US AI giant OpenAI has announced plans to establish London as its largest research hub outside of its home city of San Francisco. OpenAI has been working extensively in the British tech and AI ecosystem. The company’s first international office was established in London in 2023, it has launched a UK-based accelerator programme in partnership ... Read more ›
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Government ministers have called on the UK’s regulatory bodies to publish plans outlining how they can each support the safe adoption of AI across their jurisdictions. Technology Secretary Liz Kendall and her predecessor, now serving as Business Secretary, Peter Kyle, jointly wrote to the 19 regulators deemed to be responsible for the sectors with the ... Read more ›
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SolveAI, a London-based startup building a no-code automated software development platform, has raised $45m (£33.3m) Series A round led by Google Ventures. Alongside the new funding round, SolveAI has also announced a previously undeclared $5m (£3.7m) seed investment led by Accel. Founded in 2025 by former Palantir engineer Steve Basher, SolveAI has built its platform ... Read more ›
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Fintech group ClearBank has moved into its new headquarters in the City of London’s Broadgate Tower, announced at an opening event with Economic Secretary to the Treasury Lucy Rigby. Though ClearBank has stated its plans to heavily target overseas expansion, having recently appointed former Uber payments boss Tristan Kirchner as its European chief executive, the ... Read more ›
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Seraphim Space, a venture capital investment group focused solely on the space tech industry, has exceeded $100m (£74m) at the close of its latest fund. An early-stage venture fund, the investment vehicle has so far backed 17 companies, all based around how advanced space technology, combined with AI, can make a major impact on the ... Read more ›
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Allica Bank, a challenger lender that works with SMEs, has been crowned as the UK’s latest fintech unicorn after a new $155m (£114.7m) Series D round valued it at $1.2bn. First launched in its current state in 2019, London-headquartered Allica Bank currently works with more than 30,000 SMEs across the UK, representing as much as ... Read more ›
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As part of the government’s continuing efforts to meet its pledge to stop violence against women and girls as well as to protect young people from digital harms via the Online Safety Act (OSA), the signs are pointing to a complete ban of social media for children. Talks of a ban have been happening for ... Read more ›
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The British Business Bank and VC group Haatch have committed £32m to back promising and diverse angel syndicates in the UK. The capital is being invested via a platform managed by Haatch, an existing partner of British Business Bank, with more angel investment syndicates set to be onboarded in the coming months. Syndicates already part ... Read more ›
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BeyondMath, a London-based deep tech firm developing a “generative physics model” to conduct engineering simulations, has raised $10m (£7.4m) in a seed extension round. The extension brings the company’s completed seed round to a total of £13.8m. BeyondMath was founded by ex-Google employees as a way to provide advanced engineering teams the ability to generate ... Read more ›
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AI is now embedded in how UK SMEs operate, and from marketing automation to financial forecasting, its tools promise speed, efficiency and cost savings. It is therefore no surprise that so many founders juggling strained budgets and an unclear financial climate are now turning to AI-generated legal advice and DIY contract templates as part of ... Read more ›
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Upskilling edtech unicorn Multiverse has appointed Amazon’s VP for product and technology Jay Richman as its new chief product officer. A veteran of tech product management, Richman has been at Amazon for the past three years where he led the development of agentic AI systems. Before that Richman spent almost a decade at Spotify, holding ... Read more ›
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London-based autonomous driving software group Wayve has been valued at $8.6bn after raising a $1.2bn (£888m) Series D investment round. With its new valuation secured, Wayve takes its place among the most valuable AI companies in the UK, second only to voice generation company ElevenLabs, worth $11bn. At various times Wayve has held the top ... Read more ›
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Social media platform Reddit has been handed a £14.47m fine by the UK’s Information Commissioner’s Office (ICO) for failing to apply robust age assurance mechanisms to protect the personal information of young children. An ICO investigation into Reddit found that children’s personal information was being used by the platform unlawfully. According to the data watchdog, ... Read more ›
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At a time when the global tech industry is at both its toughest period and an age of unmatched technological advancement, simply understanding the challenges impacted businesses is hard, let alone overcoming them. In this exclusive interview with UKTN, Stephen Kelly, a veteran of the global tech industry, discusses how businesses today are facing an unprecedented ... Read more ›
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Brainomix, an Oxford-based developer of AI imaging tools for stroke and lung fibrosis, has extended its Series C round with a new £4.8m investment. The new funding will support the expansion of the British biotech firm’s US operations, which currently consist of an extensive portfolio of FDA-cleared AI imaging solutions. As well as expanding its ... Read more ›
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AI has moved well beyond the trial phase for many Northern businesses. The question now is less about whether companies will use it, and more about how quickly they can turn early adoption into something that moves the dial. That was the backdrop to a roundtable hosted by RSM in partnership with UKTN which brought ... Read more ›
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Canva, the Australian graphic design software giant, has announced the acquisition of Cavalry, a Manchester-based 2D animation platform. Founded in 2019, Cavalry is used by motion designers to make the production of 2D animation faster and more efficient. The group created its platform with data integration at the core of its function, allowing the integration ... Read more ›
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Centauri Therapeutics, a biotech company based in Cheshire’s Alderley Park, has secured a £30m Series A funding round to support the completion of clinical studies for its antimicrobial treatments. The drug discovery company, which develops immunotherapy treatments, is working towards the completion of Phase I clinical studies for CTX-187, its lead clinical candiate in the ... Read more ›
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This week’s podcast guest is Finn Stevenson, co-founder and chief executive officer of Flok Health, who discusses the slow pace of change and the strategic shortfalls of public health organisations, the real-world health impact of these challenges and why tech is one part of the solution needed. Flok Health is an AI-powered physiotherapy clinic that provides ... Read more ›
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Ofcom has issued the largest fine to date under the Online Safety Act (OSA), demanding that 8579 LLC pays £1.35m for failing to implement age verification on its pornographic sites. The regulator launched an investigation into the company, which owns dozens of adult sites, days after the OSA’s age-restricted content rules came into force in ... Read more ›
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22.04.2026 08:53
Last update: 08:46 EDT.
News rating updated: 15:40.
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