Germany Allocates Additional €46.5 Million to AI Startups
The German Ministry for Economic Affairs and Energy is seriously beefing up its support for innovative young artificial-intelligence companies.
Industries / Digital Economy
German Start-Up Provides “Doctor in Your Pocket”
The coronavirus pandemic has increased demands on GPs’ time and capacities while underscoring the advantages of hybrid and digital medicine. That’s a need Munich start-up Avi Medical wants to address.
Investment Platform Scalable Scales Up Big Time
There’s a new member of the German unicorn club. Munich fintech Scalable Capital is now worth USD 1.4 billion according to business website deutsche-startups.de.
How Celonis Became Germany’s “Most Valuable Start-Up”
Among a spate of huge recent financing rounds, this one took the cake. Munich business software provider Celonis hauled in a cool USD one billion, taking the valuation of this innovative young company up to more than USD 11 billion.
Insurtech Wefox Joins the Multi-Billion Dollar Club
How to turn a fox into a multiple unicorn? All it takes is a promising business idea and a massive influx of capital such as the USD 650 million just raised by Berlin Insurtech Wefox.
German Consumers Continue Switch to Contactless Payment
A new survey commissioned by digital business association bitkom has confirmed what anyone who has recently visited a German supermarket knows. Amidst the coronavirus pandemic, shoppers are increasingly turning to electronic payment options.
German Fintech Increases Value Sevenfold
There’s exponential growth, and then there’s this. Berlin fintech and trading app Trade Republic has just concluded a USD 900 million round of funding and is now valued at USD 5.3 billion after being rated at USD 730 million at the end of last year.
Frankfurt Leads Data Centers Pack
Germany’s financial capital Frankfurt is also the top address in German-speaking Europe for data centers – that’s the conclusion reached in a new study by consultants Pricewaterhousecoopers and and the German Data Center Association.
German Companies Opting for Private Clouds
Firms in Germany have generally increased their use of cloud computing service since the onset of the coronavirus pandemic.
Germany Puts €2 Billion into Quantum Computing
The German government has announced a massive five-year investment intended to bolster competitive quantum computer technology and create a surrounding eco-system for users.
