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[ARTICLE · art-61930] src=techfundingnews.com ↗ pub= topic=artificial-intelligence verified=true sentiment=↑ positive

From 100 layoffs to €404M: How Lithuania’s Kilo rebuilt itself as a venture studio using AI

Lithuanian health-tech company Kilo, after laying off 100 employees in 2023, pivoted to a venture studio model and now reports a €404 million valuation by leveraging artificial intelligence.

read1 min views1 publishedJul 16, 2026

In 2023, one of Europe’s fastest-growing companies stopped expanding. After years of rapid growth, this Lithuanian health and…

source & further reading
techfundingnews.com — original article Tyred bags £2.5M to build the AI platform that predicts your bike will break down before it actually does This Imperial College spinout using physics AI to run the world’s refineries just raised $20M from KBR and Databricks AI writes code faster than developers can review it. These ex-Dropbox and Palantir brothers raised $15M to fix that
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