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This week’s UK tech funding deals include AI material discovery company CuspAI, biomaterial developer Ponda and more. UKTN tracked £565.3m worth of UK tech investment this week (20 July to 24 July), a more than 400% week-on-week increase across 11 funding rounds. Here’s your weekly roundup of UK tech startup funding deals. CuspAI – £334m ...
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Cambridge-based firm CuspAI, which is building an AI system for materials discovery, has raised a $450m (£334m) Series B round. The mega round was led by Kleiner Perkins and NEA, with significant participation from Jeff Bezos’ Bezos Expeditions. The round values Cusp at $2.6bn (£1.9bn) and will allow the firm to grow faster across the ... Read more ›
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Figures in the UK tech industry have warned incoming Prime Minister Andy Burnham against rumoured plans to break up the recently-formed Technology Department, citing fears that disruption will only hamper the progress of the industry. Reports over the weekend have claimed that the Burnham team is considering breaking up the Department for Science, Innovation and ... Read more ›
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EDF Small Business has launched a grant to help small businesses overcome the upfront cost of investing in greener technologies and practical sustainability improvements. Launched in partnership with Enterprise Nation and with support from business technology and payments platform Square, the initiative will provide five £5,000 grants to help small businesses invest in practical sustainability ... Read more ›
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Prime Minister Andy Burnham has scrapped the Department for Science, Innovation and Technology (DSIT) despite strong warnings from the tech industry against doing so. Burnham officially became prime minister on Monday and as part of the assembling of his cabinet, following media speculation, scrapped DSIT, the science and tech-focused department established in 2023. Among the ... Read more ›
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24.07.2026 10:21
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