Using open banking and AI technology to reform how credit is accessed by consumers could add as much as £7bn to the UK GDP a year, according to a new white paper. The report, produced by fintech group ClearScore, claimed that outdated models assessing the affordability of credit fuelled by incomplete data and regulatory risk ... Read more ›
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Fyld, a London-based AI company that analyses operational risks for dangerous worksites, is eyeing an expansion to its US operations as it announces a £32m funding round. First founded in 2020, Fyld is used in sectors such as construction and energy to provide real-time intelligence based on videos submitted to the platform by workers. The ... Read more ›
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SatVu, a London-based defence tech company using satellites for thermal intelligence operations, has raised £30m in a funding round that including backing from NATO. The company delivers high-resolution insights from in orbit satellites to government and defence customers. According to SatVu its thermal imagery captures day and night activity at 3.5m resolution, and is used ... Read more ›
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SurrealDB, a multi-model AI-native database company, has secured a new investment of $23m (£17m), welcoming new investors to its cap table. The company was founded to update database systems to meet the requirements of modern AI systems. Its latest iteration, SurrealDB 3.0 is designed to unify multiple data models into a single solution. Combining relational, ... Read more ›
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AI-powered medtech startup Klaris has raised a $1m (£730,000) funding round in support of its automated regulatory compliance platform for medical device companies. The London-based startup was founded to address the challenges of securing regulatory approval for new medical devices. Analysis from the FDA in the US found that 69% of devices are rejected on ... Read more ›
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Claims from Big Tech that AI’s climate benefits will be able to offset its environmental strain have been dismissed as greenwashing in a new report. The intense demands of water, land and energy required to run high-powered modern AI models have been a constant source of criticism for the technology. However, many industry figures in ... Read more ›
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Made With Intent, a Liverpool-based startup taking what it describes as a “Moneyball approach” to ecommerce, has raised £2.4m. Founded in 2023, Made With Intent has developed an AI-powered model that provides ecommerce sites with real-time customer insights. The model analyses hundreds of onsite signals, for example clicks to indicate and predict user intent. Made ... Read more ›
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British Business Bank has made a £45m cornerstone commitment to a fund from Redrice Ventures targeting £75m. Founded in 2018, Redrice Ventures specialises in seed-stage investments generally targeting “purpose-driven consumer brands” and related B2B technology. The London-based VC firm has set a goal of backing the UK’s creative sectors through its investments. Redrice said that ... Read more ›
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The government has launched a new campaign to protect businesses from cyber threats as data reveals the associated costs have reached £14.7bn a year. Business owners are being urged to “lock the door” on criminals, with the government issuing practical steps for organisations to shore up their defences. The campaign, which will appear across social ... Read more ›
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This week’s podcast guest is Efua Akumanyi, chief technology officer at Coding Black Females, who discusses her own entry into the world of software development as one of the few women on an AI degree, why so many women feel discouraged from entering the sector and how she re-dedicated her career to supporting black women ... Read more ›
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Octopus Energy is investing just under $1bn into the Californian clean tech sector, deepening the UK energy giant’s foothold in the US market. Made via its Octopus Energy Generation subsidiary, the investments will be made into two California-based carbon removal companies specialising in grassland restoration and reforestation. Octopus also intends to acquire a solar and ... Read more ›
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Nul, a British health tech startup building an “alcohol reduction platform”, has secured a $1m (£730,000) seed round led by the venture arm of Daily Mail and General Trust (DMGT). The startup is developing a digital health platform that combines clinical care and prescription medication with digital pathways and behavioural support to reduce alcohol consumption. ... Read more ›
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Prime Minister Sir Keir Starmer has revealed plans from the government to introduce legislation regulating AI chatbots and potentially social media as part of its pledge to protect children from online harms. Starmer said the government will be “tightening up” existing online safety legislation to ensure popular chatbots were covered by it. The announcement follows ... Read more ›
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A new £3.5m investment into industrial services and engineering platform Advantiv represents the largest-ever deal made through the £130m Investment Fund for Wales. Launched in 2023, the investment vehicle was created by the British Business Bank in line with its mandate to improve access to funding for companies across the whole of the UK. Investment ... Read more ›
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The UK is a global powerhouse in spinout creation. A recent report by Dealroom found that UK spinouts have raised over $19.2B in VC funding since 2020, making it the largest ecosystem in Europe. But we are also seeing an exodus of these high-potential UK companies overseas. The UK’s challenge is not creating world-class science ... Read more ›
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John Connolly, a former director of product management at Meta has been appointed as the chief product officer of London-based AI legal tech Definely. Connolly has more than 20 years of experience in product, having held product managment and CPO roles at Dext, BenevolentAI, Elliptic and most recently Meta, which he joined in 2023. Now ... Read more ›
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Deputy Prime Minister David Lammy and AI Minister Kanishka Narayan will this week lead the UK’s delegation at the AI Impact Summit in India. Following on from previous summits at Bletchley, Paris and in Seoul, the AI Impact Summit will take place this week in New Delhi. Lammy and Narayan are expected to champion the ... Read more ›
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Sister, the £1.7bn innovation district based in Manchester, has announced an international partnership with Ireland’s Platform94. Based in Galway, Platform 94 works similarly to Sister, providing tech businesses in the West of Ireland with workspaces, access to a supportive business community and corporate partnerships. With the 12 month partnership in place, both tech hubs will ... Read more ›
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This week’s UK tech funding deals include energy brokerage tem, AI synthetic audience generator Electric Twin and more. UKTN tracked £82.5m worth of UK tech investment this week (9 February to 13 February), a 81% week-on-week decrease (skewed somewhat by the £368m megaround for ElevenLabs last week) across six funding rounds. Here’s your weekly roundup ... Read more ›
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Rightmove, the UK’s largest digital property platform, is joining the scores of firms betting on AI search features through a new collaboration with Google. Announced on Friday, Google’s Gemini models will be integrated into Rightmove’s property search service which will include conversational “natural language” search and “personalised property discovery”. With Gemini technology built into the ... Read more ›
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22.04.2026 10:47
Last update: 10:40 EDT.
News rating updated: 17:41.
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