This Month in German, Swiss and Austrian Startups - September 2025 (Top News)
- Jörn Menninger
- Oct 2, 2025
- 21 min read
Updated: Oct 5, 2025
Welcome to our regular startup news from the startup and tech entrepreneurship scenes in Germany, Austria, and Switzerland.
Last time we broke the summer wrap-up into two pieces. We actually liked it enough and have gotten enough good feedback and downloads that we will keep this system. You will now get a Top News Episode (this one) with a larger birds eye overview and our top news pieces from the last coverage period.
The second piece of news will be released the following Monday with a deep dive into the GSA Startup scene.
Our startup news is recorded with Chris, in New York City. Joe is joining from Frankfurt.
Today's news cut is September 29th. As always, all news not included will be in our next news wrap-up, to be published on October 30th - Wrapping up October.
Germany is off work on October 3rd for unity day.
Let's talk startups.
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🦄 Our Highlights:
The signal from September is clear: Europe’s startup engine is revving again—but with a governor on the redline. Funding clustered around climate infrastructure, industrial robotics, and med/biotech while late-stage risk appetites stayed measured, as the ifo climate dipped and ESMA flashed caution. Munich and Zurich kept stealing headlines (Anybotics, AMSilk, Cutiss), and Berlin grabbed attention with JPMorgan’s 2026 entry and Terra One’s grid-scale batteries. Deep tech set the mood—fusion policy, exascale HPC, sovereign AI—giving DACH a distinctly “serious hardware + software” vibe. Turns out profitability is fashionable again—who knew? For a deeper map of the terrain, see our guide: AI & Deep Tech Startups: Europe’s Ultimate Guide.
First theme: capital is flowing to real assets and hard problems. Terra One lined up €150m to build battery portfolios, Anybotics crossed €127m to march four-legged robots into heavy industry, and AMSilk raised €52m to scale bio-based materials, with Cutiss’ CHF 56m Series C underscoring healthtech’s manufacturing push (see pages 8–12 for the “Top News Pieces” block). Why it matters: infra-like returns plus software leverage are beating pure moonshots in 2025, and that’s where European LPs feel safest. The DACH tie-in is strong—Germany and Switzerland are anchoring climate, robotics, and medtech commercialization. “AI-first” is cool; “cash-flow-first with AI inside” is bankable. For context on the energy angle, start here: Decentralizing Europe’s Energy: Why It Matters.
Second theme: regulation and incumbents are reshaping fintech’s chessboard. JPMorgan will launch a German digital bank in 2026, while BaFin’s renewed pressure on N26 and an EU probe into SAP remind everyone that governance and bundling rules are back on center stage. Why it matters: CACs will rise, compliance timetables will drive valuations, and “three lines of defense” will separate the winners from the headlines. Irony alert: everyone wanted “move fast and break things,” and now they’re rediscovering audit logs. For background on the neobank squeeze, revisit Why N26 Wants to Be a NeoBroker (and the risks).
Third theme: sovereign deep tech goes from press release to procurement. Quantum Systems is investing €50m to scale UK ops post-acquisition, Germany earmarked €3bn for fusion commercialization, and Jülich’s JUPITER supercomputer put exascale-class horsepower on Europe’s bench. Why it matters: dual-use drones, fusion pilots, and HPC-for-AI form a pipeline from TRL-4 to TRL-7 that founders can finally plan around. The twist: in 2025, defense grants and lab time are sometimes faster than classic venture rounds—imagine telling 2021 that. For the drone playbook, see German Defense Tech: Quantum Systems’ Rise.
Finally, AI keeps compounding—but with a European accent. Black Forest Labs is surging toward a multi-billion valuation with creator-grade inference and efficient deployment, while vertical AI (health, mobility, compliance) attracted more of the smart money than raw parameter races. Why it matters: model-product fit plus distribution (APIs, SDKs, licensing) is the new moat, and DACH’s enterprise base loves pragmatic AI that plugs into factories, clinics, and grids. The wink: apparently “AI that actually ships” beats “AI that only demos.” For the inside track, start with German AI Foundation Models — Black Forest Labs’ Rise.
So here’s the setup for the episode: funding waves in climate/industrial/biotech, fintech’s regulatory reality check, and a deep-tech flywheel from drones to fusion to foundation models. We’ll break down Terra One’s €150m, Quantum Systems’ UK expansion, Germany’s €3bn fusion bet, Black Forest Labs’ climb, JPMorgan’s 2026 launch, plus the standout rounds (Anybotics, AMSilk, Cutiss). Expect crisp takeaways for founders and operators—what to pitch, where to partner, and how to navigate the policy headwinds. And yes, there’s a dry smile in here somewhere—because markets still reward execution over vibes. For the full AI roster, don’t miss Top AI Startups in the DACH Region in 2025. And if that wasn’t enough, stick around — in a few days we’ll drop the deep-dive wrap-up with even more startup and tech news to chew on.
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Top Startup News
Cutiss raises €57M / CHF 56M Series C — biotech landmark
Cutiss Series C funding (Switzerland, regenerative medicine) The Zurich-based techbio announcing a CHF 56 million Series C (cumulative funding > CHF 125m) to scale personalized skin tissue (denovoSkin) manufacturing and EU expansion via a Dutch production center. The round strengthens advanced therapies / ATMP capacity in Europe as competitors in regenerative skin and cell & gene therapy race toward commercialization. Cutiss targets burn and reconstructive surgery indications and signals readiness for late-stage trials, tech transfer, and GMP ramp-up—key hurdles for biotech scale-ups. With EU clinical pipelines normalizing post-COVID, this financing showcases sustained investor appetite for medtech/biotech platforms with clear regulatory pathways and hospital integration. For founders, it’s a reminder that manufacturing readiness, payer economics, and clinical endpoints are decisive for growth-stage capital in Europe’s healthtech stack.
Sources: https://cutiss.swiss/wp-content/uploads/2025/09/CUTISS-press-release_Series-C-closing_2025.09.10.pdf
FAQs: Q: Why is Cutiss’s Series C significant?
A: It funds GMP scale-up and EU expansion for personalized skin tissue, de-risking commercialization steps.
Terra One secures €150m — climate fintech + grid-scale batteries
Terra One raises €150 million mezzanine financing (September 17, 2025) from Aviva Investors to accelerate grid-scale battery storage across Germany and Europe; backing includes N26 cofounder Maximilian Tayenthal. The Berlin developer plans to mobilize up to €750m in new storage assets with project and equity financing, targeting flexibility markets, peak-shaving, and ancillary services as intermittent renewables surge. In the broader climate fintech / energy infrastructure space, Terra One blends project finance, asset origination, and data-driven dispatch—placing it alongside players building battery portfolios for grid stability. For founders, the takeaway is clear: structured capital stacks + bankable offtake beat pure tech risk in today’s climate markets; for VCs, it’s a template where infra-like returns meet software-enabled operations.
Learn more on Startuprad.io:
Decentralizing Europe’s Energy: Why It Matters → https://www.startuprad.io/post/decentralizing-europe-s-energy-why-it-matters
The Future is Green: Europe’s Leadership in Sustainable Tech Investments → https://www.startuprad.io/post/the-future-is-green-europe-s-leadership-in-sustainable-tech-investments
FAQ: Q: How will Terra One use the €150m?
A: To finance grid-scale battery assets, enabling flexibility services and portfolio scale-up.
Quantum Systems invests €50m in UK ops — DACH defense-tech expansion
Quantum Systems (Munich) will invest €50 million over five years to expand UK operations after acquiring Nordic Unmanned UK (September 8, 2025). The AI-enabled UAS maker—backed by investors including Thiel and European strategics—aligns with the UK MoD’s 20-40-40 priorities, scaling ISR, border, and dual-use missions. With European defense tech investment hitting new highs, Quantum’s move strengthens sovereignty tech supply chains and local production. For DACH founders, it showcases a path from hardware + autonomy stack to recurring service via RaaS / fleet ops and software-defined drones. Expect increased procurement velocity and NATO-interoperable requirements that reward validated field performance over slideware.
Learn more on Starturpad.io:
German Defense Tech: Quantum Systems’ Rise → https://www.startuprad.io/post/quantum-systems-germany-s-drone-driven-unicorn-emerges
FAQ: Q: Why does this UK expansion matter?
A: It ties production and missions to a NATO market, accelerating procurement and field validation.
Germany announces €3B fusion initiative — sovereign deeptech
Germany’s €3 billion fusion initiative (reported late September 2025) signals a decisive bet on fusion energy startups and research, following a year of mega-rounds and pilot programs across Europe. The program aims to catalyze stellarator, tokamak, and laser-driven approaches, fast-track regulatory frameworks, and unlock industrial supply chains for high-heat-flux materials, magnets, and power electronics. Policy momentum dovetails with corporate PPAs interest and potential sovereignty benefits—reduced fossil imports, resilient baseload, and exportable IP. For founders, expect non-dilutive grants, demo-site access, and regulator sandboxes; for investors, a clearer path from TRL-4 to TRL-7 with public-private co-funding. It positions DACH as a credible fusion commercialization hub within the EU.
Sources: https://www.faz.net/aktuell/wirtschaft/unternehmen/drei-milliarden-fuer-kernfusion-110701285.html
Internal Links
Fusion Startups: Europe’s Bet on the Next Energy Frontier → https://www.startuprad.io/post/fusion-startups-europe-s-bet-on-the-next-energy-frontier
FAQ: Q: Who benefits from the €3B program?
A: Fusion startups, research labs, and suppliers via funding, demo access, and clearer regulation.
Black Forest Labs surges toward multi-billion valuation — Germany’s FM contender
Black Forest Labs (Freiburg), creator of the Flux image models, is reportedly targeting a multi-billion-euro valuation as it scales foundation-model capabilities and optimizes for consumer-grade GPUs (Golem coverage 2025; prior reports tied to top-tier US VCs). Germany’s FM ecosystem—from LLM challengers to safety/guardrail tools—has matured fast, aided by EU AI Act clarity and enterprise demand for on-prem / sovereign AI. BFL’s focus on efficient inference (FP4 quantization), creator workflows, and partnerships positions it against global leaders while leveraging Europe’s strengths in industrial and creative AI. For founders, the signal is that model-product fit and distribution (APIs, SDKs, licensing) matter as much as parameter counts; for investors, unit economics around inference are the new moat.
Internal Links:
Top AI Startups in the DACH Region in 2025 → https://www.startuprad.io/post/top-ai-startups-in-the-dach-region-in-2025
FAQ: Q: What differentiates Black Forest Labs?
A: Efficient inference, creator-ready tooling, and a fast-iterating Flux model family.
JPMorgan to launch German digital bank in 2026 — foreign entrant reshapes fintech
JPMorgan Chase will launch its Chase digital retail bank in Germany in Q2 2026 (Reuters/FT reporting, Sept 4–5, 2025), expanding beyond the UK’s >2m customers. The Berlin HQ is slated for late 2025 with ~100 hires, debuting with savings products before expanding into cards and investments. The move tests a crowded market of Sparkassen, Volksbanken, Deutsche/Commerzbank, and neobanks (N26, Trade Republic)—but leverages JPM’s brand trust, balance sheet, and risk/compliance depth. For founders and VCs, the implication is two-fold: rising customer acquisition costs in retail fintech and higher bar for licensing, AML, risk; for incumbents, expect product velocity and bundles to intensify.
Internal Links:
Why N26 Wants to Be a NeoBroker (and the risks) → https://www.startuprad.io/post/why-n26-wants-to-be-a-neobroker-why-neobrokers-are-hot-and-maybe-in-danger
FAQ: Q: What’s JPMorgan’s likely entry product?
A: A high-yield savings account, then cards/investments once license and ops mature.
BaFin increases scrutiny of N26 — regulatory spotlight on neobanks
BaFin’s renewed scrutiny of N26 (Manager Magazin/BIsider summaries, late September 2025) underscores ongoing risk management, AML, and governance concerns barely a year after prior growth caps were lifted. Investor pressure reportedly includes leadership changes and governance resets to satisfy supervisory expectations, with remediation plans due in early 2026. For DACH fintech and bank-as-a-service players, the message is consistent: three lines of defense, transaction monitoring, and outsourcing controls are existential—especially as JPMorgan enters and ESG/AI oversight tightens. Expect valuation impacts tied to compliance milestones, not just user growth.
Internal Links:
Trouble at N26 — BaFin considering limiting new business → https://www.startuprad.io/post/blog-post-trouble-at-n26-bafin-considering-limiting-new-business-for-the-neobank
N26 hidden second closing of Series E (context) → https://www.startuprad.io/post/n26-quietly-completed-second-closing-of-series-e-round-in-2021-here-s-what-we-know
FAQ: Q: What’s BaFin likely looking at?
A: Risk controls, AML/transaction monitoring, and governance remediation timelines.
That's it for the overview and the top news this month. We will be back Monday with a deep dive: https://www.startuprad.io/post/this-month-in-german-swiss-and-austrian-startups-september-2025-deep-dive
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Automated Transcript
Christian "Chris" Fahrenbach | Co-Founder Startuprad.io [00:00:00]:
Foreign.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:00:09]:
Your podcast and YouTube blog covering the German startup scene with news, interviews and live events.
Chris Fahrenbach [00:00:20]:
Hello and welcome. I would like to say it's a sunny welcome but unfortunately it's rather gray here in New York. We welcome you to our regular startup news from the startup and tech entrepreneurship scenes in Germany, Austria and Switzerland. We are back from our summer break. I only cling on to this like floral motive short sleeve I'm wearing and we bring you a massive news episode today. In fact it's so long we had to cut it into two episodes. So like double the fun. Our startup news is recorded with me in New York City.
Chris Fahrenbach [00:00:51]:
Joe is joining from Frankfurt.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:00:54]:
Hey from Nightly Frankfurt. Hey guys, how you doing?
Chris Fahrenbach [00:00:57]:
And now I started to mention myself first which if you want to get into German idioms in German you usually learn the donkey always mentions himself first. I learned that when I grew up. Today's News cut is August 19th. As always, all news not included will be in our next shows next news wrap up to be published October 2, wrapping up September and the remaining August. Then we needed to cut our news seriously today so you can have a brief news overview. We will have newspaper other news pieces in our blog posts on StartupRaid IO blog. Those are the ones that we simply cannot cover here, otherwise the news would stretch far too long. To give you a bigger bit of background this time we went through more than 350 news pieces for you.
Chris Fahrenbach [00:01:49]:
Therefore we decided for the first time in the history of StartupRate IO that we will split this news recording into two pieces to keep them short and crisp. Happy Labor Day to you. If you are celebrating and entrepreneurs since they are working so much, I guess have a special relationship to Labor Day. But before I talk myself even more into a corner, I'm going to hand it over to you Joe to kick us off with the highlights.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:02:16]:
Yes, thanks Chris. I always appreciate your energy here. The highlights by the way, I love Labor Day because it usually frequently coincides with my birthday. Our highlights Startup funding momentum across Europe and the Dach region accelerated in August with AI, climate tech and fintech taking center stage. Berlin's AI ecosystem made global headlines as one stealth unicorn skyrocketed from US$350 million to 2.3 billion valuation in just four months, underlining the region's dominance in enterprise, automation and SAS driven AI. Meanwhile, the macro backdrop remains tense with Germany's GDP contracting sparking recession fears. But venture capital continues to pour into deep tech and energy innovation as hedge bets against cyclical slowdown. Major deals shape this month.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:03:16]:
Narrative Climeworks raised US$162 million to advance its CO2 capture technology. What Stuttgart based maker site secured 60 million euros Series B to scale its sustainable supply chain software q and added 62 million Series A 60 million euros Series A to push quantum inspired climate solutions and Munich's Tanzo or Tanzo closed 12 million euros Series A underscoring climate tech as a long term growth pillar for the first on the FinTech front, N26 faced regulatory heat and leadership shakeups even as Scanbot SDK exited via acquisition and Blynk absorbed Finstep, highlighting both consolidation and compliance challenges in Europe's neobanking sector. For founders and VCs, these developments signal a bifurcated market. Late stage climate and AI startups are attracting mega rounds and unicorn valuations while fintech and mobility plays like Lilium navigate restructuring and defense pivots to secure survival. This month wave of scaleups and exit reinforces the thesis that Europe's competitive edge lies in climate innovation, quantum technologies and and enterprise AI sectors now too big for global investors to ignore. Let's talk startups. There's link you can give us feedback. As we said, the first interview the first piece of this news will go live September 1, 2025 and I'm just turning around and checking and number two part two will go live on September 4, 2025.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:05:15]:
Chris, you always you look pretty sharp in your shirt and by the way discussing it up front. We both are wearing shirts. Chris, you want to take over the top news, especially if you're dressed so nice.
Chris Fahrenbach [00:05:27]:
For once we clean up, I'm going to kick things off with Berlin's N8N. It's a workflow automation startup that has rocketed to a $2.3 billion pre money valuation in August like a week ago after Excel led a mega round with Maritech Capital expected to join, marking one of Europe's biggest AI driven autom deals. This year the company's value has jumped from just $350 million in March 24, so within one and a half years we have seen more than six times increase there on the back of surging demand for AI agents and enterprise grade workflow automation, they say they have an annual recurring revenue of more than $40 million and a 200,000 member community. And NH N8N has become a leading open source alternative to zapier and make.com Lilium brings in Pluta as insolvency advisor amid their defense pivot. So Lilium we talked about them quite often in our podcast already based In Munich is an air taxi startup that faces mounting insolvency pressures as zu Deutsche Zeitung has reported for example several times last time last week. And restructuring advisor AAMG Pluta has been now called in to guide the company through its crisis. That follows Handel's Blood's revelations that Lillium is weighing a defense sector pivot to generate near term revenues. With the defense sector right now being quite booming in European countries because they're investing more due to the Ukraine war and the US being a less reliable partner than in the business Insiders note on Fresh investor interest is to is reviving a 20 million euro financing deal.
Chris Fahrenbach [00:07:35]:
Despite pioneering Europe's EVTOL ambitions, Lilium has endured cash burn layoffs and delayed certification milestones, so it's still relatively uncertain what their commercial future will bring. And now thinking about dual use applications in defense and emergency services, Lilium is pivoting, kind of hedging the risk. And they are joining a wider European trend of aerospace startups turning to government based contracts to bridge long funding Cycles Cycles N26 another company we've been talking about a lot here, a NEO bank based in Berlin, is facing a severe governance crisis since probably the most severe one since its founding as their Co founder and CEO Valentin Steif stepped down a couple of days ago August 15th earlier than planned reported for example by Golem and FR Set the The exit follows Baffin's special audit Bafin being the regulatory committee institution in financial supervisor financial supervisor so they audited N26 and revealed serious deficiencies Gravira in fraud prevention and compliance revising raising investor impatience and regulatory pressure. The move also coincides with leadership reshuffles including a new risk officer chief risk officer From Santander replacing N26 outgoing Croatia and together these developments mark a deep structural shakeup at a company where we've had a lot of shakeups. I mean we are we have been talking about them quite often now and watching them from being a company where a lot of people were expecting great things from to something that right now feels as if every month we come up with new with a new talk about okay this is their next issue.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:09:45]:
And the sad thing is that for example companies like a revolut show that the new bank model can work so it's at least right now is not working out as it could be.
Chris Fahrenbach [00:09:58]:
Moving on to Switzerland where we see the cleantech scale up Orange bet having secured a landmark 825 million euros allocation from the European hydrogen bank. According to Moneycap, the funding will be used to expand industrial scale hydrogen production and infrastructure projects across Europe. So Orange Bat is going to become one of the largest single hydrogen allocations tied to a dark based company. Orange Bats Win underscores Brussels determination to accelerate green hydrogen commercialization as part of the EU's decarbonization strategy, and it also positions the Swiss player alongside other continental leaders such as Sunfire from Germany or H2 mobility sunbed. Sorry. Orange Bat is targeting both industrial energy users and cross border hydrogen corridors and aims to become a central enabler of Europe's clean tech transitions. And that's it with the really Big Top News section. And that leaves us with our first little ad break.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:11:20]:
Taking over after the ad break from Chris we do we don't put anything here in housekeeping and time to brag this month, but there'll be more coming up. Talking about the ecosystem here in Europe, the European innovation council selects 40 startups for new funding round reported by Silicon Canals. They select the 40 startups from across Europe for equity and grant support. The companies span biotech, AI and sustainability, reflecting EU level support for scaling deep tech. Several dark startups are included, though not all names were disclosed in this article. Two companies, Quant Qwant and a Ecosia launch, Stan St AAN Europe's independent search index TechCrunch, reported that French search engine Quant and German Echo search provider Ecosia jointly launch Stan, a European search index designed as a privacy first alternative to Google. They aim to enhance Europe's digital sovereignty and lay the groundwork for AI native retrieval systems. The launch could reshape the European search and ad tech market.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:12:44]:
The talk going to Germany here the E4 business climate index edges higher in July 2025 On July 25, 2025, the Ifo Institute in Munich reported a modest increase in its closely watched Business Climate Index, reflecting cautious optimism in the German economy. Sentiment improved in industry and services, but remained weak in construction and retail. In other news Dresden tops sum up 2025 cost ranking for founders Leipzig and Bremen Follow Sum ups Analyzers of 71 German cities ranked Dresden number one for cost efficient funding, citing low retail ren utilities and competitive effective corporate tax. Leipzig placed second, Bremen third while Munich ranked last among the top 20 due to high rents and utilities. But apparently you could still work as a high rent startup hub. The study weights median wages, unemployment, rents, utilities and effective corporate tax, signaling cost advantages in East German hubs for early stage teams. KFW Kronungs Monitor meaning The Founding Monitor 2025 reports stable startup activity despite economic headwinds. Munich Startup summarized The Kfw Kronungs monitor 2025 showing that the number of new businesses in Germany remains robust.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:14:23]:
Early stage activity is supported by resilience in tech and digital sectors. Even as macroeconomic uncertainty of waits on financing policymakers are watching indicators closely to refine support schemes. German GDP dips again Technical Recession looms in Q2 2025 Tageschauer it's like the main news source in Germany, right? Everybody watches Tageschauer 8 in Germany.
Chris Fahrenbach [00:14:53]:
It's the law.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:14:54]:
You have to watch the law. Yeah. They reported that Germany's economy shrank by 0.2% in Q2 after flat Q1 meeting the definition technical recession. Exports and industrial output weakened while private consumption stagnated despite easing inflation. The downturn adds pressure to fiscal debates and heightens importance of startup innovation driven growth narratives in the D region. Berlin to set new financial rains for Rails for defense startups to speed procurement and scale. Handels Blood reported the federal government will establish funding procurement vision meaning Rails to help defense tech startups commercialize faster. Aligns with dual use momentum and NATO related demand to use.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:15:44]:
Didn't we just have something with lilium like that? No new budget timelines versus our priority entry. Germany clears the path for remote operated driving pilots opening the door for tailor up for teleoperation startups. German authorities signal the go ahead for remote control driving pilots establishing the framework for teleoperation in logistics and mobility. The policy shift could benefit companies building teledriving stacks, remote op centers and safety cases align with EU rules. The article does not name specific startups. And Chris, you know what's very interesting? We actually talked about it. I talked with lawyer about it inside Germany's autonomous driving law in 2021 because this was within the frame of a law. So we have been quite ahead of the curve here.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:16:41]:
But Chris, you looks pretty Bavarian. You want to take over Bavaria here? It's. It's a unique thing that they are highlighted here.
Chris Fahrenbach [00:16:50]:
I mean you're white and you're dressed in white and blue too. But yeah, I mean autonomous driving this is also a story that is with. Has been with us forever and we've been promised that we are so close to finally actually making it work way more apparently works pretty well on the US west coast. But so far, I mean sure, if you went back in the archives that you would be able to find assumptions, promises that would have said okay, in 2025 there will be autonomous driving everywhere and not much, not much has happened.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:17:27]:
Yeah but we, we've already discussed it in 2021. So there will be one person ahead of a lot of screens and if, if any autonomous driving vehicle gets into trouble, a human driver from a center takes over. That was basically the idea we discussed in 2021 and now it seems to become reality, at least in ports.
Chris Fahrenbach [00:17:48]:
There also was a huge report in Guardian based on reporting I think even for hundreds platform Germany about how nonchalant Tesla actually deals with really deadly crashes and the car taking over when the drivers don't really want it. And then actually a lot of times the people who are the, who survive, who are the survivors of the of the dead people probably never get answers for what actually happened in the car and why the crash happened, why it accelerated. It was really, it was a really disturbing reading. Anyway, Bavaria, we established it already. White and blue state in the German south passes a landmark resolution to unlock foundation capital for startups NVC funds. The Bavarian parliament approved a pro startup resolution to invest in startups MVC funds. A little policy tweak that aims at attracting more endowment capital into dark venture markets. Austria, to the south of Bavaria and to the south of Germany.
Chris Fahrenbach [00:19:07]:
There we see what they call a Grundave founders wave, meaning there's a clear uptick in new company formations in Austria, despite the macro headwinds, a surge indicating resilient founder activity, improving access vehicles, public co funding corporates and regional initiatives. We have in the show notes details split for different sectors and seed series totals. Vienna based Allocator1 launches a fund of funds for European VC. It's a platform designed to channel institutional money into European VC funds and the startup model aims to diversify LP risk and simplify access to venture investment investments. Switzerland, as we say in geography, to the left of Austria, west of Austria has no.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:20:07]:
You just said to the left, Chris.
Chris Fahrenbach [00:20:10]:
Yeah, that's what we say. Pinterest launches a new AI tech hub in Zurich in order to strengthen their Dach region footprint and also signaling a major investment in local research and development. The hub will focus on personalization, generative AI and content safety. And this, our dear friends, is already the end of part one of our startup news. We will be back in three days. For those of you who listen to us on day one, if you download us later, you can also wait three days. But you can also just go into your app and download the second part if you want to. So thanks for now and we'll hear you soon.
Jörn 'Joe' Menninger | Founder and Editor in Chief | Startuprad.io [00:21:00]:
Talk soon. Bye guys. That's all folks. Find more news, streams, events and interviews@www.startuprad.IO. remember, sharing is caring.
Chris Fahrenbach [00:21:22]:
Sam.
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