Updated on Oct 11, 2024
1. Ciudadela receives €2M to boost the digitization of property management 🏢💻
Ciudadela, the startup aiming to modernize and digitize the management of estates and homeowners' associations, has raised 2 million euros in its latest funding round. This capital arrives at a crucial moment for the company, which aims to transform a sector traditionally anchored in manual and inefficient processes.
What does Ciudadela offer?
Total management digitization 📲: Ciudadela allows property managers to manage all aspects of a homeowners' community through an online platform. From fee payments to incident resolution, everything is managed centrally and with complete transparency.
Time and resource savings ⏳: With the automation of routine tasks such as invoice management or communication with neighbors, managers can dedicate more time to strategic and higher-value tasks.
Transparency and smooth communication 💬: Owners can access all relevant information about their community in real-time, which improves transparency and facilitates better coexistence.
How will the capital be invested?
Technological development 🖥️: The company will allocate part of these 2 million euros to enhance and expand the functionalities of its platform, integrating artificial intelligence tools to further automate processes.
Expansion into new markets 🌍: Ciudadela aims to grow not only in Spain but also in other European markets, where the demand for technological solutions for property management is on the rise.
Team growth 👥: The startup plans to hire more talent in key areas such as development, sales, and customer service to support the rapid growth of the company.
👉🏻 Read more about Ciudadela's funding round and how they plan to revolutionize the sector.
2. Submer raises €50M in an investment round led by MG 💧💻
Submer, the startup that is revolutionizing the data center sector with its innovative immersion cooling technology, has closed a funding round of 50 million euros 💥. The round was led by MG, with participation from other strategic investors betting on sustainability and energy efficiency.
What does Submer do and why is it so innovative?
Liquid immersion cooling 🛠️: Submer has developed a technology that immerses servers in a specialized liquid that absorbs heat, reducing energy consumption and improving the efficiency of data centers.
Sustainability 🌱: This system allows for up to a 50% energy savings in cooling servers, making Submer a key solution for data centers looking to reduce their carbon footprint.
Greater durability 🖥️: By being submerged in this non-conductive liquid, servers not only cool better but also have a longer lifespan, as failures due to overheating are reduced.
How will the €50 million be used?
Scaling production ⚙️: With this new capital injection, Submer plans to expand its manufacturing capacity to meet the growing demand for its technology globally.
R&D in liquid cooling 🔬: Part of the funds will be allocated to further improve and refine immersion technology, keeping Submer at the forefront of innovation in data centers.
International expansion 🌍: The company also plans to grow in new key markets, positioning itself as a global leader in sustainable cooling solutions for data centers.
👉🏻 Discover more about Submer's investment round and how they plan to transform the data centers of the future.
👉🏻 More about submer
3. Stellar raises €9.3M to revolutionize connectivity and mobility!🚗📶
Stellar, the startup specialized in connectivity and mobility solutions, has closed an impressive funding round of €9.3 million 💥. With this capital, the company seeks to accelerate the development of its technology that promises to transform how vehicles, infrastructures, and people connect in the digital world.
What does Stellar do?
Advanced connectivity for vehicles 🚙📡: Stellar focuses on developing solutions that allow fluid connections between vehicles and urban infrastructures, optimizing traffic and improving mobility in cities.
Internet of Things (IoT) applied to mobility 🌐: Thanks to the implementation of IoT, vehicles can communicate with each other and their environment, facilitating a safer and more efficient driving experience.
Intelligent and sustainable mobility 🚦🌍: Stellar's technology aims to reduce congestion and improve the use of energy resources, promoting more sustainable and less polluting urban mobility.
How will the €9.3 million be used?
Development of new technologies 🛠️: The startup will invest in enhancing its connectivity platform, integrating artificial intelligence and big data to offer smarter and more personalized solutions.
Expansion of the strategic partner network 🤝: Stellar plans to expand its collaborations with vehicle manufacturers, telecommunications companies, and local governments to implement its technology in more cities and countries.
Team growth 👥: Part of the capital will be dedicated to hiring experts in mobility, IoT, and technological development, driving the company's growth and accelerating the implementation of its solutions.
Juan García, CEO and co-founder of Stellar, stated: “This investment is a great endorsement of our vision for a more connected and efficient mobility. We are very excited about what’s to come and to bring our technology to more places.”
👉🏻 Read more about Stellar's funding round and how they are transforming mobility in cities.
4. xFarm Technologies raises €28M to take digital agriculture to the next level🌾💻.
Agricultural technology is on the rise, and xFarm Technologies has just taken a big step forward by closing a funding round of €28 million 💶🚜. This Swiss startup has established itself as one of the main references in the digital agriculture sector, providing tools that allow farmers to manage their land more efficiently and sustainably 🌍.
xFarm combines the power of data, sensors, and artificial intelligence to offer agricultural management solutions that enhance productivity and reduce environmental impact. From real-time crop monitoring to optimizing resource use such as water and fertilizers, xFarm is helping farmers make more informed and precise decisions 📊📉.
This new funding round was led by Swisscom Ventures and Emerald Technology Ventures, reflecting investors' confidence in xFarm's ability to transform the future of agriculture🚀. With the funds obtained, the startup plans to expand its presence in Europe and further improve its digital platform to meet the needs of farmers worldwide 🌍🌾.
"We want to empower farmers with the necessary tools to face future challenges", commented Matteo Vanotti, CEO of xFarm. This funding will allow them to expand their team and accelerate the development of new features for their platform.
👉🏻 Here is the complete news about the round
👉🏻 Discover more about xFarm Technologies and their vision for the future of agriculture.
With this financial boost, xFarm is one step closer to revolutionizing how we grow our food, making agriculture smarter, more efficient, and sustainable. 🌿💡
5. The report "State of AI 2024" reveals how Europe is gaining ground in the AI race 🇪🇺🤖.
Europe is stepping up in AI! The latest "State of AI 2024" report, published by Air Street Capital, highlights that the old continent is emerging as a key player in the global AI race 🏆. Although historically the United States and China have led AI development and investment, Europe is accelerating its progress in several strategic areas, demonstrating its capability to compete globally 🌍.
One of the areas where Europe is excelling is in AI research, with several centers of excellence and European universities leading cutting-edge projects. In fact, the report emphasizes that Europe has outpaced the U.S. in the number of AI research publications for the first time 🎓📊. This research advantage is crucial for the development of advanced technologies and the creation of innovative startups.
Moreover, the report also notes that European investors are heavily betting on AI, with a significant increase in funding rounds for startups developing artificial intelligence-based solutions. Europe is witnessing a boom of tech unicorns, with emerging companies applying AI in sectors such as biotechnology, health, and sustainability 🌿💉.
"Europe is capitalizing on its strength in research and is attracting increasingly more capital to boost its AI ecosystem", commented Nathan Benaich, co-author of the report. This is helping the region position itself as a global competitor, with a particular focus on ethical and responsible AI applications, something that also resonates with the regulatory policies of the European Union 📜⚖️.
