Daily News — May 4, 2026
About this episode
Barocal, a Cambridge spin-out, raises €8.5M Seed for solid-state heating and cooling systems with no refrigerants. Prior Labs is acquired by SAP to build a European frontier AI lab focused on tabular data models. Two signals on climate deeptech and the new phase of enterprise AI in Europe.
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Startups mentioned
Barocal
Cambridge University spin-out developing solid-state technology for heating and cooling systems without refrigerants, targeting one of the largest contributors to global greenhouse gas emissions — industrial and commercial heating and cooling.
Prior Labs
German AI startup acquired by SAP, developing foundation models specialized for tabular data — the core format of enterprise ERP and CRM systems. The acquisition signals a shift toward enterprise AI built on structured data, backed by a €1B+ investment commitment.