Technology Funding and Finance Archives

24 Jan

Hitachi Vantara’s Waterline Data acquisition is a shrewd move in a data-logged world

Hitachi Vantara this week announced that it intends to acquire Waterline Data, a company that uses machine learning to power intelligent data cataloguing.

20 Jan

Tink nets €90m to expand open banking platform across Europe

Leading open banking startup Tink has announced that it has closed a €90m investment found that will enable it to further expand across Europe.

17 Jan

Alphabet has reached a trillion, but does it really matter?

Google’s parent company Alphabet has reached a trillion-dollar valuation, making it the fourth US company to achieve this.

16 Jan

Hyundai and Kia invest £100m in electric car unicorn Arrival

Automotive giants Hyundai and Kia have announced they are investing €100m in UK electric car manufacturer Arrival.

15 Jan

With its acquisition of Pointy, Google is expanding search into the physical world

Yesterday Google published a blog post announcing its acquisition of Pointy, a startup based in Dublin, Ireland, that lets brick-and-mortar stores make their products discoverable online.

15 Jan

UK tech startups net £10bn in venture capital investments

Venture capital investments in UK-based tech startups reached record levels in 2019, netting firms a combined £10.1bn.

13 Jan

UK and US heading towards recession according to nearly half of businesses

Almost half of UK and US firms predict that their respective country will experience a recession this year.

13 Jan

Startup Jolt raises $14.1m to disrupt MBA education market

Startup Jolt has today announced that it has raised $14.1m in a Series A funding round to further its efforts to disrupt higher education.

6 Jan

LG Electronics partners with Element AI to create enterprise artificial intelligence roadmap

LG Electronics has announced a strategic partnership with Element AI in order to advance artificial intelligence (AI) tools for the enterprise space.

12 Dec

Autonomous vehicles lead way for private AI investment

Autonomous vehicles received the largest percentage of private artificial intelligence (AI) investment for 2018 and 2019.

11 Dec

Tines nets $11m to further cybersecurity automation efforts

Startup Tines has announced that it has raised $11m in Series A funding to further its efforts in the cybersecurity automation space.

26 Nov

Buguroo raises $11m to expand deep learning fraud detection tech

Madrid-based cybersecurity startup buguroo has raised $11m in a Series A funding round, enabling it to expand its deep learning-based tools and expand its products to new markets.

14 Nov

Threekit nets $20m to expand augmented reality platform for brands

Product visualisation software platform Threekit has announced that it has raised $20m in a Series A funding round to expand its augmented reality and 3D services for brands.

7 Nov

Data is driving M&A activity in the tech sector: Deals interview

Total technology industry M&A deals worth $82.77bn were announced in the second quarter of 2019, according to GlobalData.

1 Nov

Google acquires Fitbit in $2.1bn move into wearables

Google owner Alphabet has signed an agreement to acquire Fitbit in a deal that values the wearables firm at $2.1bn.

28 Oct

Crypto

Zamna raises $5m for blockchain-powered airport security tech

UK aviation security firm Zamna has raised $5m in its latest funding round for its blockchain-powered passenger verification platform.

25 Oct

Urban air mobility hopeful Volocopter draws Micron investment in Series C round

Volocopter, one of the key contenders in the emerging urban air mobility industry, has drawn investment from automotive memory supplier Micron Technology as part of its Series C funding round.

22 Oct

GKN Powder Metallurgy acquires Forecast 3D in 3D printing push

Leading plastic additive manufacturing provider Forecast 3D has been acquired by GKN Powder Metallurgy, the largest producer of metal power and parts in the world.

17 Oct

Winnow nets $20m funding to combat global food waste with AI

Winnow, a startup using artificial intelligence (AI) to cut waste in the food services industry, has announced that is has raised $20m funding in the last month, in part through a series B funding round.

10 Oct

AI-based spell checker Grammarly raises $90m to take value above $1bn

Artificial intelligence-based grammar and spell-checking tool Grammarly has closed a $90m funding round, taking the startup’s value to more than $1bn.

8 Oct

Boeing invests $20m in Virgin Galactic space tourism

Aerospace giant Boeing has announced that it is investing $20m in Virgin Galactic to “broaden commercial space access and transform global travel technologies”.

7 Oct

Blockchain startup Verisart raises $2.5m to combat art fraud

Verisart, a startup applying blockchain to the arts and collectibles industry, has announced that it has raised $2.5m in a seed funding round.

3 Oct

Biotech startup AmacaThera nets $3.6m to ‘redefine’ therapeutic delivery

Canadian biotechnology startup AmacaThera has closed $3.6m seed financing round to help it commercialise its proprietary technology to improve drug delivery.

1 Oct

Data science collaboration disruptor Saturn Cloud nets $4m seed funding

US-based data science startup Saturn Cloud has secured $4m funding just weeks after incorporating.

24 Sep

Everledger funding round raises $20m despite blockchain investment slowdown

Blockchain startup Everledger has secured $20m in a Series A funding round led by Chinese technology conglomerate Tencent.

19 Sep

WordPress creator Automattic raises $300m as it bids to ‘power the internet’

Automattic, the creator of internet publishing platform WordPress, has raised $300m in a Series D funding round.

17 Sep

SoftBank boosts funds of car leasing app Fair

Japanese conglomerate SoftBank Group is among a group of creditors that have handed $500m in loans to car leasing app Fair, as the startup seeks to rapidly scale its partnership with ride-hailing giant Uber.

13 Sep

Element AI nets £123m to advance enterprise artificial intelligence

Element AI, a developer of enterprise-targeted artificial intelligence products, has announced that is has raised CAD $200m (£123m) in a Series B financing round.

12 Sep

CryptoKitties creator gets $11m to launch blockchain for entertainment industry

Dapper Labs, the company behind blockchain game CryptoKitties, has announced that it has received $11m in funding to launch Flow, a blockchain designed to enable the entertainment industry to launch decentralised applications at scale.