Railsbank becomes Railsr: Here’s the rationale behind the rebrand
London-based Railsbank, a fintech company with an open banking API and platform that provides regulated and unregulated companies access to global banking, announced on Tuesday that it has renamed itself as Railsr.. The company also announced the launch of a new rewards programme, indicating that it is ready to design and implement the next step in the consumer financing journey.
Copenhagen Atomics secures €20M to advance thorium nuclear …
Copenhagen Atomics, a Danish company developing mass-manufacturable molten salt reactors (MSR), announced that it has raised €20M in a fresh round of funding to accelerate the development of thorium molten salt reactors.. Thomas Jam Pedersen, co-founder of Copenhagen Atomics, says, “This funding will accelerate our technology development and support our roadmap towards commercial reactors ...
OpenAI-backed humanoid robotics firm 1X raises €91.1M to …
Oslo-based 1X Technologies, an AI and robotics company producing androids capable of human-like movements and behaviours, announced that it has secured $100M (approximately €91.14M) in a Series B round of funding.. In March 2023, 1X raised $23.5M in a Series A2 round of funding. The company, backed by OpenAI and Tiger Global, has now raised over $125M in under a year after its Series A funding.
What to expect from the Amsterdam startup ecosystem in 2024
The Dutch startups raised €420M in Q1 2023, €525M in Q2, €420M in Q3, and reached a peak of €576M during the final quarter (Q4) of the year, according to the Quarterly Startup Report. The funding reports underlined what has the headlining aspect of the Dutch startup ecosystem – fixing 21st-century problems rather than chasing the hype ...
Silicon Canals | European technology news
Silicon Canals is a Proudly Media B.V. company that provides comprehensive English-language news coverage of the European technology industry. Witnessing the growing startup scene, Silicon Canals became the essential media outlet for the region’s tech ecosystem. Reach founders, investors, and decision-makers with our in-house studio’s content.
SoftBank-backed gravity-based energy storage startup Energy …
Switzerland and US-based Energy Vault offers a utility-scale, gravity-based storage solution for renewable energy. The company aims to help power companies store energy for use to make up for the wind and solar intermittency. In a recent development, Energy Vault announced that it secured $100M (approx €85M) in its Series C round of funding.
'Off the Grid' developer Gunzilla Games secures €27.6M for its ...
Vigneshwar Ravichandran. Vigneshwar has been a News Reporter at Silicon Canals since 2018. A seasoned technology journalist with almost a decade of experience, he covers the European startup ecosystem, from AI and Web3 to clean energy and health tech. Previously, he was a content producer and consumer product reviewer for leading Indian digital media, including NDTV, GizBot, and FoneArena.
Klarna gets a new London HQ, plans to double UK headcount
Klarna’s announcement follows a year of growth after it reached a $31B (approx €25.73B) valuation following its recent funding round. The company now serves over 14 million consumers and over 13,000 retailers in the UK. With over 200 staff across the country, the new offices will allow Klarna to grow, with plans to double its workforce in ...
Amsterdam’s e-scooter sharing startup Felyx secures €24M …
The Dutch startup Felyx is an electric scooter company that forayed into the last mile mobility sector back in 2016. It offers ride-sharing services in three Netherland cities and it also expanded its services to Belgium, in 2019.Felyx has now procured a notable €24M …
London’s Notpla raises €11.7M to develop seaweed-based …
London-based Notpla, a sustainable packaging startup, announced that it has raised £10M (approx €11.7M) in its Series A round of funding.The round was led by Bangkok-based Horizons Ventures. The round also saw participation from existing investors including Astanor Ventures, Lupa Systems, and Torch Capital.