This week’s UK tech funding deals include autonomous driving software group Wayve, fashion re-selling platform The Little Loop and more. UKTN tracked £76.7m worth of UK tech investment this week (13 April to 17 April), a 45% week-on-week increase across seven funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Wayve – ... 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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The UK along with over 60 other nations and international regions, has jointly demanded “urgent regulatory attention” on AI image generation due to its capacity to cause serious harm. The Information Commissioner’s Office (ICO), representing the UK, was one of dozens of international signatories of a joint statement expressing serious concern that AI tools, particularly ... Read more ›
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International interoperability has been cited as the most significant barrier to introducing digital IDs in the UK, according to government-commissioned research. Last year, the Department for Science, Innovation and Technology (DSIT) via its Office for Digital Identities and Attributes, commissioned research to provide evidence on the feasibility of introducing digital IDs for cross-border use. The ... Read more ›
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Investment group Guinness Ventures has announced the launch of Guinness Founders SEIS, a new service designed to invest in early-stage UK companies. Launched under the Seed Enterprise Investment Scheme (SEIS), Guinness Ventures is targeting a raise of £3m, with plans to build a portfolio of up to 20 companies to receive investments between £100,000 and ... Read more ›
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The existing talent shortfall in the UK tech industry is seeing increased pressure due to a drop in skilled migration, new data reveals. According to a Freedom of Information request made by professional services group RSM UK to UK Visas and Immigration, the number of international workers applying for a visa to work in the ... Read more ›
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Digital bank OakNorth has announced the appointment of Virgin Money UK’s Gergely Zaborszky as its new chief financial officer. Pending regulatory approval, Zaborszky will make the move to London-based OakNorth from July of this year, succeeding Rajesh Gupta, who will retire after more than five years at the company. Zaborszky has spent the past six ... Read more ›
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Engine, the banking software-as-a-service offering from the London-based digital bank Starling, is entering its fourth international market through a deal with New Zealand-owned mutual SBS Bank. The bank’s Engine product has been a fast-growing element of Starling’s business. Though it currently earns just a fraction of what the group’s banking operations pulls in, the most ... Read more ›
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This week’s UK tech funding deals include AI workplace safety platform Fyld, satellite-based thermal imaging group SatVu and more. UKTN tracked £99.86m worth of UK tech investment this week (16 February to 20 February), a 21% week-on-week increase across seven funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Fyld – £32m ... Read more ›
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The Enterprise Hub within the Royal Academy of Engineering has been designated as the UK’s top accelerator for spinouts and startups, according to new analysis. Based on the criteria of alumni feedback, external recommendations from investors, entrepreneurs and academics and analysis of the success of startups that go through it, the Enterprise Hub came out ... Read more ›
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Meta has been working with the UK’s National Crime Agency (NCA) to takedown a suspected major scam centre that has been targeting British web users. The suspected centre, based in Nigeria, has been said to be the operational core of a sophisticated online fraud network. It has been said to use fake social media accounts ... Read more ›
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20.04.2026 18:43
Last update: 18:35 EDT.
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