Bryd, a consultancy specialising in productivity and a Slack-first partner, recently secured $300,000 in seed funding from angel investors. This milestone underscored Bryd’s mission to revolutionise how businesses utilise and comprehend Slack’s extensive features.
Samsung Electronics has acquired Oxford Semantic Technologies (OST), an Oxford University spinout known for its advanced AI applications using Knowledge & Reasoning. Founded in 2017 by professors Ian Horrocks, Boris Motik, and Bernardo Cuenca Grau, OST specialises in knowledge representation and semantic reasoning.
Element Materials Technology (Element), a global player in materials and product qualification testing, inspection, and certification services, recently unveiled the 18-month development journey of RegNav, its AI-driven regulatory intelligence platform for medical devices. This behind-the-scenes glimpse reveals Element’s innovative approach to tackling significant industry challenges through cutting-edge technology.
The UK is poised to make history in Europe as the first nation to commercialise lab-grown meat. Regulatory approval has been granted for chicken cultivated from animal cells, developed by the startup Meatly, to be used in pet food.
Early employees from tech unicorns Canva and Spotify have joined Wondercraft, the AI-powered “Canva for Audio” platform, just months after its Beta launch.
The Hustle Awards 2024 saw the startup industry come together to celebrate some of the brightest talent the startup ecosystem has to offer.
Embracing emerging technologies is no longer sufficient to distinguish oneself in the financial services sector. Artificial intelligence has become the benchmark for innovation, with 91% of financial services companies either already implementing or planning to introduce AI solutions.
MACH37, the accelerator for information security entrepreneurs and cyber startups, has announced it is now accepting applications for its Autumn 2024 Cohort. Established in 2013, MACH37 has played a pivotal role in the early-stage startup and tech ecosystem.
Definely, a LegalTech firm based in the UK and dedicated to simplifying legal documents, has announced a strategic investment from Raine Ventures, the venture arm of US investment firm The Raine Group.
Startup Adam, now operating in nine UK cities, is revolutionising the way customers find reliable and affordable tradespeople, eliminating long waiting times and uncertain pricing. The company is embarking on a new growth phase, bolstered by a €3 million investment from British Brighteye, a prominent European edtech venture capital fund, in a late-seed funding round.
wamo, a digital business account provider for SMEs, has announced the successful closure of a $5 million bridge to Series A growth funding round. Additionally, the company secured an EU Electronic Money Institution (EMI) licence from Finland’s Financial Supervisory Authority (FIN-FSA), positioning it for accelerated expansion across Europe.
Sinch, a leader in global communication via its Customer Communications Cloud, has unveiled Sinch AI, a cutting-edge innovation designed to empower forward-thinking businesses with the tools needed to create smarter, safer, and more efficient conversational experiences. This enhancement is poised to give businesses a competitive edge in a crowded marketplace.
TechMarketView, an industry analyst and advisory firm, has released its highly anticipated Market Trends & Forecasts 2024 report. The latest research highlights a strategic shift among organisations towards foundational efforts essential for future generative AI programmes.
Qflow has unveiled a partnership with nonprofit Building Transparency’s Embodied Carbon in Construction Calculator (EC3), set to revolutionise the tracking and reporting of as-built carbon data in the construction industry.
13books Capital has successfully closed a £121 million fund aimed at propelling the next generation of fintech disruptors. This latest fund underscores 13books Capital’s dedication to supporting visionary founders who are redefining the future of financial services.
CultureAI, a Human Risk Management Platform, recently secured $10 million in Series A funding. The round was co-led by Mercia Ventures and Smedvig Ventures, with continued backing from existing investors Passion Capital and Senovo.
Tech giant Microsoft is being investigated in the UK by The Competition and Markets Authority (CMA), over whether its recruitment of staff from startup Inflection AI constitutes a merger.
Science faces a reproducibility crisis, with more than 50% of preclinical research experiments failing to replicate, costing the industry over $50 billion annually. Addressing this issue, techbio startup Briefly Bio has launched software to enhance reproducibility by helping scientists document and share their work clearly and consistently.
Aryel, the Italian AdTech scaleup specialising in augmented reality, has unveiled its ambitious plans to expand into France and Germany. The company aims to secure significant acquisitions within the AdTech sector.
A comprehensive analysis of parliamentary and social media mentions of AI by politicians over the past 18 months indicates a potential shift towards a more cautious approach to AI policy under the new Labour government.
