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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Ocula, a Belfast-based startup using AI large language models with the goal of boosting ecommerce return on investment, has raised £3.25m. Founded in 2021, Ocula works with digital teams from retail platforms such as Boots, AO and Hornby. The startup claims its AI tool, Ocula Boost, can generate improvements to product pages, including drafting product ... Read more ›
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London-based fintech Plum has said it is “well-placed for profitability” off the back of a £16m Series B round split between institutional investors and crowdfunding. Founded in 2016, Plum is a personal finance app featuring investment accounts, payment cards and automated saving and financial management tools. The most recent accounts from the company, for the ... Read more ›
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A startup using AI to create personalised extended reality audio-visual experiences for the BBC is among nine firms to receive a share of a £450,000 creative industry prize fund. The latest cohort of the MyWorld accelerator programme from Digital Catapult, a UK innovation agency, will focus on bringing innovative technology to the creative industries. Nine ... Read more ›
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This week’s UKTN Podcast guest is Smart Green Shipping CEO and founder Diane Gilpin, who discusses the astronomical climate impact of the shipping industry, why Scotland is the perfect place for a woman entrepreneur in climate tech, and why government funding is vital alongside private investment into the green technology space. Gilpin founded Smart Green ... Read more ›
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Eight national projects, including a sub-orbital rocket, microreactors for space exploration, and a heat-detecting telescope, have secured £24m in funding from the UK Space Agency’s National Space Innovation Programme. When including private sector commitments, the value of the projects rises to £33m. The initiative aims to support high-potential space technologies and drive growth across the ... Read more ›
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Ocado Group has announced an expansion of its partnership with US retail giant Kroger, which placed an order for the firm’s Re:imagined technologies to power fulfilment centres. The London-listed grocery firm has been committed to investing in its tech capabilities, notably its robotically operated automated customer fulfilment centres (CFCs). Ocado has now secured a significant ... Read more ›
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Startups working on solutions to reach net zero goals are driving innovation in the South West but the region is being “overlooked” by key investors and the government, a report has found. The South West of England’s tech sector attracted investment totalling £454m in 2023, nearly a 60% drop on the year prior but still ... Read more ›
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London-based generative AI legal tech startup Robin AI is expanding into Singapore months after securing funding from an investment company owned by the Singaporean government. Robin AI, which has developed a platform to automate menial and repetitive legal tasks such as document drafting, is establishing a physical footprint in Singapore’s Robinson Road WeWork building. The ... Read more ›
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New research reveals that more than half (52%) of knowledge workers now use generative AI at least once a week. Considering this, you’d be forgiven for thinking that knowledge levels are quite high. Not so. AI literacy remains quite low, with 64% of workers saying they have little to no familiarity with AI tools. This ... Read more ›
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Major banks, media, airports, and businesses, including the London Stock Exchange (LSEG), have been impacted by a global IT outage stemming from a defect in a CrowdStrike update rolled out across Microsoft Windows. The outage has taken a large slice of the world’s digital infrastructure offline. Microsoft said that it was looking into the problem and ... Read more ›
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This week’s UK tech funding deals include digital health firm Huma, AI due diligence tool Xapien, SME business account provider Waymo and more. UKTN tracked £126.1 worth of UK tech investment this week (15 July to 19 July), a 374% week-on-week increase across 14 funding rounds. Here’s your weekly roundup of UK tech startup funding ... Read more ›
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Securing funding for a startup from venture capital (VC) or angel investors can be a challenging process for founders, which means many are looking for advice and tips from those writing the cheques. With half of small business owners in the UK concerned that their business won’t survive the next 12 months, it’s important for ... Read more ›
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Samsung Electronics has signed an agreement to acquire Oxford Semantic Technologies, a UK startup specialising in knowledge graph technology. While the financial terms of the deal have not been disclosed, the move is aimed at expanding the AI capabilities within Samsung’s range of products, from mobile devices to home appliances. Founded in 2017 by three ... Read more ›
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SME digital finance account provider Wamo has secured a $5m (£3.8m) bridge round ahead of a planned Series A investment. The London-based fintech, which offers payment accounts to businesses, secured the equity investment from Turkish VC firm Logo Ventures along with Finberg and Re-Pie Asset Management. “Since launching Wamo, we’ve been relentlessly focused on removing ... Read more ›
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A startup that has created post-production software used for projects that have appeared on Netflix and Sky has secured a £2m investment. Founded in 2022 by broadcast industry expert Simon Green, Edit Cloud is aiming to streamline collaboration in the post-production sector with a suite of cloud-based workflow tools. The London-based startup’s virtual editing platform ... Read more ›
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Daresbury-based life science startup Spotlight Pathology has raised £125,000 in the latest investment from LYVA Labs. The University of Manchester spinout develops AI tools for diagnosing blood cancer. Research has suggested there is a significant shortage of trained pathologists in the UK, with those remaining facing extreme workloads. Spotlight is hoping to ease this pressure ... Read more ›
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Luscid, a startup that has developed a software platform for brands to find and track sponsorship opportunities using data-driven insights, has secured £1m in seed funding. The London-based startup is looking to take a different approach to the sponsorship industry, which has typically been driven by human biases and commercial agreements between consultants and rightsholders. ... Read more ›
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AI legislation has been officially announced in the King’s Speech on Wednesday as Keir Starmer’s Labour government moves away from the wait-and-see approach of the previous Conservative administration. During the general election campaign, Labour made a handful of promises to take legislative action to ensure AI safety. The King’s confirmation of this, made during the ... Read more ›
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Hey Savi, an AI-powered search and recommendation platform, has secured £2.2m pre-seed investment to shake up what it describes as the “outdated” shopping experience. The startup aims to help consumers find their perfect outfits in under a minute by connecting them to retailers that have outfits in stock with the right size and at the ... Read more ›
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London-based cultivated meat startup Meatly has become the first company in Europe to receive regulatory approval to sell lab-grown pet food. The approval, granted by the Food Standards Agency (FSA), also makes Meatly the first company in Europe approved to sell cultivated meat of any kind. The nascent lab-grown meat sector in the UK and ... Read more ›
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16.06.2026 13:55
Last update: 13:50 EDT.
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