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Brevo exceeds 30 million dematerialized loyalty cards
Founded by Armand Thiberge, Brevo, a European CRM player, announces that it has reached the milestone of 30 million dematerialized loyalty cards integrated into mobile wallets. Since acquiring Captain Wallet, Brevo has integrated the startup’s technologies to strengthen its role in transforming customer experience and consumer-brand interaction. These solutions, adopted by brands like Adopt Parfums, result in a notable increase in customer engagement and commercial performance, particularly during peak periods such as Christmas and Black Friday.
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🚀 Fundraising
- SandboxAQ raises 300 million euros
Based in Palo Alto, SandboxAQ, an Alphabet spin-off specializing in AI and quantum technology, has raised more than 300 million euros, bringing its valuation to 5.3 billion euros.
- Perplexity AI triples its valuation
The generative AI startup Perplexity AI raised 500 million euros in a round led by Institutional Venture Partners, its valuation increasing from 3 to 9 billion euros in just six months.
- Jet Charge secures 72 million euros for electromobility
Australian startup Jet Charge has raised €72 million to develop its proprietary technologies and “Charging as a Service” subscription service. The round was led by Mirova via its MET6 fund, with the participation of investors CEFC, RACV and Kilara Capital.
- Vaeridion raises 14 million euros to develop an electric plane
Based in Munich, Vaeridion is working on an electric plane for short flights in Europe. The funds raised in Series A, with World Fund as lead investor, will be used to finance certifiable prototypes from 2027, with a view to commercialization in 2030.
⚖️ Regulations and markets
- Apple faces pressure from the European Union
The European Commission has asked Apple to make its iOS operating system more accessible to third-party developers and competing devices, such as smartwatches, earphones and headsets. This request is part of the Digital Markets Act (DMA), which aims to regulate large technology platforms.
In a document published online, regulators ask Apple to provide detailed information on procedures for accessing iPhone features for third-party developers, to establish a dedicated contact to handle these requests and to improve the refusal management process, including conciliation steps.
Apple reacted strongly, saying that the measures imposed by the DMA could compromise user security and privacy. The firm particularly singled out Meta, which it accuses of having submitted more requests than any other company to access sensitive technologies. Apple believes that Meta’s requests could impair the functionality of the iPhone and pose a threat to users’ privacy.
- Meta submits record interoperability requests to Apple
Meta has filed 15 requests with Apple under the Digital Markets Act (DMA), aimed at improving integration between its services and those of the iOS ecosystem.
- Tencent reduces its influence over Epic Games
Tencent, shareholder of Epic Games, removed two members from its board of directors and gave up appointing new directors, after antitrust concerns expressed by the US DOJ.
📊 Financial results
- Micron shows mixed results
Micron saw its revenue increase by 84% year-on-year, reaching €8.71 billion. However, the company anticipates a slowdown linked to weak demand for phones and PCs, causing its stock to fall by more than 15%.
🚀 Expansion Strategies
- Chime prepares its IPO in 2025
The American neobank Chime, valued at 25 billion euros in 2021, has filed a confidential application for an IPO. She hopes to benefit from a more favorable market within two years.
- Oklo signs agreement to supply 12 gigawatts of nuclear power
US startup Oklo, backed by Sam Altman, has struck a deal with Switch to provide up to 12 gigawatts of nuclear power by 2044. Its first reactor, Aurora, is expected to be operational in 2027.
