Custocy is set to enhance its AI-powered network detection and response (NDR) platform by integrating Enea Qosmos’ deep packet inspection (DPI) and intrusion detection (IDS) software libraries. This collaboration aims to boost the platform’s accuracy, performance, and product differentiation through enhanced traffic visibility and efficient data inspection.
Helsinki’s tech scene continues to draw the attention of global investors, with Singapore-based venture capital firm Leo Capital setting up its Nordic headquarters in the Finnish capital. This strategic expansion coincides with the launch of a €25 million fund dedicated to supporting B2B startups in the Nordic region, marking Leo Capital’s first fund specifically focused on Europe.
Recent research from HiBob has highlighted a significant challenge for businesses: seven in ten managers believe that companies struggle to effectively manage younger employees. This generational tension is further underscored by nearly a quarter of Brits expressing a desire to replace younger workers with their older counterparts if given the chance.
Cypriot startup Placy has secured €1 million in pre-seed funding to advance its AI-driven platform. Placy, founded just 10 months ago in Limassol by former CIAN and Wargaming colleagues, aims to streamline and automate the often cumbersome processes involved in property transactions.
Glovo has appointed Shiro Theuri as its new Chief Technology Officer (CTO). Previously serving as the Senior Director of Engineering since 2022, Theuri’s new mandate is to elevate Glovo’s technological and innovative prowess, ensuring the platform delivers an exceptional experience for customers, couriers, and partners alike.
Coventry-based Expert Technologies Group has secured a significant contract in Spain, bolstered by a €1.4 million financing arrangement.
Innovate UK, Britain’s national innovation agency, has U-turned on its decision to award only half of the 50 grants in its ‘Women In Innovation’ funding competition for female entrepreneurs.
Despite the new Labour government’s commitment to a greener UK energy system, recent data has uncovered that hidden transaction fees are inflating costs for businesses transitioning to renewable energy. A comprehensive analysis has shown that these hidden fees are costing UK businesses a staggering £2.6 billion annually, translating to an additional monthly expense of £216 million.
Treble Technologies, a startup in sound simulation and synthetic audio data generation, has secured €11 million in a Series A funding round.
OceanScore, a provider of data and compliance management solutions for the maritime industry, has secured a €5 million in an oversubscribed Series A funding round. This fresh capital injection will enable OceanScore to enhance its product offerings and broaden its global reach.
The World Economic Forum has highlighted the Skills Gap Crisis as a critical issue, projecting a potential loss of $11.5 trillion in GDP growth over the next decade if unaddressed.
In the past 72 hours, a growing movement has emerged, demanding urgent reforms to Innovate UK, the Government’s innovation agency, following the controversy surrounding its recent ‘Women in Innovation’ Awards.
Angela Prentner-Smith, a dynamic entrepreneur from Glasgow, is set to reshape the e-learning sector with her new venture, Neve Learning. This cloud-based edtech platform aims to foster a more inclusive and forward-thinking educational landscape.
Wayve, a startup specialising in Embodied AI for autonomous driving, has announced a strategic partnership with Uber, the global mobility and delivery platform.
GoDaddy has introduced GoDaddy Airo, a generative AI tool tailored to assist small businesses in the UK with quickly establishing and enhancing their online presence.
To commemorate the reunion of British 90s music legends Oasis, we take a look back at the British companies that were founded alongside Oasis in 1991, and the impact they have made on the technology sector.
The Wall Street Journal has reported that OpenAI is in talks to raise a new funding round that would value the AI startup at more than $100 billion.
House My Pet, a platform that has long been a trusted resource for pet owners seeking reputable pet care services, has announced its transformation into a non-profit organisation. This significant shift aligns with its deep-rooted commitment to animal welfare and reflects its mission to create a more compassionate, safe, and supportive environment for pets everywhere.
DeSci Labs has secured $6.5 million in seed funding to develop the infrastructure for a traceable digital version of the scientific record. Supported by prominent investors, this software engineering startup has reached key R&D milestones to launch DeSci Publish, the first open-source, peer-to-peer platform for scientific publishing.
Singtel and Nscale, an end-to-end AI Cloud platform, have unveiled a strategic partnership aimed at expanding GPU capacity across Europe and Southeast Asia. This collaboration seeks to address the surging global demand from enterprises for generative AI, high-performance computing, and data-intensive workloads.
