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NEWs AccountsIQ snaps up expense management vendor ExpenseIn

Ireland’s AccountsIQ has acquired UK-based expense and invoice management software vendor ExpenseIn to “expand beyond finance teams into the broader business user function”. Terms of the transaction have not been disclosed.

Founded in 2015, ExpenseIn operates a cloud-based platform that consolidates business expense submission, approval and reporting processes.

Used by businesses in over 40 markets worldwide, including rewards website TopCashback and corporate payment solutions provider Corpay, the platform supports invoice management, receipt scanning and automated policy compliance among its key features.

Following the acquisition, ExpenseIn and its 30-strong staff team will continue to trade under its existing brand identity as part of the AccountsIQ Group. No disruption is expected for customers or partners.

In a statement, AccountsIQ says the purchase supports the group’s efforts to broaden its offerings and extend its reach with “a multi-product solution…including spend card management and embedded payments”.

NEWs Irish-founded Overhaul secures $55m

Supply chain software company Overhaul has secured $55m in equity funding in a round led by Springcoast Partner

Founded in Ireland in 2016 by Barry Conlon and David Broe, the company has developed a software platform that gives organisations better visibility over the security of their supply chains.

According to the company, it safeguards more than $1.4trn in cargo trade at any given moment. Companies that use its services include Microsoft, Dyson and Bristol Myers Squibb.

Overhaul, which is headquartered in Austin, Texas, said it will use the latest funding to enhance its proprietary AI technology to identify and mitigate supply chain risks, enhance customer value and to support its ongoing acquisition plans to expand its reach.

NEWs Deciphex raises €31m in new funding round to fuel growth

Digital pathology company Deciphex has raised $32.3 million (€31 million) from investors in a new funding round that will help fuel its global expansion.

The company secured backing for its Series C round from Molten Ventures, with significant participation from ACT Venture Capital, Seroba, Charles River Laboratories, IRRS Investments, HBAN Medtech Syndicate and Nextsteps Capital.

Deciphex develops software and artificial intelligence to accelerate the delivery of pathology services, increasing efficiency for pathologists and potentially improving patient outcomes. It has been rapidly growing capabilities in the pathology computer aided diagnostics sector.

NEWs Druid Software raises $20m to support ‘strategic’ growth

Ireland-based cellular network software platform provider Druid Software, which targets its services towards enterprise and industrial clients, has raised $20m in “strategic” growth capital to expand into the defence, shipping and utilities sectors.

The funding round was co-led by J2 Ventures and Hico – a maritime-focused investment group – and saw participation from industry experts including Arthur Patterson, the co-founder of Accel Partners.

Founded in Ireland in 2000, Druid now operates in more than 35 countries, providing its private 5G and 4G cellular technology services for wide-ranging applications, including in healthcare, ports, manufacturing, governments and defence networks.

NEWs Xocean closes €115m funding round in preparation for further expansion

Louth-based ocean data company Xocean has announced the closing of a funding round which raised €115m, with the support of S2G Ventures, Climate Investment, Morgan Stanley’s 1GT fund and an affiliate of the Crown Family’s CC Industries.

Founded in 2017 by James Ives, with locations in Ireland, the UK, Canada, Norway, Australia and the US, Xocean develops uncrewed surface vessels capable of remaining offshore for extended periods of time to map and monitor the marine environment and collect large quantities of ocean data. Operators and data analysts connect with the vessels via satellite link while staying safe onshore.

This latest investment will support Xocean in its plans to expand the platform, with particular focus on emerging blue economy sectors, such as offshore energy and civil hydrography. The organisation predicts that, as the blue economy becomes a greater focus for capital deployment, ocean data services are going to be in high demand and should be delivered in an environmentally sensitive manner.

NEWs LetsGetChecked raises $165m in new financing

LetsGetChecked, the Irish digital health firm that achieved unicorn status three years ago with a $1 billion valuation, has raised $165 million (€160 million) in a new Series F funding round.

The move comes just months after the firm merged with US online pharmacy company Truepill in deal valued at $525 million.

Newly filed documents for the firm’s parent company, Paulus Holdings indicate that Optum Ventures, which owns stakes in both LetsGetChecked and TruePill, has led the new financing.

Founded by Peter Foley in Dublin in 2015, LetsGetChecked is an at-home testing company, which has shipped more than 10 million diagnostic tests to customers globally.

NEWs Irish company Fire1 raises $120m to fund trials for device to monitor heart failure patients

Irish medical device company Fire1 has raised $120 million (€116 million) from investors to fund clinical trials in the United States for a device that seeks to provide a remote monitoring solution to improve outcomes for heart failure patients.

Called Norm, the Irish company’s management system is being designed to “empower heart failure patients to manage their data” from home, in a way that should improve their quality of life and reduce the burden on healthcare systems, the company said.

Fire1 was founded a decade ago in California before later moving its headquarters to Ireland. It is pre-revenue and raised the finance via a Series B round. The valuation placed on the business as a result of this funding has not been disclosed.

NEWs Advise secures €1.55m funding, plans to expand global workforce

Advise, an Irish founded data, analytics and AI platform provider has raised €1.55m in funding.

The company which helps retail manufacturers and brand owners to unlock revenues and margin growth, said it plans to use the funding to support the company’s global expansion plans.

Advise, the trading name for Dublin-based RecommenderX, was founded by Dr Kevin McCarthy and John Phelan.

The company plans to double its headcount in the next 12 to 18 months. It said the new roles, which will be located in Ireland, the UK and US, will be in the areas of sales, engineering and data science.

NEWs Dataships secures $7m funding to fuel growth

Dataships, a company that specialises in helping clients turn privacy compliance into a potential revenue driver, has secured $7 million (€6.79 million) in a new Series A funding round.

Early backers of the company, which is co-located in Dublin and San Francisco, include well-known businessman Tony Smurfit, and former Irish rugby player Ian Madigan.

The financing brings to $14 million the total amount secured by the company to date.

Dataships helps online stores built on Shopify, the e-commerce platform, to simplify data privacy and marketing laws which, in turn, allows them to improve compliance levels and increase their revenues.

The company intends to use the new funding to expand beyond Shopify to other e-commerce platforms with the ultimate goal of “becoming the global standard tool for online data collection,”. Dataships currently employs 25 people, of which 21 are based at the company’s Irish headquarters at Nexus UCD. The company intends to increase headcount on the back of the new raise.

NEWs Irish AI start-up Jentic raises €4m in pre-seed funding

Dublin-based AI start-up Jentic has announced it raised €4m in a pre-seed funding round led by Elkstone, an Irish investment firm specialising in private markets. There was additional participation from Sure Valley Ventures, TechOperators and Shuttle, as well as a number of angel investors.

Founded in 2024 by Sean Blanchfield, Dorothy Creaven, Michael Cordner and Dr Tilman Schaefer, Jentic aims to unite the expanding AI agent ecosystem by enabling developers and companies to connect their AI agents to other systems, for the purpose of monitoring and managing large-scale AI deployments.

An AI agent is a software program that uses AI to plan how to accomplish goals and tasks, and then performs the steps in that plan by connecting to other software systems.