The heart of a venture capital fund’s strategy is to feed investors’ capital into high-growth, early-stage companies with the potential to expand rapidly and deliver high returns. However, a company’s ability to deliver the kind of growth that generates outsized returns usually has a risk profile to match. So how do VCs think about risk in order to protect their investor’s interests?
The O3 platform is designed for steady global expansion, with this version tested on the UK AI startup landscape. In this first phase, the project will help improve decision-making for leaders across the UK tech ecosystem, giving them unique, granular data on startups and their underlying technology.
Tech Nation, the startup growth network that closed its doors in March 2023, is gearing up for a relaunch during Birmingham Tech Week in October. The UK tech industry suffered a setback with Tech Nation’s closing, given its vital role in connecting entrepreneurs and providing grassroots support for startups.
Binalyze, a Tallinn-based cybersecurity firm specialising in digital forensics and incident response solutions, has raised $19 million in a Series A funding round. The capital will facilitate Binalyze’s further market penetration. Since early 2021 Binalyze has raised just shy of $31 million. The Series A funding round was led by Molten Ventures with existing investors Earlybird Digital East and OpenOcean, and new investors Cisco Investments, Citi Ventures, and Deutsche Bank Corporate Venture Capital participating.
Less than 10 per cent of UK startups are using or facilitating artificial intelligence, despite Rishi Sunak pushing for Britain to become a global leader in AI. Out of nearly 17,000 UK startups, just 1,270 startups have been identified as clearly using or facilitating AI – just 7 per cent. The top sector for AI investment in the UK has been in health, with £3.4 billion of funding since 2011, according to research from Oxford University and venture capital firm OpenOcean.
The platform is the result of three years of research from Oxford Saïd and 13 years of experience of data economy investing from OpenOcean. It leverages public and private data sources and is meant to help improve decision making across the UK tech ecosystem, through “granular data on startups and their technology stack, solutions, and go-to-market strategies.”
Ekaterina Almasque, General Partner at OpenOcean said: “The announcement of the UK’s re-entry into the Horizon programme is excellent news for the UK and wider European tech ecosystem. Research and Development (R&D) serve as the backbone of the UK tech economy, and prolonged uncertainty would have eroded confidence. In fields like quantum technology, where progress unfolds over decades, having a clear trajectory of funding is paramount to ensure innovation continues unhindered."
"This renewed commitment to Horizon is not only a positive for the spinout ecosystem, but also bolsters the entire tech sector, making it more attractive to investors to back the next market leader. Research and development serves as the backbone of the UK’s tech economy, and prolonged uncertainty would have eroded confidence. In fields like quantum technology, where progress unfolds over decades, having a clear trajectory of funding is paramount to ensure innovation continues unhindered”, explained our General Partner, Ekaterina Almasque, in TechCrunch.
With an expected 463 exabytes of data created every day globally by 2025, businesses are prioritising data at the core of their operations. CEOs are doubling down on data-driven organisations, with a recent survey showing that 83% of them want to do just that. Our GP, Tom Henriksson wrote an article on Digitalisation World discussing how European startups can seize the immense potential within the growing data economy.