The latest in entrepreneurial technology news for Kiwis
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PPRO announces growth over COVID-19 and successful US$50m investment round
“Despite any challenges created by the pandemic, we’ve made great progress this year on our mission to turbocharge growth for our partners and their merchants. We’ve been able to make their expansion into new markets more lucrative.”
Stax invests in cloud's silver lining amid economic downturn
Even in the midst of a global economic downturn and inflation drops, now is the perfect time for investment.
A/NZ businesses still investing in AI, despite COVID-19
When it comes to Australia and New Zealand, new research has found that more than one half of enterprises implementing AI solutions say the deployments are enabling changes to their business models.
Energy sector leads turbulence across global economy
Exxon Mobil – the largest United States oil and gas company – suffered the hardest hit, losing a market cap of US$82.02 billion in the last six months.
Tech Data to invest $750 million in digital transformation initiatives
The investment will power Tech Data's strategy to accelerate innovation in ways that will deliver improved experiences and greater agility for businesses across the technology ecosystem.
US oil & energy providers hit by plunging market cap in 1H 2020
As the COVID-19 coronavirus pandemic continues to lead many market sectors into turbulence, the energy sector has not escaped unscathed.
Alibaba Cloud commits US$283M to aid partners in joint ventures
“The investment shows our commitment to help partners integrate their businesses with Alibaba Cloud, and together we will create more value for the global cloud industry.”
Alibaba Cloud to invest US$283 million to accelerate global partner innovation
The investment aims to bring its partners up to speed with digitalisation capabilities and create joint products and solutions to benefit more customers across all sectors.
Reach for the low-hanging fruit: How achieving a rapid ROI is becoming a leading AI trend
Focusing on returns, rather than adopting AI for its own sake, will drive the emergence of rapid AI ROI throughout the rest of 2020.
How to help your data scientists deliver better business value
Most people will describe someone who spends time extracting valuable insights from large volumes of information. While that definition is correct, unfortunately reality is rather different.
Healthcare IT is in dire need of investment, says NZ Health IT chief
“This isn’t about replacing people for robots, it’s about providing already fully stretched clinical and non-clinical staff with the tech tools they desperately need when looking after their patients."
Razer invests US$50M in business partners impacted by COVID-19
The company will utilise the Razer Gold, Razer Fintech and ZVentures in order to support businesses through economic difficulties brought on by nationwide lockdowns.
AirTrunk sets sights on APAC expansion, backed by fresh investment
"MIRA’s strong track record with infrastructure investments in APAC will provide valuable experience as AirTrunk consolidates and expands its Asia-Pacific presence.”
New investor partnership to unlock $6bn for NZ business
"We see this as a prime opportunity to fill the gap for established companies who need a broader range of funding options, especially when looking to expand their burgeoning businesses."
Revealed: Global trends in technology investment
The US and China see total investment values drop year-on-year, but the UK records a rise in investment into British tech companies.
Singapore security firm Right-Hand scores $1.4m seed funding
Right-Hand states that the seed round funds will be used to boost the company’s product roadmap development.
Data center construction looks towards liquid cooling power
Key trends in data center construction include efforts to reduce power consumption and carbon emissions, improve operations, and the deployment of liquid cooling to support AI and big data analytics.
Google Cloud to invest $10b in US presence in 2020
Google will invest more than $10 billion in its United States offices and data centers in 2020, Google CEO Sundar Pinchai declared last week.
NZ software company set to go global after securing $3.65 million
LawVu plans to set up offices in Australia and the US, as well as leverage business opportunities in other overseas markets.
Snowflake valuation skyrockets to $12.4 billion following strategic partnership with Salesforce
Cloud data platform Snowflake has announced additional growth funding to the tune of USD$479 million, co-led by new investors Dragoneer Investment Group and Salesforce Ventures.
Aussie sports startup announces aim to raise $750K
The company states it is seeking capital from investors to increase staff numbers and to round out its current platform suite which will enable the company to deliver a turnkey solution to sporting organisations across the globe.
How to steal $1 million by email: Check Point researchers detail million-dollar fraud against Chinese VC firm
A series of spoofed emails enabled a Hong Kong-based hacker to make off with a million dollars.
Philippines becoming key location for ICT investment
The Philippine Board of Investments (BOI) has noted a surge in approved foreign investments into the country, which will boost the Philippines economy over the next two to three years.
Kiwis adopting great savings habits but overestimating returns
As people get older, they are more likely to consider putting any savings into term deposits, rising from 28% of those under 30, to 57% of 50-64-year-olds, and 65% of those 65-plus.