UK AI and robotics startup Humanoid has signed a phased deployment and supply agreement with Schaeffler to integrate humanoid robots directly into live manufacturing operations. The initial deployment phase, running from December 2026 through June 2027, will take place across two Schaeffler sites in Germany. Schaeffler is a motion technology manufacturer for the automotive, aerospace ... Read more ›
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UK digital bank Kroo has completed a loan portfolio acquisition and entered into a forward flow funding arrangement with specialist bridging lender Glenhawk to support future lending across the UK property market. Under the agreement, Kroo will acquire an existing portfolio of Glenhawk loans while also funding a portion of future bridge loan originations through ... Read more ›
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While much of the world has rushed to embrace AI, perhaps the most enthusiastic users are governments themselves. Certainly, in the UK, the government has made clear not only its support for the sector as a route towards economic growth but has emphatically advocated for its use across public services. As the public sector continues ... Read more ›
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The UK and Europe “can’t rely on the US” to develop thriving space tech industries, according to a leading figure in the sector, as countries move towards a “sovereign approach”. As the home of the largest tech industry, many of the world’s leading experts in the field and the most valuable space company globally, the ... Read more ›
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The UK finds itself at a crucial juncture regarding artificial intelligence. With AI now integrated across a wide range of sectors, the debate has shifted to how it can be implemented in a manner that maintains security and supports sustainable economic progress. Recent initiatives put forward by the Liberal Democrats to reinforce “AI sovereignty” go ... Read more ›
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Quantexa has been awarded a £175m contract and ten-year partnership with HM Revenue and Customs (HMRC) to modernise its data foundation and enable the use of sovereign, governed AI on a national scale in one of the public sector’s largest decision intelligence deployments. London-based Quantexa is a global data, analytics and AI software company using ... Read more ›
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UK AI chip startup Fractile has raised a $220m (£162.8m) Series B round to accelerate the build of its next-generation inference hardware for AI. Inference hardware is designed to run pre-trained AI models and make real-time predictions, decisions or generative outputs. Fractile is developing chips and systems designed to make faster inference economically viable, working ... Read more ›
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New powers to roll out digital IDs, plans to protect data centres from cyber-attacks and financial regulation reforms were among the government plans unveil on Wednesday during the King’s Speech. It is a tumultuous time for Sir Keir Starmer’s Labour government off the back of heavy losses in the recent local elections and a brewing ... Read more ›
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London-headquartered Elliptic has raised $120m (£88.8m) to accelerate its mission to deliver blockchain analytics for banks, fintechs, government agencies and crypto and payments companies. Founded in 2013, Elliptic is a blockchain analytics and compliance platform that provides intelligence, cross‑chain transaction monitoring and risk insights. Its analytics and compliance platform is used to detect illicit activity, ... Read more ›
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Global employee benefits operating system Happl has raised $11m (£8.1m) in an oversubscribed Series A funding round led by Portage Ventures. Founded in 2022, Happl is building a global employee benefits operating system for multinational employers. Its AI-powered platform combines a configurable rules engine, deep integrations and workflow automation to help HR and finance teams ... Read more ›
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The National Wealth Fund has invested £25m in British engineering company Rowden Technologies, marking its first investment directly supporting defence, national security and resilience. The fund is the UK government’s policy bank, which deploys capital to drive investment into the UK’s clean energy and growth industries in support of government policy. The funding will support ... Read more ›
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Google DeepMind spinout Isomorphic Labs has raised $2.1bn (£1.6bn) in Series B funding. Founded in 2021, Isomorphic Labs uses AI to transform and accelerate the drug discovery process. This latest round of investment will scale the companyʼs evolution from pioneering novel AI models to applying them at scale. The Series B round is led by ... Read more ›
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H2CHP, a Durham University spinout developing clean electric generators for data centres and other energy intensive sites, has secured a £1.5m investment round. The company is offering what it calls “fuel-flexible” technology, wherein high-efficiency generators can be run on hydrogen, ammonia, biofuels and e-fuels, mitigating supply-chain risks and reducing emissions with the goal of also ... Read more ›
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Businesses across the UK are being urged to strengthen their cyber defences as the government takes action to protect the economy and essential services from fast-evolving cyber threats. Ministers are urging organisations across the economy to boost their resilience by signing up to a Cyber Resilience Pledge launching later this year. The pledge sets out ... Read more ›
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This week’s podcast guest is Louise Ballard, co-founder of early-stage firm Atheni-ai, who discusses how we move AI usage to the next level, from simply responding to questions to actually building systems that can really benefit businesses and organisations. Ballard also talks about why the UK government’s plans to reskill 10 million workers in AI ... Read more ›
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While some firms have move quickly and embraced AI with open arms, others have firmly resisted. Inadvertently, firms who choose the latter approach are exposing themselves to greater risk. In the absence of clear guidance, employees often take AI adoption into their own hands, in a phenomenon known as shadow AI. AI use within large ... Read more ›
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Paymentology has closed a $175m (£129.4m) funding round to support its ongoing global expansion, product development and the strengthening of its team. The firm is a next-generation issuer processor, supporting fintechs, digital banks and retail banks to launch and manage payment solutions on a global scale. Paymentology says much of the issuing layer of the ... Read more ›
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London-based Fifth Dimension has raised $26m (£19.2m) to accelerate its expansion across the US and Asia Pacific, including a new Singapore office, and deepen the platform’s agentic AI capabilities for real asset investment decisions. Fifth Dimension powers investment decisions by unifying fragmented institutional and market data into a single intelligence layer. This is achieved with ... Read more ›
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London-based AI data centre group Nscale’s meteoric rise continues with a new $790m (£580m) investment. Nscale has raised the additional financing to support the development of an AI data centre in Narvik, Norway. The injection comes just two months after the company was valued at $14bn following a £1.5bn Series C funding round. “Together, these ... Read more ›
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Kaizan has raised £2.5m to develop its AI platform that helps client-centric firms detect client risk, automate service delivery and grow revenue. Kaizan strives to turn fragmented client signals into insights and automations that help companies grow their existing relationships. The platform unifies and analyses communications and account data across emails, calls, chat and internal ... Read more ›
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Edinburgh-based global entertainment tech company Esk has raised £2.6m in a round led by Maven Capital Partners. Esk produces live experiences for blue-chip brands such as Netflix, Paramount and BAFTA. The business specialises in licensing IP from rightsholders and transforming it into live entertainment formats, providing services to promoters and venue operators on an international ... Read more ›
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Mobile gaming analytics, forecasting and user acquisition (UA) startup Kohort has closed a $7m (£5.1m) Series A round to build UA agents for mobile game studios using AI. Kohort’s machine learning-based predictive analytics platform is built for the gaming and consumer sectors, helping mobile game studios, operators, finance teams and investors optimise user acquisition spend ... Read more ›
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Arãya Ventures and Sie Ventures have partnered to launch the Arãya Sie Fund, announcing a £7.5m first close to back female founders building in AI, deeptech, fintech, healthcare and sustainability. The new fund will invest in up to 40 pre-seed and seed-stage companies over the next four years, writing initial cheques of £100k to £300k ... Read more ›
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This week’s UK tech funding deals include quantum computing group Quantum Motion, cultured meat company Meatly and more. UKTN tracked £234m worth of UK tech investment this week (4 May to 8 May), an 86% week-on-week decrease across eight funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Quantum Motion – £117.5m ... Read more ›
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CodeWords, a London-based startup aiming to provide firms with fully autonomous AI agents, has secured a $9m (£6.6m) seed investment. Founded in 2023, CodeWords is aiming to take agentic AI use among businesses to a deeper level. Instead of deploying agents that receive instructions and complete tasks, CodeWords aims to have agents that learn the ... Read more ›
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Shashwat Patel is the founder and chief executive of Perry AI, an AI-based legal tech platform that automates tasks including document reviews and compliance checks. In this week’s Founder in Five Q&A, Patel discusses the importance of understanding who your customers are before you build your product, the practice of ruthless prioritisation and his passion for ... Read more ›
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Seraphim Space Investment Trust has raised £137m from its recent issuance of C-shares announced late last month. The group, which primarily invests across the space technology sector, announced on 27 April that it was looking to raise up to £350m through the offering of C-shares. The decision was made in part to take advantage of ... Read more ›
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14.05.2026 16:03
Last update: 15:55 EDT.
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