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 government today placed the cloud industry at the heart of its plans for economic growth after it unveiled proposals to designate British data centres as ‘critical national infrastructure.’ The move, which is the first such designation in nearly a decade, places data centres on a par with water, energy and emergency services systems ... Read more ›
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Plans have been submitted for a £3.75bn data centre based in Hertfordshire described by the developers as one of the largest of its kind in Europe. The plans were submitted to Hertsmere Borough Council by DC01 UK, which said the centre could be operational by 2029. According to the company, the project will support 500 ... Read more ›
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The former quantum computing lead at IBM has joined the board of Cambridge startup Nu Quantum as it ramps up plans for expansion into the US. Bob Sutor spent almost four decades at the American tech giant leading its quantum programme. He has also held roles at the New York quantum group Infleqtion and the ... Read more ›
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Glaswegian agritech startup Solasta Bio has raised $14m (£10.7m) as it develops its “nature-inspired” pest control technology. Founded in 2021, Solasta Bio is developing a peptide-based insecticide without the use of a synthetic chemistry library. The startup described its product as meeting industry efficacy standards whilst being more environmentally friendly by targeting pests and protecting ... Read more ›
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London-listed online review service Trustpilot saw its shares surge this morning after it reported profits ahead of market expectations for the first half of the year. The Copenhagen-headquartered firm posted £7.3m in profit for the first half of 2024, a major swing compared with its profit of £117,000 in the same period last year. Adrian ... Read more ›
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Female founders are behind held back by a lack of finance, a new report has found, amid renewed calls for more equitable investment into entrepreneurship. Nearly two-fifths (39%) of female small business owners say poor access to finance is preventing scale-up plans according to a report by Small Business Britain, in partnership with Square and ... Read more ›
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A renewable energy platform which has partnered with iconic British Grand Prix venue Silverstone has tapped VC firm Atomico and the CTO of fintech Wise in a £10.5m funding round. London-based Tem, which operates an AI transactions platform for renewable energy, said it will use the funding to accelerate its growth, connecting businesses directly with ... Read more ›
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The race to become the biggest cloud provider in the UK stepped up a gear today after Amazon-owned AWS vowed to invest as much as £8 billion into British data centres over the next five years. AWS, which already accounts for around a third of the UK’s public cloud infrastructure market, said it would deploy ... Read more ›
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Oxford Nanopore is drawing up plans for a lawsuit against Chinese biotech firm BGI over an alleged breach of contract. The London-listed biotech firm today told investors it had filed a US court application in the Northern District of California for leave to serve subpoenas in support of a lawsuit it intends to file in ... Read more ›
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Underperforming staff at startups should either leave immediately or be given six weeks to improve, the boss of Revolut has said as he laid out his philosophy for building fast-growing tech businesses in a new report. A high performance firm must “direct resources to retain and promote top talent” while focusing on “exiting underperformers as ... Read more ›
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A startup aimed at addressing disadvantage for women in the workplace has landed an investment of £235k as it charts a course for expansion. Bristol-based, majority female-founded software firm HeyFlow said it would use the funding from Aer Venture Studios to support the build and architecture of its tech platform and employee insight product, enabling ... Read more ›
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A biotech company behind new ‘nanosyringe’ technology has attracted US pharma giant Eli Lilly as its latest investor after it successfully closed a new £10m funding round. Coventry-based NanoSyrinx said it will used the cash to advance the development of nanosyringes as a novel platform for the targeted intracellular delivery of biologic therapeutics. The funding ... Read more ›
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IQE today reported a jump in revenues as the semiconductor business edged a step closer to preparing for the IPO of its Taiwan subsidiary. The Cardiff-based business said it had seen “a very positive reaction from its first round of engagement with investors” after it unveiled plans in July for the flotation of its Taiwan ... Read more ›
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The government must continue with financial support for quantum computing or risk squandering decades of investment, industry insiders have warned. The UK’s quantum businesses have achieved major advances, establishing Britain as one of the world’s leading ecosystems and employing as many as a quarter of a million staff – but funding remains precarious and the ... Read more ›
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Russ Shaw, Founder of London Tech Advocates and Global Tech Advocates, discusses London and the UK’s place in the tech world and how it differs from Silicon Valley, the urgent need to support digital skills growth to protect the tech ecosystem and why the new government needs to be clear on its tech policy strategy. ... Read more ›
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Former Amazon and Microsoft senior employee Alex Mallet has been appointed chief technology officer of London-based fintech Primer. Primer, which was valued at just shy of half a billion dollars following its 2021 £38m funding round, develops payment infrastructure for merchants. Mallet has joined the City of London fintech after spending over a decade at ... Read more ›
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Marketing analytics business PolyBox is laying the groundwork for the next chapter in its expansion after securing funding from Innovate UK. The Newcastle-based business uses AI tools to enable marketers and marketing agencies to view data from multiple sources such as Google and Meta in real time, providing instant insights into campaign performance across different ... Read more ›
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Mortgage technology business Twenty7tec is gearing up for the next phase in its expansion after securing £16.5m in investment from the Business Growth Fund. The Bournemouth-based business, which recently celebrated its tenth birthday, said the funding will enable the company to accelerate its product development roadmap, enhance its technology infrastructure, and explore new market opportunities, as ... Read more ›
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NOQ Group, a West London event tech startup, has announced the closure of a £3.4m funding round — but the firm is refusing to disclose its investors. Founded in 2019, NOQ Group has developed a platform for managing event planning. The company said with its software users can manage vouchers, loyalty programmes, payments and more. ... Read more ›
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Revolut has said it no longer needs “good reason” to shut down customer accounts as Britain’s most valuable fintech tightens its security policies in the wake of receiving a banking licence. In a terms and conditions update sent to some account holders and seen by UKTN, the bank told customers that should it wish to ... Read more ›
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16.06.2026 07:04
Last update: 06:56 EDT.
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