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Distance Technologies raises a $2.7M pre-seed round from Finnish investors

Maki.vc and FOV Ventures have co-led a $2.7 million pre-seed investment round for Distance Technologies, a Helsinki-based startup developing glasses-free mixed reality solution. Business Finland and David Helgason’s Foobar.vc also participated in the financing. About Distance Technologies Investment details This

Ukrainian wellbeing startup Rozmova to receive $100k from Google, reaching $8M in value

Ukrainian mental health startup Rozmova (in the international market — Clearly) will receive $100,000 in funding from the Google for Startups Ukraine Support Fund. The financing aims to expand its presence in foreign markets (Poland, Spain, and Latin America). We

Finnish startup Flow Computing secures €4M in a pre-seed funding

Flow Computing, a Helsinki-based startup specializing in on-die ultra-high-performance parallel computing solutions, has announced a €4 million in a pre-seed funding round. The investment was led by Butterfly Ventures and will accelerate Flow’s development of its Parallel Processing Unit technology. About Flow

Google selects Ukrainian startups to receive up to $100k in grants

Google has announced the first 2024 recipients of the fund to support Ukrainian startups in Ukraine, which provides a total of $10 million in funding. In addition to grants of up to $100,000, selected startups receive Google Cloud credits, as

US introduces new sanctions against Russia banning the provision of IT services

On the eve of the G7 summit in Italy, the United States government imposed more than 300 new sanctions against companies that help Russia wage war in Ukraine and evade already imposed sanctions, the US Treasury Department states. Regarding IT

French startup Mistral AI raises $640M in Series B to expand its AI model development

The Paris-based AI development company Mistral AI has raised an astounding €600 million (around $640 million) to close its Series B funding round through equity and debt financing. Currently, the startup is valued at $6 billion following this funding round.

Lithuanian defense tech Broswarm wins at NATO Innovation Challenge

Vilnius-based startup Broswarm has won the 15th NATO Innovation Challenge selected for Landmine Clearance Solution, where 51 entries from thirteen countries presented their solutions to address Remote Explosive-Contaminated Area Recognition and Neutralization. Broswarm aims to expand its new technology and

Uklon co-founders invest $200k in Buntar Aerospace. How their foundation will support Defense Tech startups

Uklon Co-Founders Vitalii Diatlenko, Sergii Smus, Victoria Dubrovska, and Dmytro Dubrovskyi ceased their operational management duties in August 2023 and created an investment fund to support Ukrainian defense tech companies. Dmytro Dubrovskyi talked with the Editor-in-Chief of AIN.UA about how

Finnish spinoff company CeLLife closes a €2M seed funding from Ventech

CeLLife Technologies, a Tampere-founded spinoff company providing battery measurement and quality control technology, has closed a €2 million seed funding round led by the Pan-European VC fund Ventech. This funding round will support CeLLife’s development and expansion. About CeLLife I

SaleSqueze secures $1.5M in a seed funding to revolutionize sales of complex products

SaleSqueze, a Slovenian SaaS platform that supports the sales of complex and configurable products, has raised $1.5 million in a seed round. The Romanian VC firm Underline Ventures is the lead investor. The new investment will be used to accelerate the company’s