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

Investment stories - Page 5

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UK tech sector faces challenges with potential CGT rise
Fri, 25th Oct 2024
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ai
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investment
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eis
Potential changes to Capital Gains Tax in the Autumn Budget could hinder UK's tech innovation, warns expert Adam Chick, driving entrepreneurs to sell prematurely.
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Australia's data centre investment to exceed $26bn by 2030
Fri, 25th Oct 2024
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hyperscale
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dc
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cleantech
Investment in Australian data centre capacity is projected to surpass AUD $26 billion by 2030, driven by soaring demand for digital services.
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Nick Hoar joins Volution as Senior Partner for APAC expansion
Fri, 25th Oct 2024
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saas
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fintech
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blockchain
Nick Hoar joins Volution as Senior Partner, bringing over 30 years of asset management experience to bolster the firm's global expansion efforts.
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UK firms delay investments amid pre-autumn budget fears
Wed, 23rd Oct 2024
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ai
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investment
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budget
A survey reveals that 70% of UK financial leaders are delaying investments due to uncertainties before the Autumn Budget, with technology spending prioritised.
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Scaleup Mediafund invests in Naked Life & Settle Easy
Wed, 23rd Oct 2024
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partner programmes
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ipo
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investment
Scaleup Mediafund has finalised investments in Naked Life and Settle Easy during its AUD $15 million funding round, focusing on media-for-equity support.
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GoCardless & Pipe partner to offer finance to UK SMEs
Wed, 23rd Oct 2024
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fintech
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investment
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gocardless
GoCardless has teamed up with US fintech Pipe to launch embedded finance solutions for SMEs in the UK, streamlining access to capital for small businesses.
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Socket secures USD $40m series B to combat supply threats
Wed, 23rd Oct 2024
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application security
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advanced persistent threat protection
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ai
Socket has completed a USD $40 million funding round, aiming to enhance security for open-source software amid rising supply chain attacks.
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Paladin appoints Nazo Moosa as UK Managing Director
Tue, 22nd Oct 2024
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robots
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ai
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cybersecurity
Paladin Capital Group has appointed Nazo Moosa as Managing Director for its European operations to enhance investment and fundraising capabilities.
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EDGNEX to build 40MW data centre in Madrid by 2026
Tue, 22nd Oct 2024
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datacentre infrastructure
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ai
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cleantech
EDGNEX Data Centers, part of DAMAC Group, is investing EUR 400 million in a new 40MW data centre in Madrid to meet rising global demand.
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Chipotle invests in AI supply chain firm Lumachain
Mon, 21st Oct 2024
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data analytics
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cleantech
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sustainability
Lumachain, an AI supply chain platform from Sydney, secures a minority investment from Chipotle's USD $100 million Cultivate Next fund to enhance food supply transparency.
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GaiaLens wins ESG innovation funding for anti-greenwashing
Tue, 15th Oct 2024
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dei
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ai
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cleantech
GaiaLens has been named a winner of FinTech Scotland's ESG innovation call, securing funding to enhance its Greenwashing Analytics Solution.
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Telecom firms lead the way in GenAI adoption & investment
Fri, 11th Oct 2024
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uc
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data analytics
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cx
A new study reveals that 70% of telecommunications firms are adopting generative AI, outpacing other sectors in investment and implementation.
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Kao Data begins £350m data centre project in Stockport
Thu, 10th Oct 2024
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edutech
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power / energy
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ai
Kao Data has begun construction on a GBP £350 million data centre in Stockport, set to enhance Greater Manchester’s digital infrastructure by 2026.
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New robotic palletising solution launched for Singapore SMEs
Thu, 10th Oct 2024
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robots
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it in manufacturing
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it automation
ProPal Robotics and OnRobot have unveiled Southeast Asia's first off-the-shelf palletising automation solution, targeting Singapore's SME manufacturers.
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UK ranks lowest in 5G connectivity among major countries
Thu, 10th Oct 2024
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uc
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5g & beyond
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telco
A report by the Social Market Foundation reveals the UK ranks last for 5G connectivity among 15 global markets, with coverage only 10% of the time.
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Enky introduces sustainable subscription furniture to UK
Wed, 9th Oct 2024
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cleantech
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sustainability
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investment
Belgium-based start-up Enky launches its subscription furniture service in the UK, focusing on sustainability and the circular economy for businesses.
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Mobii partners with North Rakaia for NZ green data centre
Tue, 8th Oct 2024
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hyperscale
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dc
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ai
Mobii Green Energy Group has partnered with North Rakaia Ltd to launch a green hydrogen data centre in Canterbury, featuring an initial investment of USD $2 billion.
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Layer secures USD $6m to boost decentralised web tech
Tue, 8th Oct 2024
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cryptocurrency
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blockchain
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software development
Layer has raised USD $6 million in seed funding to enhance trust in internet software, spearheading advancements in decentralised application technology.
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Oracle invests USD $6.5 billion in AI & cloud in Malaysia
Sun, 6th Oct 2024
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data analytics
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digital transformation
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hyperscale
Oracle plans to invest over USD $6.5 billion in AI and cloud services in Malaysia, launching a new public cloud region for enhanced digital capabilities.
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Aussie firms lead AI shift with strong digital literacy push
Fri, 4th Oct 2024
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ai
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management
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digital literacy
Australian companies outpace US, UK, and Europe in AI readiness, with 90% prioritising AI literacy and GTM leaders gearing up for a 20% tech investment increase by 2025.