TWIS #249
FutureProofSociety, Genius4U, QSENSATO, and Hat Music raised funding. P101 exited from Civitfun. Has AI achieved functional free will?
Hello,
Welcome back to The Week in Italian Startups. This is Niccolò from Primo Capital: every week, I publish my curated list of the latest news from the Italian startup ecosystem.
The Money 💰
FutureProofSociety, a media startup, 🇮🇹raised €1.5m in a Seed round from Media Capital Ventures and Business Angels.
Genius4U, a wellbeing startup, 🇮🇹raised €1m in a Seed round from UpDay, Open Venture, CDP Venture Capital SGR, a|impact, SocialFare Seed, and Fondazione Italiana Accenture.
QSENSATO, a quantum sensor startup, raised €500k in a Pre-seed round from LIFTT, Quantum Italia.
HAT Music, a startup connecting emerging artists with music experts, 🇮🇹raised €200k in a Seed round from B4i.
M&A 🥩
P101 SGR exited from Civitfun, acquired by HBX Group.
Sesa acquired a majority stake of Delta Tecnologías de Información SL
Reading this week📚
G42 and iGenius 🇮🇹entered in an agreement to build the biggest AI computing cluster in Europe.
Satispay is 🇮🇹expanding its financial services portfolio offering.
An Aalto University researcher claims current AI has already “functional free will”.
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Have a great week,
N.