London cyber security startup Callsign, used by Lloyds and Deutsche Bank, has raised a huge $35m series A led by Accel and PTB Ventures July 27, 2017 A security startup focused on digital identity which helps keep Lloyds and Deutsche Bank protected has raised a huge round of funding from venture capital investors. London-based Callsign has landed $35m in a series A round of funding led by Spotify backer Accel and PTB Ventures a New York-based early-stage investment firm specialising in digital [...]
Hot UK cyber security startup Darktrace raises $75m series D at $825m valuation July 11, 2017 One of the Uk’s hottest startups has millions of pounds in fresh funding, pushing the firm’s valuation surging past the half a billion dollars mark. Cyber security startup Darktrace has raised $75m (£58m) in a series D round of funding, valuing it at $825m, almost double of what it was when it raised $65m this [...]
London is home to more of the hottest fintech startups than ever before according to the Fintech50 2017 June 7, 2017 London’s status as the world leading centre of fintech has been questioned in the wake of Brexit, but new figures suggest the capital continues to be a global powerhouse for financial technology. The city has produced more of the hottest fintech startups than ever before, with over half of the Fintech50 calling it home. Challenger [...]
Leap 100 companies have shown how much can be achieved in just two years March 14, 2017 We're living in an unprecedented time of change. Technology is accelerating at breakneck pace, changing the way we work, creating new industries and, with them, new opportunities for ambitious British businesses. The UK is becoming an increasingly fertile nesting ground for new technology. According to London & Partners, the UK tech sector drew more investment [...]
Innovation never stops: What’s next for the tech startups in Bird & Bird’s Digital Innovators showcase pushing boundaries? March 14, 2017 When Bird & Bird and City A.M. sought to unearth, and then celebrate, the most innovative digital companies shaking up the worlds of finance, health, education, media and security, we knew the collective 20 companies we found were an outstanding demonstration of the UK’s leadership in cutting edge technology. Now, just four months on, the visionary founders [...]
City Moves for 8 February 2017 – who’s switching jobs? February 8, 2017 Today's City Moves cover banking and online travel. Take a look at these movers and shakers: Aldermore Specialist lender and savings bank Aldermore has appointed two leading industry figures to its business finance team to drive further growth in its asset finance lending operations. Patrick Jelly joins the Bank as commercial director for asset finance. [...]
UK tech urges Theresa May to clarify skilled immigration in hard Brexit speech January 16, 2017 The UK tech industry is calling on Theresa May to consider the need for skilled migrants in her plans for Brexit, which are due to be revealed in a highly-anticipated speech on Tuesday. The Prime Minster is expected to lay out her most detailed plans yet for a so-called hard Brexit that would mean an exit from the Single Market, customs union [...]
At the frontline: The cyber threat is becoming ever more subtle November 8, 2016 On any given day, typing the words “cyber attack” into Google News will give you a fresh medley of hacking stories. Hollywood and Edward Snowden may have romanticised the perpetrators of these crimes, but behind most of the headlines sit one or more business owners who are the victims of these devastating breaches. Darktrace and its 330 [...]
Cyber security innovators are taking on the criminals on their own turf October 21, 2016 In an increasingly digital world where we entrust our most valuable data to the information superhighway, it was almost inevitable that criminals and other bad actors would eventually catch up and move their business online too. Their methods are becoming ever more sophisticated as they take advantage of the labyrinth that is the "dark web", which enables [...]
UK tech investors are incredibly happy about Softbank’s $100bn fund October 17, 2016 Venture capital investors in London have welcomed the arrival of the world’s biggest ever tech investment fund and the decision to locate it in the capital. Softbank unveiled plans last week to create a huge new fund for investing in technology companies along with the Saudi Arabian sovereign wealth fund to the tune of as much as $100bn [...]