Latest from Paul Sawers
Squarespace sells restaurant reservation system Tock to American Express for $400M
Website building platform Squarespace is selling Tock, its restaurant reservation service, to American Express in a deal worth $400 million — the exact figure that Squarespace paid for the service…
Amazon is bringing its generative AI listing smarts to more sellers, revealing today that those in France, Germany, Italy, Spain and the U.K. can now access tools designed to improve…
‘Lawyer-in-the-loop’ startup Wordsmith wants to bring AI paralegals to all employees
Wordsmith, a fledgling Scottish legal tech startup, has somehow managed to attract the backing of two well-known venture capital firms. The startup targets in-house legal teams and law firms with…
The U.K.’s Competition and Markets Authority (CMA) has initiated a formal “phase 1” investigation into Hewlett Packard Enterprise’s (HPE) planned acquisition of Juniper Networks. The CMA said it’s in the…
Featured Article
Privacy app maker Proton transitions to nonprofit foundation structure
The newly setup Proton Foundation will serve as the main shareholder to the existing corporate entity that is Proton AG, which will continue as a for-profit company under the auspices of the Foundation.
Meta pauses plans to train AI using European users’ data, bowing to regulatory pressure
Meta has confirmed that it will pause plans to start training its AI systems using data from its users in the European Union and U.K. The move follows pushback from…
Gorilla, a Belgian startup that helps energy providers crunch big data, raises $25M
Gorilla, a Belgian company that serves the energy sector with real-time data and analytics for pricing and forecasting, has raised €23 million ($25 million) in a Series B round led…
Featured Article
Let there be Light! Danish startup exits stealth with $13M seed funding to bring AI to general ledgers
It’s not the sexiest of subject matters, but someone needs to talk about it: The CFO tech stack — software used by the chief financial officers of the world — is ripe for disruption. That’s according to Jonathan Sanders, CEO and co-founder of fledgling Danish startup Light, which exits stealth…
LinkedIn to limit targeted ads in EU after complaint over sensitive data use
LinkedIn has confirmed it will no longer allow advertisers to target users based on data gleaned from their participation in LinkedIn Groups. The move comes more than three months after…
Bain to take K-12 education software provider PowerSchool private in $5.6B deal
Education software provider PowerSchool is being taken private by investment firm Bain Capital in a $5.6 billion deal.
Stock-trading app Robinhood is diving deeper into the cryptocurrency realm with the acquisition of crypto exchange Bitstamp.
Ashkenazi will start her new role at Google’s parent company on July 31, after 23 years at Eli Lilly.
SAP sees WalkMe’s focus on automating contextual, in-app support as bringing value to its own enterprise customers.
GetWhy, a market research AI platform that extracts insights from video interviews, raises $34.5M
GetWhy helps businesses carry out market studies and extract insights from video-based interviews using AI.
Spotify to increase premium pricing in the US to $11.99 per month
Spotify has announced it’s hiking subscriptions for customers in the U.S., the second such price increase in the space of a year. The music-streaming giant reports that premium pricing will…
UK neobank Monzo reports first full (pre-tax) profit, prepares for EU expansion with Dublin hub
Monzo has announced its 2024 financial results, revealing its first full-year pre-tax profit. The company also confirmed that it’s in the early stages of expanding into the broader European market…
Chinese e-commerce marketplace Temu faces stricter EU rules as a ‘very large online platform’
Temu is to face Europe’s strictest rules after being designated as a “very large online platform” under the Digital Services Act (DSA).
AI manufacturing startup funding is on a tear as Switzerland’s EthonAI raises $16.5M
In its three-year history, EthonAI has amassed some fairly high-profile customers including Siemens and chocolate-maker Lindt.
Spotify hikes subscription price in France by 1.2% to match new music-streaming tax
Spotify has hiked its premium subscription in France by an eye-watering €0.13, in response to a new music-streaming tax.
Featured Article
More neobanks are becoming mobile networks — and Nubank wants a piece of the action
Nubank is taking its first tentative steps into the mobile network realm, as the NYSE-traded Brazilian neobank rolls out an eSIM (embedded SIM) service for travelers. The service will give customers access to 10GB of free roaming internet in more than 40 countries without having to switch out their own…
Big Tech companies are plowing money into AI startups, which could help them dodge antitrust concerns
Another week and another round of crazy cash injections and valuations emerged from the AI realm. DeepL, an AI language translation startup, raised $300 million on a $2 billion valuation;…
Google to build first subsea fiber-optic cable connecting Africa with Australia
Google is preparing to build what will be the first subsea fiber-optic cable connecting the continents of Africa and Australia. The news comes as the major cloud hyperscalers battle it…
Humane, the creator of the $700 Ai Pin, is reportedly seeking a buyer
Humane, the company behind the hyped Ai Pin that launched to less-than-glowing reviews last month, is reportedly on the hunt for a buyer.
Data-labeling startup Scale AI raises $1B as valuation doubles to $13.8B
Scale AI has raised a $1 billion Series F round from a slew of big-name institutional and corporate investors including Amazon and Meta.
Vitesse, a payments and treasury management platform for insurers, raises $93M to fuel US expansion
London-based fintech Vitesse has closed a $93 million Series C round of funding led by investment giant KKR.
Zen Educate raises $37M and acquires Aquinas Education as it tries to address the teacher shortage
Zen Educate, an online marketplace that connects schools with teachers, has raised $37 million in a Series B round of funding. The raise comes amid a growing teacher shortage crisis…
UK’s autonomous vehicle legislation becomes law, paving the way for first driverless cars by 2026
The U.K.’s self-proclaimed “world-leading” regulations for self-driving cars are now official, after the Automated Vehicles (AV) Act received royal assent — the final rubber stamp any legislation must go through…
Bumble buys community building app Geneva to expand further into friendships
Dating app maker Bumble has acquired Geneva, an online platform built around forming real-world groups and clubs. The company said that the deal is designed to help it expand its…
Featured Article
Microsoft dodges UK antitrust scrutiny over its Mistral AI stake
Microsoft won’t be facing antitrust scrutiny in the U.K. over its recent investment into French AI startup Mistral AI.
Strava taps AI to weed out leaderboard cheats, unveils ‘family’ plan, dark mode and more
Strava announced a slew of features, including AI to weed out leaderboard cheats, a new ‘family’ subscription plan, dark mode and more.