Investment stories - Page 30

Beyond Limits, an AI technology company, has raised $133m to drive global expansion, with investments from Group 42 and bp ventures.

Businesses worldwide have increased their IT spend this year due to the COVID-19 pandemic, leading to new concerns around IT budgets and cost control.

PPRO, the local payments platform-as-a-service provider, has announced an 85% volume growth and new investment from Sprints and Citi.

Stax, the cloud automation platform, plans global expansion despite the economic downturn, with managing director Mike Middaugh leading the investment strategy.

Despite the COVID-19 pandemic, over 30% of Australian and New Zealand businesses plan to increase budgets for AI in 2020, says IDC report.

Tech Data plans to invest USD $750 million in digital transformation over five years, following its acquisition by Apollo Global Management.

Alibaba Cloud plans to invest US$283m to support partners in joint innovations and digitalisation capabilities.

Alibaba Cloud is investing USD $283 million to speed up global partner innovation, aiming to boost digitalisation and create joint products for diverse sectors.

Focusing on returns, rather than adopting AI for its own sake, will drive the emergence of rapid AI ROI throughout the rest of 2020.

Data scientists spend just 12% of their time delivering insights, according to IDC. Silos and admin tasks are to blame.

Razer commits USD $50 million to aid business partners hit by COVID-19. The funds will be distributed via Razer Gold, Razer Fintech, and ZVentures.

Macquarie has acquired an 88% stake in AirTrunk, valuing the hyperscale data center provider at over A$3bn ($2.2bn).

The US and China see total investment values drop year-on-year, but the UK records a rise in investment into British tech companies.

Snowflake's valuation has surged to USD $12.4 billion after new funding and a strategic partnership with Salesforce, poised to solidify its market dominance.

The Philippines is emerging as a hotspot for ICT investment, with approved foreign investments hitting USD $4.7 billion, marking a 613% surge.

CIOs confront SD-WAN maze, with Silver Peak's VP spotlighting trust and tech integration in strategic choices.

The pharmaceutical industry is looking towards big data, blockchain, cloud computing and cybersecurity as its four major investment areas.

The funding will be used to accelerate Cin7's global growth strategy through product innovation, sales expansion and continued investment in customer success.

Hong Kong may well be leading the world in social responsibility, following efforts to create the country's first listed social responsibility index.

Investors have signalled a shift away from fintech ventures as fundraising and deal activity in China showed a significant slowdown in the first half of 2019.