thenextweb-rss
Nvidia, Accel back Netherlands-based AI firm Nebius in $700M deal
Amsterdam-headquartered Nebius, which builds full-stack AI infrastructure for tech firms, has secured $700mn in a private equity deal led by Nvidia, Accel, and asset manager Orbis. The funding comes in the form of a private placement — when a company sells stocks directly to a private investor instead of on the public market. The deal will see Nebius issue 33.3 million Class A shares at $21 apiece. Nebius, which is the rebranded European arm of “Russia’s Google,” Yandex, is investing more than $1bn across Europe by mid-2025 as it seeks to cash in on booming demand for AI computing power.…This story continues at The Next Web
Amsterdam-headquartered Nebius, which builds full-stack AI infrastructure for tech firms, has secured $700mn in a private equity deal led by Nvidia, Accel, and asset manager Orbis. The funding comes in the form of a private placement — when a company sells stocks directly to a private investor instead of on the public market. The deal will see Nebius issue 33.3 million Class A shares at $21 apiece. Nebius, which is the rebranded European arm of “Russia’s Google,” Yandex, is investing more than $1bn across Europe by mid-2025 as it seeks to cash in on booming demand for AI computing power.…
This story continues at The Next Web
Fuelled by €24M, UK startup gears up to put more thermal satellites in orbit
British startup SatVu has secured £20mn (€24mn) to fuel the development of its hyper-accurate thermal imaging satellites that act like a thermometer for the whole planet. The cash injection includes £10mn (€12mn) in equity from Spanish VC Adara Ventures and British tech-focused fund Molten Ventures. The remainder comes from an insurance payout, the startup said. The funding will propel the launch of two new satellites in its HotSat constellation, which are scheduled to liftoff next year. The probes — HotSat-2 and HotSat-3 — will replace HotSat-1, SatVu’s first satellite, launched in 2023. When HotSat-1 launched it was fitted with the…This story continues at The Next Web
British startup SatVu has secured £20mn (€24mn) to fuel the development of its hyper-accurate thermal imaging satellites that act like a thermometer for the whole planet. The cash injection includes £10mn (€12mn) in equity from Spanish VC Adara Ventures and British tech-focused fund Molten Ventures. The remainder comes from an insurance payout, the startup said. The funding will propel the launch of two new satellites in its HotSat constellation, which are scheduled to liftoff next year. The probes — HotSat-2 and HotSat-3 — will replace HotSat-1, SatVu’s first satellite, launched in 2023. When HotSat-1 launched it was fitted with the…
This story continues at The Next Web
This startup’s microliner promises a cheaper route to electric flights
It’s been a tough year for air taxi startups. The UK’s Vertical Aerospace is running short of cash, while Germany’s Lillium faces bankruptcy. Targets for commercialisation keep getting extended. Investors are hesitant to commit. The reason for all the struggles is pretty simple. Building, certifying, and commercialising brand-new aircraft designs like electric vertical take-off and landing aircraft (eVTOLs) is complex, notoriously expensive, and depends on lengthy regulatory processes. That’s partly why German startup Vaeridion is pursuing a simpler, potentially cheaper, route to electric flight using an aircraft it calls the “microliner”. “The microliner looks like a regular plane and it…This story continues at The Next Web
It’s been a tough year for air taxi startups. The UK’s Vertical Aerospace is running short of cash, while Germany’s Lillium faces bankruptcy. Targets for commercialisation keep getting extended. Investors are hesitant to commit. The reason for all the struggles is pretty simple. Building, certifying, and commercialising brand-new aircraft designs like electric vertical take-off and landing aircraft (eVTOLs) is complex, notoriously expensive, and depends on lengthy regulatory processes. That’s partly why German startup Vaeridion is pursuing a simpler, potentially cheaper, route to electric flight using an aircraft it calls the “microliner”. “The microliner looks like a regular plane and it…
This story continues at The Next Web
These will be the most in-demand skills for developers in 2025
The Dutch labour market is experiencing a persistent talent shortage, according to a new salary survey report. The research also flags that when it comes to hiring in 2025, artificial intelligence, automation, and machine learning are expected to be among the hottest functional areas companies are most likely to recruit talent for next year. In line with this, a recent study by Indeed found that over the past year, job postings mentioning generative artificial intelligence (Gen AI) or related phrases have increased dramatically across the US and Europe. In Germany, for example, there has been a 3.9x increase, France has…This story continues at The Next Web
The Dutch labour market is experiencing a persistent talent shortage, according to a new salary survey report. The research also flags that when it comes to hiring in 2025, artificial intelligence, automation, and machine learning are expected to be among the hottest functional areas companies are most likely to recruit talent for next year. In line with this, a recent study by Indeed found that over the past year, job postings mentioning generative artificial intelligence (Gen AI) or related phrases have increased dramatically across the US and Europe. In Germany, for example, there has been a 3.9x increase, France has…
This story continues at The Next Web
Cambridge spinout Molyon bets on lithium-sulfur in race for better batteries
Lithium-ion batteries have served us well, powering much of the modern world. However, today’s tech — everything from drones and EVs to the wretched Tesla cyber truck — demands denser batteries that charge faster and take you further. This push is driving scientists to conjure up new battery chemistries or refine old ones. Naturally, it is also spawning a new generation of startups looking to scale the next, best battery. One of those is Molyon. Molyon recently spun out from 15 years of research at the University of Cambridge to commercialise a lithium-sulfur battery that it claims delivers twice the…This story continues at The Next Web
Lithium-ion batteries have served us well, powering much of the modern world. However, today’s tech — everything from drones and EVs to the wretched Tesla cyber truck — demands denser batteries that charge faster and take you further. This push is driving scientists to conjure up new battery chemistries or refine old ones. Naturally, it is also spawning a new generation of startups looking to scale the next, best battery. One of those is Molyon. Molyon recently spun out from 15 years of research at the University of Cambridge to commercialise a lithium-sulfur battery that it claims delivers twice the…
This story continues at The Next Web
Air taxi startup Vertical Aerospace extends runway with $50mn lifeline
Vertical Aerospace has been thrown a crucial lifeline, staving off potential bankruptcy at the cash-strapped air taxi startup. The UK-based company — which makes electric vertical take-off and landing (eVTOL) aircraft — secured the fresh funds from its largest creditor, American debt investor Mudrick Capital. The agreement, announced Monday, includes a $50mn cash injection and a substantial debt-to-equity swap. Mudrick will invest $25mn upfront and guarantee another $25mn in future funding, offset by contributions from third-party investors. Mudrick will also convert half of its $130mn in outstanding loans into equity at $2.75 per share, taking its ownership stake in Vertical…This story continues at The Next Web
Vertical Aerospace has been thrown a crucial lifeline, staving off potential bankruptcy at the cash-strapped air taxi startup. The UK-based company — which makes electric vertical take-off and landing (eVTOL) aircraft — secured the fresh funds from its largest creditor, American debt investor Mudrick Capital. The agreement, announced Monday, includes a $50mn cash injection and a substantial debt-to-equity swap. Mudrick will invest $25mn upfront and guarantee another $25mn in future funding, offset by contributions from third-party investors. Mudrick will also convert half of its $130mn in outstanding loans into equity at $2.75 per share, taking its ownership stake in Vertical…
This story continues at The Next Web
Rocket debris falls on village following France-China satellite launch
France and China blasted a new satellite into space on Saturday, in an increasingly rare example of cooperation between a Western power and the world’s second largest economy. The Space Variable Objects Monitor (SVOM) launched atop a Long March 2C rocket from Xichang Satellite Launch Centre in southwestern China. The probe will survey the cosmos for gamma-ray bursts, the most powerful explosions in the universe. Beijing Time June 22, 2024 15:00: China-France SVOM satellite was launched by Long March 2C rocket from Xichang Satellite Launch Center. 118th space launch in 2024, China’s 29th, 2nd this month, 4th for Long March…This story continues at The Next Web
France and China blasted a new satellite into space on Saturday, in an increasingly rare example of cooperation between a Western power and the world’s second largest economy. The Space Variable Objects Monitor (SVOM) launched atop a Long March 2C rocket from Xichang Satellite Launch Centre in southwestern China. The probe will survey the cosmos for gamma-ray bursts, the most powerful explosions in the universe. Beijing Time June 22, 2024 15:00: China-France SVOM satellite was launched by Long March 2C rocket from Xichang Satellite Launch Center. 118th space launch in 2024, China’s 29th, 2nd this month, 4th for Long March…
This story continues at The Next Web
Apple hit hard by EU rules: AI suite on pause, App Store violations
It’s been a tough few days for Apple in the EU. On Friday, the company announced it would delay the roll-out of its much anticipated AI suite due to regulatory issues. Today, the European Commission warned the tech giant that its App Store is in violation of the bloc’s sweeping online competition rules. The Cupertino-based company is among the tech giants (designated as “gatekeepers”) that have to comply with the EU’s landmark law, known as the Digital Markets Act (DMA). One of the act’s fundamental provisions is the ban of anti-steering for app platforms. This means that consumers have the…This story continues at The Next WebOr just read more coverage about: Apple
It’s been a tough few days for Apple in the EU. On Friday, the company announced it would delay the roll-out of its much anticipated AI suite due to regulatory issues. Today, the European Commission warned the tech giant that its App Store is in violation of the bloc’s sweeping online competition rules. The Cupertino-based company is among the tech giants (designated as “gatekeepers”) that have to comply with the EU’s landmark law, known as the Digital Markets Act (DMA). One of the act’s fundamental provisions is the ban of anti-steering for app platforms. This means that consumers have the…
This story continues at The Next Web
Or just read more coverage about: Apple
Swedish startup Cemvision cements deal with Vattenfall for greener concrete
Swedish green cement startup Cemvision has inked a deal with energy giant Vattenfall, as industrial companies look to cut their emissions from one of the world’s most polluting materials. Cemvision has devised a greener way to make cement. It uses by-products from industries like steel and mining instead of fresh limestone, slashing emissions. “We’re on track to producing cement that emits 95% less carbon than traditional methods while remaining just as strong and potentially even faster-drying,” Oscar Hållén, CEO of Cemvision, previously told TNW. Vattenfall plans to use the green cement in the foundations of new wind turbines and power…This story continues at The Next Web
Swedish green cement startup Cemvision has inked a deal with energy giant Vattenfall, as industrial companies look to cut their emissions from one of the world’s most polluting materials. Cemvision has devised a greener way to make cement. It uses by-products from industries like steel and mining instead of fresh limestone, slashing emissions. “We’re on track to producing cement that emits 95% less carbon than traditional methods while remaining just as strong and potentially even faster-drying,” Oscar Hållén, CEO of Cemvision, previously told TNW. Vattenfall plans to use the green cement in the foundations of new wind turbines and power…
This story continues at The Next Web
TNW Conference 2024 Day 2 Highlights
The TNW Conference grounds opened up yet again this morning for Day 2 filled with many participants coming back for more (some less fresh than others after last night’s karaoke cruise) and new speakers and participants who joined us for the first time, adding some unique perspectives to the mix. Here’s a wrap-up of five interesting talks and ideas that floated around throughout the day. Beyond green products: Change the system, not just the design In this eye-opening discussion, Bas van Abel, Founder of Fairphone, Matthew Cockerill Independent Design Innovation Consultant, and Linnea Ahlgren, Senior Editor at TNW, discussed the…This story continues at The Next Web
The TNW Conference grounds opened up yet again this morning for Day 2 filled with many participants coming back for more (some less fresh than others after last night’s karaoke cruise) and new speakers and participants who joined us for the first time, adding some unique perspectives to the mix. Here’s a wrap-up of five interesting talks and ideas that floated around throughout the day. Beyond green products: Change the system, not just the design In this eye-opening discussion, Bas van Abel, Founder of Fairphone, Matthew Cockerill Independent Design Innovation Consultant, and Linnea Ahlgren, Senior Editor at TNW, discussed the…
This story continues at The Next Web