Connect with us

Business & Technology

Orbital raises USD $50 million to scale data centres

Published

on


Orbital Industries has raised USD $50 million in a Series B funding round led by Plural.

Other investors included NVentures, Nvidia’s venture arm, along with Radical Ventures, Compound and Fly Ventures. The funding will support wider commercial deployment of Orbital’s data centre products, hiring in London and San Francisco, and development of its AI system for other industrial applications.

The London-based company develops hardware for AI infrastructure. Its first products are a modular data centre system and a cooling fluid for dense GPU environments, both of which have become pressure points as demand for AI computing rises and newer chips generate more heat.

Orbital’s modular data centre product is designed to cut deployment times to as little as six months, compared with conventional projects that can take up to three years. The system is manufactured off-site and delivered as ready-to-deploy units, with SLB as Orbital’s manufacturing partner.

The company has also developed a dielectric two-phase cooling fluid for current and next-generation GPUs. It says the fluid is non-toxic and free from PFAS, a class of chemicals facing tighter scrutiny and possible restrictions in the US and Europe.

Data centre focus

The business is entering the market through Orbital IT, its brand for data centre infrastructure. It is targeting operators, sovereign AI programmes and companies that want to bring high-density compute online without building large internal engineering teams.

Orbital is also working with data centre operators through a multi-year partnership with AWS to develop cooling and efficiency technologies. The aim is to move its systems closer to use in hyperscale facilities.

The company was co-founded by Chief Executive Officer Jonathan Godwin, who previously worked at DeepMind on AI for science, engineering and advanced materials design, with Chief Technology Officer James Gin-Pollock and Chief Operating Officer Daniel Miodovnik. Orbital employs about 50 people across London and San Francisco.

At the centre of the company is Orb, an AI model used to simulate the quantum mechanical behaviour of atoms. Orbital says the system shortens the time needed to discover and test new materials, including those used in cooling systems, compared with traditional development cycles.

The approach reflects a broader push by AI companies to move beyond software and address the physical constraints shaping the sector. As AI models grow and data centres become more power-intensive, limits in cooling, power supply and construction speed are becoming a commercial issue for cloud providers and operators.

Orbital sees those constraints as an opening to build industrial products rather than only software tools. It has said it intends to apply the same model beyond data centres in areas such as semiconductors, critical minerals, aerospace and energy.

For investors, the pitch is that growth in AI infrastructure will depend not only on better models and chips, but also on faster deployment of the physical systems around them. In that context, companies that can reduce build times or offer alternatives to regulated cooling materials may find a market among operators trying to expand capacity.

“When people imagine a better future, they think about physical things: technologies that give them more freedom, more time, more life. AI will get us there faster. That’s what we set out to do at Orbital Industries. Frontier AI gives us PhD-level expertise across every discipline, meaning small, agile teams can move from materials discovery to commercial hardware in a way that simply wasn’t possible before. What used to take a decade, we can now do in months. We’re starting with some of the most pressing challenges in data centres, but the scope of what this approach can unlock is much, much bigger,” said Jonathan Godwin, Co-Founder and Chief Executive Officer of Orbital Industries.

Plural said Orbital is addressing a growing bottleneck in the AI economy. “AI progress is now constrained by the physical world: by energy, heat and infrastructure. Orbital Industries is tackling those constraints directly, including through breakthroughs such as its AI-designed cooling fluid, which enables the next generation of GPUs. The ability to discover and deploy these technologies faster than traditional industry will define the next phase of AI, and there is already strong demand for what the team is building,” said Hogarth.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business & Technology

Bicester dealership makes the case for a UK touring holiday

Published

on


The family-run business, part of the L C Hughes Partnership, has spent the past few years quietly building itself into one of the larger caravan centres in the south of England, and the timing looks shrewd.

With the pound’s purchasing power abroad still feeling pinched, airport queues a regular feature of the summer news cycle and a generation of younger families rediscovering the appeal of the Lake District, Pembrokeshire and the north Norfolk coast, demand for touring holidays in Britain has held up well.

The site itself is set up to take advantage of that.

Bicester Caravan and Leisure is a main dealer for Swift, Sprite, Elddis, Xplore, Buccaneer and Coachman, which is a fairly comprehensive sweep of the British caravan market in one car park.

The new caravan stock list takes in family-friendly Sprite layouts, the lighter Basecamp range aimed at couples and weekenders, and the more luxurious Elegance Grande and Coachman Lusso models at the top end.

For anyone not ready to commit to a full caravan, the dealership has also become the exclusive UK importer of Comanche folding campers and trailer tents, a Spanish brand with more than two decades of trailer-building behind it.

The Camp-let range, designed for families of four and expandable to sleep up to eight, offers another route in at a lower price point, and the recently announced Cabanon trailer tents add a further option for buyers who want canvas rather than fibreglass.

Tents and folding campers tend to attract first-time buyers, and staff at the dealership are themselves keen caravanners, which makes the showroom feel less like a car forecourt and more like a specialist outdoors shop.

The practical side of caravan ownership is handled on the same site.

An NCC approved workshop takes care of servicing, habitation checks and warranty work across all the major brands, and a fully stocked accessory shop sells everything from motor movers to awnings.

A Camp-let folding trailer tent set up with awning

Secure on-site storage is available for owners who would rather not park a caravan on the drive, and the Bicester Bean cafe gives browsers somewhere to sit down with a coffee between viewings.

A campsite of the dealership’s own is also under construction, which should give new buyers a soft landing for their first night under canvas or in a brand-new van.

None of this would matter much if the wider picture for UK touring was flat, but it is not.

Caravan and motorhome sites across Oxfordshire, the Cotswolds and the south west have been reporting strong forward bookings, and the appeal of being able to set off on a Friday evening without a passport check is hard to argue with.

For anyone in the Oxford area weighing up whether this is the year to take the plunge, the Bicester site is a sensible first stop.

More information about the current stock, the workshop and the Comanche and Cabanon ranges is available on the Bicester Caravan and Leisure website.





Source link

Continue Reading

Business & Technology

FinTech North marks 10 years with Leeds conference

Published

on



KAREN JOY BACUDO

Finance Editor

FinTech North is returning to Leeds for a 10th anniversary conference, marking a decade since the organisation launched in the city.

The event will be held at Salem Chapel, aql’s HQ and the venue where FinTech North began. It will bring together founders, industry executives and public sector representatives to discuss how the sector has changed across Leeds and the wider Yorkshire region.

Participants include West Yorkshire Mayor Tracy Brabin, the National Wealth Fund, Leeds Digital Festival, the Bank of England, the Financial Conduct Authority, Mastercard, GoCardless and FIS.

The agenda will focus on how financial technology has developed over the past decade, along with the regulatory challenges and commercial opportunities facing the market. Topics include mortgages, banking, lending, payments and regtech.

Regional growth

The event comes as new figures highlight the scale of the sector in West Yorkshire and the wider North of England. According to Whitecap Consulting, West Yorkshire is home to 94 fintech firms, while the Leeds City Region fintech ecosystem contributes £700 million a year to the regional economy.

About 60 national and international firms have chosen the Leeds City Region as a base for their UK operations. Across the North, there are around 400 fintech firms employing 20,000 people directly, with a further 70,000 in fintech-related roles.

The sector has also contributed about £2 billion in Gross Value Added to the UK economy. These figures point to the growing strength of regional fintech clusters outside London, particularly in areas with established expertise in financial and professional services.

Leeds has long been one of the UK’s main centres for banking, insurance and data-driven business services, giving fintech companies access to both talent and large customer markets. The city has also worked to raise its profile in digital industries through networks, accelerator programmes and events that connect start-ups with investors, regulators and established financial institutions.

Origins

FinTech North traces its beginnings to a decade ago, when Whitecap Consulting and White Label Crowdfunding launched the initiative as part of the first Leeds Digital Festival programme. Organisers say that early conference helped establish what became the UK’s first regional fintech hub.

Since then, the group has expanded its activity across the North through events that bring together start-ups, larger technology companies, policymakers and academics. Its aim has been to strengthen the Northern fintech ecosystem and create links between regional firms and national decision-makers.

The anniversary conference also coincides with the 10th year of Leeds Digital Festival, underlining how closely the city’s fintech and wider technology communities have developed alongside one another. That overlap has become increasingly important as fintech businesses move beyond payments and consumer apps into more specialised areas of financial infrastructure and compliance.

Joe Roche, General Manager at FinTech North, highlighted the sector’s economic footprint across the region.

“With around 400 fintech firms across the North employing 20,000 people directly, and 70,000 employees working in fintech-related roles, the region has contributed approximately £2bn in Gross Value Added to the UK and become a powerhouse for innovation and opportunity. The Leeds City Region has played a significant role in the growth of the fintech ecosystem, with approximately 60 national and international firms choosing the region as a base for their UK operations,” Roche said.

Roche also reflected on the organisation’s role in the market over the past decade.

“Over these 10 years, FinTech North has played a central role in both advocating for and actively helping to shape the ecosystem. As the country’s first regional fintech hub, we have witnessed and contributed to the development of a thriving national community,” he said



Source link

Continue Reading

Business & Technology

UK travel company ceases trading with flights and holidays at risk

Published

on



Trav Expert Limited (Ltd), based in Hounslow (London), traded under the names Best4trips, Travel Crew, and Air Waay.

The travel company offered flights and holiday packages to destinations around the world, including:

  • Sydney
  • Maldives
  • New York
  • Dubai
  • Barcelona
  • Bangkok
  • Amsterdam
  • Auckland
  • Barbados

Trav Expert Limited ceases trading putting flights and holidays at risk

Trav Expert Ltd ceased trading as an ATOL holder on May 21.

Air Travel Organiser’s Licence (ATOL) is a government-backed financial protection scheme, run and managed by the UK Civil Aviation Authority (CAA), that all tour companies in the UK are required to have.

ATOL guarantees customers receive refunds if a company collapses.

A company fails as an ATOL holder if it has entered insolvency in the past six months and can’t meet its obligations to consumers, the ATOL website explains.

ATOL has warned anyone who has booked flights or holidays with any of the three companies associated with Trav Expert Ltd to check their ATOL certificate and the type of their booking on its claims information page.

It continues: “Bookings sold as accommodation only, non-flight Packages & cruise only bookings, which do not include a flight element, are not covered by the ATOL scheme.”

In this instance, travellers are urged to contact their travel insurance provider or card issuer for assistance.

If the name listed on your certificate is not Trav Expert Limited, contact the ATOL holder shown.



Despite no longer being an ATOL holder, Trav Expert Ltd remains ‘active’ on Companies House.

The company has been contacted for comment.

Who can claim a refund?

Travellers affected by Trav Expert Ltd ceasing trading as an ATOL holder can claim refunds if they meet certain criteria.

ATOL-protected packages with Trav Expert Limited (due to travel after May 21)

Travellers who booked ATOL-protected packages with Trav Expert Limited for trips after May 21, 2026, and have already received their flight tickets should first contact the airline to confirm whether their bookings remain valid.

If the airline confirms the tickets are valid, customers have two options:

  1. If they no longer wish to travel, they can submit a claim for a refund through the ATOL scheme, provided they paid by cheque, debit card, charge card, bank transfer, or cash.
  2. If travellers decide to use the flight but are asked to pay again for other elements of the holiday package, they may claim the cost of these replacement services through ATOL (depending on their original payment method).

ATOL warned that services, including accommodation and transfers, may not have been paid for by Trav Expert Ltd, and travellers could be required to rebook and pay for them directly.

The scheme advised confirming all costs with suppliers before travelling.

ATOL also said: “If you choose to travel and use your valid flight, you are not protected under The Package Travel and Linked Travel Arrangements Regulations 2018 as your package travel provider has ceased to trade. 

“You will therefore be responsible for any risks arising from each individual element of your trip which would have previously been protected.”

Those who paid Trav Expert Limited directly by credit card, even in part, are not eligible to claim a refund from ATOL.

Instead, they must make a claim through their credit card issuer under Section 75 of the Consumer Credit Act 1974.

Credit card providers are responsible for refunding customers up to the entire amount paid, including payments made by cheque, cash, debit card, or charge card.



ATOL-protected flight-only bookings with Trav Expert Limited (due to travel after May 21)

For ATOL-protected flight-only bookings without issued flight tickets, refunds are available through ATOL if payment was not made by credit card and you have been issued with an ATOL Certificate.

Customers who have e-tickets or scheduled flight tickets should confirm validity with the airline, as these are expected to remain valid for travel.

If the airline confirms the ticket is valid, customers are not eligible for an ATOL refund and should still be able to travel.

Cancelled ATOL bookings (before May 21)

For customers still awaiting refunds for cancelled ATOL bookings made before May 21, 2026, claims can be submitted through ATOL, provided payment was not made by credit card.

In all cases where a credit card was used for payment, they must make a claim through their issuer.



Travellers are reminded to keep all original booking confirmations, ATOL certificates, and payment evidence, as these may be required to support their claims at a later stage.

Claims made to ATOL must be made by May 20, 2027.

Other UK travel companies that have closed in 2026

Four other UK travel companies have already closed in 2026:

Luxury UK holiday company Salamander Voyages also shut down in April after entering administration.

Meanwhile, four UK airlines have fallen into administration or liquidation already this year:

  • Ascend Airways (liquidation)
  • EcoJet Airlines (liquidation)
  • Zenith Aviation Limited (administration)
  • European Cargo (administration)

Have you booked flights or a holiday through Trav Expert Ltd (Best4trips, Travel Crew, or Air Waay) recently? Let us know in the comments below.





Source link

Continue Reading

Trending