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A $1bn global tech fund, Luminance gets $3m, smart ice cubes & more in The Week in Tech

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Welcome to your Week in Tech – a roundup of the week’s top technology news.

In this episode, we bring you a $1bn global tech fund, Luminance’s $3m raise, OpenText’s deal with Dell Technologies and smart ice cubes that’ll make sure your glass never gets empty.

Watch the video, or read on for all this and more.

Emily Foges, CEO of Luminance, on disrupting the legal sector and reaching a $20m valuation

Investments

In investment news, UK AI startup Luminance raised $3m from Invoke Capital. The company has released a system that can read through reams of papers, flagging up potential issues during mergers and acquisitions.

Customer service automation platform ContactEngine raised £2m in funding from Amadeus Capital and Beringea. The company will use the funds to expand across Europe, North and South America.

Tech firm Keit raised £1.4m in a round led by Longwall Venture Partners. The firm plans to use the funds to further certify its spectroscopy technology, and expand internationally.

Sapphire Ventures announced the closure of a $1bn fund to invest in tech startups worldwide. Although based in the US, the firm will seek to invest a portion of its fund in the EMEA region, with a focus on the UK and Israel.

Best of British

Three more UK banks have enabled Android Pay support. NatWest, Santander and RBS customers can now add cards to their Android smartphones to make contactless and online payments.

International story

Canadian business software firm OpenText is set to buy Dell Technologies’ enterprise content unit for $1.62bn. Barclays acted as financial advisor for the deal, providing a $1bn debt commitment in support of the transaction.

Download

Our download of the week is Memrise. It’s a mobile learning platform designed to gamify language learning and make it fun and accessible for all. Featuring courses in more than 200 languages, it also enables you to track your progress against that of your friends.

And finally…

And finally, fed up of waiting at the bar to be served another drink? Martini’s smart ice cubes could help. The electronic cubes sit in your drink and notify bar staff when they get to the bottom of the glass and you’re ready for another tipple. Pretty cool – but probably pretty lethal for your bar tab.

That’s all for this week. For more of the latest technology news, visit our website and follow us on Facebook.

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