Articles about startup

MoD tech creche launch panel. Features Def Sec Michael Fallon and Gen Sir Gordon Messenger RM, Vice-Chief of the Defence Staff

It's here! Defence Secretary launches £800m MoD tech creche

Defence secretary Michael Fallon confirmed the launch of the Ministry of Defence's £800m innovation fund this morning at a speech in a Spitalfields back alley. Announced back in July, the tech creche will concentrate on getting the UK's technology industries to start putting their inventions and ideas forward to “Defence”, …
Gareth Corfield, 16 Sep 2016
Woman hands credit card to robot while chatting on her mobile phone. Photo by Shutterstock

British mobile AI 'bot perfecter stalked by Silicon Valley – report

British AI startup, Weave.ai, is the latest company rumoured to be snatched up by a US tech firm in Silicon Valley, according to the Financial Times. Weave.ai was founded last year and has four AI engineers working in North Greenwich. The team are developing WeaveOS, an “AI-first” operating system (OS) for mobile phones. Co- …
Katyanna Quach, 15 Sep 2016

You're guilty but broke, judge tells Wash.io – the 'Uber of laundry'

A judge in San Francisco has rejected a settlement between startup poster child Wash.io and angry former employees – because the company can't afford it. Despite having received $16m in funding and at one point being valued at $60m, the so-called "Uber of laundry" is unable to pay the $450,000 it agreed to after being sued by …

Cambridge University controlled tech startup fund raises £75m

Cambridge Innovation Capital, an investment fund which commercialises science and technology advances made at Cambridge University, has raised £75m in a funding round. The Financial Times reports that CIC was formed by the university in 2013, with its initial £50m investment coming from processor bods ARM and investment firm …
Gareth Corfield, 19 Aug 2016
Baby on a computer. Photo by Shutterstock

UK govt to launch a tech creche for military-focused startups

The UK's Ministry of Defence is to launch a “defence and security accelerator” for startups dabbling in so-called “miltech”. A helpful MoD press release explained that the creche will be “an innovation hub that will accelerate ideas from conception through to application, against challenges that seek to maintain military …
Gareth Corfield, 29 Jul 2016

Successful fintech: UK has some, but it's not in Silicon Roundabout

Open up the business pages of any national newspaper and much of the coverage is focused on the latest fintech startup, the marvel that will transform the global financial system, backed – inevitably – by big name venture capital firms. But is this obsession with fintech deserved? A cool analysis of the phenomenon long term …
Marcus Gibson, 15 Jul 2016
Selection of Australian banknotes

BugCrowd's $15m fund win shows Oz infosec can score Series B: CEO

Bugcrowd chief executive officer Casey Ellis says its recent win of $15m in Series B investment is a signal that Australian startups can score big. The funding round is led by Blackbird Ventures with participants Rally Ventures, Costanoa Venture Capital and Paladin Capital Group, along with Industry Ventures and Salesforce …
Darren Pauli, 27 Apr 2016
Snow White and the Seven Dwarfs restored on Blu-ray

When to trust a startup: Does size count?

Sysadmin blog How big does a company have to be before we can trust them? Does company size or balance sheet even equate in any meaningful fashion to trustworthiness? What does trustworthiness mean in today's data center? I recently attended the SimpliVity Connect analyst shindig in Boston. Some grumpy analyst on the other end of the room …
Trevor Pott, 11 Apr 2016

New-economy poster child LivingSocial slashes staff amid another startup collapse

In a sign that the long-anticipated tech shakeout has begun in earnest, poster child for the new economy LivingSocial has announced it is slashing its workforce in half. At the same time, yet another food-delivery startup, SpoonRocket, has closed its doors and sold itself to competitor Sprig. The result, according to a Wall …
Kieren McCarthy, 16 Mar 2016
Mr Creosote prepares to gobble

Cisco licks lips, eyes UK's cyber, analytics and fin-tech startups

Acquisition-hungry network giant Cisco is looking to gobble a string of UK businesses this year – specifically in cyber, "fin-tech" and analytics, Tom Kneen, head of business development at Cisco UK has said. Speaking to The Register at Cisco Live in Berlin, Kneen said he "doesn't see acquisitions stopping" at the pace the …
Kat Hall, 18 Feb 2016
Soaring costs in San Fran. from www.shutterstock.com

How tech firms can drive growth without making inequality worse

For many cities, tech hubs have been a key to jump starting economic growth in the wake of the global financial crisis. In an era of uncertainty, tech-sector growth is proving to be a driving force for nations attempting to reach into the “next economy”. In the UK, for instance, the sector is – optimistically – predicted to …

Higher US Fed interest rates will hit startups over the head

The US Federal Reserve’s decision in December to increase the target range for the interest rate it pays banks by one-quarter of one per cent, to 0.25-0.5 per cent, didn't seem like an Earth-shaking event at the time. But it was the first time the world’s most powerful central bank had changed its rate target since 2008, and …
SA Mathieson, 15 Feb 2016

Celebrities fronting startups again? Now we're interested!

Move over Stephen Fry: a retired Australian rules footballer, motivational speaker and reality television contestant is fronting a startup. As pitched by the Australian Financial Review, Jason Akermanis (a famous-in-half-of-Australia athlete and Celebrity Apprentice contestant ) has become the face of “unbreakable” crypto …

This storage startup dedupes what to do what? How?

Sysadmin blog Two months ago hyper-converged infrastructure appliance startup SimpliVity sued its rival Springpath. I know next to nothing about the lawsuit – nor do I want to – but the whole thing has caused commentators and armchair analysts everywhere to ask what exactly SimpliVity does that is unique. I have spent the past two months …
Trevor Pott, 23 Nov 2015

NASA offers free access to its patents for startup entrepreneurs

Seemingly bored of rockets, NASA is launching its Startup program, in which it will license its technologies to entrepreneurs with no up-front payment. "The Startup NASA initiative addresses two common problems startups face: raising capital and securing intellectual property rights," stated the agency's release. The …
storage arrays superimposed on cloudy sky

Amazon putting London’s hipster startups in the loft

Amazon is to open a support centre for AWS users in London – the first of its kind outside the company's Seattle base. The purveyor of cloud and tat is to open a “Loft” – or tech support space to you and me – in East London in the September to support a number of tech startups. London is apparently the obvious choice to …
Kat Hall, 20 Aug 2015

Flashy upstarts facing IPO pressure. Get on with it then

Comment Conventional wisdom has it that VC-funded tech start-ups get acquired or, hopefully, go through an IPO to become successful stand-alone companies. However, such may not be the fate of the five main surviving all-flash array (AFA) vendors in the face of fast and furious mainstream supplier reaction to their success. Step back a …
Chris Mellor, 27 Feb 2015
Japanese phone pants

#VultureTRENDING: YESS! It's Pantsr, the Sharing Economy super app that delivers on the BOTTOM line

Get ready for the latest sharing-economy sensation! We here at #VultureTRENDING have exclusive details of the newest business firestorm set to hit the headlines - and the BOTTOM lines! Yes - it's Pantsr! In the same way that Uber has helped people to monetise their otherwise unused vehicles, Ploppr has helped them monetise …

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