Business Technology

Sunday 26 January 2020

Web summit: Major deals set to be unveiled at internet conference

Web Summit founder Paddy Cosgrave with photos of guest speakers Liam Casey (left), founder of PCH, and Niklas Zennstrom, founder of Skype
Web Summit founder Paddy Cosgrave with photos of guest speakers Liam Casey (left), founder of PCH, and Niklas Zennstrom, founder of Skype
Click to see a bigger version of the Web Summit graphic
Adrian Weckler

Adrian Weckler

MILLIONS of euro worth of investment will be confirmed in Dublin as Europe's biggest internet conference kicks off today.

Several Irish start-up firms are due to announce major funding deals at the Dublin Web Summit.

The announcements are expected as the two-day event kicks off, hosting over 10,000 people, including several billionaires, online global firms and some rising Irish start-up companies.

It is being used by start-ups and big companies to announce new funding and new products.

Among the announcements expected is a deal between Eason and Kindle rival Kobo, which is also opening a new software-development centre in Dublin with over 30 jobs.

The Eason deal will see the Irish bookseller offering an expanded e-book range on its own website in partnership with Kobo. The bookshop chain will also stock Kobo ebook tablets in its stores.

Other highlights of today's Web Summit will include the Taoiseach opening the Nasdaq Index at 1.30pm and the arrival of Elon Musk, founder of PayPal, Tesla Motors and SpaceX.

Billionaires attending the summit include MongoDB founder Dwight Merriman, while global Irish technology players – such as Stripe's Patrick Collison and PCH founder Liam Casey – will also be in attendance.

 

Live stream from Web Summit main stage

 

Irish Independent

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