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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Graphcore and Zapp backer Atomico has unveiled two new European tech investment funds totalling $1.24bn (£950m). The investment group has launched a $485m fund for seed and Series A rounds as well as the $754m Atomico Growth Fund VI, targeting Series B to pre-IPO. Through its latest funds, Atomico has already made 21 investments, including ... Read more ›
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The UK’s embrace of open banking marked a major milestone today after the competition watchdog confirmed its roadmap towards the implementation of the technology was now fully complete. The Competition and Markets Authority said all nine banking providers mandated under its Open Banking Roadmap had now completed the implementation phase, after Allied Irish Bank and ... Read more ›
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Shares in Computacenter slipped as much as 2.2% in the opening minutes of trade in London after the technology and services provider posted a near one-third drop in profits. The Hertfordshire-based business, which offers tech infrastructure and IT strategy services, reported a 11.6% decline in revenue in the first six months of the year to ... Read more ›
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AI, for now, is not causing significant job losses despite fears, according to a new white paper from Automated Analytics. The company, which provides AI solutions to optimise advertising and marketing campaigns, said that, across a sample of 5,000 businesses that have adopted AI technology, none have reported layoffs as a result. The white paper ... Read more ›
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The Bank of London has stressed that its investors remain confident in the business despite its ongoing tax troubles after the firm announced it had raised £42 million in fresh funding. The embedded banking and deposit-as-a-Service business said it completed the raise during the month of August in an over-subscribed funding round led by Mangrove ... Read more ›
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The chair of the Alan Turing Institute, the head of computer science at Oxford University and the former president of Estonia are among experts to have joined a new ‘AI board’ at tech firm Multiverse. The edtech unicorn, co-founded by former prime minister Tony Blair’s son Euan, announced on Friday its AI advisory board. The ... Read more ›
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The UK’s competition watchdog today took aim at Google’s advertising practices, accusing the California-based tech giant of using its market power to hinder competition. The Competition and Markets Authority (CMA) said Google has abused its dominant positions through the operation of both its publisher ad server and buying tools to restrict competition in the UK. ... Read more ›
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The UK tech industry today waved goodbye to one of its star CEOs after Darktrace co-founder Poppy Gustafsson announced she had stepped down as head of the cybersecurity firm with immediate effect. Gustafsson took the helm of Darktrace in 2016 and oversaw the company’s initial public offering (IPO) on the London Stock Exchange in 2021. ... Read more ›
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This week’s UK tech funding deals include virtual ward startup Doccla, automated private equity due diligence tool Capsa AI, building project optimisation platform Viability and more. UKTN tracked £46.2m worth of UK tech investment this week (02 September to 06 September), a 164% week-on-week increases across six funding rounds Here’s your weekly roundup of UK ... Read more ›
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Interest in AI has erupted since the November 2022 launch of Open AI’s ChatGPT. Of course, it wasn’t the first of its kind; AI’s roots can be traced back to the nascent days of computing. That longevity means the UK has an AI workforce of over 360,000, with the artificial intelligence tech market worth around ... Read more ›
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Six British autonomous vehicle startups are set to receive a share of a £600,000 grant pot to accelerate the self-driving sector. The funds will be delivered by Zenzic, a government-industry partnership group tasked with championing UK autonomous driving. The funding injection marks the latest iteration of the CAM Scale-Up UK programme, launched in 2020. So ... Read more ›
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The UK has further aligned its AI policy with Europe after signing a fresh international treaty to protect human rights from AI. The Council of Europe treaty, signed on Thursday, promises collective action to protect the public from threats to human rights, democracy and the rule of law from AI. Signatories have promised to monitor ... Read more ›
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A London-based AI startup has secured a seven-figure funding round as it builds out its technology to automate business compliance work. Kings Cross-based Capsa AI secured the £1.7 m round as part of its mission replace what it describes as the “manual, low-skill” compliance tasks for investors at private equity funds. These tasks include creating ... Read more ›
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Britain’s early-stage businesses breathed a sigh of relief today after the government announced it would extend two of its flagship tax-advantaged investment schemes. The Venture Capital Trust (VCT) scheme and the Enterprise Investment Scheme (EIS) were implemented to encourage investment in young companies through tax breaks. The policies were put through with a sunset clause ... Read more ›
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UKTN, the leading technology news site, has appointed Simon Hunt as its new editor as it marks the next phase in its expansion. Simon joins UKTN from the Evening Standard, where he spent two and a half years as the paper’s business and technology correspondent. He was previously an associate at PwC and a wealth ... Read more ›
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Australian fintech Marmalade has launched a British subsidiary, UKTN can reveal, in signs the flexible invoice business is gearing up for major international expansion. Founded in 2020, Marmalade allows users to receive advanced payments on invoices to maintain reliable cash flow. Companies submit unpaid invoices to the firm, which transfers the funds to the business, ... Read more ›
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London-based Nothing has dipped its toe into the crypto markets as the smartphone maker reported a loss of £43m. The firm’s recently-published accounts revealed the company holds £13,000 in cryptoassets, though it was not clear which coins were held or what the reasoning behind the investment was. Founded by Carl Pei – who previously launched ... Read more ›
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Skarper, a startup converting bicycles into e-bikes backed by Olympic cycling champion Sir Chris Hoy, has raised £4.5m. The company fits bikes with a portable drive system via the disc brake rotor. This effectively turns it into an e-bike, providing motorised assistance to the back wheel. The drive system can be connected and disconnected in ... Read more ›
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Fintech firm Zilch has posted its first-ever month of operating profit, though it has declined to reveal the figure. The company, which provides interest-free buy now pay later services subsidised by ads, announced the milestone four years after launching. Zilch said it had surpassed $130m (£100m) in run-rate revenue. However, it refused to share specific ... Read more ›
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London-based virtual hospital ward startup Doccla has closed a £35m Series B funding round led by Lakestar. Doccla was launched in 2019 after co-founder Martin Ratz suffered a heart attack. Ratz said the hospital he stayed at provided limited monitoring despite new medical technology being available. Doccla was founded to provide constant virtual monitoring that ... Read more ›
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16.06.2026 08:18
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