French public investment bank Bpifrance has announced plans to inject €10 billion ($10.3 billion USD) into France’s AI ecosystem by 2029, strengthening the country’s position as a global leader in artificial intelligence.
Leipzig-based CargoBeamer, a logistics company specializing in road-to-rail freight solutions, has raised €65 million in equity and debt financing from Orion Infrastructure Capital (OIC).
AI infrastructure startup TrueFoundry has raised $19 million in Series A funding, led by Intel Capital, to expand its AI deployment and optimization platform for enterprises.
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Barcelona-based KOA Biotech has secured €2 million in funding to advance its biosensor technology for early detection of waterborne infections in aquaculture.
French venture capital firm Emblem has successfully raised €80 million ($85 million USD) for its inaugural fund, despite a challenging funding environment.
Hitachi Ventures has announced the closing of its fourth fund, securing $400 million to fuel investments across a range of deep tech sectors, including fusion energy, artificial intelligence (AI), quantum computing, life sciences, and space technology.
Île-de-France-based ThePackengers, a specialist in packaging and transporting fragile artworks and collectibles, has raised €14 million in fresh funding.
Berlin-based Cherry Ventures has announced the launch of Cherry V, securing $500 million in new funding. The capital will be split between an Early Stage fund and an Opportunity fund focused on supporting Series B and later-stage portfolio companies.
