It is open source analytics platform for large-scale processing of huge datasets.It works as a high-speed engine with high performance in batch as well as streaming data. It has resilient distributed datasets (RDDs), and the in-memory data structure allows Spark to perform functional programming.It uses a DAG scheduler along with physical execution engine and the query optimizer.Īpache Spark is 100 times faster than Hadoop in terms of data processing.The investment was led by Nigel Wray and a consortium of angel investors including Stephanie Phair, Michelle Kennedy, Whitney Hawkings, Peter Hawkings, Adam Levine and Fred Kooij. Co-founded by broadcaster Laura Jackson and Daniel Crow in November 2021, the digital global shopfront currently showcases the work of over 150 independent brands. London-based Glassette, an online platform curating homeware from independent UK-based designers, has raised £1.2m in seed funding. The funds will be used to develop and expand in the UK and Europe. Other participants included edtech accelerator Supercharger Ventures and the Australian Catholic University. Vygo is a SaaS platform that offers student support in higher education worldwide. Vygo closes £1.5m in pre-seed fundingĮdtech start-up Vygo has raised £1.5m in a pre-seed funding round led by Sparkmind and supported by Angel Investment Network. The deal was managed by Peter Carway and Louise Chapman from the Praetura Ventures investment team. Sparkbox enables retailers to forecast demand, optimise pricing and reduce waste by preventing retailers from over ordering stock. Praetura Ventures has invested £1.5m into a Manchester-based start-up that uses AI to help big brand merchandising teams from the likes of River Island and make better stock buying and pricing decisions. Praetura Ventures invests £1.5m into Sparkbox Love Ventures led the round with its fintech advisor John Lunn. By using the business verification platform, companies can search and locate business credit, corporate and director information from around the globe in seconds. This follows a previous funding round that banked £2m. Additional investors included Entrepreneur First, Ventures Together and angel investors.ĭetected, a resource which finds and verifies any registered company in the world instantly, has raised an additional £1.5m in just three weeks. Nosso offers children’s investment accounts that whole families can access. Nosso banks £2.1m seed round for children’s savingsįamily finance app Nosso has raised a $2.8m (£2.1m) seed round co-led by Octopus Ventures and Anthemis Group. Octopus Ventures led the round with participation from Deeptech Labs and Cambridge Enterprise. The software helps engineers identify early warning signs from extreme weather events, for example, so they can make timely, cost-effective and safe decisions. BKwai receives £2.2m in seed fundingīKwai, a construction data company which helps engineers from the likes of Thames Tideway and Highways England develop sustainably built infrastructure, has received £2.2m in seed funding.īKwai’s software platform combines data from multiple sources (like on-site sensors, environmental and satellite data) to provide a holistic view of a construction and its surrounding environment. To date, Solivus has raised £5m in funding. Solivus is already being installed at Cotswold Airport, where its solar panels will power a new generation of hydrogen-electric aircraft. With energy prices skyrocketing, Solivus is developing ground-breaking ultra-thin solar film that could be wrapped around the flat roofs of warehouses, stadiums and large offices, which it claims could generate half the UK’s electricity. Solivus, a pioneer of “skin-like” solar panels, has raised £2.4m investment led by Founders Factory and G-Force and supported by Crowdcube investors. “Enriching cultural experiences” was the surprising answer – while “room design” scored lowest. With experiences starting at £118,000 per person, The Luminaire offers experiences with luminaries including explorer Sir Ranulph Fiennes and photographer Sir Don McCullin.ĭeveloping the concept, The Luminaire surveyed wealthy travellers with a combined net worth of $4.4bn to discover what they wanted most from travel. The Luminaire, a new type of luxury travel brand which offers cultural experiences to sophisticated travellers, has raised $3.7m (£2.8m) through US early-stage investors whose previous investments include. The Luminaire books £2.8m for luxury travel concept
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