This weekâs UK tech funding deals include AI engineering platform PhysicsX, tax software platform Record OS and more. UKTN tracked ÂŁ266.48m worth of UK tech investment this week (08 June to 12 June), a 44% week-on-week decrease across six funding rounds. Hereâs your weekly roundup of UK tech startup funding deals. PhysicsX â ÂŁ225m Sector: ... Read more âș
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Innovate UK, the government-owned science and tech support organisation, has reversed a controversial decision to fund only half the projects included in a female founder competition. The group had previously set aside ÂŁ4m to provide grants to 50 women founders as part of its Women in Innovation awards. Last week, Innovate UK said just 25 ... Read more âș
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This weekâs UKTN Podcast guest is Yoti co-founder and CEO Robin Tombs. In this episode, Tombs discusses why the road to fully implementing digital ID into society is a long and challenging one, how social media companies can avoid onboarding underage users and the great challenge to identity posed by the rise of deepfake technology. Tombs ... Read more âș
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Signol, a startup using behavioural science to reduce emissions in shipping and aviation, has raised ÂŁ2.5m. Founded in 2017, Signol works with high-emissions sectors, providing insights backed by data and behavioural science to encourage more sustainable decision-making. The company claims its insight communications platform can reduce the carbon impact of clients with no technological or ... Read more âș
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Professional services firm Lloydâs Register Group has acquired maritime tech company Ocean Technologies Group for an undisclosed fee. Ocean Technologies Group, founded in Norway, provides training, compliance, operational and HR software to ship owners and operators worldwide. Lloydâs Register Group acquired the company from London-based private equity firm Oakley Capital. Following the acquisition, Lloydâs â ... Read more âș
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Chester-based construction tech firm Datascope Systems has extended its funding with an investment from the Business Growth Fund (BGF). Datascope Systems develops software and hardware solutions for the construction industry. Its products include workforce management software, planning, logistics and health and safety software and site access control stations. âIn the last 20 years, we have ... Read more âș
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Digital business bank OakNorth has appointed Nilan Peiris, the chief product officer of Wise as a non-executive director. Peiris, who has been working with the global remittance fintech â formerly known as TransferWise â for more than a decade, will join the board at OakNorth as it expands internationally. âI have been following OakNorthâs journey ... Read more âș
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Regional tech advocacy group Innovate Cambridge has appointed Kathryn Chapman as its new executive director. Chapman, a molecular bioscientist and former innovation director at Babraham Research Campus, will head up Innovate Cambridgeâs strategy in support of the cityâs tech industry. Recent research from Dealroom found that the tech sector in Cambridge is worth $191bn, around ... Read more âș
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London-based autonomous driving software group Wayve has secured an investment from taxi giant Uber as the groups sign a new partnership. Using the additional funds, Wayve will attempt to advance its self-driving technology to ultimately deploy fully autonomous capabilities in Uberâs network of taxis. âIâm excited to be teaming up with Uber, the largest mobility ... Read more âș
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This weekâs UK tech funding deals include clean tech startup decarbonising the cold chain Sunswap and more. UKTN tracked ÂŁ17.5m worth of UK tech investment this week (26 August to 30 August), a 70% week-on-week decrease in a particularly slow week of late summer. Hereâs your weekly roundup of UK tech startup funding deals. Sunswap ... Read more âș
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Conor OâNiell is the founder of Bristol-based OnSecurity, a cybersecurity startup developing software that makes businesses less likely to be targeted by cyber-criminals. The âsingle source of security for modern, tech-enabled businessesâ provides penetration tests for computer systems, networks, and web applications. These tests involve simulating a cyberattack and identifying vulnerabilities in computer systems to ... Read more âș
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A research centre examining the implementation of alternatives to meat, backed by ÂŁ38m, will be launched by the University of Leeds. The virtual research centre will look into lab-grown meat as well as plant and fungus-based meat alternatives to determine the health, sustainability and feasibility of moving away from traditional meat. The National Alternative Protein ... Read more âș
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VC firm ArÄya Ventures has announced the ÂŁ8.25m initial close of its ÂŁ19m early-stage super angel investment fund. Investors include Bridgerton actress Charithra Chandran, former Credit Suisse CEO Phil Cutts, and former Browns CEO Holli Rogers. The firm, led by exited entrepreneur Rupa Popat, plans to invest in up to 60 pre-seed and seed-stage founders ... Read more âș
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Womenâs safety has been a long-standing issue that the government has been forced to address, with police chiefs calling the rise in cases against women a ânational emergency.â Last month, official police figures revealed that the number of recorded offences, including stalking, harassment, sexual assault, and domestic violence, had grown by 37% in the past ... Read more âș
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Every August, young people across the country face the culmination of years of educational preparation â opening letters on exam results day. With university enrolment or a place on an apprenticeship scheme on the line, for many results day will simply represent one step along the path of full, or part-time education. But for others, ... Read more âș
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Buy now pay later (BNPL) company Klarna has eliminated 1,200 roles with more expected to come as the fintech bets big on AI. The Stockholm-based group has adopted an âattritionâ downsizing policy wherein departing staff are no longer replaced with new hires as more responsibility is handed to automation. Klarna told UKTN that no layoffs ... Read more âș
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Immigrants play a âcriticalâ role in the UK startup economy and must be protected, according to a new think tank report. Over a third (39%) of the UKâs top 100 fastest-growing companies have a founder born outside of Britain, according to research from the Entrepreneurs Network. This is despite immigrants making up less than 15% ... Read more âș
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Wisdom, a VC-funded, audio-first social discovery app powered by AI, has announced its acquisition. Founded by Dayo Akinrinade in 2021, Wisdom initially connected people from all walks of life by democratising mentorship and was described as a blend between Clubhouse and MasterClass. The app allowed users to log on and find live conversations they could ... Read more âș
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The UK Government has unveiled a ÂŁ4m investment in a new generative AI initiative aimed at easing teacher workloads. The project will aggregate government documents, including curriculum guidelines, lesson plans, and anonymised pupil assessments, to train AI systems. The primary goal is to develop AI tools that assist teachers with marking, creating classroom materials, and ... Read more âș
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Online grocery retailer Ocado has opened two robotically operated customer fulfilment centres in Australia. The centres, which have been developed with the Ocado Smart Platform using AI and automation, were opened in partnership with Australian supermarket chain Coles. The Melbourne and Sydney robotic warehouses are part of a 2019 deal signed by the firms and ... Read more âș
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London challenger bank OakNorth has secured approval from US regulators for a Representative Office, allowing the firm to market its products in the States. The fintech unicorn announced on Tuesday its application had been authorised by the Federal Reserve and the New York State Department of Financial Services. OakNorth, which in March posted a pre-tax ... Read more âș
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16.06.2026 08:18
Last update: 08:11 EDT.
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