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.
deepc, the developer of an AI operating system for radiologists and enterprise clinical organisations, has announced the successful closure of its Series A with an additional $13 million round.
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.
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.
The UK’s recent governmental shift has ushered in significant changes and pledges across various sectors. The Labour party has committed to embracing fintech, aiming to inject £330 billion into the UK economy over the next five years.
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.
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.
Alibaba International Digital Commerce Group announced that around 500,000 merchants had integrated its generative AI toolkit, “Aidge”, into over 40 e-commerce scenarios. Launched last November, the toolkit’s daily application programming interface (API) calls have consistently doubled every two months, now surpassing 50 million.
Greentech startup Deep Green is on a mission to roll-out its innovative solution in swimming pools across the UK to slash their heating costs, by recycling heat generated from computer data processing centres.
Wealthbrite, a company known for its AI-driven accelerator programmes, has secured £200,000 in pre-seed funding from angel investors to facilitate its expansion into new markets.
The collaboration between ACE Money Transfer, an international financial service provider, and Trustly, a company in global open banking payments, has transformed the remittance landscape. Customers have benefited from this partnership through personalised remittance experiences featuring competitive exchange rates, low transfer costs, and enhanced security.
The University of Oxford has partnered with Apollo Therapeutics, a biopharmaceutical company, to accelerate drug discovery and development. This collaboration aims to translate Oxford’s biomedical breakthroughs into new, impactful medicines.
