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This week’s UK tech funding deals include record-breaking quantum computing group Oxford Quantum Circuits, Newcastle spinout Gnosis Health and more. UKTN tracked £480.1m worth of UK tech investment this week (1 June to 5 June), a 367% week-on-week increase across 12 funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Oxford Quantum ...
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UK Tech News
An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
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A PG&E Corp. unit has bought a San Jose building in a move to bolster the utility's South Bay operations. Read more ›
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ETH Zurich's new quantum chip stores data the way a guitar stores a note, using vibrations, with a simple caveat: it can play several notes at the same time Read more ›
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Google and Epic Games this week withdrew their joint settlement agreement after it became clear the court was unlikely to allow it. With the settlement out, Google is bound by a permanent injunction issued in October 2024 requiring it to allow alternative app stores on Android devices. In a court filing [PDF], Google said that it plans to begin supporting alternative app stores on July 22. In a statement to... Read more ›
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Are the Collison brothers looking to spice up their life? According to Reuters and other news outlets, the Collisons’ payments firm, Stripe, has teamed up with private equity firm Advent to make a $53 billion acquisition offer for PayPal. While the aging payments firm has lost the plot in recent years, this is not exactly a generous offer. Though it’s pitched well above PayPal’s recent rock-bottom price, it’s below where... Read more ›
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Skullcandy's new flagship Crusher 1080 headphones blend Bose audio and big bass. Read more ›
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Skullcandy’s audio products aren’t exactly known for their stellar audio quality or noise cancellation, but its latest headphones are getting an assist from Bose to turn things around. Read more ›
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Skullcandy announced a new version of its Crusher wireless headphones today featuring a few of Bose's audio technologies including its QuietControl ANC and head-tracking spatial audio. The Crusher headphone line differentiates itself from the competition through the use of both full-range and dedicated bass drivers in each ear cup to boost deeper frequencies. Skullcandy admits […] Read more ›
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There are three technologies in the Crusher 1080 ANC that have never been in a non-Bose pair of wireless headphones before. Read more ›
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The Skullcandy Crusher 1080 feature three Bose-made tools in a non-Bose headphone for the first time (and without the Bose price tag) Read more ›
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Kevin O'Leary went on several news programs, including Fox News, and accused some critics of his Stratos data center project of being foreign agents. Read more ›
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If you're headed out on the road or into the wilderness, one of these tools could make the difference between a relaxing getaway and a weekend-long hassle. Read more ›
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The Pentagon seeks a cheaper long-range drone after costly MQ-9 losses raised concerns about future battlefield sustainability and affordability. Read more ›
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Mac users should watch out for macOS malware called CrashStealer, according to Jamf Threat Labs. The malware impersonates Apple's crash reporting framework, and it's meant to steal all kinds of sensitive information. CrashStealer collects browser data, password manager data, cryptocurrency wallet extensions, and keychain data, and Jamf first noticed it circulating in a fake Apple-notarized app called Werkbit. With notarization, the malware is not stopped by Gatekeeper, which is part... Read more ›
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Cellular iPads purchased from Apple can now be paid off over three years, making the company’s higher tablet prices easier to manage. Read more ›
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Anthropic is in talks with banks to arrange credit lines worth a few billions of dollars in a move that would increase its access to cash ahead of a planned initial public offering this year, according to people familiar with the matter. The new loans would build on the $2.5 billion, five-year revolving credit facility Anthropic received last year from banks. Companies often expand that type of capacity ahead of... Read more ›
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Roughly 100 wildfires are raging out of control in Ontario, sending smoke streaming more than 1,000 miles from their origin. Read more ›
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Fuel cost United 84% more than normal in the past three months as the war raged on. Read more ›
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Nvidia on Wednesday released a new small, open-source model for “physical” AI that operates in the real world, including for robots. The model, Cosmos 3 Edge, is just 4 billion parameters and can run on a customer’s own computer rather than in a data center. It can act as both a so-called vision ... Read more ›
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Major publishers Hachette, Cengage, Elsevier, and author Scott Turow have sued Google, accusing it of using millions of copyrighted books to train Gemini without permission or payment, in "one of the most prolific infringements of copyrighted materials in history." The Guardian reports: The publishers argue that Google repurposed books that had been supplied for limited services such as Google Books, Google Play Books and Google Scholar. Those services allowed Google... Read more ›
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UK Tech News
Kraken Technology, a Fareham-based maritime defence technology company that specialises in uncrewed autonomous maritime platforms, has raised a $175m (£130m) Series B round. The funding will support Kraken’s continued development of its uncrewed surface vessels and payload capabilities, in addition to expanding localised manufacturing facilities around the world. The Series B round follows a successful ... Read more ›
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The UK life sciences sector has attracted more than £3bn in new public-private investment in the past 12 months, marking the first year of a government plan for the industry. The Life Sciences Sector Plan was launched by the government in July of last year. Backed by significant funding, the plan served as a 10-year ... Read more ›
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Alchemab Therapeutics has extended its Series A financing with £25m from the British Business Bank, marking the Bank’s largest investment in a life sciences company to date. Founded in 2019, Alchemab is a clinical-stage biotechnology company that discovers and develops novel antibody therapeutics by identifying naturally occurring protective antibodies in individuals who show resilience to ... Read more ›
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Security and AI operations company Rubrik has announced plans to invest more than £375m in the UK over the next five years and name London as its EMEA headquarters. Rubrik now serves 2,000 customers across EMEA, and establishing London as the company’s headquarters in the region will help the firm scale its regional operations, access ... Read more ›
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The government’s sixth Investing in Women Code annual progress report shows that signatories are more likely to back women founders than the wider market for the sixth consecutive year. Launched in 2019, the Investing in Women Code is a commitment to support the advancement of women entrepreneurs in the UK by improving access to the ... Read more ›
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The rapid rise in prominence of cloud services and now, AI, despite the obvious economic advantages, is rightly inextricably linked with serious concerns about the UK’s energy capacity. According to Richard Schomberg, the special envoy for smart electrification at the International Electrotechnical Commission (IEC), UK grid connection requests for data centres have surged from 41 ... Read more ›
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Kuba Fast, the former chief executive of Chase UK, has been appointed by Revolut to lead its European banking entity. Fast spent almost seven years at JPMorgan Chase and in that time helped to launch its international consumer banking offering. In 2024 he became the CEO of Chase UK, the Britain-based digital banking entity of ... Read more ›
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London-based autonomous driving firm Wayve has completed the first-ever transaction on the London Stock Exchange’s (LSE) Private Securities Market, letting current employees cash out $85m (£66.7m) in vested equity. The transaction marks the first major real-world test for the UK government’s new Private Intermittent Securities and Capital Exchange System (PISCES) regulatory framework. The platform allows ... Read more ›
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London-based fintech ClearBank has announced the appointment of Ken Johnstone as its new chief product officer to drive its product strategy across the UK and Europe. Johnstone will join ClearBank’s group executive team, where he will oversee the expansion of the firm’s real-time clearing and embedded banking platform. His role will focus on accelerating product ... Read more ›
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Cambridge Innovation Capital (CIC) has appointed Dr Ilana Wisby, the founding CEO of deep tech scaleup Oxford Quantum Circuits (OQC), to its Entrepreneurs in Residence (EIR) programme. Wisby joins the Cambridge-based venture capital firm’s deep tech team, where she will focus on identifying and translating breakthrough quantum computing research into commercially viable spinouts. During her ... Read more ›
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15.07.2026 20:40
Last update: 20:15 EDT.
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