Investment stories - Page 24

Firebolt launches new cloud data warehouse as a service and secures $37m in funding from investors including Zeev Ventures and Bessemer Venture Partners.

A new report from Accenture reveals that many organisations are not seeing the expected results from cloud initiatives.

Only 37% of businesses are getting the full return on investment expected from their cloud investments, according to a report by Accenture.

New Zealand urged to focus on innovation and knowledge economy to reset economic future in post-COVID era, says report.

Investment in New Zealand startups has remained relatively stable despite the COVID-19 lockdowns and disruption to business.

MYOB partners with Flare to bring smarter solutions to customers, following Flare's successful $22 million capital raise.

Almost half of organisations (47%) plan to increase investments in IoT technologies despite COVID-19's impact on revenue, according to Gartner.

The investment into Roubler will see MYOB integrating the workforce management platform into its own offerings.

WhiteHawk Limited has been awarded a fiscal 2021 option extension of US$1.5 million (A$2.1M) under an existing seven-year contract.

GeoSpock secures $5.4m in strategic investment for its database technology solutions, bringing total funding to over $32m.

Technology should be flying high when it comes to government investment and commitment from New Zealand's political parties. But is it?.

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.

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.

As the COVID-19 coronavirus pandemic continues to lead many market sectors into turbulence, the energy sector has not escaped unscathed.

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.