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Gilo Industries gets $30m, Deliveroo creates 300 new London tech jobs & 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.

This week, we bring you the $30m raised by Dorset-based aerospace tech firm Gilo Industries, Deliveroo’s announcement of 300 new tech jobs in London, Theresa May’s Brexit speech and Facebook’s new startup incubator.

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

A $500m tech fund, Google I/O, WannaCry and more in The Week in Tech

Investments

In investment news, Dorset-based Gilo Industries raised $30m from Chinese tech firm Kuang-Chi. The aerospace startup plans to use the funds to further commercialise its aviation technology and expand business in the Asia-Pacific market.

InsurTech startup Bought By Many closed a £7.5m Series A round. Led by Octopus Ventures, the round will enable the firm to launch a range of new insurance products.

£5m was raised by My 1st Years, an e-commerce startup providing customisable gifts for children. The round, led by Beringea, will help boost the firm’s expansion to the US.

Other investments this week include the £1.3m Series B raised by Sheffield battery tech startup FaradionClickMechanic’s $1m round and LegalTech startup Juro’s $750,000 Seed.

Best of British

Deliveroo announced it’ll create 300 new tech jobs when it opens its global HQ in London. The FoodTech startup said it will be on the lookout for senior software and hardware engineers in particular.

It would be hard to ignore Theresa May’s Brexit Speech this week. She outlined her hopes for the UK to become “a magnet for international talent and a home to the pioneers and innovators who will shape the world”.

International story

Overseas, Mark Zuckerberg is expected to appear in court amid claims Facebook stole early VR innovations from Zenimax Media. Zenimax has argued that Facebook copied its VR when Oculus built the Rift headset.

On a more positive note for Facebook, the giant has confirmed its first startup incubator will launch in Paris. Hosted at the new Station F campus, the Facebook Startup Garage will work with 10 to fifteen companies every six months.

Download

Our download of the week is Beeline. The app pairs with the Beeline smart compass device, which attaches to the handlebars of your bike.

Enter your destination in the app, and an arrow on the device points in the direction you need to travel and it shows how far you’ve left to go.

And finally…

And finally, a family was left stranded in the desert after their Tesla car’s keyless control app stopped working.

With no signal in Red Rock Canyon, the driver was unable to connect to Tesla’s servers to start the car, meaning his wife had to walk two miles to call a friend to bring the key fob.

That’s all for this week’s episode of The Week in Tech. For more technology news, visit our homepage and follow us on Twitter.

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