TWIS #194
Wesii, Cynomys, TalentWare raised funding. $100m for Nozomi. SIGHUP acquired by Reevo. Spreadsheets are all you need.
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.
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The Money 💰
Wesii, a company deploying drones to monitor critical infrastructure, 🇮🇹raised €2.8m from Terna Forward and DXT Commodities sa.
Cynomys, a Precision Livestock Farming startup, raised €2.1m in a seed round participated by Farming Future, dsm-firmerich Venturing, Levante Capital, SVG Ventures, Plus9, in addition to previous investors.
TalentWare, a talent management startup, raised €800k in a pre-seed round led by 360cap.
Nozomi Networks, an OT and IOT security company, raised $100m from Mitsubishi Electric and Schneider Electric, among others.
M&A 🥩
SIGHUP joined forces with ReeVo.
Reading this week 📚
Singapore-based semiconductor firm Silicon Box will invest €3.2b ($3.50 billion) in a new plant in northern Italy.
Spreadsheets are all you need (i.e. replicating GPT2 in Excel)
The Italian government is pushing hard(-ish) on AI, 🇮🇹promising €1b in investments dedicated to AI from CDP.
Listening this week 🎧
Bending Spoons on 20 Minutes VC.
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Ending Notes📝
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Have a great week,
N.
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