Investment stories - Page 29

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.

Equinix invests $144m in new data center in Singapore named SG5, meeting the increasing demand for cloud connectivity.

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

Australian ports' aversion to digital investment threatens long-term viability, says IFS report. Investment in digital transformation key for future success.

EQT Infrastructure will continue to operate EdgeConneX with plans to pursue ‘aggressive’ growth in existing and new markets worldwide.

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.

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.

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.