Smart money app Plum has raised £13.4 million in funding from institutional investors, including a second tranche of investment from strategic partner Eurobank. New anchor investor iGrow Venture Capital has joined the round, alongside previous investors such as Venture Friends and Ventura Capital.
Starting today, UK businesses can take advantage of Lightyear’s new business accounts, enabling them to earn interest and invest their cash through the platform.
A recent SME insights report by Dojo, a specialist in card payments for independent and enterprise businesses, has highlighted a concerning trend: approximately 110,940 SMEs are at risk of insolvency due to depleted cash reserves.
Splight, an AI startup pioneering grid operations technologies, announced the successful completion of its seed funding round, securing $12M.
Marketing theory often highlights the inherent disadvantages faced by small brands. Firstly, customers’ brains naturally gravitate towards familiar names, equating well-known brands with trustworthiness. Secondly, advertising tends to be more cost effective for brands with wider availability, further reinforcing the dominance of larger players.
Despite progress, women’s representation in the global tech workforce remains low, even at leading tech firms. This highlights the need for ongoing efforts to boost gender diversity in the industry.
Wiz, a cybersecurity startup, has turned down a $23 billion (£18 billion) takeover offer from Google’s parent company, Alphabet, opting instead for a stock market flotation. This deal would have marked Alphabet’s largest acquisition to date.
Exoticca, a traveltech platform specialising in multi-day tour packages, has secured €60 million in a Series D funding round. The round was led by Quadrille Capital, with new investors All Iron and ICF, alongside existing backers 14W, Mangrove, Bonsai, Sabadell, and Aldea, also participating.
Global gaming and esports brand GIANTX (GX) has announced the acquisition of UK startup iTero Gaming, known for its AI coaching solutions for competitive gamers. This acquisition marks a significant milestone for the gaming and technology industries, emphasising the integration of AI in esports.
The Consumer Technology Association (CTA), the owner and producer of CES, the world’s most powerful tech event, is paving the way to CES 2025 with its robust fall event schedule, new exhibitors, updated CTA and CES branding—including a new CES website—and acclaimed programming.
EIT Community RIS Hub in Ukraine and Sigma Software Labs, backed by the Ministry of Digital Transformation of Ukraine, have launched the Ukrainian leg of the Startup World Cup competition. The regional winner will advance to the global Grand Finale in San Francisco in October 2024, vying for a $1,000,000 investment prize.
In today’s digital age, SMEs are the backbone of our economy, driving innovation and providing essential services across various sectors. However, the rapidly evolving social media landscape poses unique challenges, as well as opportunities, for these businesses.
When it comes to raising awareness of your brand or product, press coverage stands out as a powerful tool for companies aiming to enhance their visibility and credibility.
James Clough is the CTO and Co-Founder of Robin AI, a legaltech startup aiming to revolutionise the legal industry through advanced AI technology. Founded with the vision of making legal services more accessible, efficient, and cost-effective, Robin AI combines machine learning algorithms with expert legal knowledge.
NetFabric, a spin-off from ETH Zurich, has announced the successful closure of a $2.2 million pre-seed funding round. This investment, led by Founderful and Playfair Capital, marks a significant milestone in NetFabric’s quest to revolutionise network observability.
New research indicates that 57% of the UK population fears the rapid adoption of AI in personalised medicine is outpacing the necessary training for safe system use. Additionally, 49% are worried about health data protection in this context.
From the rugged coasts of Cornwall, Waterhaul emerges as a beacon of innovation in the battle against plastic pollution. Transforming discarded fishing nets into stylish sunglasses, this enterprise embodies sustainable change.
An advanced airborne 5G connectivity system has been successfully integrated into a Britten-Norman Islander aircraft, completing a series of demonstration flights. Developed by Stratospheric Platforms Limited (SPL), a Non-Terrestrial Networks telecoms developer, in collaboration with Britten-Norman, this cutting-edge technology promises to revolutionise wide-scale high-performance 5G coverage.
Axevil Capital, an international digital venture ecosystem facilitating investments in top-tier global tech companies, introduced Claudia, an AI-powered investment advisor.
New research by SoSafe revealed that 85% of UK security professionals believe the current threat landscape is the toughest it has been in five years, with only 44% hopeful for improvement in the next 12 months. The alarming rise in cybercrime is overwhelming organisations.
