AI tool of the week: UK-based Tracelight secures €3M to make analysts superhuman…
UK-founded Tracelight, an AI company making financial models easier to build and trust, has raised $3.6M (approximately €3M) in seed funding led by Chalfen Ventures.
Artificial intelligence in practice — what it changes, who it concentrates power for, and how it lands in the businesses and policies of the technology economy.
916 articles · Artificial Intelligence (AI)
UK-founded Tracelight, an AI company making financial models easier to build and trust, has raised $3.6M (approximately €3M) in seed funding led by Chalfen Ventures.
The UK Ministry of Defence (MoD) announced that it has chosen Australian dual-use technology company Castlepoint Systems to safeguard sensitive information using artificial intelligence.
OpenAI announced Stargate Norway, the company’s first AI data centre initiative in Europe under its OpenAI for Countries program.
Delaware, US-based AIxBlock, a decentralised AI tech startup, has secured a €1.5M innovation grant from the European Union, along with up to €61.5M in two additional grants that have been pre-approved to support its long-term expansion across Europe.
Prague-based Resistant AI, a company that protects financial services from financial crime, has secured a strategic investment from Experian, a global data and technology company.
Google, on Wednesday, announced its intentions to adhere to the European Union’s General-Purpose AI Code of Practice.
Retab, a Paris and San Francisco-based startup focused on document automation, comes out of stealth with $3.5M (nearly €3M) in pre-seed funding and the launch of its platform.
Limassol, Cyprus-based Aiphoria, an AI startup specialising in delivering enterprise-grade voice-first AI agents, has secured $34M (€29.5M) in a funding round led by Ratmir Timashev, co-founder of Veeam Software.
Amsterdam-based unicorn DataSnipper, an automation platform focused on audit and finance, announced a partnership with Microsoft to introduce AI agents into the audit space, fundamentally changing the way professionals work.
Zurich-based Modulos, an AI governance platform, announced the completion of its CHF 8.7M (approximately €8.96M) in a pre-Series A funding round.
Athens-based STIQ, a company transforming healthy dining in Greece, has raised €20M in funding from the European Investment Bank (EIB).
Based out of Breda, the Netherlands, RoomRaccoon is a hotel management system for independent hotels and accommodation businesses.