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Embracer exits russia, selling Ukrainian studios Fractured Byte and, likely, 4A Games to russians

Swedish video game holding company Embracer Group has announced today that it is exiting the russian market and selling its “daughter” Saber Interactive for $247 million. The Ukrainian game developer Fractured Byte will be transferred to a buyer with russian

Finland’s Tesi exits Ultimate, a Finnish AI company

Tesi (officially Finnish Industry Investment Ltd) has announced its exit from Ultimate, a Finnish AI company, following its initial investment which was made in 2023. The acquiring party is Zendesk, a global customer experience (CX) software company. Ultimate transitions to

Lithuanian defense tech Broswarm raises $100k to develop landmine-detecting drones

Broswarm, a Vilnius-based defense tech startup focused on mine detection, has raised $100,000 in a fresh funding to improve the global approach to mine detection using drones. The round was led by ScaleWolf, a hybrid accelerator and fund for defense

Ukrainian-founded AI startup Beholder raises nearly $1M investment

Beholder, an AI-based remote sensing platform for critical minerals and energy resources exploration, has raised $940,000 in a fresh investment. The round was led by InnoEnergy, with participation from Rockstart and STRT Ventures funds. The Rockstart Energy Program aligns perfectly

Ukrainian e-government application Diia is now an open source

The Ukrainian Government has made the decision to make the base code of the e-governement Diia application an open source, according to Mykhailo Fedorov, the Digital Transformation Minister. This will allow other countries to import the code and launch their

European Parliament approves the AI Act, world’s first comprehensive AI law

The European Parliament has approved the world’s first comprehensive AI Act on Artificial Intelligence (AI) to minimize the risks associated with its use, BBC reports. The draft law classifies AI developments according to the level of danger and establishes appropriate

EU lifts sanctions on Yandex co-founder Arkady Volozh

The European Union has lifted sanctions against Yandex co-founder Arkady Volozh, according to a March 12 document published in the EU’s official journal. The former head of Yandex was among three people removed from the sanctions list this week. What

Estonian deeptech GScan raises €3M in a seed funding round

GScan, a Tallinn and London-based deeptech startup, has raised a fresh €3 million seed investment round to advance its ray muon tomography. New investors include Bolt-founder Markus Villig and Japanese corporate venture funds. The startup told AIN the details. About

Austrian car fleet platform Necture raises $7M in Series A round

Necture, a Vienna-based startup that develops a platform for managing car fleets and charging infrastructure, has raised $7 million in a Series A investment. The round was led by Smart Energy Innovationsfonds, joined by Verbund X Ventures, Speedinvest, and smartworks

Up to $15k in prize money and mentoring — IT Arena announces open call for startups

The eleventh IT Arena conference has started accepting applications for participation in the Startup Competition 2024 where startups can receive up to $15,000 in prize capital and mentoring. You can find out more and apply on the official website of