August 23, 2024 Latvia
Latvian telco Tet has announced plans to invest €30 million ($33.2m) in developing the facility in Salaspils, to the south of the capital city. The construction on the new data center is planned to start at the end of 2024 for a 2028 completion with Tet's construction subsidiary Citrus Solutions...
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August 22, 2024 Switzerland
IonQ last week announced the delivery of an ion trap to its European quantum data center in the QuantumBasel business park. It's specialists working out of the company’s Basel, Switzerland headquarters will be on site to receive the quantum processor and continue the build and commissioning of...
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August 18, 2024 United Kingdom
Quantum Circuits Inc. (QCI) has closed its Series B funding round which raised over $60 million to further its development of quantum technology in an investment round led by Arch Venture Partners, F-Prime Capital, Sequoia Capital, and Hither Creek Ventures. The Yale spin out was founded in 2015...
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August 14, 2024 United Kingdom
UK data center operator Iomart has announced it has installed 560 solar panels on its flagship data center in Maidenhead, the largest of Iomart’s 13 data centers in the UK. This investment will contribute to the aim of self-sustaining energy during the summer to power the site. David Gammie, CTO...
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August 13, 2024 Europe
Investment firm Waterland Private Equity has revealed its plans to acquire MVNO Lebara Group by buying out Alchemy and Triton Partners, the existing owners of Lebara since 2019. The company, founded in 2001 does not own a mobile spectrum license but sells mobile services to more than four million...
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August 13, 2024 United Kingdom
TalkTalk has struck a refinancing deal with lenders in the UK worth £400 million. This deal will enable TalkTalk to alleviate fears it would default on payments and extend its debt maturities to 2027. A group of SSN holders, a group of RCF banks, Ares Management Funds, and the company’s major...
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August 09, 2024 Switzerland
Nokia has teamed up with Swisscom Broadcast to deploy 300 Nokia Drone-in-a-Box units to support emergency response, perimeter protection, and infrastructure inspection, as well as to protect public safety workers across Switzerland. This marks Nokia's second nationwide deployment of its Drone...
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August 07, 2024 Europe
Quantum engineering company Riverlane has raised $75 million in a Series C funding round led by Planet First Partners. This funding saw participation from ETF Partners, EDBI, and existing investors Cambridge Innovation Capital, Amadeus Capital Partners, the UK's National Security Strategic...
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August 02, 2024 United Kingdom
The UK Ministry of Housing, Communities and Local Government is planning to propose reforms to the National Planning Policy Framework including around the development of data centers. With regards to data centers, the proposals would reform the way that the Nationally Significant Infrastructure...
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August 02, 2024 Europe
Industrial machine manufacturer Johnson Controls this week announced George R. Oliver has decided to stand down as CEO, following “substantial progress on its portfolio transformation.” The Irish company is now on the hunt for its next CEO with the assistance of an executive search firm to help...
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July 31, 2024 United Kingdom
Liquid cooling firm Iceotope has announced that CEO David Craig will be retiring, effective September 30 after spending nine years at the helm of Iceotope, previously serving as COO of McLaren Software and the founder of wind turbine developer Green Power partnership. Nathan Blom, chief...
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July 31, 2024 Netherlands
Dutch transmission system operator TenneT is looking to invest up to €4.6bn in thousands of kilometers of new transmission infrastructure across the Netherlands and Germany as it looks to update the grid. TenneT CEO Manon van Beek said: “To achieve the 2030, 2045, and 2050 climate milestones and...
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July 28, 2024 United Kingdom
AI chip startup Fractile has exited stealth with $15 million in seed funding round co-led by Kindred Capital, NATO Innovation Fund, and Oxford Science Enterprises and included participation from a number of angel investors, including Stan Boland, co-founder of Icera, and Amar Shah, co-founder of...
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July 27, 2024 United Kingdom
Modular data center firm Secure I.T. Environments (SITE) has completed a mechanical and electrical upgrade at the data center of St Mary’s Hospital in the Isle of Wight, the UK to accommodate 14 racks with a capacity of 80kW. This upgrade will allow the Isle of Wight NHS Trust to reach its target...
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July 25, 2024 United Kingdom
Artificial general intelligence (AGI) startup SingularityNet, which is developing decentralized and blockchain-based AI infrastructure announced that it will be investing $53 million in data center supercomputing modules. Half of this investment will be used for the creation of world’s first...
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July 25, 2024 Austria
The University of Innsbruck, Austria has integrated a quantum computer into a high-performance computing (HPC) environment for the first time in Austria. The Innsbruck team has connected the university’s LEO5 cluster with AQT's IBEX Q1 quantum computer. “With the advent of quantum computers and...
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July 23, 2024 Luxembourg
Gcore, an Edge artificial intelligence (AI) and cloud provider, has secured $60m in a Series A funding round led by game developer and publisher Wargaming, with participation from Constructor Capital and Han River Partners. “We are on the cusp of an AI revolution that will transform how companies...
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July 22, 2024 United Kingdom
UK regulator Ofcom has fined BT Group a fee of £17.5 million ($22.6m) after a technical fault that impacted its ability to handle emergency calls between 06:24 and 16:56 on June 25th, 2023. Suzanne Cater, Ofcom’s director of enforcement said: "Being able to contact the emergency services can mean...
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July 20, 2024 Russia / Россия
Nasdaq-listed tech giant, Yandex which was formerly referred to as “Russia’s Google,” have been renamed as Nebius Group and pivoted to focus on AI following the company's agreement to sell its Russian operations to local management and investment firms. The company said: “In addition to expanding...
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July 19, 2024 Norway
Power grid optimization specialist Heimdall Power has raised $25 million in a Series B funding round to scale up production of its “Magic Ball” sensors which it claims can help grid operators access up to 40 percent of additional transmission capacity in existing power lines. These neuron sensors...
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