Paul Sawers
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London’s not calling for Par Equity, as VC firm targets £100M at UK startups in the north
Paul Sawers - 0
Any conversation centered on the U.K. tech scene often has a strong center of gravity around the south of the country — to many, “the U.K.” and “London” may as well be the same thing.
A recent House of Commons Committee report on venture capital allocation pointed to “uneven...
Microsoft’s $68.7B Activision acquisition clears final hurdle as UK approves restructured deal
Paul Sawers - 0
It has been a long time coming, but Microsoft’s near-two year attempt to buy gaming giant Activision is finally happening, after the U.K.’s Competition and Markets Authority (CMA) accepted a restructured proposal that addresses the CMA’s concerns about Microsoft dominating the cloud gaming market.
The crux of Microsoft’s concession...
Microsoft says that it’s facing a hefty tax bill over historical accounting practices dating back nearly twenty years.
In a filing yesterday with the Securities and Exchange Commission (SEC), the company confirmed that the Internal Revenue Service (IRS) has arrived at a figure of $28.9 billion — plus penalties...
A new automation startup is setting out to eat Zapier’s lunch, formally launching to the public today after an extended period in beta.
Relay, as the company is called, touts itself as a workflow automation platform that helps people tackle mundane, repetitive tasks, going “beyond triggers and actions” popularized...
The U.K. care home sector was pegged as £7.7 billion market in 2021, according to most recent estimates, yet capacity is shrinking at a time when the average age of the general population continues to grow.
Throw into the mix a lack of transparency over pricing and service availability,...
Phalanx protects company data by automatically securing and tracking sensitive documents
Paul Sawers - 0
Data loss prevention (DLP) has emerged as a foundational strategy for businesses looking to prevent workers from inadvertently (or advertently) sharing sensitive data outside the confines of the company network. At its core, DLP is about solving the “people problem” — humans are often at the center of...
European carbon accounting startup Plan A raises $27M from VC and corporate heavyweights
Paul Sawers - 0
Plan A, a carbon accounting and ESG (environmental, social, and governance) reporting platform for corporations, has raised $27 million in a Series A round of funding led by U.S. VC giant Lightspeed Venture partners.
Technically the funding is an extension of a $10 million Series A round it announced...
OpenAI is set to open its first office in the European Union (EU) and make several strategic hires, as the company prepares for regulatory headwinds.
The ChatGPT-maker says that it plans to open its third office, after San Francisco and London which it announced in June, in Ireland, which...
iRobot needs to increase its debt, so Amazon is bidding less
Amazon is lowering its acquisition price for robotic vacuum-maker iRobot, after the duo have hit regulatory snags trying to get the deal over the line.
The ecommerce giant announced plans to acquire iRobot last August in an all-cash deal...
Spotify has announced that it’s raising its premium plan prices, confirming reports that first started to surface over the weekend.
The music-streaming giant, which claims some 500 million users globally 40% of which are premium subscribers, revealed that its main premium ad-free subscription plan will be increasing from $9.99...