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News from Silicon Canals

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Top Silicon Canals News

European Companies Urge EU to Delay AI Rules
Ursula Von Der Leyen

European Companies Urge EU to Delay AI Rules

43% Left coverage: 14 sources
Dozens of Europe's biggest companies urged the EU to hit the pause button on its landmark AI rules on Thursday, warning that going too fast could harm the bloc's ability to lead in the global AI race.See the Story
Finland-Based Steady Energy Secures €32M
Helsinki · Helsinki

Finland-Based Steady Energy Secures €32M

57% Left coverage: 7 sources
Steady Energy, a Finnish nuclear tech company that aims to transform the heating industry, has completed a €32M funding round. The company reached the halfway mark of the round back in March 2025 with a €22M raise led by 92 Ventures (now rebranded as 92 Capital). The current investment saw participation from LocalTapiola (a mutual insurance company), Tesi (Finnish Industry Investment, a state-owned investment company), Amsterdam’s Move Energy, V…See the Story
Zango AI Raises USD 4.8 Mn Round Led by Nexus Venture Partners
Artificial Intelligence

Zango AI Raises USD 4.8 Mn Round Led by Nexus Venture Partners

100% Right coverage: 2 sources
The funding will be used to scale teams in Bengaluru and London, and to further develop Zango's AI-native Governance, Risk, and Compliance (GRC) product suite.See the Story

E-Commerce Logistics Startup Hived Could Reach Profitability with $42M ...

100% Left coverage: 1 sources
Kyt Dotson / SiliconANGLE: London-based Hived, which offers an AI-based logistics and parcel delivery service, raised a $42M Series B led by NordicNinja  —  London-based parcel delivery startup Hived Ltd.today said it has raised $42 million in early-stage funding aimed at supporting the company's expansion into regional markets …Technology · LondonSee the Story

Leeds company AssetCool seals £10m investment deal to trigger new jobs

The new funding will enable it to scale globally and create 15 new jobsTechnology · EnglandSee the Story

Sweden's Nordic Air Defence secures €2.5M to accelerate Europe’s drone defence revolution - Silicon Canals

Stockholm-based Nordic Air Defence, a defence tech startup, has secured $3M (approximately €2.5M) in an expansion of its pre-seed funding round, bringing the total to $4.4M (approximately €3.7M). The funding round was led by the venture capital firm Inflection, which also resulted in changes to the company’s board composition as it enters a crucial phase of its growth journey. This expansion makes Nordic Air Defence’s pre-seed round one of the l…Stockholm, Sweden · StockholmRead Article

Peec AI Raises €7M to Empower Marketers in AI Search Era

Berlin-based startup Peec AI has raised €7 million in funding just five months after its founding, signaling explosive momentum in the rapidly evolving field of AI search. This includes a €1.8M pre-seed round closed in April 2025, followed by a €5.2M Seed round led by 20VC, with participation from Antler, Foreword VC, Identity.VC, Combination VC, and S20. The startup’s platform is designed to help marketing teams analyze and improve brand visibi…Startups · GermanySee the Story

IoT Connect: unifying devices, data & decisions - Silicon Canals

In addition to artificial intelligence, the Internet of Things (IoT) ecosystem is also growing at a never-before-seen rate. As IoT grows, organisations across industries face mounting challenges in managing complex device networks, connectivity services, and the vast streams of data generated by connected devices.  The complexity of coordinating multiple SIM types, service configurations, and billing models while maintaining real-time visibility…Artificial IntelligenceRead Article

Berlin-Based Talon.One, Which Provides Software for Brands to Run Personalized Promotions and Loyalty Schemes, Raised $135M

Freya Pratty / Sifted: Berlin-based Talon.One, which provides software for brands to run personalized promotions and loyalty schemes, raised $135M  —  UiPath and Salesforce investor Meritech Capital is among those backing the company  —  Talon.One, a Berlin-based startup which helps retailers offer promotions and loyalty schemes, has raised $135m.Adidas · GermanySee the Story

Delft-based FieldFactors raises €1.6M

Delft-based FieldFactors has raised €1.65M in a funding round to support the growth of its local rainwater reuse systems. The oversubscribed round attracted investors from Europe, the US, and Latin America. The investment was led by Dutch impact investor Connect the Drops, with additional participation from Tailwind Climate, Amplifica Capital, Vanzal Limited, and the Water Innovation Fund. The investors are contributing capital along with sector…Delft · DelftRead Article

Dutch photonic chipmaker EFFECT Photonics raises additional €20.4M to accelerate optical innovation - Silicon Canals

Eindhoven-based EFFECT Photonics, a provider of next-generation coherent optical solutions for data centre and edge networks, has raised an additional $24M (approximately €20.4M) as part of its Series D financing round. This funding round brings the total raised in the round to $62M (approximately €52.6M). “This funding milestone reinforces the strong market demand we’re seeing and allows us to execute aggressively on our roadmap,” says Roberto …Eindhoven · EindhovenRead Article

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