TWIS #155

Axelera AI, Newtwen. Agade, and others raised funding. Silverlake acquires a stake in Teamsystem. A new accelerator from CDP VC.

Hello,

Welcome back to The Week in Italian Startups. This is Niccolò from Primo Ventures: every week, I publish my curated list of the latest news from the Italian startup ecosystem.

The Money

• Axelera AI, a Netherlands-based startup designing microprocessing units for edge AI, raised an additional USD$ 23m into its Series A round from CDP VC and Verve Ventures.

• Newtwen, a digital twin startup, 🇮🇹raised €7m from 360cp and JOIN Capital.

• Agade, a startup developing an industrial exoskeleton, 🇮🇹raised €4m in a round participated by Cysero, Brembo Ventures, CDP VC, EIC Fund, 360cp, and GeneraImprese.

• CaSRevolution, a life sciences startup, 🇮🇹raised €1.8m from Utopia Sis and a group of business angels.

• I-Tes, an energy efficiency startup, 🇮🇹raised €1.4m from Eureka! Ventures and Tech4Planet.

• Angelini Ventures invested USD$ 6m (out of a USD $26m round) in US-based Cadence Neuroscience, an anti-epilepsy startup.

• Stellantis Ventures invested in Lyten, a tunable three-dimensional graphene startup.

M&A, IPOs, and other liquidity events

• SilverLake acquired a minority stake in TeamSystem for $660m.

• Neosperience is planning to IPO its Neosperience Health subsidiary on the Nasdaq.

• Fabrick acquired Judopay.

• Rancilio Cube Sicaf 🇮🇹raised €12m.

Reading this week

• CDP VC 🇮🇹launched StyleIT, the fashion-tech accelerator.

• Openai on the governance of superintelligence.

• Skip the line, or how to optimise for receiving the best introductions from your VC.

Fundraising Tracker

Ending Notes

Giacomo Mollo and I comment weekly on the latest news: subscribe to our podcast on YouTube, Spotify, Apple Podcast, Amazon Music, and other platforms to get additional insights on what is happening in the Italian ecosystem.

Have a great week,

N.