Sonae Investment Management (Sonae IM), today announced that it has concluded an equity investment in Cellwize, a global leader in mobile network automation and orchestration. This funding will accelerate Cellwize’s growth and the expansion of its technology in automation and artificial intelligence, particularly towards supporting new 5G deployments.

Oriient, pioneers of high-performance indoor GPS, announced today the closing of $4m in seed funding from F2 Capital and innogy Innovation Hub, the accelerator and venture capital arm of innogy SE, a leading German energy company. The company also announced it is already working with the world’s largest retailers, as it scales to unlock the power of indoor navigation by delivering an experience similar to online search, to in-store shoppers.

Nivo, the Manchester-based instant messaging and identity verification platform, has announced the close of a £2m funding round from GP Bullhound, the Angel CoFund and a syndicate of angel investors. This funding will be used to accelerate growth and product innovation, cementing Nivo’s position as the fastest, safest way for financial services companies to sign up and service their customers.

Sure Ventures has made a direct investment of £500,000 in VividQ Limited, a UK-based deep tech software company pioneering the application of holography in AR/VR and consumer electronics display.

Workbooks, a British cloud-based Customer Relationship Management (CRM) and marketing automation vendor, today announces the arrival of Alex Bradley as head of Sales. Following strong company growth, Alex Bradley is the tenth person to join Workbooks in the past six months. These appointments reflect the company’s aim to build a world class organisation focussed on delivering cloud-based business applications to the mid-market that enable operations to be streamlined, insightful decisions to be made and productivity increased.

MUSO, the global authority on digital piracy data, has raised £3.5m in an extension to its £2.5m 2017 Series A with Harwell Capital. The investment will be used to expand the company's sales and marketing and increase its foothold in the digital media, gaming and live broadcast sectors.

Innovative medtech company Odin Vision is to scale up its pioneering cancer detection technology thanks to an investment round led by the UCL Technology Fund alongside London Co-Investment Fund (LCIF) and AI seed and grant funding from InnovateUK, the NHS and the UK Space Agency and European Space Agency. 

Edinburgh’s tech sector will go from strength to strength after a partnership between Informatics Ventures and the Data-Driven Innovation Initiative was announced at the annual international technology investor event, Engage Invest Exploit (EIE).

Imandra Inc, creator of the Imandra cloud-native automated reasoning engine, has completed a $5 million Seed investment led by AlbionVC, IQ Capital and LiveOak Venture Partners. The capital will be used towards further growth in financial services and fast-growing applications of their AI technology to autonomous vehicles, robotics and machine learning. Imandra democratises deep advances in symbolic AI for making algorithms safe, explainable and fair. Imandra’s “Reasoning as a Service ®” platform makes these techniques widely accessible to those without specialised background in these fields.

Kantox, a leader in FX management solutions for businesses, has just closed its second venture debt financing deal with Silicon Valley Bank (SVB), the bank of the world’s most innovative businesses, enterprises and their investors. 

The €5 million loan package is the second deal agreed between Kantox and SVB, with the first announced in December 2017. The new financing agreement underscores the appeal of Kantox’s growth story and SVB’s track record of investing in disruptive companies.

In 2016, Seonaidh MacDonald led his company mLED Ltd, a world leader in micro-displays for augmented and virtual reality products, through a successful trade sale to a US tech giant. A former EIE participant and now keynote speaker at this year’s event, Seonaidh shares his experience of how EIE contributed to mLED’s success and offers advice to companies pitching on 24 April in Edinburgh.

Newable, a leading provider of professional services, financial support and property space to UK businesses, has signed a