Capital stories

Elevate NZ Venture Fund commits $10 million to Pacific Channel’s Fund III to boost deep-tech startups and expand investment in New Zealand’s innovation sector.

Weebit Nano has struck a significant licensing deal with onsemi, integrating its ReRAM technology into the latter's Treo platform, marking a major milestone.

Patients Know Best has raised GBP £6 million in funding from Growth Lending to enhance its Personal Health Record platform, supporting NHS digitalisation efforts.

SandboxAQ has secured over $300 million in funding, bringing its pre-money valuation to $5.3 billion as it advances in AI and quantum technology.

Tioex has made strategic investments in OpenAI and Databricks, acquiring shares worth USD $2 million as it focuses on accessible AI opportunities.

RobobAI, an Australian fintech, launches an AI platform to optimise enterprise working capital and enhance B2B payment systems amid economic uncertainty.

Growth Lending and Aros Kapital have joined forces to provide GBP£1 billion in loans to UK SMEs over the next 5 to 6 years, targeting various sectors.

LiquidStack has secured a $20 million boost from Tiger Global in its Series B funding, raising the total to $35 million to enhance cooling solutions.

AI is helping small businesses in New Zealand tackle productivity issues, crucial amid tough economic conditions, by automating tasks and optimising workflows.

Contrarian advice for tech founders: avoid early capital raising, don't aim for unicorn status, embrace unscalable tasks, and ignore early awards.

Siemens introduces NX X, a game-changing cloud-based engineering solution with new AI, immersive, and electro-mechanical tools, enhancing the Siemens Xcelerator portfolio.

NZTech unveils a report outlining the crucial role technology may have in cutting emissions and promoting environmental sustainability.

IWD 2024 puts spotlight on the need for greater investment and inclusion of women in the tech sector, particularly in the historically male-dominated world of open-source.

Former Hiscox executive, Jodi Cartwright, joins fintech firm Tint Financial Services as Chief Commercial Officer, aiming to enhance cross-border trading for SMEs.

ASB bank launches Clean Tech Fund to financially back New Zealand's green technology start-ups with up to $5m each.

Celonis leaders predict pivotal role of Process Mining technology in transforming businesses for increased efficiency by 2024.

Vast Data secures triple-digit million-dollar funding, boosting its valuation and potential to shake up the AI data stack industry.

London-based VAST Data's valuation soars to $9.1bn following a successful $118m Series E funding round.

OpenUK's 'Skills or Bust' report highlights potential for economic growth through open source skills in the UK.

Adyen launches 'Capital' in Australia, addressing financial hurdles faced by small and medium-sized businesses.