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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Stability AI has hired Terminator and Avatar director James Cameron as the London AI group looks to bring its technology to the creative sector. Known for championing burgeoning filmmaking technologies like CGI, Cameron was appointed by the AI unicorn to offer an artistic perspective to Stability’s suite of storytelling tools. “James Cameron lives in the ... Read more ›
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Stuart Neal, CEO of London-listed fintech Boku is “really pleased” with the group’s half-year results, having posted a revenue bump of 24%. Boku is a localised payment solutions provider with products including mobile payments and digital wallets. The group, which listed on London’s AIM exchange in 2017, reported revenue of $47.3m (£35.4m) for the six ... Read more ›
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Personal Group today upped its dividend as the company hailed a successful migration of customers to its new digital benefits platform. The insurance and employee benefits business said 40% of clients had now transitioned to its Hapi 2.0 platform, with a 100% migration expected by the end of the year, paving the way for more ... Read more ›
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Sales have surged at Raspberry Pi in the company’s first published results as a listed business following a successful IPO. The firm reported revenues of $144m for the first six months of the year, a jump of 61% on the previous year, while pre-tax profits nudged up slightly to $10.8m. But the computing firm warned ... Read more ›
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This week’s podcast guest is James Codling, managing partner at Volution. Codling discusses how despite a slowdown in funding and concerns over profits, the UK is still seen globally as a massive hub for fintech, how the hype around British fintech successes is not always spread evenly and why building a bank is the most ... Read more ›
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ChatGPT-maker OpenAI is “in favour” of the UK enacting legislation governing generative AI and called for it to “incentivise safety practices” as the firm attempts to kindle friendly relations with the new Labour government. Speaking at the Labour Party Conference on Monday, OpenAI’s head of UK policy Brittany Smith said the Microsoft-backed tech giant is ... Read more ›
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The AI Safety Summit, hosted by the UK last November was a “damp squib” that “didn’t go anywhere” according to a Labour MP as the party seeks to distance itself from the previous administration on key tech policy matters. Speaking at a technology panel at the 2024 Labour Party Conference, Exeter MP Steve Race said ... Read more ›
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British generative AI legal tech startup Luminance is opening its doors in Dallas, Texas as it looks to expand further into the States. Luminance, which this year raised over £30m in a Series B round led by US investor March Capital, has developed a large language model (LLM) to automate legal tasks including contract generation, ... Read more ›
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London-based fintech Payhawk posted heavy losses for 2023 despite more than doubling revenue. Based in Chancery Lane, Payhawk is a tool for managing corporate expenses, invoices, and company cards. The company works with clients including Microsoft, QuickBooks and Oracle NetSuite. The group reported a loss of €32m (£26.8m) for the year ended December 2023, 80% ... Read more ›
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An Australian property company backed by billionaire Rupert Murdoch has raised the stakes in its takeover plans for Rightmove, submitting a third bid after the company’s shareholders rejected two previous offers. Melbourne-based REA, which is majority-owned by Murdoch’s News Corp Australia, on Monday unveiled the fresh bid of 341 pence in cash per share plus ... Read more ›
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Shares in Alphawave IP plummeted by as much as a third in the opening minutes of trade in London after the semiconductor IP business posted a more than halving in revenues and cut its guidance for the rest of the year. The Leeds-based business posted sales of $91m in the first six months of the ... Read more ›
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Oxford Metrics has slashed its guidance for the rest of the financial year as the smart sensing and software company warned on the ‘greater caution’ it was seeing among customers. The Yarnton-based business warned its full-year pre-tax profits would come in “materially below” current market expectations of £7.8m, while it cut back expected revenues of ... Read more ›
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The UK has long been fertile ground for startups, offering a home to new ideas and cutting-edge solutions. The tech sector adds an enormous £150bn to the economy each year, employs more than 1.7m people, and while London leads the charge, cities like Birmingham, Bristol and Manchester have each become vibrant tech hubs in their own right. ... Read more ›
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This week’s UK tech funding deals include challenger credit card fintech Yonder, carbon reporting platform Zevero, surgical solutions group Alesi and more. UKTN tracked £53.1m worth of UK tech investment this week (16 September to 20 September), a 50% week-on-week decrease across five funding rounds. Here’s your weekly roundup of UK tech startup funding deals. ... Read more ›
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The use of AI to create “hyper-personalised” insurance plans risks leaving consumers “uninsurable” and could increase “discrimination”, warned the chief UK financial watchdog. Speaking at the StepChange Connected conference in Leeds, Financial Conduct Authority (FCA) chief executive Nikhil Rathi discussed the incorporation of AI technologies in financial services. “We want safe and responsible use of ... Read more ›
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Aran Brown is the co-founder and CEO of Navro, a startup that provides international businesses with payments infrastructure through its API. Navro launched in 2022 and this year raised $14m (£10.5m) in a funding round featuring Bain Capital, Motive Partners and Unusual Ventures. In this week’s Founder in Five Q&A, Brown discusses strategic hires, promoting ... Read more ›
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Sales fell by more than a third at bioplastics business Biome as the company warned on ‘regulatory difficulties’ suffered by two of its largest customers. The Southampton-based company reported revenues of £2.3m for the first six months of the year, a drop of around 36% compared to the previous year, while losses jumped by 76% ... Read more ›
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The progress in closing the tech gender and diversity gap is “not quick enough” according to the British Computer Society. Speaking in an interview with UKTN, Julia Adamson, managing director for public benefit at BCS said the industry is still having the same conversations it has been having for years concerning equal opportunities for tech ... Read more ›
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Fewer than one in five businesses say their software testing practices are efficient, new research has found, highlighting the scale of precarity of many companies’ IT systems the in the wake of a string of recent high-profile outages disrupting global infrastructure. Although 85% of total respondents to a survey commissioned by Leapwork say they have integrated ... Read more ›
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The government has been urged by civil society organisations to ensure a rollout of digital ID does not discriminate against ethnic minorities. Careful Industries, Open Rights Group and Amnesty International have jointly warned that digital identification technology poses serious concerns to people of colour. The groups claimed that government plans for digital IDs “lack transparency” ... Read more ›
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16.06.2026 05:47
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