DoorDash buys Deliveroo for £2.9B — less than half its IPO price


US food delivery giant DoorDash has acquired British rival Deliveroo in a £2.9bn ($3.9bn) deal, ending the UK business’ rocky tenure as a public company.  The all-cash offer, priced at £1.80 ($2.40) per share, represents a 77% premium over Deliveroo’s recent trading p

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Exclusive: Eyeo exits stealth to give cameras human-like colour vision


Dutch startup Eyeo has emerged from stealth with €15mn in funding to advance a breakthrough photonics technology for cameras that could radically disrupt the way we take images. Eyeo spun out last year from Belgium’s Imec, one of the world’s leading nanoe

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Meet the 5 Baltic scaleups in TECH5’s ‘Champions League of Tech’


Five standout scaleups from the Baltics have made it into TECH5 — the “Champions League of Technology.”  Representing Estonia, Lithuania, and Latvia, the quintet will now challenge rivals from six other regions for the title of Europe’s hottest scaleup. To ear

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Iberian blackout points to grid growing pains — not green energy failure


Spain and Portugal have largely restored power after Monday’s unprecedented blackout — the worst in recent European history. The fallout has put the region’s reliance on renewables under fire. Santiago Abascal, leader of Spain’s far-right

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Opinion: Scaling UK tech is a geopolitical imperative


Amid the economic malaise that followed the 2008 financial crisis in the UK – record unemployment, sluggish growth, tight fiscal consolidation – a game-changing policy drive was beginning to take shape.  This shift, driven by the Conservative-led coalition gov

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Exclusive: Danish supercomputer powers AI care ‘companion’ for hospitals


Danish startup Teton has used Gefion, one of Europe’s most powerful supercomputers, to turbocharge the development of its AI “care companion” for hospital staff.  Teton installs cameras and sensors in hospital rooms to gather real-time data. This g

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Heart Aerospace’s US move shows Europe is ‘driving innovation away’


Swedish electric plane startup Heart Aerospace is relocating its headquarters from Gothenburg to Los Angeles in a move it says will “bolster product development.”  The company will lay off all of its 75 employees in Sweden,

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Europe’s biggest blackout made me confront my dependence on tech


Unprecedented power cuts swept across Portugal, Spain, and parts of France on Monday — instantly unravelling the tech-dependent lives of me and tens of millions of others.  At first, I wasn’t worried. Then the owner of my Lisbon apartmen

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Tinder Swindler survivor launches identity verifier to fight scams


A Tinder Swindler survivor has launched a tool to fight the scams that upended her life.  Pernilla Sjöholm, who starred in Netflix’s hit documentary The Tinder Swindler, cofounded the platform — called IDfier — alongside computer scientist Suejb Memeti.  Relea

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Giant radar ‘umbrella’ launches into space on mission to transform climate science


The European Space Agency (ESA) has blasted its Biomass satellite into space aboard a Vega-C rocket. The launch took place at 11:15 (CEST) today from Europe’s spaceport in Kourou, French Guiana.  Now in orbit, the first-of-its-kind satellite wil

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