News

Sifted

Germany — and particularly Munich — has been a hotspot for robotics, aerospace and defence in recent years. But startups in the region are facing challenges.

Forbes

Government support for Quantum remains vital. According to a report - The State of Quantum 2024 - by IQM, Lakestar and OpenOcean, VC investment in the sector almost halved to $1.2 billion globally in 2023, but this was made up for by renewed public support.

Forbes

"According to early-stage Venture Capital firm OpenOcean, the government’s support of individual AI projects in real-world situations at least provides an opportunity to ensure that funding is spread across the U.K. as a whole, and not just in the familiar centers of London, Oxford, Cambridge and Bristol."

Forbes

In a statement responding to the government's statement of intent, OpenOcean urged the continuation of a light-touch approach to startups but acknowledged the need for regulation - and the possible benefits.

The Stack

Naureen Zahid, Director of Investor Relations at OpenOcean commented on the UK market dynamics, which is prompting a growing number of firms to consider listing in the US.

Yahoo

Chancellor Rachel Reeves will launch a national wealth fund with £7.3bn of state funding in a race to “unlock investment” in UK growth industries. OpenOcean commented on the story.

BBC

OpenOcean's Investment Associate Sri Ayangar was featured on the BBC News today! Sri shared his insights on 'AI washing', such as how competition for funding and the desire to appear on the cutting edge have pushed some such companies to overstate their AI capabilities.

The Register

Patrik Backman, general partner at OpenOcean, said of Grok-1 being released: "For once, Elon Musk is putting his principles into action. If you sue OpenAI for transforming into a profit-driven organization, you must be prepared to adhere to the same ideals."

CityAM

"The City’s resilience has been tested many times over. With decisive reform that delivers meaningful improvements to listing standards, London can adapt to the needs of changing times while upholding the highest principles of good governance that make it world-leading."

Startup Reporter

OpenOcean, a prominent European software and deep technology Venture Capital (VC) firm, has revealed thirteen nascent unicorns, denoting companies with a valuation soaring beyond the illustrious $1 billion mark. This unveiling comes as a part of OpenOcean’s 2023 Automation Market Map, a comprehensive compass designed to illuminate the intricate terrain of the enterprise automation software realm.

Tech.eu

Helsinki and London-based VC firm OpenOcean has updated its automation market map, adding over 100 companies from the year prior. The firm curates a collection of over 810 automation companies, each valued at over $100 million, but also includes a number of early-stage startups that they deem most promising, all with the aim of enhancing the understanding of the enterprise automation software sector.

Silicon Republic

For the past number of years, Ekaterina Almasque has dedicated herself to advocating for women in the venture capital industry. She is a co-founder of European Women in VC, an advocacy group she helped set up with a group of women who were equally frustrated with the blocks preventing talented women from breaking into the scene.

Sifted

Germany — and particularly Munich — has been a hotspot for robotics, aerospace and defence in recent years. But startups in the region are facing challenges.

Forbes

Government support for Quantum remains vital. According to a report - The State of Quantum 2024 - by IQM, Lakestar and OpenOcean, VC investment in the sector almost halved to $1.2 billion globally in 2023, but this was made up for by renewed public support.

Forbes

"According to early-stage Venture Capital firm OpenOcean, the government’s support of individual AI projects in real-world situations at least provides an opportunity to ensure that funding is spread across the U.K. as a whole, and not just in the familiar centers of London, Oxford, Cambridge and Bristol."

Forbes

In a statement responding to the government's statement of intent, OpenOcean urged the continuation of a light-touch approach to startups but acknowledged the need for regulation - and the possible benefits.

The Stack

Naureen Zahid, Director of Investor Relations at OpenOcean commented on the UK market dynamics, which is prompting a growing number of firms to consider listing in the US.

Yahoo

Chancellor Rachel Reeves will launch a national wealth fund with £7.3bn of state funding in a race to “unlock investment” in UK growth industries. OpenOcean commented on the story.

BBC

OpenOcean's Investment Associate Sri Ayangar was featured on the BBC News today! Sri shared his insights on 'AI washing', such as how competition for funding and the desire to appear on the cutting edge have pushed some such companies to overstate their AI capabilities.

The Register

Patrik Backman, general partner at OpenOcean, said of Grok-1 being released: "For once, Elon Musk is putting his principles into action. If you sue OpenAI for transforming into a profit-driven organization, you must be prepared to adhere to the same ideals."

CityAM

"The City’s resilience has been tested many times over. With decisive reform that delivers meaningful improvements to listing standards, London can adapt to the needs of changing times while upholding the highest principles of good governance that make it world-leading."

Startup Reporter

OpenOcean, a prominent European software and deep technology Venture Capital (VC) firm, has revealed thirteen nascent unicorns, denoting companies with a valuation soaring beyond the illustrious $1 billion mark. This unveiling comes as a part of OpenOcean’s 2023 Automation Market Map, a comprehensive compass designed to illuminate the intricate terrain of the enterprise automation software realm.

Tech.eu

Helsinki and London-based VC firm OpenOcean has updated its automation market map, adding over 100 companies from the year prior. The firm curates a collection of over 810 automation companies, each valued at over $100 million, but also includes a number of early-stage startups that they deem most promising, all with the aim of enhancing the understanding of the enterprise automation software sector.

Silicon Republic

For the past number of years, Ekaterina Almasque has dedicated herself to advocating for women in the venture capital industry. She is a co-founder of European Women in VC, an advocacy group she helped set up with a group of women who were equally frustrated with the blocks preventing talented women from breaking into the scene.