Gartner forecasts that by 2028, three out of four enterprise software engineers will use AI code assistants – a significant increase from less than 10% in early 2023. AI and Generative AI are challenging the traditional software development process, but the integration of this rapidly advancing technology is imminent.
Oriole Networks, the company pioneering the use of light to power Large Language Model (LLM) training with significantly reduced energy consumption, has secured an additional $22 million in funding from leading investors. The round, led by Plural, saw reinvestments from existing backers including UCL Technology Fund, XTX Ventures, Clean Growth Fund, and Dorilton Ventures.
CitySwift has announced a significant new partnership with the Go-Ahead Group, a major provider of bus services in the UK. This collaboration will see CitySwift’s AI-powered platform, designed to enhance bus operational efficiency, rolled out across all Go-Ahead Group operating companies in the UK, bringing benefits to passengers, drivers, and cities alike.
ScaleWise, a specialist in helping venture-backed tech companies achieve capital-efficient growth, has announced its acquisition of Pug & Bear, a marketing and strategy consultancy led by SaaS expert Munya Hoto. This acquisition directly addresses a pressing issue in the startup ecosystem: the significant drop in early-stage companies advancing from Seed to Series B funding.
“The model of the lone entrepreneur – the poor boy with a brilliant business idea who rises single-handedly from poverty; the isolated scholar scribbling brilliant ideas in a garret or country village – is largely mythological.” That was what John Kay and Sir Mervyn King, the former governor of the Bank of England, wrote in their book Radical Uncertainty.
Armalytix, a fintech specialising in financial data solutions for compliance and affordability, has announced its strategic move into family law, aiming to streamline financial discovery processes for legal professionals. By offering bespoke tools and financial insights, Armalytix hopes to address key pain points in family law cases, making it easier and faster for lawyers to access the financial information they need.













