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This week’s UK tech funding deals include AI scientific research lab Inherent, biomaterials company Mykor and more. UKTN tracked £102.7m worth of UK tech investment this week (25 May to 29 May), a 20% week-on-week decrease across six funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Inherent – £37.2m Sector: AI ...
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The UK government’s £298bn Defence Investment Plan promises to improve the nation’s security and support what could represent a key area of economic growth. According to the plan, it will “energise the transformation of our armed forces” and “rebuild warfighting readiness” at a time when the state of geopolitical security is genuinely alarming. Highlights of ... Read more ›
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Common Ventures has launched its Common Path programme, which is designed to help talented graduates from lower-income backgrounds build a career in startups. The programme is designed to identify graduates with the drive, resilience, self awareness and mental agility to thrive in startups, regardless of where they went to school or who they know. Through ... Read more ›
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London-based AI visibility startup geoSurge has raised $12m (£9.4m) in an oversubscribed seed funding round. Founded in 2025, geoSurge provides tools to help businesses track and manage how their brands are represented within generative AI systems like ChatGPT, Gemini, and Claude. According to the firm, instead of focusing on real-time search citation tracking—a practice often ... Read more ›
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Culture Secretary Lisa Nandy as announced she and her department will no longer use the social media platform X, claiming that “it isn’t healthy for our democracy”. Announced in a final post on the Elon Musk-owned platform, Nandy said: “I’ve decided to leave this platform and my Department will too. “A platform originally designed for ... Read more ›
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Digital bank Starling is set to cut more than 100 jobs as it looks to deploy automation to simplify its operations. Staff were told this week that a major restructuring would take place with the goal of removing duplicate roles, first reported by Financial Times. According to the bank, the downsizing was needed following the completion ... Read more ›
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Cross-border financial platform LemFi has secured approval from the Financial Conduct Authority (FCA) to acquire UK-based investment platform Wealth8, marking its official entry into the wealthtech sector. The acquisition allows LemFi to integrate long-term wealth-building and diversified investment portfolios into its existing product ecosystem. Originally launched as a remittance specialist, LemFi has steadily evolved into ... Read more ›
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09.07.2026 01:24
Last update: 01:15 EDT.
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