Molten, an enterprise cloud platform built from the ground up, has raised $7 million (€6m) in total seed funding, with investments from top Hollywood and tech luminaries as well as venture firms to help the company further develop its solution and operations. The seed round was led by Abstract Ventures; with participation from Ashton Kutcher, […]
Two years ago, French president Emmanuel Macron said he would create a Space Force. On October 12th, he backed up his promise with a €30 billion commitment for investment in France’s high-tech sectors. “We want to have Elon Musks in France,” he told an audience at the Elysée Palace. Macron said that Musk and his […]
Plume, the personalised communications services pioneer, has announced that it has closed $300 million (€259.6m) in a new round of minority equity investment led by SoftBank Vision Fund 2. This round brings the company’s valuation to $2.6 billion, with $697 million raised to date. The investment will continue to drive research and development, sales and […]
Channel 4 has announced that Spirit Studios is the latest independent production company to join its Indie Growth Fund. Spirit Studios, founded by Peter Cowley and Matt Campion, creates and distributes original unscripted and scripted programming, podcasts and branded content. Spirit also owns and operates a portfolio of digital and social media channels including the […]
Copenhagen-based digital marketing platform start-up Biites is launching in the UK, having completed its seed funding round with FirstPartyCapital, an operator-led fund that invests in digital media and marketing companies. Biites’ platform is specifically built with long form branded video in mind, giving owners of premium content a unique distribution channel that includes powerful tools […]
MadHive, the enterprise software platform, has agreed to a $100 million deal with SADA, the global business and technology consultancy, to expand its use of Google Cloud. A Google Cloud premier partner, SADA will assist with the integration as MadHive doubles its $50 million Google Cloud investment deal announced last year to support the company’s […]
Live video infrastructure platform 100ms has announced a $4.5 million (€3.8m) seed round of funding led by Accel with participation from Strive.vc. 100ms provides infrastructure that allows any company to add Zoom-style video conferencing inside their app within hours. It was founded by the team that built live video infrastructure powering billions of video minutes […]
The BBC World Service has published its performance review covering the period of 2016 – 2020. The review, set out in the 2016 Agreement with the Secretary of State for Department for Digital, Culture, Media and Sport (DCMS), examines how the BBC World Service has performed in three key areas: growing global reach, achieving quality […]
OpenVault, a source of SaaS-based revenue and network improvement solutions and data-driven insights for the broadband industry, has announced a strategic funding event that is intended to fuel the next stage of the company’s growth. OpenVault has secured significant funding from three existing customers – Service Electric Cablevision, Service Electric Cable TV & Communications, and […]
Edge cloud platform and open caching software and cloud solutions specialist Qwilt has confirmed a new round of funding from Cisco Investments. Qwilt will use the funds to accelerate its service provider edge cloud ambitions to build one of the world’s largest high-performing Content Delivery Networks (CDN) with global service providers. “This investment signals an […]