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Stuttgart, Germany-based Sereact has secured €25mn to advance its embodied AI software that enables robots to carry out tasks they were never trained to do.  “With our technology, robots act situationally rather than following rigidly programmed sequences. They adapt to dynamic tasks in real-time, enabling an unprecedented level of autonomy,” said Ralf Gulde, CEO and co-founder of Sereact (short for “sense, reason, act”). Early Spotify and Klarna-backer Creandum led the Series A round. Existing investors Point Nine and Air Street Capital also chipped in as did several prominent angel investors. These include former Formula 1 World Champion Nico Rosberg, ex-DeepMind…

A startup called Scenexus has unveiled plans to build digital twins of cities around the world. A spin-off from Dutch research organisation TNO, Scenexus launched this week with a new platform for urban planning. The software blends multiple datasets to clone entire cities and regions. Planners and engineers then use the replicas to precisely analyse the impacts of their ideas. According to Scenexus, the platform can accelerate their assessments from days to just minutes. They can then forecast the social, environmental, and economic impacts of developments. A host of factors can be reviewed, from traffic and safety to financial growth…

Four billion years ago, Earth was a fiery, tumultuous world of molten rock, volcanic eruptions, and toxic skies, with searing heat and the constant threat of asteroid impacts. Thankfully, our planet has cooled off a bit since then. Nevertheless, the Earth still radiates vast amounts of geothermal energy. It’s a clean, limitless, always-on power source lying beneath our feet — we just have to dig for it. Or get robots to do the hard work for us.  Borobotics, a startup from Switzerland, has developed an autonomous drilling machine — dubbed the “world’s most powerful worm” — that promises to make…

Yet another deal has been signed between a publisher and a GenAI leader. Paris startup Mistral and news outlet Agence France-Presse (AFP) announced today that they are combining their services to improve AI responses. The deal provides Mistral’s chatbot — imaginatively named Le Chat — with access to all of AFP’s text stories.  According to Mistral, the integration will bring “enhanced factuality” to the AI assistant. “Partnering with a globally trusted news agency like AFP allows Le Chat to offer reliable, factual, and up-to-date responses, verified by professional journalists,” said Arthur Mensch, the startup’s CEO and co-founder. Mistral also highlighted…

Australian-German startup Quantum Brilliance has raised $20mn in Series A funding as it looks to deploy small, portable quantum accelerators that promise to supercharge the computational power of everything from data centres and robots to satellites. A quantum accelerator is a specialised hardware unit that speeds up specific quantum algorithms, or tasks. They act as co-processors to classical computers, such as CPUs or GPUs, taking on specific quantum calculations.   Austrian deep tech fund Main Sequence, In-Q-Tel (IQT) in the US, and Japan’s Intervalley Ventures led the funding round. “It represents a significant step forward as we advance the design, performance,…

TNW Conference will be born again this summer. Over 18 years of unforgettable events, countless future tech stars have used our stage as a springboard to success. We’ve driven vast investments, showcased endless innovations, and made friends along the way. We’ve also learnt from our mistakes. But don’t worry, fellow kids — we’re not getting old yet. We’re still mixing serious business with festival vibes. We are, however, shaking the party up a bit. To celebrate our coming of age, we’re going back to our roots. Today, we’re relaunching TNW Conference with a renewed focus on our founding mission: elevating…

Synthesia has claimed the crown of Britain’s biggest GenAI company after raising $180mn at a $2.1bn valuation. The London-based business generates lifelike avatars for video content. Enterprises use the software to produce training content and corporate communications. The tech has made Synthesia a leader in the burgeoning synthetic media industry. According to the startup, over 60,000 businesses are customers — including more than 60% of the Fortune 100. Investors have also shown a growing interest. In 2023, Synthesia earned unicorn status after securing $90 million in Series C funding at a valuation of $1 billion.  The latest cash injection creates another…

Shift, a social enterprise founded by Dutch tech entrepreneur Don Ritzen, has announced its ambitious plans to construct a massive landmark designed to inspire action on climate change.  Shift aims to attract 1 million annual visitors to the “New World Wonder,” which it estimates will cost up to $250mn. The startup plans to build the monument in the Netherlands, and if that’s successful, construct one on every continent.   “Civilisations before us built grand monuments to celebrate gods, momentous events or industrial progress,” Ritzen told TNW over the phone. “I truly believe that our generation needs something equally big and extraordinary…

Coming from South Africa but living in Europe, I can tell you that sending money to family and friends back home is a bit of a nightmare. Typically you must use a traditional bank, which can take a week or more, or payment apps like PayPal or Wise, which charge high fees.  The antiquated nature of remittance payments is something that immigrants are all too familiar with. Demand for better alternatives is giving rise to a new cohort of fintech companies looking to streamline the process. One of them is London-headquartered LemFi. Founded in 2021, the financial services platform enables…

More than half of knowledge workers now use generative AI weekly, according to a recent piece of research from Asana’s Work Innovation Lab, in partnership with Anthropic. The study also found that takeup ramped up by 44% over nine months in 2024. And those who use AI daily benefit most. Eighty-nine percent reported a productivity boost, whereas casual monthly users only saw a 39% increase in productivity. The report also found that knowledge workers believe generative AI has the potential to automate 31% of their job responsibilities. And the more ways they use AI tools at work, the more possibilities…