News

In the press

"According to early-stage Venture Capital firm OpenOcean, the government’s support of individual AI projects in real-world situations at least provides an opportunity to ensure that funding is spread across the U.K. as a whole, and not just in the familiar centers of London, Oxford, Cambridge and Bristol."

In the press

In a statement responding to the government's statement of intent, OpenOcean urged the continuation of a light-touch approach to startups but acknowledged the need for regulation - and the possible benefits.

In the press

Naureen Zahid, Director of Investor Relations at OpenOcean commented on the UK market dynamics, which is prompting a growing number of firms to consider listing in the US.

In the press

OpenOcean's Investment Associate Sri Ayangar was featured on the BBC News today! Sri shared his insights on 'AI washing', such as how competition for funding and the desire to appear on the cutting edge have pushed some such companies to overstate their AI capabilities.

In the press

OpenOcean, a prominent European software and deep technology Venture Capital (VC) firm, has revealed thirteen nascent unicorns, denoting companies with a valuation soaring beyond the illustrious $1 billion mark. This unveiling comes as a part of OpenOcean’s 2023 Automation Market Map, a comprehensive compass designed to illuminate the intricate terrain of the enterprise automation software realm.

In the press

Helsinki and London-based VC firm OpenOcean has updated its automation market map, adding over 100 companies from the year prior. The firm curates a collection of over 810 automation companies, each valued at over $100 million, but also includes a number of early-stage startups that they deem most promising, all with the aim of enhancing the understanding of the enterprise automation software sector.

In the press

For the past number of years, Ekaterina Almasque has dedicated herself to advocating for women in the venture capital industry. She is a co-founder of European Women in VC, an advocacy group she helped set up with a group of women who were equally frustrated with the blocks preventing talented women from breaking into the scene.

In the press

“Tech Nation 2.0 will be especially important for deep tech firms in fields like quantum technology. These companies have timelines measured in decades. They rely on targeted incentives and funding from the government to ensure continued progress is made. Furthermore, we need to establish the right procedures to guide visionary founders with innovative software concepts from initial whiteboard sketches all the way to becoming publicly listed companies in Piccadilly Square.”

In the press

Ekaterina Almasque, general partner at deep tech venture capital company OpenOcean said key players in the industry should have a seat at the table, but excluding prominent start-ups risks decisions being made without critical input from those at the frontlines. “To properly regulate AI in a way that fosters innovation, we need to make every effort to connect investors, startups, and policymakers,” she says. “This involves increasing R&D budgets, creating sovereign funds to support strategic initiatives, and attracting top talent into start-ups. However, we cannot adequately take these steps without the presence and perspective of the startups themselves.”