This week’s UK tech funding deals include drug discovery platform PhoreMost, “nature-inspired” insecticide group Solasta Bio, online independent food ecommerce service Delli and more. UKTN tracked £106.5m worth of UK tech investment this week (09 September to 13 September), a 130% week-on-week increase across 12 funding rounds. Here’s your weekly roundup of UK tech startup ... Read more ›
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The firm behind plans for a huge new Hertfordshire data centre has said it will look to partner with a US tech giant in order to fund the £4 billion development on an 83-acre site in South Mimms. James Craig, director of Griggs, the property developer behind a new joint venture known as DC01UK, yesterday ... Read more ›
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The UK’s competition regulator has expressed its concerns over the proposed merger between telecoms giants Vodafone and Three. The Competition and Markets Authority today said it had provisionally concluded that the merger would lead to price increases for tens of millions of mobile customers, or see customers get a reduced service such as smaller data ... Read more ›
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With a new government having taken their seats in the House of Commons, a wave of tech policy changes are on the cards. Labour ministers in the Department for Science, Innovation and Technology (DSIT) have already signalled their intention to hit the ground running, with a flurry of new announcements. This week, DSIT said it ... Read more ›
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Transport for London has warned that some of its customers’ personal bank details may have been compromised after a cyber attack which took place earlier this month. Shashi Verma, TfL’s Chief Technology Officer, said: “We identified some suspicious activity on Sunday 1 September and took action to limit access. A thorough investigation continues alongside the ... Read more ›
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Delli, an online platform for sourcing independent food and drink launched by Depop founder Simon Beckerman, has raised $6m (£4.6m). The startup was launched by Beckerman in 2022 alongside its chief executive Marie Petrovicka, formerly an executive at Depop. Having previously helped make second-hand clothes shopping cool again, Beckerman and Petrovicka have set their sights ... Read more ›
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The UK government has contracted London-based startup Greenpixie to track the climate impact of its One Login service. Based near Covent Garden, Greenpixie provides usage-based sustainability data for cloud services. The startup, founded in 2021, has secured the contract from the Department for Science, Innovation and Technology (DSIT) as it looks to understand the environmental ... Read more ›
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Mimecast founder Peter Bauer has led a £1.8m investment round for Scotland-based video interviewing platform Willo. Founded in Glasgow in 2018, Willo is a video interview platform with which organisations can vet candidates without scheduling calls or in-person meetings. Job applicants record themselves responding to specific prompts that can be viewed at the company’s discretion. ... Read more ›
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Today, a company called DC01UK unveiled plans for a huge, billion-pound data centre in Hertfordshire, which promises to be one of the largest data centres in the UK. But who is DC01UK, and what precisely are their plans for the massive 83-acre site? UKTN had not come across DC01UK before. But we did some preliminary ... 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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Business Insider
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Tech Wire Asia
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9% 0 |
The Verge
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8% 1 |
Eurogamer.net
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7% 4 |
Tom's Hardware
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6% 3 |
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27.11.2024 13:32
Last update: 13:25 EDT.
News rating updated: 20:20.
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