South West News #21
Our South West tech news round-up aims to give you an insight into the latest tech news specifically in the South West. If you enjoy this, make sure to sign up to our email list to receive updates on more content like this!
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KETS Quantum Security raises £3.1 million to keep data safe
KETS Quantum Security has raised a £3.1 million round to bring to market hardware to protect data from a new generation of cyberattacks that will use quantum computers to break through all existing encryption protections.
Progress in the field of quantum computing has been advancing exponentially over the past decade. With that progress, the threat of quantum attacks on our communications is rapidly approaching ‘Q-Day’ – the day when all the private information we currently encrypt and send around the world, becomes public and easily readable by a quantum computer. You can find out more about KETS Quantum Security’s journey from their Startup for 10 here! KETS Quantum Security is developing protection against quantum security threats, starting with chip-based, quantum-safe encryption development kits.
Source: TechSPARK 2021
South West ‘Well-Placed To Recover From Pandemic Impact’
The South West is well-placed to recover from the effects of the pandemic and the economic downturn, according to a panel of experts assembled for an Insider online forum.
Prominent figures from the region’s business community and public sector came together for the online event focused on what is needed to help support business in the region.The webinar-style event titled Backing Enterprise: Funding and Investment was sponsored by KPMG Private Enterprise.
The panel included Tim Spooner, from KPMG Corporate Finance, Mark Matthews from Northavon Group, Neill Ricketts from Versarien and Craig Stoddart from The Wave. Tim Spooner said: “The region is well placed for a strong recovery. It is a really strong region with some deep pockets of expertise across a range of different sectors. There is a general sense of positivity around the region at the moment. Growth is returning and businesses are returning to normal and hybrid working models.
Source: Insider Media Limited
Bristol tech start-up hoping to halve food waste in education sector wins £10,000
A start-up business founded by students at the University of Bristol has won £10,000 to develop technology that could potentially halve food waste in the education sector.
KnoWaste has developed a digital food management system for schools, colleges and universities that it believes can dramatically cut the 150 million tonnes of food they throw away each year – at a cost of £250m. The company’s app allows diners to to pick their meals for the week, meaning caterers are able to determine demand in advance and not be forced to overproduce. The platform also informs diners about the environmental impact of each meal they choose. KnoWaste, founded by students Sophie Elliott, Edward Stratton, Charlie Royle and Kesta Kemp, saw encouraging results from trials of the technology at primary schools in Bath and Truro, in Cornwall.
The four entrepreneurs have now won part of a £25,000 funding pot at the University of Bristol’s Runway Entrepreneurship Competition to turn their idea into a business.
Source: Business Live 2021
Bristol tech company raises £135k for mental health platform that matches people with therapists
Bristol-based technology company has secured £135,000 to develop its platform that helps connect people seeking mental health therapy with suitable specialists.
Paranimo allows therapists to identify and rank mental health conditions based on who they can help the most. The platform then uses advanced search and comparison tools to create a percentage match with potential clients. ,Clients enter their specific requirements and scroll through a ‘matched’ selection of therapists that most closely meet their needs. They can then use the platform to watch video introductions from therapists, book appointments, pay, and attend video calls.
The company fended off competition from thousands of other businesses to secure the six-figure funding from the government’s innovation agency Innovate UK.
Source: Business Live 2021