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: ... Read more ›
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Record OS, a self-assessment and making tax digital platform founded by former employees of Wise, has raised $2m (£1.49m) in pre-seed funding. Founders Dhruv Chadha and José Luis De La Peña met as early employees of the remittance giant. They founded Record OS as a tool to manage self-assessment of taxes and has made the ... Read more ›
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UKTN is filled with success stories of how entrepreneurs have turned great ideas into great businesses. Almost without exception, everyone who has made the journey from drawing board to boardroom will have required outside investment to realise their dreams. But what is it that professional investors want to see when they’re trying to pick winners? I ... Read more ›
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The vast majority of UK IT leaders have been hit by unexpected and unplanned AI costs over the past year, according to new research from software group Asana. In a study of UK businesses, Asana found that 82% of IT decision-makers faced such costs in the past 12 months, pointing to a mismatch in cross-departmental ... Read more ›
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Enera, a startup using AI to automate EV driver customer support, has raised $2m (£1.49m) in pre-seed funding. The company was founded to address the issue of inconsistent quality in charging stations for electric vehicles. Though EVs have started to outsell petrol vehicles, the company reports that 29% of charging sessions still fail. Looking to ... Read more ›
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The UK can be considered a global leader in many aspects of artificial intelligence, from research, to startups to investments, but for all the successes of the British AI sector, the public remains among the most sceptical in the world about the future of the technology. For many leaders in the global AI sector, the ... Read more ›
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Electric Twin, an AI startup building synthetic audiences to model human thought, has appointed former cabinet secretary and crossbench peer Simon Case. Case, who served as cabinet secretary and head of the Civil Service from 2020 to 2024 under four different prime ministers, will join the company in one of his first major roles since ... Read more ›
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Tramlines, the newly-launched investor, advisor and venture platform focused on industrialising artificial intelligence, has assembled a senior leadership team drawn from banking, Big Four consulting and global technology. The leadership build coincides with Tramlines completing the first close of its £10m early-stage fund backed by a mix of family offices, exited founders and experienced private ... Read more ›
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The Big Tech’s Little Victims campaign is issuing a final warning to prime minister Keir Starmer ahead of his decision on a social media ban for under-16s, taking its message directly to Westminster with a mobile billboard outside parliament. New polling shows the public backs raising the age of social media access to 16 (70%) ... Read more ›
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Capsa AI, the London and New York-based startup building an AI operating system for private capital, has raised $18m (£13.4m) in Series A funding. The startup says private capital manages over $15 trillion (£11.2 trillion) in assets, yet most of it is still tracked across PDFs, emails and spreadsheets – and investment professionals lose more ... Read more ›
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There is a growing disconnect between Britain’s AI ambitions and the reality of how organisations are deploying AI. With the £500m Sovereign AI Fund launched in April 2026 and a further £2bn to upgrade AI and quantum capabilities, the UK is positioning itself as a global AI leader. Yet many companies are building AI services on ... Read more ›
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Midlands Mindforge, an investment group targeting university spinouts across the Midlands, has deployed its first investments backed by UK government funding. The investment group was established by eight universities in the region, including the University of Warwick, University of Leicester, University of Birmingham and University of Nottingham. The idea is to offer a coordinated investment ... Read more ›
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Alumni Ventures, one of the US’s most active venture capital firms, has opened its first European office in London. The VC has relocated senior leadership to the city, expanded its UK team and invested in companies across the UK and wider EMEA region. Alumni has also launched, registered and completed regulatory onboarding for its new ... Read more ›
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Carbon13 is launching its tenth SEIS fund, Carbon13 SEIS Fund X, with exclusive rights to invest in startups built through its venture builder in Cambridge. Carbon13 is a climate tech venture builder based in Cambridge and Berlin, and has invested in 107 startups since 2021 across the UK and EU. The new fund will invest ... Read more ›
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01Health has raised a $15m (£11.2m) Series A round to support the launch of its platform across the UK and its introduction to the US market. Operational since 2022, 01Health is a healthtech startup designed to bring specialist care to local clinics through a unified technology layer combining clinical protocols, specialist oversight, AI tooling, patient ... Read more ›
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IBM has launched the expansion of IBM SkillsBuild, its free global technology education programme, with a new artificial intelligence (AI) learning pathway designed to equip individuals across all career stages. The free training modules will support the British workforce from entry-level employees to senior leaders and policymakers, helping people across all communities gain access to ... Read more ›
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The UK government is set to announce new measures to boost access to global talent and support high-growth sectors. At a global talent reception on Wednesday, the chancellor will set out two new schemes, including visa fee reimbursement for scale-ups in digital and tech, life sciences and clean energy with the goal of helping firms ... 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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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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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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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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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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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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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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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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13.06.2026 04:16
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