Cykel AI has announced the development of two new autonomous digital workers set to become available early next year. Known as ‘Eve’ and ‘Samson’, the AI-powered agents are made for sales and research analysis respectively, expanding the company’s digital worker portfolio. The additions come just two weeks after the firm launched Lucy, its AI recruitment ... Read more ›
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Shares in Alphawave sunk as much as 20% in early trade after the London-listed business priced its $150m convertible bond raise. The Bonds will be issued at par and will carry a coupon of 3.75% per annum payable semi-annually in arrear in equal instalments in March and September of each year, commencing on 18 March 2025 until maturity in 2030. Alphawave said ... Read more ›
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London-listed IT firm Kainos has brought back its longstanding chief executive Brendan Mooney just months after his departure in an apparent strategic u-turn. Mooney, who has worked for Kainos since 1989, stood down as CEO in September 2023. He was replaced by longtime Kainos employee Russell Sloan. Prior to today’s announcement, the company’s shares had ... Read more ›
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Freddie’s Flowers has cut more than a quarter of its staff as the e-commerce business posted a second consecutive year of declining revenues. The London-based flower subscription business has reduced its total headcount to just over 200, down from 271 last year, accounts filed this week with Companies House show. That is down by nearly ... Read more ›
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The co-founder of Computacenter has joined the ranks of the top doners for Nigel Farage’s Reform UK, having given the party over £100,000. Philip Hulme, who launched the FTSE 250 constituent computing company in 1981, has been a regular donor to the fledgling right wing party, according to newly revealed data from the Electoral Commission. ... Read more ›
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Ori Industries is to become the first company deploy Nvidia’s new H200 chips in the UK as the London tech firm seeks to ramp up its capacity to cater to the rapidly-growing needs of AI businesses. Ori said the powerful GPUs will become available to customers from January 2025, followed by the rollout of Nvidia’s ... Read more ›
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Open banking came out the gate strong in the UK in 2024. It hit a record high for payments in January; the open banking roadmap reached full completion; and the sector hit 11.3 million users in July – 12% up on the month before and double the users in 2022. But it also faced critical challenges. ... Read more ›
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Meme Vault, an Aquis-listed Web3 investment firm, has raised £271,000 from investors as it looks to move operations to the middle east. The company, which previously operated under the names Mortgage Chat and Pitch Pit, raised the funds following the issuance of 1.35 million new shares. “We would like to thank our shareholders for their ... Read more ›
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A software-as-a-service platform that builds interactive 3D models has raised £5m in a Series A funding round. Manchester-based Partful, whose interactive 3D models explode to reveal each product’s individual components, will use the funding to support the automation its SaaS platform and accelerate the company’s growth within the $640bn aftermarket sector. The round was led ... Read more ›
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This week’s podcast guest is Shelley Taylor, founder of trellyz and RefAid, who discusses how coming to the UK from Silicon Valley helped her understand the ‘big picture problems’, how Big Tech has moved away from the tech industry’s roots as a force for good, and the need for non-profits to think like businesses. Through ... Read more ›
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Proposals for more office space in Salford have been scrapped in favour of a new £250m data centre in signs property developers are tearing up plans in a pivot to accommodate surging demand for cloud computing. Last month, billionaire-owned property developer Peel Group received planning permission to construct a complex comprising storage and distribution, research ... Read more ›
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Telecom-as-a-service business Gigs has signed a major partnership with telco giant Vodafone to let startups and scale-ups across the UK build their own mobile services, UKTN can reveal. The tie-up allows Vodafone to lower the barriers to entry and reduce operational overhead for businesses to launch their own Mobile Virtual Network Operator (MVNO) using its ... Read more ›
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Listed tech investor IP Group has banked £15m after selling down its portfolio, the firm said today as it looks to ramp up its share buyback programme. The London-based business said it had made disposals of shares in nine of its portfolio companies, using the proceeds to increase its total spend on share buybacks to ... Read more ›
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A London-based AI hyperscaler has raised $155m in one of the biggest Series A funding rounds of the year in the UK as it capitalises on a surge in compute needed to support artificial intelligence scale-ups. Nscale, which launched from stealth in May 2024, is designing data centre sites to support large supercluster deployments for ... Read more ›
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It’s been a big funding week for London tech firms. This week’s deals include digital bank Zopa, Legal AI tool Lawhive, crypto firm Argo Blockchain and more. UKTN tracked £147.7m worth of UK tech investment this week (2 December to 6 December), a quadrupling of funds raised on last week, across five rounds. Here’s your weekly ... Read more ›
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Zopa has raised £68m from investors as the London fintech prepares to launch its new current account product in 2025. The round was led by round led by Danske Bank investor A.P. Moller, one of the largest investors in Denmark with $32 billion of net asset value. Zopa did not confirm what the funding valued ... Read more ›
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Gareth Burrows is the founder and COO of Breathe HR, a software platform to ease the administrative burden on human resources departments. In this week’s Founder in Five Q&A, Burrows discusses the importance of startups staying focused on their core mission, the danger of falling in love with the product and the importance of making space ... Read more ›
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A prosthetic limb with a “natural-feeling sense of touch” is one of 100 projects to be funded in an £80m government scheme. Announced on Tuesday, researchers at 39 institutes from across the UK will receive a share of a new pool of funding to develop “potentially transformative” ideas in fields ranging from health tech to clean ... Read more ›
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Revolut has made two big-name hires as Britain’s biggest fintech expands its board after receiving a UK banking licence. Banking veterans Sir Peter Estlin and Fiona Fry will be joining the board of Revolut UK with effect today. Fiona Fry, a qualified chartered accountant, has a career spanning more than 40 years in professional services, ... Read more ›
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Picture the scene. You’re an app developer, with a small team based in a medium-sized Midlands town. 4G and 5G coverage has yet to reach the area. You’ve managed to court the attention of a London investor, and he (for it is usually a man, and he’s usually from London) agrees to come up to ... Read more ›
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15.05.2026 02:25
Last update: 02:20 EDT.
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