TechMarketView, an industry analyst and advisory firm, has released its highly anticipated Market Trends & Forecasts 2024 report. The latest research highlights a strategic shift among organisations towards foundational efforts essential for future generative AI programmes.
Qflow has unveiled a partnership with nonprofit Building Transparency’s Embodied Carbon in Construction Calculator (EC3), set to revolutionise the tracking and reporting of as-built carbon data in the construction industry.
JumpCloud’s Q3 2024 SME IT Trends Report has revealed significant concerns among UK respondents, with 64% acknowledging that AI threats are surpassing their ability to defend against them – a notable rise from the previous report. Furthermore, 81% (up from 70% in Q1 2024) of participants agreed on the necessity for their organisations to invest in AI initiatives, highlighting a growing unease about filling security gaps.
AI Appreciation Day (16th July) is the perfect opportunity to celebrate the top AI startups that are waking waves in the industry.
Discovery Park has announced Minter Hormone Health as the winner of the Discovery Spark FemTech and Women’s Health Prize, following a rigorous pitch process evaluated by three expert panels.
A recent survey by Novuna Business Cash Flow, involving 500 SMEs, has uncovered that 33% of small and medium-sized enterprises in the UK urgently need financial support within the next year to sustain their operations. As these businesses face mounting economic pressures, it’s crucial to explore funding options beyond personal borrowing and traditional bank loans.
Altery, a UK-based fintech startup, has unveiled its digital payment bot on Telegram. This bot is designed to provide an intuitive and secure payment experience, streamlining financial transactions on one of the world’s fastest-growing messaging platforms.
Open Innovation AI, a provider of GPU orchestration platforms with AI and data science tools, has partnered with Nscale, an AI cloud service provider, to deliver advanced AI cloud services and optimised AI workloads globally.
Hey Savi, the UK-based fashion search and recommendation platform, has announced a £2.2 million investment. This significant pre-seed funding round marks one of the largest for an all-female founded tech startup in the UK.
Syntetica, a startup specialising in nylon recycling, has successfully raised €4.2 million in a seed round. Leading the investment was EQT Ventures, joined by the family offices of Peugeot and ETAM, Volta Circle (Indorama Ventures’ shareholders family office), Better Angle, Pareto Holdings, Athletico Ventures, Bear Flag Capital, and notable angel investors including two-time Formula-E champion Jean-Éric Vergne, IDEC Group CEO Patrice Lafargue, and former tennis player Paul-Henri Mathieu.
Activewear brand TALA, founded by entrepreneur Grace Beverley and led by CEO Morgan Fowles, has successfully secured £5 million in new investment.
5dVR, a virtual reality content and production studio, has expanded to Saudi Arabia with AstroLabs, the Gulf’s leading business expansion platform. The move aligns with 5dVR’s mission to enable a wider range of businesses across multiple industries to adopt and make use of augmented reality (AR), mixed reality and virtual reality (VR) technologies.
Visa has unveiled the strategies behind the flourishing side hustles of Gen Z, individuals born between 1996 and 2010, and their evolution in helping young people enhance their financial game.
FemTech has seen an astronomical rise in recent years. Last year alone, Forbes and Dealroom reported that 2023 saw $1.14 billion raised across 120 ‘FemTech’ deals. Meanwhile, the FemTech Landscape Report estimates that by the end of 2027, the industry as a whole will be worth over $1 trillion. What does this tell us? That the opportunities for startups and investors alike is staggering.
OCN, previously known as “OneCarNow”, has secured an impressive $86 million in Series A funding. This funding round, which combines equity and debt, signifies strong confidence in the company’s business model and its successful track record.
When you run a service-led business, there are three key elements that are intrinsic to scale your business successfully and step out of the hustle culture.
On 12th July, the European Union adopted the Artificial Intelligence Regulation (EU AI Act), scheduled to take effect on 1st August, 2024. Although most obligations will not be enforced for another two years, businesses and individuals should start familiarising themselves with the new requirements, advises Toomas Seppel, attorney-at-law at Hedman Law Firm.
Paladin Capital Group, an investor specialising in advanced cyber and AI technologies, has joined the Allied Capital Community of the Defence Innovation Accelerator for the North Atlantic (DIANA), an initiative by NATO to enhance dual-use innovation across member nations.
LegalFly, a legal AI platform, announced it has secured over €15 million in Series A funding. The round was led by Notion Capital, with additional backing from Redalpine and Fortino Capital.
Crypto Quantique, a provider of quantum-driven security for the Internet of Things (IoT), has announced new partnerships with three intellectual property (IP) distributors in the Asia-Pacific region: Kaviaz Technology for Taiwan, LoMicro for China, and KRM for Japan and Korea.
