Sifted
Munich-based AI tax and accounting startup Skalar raised €12m in pre-seed and seed funding. The company was founded by Armin Vyß, who previously sold a startup to Klarna for €110m. Skalar plans to use the funding to expand its AI-powered tax and accounting software across European markets.
European tech weekly recap: More than 60 tech funding deals worth over €2.7B
Tech.eu · 1 day ago
Munich robotics startup Microagi raises $55m, Germany’s largest ever seed round
Sifted · 5 days ago
Mistral AI raises 1.7B€ to accelerate technological progress with AI
Mistral AI · 10 months ago
‘We want to make bookkeeping less painful’: How Visma and its AI portfolio are reshaping accounting
Sifted · 5 days ago
Zalando joins Sereact's $116M Series B to accelerate AI-powered warehouse automation
Tech.eu · 1 day ago
The daily briefing
TLDRocket reads 60+ sources, removes duplicate coverage, and summarises the day in two minutes. Free, no spam, unsubscribe anytime.
TLDRocket
21 July 2026
The open-weight AI model market hit an inflection point today as Alibaba and Kimi released trillion-parameter competitors that challenge the closed-model orthodoxy—just as Washington moved to restrict them. Alibaba's Qwen 3.8 Max (2.4 trillion parameters) and Kimi K3 (2.8T) are going open-weight, with K3 ranking first on Frontend Web App Arena and fourth on agentic benchmarks, signaling that scale and transparency can coexist. The timing matters: while U.S. policymakers weigh layered restrictions on Chinese open models, technical experts are pushing back hard, arguing that closed gardens actually hurt security and competition more than they help. The real fragmentation risk isn't technical—it's regulatory.
Read the full briefing →