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7 start-ups shaking up data and cybersecurity in the new normal
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Secondmind Board Appoints Gary Brotman as new CEO
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The uphill battle to create a British tech titan
The Government is desperate for a British Big Tech contender, but experts have warned them not to scare off foreign investment
Snap, the parent organisation of Snapchat, recently acquired augmented reality (AR) start-up WaveOptics for $500m
Credit: Snap
When Snapchat s parent Snap announced that it would acquire Oxford augmented reality (AR) start-up WaveOptics for $500m (£352m), investors rejoiced.
“It’s an amazing story, especially for UK deep tech,” says investor Simon King from Octopus Ventures, a backer of the company who sits on its board.
Just an hour after the deal was signed, however, the potential perils of selling out to deep-pocketed US tech giants came into sharp focus.
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PARIS, May 13, 2021 /PRNewswire/ Cryptosense, a cryptography lifecycle management platform, today announced a $4.8 million funding round led by Amadeus Capital Partners with participation from BGV and Elaia Partners. Organizations that trust Cryptosense to secure their cryptography include one of the two largest global software companies, two of the three largest credit card providers, and multiple global government agencies. The funds will be used to hire senior-level staff across the product and engineering teams, develop the company s partner program, and further expand the company s operations across the U.S. We ve seen countless attacks on the world s largest corporations that resulted in hundreds of millions of dollars in financial loss in recent years. Much of that data should have been protected by encryption, but it wasn t, usually because of problems related to cryptography management, said Graham Steel, Cryptosense co-founder
Peter Thiel among Kreditech Series C backers Peter Thiel
PayPal Co-Founder Peter Thiel is among the backers of German consumer fintech company Kreditech’s Series C round which was announced this week.
Mr. Thiel’s initial involvement was as a bridge funder earlier this year, where he was joined by Amadeus Capital Partners. Both saw their interest converted into Series C equity.
The Series C was lead by J.C. Flowers & Co. Existing shareholders Värde Partners, HPE Growth Capital and Blumberg Capital also participated in the round.
Kreditech is in advanced discussions for a final closing that could increase the Series C round to over EUR 100 million.
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