funding and investment

Universities need funding, but they also need a rethink of their role in society

There are good reasons to increase funding to higher education in Ireland, but increased rankings should not be one of them, writes Elaine Burke. “Academics all over the world should weep for the destruction of the concept of the university that has occurred in so many places, which has led to little less than the […]

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Irish IoT start-up Davra receives funding from European Space Agency

Davra was one of three Irish companies awarded a share of €1.5m in co-funding from the European Space Agency. Irish IoT start-up Davra was recently awarded funding from the European Space Agency (ESA) Centre for Earth Observation. The Dublin-based company secured 50pc co-funding for a €570,000 project to develop an integrated satellite and distributed ground

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Dublin infosec start-up founded by BT Young Scientist winner bags $3.2m

Led by 19-year-old Shane Curran, privacy infrastructure developer Evervault has just secured major funding led by Sequoia Capital. In 2017, Dubliner Shane Curran was named winner of the BT Young Scientist and Technology Exhibition (BTYSTE). Now, at the age of 19, the company he founded earlier this year has secured $3.2m in seed funding. Evervault,

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Ireland’s Brexit-proof electric lifeline gets €530m in EU backing

An EU grant of €530m will be put into the €1bn Celtic Interconnector project to link Ireland to Europe’s electric grids via an undersea network. Fears over a potential electricity crisis in a post-Brexit world have seen Ireland turn to its EU neighbours for assistance through the Celtic Interconnector project. The Government confirmed today (2

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Google reveals €3bn investment in European data centres

Google chief Sundar Pichai has said that the investment will support 13,000 full-time jobs a year in the European Union. Google’s top boss has said the tech giant is planning to invest €3bn to expand its data centres across Europe in the next two years. Chief executive Sundar Pichai said it will bring the company’s

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Syte’s AI-powered image recognition tech raises $21.5m to fund expansion

Syte has developed image recognition technology to help retailers stay competitive in the ‘fast-evolving’ e-commerce industry. On Monday (9 September), Tel Aviv-based Syte announced that it has raised $21.5m in its Series B funding round. The start-up, which has raised more than $30m to date, said the round was led by Viola Ventures, with investment from Storm

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Italian media brand Freeda raises $16m for UK expansion

Italian media company Freeda has plans to ramp up operations in English-speaking countries. Milan-based media brand Freeda has raised $16m in Series B funding. The round was led by Alven, with participation from investor club U-Start. Endeavor Catalyst and UniCredit were also new investors in the company. Freeda is an Italian media brand. It was

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Clio raises $250m to expand operations from Dublin headquarters

The company will use the financing to amplify efforts to support access to legal services across Europe. On Wednesday (4 September), Canadian legal technology company Clio announced that it has closed a $250m (USD) funding round. The company, which has EMEA headquarters located in Dublin 8, raised what it calls “one of the largest private

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