Augmented reality (AR) startup Poplar has closed a $2.1m seed funding round for its AR creative platform for brands, amid significant growth in consumer interest in the technology during lockdown.
Despite current uncertainty caused by the Covid-19 pandemic, By Miles, an insurtech startup offering pay-per-mile insurance, has seen a surge in sales amid lockdown.
Uber rival Bolt has seen its value climb to €1.7bn ($1.9m) in a funding round that is designed to help it diversify its offerings beyond ride-hailing.
Chipmaker Nvidia reported revenue of $3.08bn for the first quarter of fiscal year 2021, surpassing expectations at a time when many firms are struggling to survive the pandemic.
Tech startups raising funds for the first time have seen a sharp fall in investment while lockdown measures have been in place.
Japanese conglomerate SoftBank Group has reported a record $12.7bn annual loss as bad investments in the likes of WeWork were compounded by the coronavirus pandemic’s economic destruction.
Fintech startup Fly Now Pay Later has announced that it has raised £35m in Series A equity and debt funding, as investors look for disruptive solutions to the ailing travel industry.
SonarSource, a key player in the code quality and security industry, has acquired German startup RIPS Technologies, a developer of code security analysers, for an undisclosed amount.
Featurespace, a startup that provides artificial intelligence (AI) software to combat fraud and money laundering, has raised £30m in funding to drive its next phase of growth.
Lolli, a startup that rewards people with bitcoin when they shop online, has raised $3m in a second seed funding round.
Videoconferencing giant Zoom has today announced that it is acquiring secure messaging and file-sharing service Keybase for an undisclosed amount.
The Walt Disney Company’s streaming service, Disney+, now has 54.5 million paid subscribers – one of the few silver linings in a second-quarter earnings report that saw its revenues diminished by the coronavirus pandemic.
Swiss digital financial services startup Alpian has today announced that it has raised CHF 12.2m ($12.4m) in Series A funding to launch a digital bank targeting the country’s high net-worth population.
Artificial intelligence (AI) company Omilia has announced that it has raised $20m for its automated voice-based customer care virtual assistant, as investors see the potential of conversational AI as an alternative to call centres amid the coronavirus.
A startup that is bringing medical-grade laundry technology capable of killing the Covid-19 coronavirus on clothes to mass use has received £1.4m in seed funding.
To the surprise of no-one, Amazon’s first-quarter results, announced yesterday, saw the ecommerce colossus post greatly enhanced revenues, but the company has also revealed unprecedented spending plans to support its operation amid the pandemic.
British startups raised £663m investment in the first month after the country went into lockdown, with the tech sector seeing the most activity, according to new research released today by Plexal and Beauhurst.
Google parent company Alphabet has reported revenue of $41.16bn for the first quarter of 2020, beating analyst expectations amid a “significant” slowdown in advertising revenue due to the coronavirus pandemic.
ZuBlu, a travel startup focusing on the scuba diving industry, has announced that it has secured $1m in a seed funding round, with investors anticipating a surge in interest once the coronavirus lockdowns have been lifted.
Chipmaker Intel reported first-quarter revenue of $19.8bn in a strong earnings report overshadowed by the firm’s lack of guidance for the second half the year due to coronavirus-related uncertainty.
Streaming giant Netflix added 15.8 million paying subscribers between January and March, as global coronavirus lockdown measures helped it more than double its own pre-pandemic forecasts.
Startup Blueprint has secured £1m in seed investment to develop its conversational commerce platform, which allows consumers to purchase products through a single SMS or WhatsApp message.
Chancellor of the Exchequer Rishi Sunak has pledged £1.25bn to support UK startups struggling to survive during the Covid-19 pandemic, including funding for high-growth companies and a “Future Fund”.
Sprout.ai, an insurtech startup formerly known as BlockClaim, has raised $2.5m in a second seed funding round in order to accelerate the rollout of its automated rapid insurance claims settlement platform.
Wuhan CocoBull Technology, a Chinese artificial intelligence (AI) and blockchain startup, has received a “multi-million dollar investment” from OK Group on the day the city of Wuhan, China, finally ends its lockdown from the coronavirus.
Startup Ably has raised $7m to scale up its real-time data streaming platform, which facilitates the flow of data between internet-connected devices in milliseconds.
We live in unprecedented times as the Covid-19 pandemic sweeps across the globe from East to West.
Today, Chancellor Rishi Sunak announced further measures to support businesses during the Covid-19 coronavirus pandemic, but this does not fully address the needs of early-stage tech companies, according to Tech Nation.
Ecommerce startup Cazoo has announced that it has raised £100m to enable users to buy cars online, as the Covid-19 coronavirus drives a surge in online shopping.
With the two year anniversary of open banking regulations in January, and the steady rollout of PSD2 rules, the world of banking is facing significant disruption as consumers demand increasingly sophisticated digital products.