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This week’s UK tech funding deals include AI engineering platform PhysicsX, tax software platform Record OS and more. UKTN tracked £266.48m worth of UK tech investment this week (08 June to 12 June), a 44% week-on-week decrease across six funding rounds. Here’s your weekly roundup of UK tech startup funding deals. PhysicsX – £225m Sector: ...
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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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It looks like Meta is having a rough Friday morning. Starting shortly before 10 AM ET, reports began to spike from users unable to access both Facebook and WhatsApp, with the number of complaints continuing to climb. Read more ›
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Apple introduced new content in its Fitness+ subscription service this week, including a new menopause-focused workout program. Fitness+ gains "Strong Through Menopause," a progressive three-week program featuring weekly Yoga and Strength workouts designed to help users navigating perimenopause and menopause build strength, improve balance and mobility, and reduce stress. A new episode of Time to Walk also features actor Busy Philipps, who shares stories from her life including her own... Read more ›
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The onetime FTX CEO did not persuade a panel of judges that his trial was unfair, the appeals court panel ruled Friday. Read more ›
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This as-told-to essay is based on conversations with Rory Phillips-Hunter, a 37-year-old estate and maintenance manager from the UK. Read more ›
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Amazon founder Jeff Bezos says his new AI startup will work toward developing an "artificial general engineer," according to reports from The New York Times and CNBC. The startup, called Prometheus, aims to develop AI-powered engineering tools to aid in the design of physical products. The NYT first reported on Prometheus last November, but now […] Read more ›
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The UK tech sector has reached a $1.6 trillion (£1.2 trillion) valuation according to The Tech Nation Report 2026, launched today on the AI stage at London Tech Week. Published by Tech Nation, part of Founders Forum Group, the report shows UK AI startups raised more than $11bn (£8.2bn) in venture capital in the first ... Read more ›
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UK-based Creator Fund, the pre-seed VC that finds and backs Europe’s scientific founders before they have a pitch deck, has closed its first European fund at $56m (£42m). Creator Fund’s Scientific Founder programme is the engine behind its European deal flow. Each year, 40 venture fellows are selected and embedded across 30 universities in 10 ... Read more ›
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AMD is to invest up to £2bn over the next five years in the UK to accelerate AI innovation and research and expand access to the compute resources needed for long-term economic growth and scientific leadership. Speaking at London Tech Week, AMD’s chair and CEO Dr. Lisa Su outlined a series of investments and strategic ... Read more ›
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European satellite manufacturer NewOrbit has closed a $18.5m (£13.9m) Series A to open near-Earth orbits to commercial space flights. NewOrbit is building satellites for Very Low Earth Orbit (VLEO), a band of near-Earth space at 200-300km above ground historically reserved for spy satellites and the International Space Station. By flying closer to Earth, NewOrbit’s satellites ... Read more ›
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Regionally focused lender Palatine Growth Credit has passed a £50m committed limit milestone as it pledges to support tech clusters across the UK. The milestone has come less than two years after the first deal was made from the group’s £81m growth credit fund. In that time it has completed 13 deals with more expected ... Read more ›
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The UK government has launched a new AI Hardware Plan to bolster the country’s ability to develop and deploy AI technologies, backed by £1.1bn of funding. Announced by Technology Secretary Liz Kendall on Monday at London Tech Week, the plan sets out how the government aims to support Britain’s semiconductor sector so that it can ... Read more ›
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PhysicsX, the physics AI company for industrials, has secured an oversubscribed $300m (£225m) Series C round. PhysicsX is developing and deploying its AI-native engineering platform to accelerate hardware innovation and drive engineering and manufacturing productivity in industrial organisations. The firm says sectors that build the world’s most critical hardware like aerospace and defense, energy, semiconductors, ... Read more ›
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This week’s podcast guest is Yasmin Baba, who discusses pitching her early-stage health tech startup to a room full of men, how she coped with bootstrapping by “being a minimalist with big dreams” and how she believes that better data can bring down the half a million plus women on gynaecology waiting lists. Plus, why, ... Read more ›
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The UK government has launched a series of new initiatives worth over £200m to accelerate AI adoption and skills for workers and young people. At the first-ever AI Adoption Summit on Monday, the government brought together tech companies, trade unions and industry leaders with the aim to drive the adoption of AI in ways that ... Read more ›
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Multiverse, the upskilling platform for AI and tech adoption, has opened its new technology hub in Edinburgh. The news follows its recent $70m (£52.3m) funding round, with the new hub marking an expansion of Multiverse’s engineering footprint and places an additional centre of technical excellence outside of London. Former Amazon leader Colin Mackenzie has been ... Read more ›
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12.06.2026 10:38
Last update: 10:30 EDT.
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