Funding organisation wants to deliver £20 million to Welsh economy through AI

Innovation Point, which helps Welsh tech firms and entrepreneurs secure funding, wants to contribute £20 million to the Welsh economy by 2030. The Welsh Government-backed organisation said it plans to do this by helping Welsh innovators harness the potential offered by artificial intelligence technology. Based in Newport, it aims to connect Welsh technology businesses with private,...

Price comparison website doubles its team

Price comparison website Compare My Move is currently undergoing a recruitment drive in a bid to accelerate the growth of its products and services. The Cardiff-based company is looking to double the size of its internal team and has already created a network of 250 vetted professionals to help customers find the best property quotes. Named...

Winners of Wales Tech Awards 2018 announced

More than 400 hundred delegates attended the Welsh Technology Awards last week to celebrate the country’s brightest innovators. Ran by the ESTNet and opened by Secretary of State for Wales Alun Cairns, the event took place at Cardiff City Hall on May 3rd and was an opportunity to celebrate Welsh technology. The winners include firms such...

Cardiff-based software firm raises £3 million

Cardiff-based software firm DevOpGuys has raised £3 million of investment from the Business Growth Fund in a bid to accelerate business growth. Launched in 2013, the firm generates revenue in the millions annually and has contributed in excess of £14 million to the local economy through wages alone. Currently, it’s run by a team of 63...

Cardiff Business Awards 2018 to celebrate tech and innovation in Wales

The shortlist for the fourth ever Cardiff Business Awards has finally been unveiled, with a particular emphasis placed on technology and innovation. Aimed at celebrating the success stories of businesses and entrepreneurs working in Cardiff, the awards ceremony will take place on June 15th at City Hall. Kicking off at 6.30pm, the event is not only...

Sir Terry Matthews sells Mitel for $2 billion

Welsh technology entrepreneur Sir Terry Matthews has sold business communications firm Mitel to an investor group led by Searchlight Capital for $2 billion. Last week, Mitel announced it had signed an agreement with the venture capital firm, which will see its shareholders receive $11.15 per common share in cash. Once the transaction is completed, Mitel...

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