Latest IT Talent News June

NEWS SAAS START-UP MARKETSIZER SCORES €1M IN PRE-SEED FUNDING

eir evo talent: The company have less than 10 employees but with the founders past success and this funding we would imagine some growth to come. It will be interesting to monitor this company and understand how they will hire.

MarketSizer, a SaaS start-up founded in 2023, has raised €1m in a pre-seed funding round led by venture capital firm Delta Partners.

The Dublin-based company provides organisations with data to help them understand market trends and make better decisions.

NEWS AI-POWERED LYNQ RAISES $2 MILLION IN PRE-SEED INVESTMENT

eir evo talent: Lynq are only at the start of their journey but this is an exciting start for them and more exciting for the ecosystem and we see more companies leveraging AI and LLMs to build solutions.

Lynq, an AI-powered workspace for venture and private equity investors, also secured financing from Irish-led investors. Lynq ties together large language models (LLMs) with customer relationship management (CRM) solutions to create workspaces for analysts and other users.

NEWS STRIPE MAY ALLOW STAFF TO CASH IN ON SHARES AGAIN

eir evo talent: This is an interesting trend to monitor as Stripe continue to push back on an IPO. This move could lead to some attrition as companies leave having being rewarded but equally will continue to attract candidates given the financial opportunity with the company.

Stripe co-founder John Collison says employees at the online payments company will likely be allowed to cash in some of their shares in the future, as speculation continues to simmer over the company’s eventual IPO.

To fund it may require further cash from the company’s existing investors, as Stripe has done before.

The cash-out mechanism is seen as a way of rewarding employees in an industry where stock options are considered a valuable part of staff incentives.

NEWS IRISH-HEADQUARTERED PAYMENT PLATFORM CLEVERCARDS ANNOUNCES €8M FUNDING ROUND

eir evo talent: The company have been hiring over the last few months and currently have sales and data engineering roles open in Ireland. We expect this hiring to continue as they have ambitious growth plans.

Irish digital payments company CleverCards has raised €8m in an investment round led by employee benefits and engagement platform Pluxee and backed by existing investors of its global business.

The investment brings the company’s total funding raised to date to €28m.

The Dublin-headquartered fintech company now has more than 350,000 users across 92 countries.

NEWS DUBLIN-BASED ACCOUNTSIQ NETS €60 MILLION FUNDING

eir evo talent: The company has a couple of open roles but with a focus on AI from this funding and ambitions to double their workforce we imagine there will be significant growth in the coming months through the rest of 2024.

AccountsIQ, a cloud accounting platform, has bagged €60m in Series C funding to expand AI offering

The Dublin-based fintech secured the major investment from Axiom Equity and plans to use it to double its workforce.

NEWS APPLE HUNTS FOR DUBLIN OFFICE SPACE CAPABLE OF HOUSING HUNDREDS OF STAFF

eir evo talent: The nature of the work that is targeted for Dublin is yet to be fully understood but we can expect that there will be a pull factor to work for Apple and that this will create a strain on the local talent pool.

Apple which already has a sizeable presence in Ireland through its facilities in Cork, is planning on taking additional space in Dublin to facilitate further potential expansion, according to several well-placed sources.

NEWS LOUTH-BASED OCEAN DATA FIRM XOCEAN RAISES €30M

eir evo talent: The company are hiring but not all of it is based in Ireland. There will be continued hiring with this funding. The majority of this will be in domain specific roles but we would imagine some more general technical and business roles to be sought too.

Xocean, which uses robots to collect ocean data, has raised €30m in a Series B funding round led by Venturewave Capital.

This comes less than a year after the company announced the creation of 300 new jobs and opened a new marine robotics tech centre in Rathcor, Co Louth.

NEWS FINTECH NORTH AMERICAN BANCARD TO CREATE MORE THAN 50 JOBS IN LIMERICK

eir evo talent: The open roles are in the areas of product managers, architects, designers, developers, engineers and data scientists.

North American Bancard (NAB), a US-based fintech, is to establish an R&D centre-of-excellence in Limerick City which will lead to the creation of 54 jobs.

The new base will be responsible for developing the company’s portfolio of next generation risk management products and services.

NAB provides payments technology for mobile, ecommerce, and in-store environments.

NEWS IRISH STARTUP OVERCAST HQ SNAPS $1.2M FOR GENAI-POWERED VIDEO ASSET MANAGEMENT

eir evo talent: The funds will be used to further grow the team and continue product development, as the company expands its client footprint globally. The team are spread across Ireland and the UK and so it will be interesting to see how the company will grow.

Overcast HQ was founded by CEO Philippe Brodeur in 2015 to help companies manage and collaborate around video. Its mission is to make the whole video ecosystem easier to manage by replacing multiple tools with one simple management system. As per the company, its Video Content-as-a-Service platform is the simplest, fastest, and most cost-effective way to view, review, approve, share, transcode, distribute, archive, and control your content.

It is cloud-native and easily integrates with existing technologies, making it future-proofed. Recently, the company announced the launch of powerful new generative AI capabilities. This enables customers to automate metadata tagging, find content with conversational search functionality, and increase speed to market.

NEWS VEI GLOBAL TO INVEST €2M IN 20 NEW JOBS

eir evo talent: The company has a number of network and professional services roles open. While a relatively small company they will look to pull talent locally and look for those who can deliver on projects at scale.

VEI Global, a Naas, Co Kildare-based information and computer services company, is investing €2 million in the creation of 20 new engineering jobs over the next 18 months amid “strong customer growth in the US and Europe”.

VEI Global, which specialises in deploying large-scale IT projects for bigger companies with multiple sites, said it would hire an additional 20 software and network engineers by the end of 2025 to support its growth domestically and internationally.

NEWS MONZO PLANS FOR IRISH OFFICE FOLLOWING FIRST ANNUAL PROFIT

eir evo talent: These plans are only in the early stages but will bring another strong emerging fintech brand to Ireland and create a draw on the talent pool.

UK neobank Monzo has announced its first full year of profitability and has set its sights on Ireland as the location for its EU base.

The Revolut rival, which was launched in 2015, reported a pre-tax profit of £15.4m from March 2023 to March 2024 compared with a pre-tax loss of £116.3m for the previous 12 months.

 

 

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