"The ISS radiators are expensive and heavy. We're focused on making them cheap and light."
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France and Germany are pushing to reduce their dependence on American and Chinese technology, particularly in areas such as artificial intelligence. The two European nations are part of a broader continental effort to build greater technological sovereignty. However, European leaders face significant challenges in determining how and where to develop these homegrown capabilities. The drive reflects growing concerns across Europe about relying on foreign powers for critical digital infrastructure.
French startup Syntetica, which has developed an innovative nylon recycling technology, has raised $30 million in a Series A funding round. Athletic apparel brand Lululemon is among the notable backers supporting the round. The investment highlights growing corporate interest in sustainable materials and textile recycling solutions. Syntetica has managed to attract both high-profile partners and investors as it scales its recycling approach.
Applied Computing has secured $20 million in a Series A funding round. The startup aims to develop a foundation AI model tailored specifically for the oil, gas, and petrochemical sector. The model is intended to serve entire plant operations within these industries. The funding will support the company's efforts to bring advanced AI capabilities to industrial energy operators.
Venture capital firm Greylock has deliberately limited its new fund to $1.5 billion, even though the firm says it had the ability to raise a larger amount. The decision is tied to the firm's strategy of making roughly 25 investments per fund. By keeping its portfolio size small and focused, Greylock aims to provide deep, meaningful support to each of its founders. The firm describes its goal as being the most important partner to the entrepreneurs it backs.
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