startups
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Osney Capital unveils UK’s first seed fund for cybersecurity startups
VC firm Osney Capital has launched the UK’s first specialist cybersecurity seed fund in a bid to drive funding for startups at the seed and pre-seed stage. A total of 30 firms will receive between £250,000 and £2.5 million, with the possibility of follow-on investments in Series A rounds. The fund is oversubscribed from its original target of £50 million.…
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A Useful Quantum Computer Within 10 Years? DARPA, 2 Australian Startups & More Are Working On It
Andrew Dzurak, founder and CEO of Australian startup Diraq, holds one of the company’s projects. Image credit: Diraq DARPA has awarded two Australian startups, Diraq and Silicon Quantum Computing (SQC), contracts for quantum computing research, the U.S. agency announced on April 4. Both Sydney-based companies will participate in the Quantum Benchmarking Initiative (QBI) program, designed to assess other companies to…
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National Grid investment wing backs AI startups to boost energy efficiency
National Grid Partners, the venture capital and innovation arm of the UK utility firm, has unveiled plans to invest $100 million in AI startups in the energy field. With pressure on the grid increasing, the investment division is exploring solutions that will help make the grid more efficient, resilient, and dynamic. This means improving efficiency, cutting customer costs, reducing emissions,…
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Why the UK keeps losing promising startups
The UK is in danger of becoming an ‘incubator economy’ whose startups move overseas as they scale, according to lawmakers. The House of Lords Communications and Digital Committee says the UK needs to do a better job supporting UK AI and creative tech startups. Committee chair Baroness Stowell said the UK has the potential to “be a powerhouse of growth…
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7 Best CRM Software for Startups
Investing in a CRM tool can be a big jump from managing customer information in worksheets and loose documents, but startups can greatly benefit from implementing this type of software. Top providers like HubSpot, Pipedrive, and Zoho CRM can help startups create and fine-tune effective marketing and sales processes and workflows, monitor team performance, and solidify and secure data organization.…
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Microsoft and Nvidia are teaming up to support UK AI startups – and they want to attract firms outside of London and the South East
Microsoft and Nvidia have teamed up to launch a generative AI accelerator for UK startups, offering them technical guidance, advice on marketing strategy, and access to a network of potential investors. The Microsoft GenAI Accelerator is specifically tailored for UK AI startups and scale-ups that have secured seed funding and are now looking to develop their products further. The accelerator…
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The UK has ‘seismic’ AI potential, says AWS startup leader – but startups still need skills support
AI startups are in a critical position at the moment, with the potential to raise millions from investors buying into the hype around generative AI but also the challenge of standing out in a sea of AI-focused businesses. This is why startups often tie up with some of the largest companies in tech, either through accelerator schemes or public cloud…
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European bank aims to keep startups local
Can extra funds keep startups and scaleups in Europe? The European Investment Bank (EIB) hopes so. The EIB – which is the European Union’s funding agency and is controlled by EU members – has asked European finance ministers for help closing the funding gap between the US and EU by supporting venture capital and private equity markets, in the hopes…
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Scottish data center provider teams up with HPE to unveil National Cloud – a UK sovereign cloud service for large enterprises, tech startups, and public sector organizations
Scottish data center and cloud services provider DataVita is now offering clients data residency within the UK with the launch of National Cloud. Aiming to position itself as an alternative to the big cloud providers, it’s offering the new platform through a strategic partnership with Hewlett Packard Enterprise (HPE). “The National Cloud combines HPE GreenLake cloud’s leading capabilities to manage,…
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Ex-Google CEO: AI startups can steal IP, hire lawyers to “clean up the mess”
If TikTok is banned, here’s what I propose each and every one of you do: Say to your LLM the following: “Make me a copy of TikTok, steal all the users, steal all the music, put my preferences in it, produce this program in the next 30 seconds, release it, and in one hour, if it’s not viral, do something…
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