AI startup Poolside has raised a whopping $500mn — and it still hasn’t even launched a product. Despite the barren release schedule, the company has become an investors’ darling. The new Series B round brings Poolside’s total funding to $626mn. Its valuation now stands at a cool $3bn. The cash magnet is a AI-powered coding. Poolside has developed its own language model, which promises to accelerate software development. The company also boasts two eye-catching co-founders. CEO Jason Warner helped create GitHub Copilot, while CTO Eiso Kant is a serial founder of AI startups. At Poolside, the pair are building three things:…

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Finland’s vast green forests are famously restorative. So restorative that they can even treat diseases. That’s according to Uute Scientific, a biotech firm based in Helsinki. The company has created a unique remedy: a microbial extract that replicates Finnish nature. Today, the startup revealed new evidence of the organism’s powers. The extract targets a growing health problem. Immune systems, Uute says, are being weakened by urbanisation and oversanitation. As a result, city dwellers have higher rates of many allergic, inflammatory, and auto-immune diseases. Biodiversity could give their bodies a boost. Unfortunately, the benefits aren’t always readily available on tap. But you…

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Amsterdam-based Lapsi Health is looking to firmly position itself in the rapidly-evolving market of smart medical devices. The startup announced yesterday the US launch of its first clinical support tool, a digital stethoscope, after receiving clearance from the Food and Drug Administration (FDA) — the US regulator for medical devices. Dubbed Keikku, the digital stethoscope is a portable wireless device that uses sensing technology and AI to listen to body sounds, such as breathing, and turn them into data-based insights. Keikku also comes with features such as the option to share and stream sound clips or to crop and annotate…

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IBM’s first quantum data centre in Europe may have been planned during his predecessor’s tenure, but it was Olaf Scholz with entourage who descended on the small German town of Ehningen on Tuesday. The reason was to welcome the first IBM Heron processor to be installed outside of the US.  When the Chancellor of Germany shows up to spend nearly half a day at an event, you know it is a pretty big deal. Indeed, attracting projects like IBM’s new quantum data centre might be what makes or breaks German — and European — aspirations on “technological sovereignty” in the…

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London-based scaleup Huma announced today the expansion of its digital healthcare solutions with the acquisition of eConsult. This is one of the UK’s largest digital triage and consultation platforms across primary and emergency care. Founded in 2011, Huma works with healthcare providers and big pharma to improve clinical outcomes with digital solutions. Since its founding, the company has been strategically expanding its portfolio of services, aiming to accelerate the digitalisation of healthcare. “The acquisition [of eConsult] brings us one step closer to becoming the end-to-end technology platform for the industry to deliver digital-first care at scale seamlessly,” said Dan Vahdat,…

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