The 2024 Internet Summit in Lisbon attracted 71,528 attendees, together with CEOs, startups, buyers, commerce delegations, and media. The sold-out occasion featured over 3,000 exhibiting corporations, with synthetic intelligence as essentially the most prevalent business.
Regardless that Tech Funding Information was not on the occasion, we saved monitor of the whole lot that was occurring and explored the important thing highlights. Right here you go!
AI stays essentially the most represented business
Synthetic intelligence remained essentially the most represented business at Internet Summit, with a 16% increase in AI-related presence. Information revealed that AI startups eventually 12 months’s occasion raised $72.6 million, underscoring the sector’s momentum.
This 12 months, 43% of buyers consider AI and machine studying would be the most disruptive applied sciences within the subsequent 5-10 years. Standout AI startups on the occasion included:
Intuitivo – a Porto-based startup that provides an all-in-one digital evaluation platform to assist lecturers automate repetitive duties and enhance the evaluation course of. The corporate has raised $230,000 in complete funding.
VidLab7 – a Munich-based startup specialising in media and personalised video creation for gross sales, advertising and marketing, buyer success, and HR. The platform options customisable avatars, voice choices, and an AI advice engine that integrates with Hubspot, Salesforce, and Zapier. In September 2024, the corporate raised $3.9 million in a seed spherical from EQT Ventures to develop its know-how and increase its market attain.
Enzai, based by Ryan Donnelu, is a Belfast startup that gives AI governance options to make sure equity, transparency, and accountability in AI methods. In June 2023, the corporate raised $4 million in a seed spherical led by Seedcamp, Paul Forster, TechStart Ventures, Cavalry Ventures, Alexandre Berriche, Samuel Gill, Jonathan Kewley, and Mark Maxwell.
Tryp is a Danish startup that makes use of AI to supply customised journey packages at aggressive costs. In March 2023, the corporate raised €500k at a €8.3m valuation from VF Enterprise (Vækstfonden), Jens Schumann, Innovation Fund Denmark, NCA.vc, Ben Cavender, Jacob Gade, Frederik Siesbye Halsted, and Jeppe Vestergaard Frandsen. This funding will assist Tryp increase its companies and improve its AI capabilities.
Different industries on the occasion included SaaS, fintech, well being tech, and clear tech, showcasing revolutionary options and tendencies.
Hyperchains emerged as a key innovation
Hyperchains, developed by the Aeternity Basis, redefine blockchain adoption for companies by providing an easy and customisable resolution. The know-how permits customers and enterprises to create non-public chains with out coding whereas leveraging the Aeternity ecosystem’s instruments and options.
Hyperchains’ hybrid consensus mannequin combines Proof of Stake (PoS) and Proof of Work (PoW) mechanisms, guaranteeing safety and scalability. The innovation helps seamless integration with present methods like SAP and Oracle Monetary, making blockchain know-how extra accessible and sensible. Hyperchains emphasise privateness and safety via state channels and zero-knowledge proofs (ZKPs), enabling non-public off-chain transactions with auditability.
Robust deal with sustainable tech options for decreasing carbon footprints and enhancing vitality effectivity
One other key focus on the occasion was sustainability and tech. The dialogue centred on how know-how can deal with local weather change and promote a round financial system. Improvements included options for decreasing carbon footprints and enhancing vitality effectivity, equivalent to:
EXO — Innovation and Sustainability, a Portugal-based consulting agency that empowers companies and cities to thrive in at this time’s sustainable world. The corporate leverages the newest tendencies in sustainability, round financial system, and innovation to assist organisations adapt to future challenges, providing customised options that drive measurable impression and promote transparency.
Auquan, a London-based fintech, is creating AI-driven instruments to information corporations in the direction of sustainable funding choices. Their platform analyses environmental, social, and governance (ESG) components to tell funding methods. In October 2024, the corporate raised $4.5m in a seed spherical from Neotribe and Peak XV Partners, bringing complete funding to $9.4 million.
Witty – a Rome-based startup supported by the Italian Commerce Company, specialises in sensible charging software program and IoT merchandise to optimise electrical car battery charging. Their know-how helps customers cost effectively, facilitates micro-mobility, and offers insights on battery life, contributing to improved vitality use.
Telemedicine, wearable healthtech, and AI-driven diagnostics
A significant spotlight on the Internet Summit was healthcare know-how improvements, with startups showcasing developments in telemedicine, wearable well being units, and AI-driven diagnostics.
Startups like HealthHelper demonstrated how their platforms make healthcare extra accessible and handy for sufferers. Based in 2021, it offers scalable, technology-enabled telemedicine options that assist major care practices and healthcare networks bridge care gaps. The precise funding quantity is undisclosed, however the firm has secured early-stage enterprise capital to help the event and growth of its choices.
In the meantime, Aktivo Labs, based mostly in Singapore, emerged as a pacesetter in wearable well being tech, showcasing units that monitor varied well being metrics. Aktivo’s wearables present personalised insights and steering for managing situations, together with psychological well-being (Aktivo Thoughts), diabetes (Aktivo Glucolife
), and cardiovascular well being (Aktivo Coronary heart). In December 2022, the corporate raised $10 million in a Collection A spherical from Mitsui World Funding, Adaptive Capital, Govin Capital, Seeds Capital, and HH VC Investments.
Alongside telemedicine and wearables, Internet Summit highlighted the potential of AI-driven diagnostics. Athena AI makes use of Gen-AI to analyse particular person well being information and supply tailor-made insights, together with personalised health plans, dietary recommendation, and psychological well being help for girls.
44.5% of women-led startups have been introduced
This 12 months, Internet Summit welcomed 1,261 women-founded startups, a 44.5% complete and a 29% enhance from final 12 months. Ladies characterize 42% of attendees, nearing gender parity. The occasion centered on girls in tech, with 37% of audio system being girls, highlighting their rising affect within the know-how sector. This uptick pattern alerts the business’s dedication to range, inclusivity, and optimism about its future.
Feminine leaders who impacted Internet Summit Lisbon 2024 included Melanie Nakagawa, Microsoft’s Chief Sustainability Officer, who shared insights on utilizing know-how for sustainable practices; Etosha Cave, Co-founder of Twelve, who spoke about creating gas from CO2 and water; and Maja Horvat from Sploro, who related with European deep tech startups, providing insights and funding alternatives.
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