Ireland’s technology sector experienced remarkable growth in 2024, with tech companies raising up to €400 million in funding. Leading this surge were security firms, which secured €101.3 million, followed closely by fintech companies with €75.1 million and travel-related businesses attracting €61.1 million in investments. These figures highlight Ireland’s position as a thriving hub for innovation and entrepreneurship, particularly in key sectors shaping the digital economy.
The country’s tech ecosystem is known for its strong international connections, serving as the European base for major technology giants, including Google, Facebook, Apple, Microsoft, and LinkedIn. This strategic positioning has cemented Ireland’s role as a gateway to the broader European market, attracting both multinational corporations and fast-growing startups. Beyond its appeal to global firms, Ireland has also fostered a vibrant startup culture across diverse industries such as fintech, healthtech, artificial intelligence, software-as-a-service (SaaS), and cybersecurity. These sectors have consistently drawn significant venture capital and angel investment, fueling innovation and job creation.
The Irish government has played a crucial role in fostering this innovation-driven landscape by offering supportive policies, tax incentives, and funding for research and development. Ireland’s commitment to advancing technology is further strengthened by its world-class universities, such as Trinity College Dublin and University College Dublin. These institutions provide cutting-edge research and facilitate collaboration between academia and industry, ensuring a steady pipeline of highly skilled talent and groundbreaking discoveries.
With a combination of strong global connections, government support, a highly educated workforce, and a thriving entrepreneurial spirit, Ireland’s technology sector continues to flourish. The country’s ability to attract investment, foster innovation, and drive digital transformation reinforces its reputation as a global leader in the technology space.
Among the key players contributing to Ireland’s tech success is AccountsIQ, a leading provider of cloud-based financial management software. Designed specifically for mid-sized and multi-entity businesses, the platform offers advanced capabilities such as automated consolidation, sophisticated financial reporting, and seamless integration with other business systems. Since its launch in 2008, AccountsIQ has expanded its reach, supporting over 4,000 companies across more than 60 countries. The company serves a diverse range of industries, including publishing, private equity, technology, and professional accountancy practices.
In 2024, AccountsIQ secured €60 million in Series C funding to enhance its cloud-based accounting solutions with machine learning capabilities and to expand its international presence. This investment underscores the company’s commitment to innovation and its ambition to remain at the forefront of financial technology, helping businesses optimize their financial processes and decision-making.
Another major player in Ireland’s tech landscape is GridBeyond, a company specializing in the optimization and operation of distributed energy resources. Leveraging artificial intelligence and real-time automation, GridBeyond provides energy technologies and services that support businesses in the transition to a net-zero future. The company’s AI-powered platform connects and synchronizes energy loads, generation, and storage assets, enabling clients to unlock new revenue streams, reduce energy costs, and enhance grid stability.
In 2024, GridBeyond secured €52 million in Series C funding to scale its operations and drive international expansion. A key focus of this funding round is strengthening the company’s presence in the United States, as well as investing in research and development to further advance decarbonization efforts. By integrating cutting-edge AI with energy management solutions, GridBeyond is playing a crucial role in shaping the future of sustainable energy systems.
Tines, a no-code automation platform, is another standout in Ireland’s technology ecosystem. The platform is designed to empower teams by streamlining complex workflows across various systems without requiring coding expertise. Tines enables users to build, execute, and monitor processes seamlessly, integrating with both internal and external technologies to enhance efficiency and productivity.
With a strong emphasis on security and compliance, Tines provides enterprise-grade features that ensure transparency and control over automated workflows. The company’s commitment to innovation and user empowerment has led to significant market traction. In 2024, Tines raised an additional $50 million in funding as an extension of its Series B round, reinforcing its efforts to further develop its platform and expand its global reach.
Ireland’s technology sector continues to thrive on the foundation of strong global partnerships, government support, and a dynamic startup ecosystem. With companies like AccountsIQ, GridBeyond, and Tines driving innovation in financial technology, energy management, and automation, Ireland is well-positioned to remain a leader in the digital economy. The steady flow of investment into emerging technologies and the country’s ability to attract top-tier talent further solidify its reputation as a global powerhouse in the tech industry.