Kapital secures $130M financing and acquires Woz Code for $30M
Mexican financial technology company Kapital secured $130M in equity and debt financing and separately acquired US-based AI firm Woz Code for $30M, Techloy reported. The financing brings Kapital's valuation to $2B as it expands it...
iRhythm reports patient-data breach and updates financial guidance
iRhythm Holdings reported unauthorized access to certain patient data and submitted regulatory disclosures about the breach, Yahoo Finance reports. The company also updated its operational and financial guidance in response to the...
Besso secures €4.29 million to expand trade regulation platform
Bern-based Besso has secured €4.29 million (CHF 4 million) from a single European family office to expand its AI platform for managing international trade regulations. The company plans to increase headcount, serve more multinatio...
Ecosia CEO says move from Mistral prioritizes open models and European hosting
Ecosia is moving away from Mistral to open AI models for lower costs, greater flexibility and reduced energy consumption, founder and CEO Christian Kroll told EU-Startups. He said the search engine would probably use Melious.ai, a...
Klarent closes €7.13 million seed round for US expansion
Zurich-based software testing startup Klarent has closed a €7.13 million seed round led by Mosaic Ventures, with participation from Moonfire Ventures and angel investors. The company plans to use the funding to enter the United St...
Preprint proposes matrix compression method that matches or improves standard approximation
Researchers report a matrix compression method that matches or improves truncated singular value decomposition, which represents data with a smaller low-rank approximation, at equal parameter cost. Their preprint tests the method ...