Germany

Flower Labs from Germany raises $20M in Series A to boost federated AI Development
Flower Labs, a Hamburg-based startup pioneering in federated and decentralized AI, has successfully closed a $20 million (approximately €18.56M) Series A funding round. The investment is aimed at promoting the widespread adoption of federated learning, offering an alternative to traditional GPU-centric AI training methods by providing flexibility with training data and reducing GPU dependency.
Berlin-based akirolabs, a SaaS platform specializing in collaborative strategic procurement, has successfully raised $5 million (approximately €4.61 million) in a seed funding round. This investment will be channeled towards advancing akirolabs’ SaaS product, enhancing its AI capabilities, and expanding customer growth and overall business operations.

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