Exclusive: Railsbank CEO on finance’s ‘iTunes moment’, ripping up the rule book and the might of Amazon February 7, 2022 British fintech Railsbank is eyeing up ‘unicorn’ status as it looks to raise $100m funding which would value the firm at over $1bn. It follows a $70m funding injection last year from backers including Anthos Capital and Outrun Ventures, which bosses had suggested had left the firm with a valuation of close to $1bn. Time [...]
The White House’s Zoom: Neat video platform opens its London office following £472m valuation February 7, 2022 Neat, the immersive video conferencing software backed by Zoom and used by the US President, has opened a new office in London, as it hits a $640m (£473m) valuation and embraces hybrid working in the UK.
Meta share price plunge sees investors buy up almost 20 times more shares February 7, 2022 New data has revealed that investors purchased 1,828 per cent more shares day after Meta's fourth quarter announcement last week after the tech giant's stock dived 26 per cent.
Business of Space: Is there anything slowing down space-tech investing? February 5, 2022 This week Orbex files for UK launch licence More than £100m in fresh investment for ICEYE Military eye Isotropic Systems’ landmark tech Orbex applies for licence as UK heads for landmark launches this year The countdown has begun for the UK’s first-ever launches from British soil this year, which has prompted rocket firm Orbex to [...]
Railsbank closes in on ‘unicorn’ status with $100m funding round February 4, 2022 British fintech firm Railsbank is eyeing up ‘unicorn’ status as it looks to raise $100m funding that at a valuation of over $1bn, according to news reports.
Oxford Biomedica raises £39m after snapping up majority stake in US firm February 4, 2022 Oxford Biomedica, which helped AstraZeneca with its Covid-19 vaccine manufacturing, has raised £39.4m in a share placing. The placing represents 5.6 per cent of the company’s issued share capital to date. The London-listed gene and cell therapy group launched a placing to raise £80m last week, as it looks to widen its viral vector manufacturing [...]
Cybersecurity: ‘To cripple UK, Putin does not need nuclear weapons’ February 4, 2022 The UK’s public sector needs to be “agile” in employing the government’s new cybersecurity strategy, according to analysts, amid fears of a Russian devised cyberattack. While the strategy, published last week, “looks good on paper” – there are significant areas of improvement, say experts. “To cripple the UK, Putin does not need nuclear weapons,” explained cybersecurity expert [...]
Tech stocks in a valley February 4, 2022 Just when Silicon Valley thought things couldn’t get any worse, they did. Meta tanked over 25 per cent on Wall Street yesterday, losing around $200bn (£147bn) in value, dragging the tech-heavy Nasdaq down along with it.
Cheer up Mark, the share price might have done better in the metaverse… February 4, 2022 Meta faced its worst single-day wipeout yesterday, as shares plunged over 25 per cent, slashing $220bn (£162bn) off the company’s value. It comes after Facebook’s owner reported dismal results on Wednesday night, citing Apple’s privacy changes and “increasing competition” as the key drivers for its demise. “Meta’s quarterly results confirmed what investors were already worried [...]
EU aims to tighten data curbs on non-EU governments February 3, 2022 New European law will start requiring cloud services, like Amazon and Microsoft, to set up safeguards against illegal data transfers to non-EU governments, as the EU continues to rein in US tech giants. According to reports by Reuters, the European Commission’s Data Act, which is set to be published at the end of this month, [...]