Fly Ventures has closed its €80 million Fund III. It follows its €53 million Fund II and €35 million Fund I. The Firm addresses a critical gap in the European funding landscape for deep tech founders. “If you are a deeply technical founder or working on a hard technical problem in Europe, your funding options at the inception stage mostly suck,” stated Gabriel Matuschka. Founders often find it frustrating to simplify their pitches for investors who apply generic SaaS logic to everything. This approach can be harmful, especially in the early stages of deep tech development

Amazon Web Services (AWS) has announced a multi-year partnership with Orbital Materials to accelerate the development of advanced technologies aimed at decarbonising and improving the efficiency of data centres.

Two years into the generative artificial intelligence (AI) boom, CEOs and chief information officers are looking to focus on the use cases that deliver the best return on investment, Amazon Web Services (AWS) CEO Matt Garman told The Wall Street Journal (WSJ). Garman said that “almost every” one of these executives has done at least 100 proofs of concept and now aims to focus on five or fewer that are most valuable, according to an interview posted Monday (Dec. 2) by the WSJ. On Tuesday (Dec. 3), Garman will deliver a keynote address at the annual AWS re:Invent conference and will share “real, needle-moving changes” among the company’s offerings in AI and computing, he said, per the interview