News

Google’s 3,900-Mile Grace Hopper Undersea Cable Lands In The UK

Undersea cables are the backbone of the internet, carrying around 98% of international traffic.

Published

3 years ago

September 17, 2021

Joanna Melki

google's 3900 mile grace hopper undersea cable lands in the uk

Google Cloud

Google has a good reason to celebrate this week because the tech giant has successfully completed its 3,900-mile undersea cable. The cable is named Grace Hopper, after the American computer scientist who was one of the first programmers of the Harvard Mark I computer, and it connects New York (United States) to Bude (United Kingdom) and Bilbao (Spain).

Google

The Spanish branch was completed earlier in September as the first-ever Google-funded route to Spain. Now that the UK branch has landed as well, the mission, which was first announced last July, has reached its end.

“Grace Hopper represents a new generation of the trans-Atlantic cable coming to the UK shores and is one of the first new cables to connect the US and the UK since 2003,” says Google in the official announcement. “Grace Hopper will connect the UK to help meet the rapidly growing demand for high-bandwidth connectivity and services”.

The cable uses a cutting-edge multi-directional fiber switching architecture that lets Google better move traffic around outages and provide the reliability necessary to power critical Google services like Meet, Gmail, and Google Cloud.

The multi-directional fiber switching architecture will also help tightly integrate the upcoming Google Cloud region in Madrid into Google’s global infrastructure. The new region will leverage Telefonica’s Madrid region infrastructure to foster Spain’s digital transformation and advance 5G mobile edge computing.

Also Read: Carrefour City+ In Mall Of The Emirates Becomes Dubai’s First Contactless Store

Undersea cables like Grace Hopper are the backbone of the internet, carrying around 98% of international traffic. The first optical telecommunications cables were laid on the ocean floor back in the 1980s, and their number has since then grown to more than 400. The actual optical fibers that carry data between continents are only as thick as a single strand of human hair, but they’re protected by several layers of shielding and isolation.

News

Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

21 hours ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.