A number of very large deals, combined with a slightly lower volume of transactions, have lifted the average size of UK and Irish tech VC funding deals to just over £10m for the first time, according to the latest data from corporate finance firm, Ascendant. A total of £2.54b was invested in 254 companies in the sector by 331 investors during Q3 2019 with 72% of the deals involving more than one investor.
The latest edition of IndustryViews Venture Capital has more detail, along with nearly 40 pages of UK tech venture funding deals.
TechMarketView Foundation Service and UKHotViews Premium subscription clients can click on this link to download the report.
Posted by HotViews Editor at '08:53' - Tagged: funding startup
AWS ReInvent 2019 has been a fast-paced dive into Amazon Web Services’ most recent – and forthcoming – product releases. Today, CEO, Andy Jassy, used his impressive three-hour keynote to walk the audience through a whole raft of new releases – and he brought various high profile brands on stage to demonstrate just how AWS is helping its customers. Cerner’s CEO, for example, spoke about how it has reduced hospital re-admission rates for the largest care-giver in the US to the lowest level in a decade through preventative actions using Machine Learning (ML) services from AWS. The CEO of Goldman Sachs explained how AWS underpins the firm’s Marcus product, and Verizon’s CEO talked about how it will use AWS Wavelength –the platform for edge computing – on its 5G network.
Jassy strongly believes that AWS technology can give organisations access to transformative technology, and the value it can bring, more quickly and without the need for highly specialised (and scarce/expensive) developers/data experts. For example, he talked through a raft of SageMaker (its toolkit for ML modeling) announcements that bring further depth to the offering. Jassy argues that the only way to bring ML into an organisation in a meaningful way is to make it much more accessible to a much greater number of developers. More....
Posted by HotViews Editor at '05:23' - Tagged: cloud machinelearning EdgeComputing
Now the final total is confirmed, we want to say a huge THANK YOU to all the TechMarketView readers that supported TechMarketView’s RBC Race for the Kids for Great Ormond Street Hospital Children’s Charity (GOSH CC).
Thanks to your generosity the sum raised for the hospital was a staggering £6,575.21. As you’ll see from our letter of thanks from GOSH, this extraordinary hospital relies on support from donations. The money will help fund: wards and medical facilities designed around children to help with treatment; pioneering research to tackle complex childhood illnesses; advanced equipment for treating tough conditions; support services that make life in hospital as normal as possible.
Over the ten years that my son, Thomas, has been treated at the hospital we have benefited greatly. From the understanding that the whole family is affected; to the play specialists at hand to help through difficult procedures; to the wonderful staff that have made Sky Ward a home-from-home. We feel privileged to have experienced this wonderful place. Thanks to the TechMarketView team that ran the 5K around Hyde Park on a very wet Saturday, and all our supporters, more children will be given the same chance.
If you can spare a couple of minutes, a great way to show further support and make a child’s stay in GOSH at Christmas a little more bearable, is to send a Christmas Stocking message – the stockings are hung on the Wards. They really do help! Go ahead and Write a Christmas Message…..
THANK YOU!
Posted by Georgina O'Toole at '09:21' - Tagged: charity
Live now for TechMarketView clients is our latest Cloud and Infrastructure Services Market Trends and Forecasts research.
Accounting for almost 40% of the total UK IT Services, the Infrastructure Services market is set to see improvements over our forecast period. In spite of the steep declines in Heritage segment areas (e.g. some traditional data centre services), the market overall will see growth rates tick upwards. That is because consistent growth in New – and increasingly large – market areas (namely public and private cloud services, cloud brokerage, and multi-cloud/hybrid IT management) will begin to outstrip Heritage declines.
But this market is as complex as it is large. Digital Chaos is causing difficulties for buyers who know they must make a much more substantial financial commitment to the Infrastructure Services that will form the bedrock foundations for digitising the core of their organisation. Cloud platforms, supported by a very clear digital strategy, can become the “islands of stability” in this Digital Chaos; a way to deliver core Infrastructure Services in a transformative way, but also as a ‘gateway technology’ to new services based on Blockchain, AI and quantum computing, for example.
However, for an IT service brand to be truly synonymous with digital transformation, it must be able to make an unequivocal commitment to delivering business outcomes. Understanding and addressing core business problems is the critical entry point for suppliers who want to cultivate larger and much more extensive digital-based deals.
This report highlights the key trends in the Infrastructure Services market and makes suggestions for how suppliers can approach these in a successful way. It is essential reading for any supplier looking to understand their place – and evolve their position – in a market that is undoubtedly full of opportunity and challenge in equal measure.
TechMarketView clients can read the research here: Cloud and Infrastructure Services Market Trends and Forecasts 2019-2022.
For more information, please contact Deb Seth.
Posted by HotViews Editor at '22:04' - Tagged: cloud automation hybrid
After ten successive quarters where revenues at the top six Indian pure-plays grew faster than headcount, net linearity – the term we use representing the difference between revenue growth and headcount growth – has once again gone negative.
You can see more in this edition of OffshoreViews, along with our regular snapshots of the top-tier players and a round-up of the mid-tier scene.
Subscribers to the TechMarketView Foundation Service can download OffshoreViews Q3 2019 here.
Posted by HotViews Editor at '15:32' - Tagged: offshore
