly from CO2 emissions.
According to the company, its production process claims 0.07 tons of CO2-eq per ton of graphite and 0.7 tons of CO2-eq per ton of carbon nanotubes.
Recently, the company secured €4M in a seed round with another €2.3M to accelerate the production scale-up.
The funding round saw participation from Warsaw Equity Group and Estonia’s state fund SmartCap. Existing investors, including Extantia, Sunly, Little Green Fund, Scottish Baltic Invest, and UniTartu Ventures, also participated.
Reliant AI receives €10.1M funding to advance secondary research in biopharma
Based out of Berlin, Reliant AI is a provider of genAI-powered data analytics software that accelerates secondary research in biopharma.
The company’s first product — Reliant Tabular, helps life science analysts find scientific evidence for their decisions through automated systematic reviews, asset scans, comprehensive analyses, and a customisable data platform.
Recently, the company announced its launch out of stealth with $11.3M (approximately €10.1M) in seed funding co-led by Tola Capital and Inovia Capital, with participation from angel investor Mike Volpi.
BeyondMath bags €7.6M to eliminate inefficiencies in the engineering process
Based out of London, BeyondMath is an AI startup that is revolutionising the way systems are engineered by applying the latest developments in AI to solve problems in numerical simulation.
BeyondMath has developed a technology aimed at eliminating inefficiencies in the engineering process through the NVIDIA DGX H200 system.
NVIDIA’s DGX H200 systems provide advanced AI supercomputing. This technology significantly lowers costs, speeds up development cycles, and minimises environmental impact.
The UK company raised $8.5M (approximately €7.6M) in a seed funding round led by UP. Partners, with participation from Insight Partners and InMotion Ventures. The company will use the funds to advance its simulation platforms.
Apheros gets €1.6M to tackle cooling challenges
Based out of Zurich, Apheros specialises in thermal management and is developing innovative cooling solutions for data centres and the high-power computing industry.
The company’s patented, scalable manufacturing processes create metal foams with unprecedented properties due to their extremely high surface area and low density.
Recently, the company raised $1.85M (approximately €1.6M) in pre-seed funding led by venture capital firm Founderful. Apheros will use the funds to accelerate the development and deployment of its metal foam-based cooling solutions.
Apheros AG, founded in August 2023, was developed as an ETH Zurich spin-off to tackle cooling challenges in a wide range of application,s including high-performance computing and mobile devices.
in.hub bags 7-digit funding to help receive information about their analogue machine
Chemnitz, Germany-based in.hub specialises in developing and selling “siineos”, a customisable, modularly expandable, and manufacturer-independent solution that includes hardware and software components.
Through siineos, users receive information about their analogue machine parks, some of which have been running for a long time, e.g. exact temperature values, power peaks, or the exact utilisation and reasons for downtime.
With the help of this information, operators can better prevent wear and tear, manage utilisation more efficiently and save energy and CO2.
Recently, TGFS Technologiegründerfonds Sachsen has invested a seven-figure sum in in.hub. The company plans to use the funds to expand sales and further optimise its hardware/software solution.
Source.ag named 2024 AgTech Breakthrough Startup of the Year
Founded in 2020 by Rien Kamman (CEO) and Ernst van Bruggen (CPO), Source.ag is developing technology to democratise access to sufficient fruit and vegetables through AI-powered greenhouses.
The company uses millions of data points on climate, biology, and resources to build and implement optimal production plans using their in-house developed algorithms that simulate plant behaviour.
The Dutch startup has been named the 2024 AgTech Breakthrough Startup of the Year.
Source.ag customers include Agro Care, Thanet Earth, The Green House Growers, Grupa Mularski, Le Jardin de Rabelais, and other leading growers.
More than 300 commercial greenhouses in 16 countries worldwide rely on Source.ag’s groundbreaking solutions, and that number continues to grow.
Digity secures €1.4M to improve ergonomics and occupational safety
Founded in 2023 as a spin-off of the University Medical Centre Göttingen, Digity develops and produces solutions to improve ergonomics and occupational safety in various industries.
The first product, ARTUS, is a passive exoskeleton that protects the fingers from accidents and excessive strain on the skin and finger joints.
Recently, the company raised €1.4M in a seed funding round from renowned venture capitalists from Lower Saxony, Thuringia, and experienced business angels from all over Germany.
It includes NBank Capital Beteiligungsgesellschaft, bm‑t beteiligungsmanagement thüringen gmbh (bm|t), Life Science Valley Ventures Management GmbH from Göttingen, Mittelständische Beteiligungsgesellschaft Niedersachsen (MBG) mbH from Hanover, the business angel Christoph Höynck from Münster and 4SeedImpact Business Angel GmbH from Chemnitz.
The funds will be used to increase sales and production capacities for the ARTUS prevention exoskeleton.
NXRT raises €4.5M to advance its real-time simulation tech
Based out of Vienna, NXRT, which operates in the field of real-time simulation, aims to support humans in a fast-moving technology-based world.
The company has developed simulation technologies that realistically reproduce the driving experience on rail and road.
Automotive and rail companies can leverage the NXRT development platform and develop test, training, and sales solutions independently. This makes it easy to combine individual simulation environments.
Recently, the company raised €4.5M in a funding round led by Mangrove Capital Partners, with participation from ArborEleven Ventures, eQventure, and CADFEM International GmbH.
This investment will accelerate the company’s expansion into new EU markets, broaden its product offerings, and enable it to grow its team further.
Optiml secures €3.6M to decarbonise real estate
Zurich-based Optiml is a digital platform for Net Zero real estate investment and renovation planning. This solution allows budgets, cash flows, and returns to be digitally mapped at the asset and portfolio level during energy-efficient renovations
Recently, the company secured $4M (approximately €3.6M) in funding in a pre-seed extension funding round led by BitStone Capital and supported by KOMPAS VC.
Existing investors, former Google CEO Eric Schmidt’s VC Innovation Endeavors and Planet A Ventures, participated as well and underlined their commitment to our journey.
01
These are the top UK-based PR agencies for startups and scale-ups in 2025