London-based SaaS provider HighQ has raised fifty million dollars, the company was founded in 2001 and has since expanded to New York, Frankfurt, Amsterdam, Sydney and Ahmedabad. HighQ provides enterprise collaboration and content management solutions to some of the world’s leading law firms, and global financial services companies.
Some 46 UK-based tech firms have made Bloomberg’s first Business Innovators list. Startups Duedil and Jukedeck were among the companies on the unranked list, which aimed to illustrate the strength and breadth of the U.K. startup community. The Government have announced a new scheme to help cyber security startups. The the two hundred and fifty thousand pound programme will be run in partnership by Cyber London and the Centre for Secure Information Technologies at Queen’s University Belfast. And in automative news, London, Bristol, Nottingham and Milton Keynes are to get a boost of cash to drive the adoption of electric cars. These cities among the winners of a fourty million pound UK Government fund.
In the ongoing saga of big corporations paying taxes, David Cameron has defended Google’s one hundred and thirty million UK tax deal. The deal was made by HMRC but the conservatives have argued that they have done more to crack down on tax evasion than their labour predecessors. Something tells me the corporate tax debate for multi-nationals will continue.
Our download of the week is Parentville. Parentville is a location-based app for urban parents looking for family-friendly activities, venues and facilities. It also helps new mums and dads to build a support network by connecting them with other local parents.
A Google artificial intelligence program has beaten the European champion of the chinese board game Go. In a huge breakthrough for AI the tech company’s Deepmind division has trained a computer to beat a human. And the fun fact: There are more possible positions in Go than atoms in the universe, according to DeepMind’s team.