The Hustle Awards 2024 brought the startup industry together to celebrate some of the brightest talent within the ecosystem.
Nine trailblazing British startups are set to collaborate with Digital Catapult, the BBC, and Amazon Web Services (AWS) to drive innovation in the UK’s creative industries. Each startup will receive £50,000 to develop AI-powered prototypes aimed at revolutionising creative production and addressing key industry challenges, ultimately boosting the UK’s creative economy.
Weavr has announced the acquisition of a European e-money licence, marking a significant milestone for both the company and the embedded finance industry. This licence, granted by the Malta Financial Services Authority (MFSA) after an extensive review of Weavr’s unique operating model, is set to boost the adoption of embedded finance by B2B SaaS businesses.
A study by Towergate Health & Protection revealed that 57% of employers identified mental health as their top concern for employees in the era of hybrid working.
A recent survey by GRiD, the industry body for the group risk sector, revealed that 81% of employers assess how much employees value their benefits. Despite this, there is a stark disparity in perceptions: two-thirds (66%) of employers believe their staff highly appreciate these benefits, whereas only 21% of employees share this sentiment.
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.
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.
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.
