The combined value of Spanish startups soared past €100 billion in 2023, documenting a significant leap in Spain's tech sector. This milestone showcases the rapid growth and potential of the country's entrepreneurial ecosystem. With a surge in investments from both domestic and international sources, Spanish startups are thriving and positioning themselves as key players in the global tech industry.
AWS's investments are estimated to contribute €21.6 billion to Spain's total GDP through 2033. This influx of capital is expected to fuel further innovation and expansion within the Spanish tech landscape. As major players like Amazon Web Services continue to bet on Spain's potential, the country's startup scene is poised for continued growth and success.
Discover how Spanish startups have experienced unprecedented growth, soaring to a combined worth of €100 billion in 2023. This remarkable achievement reflects the vibrancy and dynamism of Spain's tech ecosystem, attracting attention and investment from around the world. As more investors recognize the value and potential of Spanish startups, the country's reputation as a hub for innovation continues to grow.
Microsoft is expanding its AI and cloud infrastructure investments in Spain by $2.1 billion over the next two years, company President Brad... This strategic move by Microsoft underscores the company's commitment to Spain and its belief in the country's tech capabilities. By ramping up investments in AI and cloud infrastructure, Microsoft is positioning itself to leverage Spain's talent and resources for future growth and development.
This investment will make Hancom the second largest shareholder of FacePhi, and the company will use it as a bridgehead to strengthen its... Hancom's investment in FacePhi signals confidence in the Spanish tech sector and a strategic partnership that aims to drive mutual success. As FacePhi gains a powerful ally in Hancom, the company is poised to expand its reach and impact within the industry.
Spain will launch a new state-owned technology investment company to boost the country's semiconductor and audiovisual industries,... This initiative reflects Spain's commitment to fostering innovation and competitiveness in key technology sectors. By establishing a dedicated investment vehicle, Spain aims to support the growth and development of its semiconductor and audiovisual industries, driving economic progress and creating new opportunities for businesses and entrepreneurs.
Norges Bank Investment Management, the arm of Norway's central bank that manages the country's sovereign-wealth fund, agreed to buy a stake in... This strategic investment by Norges Bank highlights Spain's attractiveness as a destination for foreign capital and signals confidence in the country's economic potential. As Norway's sovereign-wealth fund expands its presence in Spain, it brings with it valuable resources and expertise that can help catalyze further growth and development in the tech sector.
Spain is set to launch a new state-owned technology investment company, Spanish Society for Technological Transformation. This new entity will play a crucial role in supporting innovation and driving technological advancement across various industries in Spain. By providing funding and resources to promising startups and projects, the Spanish Society for Technological Transformation aims to foster a culture of innovation and entrepreneurship that will propel the country's tech sector to new heights.
While on a working visit to Morocco on Wednesday, Spanish Prime Minister Pedro Sanchez appeared to welcome the improving relations between... This diplomatic engagement underscores Spain's commitment to strengthening ties with its international partners and fostering collaboration on key issues. As Spain continues to build relationships with neighboring countries and global allies, it opens up new opportunities for cooperation and mutual benefit in various fields, including technology and investment.
