BrainBox AI has closed the acquisition of the retail energy management system integrator business of its global partner ABB, following its intent to acquire announcement on April 28th. This acquisition represents a crucial step for BrainBox AI in terms of scalability and capacity to better service its current and prospective retail clients.

J.P. Morgan Commercial Banking’s Innovation Economy team has hired almost 20 new client-facing teammates in EMEA to further its efforts to support companies in this sector in the UK, Ireland and DACH region.

Tracxn, a global SaaS-based market intelligence platform, has released its UK Tech Semi-Annual Funding Report - H1 2023. The report, based on Tracxn’s extensive database, provides insights into the UK Tech space.

Data has always formed the basis for strategic decision-making in digital marketing. Working with the creative models that artificial intelligence enables, it is now possible to imagine completely new and effective ways of making contact with people, communicating ideas and developing new products.

OmniIndex, the secure Web3 data platform, has successfully completed a proof of concept to provide Web3 storage and encrypted analytics for the largest and most diverse AI de-risking community in the world.

Outverse, the community platform for modern SaaS companies, has announced that it has raised $6 million in a seed round led by Wing VC. Also participating in the round are Notion Capital, Seedcamp, Connect Ventures, and Tiny VC.

Over a million small and medium sized businesses across the UK have upskilled their digital capabilities thanks to the free business guidance and training available from Vodafone via platforms such as V-Hub.

GET Protocol, the NFT ticketing innovator, has raised $4.5 million in a seed round to ensure continuity and is poised to significantly disrupt the ticketing industry.

More than one in three (35%) business leaders are reluctant to implement AI as they perceive it to be too expensive, meaning they miss out on its boundless capabilities such as greater efficiency and productivity.

BrainBox AI announced the close of its fundraising round at $30 million, furthering its mission of delivering scalable AI-driven solutions to decarbonise the built environment.

Public, a US-based multi-asset investing platform, has launched in the United Kingdom, entering its first market outside the United States. With the firm’s UK expansion, Public aims to be the preeminent place to invest in US-listed equities, offering over 5,000 stocks, deep data and insights, and a simple and transparent fee structure with zero commission trading and low FX fees.

Data-rich generative artificial intelligence (AI) will drive modern day business automation, says Lee Chin Jian, Vice President at DAI Magister.

The head of the Financial Conduct Authority has said that artificial intelligence could disrupt the financial services sector in “ways and at a scale not seen before”, warning that the regulator would be forced to take action against AI-based fraud.

In today's fast-paced and changeable landscape, cutting through chaos is essential for a business to maintain its competitive edge. Disruption and uncertainty pose significant challenges, making it crucial for businesses to find the right ways to navigate the changing landscape.

Small businesses face an uphill battle in capturing the hearts of younger customers, as a mere 22% of Gen Z believe their customer service rivals that of larger competitors.

Orbital Composites (Orbital), an innovative deep tech startup pioneering in-space manufacturing technologies, has announced that it has been awarded a $1.7 million US Space Force SpaceWERX Orbital Prime Direct-to-Phase-II Small Business Innovation Research (SBIR) contract. The award is intended to further the development of In-space Servicing, Assembly and Manufacturing (ISAM) of antennas, a groundbreaking area where Orbital Composites has shown exceptional promise.   

AWS has announced the 13 startups selected to participate in the AWS European Defence Accelerator, providing solutions to help the European Defence industry enhance its energy resilience, secure information sharing, sensing and decision making, quantum, and cyber resilience for land, air, maritime, space, and cyber domain missions.

Raising capital during an economic downturn can be a challenging endeavour, as the fear of dilution and the need for financial stability become paramount. Attempting to raise during a downturn presents various hurdles including longer timelines, risk-averse investors, and downward shifts in the company valuation.

“We have shrunk their repair times from weeks to days, and even to just a few hours” is what Fitim Mehmeti Co-Founder & CSO of Timely, the Swiss-German based, pan-European inventory management startup said it saved HAUSER refrigeration technology in Austria in its first year. Now, having grown to over 300 clients across Europe serviced by a 30+ team, it is coming to the UK to help our businesses do the same.

Hands In, the group payments solution provider, is excited to announce its strategic partnership with inai, the APAC regional payment specialist. This pioneering collaboration aims to spearhead transformative growth in the travel, leisure, and hospitality sector, offering innovative payment solutions to clients in Europe and expanding into the Asia-Pacific, Australian, and China (APAC) markets.