Transatlantic growth equity investor Kennet has successfully raised €266 million for its largest fund to date, Kennet VI. This new fund is already being deployed into capital-efficient B2B SaaS companies across Europe, including Screendragon in Ireland and the UK, and Fluid Topics in France.
Prosemino, a venture builder dedicated to developing startups that address the net-zero challenge, has announced the opening of a 2,500 sq ft lab at British Land and AustralianSuper’s Canada Water campus. Supported by a developer and in partnership with Energy Revolution Ventures, Prosemino is pioneering a new approach to creating net-zero technologies.
LYNEports has emerged as the victor of the Aerospace Xelerated (AX) Startup Pitch Competition at the 2024 Farnborough International Airshow.
Waste textiles from sailing boats could soon find a new purpose, thanks to a research initiative that upcycles plastic fibres from sails into valuable chemicals, including vanillin – a compound commonly used in cosmetics and food for its vanilla flavour and scent.
Rent2Cash, the Italian startup offering “rental advance” services, has secured €3 million in a pre-seed round and officially launched its operations in Italy.
Pearl, a figure in dental AI, has announced securing $58 million in Series B funding to advance its mission of improving patient care in dentistry. The funding round, led by Left Lane Capital with participation from Smash Capital, Alpha Partners, Craft Ventures, and Neotribe Ventures, represents the largest investment ever in dental AI.
According to recent research from Google, 61% of jobs in the UK could undergo significant changes due to the integration of AI, with only a minimal number facing complete elimination.
Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), announced the completion of a $60 million Series C equity investment from Zurich Insurance Group (Zurich), a prominent global multi-line insurer.
The Belfast tech startup scene is flourishing, showcasing a dynamic blend of innovation and entrepreneurship.
Workplaces around the world are experiencing major shifts. Skills and upskilling are in the spotlight, new roles are emerging across sectors, and innovative technologies like AI are creating both new challenges and new solutions for businesses.
Hiya, a provider of global voice security services, has acquired Loccus.ai, an innovator in deepfake detection technology. Loccus.ai’s real-time identification of AI-generated voices sets a new industry standard for detection accuracy.
DeepL has expanded its platform by adding Traditional Chinese, increasing its total language offerings to 33. This addition enhances AI-driven, precise translations, specifically benefiting businesses and enterprises. Traditional Chinese, used by over 33 million people worldwide, marks a significant milestone for DeepL in its mission to enhance global communication.
Mint Neurotechnologies (MintNeuro) has unveiled the “EXPLORE” project, funded by a £100,000 grant from Innovate UK through the Biomedical Catalyst Feasibility Competition 2023.
The ODI’s latest white paper, “Building a Better Future with Data and AI,” based on research conducted in early 2024, highlights critical flaws in the UK’s tech infrastructure that could hinder the expected benefits of the AI boom for society, the economy, and individuals. The paper also provides recommendations for fostering diverse and equitable data-centric AI.
New research has uncovered that more than one-third of younger workers believe they have encountered discrimination during the hiring process.
New Native Inc’s platform, lablab.ai, dedicated to promoting AI innovation, has announced its support for AI71, an AI company launched by Abu Dhabi’s Advanced Technology Research Council (ATRC) and VentureOne. Together, they are organising a hackathon featuring the Falcon Large Language Models.
Fractile, a UK-based company in the AI hardware industry, has emerged from stealth mode and revealed it has secured $15 million (£12 million) in seed funding.
The Feria del Campo 4.0 – Expo Agritech 2024 will debut in Malaga, Spain, from 26th to 28th November, introducing the inaugural AgriTech Startup Forum, a competition for entrepreneurs.
Jarvis, a fintech company dedicated to empowering employees with active retirement planning, has successfully secured £1.8 million in seed funding.
David Yeudall, a former principal mechanical engineer at a UK prosthetics company, has made notable advancements in developing upper limb prosthetics that are more comfortable, functional, and affordable. His work has been supported by Heriot-Watt University’s DeepTech LaunchPad programme.
