Funding stories - Page 2

A new ADAPT survey reveals that 65% of Australian CISOs lack resources to manage rising cybersecurity risks as AI adoption accelerates.

Singapore's Supermom has raised SGD $18 million in a series B funding round led by Granite Asia, aiming to enhance AI capabilities and expand internationally.

Alimetry has secured $18 million in oversubscribed funding to advance its FDA-approved wearable device for gut health monitoring and diagnosis.

Concentric AI has raised USD $45 million in Series B funding, significantly boosting its position in the growing Data Security Posture Management market.

Nick Hoar joins Volution as Senior Partner, bringing over 30 years of asset management experience to bolster the firm's global expansion efforts.

ScaleWise has acquired Pug & Bear to combat declining UK startup graduation rates from Seed to Series A funding, which dropped from 12.5% to 4.5%.

Diamond Logistics has secured a GBP £1 million loan from Frontier Development Capital to enhance its national network and empower small businesses.

DNAiTECH, based in Marlborough, has secured NZD $1 million in funding to develop innovative instant diagnostic tests for humans and animals.

Simplismart has raised USD $7m in funding led by Accel to advance its AI deployment capabilities, unveiling a cutting-edge inference engine for enterprises.

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.

New Zealand's challenger bank Emerge has raised USD $12 million in Series A funding to enhance its digital banking services for local businesses.

N4L has forged long-term partnerships with Palo Alto Networks and 2degrees to enhance Managed Network services for New Zealand schools, starting March 2025.

Blackpanda raises USD $6.7 million to boost its cyber emergency services across Asia, enhancing its IR-1 solution and scaling operations.

LiquidStack secures $20 million from Tiger Global, boosting Series B funding to $35 million. Funds to enhance manufacturing, R&D, and expand cooling solutions for AI-driven data centres.

ADAPT's 2024 survey reveals Australian firms shift cloud modernisation priorities due to economic pressures, AI adoption, and mounting technical debt challenges.

Bugcrowd partners with Cyber Vigilance to tackle UK cybersecurity skills shortage, leveraging Bugcrowd's hacker community for enhanced security services.

EasyDMARC secures USD $20 million in Series A funding led by Radian Capital to bolster global operations and enhance email security technology amid rising phishing threats.

Purple Transform raises GBP £4.5 million to expand AI data analytics in the West Midlands, led by Mercia Ventures. The funding will support new sectors and job creation.

CrowdStrike, AWS, and NVIDIA team up for the second Cybersecurity Startup Accelerator, offering funding, mentorship, and up to USD $25,000 in AWS credits.

Directo, a Melbourne-based B2B pharmacy marketplace, has raised AUD $2 million from sophisticated investors to support its ambitious expansion and growth plans.