IT Brief UK - Technology news for CIOs & IT decision-makers

Investment stories - Page 3

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GitHub launches AUD $1.91m fund for open source security
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risk & compliance
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open source
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cybersecurity
The GitHub Secure Open Source Fund has launched with AUD $1.91 million to boost security in 125 open source projects, offering financial support and education.
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Neo4j surpasses USD $200m ARR, eyes further AI growth
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data analytics
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digital transformation
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data science
Neo4j has exceeded USD $200 million in annual recurring revenue, doubling its figure in three years, driven by demand for its graph technology.
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Iplicit ranks 40th in Deloitte UK Technology Fast 50 list
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investment
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startups
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iplicit
Iplicit has been ranked 40th in the Deloitte UK Technology Fast 50, boasting an impressive 742% revenue growth from 2021 to 2024.
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Iplicit appoints industry leaders to advisory board
Last month
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sage
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investment
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c-suite
iplicit has appointed Øystein Moan and Nic Humphries to its advisory board as it targets GBP £100m ARR within six years amid significant growth plans.
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UK cities approve 89% of data centre applications
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investment
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digital infrastructure
Research by Onnec reveals that 89% of data centre planning applications in the UK's largest cities were approved in the past five years.
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JLL secures significant plot for digital firm in Thailand
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investment
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jll
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digital economy
JLL Thailand has brokered a major real estate deal on Bangna-Trat Road, signalling the nation's evolving role as a digital infrastructure hub.
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TRST01 seeks USD $10 million for expansion in ESG tech
Last month
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cleantech
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sustainability
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climate change
TRST01 is seeking to raise USD $10 million in Series A funding to expand its sustainable tech operations amid rising global demand for ESG compliance solutions.
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CoinFlip Wallet launches in Australia & New Zealand
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cryptocurrency
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blockchain
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cloud services
CoinFlip has launched its Wallet service in Australia and New Zealand, enhancing the ease of cryptocurrency transactions for users in the region.
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Tiger Technology targets USD $10M funding for cloud growth
Last month
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storage
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hybrid cloud
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cloud storage
Tiger Technology is set to secure USD $10M in Series A funding, driven by strong demand for its hybrid cloud data management platform amid soaring data costs.
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Coventry & Warwickshire offer GBP £4.35m for innovation
Last month
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cleantech
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ar, vr & metaverse
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collaboration
Coventry and Warwickshire are offering GBP £4.35 million in funding to boost innovation and business growth in the local Immersive and Creative technology sector.
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Keppel sells data centres in SGD $1.38 billion deal
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investment
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divestment
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keppel
Keppel has sold two AI-ready hyperscale data centres in Singapore to Keppel DC REIT for SGD $1.38 billion, marking a major Southeast Asian deal.
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Iplicit strengthens executive team for substantial growth
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saas
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financial systems
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xero
Cloud accounting firm iplicit is expanding its executive team in preparation for significant growth, aiming for £100m in annual recurring revenue by 2031.
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DeepL launches real-time speech translation products
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cx
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martech
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captions
DeepL has launched its voice translation solution, DeepL Voice, enabling real-time spoken translations for meetings and conversations across multiple languages.
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Avanade report: mid-market firms embrace AI despite hurdles
Last month
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data analytics
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digital transformation
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genai
Avanade's new Trendlines report reveals mid-market firms are eager to adopt AI despite facing significant challenges in achieving sustainable success.
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Salesfire secures GBP £2.75 million for AI advancement
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cx
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martech
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ai
Salesfire has secured GBP £2.75 million in funding to advance its AI technology for e-commerce, creating over ten new jobs in the next two years.
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Scalare Partners becomes first tech accelerator to list on ASX
Last month
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fintech
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accelerator
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asx
Scalare Partners has launched its trading on the ASX, marking it as Australia's first early-stage tech accelerator to list, raising AUD $4.3 million.
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Australian CFOs concerned about AI value in investment
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risk & compliance
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ai
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investment
A survey reveals Australian CFOs are uneasy about AI's ROI, with 77% deeming their organisations ineffective in realising its potential.
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HMC Capital acquires iseek platform for AUD $400 million
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hyperscale
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dc
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asx
HMC Capital has acquired data centre platform iseek for AUD $400 million, enhancing its strategy to launch a Global Digital Infrastructure Platform.
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CloudBolt & CloudEagle.ai join forces for SaaS savings
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saas
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investment
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cloudbolt
CloudBolt Software has teamed up with CloudEagle.ai to enhance cloud and SaaS management, aiming for increased returns on USD $4 billion investments.
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Infinigate reports GBP £1.2 billion revenue, 14% growth
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saas
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network infrastructure
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cybersecurity
Infinigate has reported a revenue of GBP £1.2 billion for H1 2024-2025, marking a 14% year-on-year growth despite economic challenges.