Recent investments and innovations shaping the future of technology in Europe
1. Salience Labs Secures $125M
Salience Labs, a developer of photonic chips for AI data centers, has raised $125 million in Series B funding. The investment aims to enhance their optical switching technology to improve GPU connectivity in data centers, addressing the growing demand for efficient AI infrastructure. Key investors include AMD Ventures and Intel Capital. The company plans to expand manufacturing and grow its engineering team.
2. Skeleton Technologies Surpasses $1B Valuation
Skeleton Technologies has announced a strategic investment from Siemens, surpassing a $1 billion valuation. The funding will accelerate its US expansion and bolster R&D for AI-focused power systems tailored for data centers. CEO Taavi Madiberk highlighted the necessity of modernizing power infrastructure to support fast-scaling AI workloads.
3. Tomáš Čupr's Duvo Raises $32M
Duvo, led by Czech entrepreneur Tomáš Čupr, has raised $32 million in a Series A round to develop an enterprise operating system designed to improve automation in retail. The funding enables Duvo to enhance its unique approach of integrating various business processes onto one platform, transforming operational challenges into streamlined workflows.
4. UK Government Invests in Augur
The UK government's Sovereign AI Fund is investing in security startup Augur, which leverages AI for real-time intelligence in national security. The investment will allow Augur to enhance surveillance capabilities for public safety, utilizing advanced AI methods to identify and mitigate risks in real time, partnering with Transport for London and other entities.
5. VitVio to Launch AI Surgical System in Poland
US-European startup VitVio is launching its AI-powered surgical operating system, Vetro, in Poland through a new partnership with UCK in Gdańsk. Vetro automates surgical logging and optimization, aiming to improve efficiency in operating rooms, ultimately enhancing patient care through innovative technology. The pilot will begin in selected orthopedic and neurosurgery rooms.
