Funding stories - Page 2

Funding for UK FinTech startups dipped 2% to USD $4.9 billion in 2024, marking a five-year low amidst growing regulatory challenges and economic concerns.

A report by Menzies reveals 90% of UK tech firms face significant financial hurdles, with high operational costs and funding difficulties limiting growth.

SuperOps has raised USD $25 million to enhance its AI platform and boost global growth, aiming to transform IT operations for businesses worldwide.

Edinburgh City Council has adopted Genetec Security Center in its Smart City Strategy to enhance public safety and urban planning, securing vital funding support.

Accounting software provider iplicit has secured a GBP £25 million investment from One Peak, aiming to enhance its cloud-based solutions for UK businesses.

Emerald Technology Ventures has led a GBP £8.4 million funding round for Belfast's StormHarvester, aiming to enhance its smart water management solutions.

Baya Systems has secured $36 million in Series B funding, led by Maverick Silicon, to bolster its semiconductor technology for AI and IoT applications.

Applied Labs has secured USD $4.2 million in funding to enhance AI solutions, aiming to improve business operations and customer support reliability.

Keyless has secured an additional USD $2 million, raising total funding to USD $10 million, to enhance its biometric services and expand in North America.

The US Department of Energy has granted a $584.5 million loan guarantee to support solar and battery projects in Puerto Rico, enhancing energy resilience.

Vertice has secured $50 million in Series C funding, boosting its total to over $100 million, aimed at enhancing global procurement processes.

Fiverr has unveiled its largest cohort yet for The Future Collective, a business accelerator supporting 15 underrepresented entrepreneurs across the US.

Young British entrepreneurs Charlie Gray and Ben O'Nion have launched Echo AI, an AI-driven note-taking assistant, with a GBP £2 million investment to boost productivity.

Kaspersky has unveiled three new courses aimed at bolstering cybersecurity skills through its Automated Security Awareness Platform, addressing rising cyber threats.

Verkada has appointed Boudewijn Pesch as Vice President of Japan and Asia-Pacific Channel Sales, tasked with enhancing channel strategy in the region.

Patients Know Best has raised GBP £6 million in funding from Growth Lending to enhance its Personal Health Record platform, supporting NHS digitalisation efforts.

Confido Health has secured USD $3 million in seed funding to enhance its AI-driven digital workers addressing staffing issues in the US healthcare sector.

CISA has mandated federal agencies to implement SCuBA Secure Configuration Baselines for Microsoft 365 by mid-2025 to combat rising cyber threats.

Myriota has raised $50 million to boost its IoT capabilities and create up to 100 jobs at its Adelaide manufacturing base.

SandboxAQ has secured over $300 million in funding, bringing its pre-money valuation to $5.3 billion as it advances in AI and quantum technology.