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☆ This AI startup founded by ex-Googlers just raised $35 million. Check out the 12-slide pitch deck Bioptimus used to land the funds.
▼ + stars: | 2024-02-20 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Bioptimus, a new French AI startup for life sciences, has raised $35 million in seed funding. Founded in 2023, Bioptimus is the brainchild of Jean-Philippe Vert, a former research scientist at Google and recently chief R&D officer at French health AI startup Owkin. The company was formed to capitalize on the enormous potential of AI in biological sciences, Vert told Business Insider. "There is something very special now about AI," Vert said. Owkin, Vert's former employer, is an investor and partner to the startup, as is tech entrepreneur and investor Xavier Niel.

Persons: Bioptimus, Jean, Philippe Vert, Rolophe Jenatton, Xavier Niel Organizations: Google, Business, Sofinnova Partners, Cathay Innovation, Harvest, Fundraising Locations: Owkin

☆ Temo just raised $6.5 million to make small sailing boats electric. Check out the 19-slide pitch deck it used to secure the funds.
▼ + stars: | 2024-01-18 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Arriving, you quickly and easily attach the motor to a dinghy or rowing boat to make a short but peaceful journey to the main sailing boat. That's the picture Temo cofounder Justine Perussel paints when describing her company's electric motor technology. Founded in 2018 in Vannes, France, Temo just raised 6 million euros, around $6.5 million, to make electric alternatives to combustion engines for small boats such as dinghies, sailboats, and rowing boats. "The electric motor market is moving very fast – it's booming," Perussel said. Small crafts are typically used to get to and from larger sailing boats or are rented for recreational use on lakes, Perussel said.

Persons: Justine Perussel, Temo, Perussel, – Organizations: Business, International Council of Marine Industry, One Ventures, Bpifrance, Partners Locations: Vannes, France, Europe, Italy, Spain, North America

☆ Alstom takes the direct route to lower credibility
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Gonzalo Fuentes Acquire Licensing RightsLONDON, Nov 15 (Reuters Breakingviews) - Alstom’s (ALSO.PA) problems are piling up. Alstom’s headaches, which include an inventory build-up, project delays and an order slowdown, haven’t materially changed. But to retain its investment grade credit rating the group needs to slash net debt that has jumped 50% to 3.4 billion euros since March. But as Denmark’s Orsted (ORSTED.CO) has found, the only thing investors dislike more than operational upheaval is a message that constantly changes. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Gonzalo Fuentes, Henri Poupart, Lafarge, George Hay, taints, Lisa Jucca, Oliver Taslic Organizations: Alstom, REUTERS, Reuters, Caisse, X, Thomson Locations: Saint, Ouen, Paris, France

The entrance to JPMorgan Chase's international headquarters on Park Avenue is seen in New York October 2, 2012. It is the bank's third-biggest city in the European Union in terms of staff with 900 people, coming after Warsaw (1,200) and Dublin (more than 1,000). In the wake of Britain's exit from the European Union, JPMorgan bought a seven-storey building near its historic headquarters in the first arrondissement to house more employees. JPMorgan will commit $50 million of the $60 million investment and Bpifrance will provide 10 million euros ($10.66 million). The aim is to raise between 150 million euros to 200 million euros by the end of 2024, the U.S. lender said.

Persons: Shannon Stapleton, Bpifrance, Cartier, Louis Vuitton, JP Morgan, Jamie Dimon, Mathieu Rosemain, Anousha Sakoui, Louise Heavens Organizations: JPMorgan Chase's, REUTERS, Rights, JPMorgan, U.S, European Union, Gardens, Justice, Ritz Paris Hotel, Spark, JPMorgan Asset Management, Thomson Locations: New York, France, London, Paris, Europe, Warsaw, Dublin, U.S, Vendome, Spark France

☆ Israeli investor says tech sector will overcome judicial reform crisis
▼ + stars: | 2023-07-12 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

... Read moreSummaryCompanies Crucial tech sector hit by judicial reform crisisStartup funding falls 70%, emigration increasingTech execs take lead in opposing reformJERUSALEM, July 12 (Reuters) - A leading Israel investor on Wednesday predicted that the country's vital tech sector would recover quickly from its current funding downturn, in part by fighting a government judicial reform plan many blame for scaring away investment. A key driver of economic growth in Israel, the tech sector saw its funding hit last year by the global economic slowdown. "The big inventors are the warriors of democracy," Margalit told Reuters on the sidelines of a JVP Climate Tech conference. While the tech sector needs a stable Israeli economy, the economy needs a strong tech sector, which accounts for 14% of jobs and almost a fifth of gross domestic product. The fall off in tech funding has been a major factor in the weakening of the shekel , analysts say.

Persons: Erel Margalit, Benjamin Netanyahu's, Margalit, Barak Eilam, Eynat Guez, Israel's shekel, Steven Scheer, Conor Humphries Organizations: Jerusalem Venture Partners, AccorHotels Arena, Tech, Labour Party, Reuters, JVP Climate Tech, NICE, Tel, Thomson Locations: Paris, France, JERUSALEM, Israel, Israel's, Tel Aviv

☆ LVMH to buy French jewellery producer Platinum Invest to ramp up Tiffany production
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +1 min

PARIS, April 14 (Reuters) - LVMH (LVMH.PA), the world's largest luxury goods group, has agreed to buy a majority stake in Platinum Invest Group, the owner of French jewellery producers Orest and Abysse, with an eye to bulking up production for its U.S. jeweller Tiffany. With the purchase of the company, which runs five workshops in eastern France and employs 800 people, Tiffany will accelerate production of fine and high end jewellery, the companies said in a statement. Platinum Invest will also continue to produce jewellery for existing clients outside of LVMH as well as other labels in the luxury group, which also owns high end jewellery brands Bulgari and Chaumet. Riding a wave of post-pandemic demand for high end goods, European luxury groups have been tightening their hold on supply chains. Financial terms of the deal to purchase Platinum Invest from private equity firm Andera Partners and French public investment bank BPIfrance were not provided.

☆ This startup helping fashion cut down on fossil fuels with dyes made of vegetal waste just raised $3.7 million. Here's the 15-slide pitch deck Ever Dye used to raise the cash.
▼ + stars: | 2023-02-01 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

A startup hoping to help fashion cut its reliance on fossil fuels just raised $3.7 million. Take a peek at the 15-slide pitch deck Ever Dye used to raise the funds from Nordic firm Maki.vc. Traditional, synthetic dyes rely on chemicals that are derived from fossil fuels, take hours to apply, and require high temperatures. Ever Dye's process also uses less water because it doesn't require as many washes in between, Palacci added. The company uses minerals for its colors, starting with black, red, and blue.

☆ French quantum computer startup PASQAL raises 100 million euros
▼ + stars: | 2023-01-24 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +2 min

OAKLAND, Calif. Jan 24 (Reuters) - Paris-based quantum computer startup PASQAL on Tuesday said it had raised 100 million euros ($109 million) and aims to deliver major commercial advantages over classical computers by next year using the fresh funds. The investment is the biggest private funding round for a quantum computer startup in Europe, according to Georges-Olivier Reymond, CEO and co-founder of PASQAL. It comes as the stock price collapse of three New York-listed quantum computer makers, IonQ Inc (IONQ.N), Rigetti Computing , and D-wave Quantum has made funding for the sector challenging. Scientists expect quantum computers could one day make certain calculations millions of times faster than the fastest super computers today. The number of qubits, or quantum bits, is an indication of the power of the quantum computer.

☆ Homa wants to transform the way indie game developers build games. We got an exclusive look at the 19-slide pitch deck it used to raise $100 million.
▼ + stars: | 2022-10-12 | by ( Hasan Chowdhury | Callum Burroughs | ) www.businessinsider.com time to read: +3 min

Homa has raised $100 million in a Series B round to expand its platform for indie game developers. Check out the 19-slide pitch deck to raise the Series B round below. French gaming startup Homa, which aims to make game development easier and more efficient, has raised $100 million in a Series B round. He points to the way in which game engines such as Unreal showcase the potential of their technology with games such as Fortnite. It generates cash through a revenue share scheme with developers who make a profit on games that work, Nathan said.

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