Finland – News

Remedy Entertainment CEO Departs Amid Financial Strain from FBC: Firebreak Launch

Remedy Entertainment’s CEO of nine years has stepped down following the financial disappointment of FBC: Firebreak. The studio’s co-founder has assumed interim leadership while the company navigates the aftermath of its failed multiplayer venture. Financial reports indicate significant impairment charges and revised profit forecasts.

Leadership Transition at Remedy Entertainment

Remedy Entertainment announced this morning that CEO Tero Virtala is stepping down from his position after nine years leading the Finnish game developer. According to reports, Virtala will remain with the studio while the company searches for a permanent replacement. Sources indicate that co-founder and Chief Product Officer Markus Mäki has been appointed interim CEO effective immediately.

by Ortega RafaelOctober 22, 2025November 2, 2025

Cybersecurity Technology

International Law Enforcement Cracks Down on Sophisticated SIM Farm Network Fueling Global Cybercrime

Massive SIM Farm Operation Dismantled Across Europe In a coordinated international effort, law enforcement agencies from Austria, Estonia, Finland, and…

by Bennett LauraOctober 20, 2025November 2, 2025

Business Startups

Oura Ring Valuation Hits $11 Billion After $900 Million Funding Round

Oura has achieved an $11 billion valuation following a $900 million Series E funding round. The Finnish wearable company reported over $500 million in 2024 revenue and expects to reach $1 billion in sales this year while competing with major tech players in the smart ring market.

Oura has reached an unprecedented $11 billion valuation following a massive $900 million Series E funding round, positioning the Finnish wearable technology company among the most valuable private health tech firms globally. The substantial investment comes as Oura reports explosive growth, with revenue exceeding $500 million in 2024 and projections indicating the company will achieve $1 billion in sales during 2025 according to their latest financial disclosures.