AllFocal Optics, the deeptech startup pioneering nanophotonic lens technology for always-in-focus images, has announced fresh $5.3 million funding, comprised of a $3.6 million (£2.8 million) equity raise, led by SpeedInvest, and Innovate UK grants.
Miros, the visual AI e-commerce search solution, has raised a €6 million pre-Series A investment led by EBRD Venture Capital and Tera Ventures. Former Estonian President Toomas Hendrik Ilves also participated in the round as an Angel Investor. Miros will use the funding to enhance R&D, further develop the technology, and expand market reach. To date, the company has raised €8 million.
Ampd Energy, a global energy industry innovator and manufacturer of the Enertainer and Ampd Silo battery energy storage systems (ESS) for heavy industries, has announced that it has raised $27.3 million in an oversubscribed Series B funding round.
Zyxel Networks, a company in delivering secure and cloud-powered networking solutions, is launching its new XGS1935 series of Lite-L3 smart managed switches to meet the growing connectivity and sustainability needs of small businesses.
Broswarm, a defence tech startup specialising on mine detection, has secured €800,000 in funding from ScaleWolf, a hybrid accelerator and fund for defence tech. This funding will accelerate the development of Broswarm’s proprietary X-Ray Eagle sensor, which enhances mine detection by providing clear, 3D visualisations from up to 10 metres above ground.
Finnish technology company Quanscient, working in cloud-based multiphysics simulation technology and quantum algorithms, has announced its new growth funding of €5.2 million.
Over 100,000 aspiring entrepreneurs have now taken their first steps toward building a business with the support of Venture Planner, an AI-driven platform designed to simplify the journey from idea to actionable business plan. In just 11 months, the platform has gained traction among users across 22 countries and 74 industries, offering practical, tailored business planning tools that help turn dreams into reality.
Employers are placing increasing importance on the Environmental, Social, and Corporate Governance (ESG) credentials of employee benefits providers when it comes to selecting a partner for their organisation, according to research conducted by GRiD, the industry body for the group risk sector.
Starting a business involves many important decisions, and for sectors like tech, manufacturing, or food production, selecting the right industrial cooling system is one of them.
Normative, a company in enterprise carbon accounting across the Nordics, EU, and UK, has announced its acquisition of Eivee, a carbon accounting solution provider serving some of Denmark’s largest companies. The terms of the transaction were not disclosed.
iFAST Diagnostics, a UK diagnostics company, has announced the successful close of its $6.5 million (£5 million) seed round.
Attara has officially launched, a fintech startup poised to transform the landscape of commodity hedging for businesses across the UK. By combining cutting-edge technology with expert advisory services and customised hedging solutions, Attara aims to democratise access to hedging solutions that were previously only available to large corporations, providing much-needed financial security to SMEs.
New analysis of Foreign Direct Investment (FDI) data by London & Partners shows that more AI companies (75 companies) from London have expanded internationally than from any other city globally post-pandemic. The UK capital has also welcomed the second-highest number of AI companies (94 companies) in the world, after Dubai (112 companies).
DUKE Distribution, a provider of specialist transport and trackway installation services, has secured a debt finance funding package from the Midlands Engine Investment Fund II.
Vuka Group and Africa’s Green Economy Summit are spearheading efforts to boost Africa’s inclusive economic growth by connecting project owners with a global network of investors. This strategic initiative aims to accelerate vital projects, promoting sustainability and prosperity across the continent.
Mahdi Yahya, CEO and Founder of Ori, a UK-based provider of GPUs for AI compute, argues that the UK has all the ingredients necessary to build its own sovereign cloud computing infrastructure – but it’s being held back by a lack of imagination from senior tech players.
Dmytro Kudrenko, the Founder and CEO of Stripo, began his software development journey 25 years ago with friends. Around 15 years ago, they introduced a customer data platform with an embedded email template editor.
Business leaders forecast massive gains from AI but are delaying implementation due to the ‘ambiguity trap’ created by a changing and fragmented legal and regulatory landscape.
The demand for specialised tech talent is rising sharply, with the International Data Corporation predicting that over 90% of companies will face IT skills shortages by 2026.
Cambridge Future Tech has entered into a relationship with Nokia Bell Labs and Nokia Ventures & Partnerships, to establish OmniBuds, for the commercialisation of Nokia Bell Labs OmniBuds platform, the world’s first ear-worn AI/ML computing platform designed to monitor vital signs, including heart and respiration rates, as well as users’ physical activities and audio experiences. This device is poised to revolutionise the health and wellness industry by providing continuous, real-time insights to care providers and enhancing patient care.
