Banzai Cloud has closed its latest round of seed funding with a total investment of $2.5 million. The round was led by PortfoLion, a Central European venture capital and private equity fund, and included financing from FastVentures and Euroventures of Budapest, the latter being an angel investor that has been with the company since its foundation in 2017.
OTP Bank will launch its second international accelerator program in the first months of next year and is accepting applications from growth-stage startups and scaleups until the end of November.
Hungaryʼs Szallas.hu, an online service for booking commercial accommodation, has acquired Polish peer Spanie.pl; the two companies are expected to merge by September this year, Hungarian news agency MTI reported Wednesday.
Hungarian mobile payment company Cellum Global signed a strategic cooperation and investment agreement with Metranet, the digital services unit of Indonesiaʼs leading telecommunications group Telkom, in Budapest on Tuesday, according to local reports.
Europe’s AImotive has raised $38 million in a third round of funding for its software for autonomous cars.
AImotive receives third license for testing autonomous vehicles on public roads, AImotive has been granted a permit to carry out self-driving testings on public roads in Hungary. This is our third such license in a row after Finland and California.
The next startups aim to influence transportation. AdasWorks is making cars more smart, Rightware enabling better user experiences while driving and unu creating the mobility solution so that all people are enabled to embrace the full potential of urban life.
One of most easy-to-use 3D modeling platforms in the industry today, Leopoly, has taken note of the way their tools have assisted everyday people to get involved with 3D design and printing.
In today’s Fintech Spotlight, we take a look at Oradian, and learn how their cloud-based software is helping increase financial inclusion.
Gravity R&D, a leading personalization provider, is partnering with Allegro.pl, Poland’s market leading auction website. Allegro has been a significant e-commerce player in Central and Eastern Europe for over 15 years.