This week’s UK tech funding deals include AI engineering platform PhysicsX, tax software platform Record OS and more. UKTN tracked £266.48m worth of UK tech investment this week (08 June to 12 June), a 44% week-on-week decrease across six funding rounds. Here’s your weekly roundup of UK tech startup funding deals. PhysicsX – £225m Sector: ... Read more ›
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With Chancellor Rachel Reeves’ promise to “invest, invest, invest”, the Autumn Budget was the first clear indication of the new government’s priorities for driving economic growth. In the preceding PMQs, the outgoing Leader of the Opposition urged the Prime Minister to “channel his inner tech bro”. And while there were some encouraging announcements on this ... Read more ›
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The government speaks positively about technology at the core of their strategy, referring to a ‘technology-enabled’ approach in their reforms to public service. This budget included and made a commitment of $2bn in NHS digital technology. The word ‘technology’ appears 34 times on the Autumn budget policy paper – where it is also clear there ... Read more ›
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A startup using AI and computer vision to support the management of surgical tools and implants has closed a £3.8m funding round. Scalpel AI was founded in 2017 by two doctors who had witnessed critical errors from the mismanagement of surgical tools. The Essex-based company has developed technology to identify and track the performance of ... Read more ›
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The first budget statement from the recently formed Labour government has been delivered and with it, came tax rises for employers and asset holders, a major increase in public spending and a reiterated declaration from Rachel Reeves that driving investment and growth is the top priority in Keir Starmer’s premiership. As expected, the opposition was ... Read more ›
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Chancellor Rachel Reeves has delivered the 2024 Autumn budget, with key tech policies including funding for clean energy and climate tech projects, support for the life sciences sector and the protection of R&D tax relief. The budget speech also included a number of tax policy announcements affecting the financial burden on founders and investors. Here ... Read more ›
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Today, Chancellor of the Exchequer Rachel Reeves will deliver the Labour government’s first budget statement speech since coming to power in July. At around 12:30 pm on Wednesday, Reeves, who will become the first woman chancellor to deliver a budget speech, will unveil key areas of fiscal policy that will guide the direction of this ... Read more ›
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Imperial College London is targeting 100 new funded science and tech partnerships in 2025 with US firms following the launch of its Silicon Valley base. The British university has become the first to establish a permanent science and technology base on US soil with the launch of Imperial Global USA. The Californian physical presence of ... Read more ›
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The chief executive of Welsh semiconductor manufacturer IQE has left the company amid a slump in the group’s share value. Americo Lemos, 57, who has run the chip firm since 2022, has left the company with immediate effect. IQE shares have been dropping in recent months amid concerns over the pace of recovery in the ... Read more ›
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Octopus and Mercia-backed health tech startup Semble has closed a $15m (£11.6m) Series B funding round as it looks to expand overseas. London-based Semble has developed a clinical system to replace the outdated technology that many medical providers operate with. The British Medical Association recently estimated that doctors in England lose more than 13 million ... Read more ›
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Google-backed autonomous driving technology firm Oxa has launched its self-driving technology for Ford E-transit vans and minibuses onto British and American roads. The Oxford-based self-driving vehicle software group is looking to accelerate the commercialisation of its technology, with the hopes that its Ford E-Transit launch represents a major stepping stone in the wider release of ... Read more ›
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This week’s podcast guest is Martina King, CEO of Featurespace, who discusses why fraud has been an issue since the dawn of humanity, how the big banks are spending massive amounts on anti-fraud measures and only catching around half of all cases, and growing a company from a startup to a success story with interest from ... Read more ›
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Wise co-founder and CEO Kristo Käärmann has been fined £350,000 for breaching a senior manager conduct rule. The fintech executive was fined by the Financial Conduct Authority (FCA) for not disclosing to the watchdog previous regulatory breaches during its assessment of his fitness and propriety. The FCA said Käärmann did not properly consider the significance ... Read more ›
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There were high hopes among senior ranks of UK tech that a fresh Labour government would mark a reset in relations with the sector, ushering in a wave of new investment and unleashing the talents in top tech firms to drive digital transformation inside the operations of the state. But nearly four months on from ... Read more ›
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Quantum mechanics holds the key to understanding many aspects of the physical world, and for decades scientists and engineers across the globe have been developing technologies able to harness its unique properties for useful applications. Quantum computing – where the classical ‘bit’ of information is replaced by its quantum equivalent – is one of these ... Read more ›
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For IT managed service providers (MSPs), a buy and build strategy offers a powerful pathway to rapid growth and increasing shareholder value through increased profits and multiple arbitrage. However, success requires careful planning, effective integration and sound financial management. What is a buy and build strategy? A buy and build strategy is where a core ... Read more ›
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A reality TV star and social media influencer who was reprimanded for promoting risky investments to his followers is still actively endorsing cryptoasset products. Scott Timlin, known for appearing on MTV UK’s The Geordie Shore and winning the 2016 season of Celebrity Big Brother, was alleged by the UK financial regulator to have dangerously promoted ... Read more ›
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This week’s UK tech funding deals include photonics-based AI processor developer Oriole Networks, automated contract drafting platform Genie AI, nightlife venue navigation app Where You At and more. UKTN tracked £37.4m worth of UK tech investment this week (21 October to 25 October) in a fairly slow week for startup funding. Here’s your weekly roundup ... Read more ›
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The UK’s competition regulator began an an investigation into Google’s investment into Anthropic on Friday as it explores the concentration of market power in artificial intelligence. The Competition and Markets Authority said its preliminary probe will conclude by 19 December, by which point it will take a decision on whether to commence a full-scale, phase ... Read more ›
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Royden Greaves is the founder and CEO of Jarvis, a London-based fintech app for managing personal and workplace pension jars. In this week’s Founder in Five Q&A, Greaves discusses the challenge of launching in the competitive UK market, how so many misunderstand the technology behind the blockchain and why the concept of the metaverse is ... Read more ›
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As women’s safety continues to be highlighted as a major area of concern for the government, startups combatting nighttime dangers are popping up to give confidence back to consumers. There are startups to keep solo travellers safe abroad, to keep women safe while walking alone in the evenings and Where You At, an app designed ... Read more ›
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16.06.2026 01:14
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