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.
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.
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.
