Mambu, the SaaS banking engine powering modern digital financial services, has launched Mambu Process Orchestrator (MPO). 

Nosto, a leader in ecommerce personalization and artificial intelligence (AI) tools for retail, has raised USD $7.4 million led by European investment companies Tesi, Open Ocean and Idinvest. Nosto’s innovative retail personalization solutions have fueled a three-year growth rate of 260 percent in North America driven by deep relationships with 2,500 of the world’s fastest growing retail brands. To date, Nosto has raised more than $25 million from investors to further expand its leadership in artificial intelligence and deep learning for retail.

Durham County Council and Blaenau Gwent Borough Council have launched a call for technology businesses to develop innovative solutions that can capture and analyse data to transform Local Authority service delivery. Development funding is provided under the GovTech Catalyst Fund scheme and the competition opens for applications on 24 September.

Full competition documentation will only be available to applicants who register via Innovate UK’s website once the competition opens on 24 September. Further information can be found https://apply-for-innovation-funding.service.gov.uk/competition/245/overview.

Divido, the consumer finance platform for retailers, lenders and payment intermediaries, today announces a $15 million USD Series A raise led by Dawn Capital and DN Capital, with additional participation from Mastercard, American Express Ventures and previous investors. The Divido board has also appointed Renier Lemmens as chairman. Mr. Lemmens has previously served as Chief Executive Officer of PayPal EMEA and Chief Operating Officer of the International Retail & Commercial Banking Division of Barclays.

Talis Capital, a London-based venture capital firm focused on technology companies, has invested $2.5million into Learning People, the UK’s leading online training company, and SkillsFox, its B2B arm serving corporate training and development needs. 

As debate rages around how various UK business sectors might react in a post-Brexit world, Andrew Aldridge explains why - throughout the country - the tecnology sector stands out as an obvious area of expertise

Cambridge start-up AudioTelligence has developed the world’s first digital solution to the problem. The company has raised £3.1million from Cambridge Innovation Capital and Cambridge Enterprise to grow its team to meet the considerable demand for its technology, which, in addition to helping humans to hear and understand speakers in the presence of loud background noise, helps to improve the performance of voice recognition systems.

AudioTelligence CEO Ken Roberts explains that one of the major motivations in developing the technology was to overcome the ‘cocktail party problem’. This is a particular area of interest to Professor Peter Rayner who founded the Signal Processing and Communications Laboratory at the University of Cambridge.

UK-based privacy technology and data analytics company MyLife Digital has completed a new c.£6million funding round to support the international roll out of its innovative platform.  BGF has added £3 million of funding to its initial £2 million investment made in 2016, alongside a £2.7 million venture debt facility from Barclays to support MyLife Digital’s growth ambitions.

CoInvestor Technologies, has been selected to be part of Tech Nation’s inaugural Fintech programme this autumn.

The technology company digitising the management of alternative assets for advisers, fund managers and private investors was chosen following a rigorous selection process to meet Tech Nation’s criteria.

Finnish SaaS company Screenful has raised €305,000 in seed funding to help companies improve the efficiency and delivery of collaborative projects with their business intelligence dashboard. The funding round was led by Finnish venture capital company Gorilla Capital and the Arctic15 Funding Program consisting of a syndicated deal from 14 angel investors from FiBAN and the Nordic Angel Program.

Ahren has announced that over the Summer it completed the first close of its new fund, Ahren LP, with over $100 million committed from leading Limited Partners including blue-chip institutions Aviva and Wittington Investments and iconic West and East Coast US family offices.

Ahren’s investments focus on four domains that will create the future at the intersection of deep tech and deep science: the brain and artificial intelligence; genetics and platform technologies; space and robotics; the planet and efficient energy technology. Ahren is focused on building a new wave of billion-dollar companies that will change the world for the better. Its Founding Partners include an elite group of the most successful Cambridge University entrepreneurs and scientists whose inventions and technologies are today valued in excess of $100 billion combined.

Following its recent 'Silicon Fen' report looking at tech funding trends in Cambridge, Beauhurst has published its 'Silicon Spires' report into the tech funding scene in Oxford.