Ireland’s tech sector demonstrated robust growth in 2024, with companies raising up to €400 million across various industries. Security companies emerged as the leading recipients of investment, securing €101.3 million, followed by fintech companies with €75.1 million and travel companies with €61.1 million. These figures highlight Ireland’s continued attractiveness as a hub for technology-driven innovation, supported by a strong startup ecosystem, global connectivity, and government-backed initiatives.
Ireland’s reputation as a technology powerhouse is reinforced by its role as the European headquarters for major multinational corporations, including Google, Facebook, Apple, Microsoft, and LinkedIn. These companies have established significant operations in Ireland, benefiting from its business-friendly environment, skilled workforce, and strategic access to the broader European market. The country’s tech landscape is also fueled by the rapid growth of startups across multiple sectors, including fintech, healthtech, artificial intelligence, SaaS, and cybersecurity. This diverse ecosystem has attracted substantial venture capital and angel investment, further driving innovation and economic expansion.
Government support plays a crucial role in sustaining Ireland’s thriving technology sector. A range of incentives, tax benefits, and policies encourage research and development, ensuring that both startups and established firms have the resources needed to innovate and scale. Ireland’s prestigious universities, such as Trinity College Dublin and University College Dublin, also contribute significantly to the sector, fostering collaboration between academia and industry to drive cutting-edge advancements in technology.
Among the standout companies making waves in 2024, AccountsIQ, a leader in cloud-based financial management software, secured a €60 million Series C funding round. AccountsIQ specializes in solutions for mid-sized and multi-entity businesses, offering automated consolidation, advanced reporting, and seamless integration capabilities. Since launching its platform in 2008, the company has expanded its services to over 4,000 businesses across more than 60 countries, catering to industries such as publishing, private equity, technology, and accountancy. With its latest funding, AccountsIQ aims to enhance its cloud-based accounting platform with machine learning capabilities while accelerating its international expansion.
Another major player in the Irish tech scene, GridBeyond, is at the forefront of optimizing and managing distributed energy resources. Using artificial intelligence and real-time automation, GridBeyond provides energy solutions that support the transition to net zero. Its AI-driven platform enables clients to synchronize load, generation, and storage assets, unlocking new revenue streams, reducing energy costs, and improving grid stability. In 2024, the company raised €52 million in a Series C round, which will be used to scale its operations, expand its US presence, and invest in further research and development to advance decarbonization efforts.
Tines, a no-code automation platform, also had a significant funding milestone in 2024. The company, which empowers teams to streamline complex workflows without requiring coding expertise, secured an additional $50 million as an extension of its Series B round. With a strong focus on security, Tines offers enterprise-grade automation solutions that ensure transparency, compliance, and control. Its platform enables organizations to integrate internal and external technologies seamlessly, enhancing efficiency and security across operations. The new funding will be used to further develop its platform, reinforcing its position as a leader in the no-code automation space.
Ireland’s technology sector continues to thrive on the foundation of strong international ties, government support, a highly skilled workforce, and an innovation-driven startup culture. As companies like AccountsIQ, GridBeyond, and Tines continue to expand their reach and refine their technological capabilities, Ireland is cementing its status as a global leader in the tech industry. With a steady influx of investment and a commitment to fostering research and development, the country remains well-positioned for continued growth and leadership in the global technology landscape.