The company’s idea is backed by Headline and Global Founders Capital, as well as a stellar list of angel investors including Arthur Waller (founder of Pennylane) and others.

The startup’s desire is to solve an old problem that too often companies don’t even notice or consider until it becomes a real challenge: IT services and their management. Much of the “technical support” falls into the hands of engineers and/or developers, and this is far from the best use of their skills, energy and time.

“Consider the current process for onboarding a new hire. First, you buy a laptop from Apple. Plus keyboard, mouse, and screen from Amazon. Then manually add the employee to your HR software, the “fleet tracking” spreadsheet, the outsourced device management system (MDM) of choice, and so on. This means inconsistencies, overwork, and loads of admin. Traditional IT Management is expensive and no longer fits the needs of modern companies. That’s why we are thinking of Primo as an “operating system for IT.”

explained Primo co-founder Nicolas Nallet.

Primo’s core product centres around four key axes:

– Deploy: a free tier that allows employers to equip their teams with the hardware equipment they need on a flexible lease basis.

– Configure: an integrated mobile device management solution that allows for remote management, monitoring, configuration, and security of devices.

– Support: IT support + insurance. Primo directly handles all computer incidents.

– Secure: Antivirus solutions and end-point detection and response services that cover all external security needs.

“If there’s something that SMBs don’t have the time or resources to solve, that’s IT. Primo’s founding team, with their extensive product experience, is uniquely positioned to solve this issue for millions of SMBs. They are approaching the space with the right motivation and bringing a fresh, modern experience to the market with no equal in Europe”,

Angel investor Bill Tyndall, co-founder of New York-based unicorn company Electric.ai, which manages IT and IT support for teams via a SaaS app, commented.

According to the company, by the end of the year it will count 300 customers, including Dalma, Beebs and Cohort and, if all goes to plan, will result in an ARR of $2 million.

QuantWare’s quantum processor, called Tenor, has been chosen to run Israel’s first fully functioning quantum computer. It is claimed to offer 10 times lower cost than competing superconductor-powered quantum computers.

Such superconductors are used to create qubit atoms charged in such a way that they perform quantum entanglement, which in theory allows many more calculations to be performed synchronously.

“Because qubits are fully controllable, these processors are well suited for powerful error correction circuits. Such a design requires more connections per qubit than the commonly used fixed-frequency qubits, and as such were impossible to scale from 64 qubits with conventional planar devices.”

states the company.

QuantWare argues that earlier-generation superconducting devices require planar connections between qubits and the outside world, typically routed to the edges of the chip.

With its patented three-dimensional technology, it proposes to route qubits vertically to hypothetically stack thousands of entangled superconducting qubits, increasing the number of connections that its architecture can house.

The main advantage over some of the alternatives is that experts know more about controlling superconducting qubits and correcting errors-they’ve been around for decades. But the temperature requirement is another obstacle to scaling.

Stilride may be starting out by producing an electric motorcycle, but the company clearly has aspirations that are literally out of this world.

“The team at Adaxis has a huge amount of knowledge and experience in robotics and optimising robotic construction, so it’s great to have them on board to strengthen the capabilities of our tech,”

said Stilride co-founder and CEO Jonas Nvyang.

Thanks to a partnership announced today with French-Swedish robotics company Adaxis, the company will no longer need to source components, including hinges, fenders, and side covers, from outside suppliers.

“Not only will their technology improve the sustainability, speed, and cost-efficiency of producing the SUS1, but it will also help us reach our ultimate goal of rolling out a fully distributed production model where the construction of our products can be fully automated, powered by robotics technology.”

Jonas Nvyang continued.

Not only does this mean Stilride will be able to manufacture a number of these parts in-house, with Adaxis’ software allowing engineers to program a robotic arm to quickly 3D print large and complex parts, but it will also significantly reduce costs and material wastage, as well as possibly increasing quality control.

Technology plays a crucial role in the development of personalized medicine, and biomedical and healthcare startups are at the forefront of innovation and will change the future of medicine.

The one-size-fits-all approach is often ineffective in healthcare. Personalised medicine aims to provide a more tailored approach. This is also why a number of startups are developing health technologies that take into account patients’ unique genetic, biological and environmental factors.

Avatar Medical (France)
Avatar Medical creates real-time ED patient avatars to help clinicians and surgeons visualise medical images.The company’s VR solution helps surgeons better prepare their procedures by interacting with an ultra-fluid, photo-realistic VR representation of their patient’s medical images.

The solution is beneficial for understanding complex biological structures to help avoid mastectomies, shorten the operating time for reconstructive surgeries and inform hardware selection. Use cases include vascular, orthopedic, and head and neck surgery.

Biomesight
Biomesight is an AI-driven wellness analytics platform primarily focusing on the gut microbiome.

Over the past two decades, researchers are exploring the gut microbiota for potential gut microbe–host interactions, including the impact on metabolism, immune, and neuroendocrine responses.

The Biomesight test provides a snapshot of the gut microbiome utilizing 16S rRNA sequencing technology. This is then interpreted against recommended ranges for a subset of key bacteria (Probiotics, Commensals and Pathogens) and combined with other metrics to offer personalized recommendations for diet, prebiotic supplements and lifestyle adjustments.

Strike Pharma (Sweden)
Founded in 2020, Strike Pharma has developed proprietary Adaptable Drug Affinity Conjugate (ADAC) technology to take precision medicine to a new level. This makes it possible to create truly individualized immunotherapeutic treatments based on the genetic profile of a patient’s tumor.

Personalized genetics can increase therapeutic efficacy, and reduce dosage levels, thereby minimizing the risk of side effects.

“We have been remotely driving electric cars on public roads in Berlin and Hamburg for more than three years.”

explains CEO and co-founder Thomas von der Ohe.

The difference is that while Vay remotely drives cars that use a range of sensors, they do so with a real live human driver to ensure safety.

After receiving approval from TÜV SÜD, a branch of the German association for rigorous technical inspections, the German Road Traffic and Mobility Authority (BVM) granted Vay an exemption permit, paving the way for the Vay startup.

“This is a huge success for the entire team, but also for Hamburg and Europe. In the context of legally enabling new technologies, this is a significant step and Germany is making leaps in taking the global lead in teledriving technology,”

said von der Ohe.

Starting in 2022 (and make that in 2023), Hamburgers have the ability to order a ride, with a teledriver delivering the car to the customer within a few minutes. From there, it’s up to the customer to drive themselves to their chosen destination, but upon arrival, forget about finding a place to park, as a Vay teledriver will then resume control of the car and either parks it or carries on to the next customer, explains tech.eu

The company has made no secret of its desire to eventually move beyond the teleprompter and rely on autonomous driving features in the system when safe and permitted.

As startups continue to operate in a challenging macro environment, this increase in employee ownership reflects a growing recognition of the importance of rewarding talent by both entrepreneurs and investors.

The improvement also comes after Ireland, the Netherlands and Spain introduced reforms to national share option schemes from 1 January 2023, with further improvements planned in the UK, Austria and Belgium later this year.

Founders and policymakers recognise the crucial role of talent and continue to embrace stock options as a way to strengthen European start-ups and drive innovation.

The campaign, led by Index Ventures and backed by more than 700 CEOs, is pushing policymakers to reform outdated rules and regulations that limit employee ownership.

When it launched in 2017, European employee ownership at late-stage startups averaged 12%, compared to 20% in the United States — where employee ownership has long been recognised as a vital tool to attract the best talent. The new analysis finds that this has now risen to 16% in Europe.

With 124 new VC-backed unicorns in Europe in 2021 and 2022, this represents an additional €5 billion of value that is now in the hands of employees. As more startups mature, this number will multiply many times over, drawing in more talent to Europe’s innovation ecosystem.

Following the publication of the New European Innovation Agenda in July last year, the Commission is now expected to establish the European Stock Options Working Group led by Commissioner Mariya Gabriel, and the Directorate-General for Research and Innovation.

“Cloud computing continues to be an important technology trend, with ever more businesses becoming cloud-native. In the process, a major persisting challenge they face is to make applications more scalable and easier to deploy. We believe Kubeark is addressing this need by abstracting the complexity and allowing the user to define business rules that power the deployment process,”

said Ondrej Bartos, Co-founder and General Partner at Credo Ventures

The open, infrastructure-independent platform facilitates and innovates the way companies develop business models. With Kubeark, software providers can remove the complexity of the application development lifecycle by seamlessly deploying, managing and scaling applications across any type of infrastructure – from private or public cloud to on-premises, for both open and closed systems.

“Software vendors currently struggle with their hybrid cloud infrastructure and the transformation of products from on-premises to cloud on a large scale. Kubeark helps them achieve operational excellence regardless of where their infrastructure resides: on premises, on public, or on private cloud,”

Bogdan Nedelcov, Kubeark CEO and Co-founder said.

“Our platform ushers in a new era in which software products are delivered as true SaaS products, helping vendors speed time-to-value, hyper-scale their distribution, and SaaSify any piece of software instantly,”

he added.

The investment will help Kubeark accelerate platform development and build a strong network of global partners in order to advance and scale the adoption of its technology.

The platform enables the qualification and deciphering of deal pipelines in “seconds.”

Founded in 2021 by serial entrepreneur Federico Samueli, Superlayer’s platform provides sales teams and their managers with a comprehensive digital companion to boost performance.

The software includes a centralized dashboard with key performance indicators and an overview of future customer interactions. Sales accounts can be quickly annotated using conversational intelligence, and the platform also offers AI-based scenario predictions. Superlayer plugs directly into a customer’s existing CRM software package, tech.eu writes further on the topic.

“In the current economic climate, there is a lot of pressure on CROs and sales teams to ensure that revenue is predictable. When it comes to CRM systems, sales reps can often feel overwhelmed and struggle to prioritize tasks, while team leaders become increasingly anxious due to a lack of visibility.”

Samueli said.

Superlayer said that after the fundraising, it will invest to refine its product and hire more staff, looking to reach sales teams in new industry verticals.

Tensions in sales teams are rising due to the macroeconomic recession, Samueli says. Strict sales targets, which are often linked to remuneration, could cause significant anxiety.

Triple Point Ventures’ investment director, Seb Wallace, added sales teams had few B2B software products to choose from to gather actionable data on performance.

Machine learning has a valuable role to play in legal disputes. Legal technology is increasing efficiency, reducing delays and lowering costs by making legal services more accessible than ever. And whether or not it’s approved by most people, artificial intelligence is gradually starting to play an important role in the legal system and dispensing justice.

Lawyer365 (UK)
Lawyer365 brings teleconsulting to law with a digital app providing access to free legal information services and free appointments with qualified lawyers, straight from your smartphone. Lawyer 365 lets you see a lawyer by video 365 days a year in minutes.

Legal document templates are available, including hundreds of editable agreements and contracts to enable you to protect your business and keep up with your legal and compliance requirements.

The company has raised $1.8M in funding over two rounds, including a seed round in April 2022.

Avokaado (Estonia)
If there’s one workplace task begging for legal automation, it’s the drafting of legal documentation. Avokaado has developed automated templates that can draft even the most complex documents and contracts up to 98% faster.

The company raised €700,000 in pre-seed funding in 2021.

Chi Odia Paga (Italy)
Cybercrimes happen every day, but the laws in many countries are decades behind rapidly evolving technology. In Italy, conduct such as stalking, revenge porn, defamation, and threats, if prosecuted, can result in fines and even prison sentences.

Chi Odia Paga offers a quick and functional digital service to fight hate online and help people who have suffered legally prosecutable conduct obtain justice and adequate compensation, all without upfront payments.

Eperoto (Sweden)
Legal disputes can have enormous financial and emotional challenges for all parties involved. Swedish startup Eperoto was founded in 2020 and has developed an easy-to-use software tool to help those in legal disputes to attain a structured analysis of the potential courses of action. This enables users to make rational and informed decisions whether in a local court or international arbitration case.

The company has raised $351.6K in funding over three rounds, with a pre-seed round in 2021.

DeepJudge (Switzerland)
Law firms typically work on hundreds of documents per case, which are nothing short of unwieldy and time-consuming. DeepJudge AG is a spin-off of ETH Zurich focusing on the contextual understanding and processing of legal documents.

Its technology combines Deep Learning and Natural Language Processing to create more comprehensive documents. For example, it automatically highlights crucial information in documents, referencing with relevant external data such as legal codes, court rulings, commercial registries, encyclopedias and etc.

Uncover (The Netherlands)
Dutch startup Uncover has developed software to help litigation lawyers through every step of court preparation. Leveraging AI, Uncover software can readily process large amounts of documentation and, for example, accurately identify relevant events to generate a timeline, which is often a foundation for building a solid legal case.

Conny (Germany)
Berlin-based Conny was founded in 2016 and has built a tech platform that makes consumer legal claims. Whether you’re fighting a rent increase, bond return, or unlawful termination at work, Conny strives to make the process as easy and fast as ordering a pizza. Its software checks possible claims and the chances of success free of charge in the shortest possible time, and it usually only costs you if you win your case.

The company raised an undisclosed Series A in 2019.

The company says trading is booming following fivefold annual growth through 2022 and the expansion of the business into three additional European markets: Norway, Finland and Germany.

According to Anyfin, customers save 50% on average loan costs using its platform.

The company plans an even bigger role for personal financial services with discounts to undercut traditional lenders. The key is likely to be in service delivery – no start-up wants to fall into the trap of negative media coverage of debt.

This Series C funding brings Anyfin’s total equity funding to $131 million, but that’s in addition to €500 million in debt facilities agreed to help Anyfin grow its loan book.

“With the current cost of living crisis putting increasing pressure on household finances, what we do is more valuable than ever for consumers, and this new capital will enable us to continue improving the scope and scale of our offering.”

Anyfin CEO and co-founder Mikael Hussain said.

He further said that the investment shows that the financial industry is undergoing a significant restructuring where the financial well-being of consumers is paramount.

With this capital, Anyfin will focus its internal resources on new product features, and aims to accelerate growth in its four operating markets.