10th July 2020
Astrosat has signed up to the national SPRINT business support programme to develop a new software tool that will automate the analysis of housing construction progress using remote sensing images. SPRINT will provide Astrosat with funded access to expertise from the University of Leicester to develop a machine learning algorithm that will analyse Earth Observation and other geospatial data. This will enable local authorities to support their housing delivery monitoring needs and more effectively forward plan public services.
9th July 2020
Permutive, the publisher-focused data management platform, has raised $18.5 million Series B funding, led by Octopus Ventures with participation from EQT Ventures and earlier investors. The company, which works with global publishers, tripled revenue growth last year. The funding announcement comes at an unprecedented time for publishers, as web traffic continues to spike due to coronavirus yet struggles to monetize this readership persist.
7th July 2020
TAINA a market leading, computer science led provider of flexible and efficient FATCA, CRS and Chapter 3 solutions for banks, online trading platforms and fund administrators has announced the closing of its most substantial funding round yet, welcoming Anthemis, Tribeca ESP, Reciprocal Ventures and SIX Ventures to the TAINA Family.
7th July 2020
ThingTrax, a provider of smart technology solutions for the manufacturing industry, has announced the close of a $1m seed round led by SuperSeed, investing alongside industrial specialist Sumaria. Founded in 2015, the company has been working with manufacturers around the world to turn their unconnected factories into smart manufacturing hubs. Using cloud computing, IoT, AI, and most recently computer vision, to connect machines, workers, and robotics to improve efficiency.
6th July 2020
Europe’s leading R&D and electric battery production company, InoBat Auto has secured additional EUR 10m investment to fund the development of a first-of-its kind 100 MWh R&D centre and production line in Slovakia.
3rd July 2020
Specialist technology investor Par Equity has led a consortium that has invested £800k in Publisher Discovery, a provider of services for online advertisers.
Publisher Discovery supports the growing performance or “affiliate” marketing space by helping companies that advertise online target potential customers more accurately. It uses AI technology to monitor millions of websites, ranking them by relevance and traffic to increase efficiency for advertisers and reduce frustration for browsers. Publisher Discovery holds two patents for its AI technology and is currently applying for a third.
3rd July 2020
Nanotechnology business, MIP Diagnostics, has completed a £5.1m funding round to accelerate its global expansion. The co-investment has come from Mercia Asset Management, a founding investor and the largest shareholder in the company, and was led by Downing Ventures (£1.4m), BGF (£2m) and Calculus Capital.
2nd July 2020
Envestors has secured £2m in funding to grow its digital marketplace for start-up investment, The marketplace, powered by Envestors’ white-label investment platform Envestry, facilitates the investment process for all parties, making it easier for start-ups to raise investment and for investors to build diverse portfolios.
Partnering with networks, accelerators and incubators, Envestors provides a branded site where they can engage investors, promote deals and uniquely connect to other networks.
2nd July 2020
6 Bit Education, a company spun out of the University of Birmingham, has received investment to pilot an AI-based marking system that learns how maths, physics and statistics teachers give feedback, so they never have to mark the same answer twice.
30th June 2020
BGF, the UK and Ireland’s most active investor in growth businesses, has invested in Juriba, an industry-leading IT migration software provider, to accelerate product development and drive international scale.
Started in 2008 by co-founders Barry Angell and Julia Bell, and now led by Angell, Bell and Iain Fraser (Chief Sales Officer), Juriba is a fast-growth technology business that specialises in digital transformation software, providing innovative solutions for medium-sized to large corporates and multinational organisations.
26th June 2020
Reactec, the Edinburgh-based tech company that recently launched its innovative SAFE-DISTANCE device to enable social distancing among workers, has completed a further £700,000 round of fundraising for the ongoing development of its innovative personal monitoring equipment and reporting technology.
The funding round was led by leading business angel investment syndicate, Archangels, with co-funding from Scottish Investment Bank, the investment arm of Scottish Enterprise. The funding round included £103,000 of investment from Reactec’s board, management and staff.
25th June 2020
Oxford Capital portfolio company, Cambridge-based UltraSoc Technologies Ltd, has signed an agreement to be acquired by Siemens. UltraSoc, a provider of instrumentation and analytics solutions that puts intelligent monitoring, cybersecurity and functional safety capabilities into the core hardware of systems-on-chip (SoC). Siemens will integrate UltraSoc’s technology into the Siemens Xcelerator portfolio as part of Mentor’s Tessent™ product suite.