After EU's tougher requirements – they raise €215m to build hardware smarter
New Swedish AI startup lands €18.4 million to help manufacturers keep up with EU rules
A new Swedish AI solution sees the light of day. It’s called Encube – and it aims to simplify design choices for industrial companies in an era of uncertainty and new EU requirements. Now they’re raising €18.4 million from a trio of heavyweight investors.
A new Swedish AI solution sees the light of day. It’s called Encube – and it aims to simplify design choices for industrial companies in an era of uncertainty and new EU requirements. Now they’re raising €18.4 million from a trio of heavyweight investors.
In recent years, the EU has introduced several new requirements to make products more sustainable and circular. At its core, there is a law requiring the entire union to be climate neutral by 2050 – along with specific directives on emissions trading and sustainable design.
One company aiming to help industry make the transition is Encube – a Swedish deeptech company that has been around since 2021 but is now entering the launch phase. The company has developed a new AI platform that, among other things, automates manual tasks for manufacturing companies in the automot...