External news

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Implementing automation? Plan for the long-term

In 2022, I had the privilege of chairing an OpenOcean roundtable on automation with a robust line-up of leading thinkers and business leaders. One of the central takeaways from the event was that stories of automation and AI’s failure are very often the result of the same mistakes in implementation being made repeatedly. However, there are a few key areas that organizations need to focus on to ensure they can avoid these common pitfalls and introduce automation successfully.

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UK tech sector now worth $1 trillion

The UK becomes the first country apart from the US and China whose tech sector is worth more than a trillion dollars.

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Cloud relational database company MariaDB lands on New York Stock Exchange

Ireland/California-based cloud database company MariaDB has finalised its public listing on the New York Stock Exchange through its merger with the SPAC vehicle Angel Pond Holdings, to be renamed MariaDB.

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63% of business leaders believe commercialised quantum computing to hit the market in five years

Report shows that 91% of business leaders surveyed are already investing or planning to invest in quantum computing. 61% of business leaders are planning to invest $1 million or more into quantum over the next three years.

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Meet the Slovenian fitness tracker that won the Apple Watch ‘App of the Year’ award

Amongst the 2022 Apple Store Awards winners, Gentler Streak emerged as the Apple Watch App of the year. For those of you who haven’t heard of it, the app — designed for iPhone and Apple Watch use — is a workout and fitness tracker that comes with a twist: a self-compassionate approach to exercise.

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63% of business leaders believe commercialised quantum computing to hit the market in five years

Report shows that 91% of business leaders surveyed are already investing or planning to invest in quantum computing. 61% of business leaders are planning to invest $1 million or more into quantum over the next three years.

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91% business leaders are planning to invest in quantum computing, report reveals

OpenOcean, a European venture capital firm, IQM Quantum Computers, a European leader in quantum computers, and Lakestar, a European technology investor, have released the OpenOcean–IQM-Lakestar State of Quantum 2022 Report, in association with The Quantum Insider (TQI).

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Quantum computing high on the enterprise agenda – study

Business leaders expect to see commercialised quantum computing within the next five years, a new study has revealed, with 61% of those responding saying they plan to invest $1m or more in the technology within the next three years and 10% planning to pump more than $20m into quantum resources.

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How Entrepreneurs Would Spend An Extra Hour Each Day

In the early stages of entrepreneurship, time can feel tight. With all the setting up, meeting new people, finding product-market fit and establishing a client base, there can feel like there simply aren’t enough hours in the day. This phase, with all its busyness and figuring out, is arguably the most glorious. The most self-aware entrepreneurs will know which aspects of what they are doing are making the most difference. If they were gifted one additional hour, therefore, the decision on where to spend it would be obvious.

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LatticeFlow raises $12M to eliminate computer vision blind spots

LatticeFlow, a startup that was spun out of Zurich’s ETH in 2020, helps machine learning teams improve their AI vision models by automatically diagnosing issues and improving both the data and the models themselves. The company today announced that it has raised a $12 million Series A funding round led by Atlantic Bridge and OpenOcean, with participation from FPV Ventures.

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OpenOcean updates its interactive market map for automation, adding 600+ companies

Early-stage venture capital firm OpenOcean returns with an updated version of its interactive market map for automation, adding some 600+ companies.

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Quantum hype accusations: the industry hits back

Significant challenges remain, but quantum computing is advancing faster than its classical counterpart.

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Letter: Quantum computing is where petrol cars were in early 1900s

"Quantum computing today is where combustion-powered automobiles were in the early 1900s. And the stage is set for the next Ford. The gamechanger will be the firm that can bridge the gap between the cutting-edge quantum hardware and the software in development."

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How smaller businesses can stave off the job loss epidemic

SMBs need to move beyond buzzwords and start to plan for the future

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Exclusive Interview With Patrik Backman, General Partner, OpenOcean

Analytics Insight has engaged in an exclusive interview with Patrick Backman, General Partner, OpenOcean.

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A New Category of Digital Forensics? Enterprise Forensics from Binalyze

Binalyze Secures $10 Million in Seed Funding to Develop its Real-Time Enterprise Forensics Platform

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Five companies bidding for supremacy

The biggest fundings rounds for quantum computing start-ups in 2022

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Startup Funding: July 2022

Massive rounds for batteries and quantum computing; 106 startups raised $4 billion.

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Sustainability, Investor Perspective. Recap of #TechChill2022

Nina Gunell, Investment Associate at OpenOcean shared her thoughts on sustainability and profitability – and how companies with better sustainability practices also have better operational performance and lower risk.

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Four ways towards automation project management succes

Tom Henriksson, general partner at OpenOcean, identifies four ways in which automation experts have achieved project management success.

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Letters: Trusting me, trusting VC

OpenOcean's General Partner Tom Henriksson shared his thoughts about building truly successful VC-founder relationships with City AM.

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Report: Irish VC investment stayed stable despite decline in deals

Tom Henriksson, GP at OpenOcean, shared his thoughts on Europe’s startup scene's positive growth and opportunities with the Silicon Republic.

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Finnish software startup raises $3M Series A round

Workfellow, the software product company with the first plug-and-play tool that provides a holistic view of the impact of digital transformation on team work, today announced that it has raised 3.12 million USD in its Series A funding round. The investment will support Workfellow’s growth by ramping up its product and commercial operation.

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Finnish software Workfellow raises $3M in Series A

Finland-based startup Workfellow that develops an AI-powered task mining software that identifies company-wide manual business activities, and recommends digital solutions, has announced the completion of a $3 million Series A round, ArcticStartup reports.

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Workfellow announces close of Series A funding round of $3.12m

Workfellow, the software product company with the first plug-and-play tool that provides a holistic view of the impact of digital transformation on team work, today announced that it has raised $3.12m in its Series A funding round. The investment will support Workfellow’s growth by ramping up its product and commercial operation.

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Workfellow announces close of Series A funding round of $3.12 million

Workfellow, the software product company with the first plug-and-play tool that provides a holistic view of the impact of digital transformation on team work, has announced that it has raised $3.12 million in its Series A funding round.

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Workfellow announces close of Series A funding round of $3.12 million

Workfellow, the software program product firm with the primary plug-and-play software that gives a holistic view of the impression of digital transformation on workforce work, has introduced that it has raised $3.12 million in its Collection A funding spherical.

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What is the formula for a great founder-VC relationship?

Ekaterina Almasque, General Partner at OpenOcean shares her thoughts on the key traits for a successful Founder-VC relationship.

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UK Fintech News Round-up: The Latest Stories 19/01

Tom Henriksson, General Partner at OpenOcean, said: “London’s raising of $25.5bn in funding over the past year is indicative of how quickly the United Kingdom, and Europe, are becoming eminent players within global technology. London is now a magnet for investment as it currently holds a total number of 75 “unicorns”. Its strong foundations and diverse mix of talents ensure that investment will continue to pour in at a rapid scale.”

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Frankfurt-based Operations1 raises €11.1 million for its software that manages operations and connects workers

Operations1, the cloud software company for adaptive employee-led production processes, has just announced a new €11.1 million funding boost. The investment which was led by OpenOcean will scale the solution that is enabling manufacturers to analyse and optimise work and processes, freeing up teams to focus on more complex and innovative activities.

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Operations1 secures $12.5 million in Series A funding round

Operations1, the cloud software company for adaptive employee-led production processes, recently announced it has raised $12.5 million in its Series A funding round. The investment, which was led by OpenOcean, a European venture capital firm, will support Operations1 to double its team size, expand internationally, and invest further in product development.

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The five key components to a successful founder - VC relationship

Investment from a VC fund is fundamental for many start-ups. However, even with this added financial support, not all businesses are successful. Article by Ekaterina Almasque, General Partner at OpenOcean.

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Speed is of the essence as cybersecurity startup Binalyze raises $10 million

With cybercrime statistics causing enterprises to jump faster than a cat on a hot tin roof, equally, we’ve seen a number of startups springing to their defenses. And so is the case with Estonia’s entry, Binalyze.

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Binalyze secures $10 million funding for forensics platform

Binalyze, the Enterprise Forensics platform which enables enterprises to respond faster and more effectively to cyber threats, today announced it has raised $10 million in its Seed funding round.

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Tallinn-based Binalyze lands €9.1 million to develop its real-time enterprise forensics platform

Enterprise forensics platform Binalyze has just raised €9.1 million in its mission to enable companies to respond more efficiently to cyber threats. The funding was led by OpenOcean with participation from Earlybird Digital East which led Binalyze’s pre-seed round last year.

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Tallinn-based Binalyze lands €8.7 million to develop its real-time enterprise forensics platform

Enterprise forensics platform Binalyze has just raised €8.7 million in its mission to enable companies to respond more efficiently to cyber threats. The funding was led by OpenOcean with participation from Earlybird Digital East which led Binalyze’s pre-seed round last year.

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The Briefing: Amazon, Snap Soar On Earnings, Arcellx Prices IPO, And More

Crunchbase News

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Estonian cybersecurity startup Binalyze raises USD 10 million in Seed round

Estonia-based Binalyze, a cybersecurity startup developing digital forensic tools for enterprises to better understand cyber breaches and respond effectively, raised USD 10 million on 4th February 2022.

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Made in emerging Europe: Binalyze, Workee, Humans.ai

Emerging Europe brings a round-up of the region’s start-ups that recently closed financing rounds, sealed partnerships, or dropped new innovations.

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Enterprise forensics platform Binalyze lands €8.7M

OpenOcean has led an €8.7 million investment in Binalyze, with participation from Earlybird Digital East. The Estonian startup offers digital forensic tools to help companies conduct incident response investigations. The funds will be used for product development and its international expansion in Europe and the US.

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Kohtuekspertiisi platvormi loov Binalyze kaasas kopsaka summa

2018. aastal asutatud ja ettevõtetele mõeldud kohtuekspertiisi platvorm Binalyze kaasas hiljuti 9,1 miljonit eurot, et aidata firmadel küberohtudele tõhusamalt reageerida. Rahastusringi juhtisid Open Ocean ja Earlybird Digital, kes võttis eelmisel aastal osa ka Binalyze’i eelseemnevoorust.

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This Week in Fintech: TFT Bi-Weekly News Roundup 08/02

Binalyze secures $10.4million in seed funding to develop its real-time enterprise forensics platform. The investment will also accelerate Binalyze’s expansion in the US, Europe, and other key global markets. The investment, led by OpenOcean, brings total funding to date to $11.7million.

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The 50 hottest Fintech funding rounds last week

Binalyze, an enterprise forensics platform that arms clients against cyber threats, has bagged $10m in its seed funding round.

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“We need to concentrate on support at every stage of young women’s lives”: Interview with Ekaterina Almasque, General Partner at OpenOcean VC

EU-Startups caught up with Ekaterina to talk about her impressive career, the Invest in Women NOW project, and how we can increase diversity in VC.

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Small country, big innovations: 10 startups from Estonia taking on the world in 2022

Estonia is termed Europe’s most entrepreneurial country by the World Economic Forum. Living up to this name, the country is home to popular companies including Skype, Wise, Bolt and Pipedrive.

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Letters: Sayonaro, Silicon Valley

Hazlewoods’s research sent a clear message to readers: start-ups are the beating heart of the UK economy. Unsurprisingly, Hazlewoods found startups make up a quarter of all high-growth firms.

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Soonicorn Club 2022: Top Tech Startups In Finland

‘Soonicorn Club of Finland Tech 2022’– an exclusive list of the most promising Finland tech startups that have also reached significant valuation milestones over the previous few years.

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Report: Irish VC investment stayed stable despite decline in deals

Venture capital (VC) investment was relatively busy in Ireland during the first quarter of 2022, according to KPMG’s latest quarterly Venture Pulse report.

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Letters: Trusting me, trusting VC

Pitchbook’s analysis reveals one thing very clearly: VCs in the UK are full steam ahead in 2022. VCs in Britain and Ireland have committed nearly £7bn in the last few months, nearly a third of total European investment. The world of venture capital moves fast. A flurry of investment draws eyes, and eager entrepreneurs.

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Tech investors remain bullish despite market slump

Tech investors remain optimistic about the future despite market meltdowns. Some even suggest it could benefit the industry in the long run. However, they urge startups to prepare for leaner times.

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4 focus areas for RPA success in business

An opinion piece by tom Henriksson, the general partner of OpenOcean, an early stage VC firm.

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Analysing the role and importance of women as cheque writers and start-up founders

IDC European Women in Venture Capital Report

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Strong Network raises €5.1 million to curb data theft

The Swiss startup’s Virtual Workspace Infrastructure enables companies to protect against the ever-growing threat of source code, data and credential theft.

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Strong Network bags €5.1m to spearhead global expansion

Strong Network has raised €5.1m (£4.2m) in a funding round led by OpenOcean and joined by Wingman Ventures.

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Swiss startup Strong Network aims for global expansion with €5.1m war chest

The SaaS company will focus the funds on accelerating the European and American roll-out of its software.

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Top early-stage investors in the Nordics

The Nordics has one of the most active startup ecosystems in Europe, with some of the continent’s most successful startups — including the likes of Klarna, Pleo, Aiven, and Oda — and 15 more unicorns.

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Edge computing advance as Sunlight launches Project Rosie

Cambridge edge infrastructure company Sunlight.io has announced support for the NVIDIA Jetson™ edge AI platform, and the Lenovo SE70, with the launch of its beta program — ‘Project Rosie.’

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The tech sell-off is not all bad news for economic developers

A dose of rationality is a good thing as the tech industry and its jobs are going nowhere.

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Finland: The Next Tech Hub?

In a country with less than six million people, Finland has become the home to a handful of unicorns and host to a thriving technology ecosystem.

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Finland’s IQM Quantum Computers bags €128M from World Fund, others; aims to tackle climate change

Espoo-based IQM Quantum Computers, a quantum computing company, announced on Friday that it has raised €128M in a Series A2 round of funding led by World Fund.

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IQM takes quantum leap with €128 million to combat climate crisis

The Finnish startup, building superconducting quantum computers for HPC centres, research institutes and businesses, will use the funding to expand international business and accelerate product development.

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Building next-gen quantum computers to tackle climate crisis, IQM computes €128M funding

Finnish startup IQM Quantum Computers, which is developing a next-generation of superconducting quantum computers, has scooped €128 million in Series A2 funding.

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Quantum startup raises €128m to help combat climate crisis

European quantum computing startup IQM has raised €128m in funding to help combat the global climate crisis.