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European Innovation Council stories

iPronics raises USD $125 million for AI optical switching
Semiconductors

iPronics raises USD $125 million for AI optical switching

Demand for AI data-centre networking is pushing iPronics to scale its optical switch platform after a USD $125 million Series B.

By Sofiah Nichole Salivio • 4 min read • Last month
Sensmet wins EUR 2.5 million grant for water monitoring
Building materials

Sensmet wins EUR 2.5 million grant for water monitoring

The funding will help speed up real-time metals data for battery, mining and wastewater operators seeking to cut delays in lab testing.

By Mark Tarre • 4 min read • Mon, 15th Jun 2026
Quobly raises €115 million to scale quantum hardware
Semiconductors

Quobly raises €115 million to scale quantum hardware

The French start-up will use the cash to move from research to industrial production, with its first commercial system due by the end of 2026.

By Joseph Gabriel Lagonsin • 4 min read • Tue, 9th Jun 2026
Quobly raises EUR €115 million in Series A funding
Data centers

Quobly raises EUR €115 million in Series A funding

The French start-up will use the cash to industrialise silicon-based quantum hardware and prepare its first cloud product for 2026.

By Sofiah Nichole Salivio • 5 min read • Mon, 8th Jun 2026
Multiverse & Axelera partner to push AI to the edge
Semiconductors

Multiverse & Axelera partner to push AI to the edge

Multiverse and Axelera link compressed models with edge chips to run datacentre-class AI locally, cutting latency, power and cloud reliance.

By Sean Mitchell • 4 min read • Wed, 18th Mar 2026
Hummink raises EUR €15 million to boost microchip defect repairs
Venture Capital

Hummink raises EUR €15 million to boost microchip defect repairs

Paris-based Hummink has raised EUR €15 million to enhance microchip defect repairs, boosting yields in semiconductor and display manufacturing sectors.

By Sean Mitchell • 3 min read • Tue, 18th Nov 2025
Oledcomm CEO Benjamin Azoulay named new Chair of LiFi Task Force
Thales

Oledcomm CEO Benjamin Azoulay named new Chair of LiFi Task Force

Oledcomm CEO Benjamin Azoulay takes the helm as Chair of the LiFi Task Force, signalling progressive strides forward for LiFi technology; a secure, low-detection alternative to mainstream wireless communication.

By Imee Dequito • 3 min read • Wed, 10th Apr 2024

Stories from Other Regions

European Innovation Council stories

VSORA unveils Jotunn8 AI chip after EUR €40 million boost
Hyperscale

VSORA unveils Jotunn8 AI chip after EUR €40 million boost

French firm VSORA unveils Jotunn8 AI chip after EUR €40 million funding, aiming to rank Europe among top global AI inference hardware suppliers.

By Jed Nykolle Harme • 4 min read • Thu, 23rd Oct 2025
Kyron.bio raises EUR €5.5m to boost safer antibody therapies
EduTech

Kyron.bio raises EUR €5.5m to boost safer antibody therapies

Paris-based kyron.bio has raised EUR 5.5m to advance glycan-engineering tech, aiming to improve safety and efficacy of antibody therapies for cancer and autoimmune diseases.

By Jed Nykolle Harme • 4 min read • Thu, 29th May 2025