The Week in Swiss Startups (4-8.12.2023) - Week #50
The first week of Dec '23 features 7 startups and 2 exits. ETH Zurich and EPFL launch the Swiss AI Initiative. Koa raises $15M Series B. Four jobs listed today!
Hi there,
last week, my “Swiss” summary of The European deeptech report 2023 generated significant interest. ICYMI, you’ll find more details and the key findings here 🇨🇭.
In a significant move, ETH Zurich and EPFL have launched the Swiss AI Initiative, seeking to develop industry-specific large language models (LLMs) for robotics, medicine, climate sciences, and diagnostics.
Will Switzerland emerge as a frontrunner in transparent and reliable AI development and implementation? The future holds promise, with over 10,000 graphics processing units (GPUs) at its disposal - Discover more here and see the GenAI image below ⛰️.
Moving on to financial news, Koa announced a $15 million Series B investment, while Scailyte secured an $8 million Series A funding round.
Stay tuned for more updates and follow me on LinkedIn!
Gian
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Financing rounds
B2B SaaS
DemoSquare: CHF 40k - Convertible Loan
Biotech
Scailyte: $8M - Series A
Cleantech
REMA: CHF 100k - Convertible Loan
Cybersecurity
Brightside AI: $1M
Edtech
Rflect: CHF 550k - Pre-seed
Foodtech
Koa: $15M - Series B
Software
Foldcast: CHF 50k - Award
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Exits
Ferrum acquires QualySense
Infosim acquires Skoor
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Swisspreneur Podcast
Listen to Christian Fischer, co-founder and CEO at Bcomp: From Building Skis to Building a Company - EP #362
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Jobs in Swiss VCs and startups
News
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