Weekly Tech Round-Up | #7
Here are all the tech updates from the past week, sign up to our newsletter to receive this in your inbox every week.
Monzo to raise £50M, another funding during COVID-19 pandemic for London fintech
Monzo, the UK based challenger bank that allows customers to access a range of products and services, is expected to raise a £50 million extension in Series G round from existing shareholders and a new San Francisco-based VC firm Octahedron Capital. The new funding will take the amount raised by the digital bank during the pandemic to £175 million.
COVID mRNA vaccine technology could be used to target HIV, sickle cell and cancer
The coronavirus pandemic has spurred on the development of a range of new medical technologies, some of which could have a lasting impact on humanity’s ability to treat difficult diseases. Speaking to MIT Technology Review magazine, Professor Drew Weissman and Dr Katalin Kariko – whose research underpins the technology – said that mRNA could in the future be used to treat HIV, sickle cell disease and potentially even cancer.
Hyundai: The carmaker aiming to become a tech firm
The car firm has been investing heavily in new technology with a string of partnerships, acquisitions and investments within the tech space. Its takeover of robotics firm Boston Dynamics last year was a clear indication of the direction it is taking into cutting edge technology. The whole auto industry has been forced to innovate as the move towards electric cars and autonomous vehicles accelerates.
‘Sky tractor’ AI drone tech launches to restore world’s degraded land
An Oxford start-up has launched ‘sky tractor’ tech to help replant billions of hectares of degraded land. Dendra Systems use custom-built drones, ecology and artificial intelligence to help the world’s biggest natural resources companies clean up and replant this land. It is rehabilitating land 11 times faster and a third cheaper than traditional methods of remediation. Typically, this means it could replant up to 60 Ha per day – an area the size of 85 football pitches.