News

Kilchberg/Amsterdam - Cradle has raised US$73 million in a Series B funding round. The biotech startup in the canton of Zurich will use the funds to accelerate adoption by scientists of its AI platform for the artificial generation of proteins.

Wollerau/Berg/Dubai - Beaconsmind has agreed a takeover deal for Swissnet AG, Swissnet ICT and Lokalee. In so doing, beaconsmind is accelerating its strategic realignment from a single-product company to a comprehensive provider of IT infrastructure and SaaS solutions. In 2025, beaconsmind will be rebranded as the Swissnet Group.

Zurich/Schlieren/Niederönz - The finalists of the Swiss Technology Award have presented their projects to around 1,000 attendees at the Swiss innovation platform Open-i. In the end, RoBoa was named as the winner of the Inventors category, while Oxyle and Bystronic emerged victorious in the categories of Start-ups and Industry Innovation respectively.

Bonaduz/ Neuchâtel - Experts from Hamilton and CSEM have developed a new analysis technique for liquids. The system, which is based on microfluid technology, is now being commercialized under the name VeriPlate.

Dübendorf - The Swiss Federal Laboratories for Materials Science and Technology (Empa) has officially opened its DroneHub at NEST. There, the Empa lab Sustainability Robotics and Imperial College London will research autonomous drone integration in buildings and the natural environment.

Zurich/Bremen/Paris - ABB has been commissioned to develop and build thermal infrared payloads for the European Space Agency (ESA). Two Earth Explorer satellites are to be equipped with these instruments for the ESA’s Harmony mission. The aim here is to deliver climate-relevant data from 2029.

Zurich/San Francisco/Menlo Park - LocalStack will have the chance to develop multi-cloud strategies after securing an investment of 25 million US dollars. The expansion beyond AWS, the most widely used cloud, is intended to strengthen LocalStack’s role as the de facto platform for local cloud development and facilitate new use cases.

Rümlang/Thalwil/Mississauga - Nanoleq and Osmotex, two companies based in the Greater Zurich Area, have been acquired by Myant. In so doing, the Canadian company, which focuses on smart materials for healthcare applications, extends its portfolio by the textile computer technology of both firms.

What makes Switzerland a digital powerhouse in 2024? The Alpine nation has leaped from fifth to second place in the IMD World Digital Competitiveness Ranking, securing its position just behind Singapore and ahead of Denmark. Switzerland's success stems from its exceptional strengths in intellectual property rights, international experience, knowledge transfer, and its ability to attract highly skilled foreign talent.