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Hybrid events platform leader Hubilo secures Series B funding of US $ 125 million
Hubilo , an industry-leading provider of virtual and hybrid events technologies , has raised US $ 125 million in Series B funding from a consortium led by Alkeon Capital .
The announcement comes just months after Hubilo established a strong client base in Dubai in response to growing demand from UAE organisations for its innovative virtual and hybrid events platform .
Since its launch , the company has seen its regional customer base more than double . Hubilo is currently working to further its investment in the UAE by establishing a dedicated sales and support team in the country , delivering content and support in Arabic and partnering with UAE-based event management and AV production companies to further tap into enterprises and events organised by the government .
From left : Mayank Agarwal , Co-Founder and CTO , Hubilo , and Vaibhav Jain , Founder and CEO , Hubilo
Hubilo was additionally supported in its Series B round by Lightspeed Venture Partners and Balderton Capital , bringing the company ’ s funding total to US $ 153 million in just 18 months .
UK SMEs plan for international expansion post-COVID
Global FinTech platform Airwallex has announced the findings from a survey conducted on UK-based small and medium-sized enterprises ( SMEs ), revealing that more than three-quarters of SMEs in the UK have plans for geographical expansion next year , with more than two-thirds believing that digital adoption will be important to enable accelerated growth opportunities .
Jed Rose , GM , EMEA , Airwallex , said : “ As businesses throughout the world have been impacted by the pandemic , more innovative , tech-driven strategies are giving them the opportunity to enhance their globalisation efforts .”
The poll of 500 business decision-makers considered the reality facing UK SMEs as they look to invest in and grow their operations in 2022 .
Widespread UK SME global expansion is planned for 2022 , with 77 % of those polled having said they plan to expand their presence in Europe and / or other international markets . Meanwhile , 62 % of UK SMEs plan to expand into Europe next year and 38 % have expansion plans beyond Europe .
OVHcloud Advance servers provide reliability and performance for SMEs
OVHcloud has announced a new line of mid-range dedicated servers , equipped with the latest generation of components . Aimed at small to medium-sized businesses , Advance addresses the availability and security needs of organisations at a predictable cost .
To this end , OVHcloud , a European leader in cloud computing , is merging its two product lines , Advance and Infrastructure , to maintain the best features while covering a wide range of use cases such as web hosting and e-commerce , professional databases , CRM or ERP , containerisation or virtualisation , confidential computing and storage .
As with all OVHcloud ’ s solutions , anti-DDoS is included for 24 / 7 protection against all types of DDoS attacks with no restrictions on size or duration . Finally , user data is protected and accessible in the European and Canadian data centre chosen by customers , in compliance with GDPR .
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