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Turin's Plino and Hamburg's encentive Secure €6.95M for AI Innovations

9/16/2025

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Summary

Story summary

Plino, a Turin startup, raised €650k to improve its genAI platform for SMEs, focusing on automating financial analysis and cash flow management.
Investors include Techaround VC and Exor Ventures, with funding directed towards new AI features like cash flow forecasting.
Plino currently supports over 100 Italian SMEs across various sectors.
Hamburg-based encentive secured €6.3 million to expand its AI platform that reduces energy costs and CO2 emissions.
Encentive's solution optimizes electricity consumption and is already adopted by major companies.

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Story summary

Plino, a Turin startup, raised €650k to improve its genAI platform for SMEs, focusing on automating financial analysis and cash flow management.
Investors include Techaround VC and Exor Ventures, with funding directed towards new AI features like cash flow forecasting.
Plino currently supports over 100 Italian SMEs across various sectors.
Hamburg-based encentive secured €6.3 million to expand its AI platform that reduces energy costs and CO2 emissions.
Encentive's solution optimizes electricity consumption and is already adopted by major companies.