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PNRR Funds: Romanian AI Startup, Gaang, Secures €1.6M in Funding

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

Romanian AI Startup Gaang Secures €1.6 Million to Revolutionize Online meetings with AI Assistant

Bucharest, ‌Romania – Gaang,​ a Romanian AI startup founded by former Ericsson colleagues, has ⁣announced a new funding round of €1.6 million.The investment, ⁢led by Early‌ Game Ventures (EGV), includes support from European funds allocated through Romania’s National Plan for Recovery and Resilience (PNRR), alongside participation⁣ from Inspire Capital. This latest funding builds on previous investments totaling⁢ €650,000 received in 2021 and 2022.

Gaang is ​developing an AI-powered assistant designed⁣ to transform the way teams conduct and benefit from online meetings. The company, launched in​ 2020 by Iulian ‍Gheorghe, Raluca Trofin, and ‍Dan Huru, addresses ⁣a growing need for enhanced productivity and actionable insights ⁣in the increasingly virtual workplace.

Beyond Note-Taking: An Active AI Participant

The Gaang assistant seamlessly‍ integrates with popular platforms like Google Meet, Microsoft Teams, ⁢and Zoom. Unlike customary meeting tools that passively record transcripts, Gaang’s AI actively participates ⁣in conversations. Following meetings, it delivers comprehensive‌ summaries, minutes, key conclusions, identified concerns, and assigned tasks directly to participants​ via email.For managers, ‌Gaang offers a dedicated analytics section providing valuable data and insights into team dynamics, meeting effectiveness, and actionable recommendations for betterment. The⁢ company envisions a future where online meetings are not just about communication, but also about training, workflow initiation, and proactive task management – and aims to be at the forefront of this ‍evolution.

Fueling Expansion and AI Progress

This new funding will be instrumental in Gaang’s expansion and the continued ​development of its AI-driven platform. The company is focused on evolving its product into a​ fully-fledged AI-powered work habitat, moving beyond simple ‍assistance to actively contribute to meeting outcomes.

“In the era of artificial intelligence, online meetings are evolving,” a Gaang spokesperson stated. “We want to change the​ current situation where meeting tools play a passive‍ role. We‍ are building an actively ⁤participating assistant ‍that will redefine how teams collaborate​ and achieve results in the virtual world.”

The investment‌ from EGV II, a €60 million fund with €30 million assured capital from the ⁣Recovery Equity ‌fund (PNRR/Next Generation EU), underscores the growing confidence in Romania’s burgeoning tech startup ⁤scene. ⁤

About Gaang:

Gaang is a Romanian AI ‍startup developing an intelligent assistant for online meetings, designed ‍to increase efficiency and provide actionable‍ insights ⁣for teams using Google Meet, microsoft Teams, and Zoom. Founded in 2020 by ⁢former Ericsson engineers,⁣ Gaang ‌is committed to revolutionizing the virtual collaboration experience. https://startupcafe.ro/startup-romanesc-google-meet-zoom-teams-finantare-htm-15622

About Early Game Ventures:

Early Game Ventures (EGV) is a leading Romanian​ investment fund focused on​ early-stage tech startups.[https://startupcafe.ro/fond-nou-investitii-

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World

Leaping AI Raised $4.7 Million in Silicon Valley, Struggled in Germany

by Lucas Fernandez – World Editor
written by Lucas Fernandez – World Editor

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Leaping AI is a company‌ that builds ‍voice AI agents for call ‍centers, customer service, and⁤ other use cases. It ‌was founded in Germany in 2023 by Kevin Wu and Arkadiy Telegin [[2]]. The company raised $4.7 million in⁤ seed funding led by Nexus Venture Partners, with participation from Paul Graham, Kaz Nejatian, ‌Ritual Capital, Pioneer fund, Orange Collective, and the ⁤founders of Cartesia [[1]].Leaping AI’s agents currently handle 10,000‍ calls per day, with a ⁣customer satisfaction rate‌ exceeding 90% [[2]]. The company plans to use the funding to⁤ expand‌ its teams and ⁢scale its capabilities [[2]].

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Technology

These Are the Companies Apple Should Acquire

by Rachel Kim – Technology Editor
written by Rachel Kim – Technology Editor

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<a href="https://www.world-today-news.com/preventing-websites-from-accessing-your-private-data/" title="Preventing websites from accessing your private data">Facebook</a> Pixel Tracking Code Found on White House Website

Facebook Pixel Tracking Code Discovered on White House Website

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WASHINGTON D.C. – A tracking code belonging to Facebook, known as the Meta Pixel, was detected embedded within the code of the White House’s official website, whitehouse.gov, raising privacy concerns and prompting scrutiny from digital rights advocates. The discovery, initially reported by the cybersecurity firm Zac Johnson on May 22, 2024, indicates that user activity on certain pages of the site was being monitored and data possibly shared with facebook.

Breaking Details: What the Pixel Tracked

The Meta Pixel, a JavaScript code snippet, was found to be active on pages related to submitting comments on presidential proclamations and contacting the White House. According to the initial report, the pixel tracked events such as “PageView” and potentially collected data on visitors who submitted information through these forms. This data could include personally identifiable information (PII) like email addresses, names, and potentially even IP addresses. The pixel’s presence was confirmed through browser developer tools and analysis of network requests.

What is the Meta Pixel and Why is This Significant?

The Meta Pixel is a tool used by marketers to track website visitor behavior, measure the effectiveness of advertising campaigns, and build targeted audiences for future ads. When embedded on a website, it sends data back to Facebook (Meta) about user actions, such as page views, button clicks, and form submissions. This data is then used for advertising purposes.

The presence of the pixel on a government website is unusual and raises several concerns. Government websites are generally expected to prioritize user privacy and data security. The collection of user data by a private company like Meta, without explicit user consent, could violate privacy principles and potentially expose sensitive information.

White House Response and Removal of the Code

Following reports of the tracking code, the White House took swift action to remove the Meta Pixel from whitehouse.gov. According to a statement released by the White House Office of Communications on May 23, 2024, the pixel was implemented by a third-party vendor and was not authorized by the White House. The statement further indicated that the White House is reviewing its vendor contracts and security protocols to prevent similar incidents from occurring in the future.

Broader Context: Government Website Tracking

The White House incident is not isolated. A 2023 examination by the non-profit organization Upturn found that tracking technologies were present on a significant number of U.S. federal government websites.Upturn’s report revealed that over 1,500 federal websites used tracking technologies, potentially collecting data on millions of Americans. These technologies included not only Meta Pixels but also trackers from companies like Google and Adobe.

The use of tracking technologies on government websites raises questions about compliance with privacy laws, such as the Privacy Act of 1974, which governs the collection, use, and disclosure of personal information by federal agencies.It also highlights the need for greater transparency and accountability in how government agencies manage user data.

Privacy Implications and Future Outlook

The incident underscores the pervasive nature of online tracking and the challenges of protecting user privacy in the digital age. Experts recommend that users employ privacy-focused browser extensions and tools to block trackers and limit data collection.Furthermore

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Technology

Stockholm-Based Lovable Hits $100M Revenue With AI

by Rachel Kim – Technology Editor
written by Rachel Kim – Technology Editor

Lovable: The AI Unicorn Revolutionizing Web Development with “Vibe Coding“

In a rapidly evolving tech landscape, Swedish AI startup Lovable has emerged as a meaningful player, transforming the way individuals and businesses approach website creation. What began as a passion project by founder Osika, an AI tool dubbed GPT Engineer, quickly gained traction on Github, signaling a powerful new direction in software development. This early success prompted Osika to quit his job and, with co-founder and CTO Fabian Hedin, pivot towards a more accessible, visual platform.

Their initial product, Lovable, experienced a setback with its first version, but the team’s resilience shone through.By re-engineering the tool to handle more than just simple games and static websites, they relaunched in November 2024, achieving remarkable success. In just over a month, Lovable raked in over $5 million in subscriptions, demonstrating a strong market demand for their innovative approach.

Currently, Lovable is generating approximately $1 million daily in subscriptions. However, the company operates in a highly competitive arena. Its focus on portfolio sites and basic prototypes places it in direct competition with established industry giants like Figma and website builders such as Wix and Squarespace. These established players are also actively developing their own AI-powered tools, with Figma launching a code generator and Wix acquiring an AI coding startup for $80 million.

Despite its successes, Lovable has limitations. While it excels at web design,the complexities of more intricate applications still require human intervention. Dutch AI engineer lennert Jansen, whose startup Airweave secured a spot at Y Combinator, found Lovable invaluable for generating a prototype. However, his team had to hand-code the more complex back-end and have since rewritten the remaining Lovable code.Still,Jansen emphasizes the significant time savings and tangible starting point Lovable provided,stating,”If we hadn’t had Lovable,it wouldn’t have given us this tangible starting point. It was a massive win with the speed this market moves.” Airweave is now generating $17,000 a month and has secured $6 million in funding.

Another vulnerability for Lovable, and manny similar “vibe-coding” startups, is their reliance on underlying AI models, particularly Anthropic’s Claude. Lovable incurs substantial monthly costs for these models, with some competitors spending even more. This reliance has propelled Anthropic towards an estimated $4 billion in revenue this year, and the company, valued at $60 billion, is now directly offering its own code tool.

In the face of this intense competition, osika’s strategy remains focused on building user-loved products and leveraging the best and most cost-effective AI models. He believes in the human element, stating, “Humans understand humans, and lovable is this enabling tool to make ideas come to life in minutes.” This philosophy positions Lovable as a powerful facilitator, empowering individuals to translate their creative visions into tangible digital realities with unprecedented speed and ease.

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Business

Tailor ERP Raises $22M Series A to Fuel Headless Growth

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

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Tailor Secures $22 Million to Revolutionize ERP with AI-Powered ‘Headless’ Platform

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San Francisco and Tokyo-based Tailor, an enterprise resource planning (ERP) platform, has successfully closed a $22 million Series A funding round, signaling strong investor confidence in its innovative approach to ERP systems. The funding was led by prominent investors including ANRI, JIC Venture Growth Investments (JIC VGI), New Enterprise Associates (NEA), Spiral Capital, and Y Combinator.

What is ‘Headless’ ERP and Why Does It Matter?

Traditional ERP systems often present a rigid, single-interface structure, limiting customization and flexibility. Tailor is pioneering a “headless” ERP system, which separates the front-end user interface from the back-end ERP core. This allows businesses to independently select or develop the front end while the back end manages critical functions such as inventory management and accounting.

did You Know? the global ERP software market is projected to reach $78.40 billion by 2026, growing at a CAGR of 10.2% from 2019 [[1]].

Omakase: AI-Driven Automation

Tailor’s system, Omakase, leverages this headless architecture to enable secure API access for AI agents. This allows for the automation of tasks like summarizing customer histories and triggering workflows, significantly enhancing operational efficiency.

tailor’s Competitive Edge in the ERP Market

The ERP landscape is dominated by established giants like SAP and Oracle, alongside vertical SaaS tools such as Crater and Stitch. yo Shibata,co-founder and CEO of Tailor,believes that their “headless,” highly customizable approach provides a significant competitive advantage. He emphasizes the growing importance of adaptable systems in an era where AI handles an increasing portion of operational tasks.

According to Shibata, “As coding becomes increasingly commoditized and AI agents handle more of the operational load – already around 50% and growing toward 90% – businesses want systems that can be composed, not hardcoded. we believe the future of ERP is modular, programmable, and built for a world where humans and machines collaborate seamlessly.”

Expanding Beyond Retail and E-Commerce

Initially, Tailor’s product targeted the retail and e-commerce sectors, addressing challenges related to dynamic supply chains, market expansion, and geopolitical uncertainties. Omakase automates workflows and manages operations such as inventory, fulfillment, finance, purchasing, and omnichannel management. However, the company is now experiencing increased demand from other sectors, including B2B, and is expanding its services accordingly.

Pro Tip: When selecting an ERP system, consider the long-term scalability and adaptability of the platform to ensure it can meet your evolving business needs.

Shibata notes that “B2B operations are far more complex than B2C businesses, as they involve not only selling inventories but also managing future orders, advanced orders, and more. [They] might want to personalize some of their product lineups,which will then add more complexity to the operational side.”

Tailor’s Growth and Future Plans

Founded in 2021 by Yo Shibata, a former McKinsey consultant, and Misato Takahashi, CTO, Tailor has experienced rapid growth, expanding from 10 employees in 2022 to approximately 50 employees across Japan, the U.S.,and other countries. The company plans to allocate the new funding to U.S. expansion, product development, and scaling its Japan operations.

The company’s long-term vision is to provide a modular, API-first platform that companies can assemble and adapt to their specific needs, similar to how Shopify supports both prebuilt storefronts and headless commerce. This approach allows customers to use Tailor as a full-stack ERP or as a back end for building custom tools and interfaces.

Key Priorities for Funding Allocation:

  • U.S.Expansion: Building a dedicated go-to-market team and deepening presence among mid-sized and enterprise customers.
  • Product Development: Investing in extending ERP modules and AI capabilities.
  • Japan Operations: Scaling delivery and customer success teams to support growth.

Tailor’s Key Metrics

Metric Value
Funding Round Series A
Amount raised $22 Million
Founding Year 2021
Employee Count (Current) Approximately 50

The Evolution of ERP Systems

ERP systems have evolved significantly since their inception. Initially focused on manufacturing resource planning (MRP), they have expanded to encompass all aspects of enterprise management, including finance, human resources, and supply chain management [[2]]. The shift towards cloud-based ERP solutions has further increased accessibility and reduced costs for businesses of all sizes.

The integration of AI and machine learning into ERP systems represents the next major evolution, enabling predictive analytics, automation, and improved decision-making. “ERP is Enterprise Resource Planning… ERP management’s object is the enterprise’s overall business,including sales,procurement,production,finance,quality,and other businesses,as well as the connection between these businesses” [[3]].

Frequently Asked Questions About ERP Systems

What are the main components of an ERP system?
ERP systems typically include modules for finance,human resources,supply chain management,manufacturing,customer relationship management (CRM),and business intelligence.
What are the benefits of implementing an ERP system?
Benefits include improved efficiency, better decision-making, increased visibility across the

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Technology

Quantum Computing Investment Fund Gets Student Support

by Rachel Kim – Technology Editor
written by Rachel Kim – Technology Editor

Fund Launches to Invest in Quantum Computing

Startup Hub at Northeastern University in London to Host the Quantum Venture

EdenBase, a tech investment fund, is launching a $100 million fund. This fund aims to support early-stage and growth-stage startups that are actively using quantum computing, a field that could revolutionize several industries.

Student-Led Analytics Tool

EdenBase, a tech fund based in London, has partnered with students from Northeastern University to develop an analytics tool. The tool will potentially save time and improve investment decisions, as stated by the firm.

The firm seeks to capitalize on quantum computing’s anticipated breakthrough, mirroring the surge AI experienced after the 2020 launch of OpenAI’s ChatGPT.

Northeastern students helped EdenBase with the research before the fund launch.

The fund, named EdenBase Quantum Fund One, intends to identify global investment opportunities later this year. The project’s impact on the students exceeded expectations, according to the fund representatives.

“They collated their data and created an analytics tool which you can use to look at quantum deal flow by region, which I thought was pretty cool,”

—Eric van der Kleij, EdenBase Co-founder and Partner

The former Downing Street tech adviser believes that the tool will “save us time and hopefully result in even better investments.” The global quantum computing market is projected to reach $125 billion by 2030 (Source: Globe Newswire).

Student Experience

The student consultants, including Meredith Schwarzkopf, described their experience as “really rewarding.” The students provided a baseline of criteria and then expanded on the details.

The team also included leadership evaluations in their index. They focused on the leaders’ backgrounds, which they found critical for the success of quantum company startups.

Quantum Computing Investment Fund Gets Student Support
Northeastern MBA students attending a presentation by Daniel Doll-Steinberg about its quantum startup ambitions.

Michael Gleaslen valued the experience of working in a different business culture and a new tech space. He mentioned the ease of not having a language barrier. However, it was still a different culture, allowing him to learn about their operations.

Expert Involvement

The Global Field Study course, led by professor Ravi Sarathy, provided students with practical application of classroom skills. They gained experience in quantum computing, teamwork, client interaction, and data analysis.

The EdenBase fund will be housed at QBase, within the Northeastern startup hub on Crosswall. This hub will provide educational resources and chances for students. It will also accommodate researchers, investors, and some portfolio companies.

Tobias Hartung, a Northeastern associate professor, will be an advisor to the fund. His expertise will help validate investments.

“What EdenBase is looking for,”

—Tobias Hartung, Northeastern Associate Professor of Computer Science and Quantum Researcher

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