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Gothenburg-based Vesiro, a spinout from Chalmers University, has raised €1.6 million in seed funding to expand its performance-focused plug-in for Elasticsearch, designed to improve search efficiency and reduce server energy consumption in large-scale data environments.
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London-based xWatts, an intelligent energy management platform focused on decarbonising complex real estate assets, has closed a £1.6 million seed funding round to further develop its AI- and machine-learning-based technology for managing energy use and reducing carbon emissions in buildings across Europe.
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Dublin-based MARC, an AI company focused on real estate asset management, has raised a $1 million pre-seed round from angel investors to further develop its AI-powered contract agents which streamline contract and expense management for large real estate portfolios.
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Robotics startup Allonic in Hungary secured funding from OpenAI and Hugging Face angels. Details of the investment and startup activity are not available in the provided summaries.
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The UK's AI minister is urging UK tech startups to take bold risks, as Fractile, a UK chip startup, invests £100M in its business to develop next-generation chips focused on LLM inference and expand its UK-based team.