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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The UK’s competition regulator has pushed back the deadline for its report into the state of the UK’s cloud market as it embarks on a deeper probe into the industry. The Competition and Markets Authority today said it had extended the deadline by four months, from its original date of 4 April 2025 to 4 ... Read more ›
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The UK will in November host a follow-up to the AI Safety Summits focused on implementing commitments made. The conference, which will take place in San Francisco on 21 and 22 November, follows the Bletchley Park AI Safety Summit in November 2023 and the Seoul summit last May. The California event will bring together AI ... Read more ›
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Credit card challenger startup Yonder has raised £23.4m as it looks to expand its rewards offering for young users. Coming off the back of its £12.5m Series A last year, which also saw it secure £50m in debt financing, Yonder hopes the new investment can help it become the go-to rewards card for Millennials and ... Read more ›
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A matter of weeks separated the end of summer recess in parliament from party conference season – a reminder of just how congested the political calendar is. While observers will note the new government has had little time actually in office, it is nonetheless possible to offer a preliminary assessment of its initial progress – ... Read more ›
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KR1 has seen as much as £50m wiped from its portfolio since the start of the year as the crypto investment firm warned of a ‘period of consolidation’ in the market. The Isle of Man-based digital asset investment firm today reported a fall in the value of its assets from £196m at the end of ... Read more ›
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UK chipmaker EnSilica has unveiled a new partnership with Taiwan’s biggest semiconductor business in a bid to turbocharge the development of its innovative technology. The Berkshire-based developer of application specific integrated circuits (ASICs) said it had joined the Design Center Alliance of the Taiwan Semiconductor Manufacturing Company’s Open Innovation Platform. The platform seeks to reduce design ... Read more ›
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Global economic uncertainty, political instability, and the ravages of the pandemic all impacted investor confidence in London. Yet my company, Abound, managed two of the largest fundraising rounds in London and Europe in recent years amid these significant pressures. While our journey was tough, the good news is that conditions are now improving. Last ... Read more ›
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Self-driving vehicle software group Oxa has bolstered its position in industrial logistics with the acquisition of StreetDrone. Backed by Google, Oxa develops the software behind autonomous vehicles. The group has supported the rollout of self-driving bus and shuttle services. The company announced on Wednesday it had acquired StreetDrone, an Oxford-based startup that specialises in industrial ... Read more ›
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AI algorithms are convincing shoppers to buy more and more, according to the company behind many of the UK’s biggest supermarket loyalty schemes. Eagle Eye, which works with retailers on customer promotions through loyalty schemes such as Tesco’s Clubcard, has described how the group’s recent adoption of AI created an opportunity to turn small shopping ... Read more ›
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A small-batch cheese producer based in the Lake District has become the latest dairy manufacturer to roll out IoT technology as the industry looks to tech solutions to fine-tune processes and deliver efficiencies. Maurice Walton, owner of Appleby Creamery, has deployed the IoT devices to monitor energy use and temperatures across the creamery’s Eden Valley ... Read more ›
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A government-sponsored scheme to boost funding for women founders has encouraged just 4% more investment deals for female-founded companies than the industry average. The latest annual report on the Investing in Women Code from the Department for Business and Trade found that over two-thirds (68%) of VC deals made by its signatories last year were ... Read more ›
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A successful M&A project requires a robust business exit strategy. What are some key tips to ensure a deal goes to plan? To find out how to successfully navigate the M&A process, corporate finance advisers Moore Kingston Smith and UKTN brought together four business leaders with experience buying or selling a tech company. Here are ... Read more ›
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The entrepreneur behind London Tech Drinks has relaunched the forum as Gather, a community of almost 10,000 investors, founders, operators and service providers focused on connecting the tech ecosystem. Mark Shepherd, who began the gathering as an informal meet-up between London tech founders organised via LinkedIn, has now formalised the community to offer deeper networks ... Read more ›
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A former C-suit executive for Remitly and Ancestry has joined Hampshire marketing tech firm Exclaimer as its new CEO. Rob Singer most recently worked as CEO of audio software firm Native Instruments after four years at Remitly and five at Ancestry as its chief marketing officer. “Rob’s extensive experience in technology and marketing, and proven ... Read more ›
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Zevero, a platform for reporting carbon emissions, has raised $7m (£5.3m) in its first seed investment round. Jointly based in London and Singapore, Zevero works with clients operating with large supply chains. The Zevero platform allows clients to understand the climate impact across their supply chain and offers solutions to meet sustainability goals. “At Zevero, ... Read more ›
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A new AI testing facility from Vespertec featuring technology from Nvidia has opened in Stockport. The Greater Manchester town will host the AI lab, which will be offering test drive services to developers. Vespertec’s Test Drive Programme will allow customers to explore, benchmark and validate relevant technologies. The programme can be accessed remotely. The site ... Read more ›
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Learning Technologies Group has pointed to high inflation and the growth in AI adoption as it posted a drop in revenues and cut back its forecasts. The London-based edtech, which provides businesses with digital learning and talent management services, reported a 12% drop in revenue to £250m for the first six months of the year. ... Read more ›
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Dr Nick New, CEO of Optalysys, discusses why the UK must already start preparing for the benefits and the risks of quantum computing technology. “The time absolutely is now to be considering these methods and putting things in place with quantum computing now getting ever closer,” New tells UKTN Podcast host Jane Wakefield. New describes ... Read more ›
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The UK’s data watchdog has taken action against SkyBet after accusing the gambling site of an ‘unlawful’ use of cookies. The Information Commissioner’s Office said Sky Betting and Gaming was processing people’s personal information and sharing it with advertising technology companies as soon as they accessed the SkyBet website – before they had the option ... Read more ›
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An investing app backed by the likes of Serena Williams and billionaire Facebook investor Peter Thiel has shut for business in the UK after reporting widening losses, UKTN can reveal. Soho-based Shares, which launched in the UK in May 2022 and completed a $40m funding round later that year, said it took the decision to ... Read more ›
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16.06.2026 05:46
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