Northern Data Group, a provider of high-performance computing (HPC) solutions, has announced the five successful startups selected for its inaugural AI Accelerator, designed to fast-track AI innovation by offering access to the AI technology that powers generative AI chatbots and content creation.
New research has revealed a significant yet often overlooked source of stress for employers: manual payroll. For some, it’s causing ‘payroll paralysis’.
Apideck, a provider of real-time Unified APIs, has announced that it has raised $7.5 million in a Series A funding round. Led by Amsterdam-based Airbridge Equity Partners, the round includes PMV, angel investors, and executives from Atlassian, Rocketreach, Aikido, Teamleader, and Proxyclick. The investment will accelerate the company’s global growth and enhance its product offering, simplifying API integrations for B2B software and fintech companies.
Ninety seven percent of organisations using generative AI have faced security incidents or data breaches linked to the technology this year, according to Capgemini Research Institute.
TEKEVER, the European startup in AI-centric Unmanned Aerial Systems (UAS), has announced that it has raised €70 million in a funding round led by Baillie Gifford, the investment manager and early backer of Airbnb, Spotify, and SpaceX, and the NATO Innovation Fund (NIF), a standalone venture capital fund, backed by 24 NATO allies, that deploys €1 billion in deep tech to advance defence, security, and resilience.
Fintech giant Revolut has revealed that it has now secured a UK trading licence granted by the British financial regulator. This milestone will enable the platform to facilitate the trading of UK and EU-listed stocks, as well as exchange-traded funds, starting in 2025.
Little Journey, the healthtech company transforming the delivery of paediatric care through personalised psychological support, has announced £6 million in Series A funding. The round, which will be used to accelerate Little Journey’s mission to revolutionise paediatric healthcare globally, was led by Edinburgh and Leeds-based venture capital firm Par Equity.
Mindstone, a global training platform and community focused on the practical use of AI for non-technical staff, and Intuition, a global company in knowledge solutions with a track record approaching 40 years of corporate excellence, has announced a partnership to accelerate AI adoption across banking, financial services, and the broader corporate sector.
Half of C-suite executives (52%) say that data is ‘out of date’ by the time it reaches their desks. That’s according to newly released research findings from data streaming platform Confluent.
AI hardware startup GEMESYS has successfully raised €8.6 million in a pre-seed funding round led by the Amadeus APEX Technology Fund together with Atlantic Labs. Participation from NRW.BANK, Sony Innovation Fund, and Silicon Valley-based Plug and Play Tech Centre, as well as grant funding from the German government, complemented the round.
Innovation scaleup Wazoku is expanding into the GCC region, with the establishment of a dedicated presence in the United Arab Emirates (UAE).
Algorithmiq has announced a venture to accelerate error mitigation techniques for near-term quantum devices.
Heim Health, a software platform powering at-home healthcare, has announced a £2.2 million seed round to revive community-based healthcare through a tech-led, scalable model of delivery – easing pressure on hospitals and delivering better experiences for patients.
Veriam has announced the launch of its platform that combines identity management, access control, and subscription services into a single, efficient solution. This new platform aims to make complex processes simple by eliminating the need for multiple tools, helping organisations manage user access and subscriptions with minimal effort.
CommBox, an enterprise-grade omnichannel, AI-powered customer experience platform, has announced the completion of a $15 million growth investment round from PSG Equity, a growth equity firm that specialises in partnering with software and technology-enabled services companies to help navigate and capitalise on transformational growth.
Three-quarters of UK business leaders (72%) say they are stressed out over sustainability targets and the pressure to reach Net Zero, according to research by BT.
Pruna AI, the AI optimisation engine empowering ML teams to simplify code and streamline models, has announced that it has successfully raised $6.5 million in a seed funding round led by EQT Ventures with participation from Daphni, Motier, and Kima, along with support from high profile angels including Roxanne Varza, Hervé Nivon, and Olivier Pomel.
Aachen-based startup IonKraft GmbH, a spin-off of RWTH Aachen University, has successfully closed a first equity financing round of €3.5 million. The round was co-led by M Ventures (the strategic investment fund of Merck) and TechVision Fund and joined by High-Tech-Gruenderfonds.
Bev Hurley CBE, Executive Chair of YTKO and previously CEO for 25 years, has been recognised for her Outstanding Contribution to Economic Development at the Institute of Economic Development (IED) Annual Awards 2024.
The rise in AI adoption by companies encourages the hiring of more managers – rather than fewer – relative to other positions, to supervise the implementation of this new technology. That’s according to a working paper co-authored by IESE Business School professors Mireia Giné, Sampsa Samila, and José Azar that analyses 375 million US job vacancies over more than a decade.
