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Titans of Tech: GP Bullhound releases its annual report on the European tech ecosystem

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LONDON, May 24, 2024 /PRNewswire/ — Titans of Tech:  Unrivalled era of A.I. led innovation for European Tech –  No more excuses.
GP Bullhound is proud to announce the release of its Titans of Tech 2024 report. For the tenth year in a row, GP Bullhound has released its annual Titans of Tech report, highlighting and analysing the growth trends in Europe’s tech ecosystem. This comprehensive analysis underscores the resilience and growth of Europe’s tech sector, setting the stage for a new era of innovation and investment.

Key takeaways from our report include:

The funding frenzy is over, but the new normal is very healthy: Funding levels have normalised, averaging €15Bn per quarter over the last year, which is ~50% higher than 2019.The value of the ecosystem is growing despite the failures: 14 new unicorns were created in the last 12 months. Europe and Israel now have 323 unicorns, up from 311 a year ago and 283 the year before. The ecosystem’s total valuation has grown to $1.2Tr, an ~11x increase in billion-dollar companies and a ~14x increase in aggregate valuation since our first report in 2014.Megarounds are fewer but larger and still accessible: Access to capital rounds exceeding $50 million has tightened, but investors remain interested in supporting innovators. The deal count dropped 68% over the last two years due to a focus on profitability and conservative planning. Only 17% of European unicorns raised capital in 2023, as 93% had already raised funds during the 2021-2022 bull market.Software innovation continues, shaping the way we live and work: Despite funding challenges, technological developments, especially in artificial intelligence, continue to drive automation and cost savings. European AI companies received over €11Bn in funding in the last year, with 36% of new unicorns being AI/ML businesses.Category leaders and geographies: This year, the UK and France lead the startup arena with three unicorns each. The UK’s unicorns are valued at $3.4Bn, with significant contributions from AI leaders Synthesia and Builder.ai. France’s trio reaches a collective valuation of $7Bn, highlighted by innovators like Mistral AI. Germany, Israel, and the Netherlands each added two unicorns, while Sweden and Italy added one unicorn each.Europe’s most promising startups: GP Bullhound has analysed more than 100 European startups for scale, velocity, and sentiment, and ranked the top 50 companies with the most potential to become one-billion-dollar companies. The top 10 include Agicap, Brevo, Typeform, Homa, AMBOSS, Akeneo, Form3, Flo Health, Aidoc, and ConnexOne.

Manish Madhvani, Managing Partner at GP Bullhound, said: “After ten years of issuing our Titans of Tech report, we have witnessed the highs and lows of the European tech ecosystem. A year ago, the situation was less encouraging for the fundraising environment, with macro uncertainty and with businesses more focused on layoffs than on growth and innovation.

Today, against the backdrop of negative headlines, we have cemented the building blocks for the next wave of innovation. Funding levels have stabilised, and are amazingly 50% higher than pre bull market levels.

With Europe’s maturing base of engineering talent and the world’s fascination in its potential productivity gains, artificial intelligence offers a unique opportunity to create global leaders in record time. There is no shortage of funding for the best entrepreneurs and companies, as evidenced by the record $220m seed round for Paris based H announced this week. What was noticeable about the round was the range of the investor syndicate : from strategics such as Amazon, Samsung and UI Path, household names such as Bernard Arnault, Eric Schmidt and Xavier Niel, and leading VC’s.Looking ahead, we expect the next few years to represent an era of unprecedented innovation in the European ecosystem. Innovation is flowing, vast amounts of capital are available for the strong and the talent pool is expanding. No more excuses Europe!”

Expert interviews
What does it take to build a billion-dollar company? What are the critical success factors for European tech? How to remain resilient in a challenging market and benefit from economic downturns? This year’s report features expert views from leading founders and CEOs, including Synthesia, Quantexa, SEON, Flo Health, Zappi and CoverManager.

Download full report: www.gpbullhound.com/articles/titans-of-tech-2024

Enquiries
For enquiries, please contact: press@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 12 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com.

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Tineco Heats Up Autumn With Up To 56% Off Amazon Range from the Global Leader In Hard Floor Cleaning

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SYDNEY, April 20, 2026 /PRNewswire/ — Tineco, the world’s #1 leader in wet and dry hard floor cleaning, has today announced details of its Autumn Amazon sale commencing today, delivering Australians up to 56% off world-leading floorcare technology that makes it easier than ever to ditch the mop and bucket and upgrade the cleaning routine to include smarter, faster, more effective tools.

With Autumn setting in and kids sports season kicking off this month, Aussie households are already experiencing more dirt, dust and mess being tracked into living spaces. As the #1 wet & dry floor cleaner brand on Amazon in Australia for three years running, Tineco’s range brings thoughtful design and a deep understanding of everyday cleaning needs.

From today through to May 3, 2026, Tineco is offering up to $500 OFF select models in its Amazon range that features Tineco’s proprietary HyperSteam, HyperStretch and FlashDry self-cleaning technologies. When combined, these features enhance the everyday cleaning routines of busy Aussie households, for a hygienic home environment.

Available via Amazon Australia, models include:

FLOOR ONE Stretch S6 – was $899, NOW $399 – 56% OFFFLOOR ONE Switch S7 Stretch – was $1199, NOW $799 – 33% offFLOOR ONE S7 Artist – was $899, NOW $579 – 36% OFFFLOOR ONE i7 Stretch Steam – was $999, NOW $599 – 40% offCARPET ONE Cruiser – was $1,199, NOW $699 – 42% OFF

What makes Tineco floor cleaners stand out?

MHCBS (Maintain Hygiene Clean Brush System) Technology: Continuously cleans the brush roller with fresh water while removing dirty water at high speed, helping prevent streaks and deliver a more hygienic, residue-free clean. This makes a significant difference in the effectiveness of the floor clean, with only clean water used at all times of the cleaning process.iLoop Smart Sensor Technology: Automatically detects dirt and adjusts suction power and water flow.HyperStretch Technology: 180° lay-flat design that fully reclines to make it easy to get into hard-to-reach places – giving dust nowhere to hide.FlashDry Self-cleaning: With the push of one button the appliance cleans itself from the rollers to the brush in just 5 minutes.Hypersteam Technology: 140°C steam works to remove stains, bacteria, and naturally disinfect floors – providing a hygienic environment for kids and pets.

Further detail about Tineco’s models on sale via Amazon Australia, along with links to imagery are available below:

FLOOR ONE Stretch S6 I NOW $399 (was $899) I Available from 20th April to 3rd May 2026 at Amazon Australia
Tineco’s FLOOR ONE Stretch S6 cleans up wet and dry messes in one step and offers Dual-sided Edge Cleaning to get close up to skirtings and walls. Its 45° swivel design helps easily manoeuvre around furniture such as chairs and table legs and combined with a lay-flat design that reduces to just 13cm to get under low furniture, the Stretch S6 has daily spot cleaning covered. The inclusion of Tineco’s signature FlashDry self-cleaning system that uses 70° fresh water and air to clean and dry from the pipes to the rollers means hands-free maintenance and an appliance that is always at the ready for its next task.

FLOOR ONE Switch S7 Stretch I NOW $799 (was $1,199) I Available from 20th April to 3rd May 2026 at Amazon Australia
Tineco’s FLOOR ONE Switch S7 Stretch is a 5-in-1 multi-function cleaner that features a SwitchPro Motor to switch between floor washer and vacuum for whole-house cleaning on the go. DualBlock Anti-Tangle design and ZeroTangle Brush design targets hair messes and pet fur with ease and prevents tangling. An upgraded FlashDry self-cleaning system uses fresh water heated to 85°C to effectively dissolve stains from the pipe to the brush roller after use and the 85°C hot air effectively dries every part of the machine.

FLOOR ONE S7 Artist I NOW $579 (was $899) I Available from 20th April to 3rd May 2026 at Amazon Australia
Boasting an elegant design, Tineco’s FLOOR ONE S7 Artist subtly blends into the aesthetic of modern homes while retaining high performance, effective deep cleaning with powerful 22kPa suction and a 50-min run time. Its ultra-slim lay-flat design means the appliance compresses to just 12.85cm to fit under beds and sofas, and DualBlock Anti-Tangle scrapers prevent hair tangling and clogging – ideal for homes with fur-friends sharing living areas. FlashDry self-cleaning also features in this model, giving consumers every reason to smile thanks to a value-packed deal.

FLOOR ONE i7 Stretch Steam I NOW $599 (was $999) I Available from 20th April to 3rd May 2026 at Amazon Australia
Featuring Tineco’s premium HyperSteam Technology, the FLOOR ONE i7 Stretch Steam uses super-heated steam (up to 140℃ and reaching the floor at no less than 99℃) to dissolve stubborn grease, stains and sticky residue from floor surfaces. The 180° lay-flat design effortlessly reaches low areas, enabling the cleaning of hidden dust at heights as low as 13 cm. An 80-min run time allows for whole-house cleaning on a single charge and FlashDry self-cleaning makes post-use clean up quick and easy.

CARPET ONE Cruiser I NOW $699 (was $1,199) I Available from 20th April to 3rd May 2026 at Amazon Australia
The CARPET ONE Cruiser integrates SmoothPower Technology and bi-directional assist-wheels which improve maneuverability across carpeted surfaces. Combined with a repositioned water tank, less effort is required by the user to push and pull the appliance during the carpet cleaning process. It also incorporates clever high temperature PowerDry Technology that extracts water powerfully and dries washed carpets with 75°C heated air to accelerate the drying process. It reduces drying time by 50% or more compared to traditional models, helping to prevent mould and mildew and allowing carpeted areas to be used sooner. The CARPET ONE Cruiser includes additional cleaning tools for spot cleaning. For hands-free maintenance, the CARPET ONE Cruiser features FlashDry Technology – an automatic, two-minute self-cleaning cycle that flushes the brush, suction inlet, and roller cover, followed by a five-minute 55°C flash drying cycle that completely dries each component, preventing odours. Plus, iLoop Smart Sensors to automatically adjust water flow and suction power based on the level of dirt and debris detected.

Tineco’s ongoing commitment to provide feature-rich and value-for-money cleaning solutions for consumers has led the company to be recognised as the #1 global leader in the household wet & dry floor cleaner category* for the fourth consecutive year by Euromonitor International, the world’s leading independent provider of strategic market research.

To learn more about Tineco’s Amazon range of intelligent stick vacuums, floor washers, and carpet cleaners, visit https://www.amazon.com.au/tineco

ABOUT TINECO
Tineco (“tin-co”) was founded in 1998 with its first product launch as a vacuum cleaner and, in 2019, pioneered the first-ever smart vacuum. Today, the brand has evolved into a global leader in intelligent appliances spanning floor care, kitchen, and personal care categories. With a growing user base of over 23 million households and availability in approximately 30 countries worldwide, Tineco remains committed to its brand vision of making life easier through smart technology and continuous innovation. For more information, visit https://au.tineco.com/  

*Source: Euromonitor International (Shanghai) Co., Ltd.; measured in terms of the brand & global retail sales volume (in units) of household wet & dry vacuum cleaners in 2022, 2023, 2024, and 2025. Household wet & dry vacuum cleaners are defined as household cleaners that dispense clean water (or cleaning solution) to wash hard floors and vacuum the dirty water and debris thereafter. Based on research completed in March 2026.

 

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LG Innotek to Supply Cutting-Edge Automotive Wi-Fi 7 Communication Module to a leading European automotive parts company

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Order value of approximately USD 68M with mass production to begin in 2027Offering data transmission speed three times faster, with no speed degradation even with multiple devices connected simultaneouslyChanging perception of car considered as ‘a second living space’…Trend enhancing growth of Automotive Wi-Fi market, expected to grow 9.6% annually

SEOUL, South Korea, April 20, 2026 /PRNewswire/ — LG Innotek (CEO Moon Hyuksoo) announced on the 20th of this month that it will supply its Automotive Wi-Fi 7 Communication Module, featuring cutting-edge Wi-Fi technology, to a leading European automotive parts company.

The order is worth approximately USD 68M. Mass production of the module will begin in 2027. LG Innotek’s Automotive Wi-Fi 7 Communication Module will be integrated into Audio, Video, and Navigation(AVN) systems, which will then be delivered to the global OEM customer.  

By commercializing its first Automotive Wi-Fi 7 communication module from 2005, LG Innotek expects to cement its leading position in the global automotive connectivity solution market.

LG Innotek’s Automotive Wi-Fi 7 Communication Module supports an ultra-wide bandwidth of 320MHz, doubling the bandwidth per channel (width of the path radio waves travel) compared to existing Wi-Fi 6E (6th Generation Extended) modules. Consequently, data throughput and transmission speeds are three times faster than before.  The module is also equipped with 4K-QAM technology which increases the data processing quantity by 20%.

Furthermore, LG Innotek designed the module to support up to two antennas by applying Multiple-Input Multiple-Output(MIMO) technology which helps significantly reduce signal loss. A single antenna might miss some signals while handling data transmission, whereas if there is another supplementary antenna, all those missed signals can be covered. This is the reason why several devices, connected at the same time in the same vehicle, can transmit and receive large amounts of data using ultra-high-speed Wi-Fi without experiencing any interruption or latency.

LG Innotek’s Automotive Wi-Fi 7 Communication Module incorporates over 150 components, including a Qualcomm communication chip, RF circuitry, and antennas. The module is also compact and slim, measuring about one-sixth the size of a credit card.

In addition, the new module can withstand extreme external temperatures ranging from -40°C to 105°C (-40°F to 221°F). It also resists deformation even when exposed to the heat generated by transmitting large amounts of data or the cold when parked outdoors for extended periods in the dead of winter. This is because it was developed with a larger surface area at the circuit-bonding points, allowing it to withstand repeated contraction and expansion.

LG Innotek is also actively promoting the Automotive Wi-Fi 7 Communication Module for European and Japanese OEM customers.

AVN system will not be the exclusive application of the module. LG Innotek is indeed planning to expand the product’s application area to RSE(Rear Seat Entertainment) systems, TCU (Telematics Control Unit) and DCU (Domain Control Unit).

LG Innotek is thus accelerating the expansion of its global market share with automotive connectivity solutions that deliver differentiated customer value, including not only its new automotive Wi-Fi 7 module but also the 5G-V2X Communication Module, 5G-NAD Communication Module, and Automotive AP Module.

Moon Hyuksoo, CEO of LG Innotek stated, “Growth is expected to gain further momentum, driven by Mobility Solution revenue, which is projected to grow by an average of 20% annually for the foreseeable future, particularly as sales of automotive AP modules begin in earnest in the fourth quarter of this year. LG Innotek will continue to lead the market by introducing innovative solutions that deliver differentiated driving experiences.”

[Glossary] Automotive Wi-Fi communication module:
This is a short-range wireless communication component that connects the infotainment(IVI: In-Vehicle Infotainment) system, which controls vehicle operation information and multimedia content, to internal smart devices and external routers. It is primarily installed in the front AVN(Audio Video Navigation) system and rear seat displays. With this Wi-Fi module, all passengers can use video conferencing services, stream videos, listen to music, and more without worrying about data consumption or smartphone tethering.
As cars evolve beyond mere transportation into a “second living space,” the automotive Wi-Fi communication module is gaining attention as a core electronic component for the connected car and autonomous driving era.

[Glossary] QAM (Quadrature Amplitude Modulation)
QAM refers to a method of transmitting data by embedding it in wireless signals. The higher the QAM level, the more data can be transmitted at once. Wi‑Fi 7 supports 4,096 (4K) QAM, which is four times higher than the previous generation.

[Reference] Global In-Vehicle Wi-Fi Market Size
According to Global Market Insights (GMI), the global in-vehicle Wi‑Fi market is projected to grow at a compound annual growth rate (CAGR) of 9.6%, expanding from USD 20.9 billion in 2025 to USD 47.7 billion by 2035. In line with this market trend, global automakers are increasingly launching new vehicles equipped with Wi‑Fi communication modules as a standard feature.

 

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SOURCE LG Innotek

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BrightParent Introduces Personalized Parenting App for Parents of Kids Ages 5 to 17

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BrightParent gives parents personalized support, in-the-moment guidance, and 7-day programs for everyday challenges like bedtime battles, homework conflict, big emotions, and sibling tension.

MONTREAL, April 19, 2026 /PRNewswire-PRWeb/ — BrightParent, a new parenting app for iPhone and iPad, is now available on the App Store.

“BrightParent was created as a parenting tool that can not only help in the moment, but also support families as they work through patterns that come up again and again.”

Designed for parents of children ages 5 to 17, BrightParent was created to address a gap many families run into every day: parenting advice often sounds good in theory but can feel too generic, too idealized, or too hard to use when real situations are unfolding at home.

“Parents are often trying to respond well in moments that are messy, emotional, and moving fast,” said Claire Bennett, media contact for BrightParent. “What is missing in a lot of existing advice is something that feels calm, practical, and specific enough to help with the child and situation right in front of you.”

BrightParent focuses on common parenting situations such as bedtime resistance, homework struggles, emotional outbursts, sibling conflict, screen time transitions, difficult mornings, and everyday boundary issues.

The app begins with a detailed onboarding process that helps parents build a fuller picture of their child and family context. That information helps shape the support BrightParent provides, so the guidance reflects the child’s age, the situation the parent describes, and the broader family context.

Parents can type in what is happening and receive practical guidance along with simple, natural scripts they can use with their child. For families working through recurring challenges, BrightParent also offers structured 7-day programs, including custom programs parents can create around the specific issues they want help addressing over time.

“The goal was not to build another general-purpose chatbot,” Bennett said. “BrightParent was created as a parenting tool that can not only help in the moment, but also support families as they work through patterns that come up again and again.”

BrightParent is built specifically for everyday parenting support. It is not a general purpose chatbot and does not provide medical, clinical, therapeutic, diagnostic, or crisis services.

BrightParent is available now on the App Store for iPhone and iPad.

Website: https://www.brightparent.app/

App Store: https://apps.apple.com/app/id6759067566

Media page: https://www.brightparent.app/media/

About BrightParent

BrightParent is a parenting app for iPhone and iPad designed for parents of children ages 5 to 17. It offers age-appropriate guidance, practical scripts, and structured support for everyday parenting situations, with personalization informed by the child and family context shared during setup.

Media Contact

Claire Bennett, BrightParent, 1 514-558-4664, media@brightparent.app, https://www.brightparent.app/

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SOURCE BrightParent

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