Interactive display specialist Pufferfish has closed a six-figure funding round as it prepares to launch three new products later this year.
The Edinburgh-based company, whose spherical displays have been used by clients including Google, NASA, the BBC, Fortum, Amazon Prime and Aramco, said it had surpassed its £600,000 target in its latest fundraising round. The bulk of the money came from existing investors including Scottish Enterprise and Par Equity, with additional funding coming from a small group of new private investors.
Chief executive Elaine Van Der Berg said the money would allow the company to capitalize on new opportunities as the events market rebounds from the Covid pandemic.
Pufferfish display systems deliver experiences by combining sound, visual data, data and touch to put users at the center of the digital experience. They can be used in a variety of locations, including corporate communications, museums, science centers, planetariums, art exhibitions and other visitor spaces, as well as academic and educational institutions.
The company is in the process of launching upgraded versions of its two flagship products, PufferSphere and PufferTouch, which feature even sharper images and more powerful touch functionality. The launch of three completely new products is planned for the end of this year.
“The new products will go ‘deeper’ than we’ve ever seen before in terms of driving engagement and engagement,” said Ms Van Der Berg. “They will provide an unprecedented and more personalized one-on-one experience for users, offer a greater ‘wow’ factor through size and scale, and allow users to move to another the world created by immersion technology.
“We now have the final financing secured and a new management team at the helm. Advances in technology are fueling demand for multi-sensory, immersive audiovisual experiences in a variety of fields, from the arts and entertainment to science and education, Pufferfish is poised and ready to continue to strengthen its position as a market-leading end-to-end provider of spherical interactive displays and services.”
Initial growth in wages, despite a decrease in demand for personnel
Hiring activity in Scotland slowed for the third consecutive month in December as recession fears and market uncertainty dampened demand for recruits, but a shortage of candidates continued to push up wages.
The rate of permanent job losses eased from the previous month, according to the King’s Bank Jobs Report index Scotland rising from 40.6 in November to 46.8 in December. Anything below 50.0 indicates decreased activity.
Barrhead The journey see record bookings for holidays
Glasgow-based Barrhead Travel said it had achieved record bookings over the weekend, underscoring the popularity of all-inclusive holidays and the trend towards longer breaks.
He noted that on weekends, 60% of bookings were for summer this year.
However, Barrhead Travel noted that last-minute getaways were also popular, with more than one in five new bookings expected to take place by April “as people look to escape the winter blues”.
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