JumpCloud’s Q3 2024 SME IT Trends Report has revealed significant concerns among UK respondents, with 64% acknowledging that AI threats are surpassing their ability to defend against them – a notable rise from the previous report. Furthermore, 81% (up from 70% in Q1 2024) of participants agreed on the necessity for their organisations to invest in AI initiatives, highlighting a growing unease about filling security gaps.
AI Appreciation Day (16th July) is the perfect opportunity to celebrate the top AI startups that are waking waves in the industry.
Discovery Park has announced Minter Hormone Health as the winner of the Discovery Spark FemTech and Women’s Health Prize, following a rigorous pitch process evaluated by three expert panels.
A recent survey by Novuna Business Cash Flow, involving 500 SMEs, has uncovered that 33% of small and medium-sized enterprises in the UK urgently need financial support within the next year to sustain their operations. As these businesses face mounting economic pressures, it’s crucial to explore funding options beyond personal borrowing and traditional bank loans.
Altery, a UK-based fintech startup, has unveiled its digital payment bot on Telegram. This bot is designed to provide an intuitive and secure payment experience, streamlining financial transactions on one of the world’s fastest-growing messaging platforms.
Open Innovation AI, a provider of GPU orchestration platforms with AI and data science tools, has partnered with Nscale, an AI cloud service provider, to deliver advanced AI cloud services and optimised AI workloads globally.
Hey Savi, the UK-based fashion search and recommendation platform, has announced a £2.2 million investment. This significant pre-seed funding round marks one of the largest for an all-female founded tech startup in the UK.
Syntetica, a startup specialising in nylon recycling, has successfully raised €4.2 million in a seed round. Leading the investment was EQT Ventures, joined by the family offices of Peugeot and ETAM, Volta Circle (Indorama Ventures’ shareholders family office), Better Angle, Pareto Holdings, Athletico Ventures, Bear Flag Capital, and notable angel investors including two-time Formula-E champion Jean-Éric Vergne, IDEC Group CEO Patrice Lafargue, and former tennis player Paul-Henri Mathieu.
Activewear brand TALA, founded by entrepreneur Grace Beverley and led by CEO Morgan Fowles, has successfully secured £5 million in new investment.
Visa has unveiled the strategies behind the flourishing side hustles of Gen Z, individuals born between 1996 and 2010, and their evolution in helping young people enhance their financial game.
OCN, previously known as “OneCarNow”, has secured an impressive $86 million in Series A funding. This funding round, which combines equity and debt, signifies strong confidence in the company’s business model and its successful track record.
On 12th July, the European Union adopted the Artificial Intelligence Regulation (EU AI Act), scheduled to take effect on 1st August, 2024. Although most obligations will not be enforced for another two years, businesses and individuals should start familiarising themselves with the new requirements, advises Toomas Seppel, attorney-at-law at Hedman Law Firm.
Paladin Capital Group, an investor specialising in advanced cyber and AI technologies, has joined the Allied Capital Community of the Defence Innovation Accelerator for the North Atlantic (DIANA), an initiative by NATO to enhance dual-use innovation across member nations.
LegalFly, a legal AI platform, announced it has secured over €15 million in Series A funding. The round was led by Notion Capital, with additional backing from Redalpine and Fortino Capital.
Crypto Quantique, a provider of quantum-driven security for the Internet of Things (IoT), has announced new partnerships with three intellectual property (IP) distributors in the Asia-Pacific region: Kaviaz Technology for Taiwan, LoMicro for China, and KRM for Japan and Korea.
AMD has announced a definitive agreement to acquire Silo AI, Europe’s largest private AI lab, in an all-cash deal valued at approximately $665 million. This acquisition marks a pivotal move in AMD’s strategy to offer comprehensive AI solutions grounded in open standards and fostered through strong global partnerships.
Defence AI innovator Helsing has secured €450 million in a Series C funding round, led by General Catalyst. The round also saw participation from prominent investors such as Elad Gil, Accel, Saab, Lightspeed, Plural, and Greenoaks.
Grand Games, a mobile gaming company transforming social game development, has raised $3 million in pre-seed funding and soft-launched its inaugural game just four months after its inception. The funding round was spearheaded by Earlybird Digital East Fund, an investor in Peak Games, with additional support from Laton Ventures.
Digital staffing agency Coople surveyed 1,000 UK business leaders to understand how economic conditions have impacted their staffing practices.
Recent data from Hubble, a flexible workspace platform, highlights a significant shift from full-time to part-time office models, with businesses saving nearly 70% on rent.
