This weekâs UK tech funding deals include AI engineering platform PhysicsX, tax software platform Record OS and more. UKTN tracked ÂŁ266.48m worth of UK tech investment this week (08 June to 12 June), a 44% week-on-week decrease across six funding rounds. Hereâs your weekly roundup of UK tech startup funding deals. PhysicsX â ÂŁ225m Sector: ... Read more âș
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The boss of the organisation behind Britainâs first AI growth zone has said he has âexciting plansâ for the science campus on which it will be built after it was unveiled as a future hub for artificial intelligence in a government report. Tim Bestwick, who was appointed the UK Atomic Energy Authorityâs Chief Technology Officer ... Read more âș
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Oxfordshire semiconductor firm EnSilica will receive ÂŁ10m from the UK Space Agency to develop OneWeb-compatible chips as part of a wider funding scheme to bolster Britainâs satellite market. The government contract comes just months after the London-listed chipmaker warned it would not be able to continue trading over the next year without a cash injection. ... Read more âș
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GoCardless has axed 20% of its staff in a bid to cut costs as it eyes full-year profitability. The London fintech reduced its staff headcount from 764 to just over 600 in the second quarter of 2024, according to accounts filed by Companies House, as it vowed to hit profitability âwithin the next two yearsâ, ... Read more âș
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Digital identification company Onfido cut almost a fifth of its workforce, as revealed in its first results since being acquired by US firm Entrust. The groupâs financial report for the year ended January 2024 saw the average employee headcount fall by 19% to 224 people, which helped cut Onfidoâs operating loss from ÂŁ31.9m to ÂŁ12m. ... Read more âș
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It wasnât easy getting to Culham â there is no direct service from London. Instead, a train from Paddington takes you to Didcot, where you can catch an hourly, two-car diesel service to the village. As the train gently chugged into Culham station, belching fumes, I looked around to see a ticket office, a row ... Read more âș
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This weekâs UK tech funding deals include AI firm ElevenLabs, payments firm Sokin and wealth management platform Prosper. UKTNÂ tracked ÂŁ54m worth of UK tech investment this week (20th to 24th January), in our third funding roundup of 2025. Hereâs your weekly roundup of UK tech startup funding deals. Iplicit â ÂŁ25m Sector: Accounting HQ:Â London Round: ... Read more âș
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Shivani Shah, the CTO and co-founder of Samp, an AI-powered âShared Realityâ platform that turns simple 3D scans into intelligent virtual replicas of industrial sites. With a PhD in machine learning and a mission to solve deep technical and societal challenges, Shivani is at the forefront of leveraging AI and 3D technology to digitally transform ... Read more âș
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London fintech Sokin has secured $15m debt funding from funds and accounts managed by BlackRock as it accelerates its plans for growth. The payments business, which was founded in 2019, said the funding would allow it to grow its market share, develop new products which enhance its proposition and significantly scale its team including new ... Read more âș
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Shares in Maintel sunk as much as 16% in early London trade after the cloud, network and communications services firm warned on forthcoming regulatory headwinds. The London and Blackburn-based business said the termination of several customer contracts as well as tax hikes announced by chancellor Rachel Reeves in November were putting added pressure on the ... Read more âș
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In the few short weeks since the Government announced the AI Opportunities Action Plan, the AI landscape has shifted dramatically. From a new âPro AIâ administration in Washington, to the unexpected release of DeepSeek, thereâs a risk that the UKâs carefully curated plan may already be outdated. Januaryâs events have presented several very pressing questions ... Read more âș
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A campaign group has called for an end to commercial âlock-inâ in the cloud market in a bid to give domestic operators a greater opportunity to compete. The Open Cloud Coalition, which was formed in October last year, condemned the âanti-competitive practicesâ by Big Tech cloud operators such as discriminatory licensing, lack of interoperability and ... Read more âș
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The biggest operator of e-bikes in London has vowed to sort out the capitalâs e-bike parking problem after unveiling a ÂŁ20m âaction planâ. The California-based business said the five-point plan will help deal with the fallout from rising demand for e-bikes, leading to overcrowded parking areas and poorly parked e-bikes. That will be led by ... Read more âș
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HR management platform Zelt has raised $6m in fundraising to expand its product set and offer services in new territories. The London-based business has designed software allowing organisations to manage their workforce across the employee lifecycle in a single system, simplifying and automating people processes across HR, Finance and IT functions and allowing them to ... Read more âș
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Open Banking startup Yavrio has raised $2.4m in a seed funding round to help support its mission to modernise the enterprise resource planning (ERP) space. The London fintech has been setup to eradicate error- and fraud-prone CSV file imports in ERP systems, many of which do not have embedded banking or payments and still rely ... Read more âș
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A London-based app business looking to become a âShazam for artâ has raised ÂŁ1.5m in a funding round. Founded in 2015, Smartify is an app and digital platform that partners with leading arts and cultural institutions worldwide to enhance visitorsâ experience with audio and visual guides. The firm said the investment will accelerate Smartifyâs mission to ... Read more âș
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A platform seeking to to ditch âpainful PDFs and old fashioned technologyâ from the wealth management industry has raised ÂŁ4m in a funding round. The platform, which has over ÂŁ200 million in assets under administration, is seeking to be at the forefront of transforming wealth management by combining innovative technology with expert financial insights. With ... Read more âș
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Raspberry Pi shares fell as much as 6% in early London trade after the computing firm said it expected to report a fall in earnings. The Cambridge-based business said it anticipated full-year EBITDA of not less than $36m for 2024, a drop of 17% compared to the previous year and below market expectations of $36m. ... Read more âș
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Poor levels of competition in the cloud market could be costing the UK hundreds of millions of pounds a year, a study by Britainâs competition regulator has found. The Competition and Markets Authority (CMA) said it had provisionally found that there are adverse market effects in cloud services provided in the UK, meaning that competition ... Read more âș
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Computacenter has said a planned rise in National Insurance Contributions (NICs) will cost it as much as ÂŁ5m in 2025, highlighting the scale of the cost pressures that the tax hike will put on large employers in the sector. The Hatfield-based technology and services provider, which made the prediction in a trading update on Tuesday, ... Read more âș
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There are few Brits better positioned to give advice to startups than Robin Saxby. As the founding CEO of Arm, he led the firm from humble beginnings as a startup based out of a barn in Cambridge to be worth over $10bn. Though he left the company to retire in 2006, the foundations he laid ... Read more âș
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15.06.2026 14:04
Last update: 13:55 EDT.
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