Prewave, the AI platform that helps businesses predict, find, understand and categorise the risks affecting their suppliers, has raised €11m in Series A funding. The round was co-led by KOMPAS and Ventech, who renewed its support after the company’s Seed round, with participation from early-stage investors aws Gründerfonds, IST cube, seed + speed, Segnalita, Speedinvest and Working Capital Fund. The investment follows a strong year for Prewave with ten-fold revenue growth over the last ten months, a team that has tripled in size and an impressive roster of clients including ABinBev, AUDI, BMW, Porsche, PWC, Toyota and Zurich Insurance.

Alarm bells are ringing. We’re heading for another financial crisis. Geopolitical tensions and fluctuating markets have led to a soaring cost of living in Ireland, a threat of recession, and a slowdown in investment. Early-stage investors have pivoted from the bull run of 2020 and 2021 to a bearish approach to funding in 2022.  

Today, every penny counts, but saving month over month can be challenging. If you’re struggling to save money, you may be unaware of the factors impacting your financial habits. A recent survey by SoFi revealed surprising correlations between the personal traits and economic patterns of over 1200 respondents. The purpose of the survey was to uncover trends in cash-back credit card users vs. debit card and cash users. However, the study also discovered that age, gender, relationship status, and other personal traits could impact your financial habits and ability to save. Here are some of the most exciting finds of this survey and what you should consider when trying to save money month over month.

Many startups enjoy healthy communications and a robust cultural identity in the early days. Employees form strong bonds and understand their positions and responsibilities in an evolving team. They can see a future for themselves and are invested in the company’s success. It’s exciting stuff.

Creating a startup can seem like a gamble, but it’s one that leaders are continuing to take the plunge on. According to a study by Embroker, only 10% of startups survive. But when they work out, there are still pitfalls.

Startups Magazine had the pleasure of attending Sustainability LIVE earlier this month.

The hydra of scandals, lawsuits, and controversy has many heads, but Mark Zuckerberg continues to effortlessly sever them all as he bulldozes through the tech world, determined to get Meta into the same VIP booth atop Mt. Olympus as Apple and Google, and he claims to have found his holy grail – AR (augmented reality) goggles.

Starting and running a business successfully is not as simple as some people might think. It requires a lot of time, dedication, and effort. You will even have to forget some luxuries just to ensure that your new venture starts on a strong foundation.

With the news full of warnings of an upcoming UK recession, business owners throughout the country will be conscious of what this may mean for them and their businesses.

Consumer messaging apps are hugely popular: around 2 billion of us use WhatsApp, and there is a growing number of alternatives. Messaging apps are a cost-effective and convenient way to keep in touch with family and friends, to organise events and share videos. That said, it can be very risky to use these consumer-grade messaging apps for internal comms at work – although that doesn’t stop people from doing it regardless.

Cyberattacks are hammering businesses of all sizes and sectors across the UK, with just a fraction of those prepared to defend against them, according to new research by Keeper Security. The 2022 Cybersecurity Census Report reveals that companies are suffering severe organisational, financial and reputational damage. Yet, despite IT leaders expecting this onslaught to intensify over the next year, preparation is lacking, with only a minority of organisations feeling ready to face the threats.

It's no secret that the tech sector has a problem with gender representation. A joint report by Accenture and Girls Who Code suggests the drop-out rate for women in tech is as high as 50%.

With the passing of Queen Elizabeth II, the country is set to mark the occasion of her funeral with a bank holiday. This seemingly universal day off has been granted to allow the country to mourn and observe the state funeral of the longest-serving monarch in British history.

In this digital era businesses need to prove they are genuine. Understandably customers are initially sceptical when it comes to purchasing online or hiring someone they don’t know to deliver a service.  A video is the perfect solution as it is an extremely effective way to communicate and create a sense of the physical existence of a business.

According to the UK Government, the UK is the sixth largest exporter in the world, with businesses increasingly selling their goods overseas and opening doors to new opportunities. HM Revenue & Customs says the total amount of goods exported in 2021 was £340 billion, an increase of £29.2 billion (9.4%) compared with 2020.