News

EMV Capital led a £2.3m pre-series A syndicated round with Edinburgh-based, 5G and Satcom antenna developer, Sofant Technologies, with participation by Kelvin Capital Ltd, Old College Capital, Wealth Club and Scottish Investment Bank.

Samsung Electronics has announced that the new Samsung Pay Card, powered by Curve, and in conjunction with global payments technology company, Mastercard will be available from 18th August. With ONE simple to use digital-first card, Samsung Pay Card gives users complete control over their spending, without the fuss of having to change banks.

Research has revealed that 47% of managers believe their employees may be at risk of burnout, following a change in work pattern or behaviour bought on by COVID-19. Over a third (36%) of British employees stated that their mental health and wellbeing has suffered as result of working longer hours during COVID-19.

As the pandemic swept across the country earlier this year, crowdfunding campaigns were soaring on course to raise record amounts, according to new data. New findings show that for the period of January – July 2020, the average total of the amount raised by crowdfunding campaigns was up by 1,006% vs 2019, with the average number of supporters per campaign also up year-on-year by 769% over the seven months.

According to a new report by global recruiter, Robert Walters and data provider, Vacancysoft – ‘Cybersecurity: Building Business Resilience’ – UK SME’s are at risk of 65,000 cyber security attacks daily – with around 4,500 of these being successful – and the figure could be much higher since the beginning of COVID-19.

Arieli Capital, which operates innovation centres in Israel and around the world, and Ramat Hanegev Regional Council, are conducting discussions with officials in the United Arab Emirates (UAE) about advancing desert agriculture projects. Discussions began before Israel and the UAE announced a normalisation agreement between the two counties on 16th August.

Businesses are being given access to a fully-funded suite of AI and automation tools to help them cope with the impact of the COVID-19 pandemic. Free to access at GoSmarter.ai, the project is funded by the UK Governments Research & Innovation department, Innovate UK, and has been developed by Artificial intelligence (AI) company Nightingale HQ.

The AIWAYS U5 all-electric SUV will be available from €37,990 when European sales start in Germany this summer. With a 410km range (WLTP) from its DC fast-charging compatible 63kWh battery, according to the company, the AIWAYS U5 offers the best price-to-range ratio in the European all-electric SUV market.

Israeli blockchain cyber startup, GK8, which provides a high security custody solution for safeguarding and managing digital assets, has identified inherent vulnerabilities in Multi-Party-Computation networks (MPC), which serve as the foundation for safeguarding blockchain assets such as Bitcoin and any cryptocurrencies by banks and exchanges.

The fleet management software for small and medium-sized companies, Vimcar has announced its official launch into the UK market with new research into the challenges that businesses are facing to get on the road. As the latest figures from the Department for Transport reveal that light commercial vehicle traffic in the UK has returned to pre-lockdown levels, Vimcar’s survey of German SMEs provides a useful steer as to what these businesses can expect.

The UK Government needs to do more to encourage startup businesses in the wake of COVID-19, according to Dr Keith Arundale at Henley Business School.

The Founder and CEO of a UK-based EV charging port provider has been awarded a prime position on the prestigious Forbes 30 under 30 (Europe) list for the Manufacturing and Industry sectors.

The finalists of the 2020 Lloyds Bank National Business Awards were unveiled this morning as the programme’s organisers praised British businesses for their resilience, agility and innovation over the last 12 months, despite being faced with untold economic and logistical challenges as a result of COVID-19.

International business performance consultancy Ayming, has launched its new Sprint Claims service, which completes R&D tax credit incentive applications for SMEs in less than one week.

EMV Capital led a £2.3m pre-series A syndicated round in the Edinburgh-based 5G and Satcom antenna developer Sofant Technologies, with participation by Kelvin Capital, Old College Capital, Wealth Club and Scottish Investment Bank.

ORB, a London-based startup, previously featured by Startups Magazine, is a real-time performance, wellness & health AI data platform, who specialises in the capture, analysis and presentation of human physiological data (Biotelemetry). The platform enables non-invasive, continuous, real-time monitoring in non-controlled environments (e.g. at home or on a sports field), offering accurate deep insights into physiology no other product is able to.

Figures from the Office of National Statistics have revealed that during the height of the coronavirus lockdown period, employment in the UK fell by the largest amount in over ten years, since the height of the 2009 financial crisis. This situation could worsen in the coming months as the Government furlough scheme draws to and end.

Community Fibre, London’s fastest 100% full-fibre broadband provider, recently announced new research findings from a survey conducted with market research specialist 3Gem. Results reveal that while SMEs based in London are more reliant on broadband access than ever before, inadequate internet access is costing them money and opportunity. The results come at a poignant time, as the UK celebrates 20 years since the first person had broadband installed into their home and more Londoners are working from home than ever before, needing fast and affordable broadband.