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 ›
0
Briefly Bio, a London-based biotech startup providing a tool to make lab work reproducible, has raised $1.2m (£920,000) in funding. The startup, which claims that science is in a “reproducibility crisis,” says that lab scientists struggle to reproduce and build on top of each other’s experiments while the data scientists don’t have the necessary context ... Read more ›
2
AI-powered due diligence startup Xapien has raised £8m in a YFM Equity Partners-led Series A funding round. Founded in 2018, Xapien has developed a platform for businesses to conduct due diligence checks on prospective partners. Due diligence can be a lengthy process, however, the startup claims its AI tools can complete comprehensive background checks in ... Read more ›
23
CultureAI, a startup that has developed software to detect employees’ risky cyber behaviour, has closed a $10m (£7.7m) Series A funding round. The funding was jointly led by Mercia Ventures and Smedvig Ventures, with participation from existing investors Passion Capital and Senovo. Founded in 2018, the Manchester-based startup is used by IT workers and cybersecurity ... Read more ›
0
London-based VC firm 13books Capital has closed £121m for an investment fund targeting European fintech startups. The fintech fund will back rounds from seed to Series A ranging from £1m to £7m. The close comes as VC investment in the UK has started to show signs of recovery from the slowdown over the past two ... Read more ›
0
Half of small business founders in the UK are concerned their business won’t survive the next 12 months, according to a new survey. This is a stark difference from the 11% of founders who felt the same way in November 2023, per Virgin StartUp’s second annual ‘Founder Barometer’ report. The past two years have been ... Read more ›
0
Civil society groups have called on Keir Starmer to ensure AI remains open and transparent while harnessing it to drive economic growth. In an open letter, coordinated by the UK Open Government Network, the prime minister was called on to include safeguards to public safety in Labour’s Industrial Strategy. The letter said that as AI ... Read more ›
0
British retailer Ocado cut losses significantly as its continued investment in its robotic warehouse technology helped drive revenue growth. The company posted a loss of £153.9m in its half-year report, 46.8% less than the same period in 2023. Revenue was up across the majority of its income streams, most notably its technology solutions, which rose ... Read more ›
0
Prime Minister Keir Starmer is expected to introduce a new AI bill in the King’s Speech this Wednesday, in what would mark a clear shift from his predecessor Rishi Sunak. The bill is expected to focus on the production of large language models and will aim to improve the legal safeguards surrounding advanced AI technologies, ... Read more ›
0
Ahead of the recent general election, politicians, industry groups and the media were sure this would be the ‘AI election’ in which advances in artificial intelligence would threaten the democratic process with disinformation. Among the biggest concerns was the potential for deepfakes – AI-generated images, video or audio designed to look real – to sway ... Read more ›
0
This week’s UKTN Podcast guest is Walking on Earth CEO and founder Reeva Misra, who discusses the real science backing up ancient wellbeing practices, how attitudes to mental health benefits at businesses are changing for the better and how AI could improve personal happiness. Misra founded Walking on Earth (WONE), which uses AI to assess ... Read more ›
0
AI startups account for nearly a quarter (22%) of UK tech investment as of the first half of the year, up from 12% in 2019. In the first half of 2024, UK AI startups raised $2.1bn (£1.6bn), putting the sector on track for a record-breaking year, according to new data from HSBC Innovation Banking and ... Read more ›
0
IPO activity in London has remained stagnant in the first half of the year while proceeds raised from European public launches have surged, new figures reveal. Firms in the UK raised £500m in initial public offering proceeds in the first half of the year, identical to the figure raised over the same period in 2023, ... Read more ›
0
Wrexham-based medtech business Aparito has been acquired by global pharmaceutical company Eli Lilly and Company, generating a return on investment for previous backer the Development Bank of Wales. Founded in 2014 by Dr Elin Haf Davies, the company digitises clinical trials and captures real-world data through mobile apps, video assessments and wearable devices. One of ... Read more ›
0
Digital asset management platform Haruko has raised $6m (£4.6m) in a Series A round to fund its expansion into Asia. Founded in 2021, Haruko provides asset managers, hedge funds and family offices with a platform to manage both centralised and decentralised digital asset investments. As well as blockchain portfolio management, the platform has risk control ... Read more ›
2
Investment reporting and communications platform Instinct Digital has raised £5m in an AlbionVC-led Series A round. Instinct Digital’s cloud-based software as a service platform acquires and aggregates investment reporting assets from a variety of sources. This information is combined into its centralised platform, which has tools for analytics and digitised communications. The company’s client list ... Read more ›
0
After 14 years, the UK has a Labour government. During that time, the UK’s tech sector has flourished. But how much of that was because of the Conservative government, and how much of it was in spite of it? In an interview with UKTN, Improbable Worlds founder Herman Narula discusses how the Conservatives’ support of ... Read more ›
0
Sir Patrick Vallance, the new science minister, has said visa costs are “very high” and should be looked at to ensure the UK can continue attracting global science and technology talent. Vallance’s comments follow his speech at the G7 Science and Technology Ministerial in Italy in which he called for greater international science collaboration and ... Read more ›
1
This week’s UK tech funding deals include Welsh cybersecurity startup PureCyber, flight-free travel planner ByWay, fitness app GoJoe and more. UKTN tracked £26.6m worth of UK tech investment this week (8 July to 12 July), a 90% week-on-week decrease across nine funding rounds. Here’s your weekly roundup of UK tech startup funding deals. PureCyber – ... Read more ›
1
Iconic AI, a London-based games startup specialising in AI-driven video game development, has closed a $4m (£3m) pre-seed round. Founded in 2023, Iconic AI aims to change how high-budget games are developed, produced, and distributed. CEO and founder John Lusty, a former Snapchat employee, said that he wants his startup to use AI to expedite ... Read more ›
1
Bristol-based chip firm Graphcore has been acquired by Japanese conglomerate SoftBank for an undisclosed fee. Graphcore, which specialises in intelligent processing units for AI applications, will become a wholly owned subsidiary of SoftBank and will continue to operate under its original branding. “This is a tremendous endorsement of our team and their ability to build ... Read more ›
2
Most popular sources
VentureBeat
|
0% |
StartUp Beat
|
0% |
ScienceDaily
|
0% |
Tech.eu
|
0% |
ReadWrite
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
16.06.2026 13:55
Last update: 13:50 EDT.
News rating updated: 20:52.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.