The Switzerland market ended marginally down on Tuesday despite trading higher till a couple of hours past noon, as investors digested the latest batch of economic data from the European region and looked ahead to key Fed announcements. In this fluctuating environment, identifying high growth tech stocks can be crucial for investors seeking opportunities amid...
Category: Tech
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Swiss startup Apheros secures USD $1.85m for DC cooling tech
Swiss startup Apheros has announced a successful pre-seed funding round, raising USD $1.85 million. The company, led by co-founders Dr Julia Carpenter and Dr Galle Andreatta, has developed innovative cooling solutions specifically designed for data centres and high-power computing industries. Apheros specialises in thermal management technology, utilising high-performance metal foams that optimise heat dissipation and...
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Female-led Swiss Deep Tech start-up Apheros secures $1.85M to cool down data centers, using high performance cooling systems
Apheros Apheros specializes in thermal management and is developing innovative cooling solutions for data centers and the high-power computing industry. Its high-performance metal foams maximize heat dissipation, optimize fluid flow, and reduce energy consumption, addressing the most crucial cooling challenges faced by industry. Zurich, Aug. 19, 2024 (GLOBE NEWSWIRE) — Data centers are the backbone...
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Nokia and Swisscom to deploy drone service across Switzerland – ET Telecom
By Olivier SorghoNokia has partnered up with Swisscom to deploy a drones network across Switzerland to improve emergency responses and infrastructure inspection, they said in a joint statement on Thursday. The Finnish telecom gear maker will supply 300 un-manned vehicles that mobile provider Swisscom will operate through a drones-as-a-service (DaaS) network across the country. DaaS...
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‘Switzerland of quantum computing’ raises $75M for error-correction chip
UK-based Riverlane announced today it has secured $75mn in Series C funding to meet “surging global demand” for quantum error correction — and propel it on its path toward 1 million error-free quantum operations by 2026. Quantum technologies hold the potential to forever alter the way in which we think about computation. Specifically, quantum computing...
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Swiss Fintech Funding Falls 58.5% YoY – Fintech Schweiz Digital Finance News – FintechNewsCH
Free Newsletter Get the hottest Fintech Switzerland News once a month in your Inbox Swiss fintech startups are losing favor with investors. In H1 2024, investments in fintech startups in Switzerland fell by 58.5% year-on-year (YoY), plummeting from CHF 191 million in H1 2023 to CHF 79.2 million in H2 2024, according to the new...
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Tech stocks drive market selloff: where next for the NASDAQ price?
US stocks decline amid tech sell-off Wall Street experienced a sharp decline on Thursday, with technology stocks leading the downturn. The tech-heavy NASDAQ 100 Composite closed 2.3% lower, while the broader S&P 500 fell 1.4%. The Philadelphia Semiconductor index, tracking 30 stocks in the sector, suffered its worst day since 2020 with a 7.1% loss....
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Swiss Knowledge Search Startup DeepJudge Announces $10.7M in Seed Funding | Legaltech News
On Tuesday, Switzerland-based legal tech AI startup DeepJudge announced that it raised $10.7 million in an oversubscribed seed fund round led by investment company Coatue. The startup also debuted a generative AI interface called Knowledge Assistant that aims to help legal departments and firms access data within their documents. Founded in 2021 by former Google...
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Swiss green aviation fuel startup Metafuels secures $4.9M
Zurich-based climate tech startup Metafuels and the Paul Scherrer Institute (PSI) has been awarded a grant from the Swiss Federal Office of Energy to construct an e-SAF pilot plant for the development of sustainable aviation fuel. The grant will contribute to the realisation of a pilot facility to demonstrate the innovative aerobrew technology developed by...
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Switzerland champions open-source government software
Switzerland is spearheading a groundbreaking initiative, requiring that all government software adopt an open-source approach. This move towards transparency is expected to increase efficiency, encourage innovation, and provide a model for other nations to follow. Transparent technology means more informed public decision-making and could potentially decrease expenditure on proprietary software. The initiative aims to stimulate...
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Switzerland is forcing government bodies to use open-source software
In context: Free, open-source software is often promoted as a cost-effective alternative to proprietary or commercial software. While widespread FOSS adoption still hasn’t happened, some European nations are trying to speed up the process by imposing new legal requirements. Switzerland has started requiring all its public organizations to use open-source software. The new measure, known...
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Switzerland tells its government agencies they must use open source software
In an effort to improve digital transparency and efficiency, Switzerland has enacted the Federal Law on the Use of Electronic Means for the Fulfillment of Government Tasks (EMBAG), which mandates the use of open source software in the public sector. The new law requires public agencies to disclose the source code of software developed by...