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
Andrei Dragomir is the co-founder and CEO of Aquark Technologies, a Southampton-based quantum startup developing a high-performance cold atom clock. Founded in 2020 by Dragomir and Alexander Jantzen as a spinout from the University of Southampton, Aquark is working towards what it says will be the UK’s first commercially available cold atom clock. Cold atom ... Read more ›
2
OSY Group, a startup that produces an antimicrobial coating for packaging to extend the shelf life of fruits and vegetables, has secured a five-figure grant from Innovate UK. The funding from Innovate UK’s Global Explorers Programme will go towards finding new markets for the startup’s antimicrobial packaging coating, Xtend. Xtend is designed to allow food ... Read more ›
2
VC investment in the UK is showing signs of recovery, boosted by large late-stage rounds to rise 16% in 2024 and maintain its leading position in Europe. Data from startup funding tracker Dealroom has shown solid growth in VC investments in the UK, with startups and scaleups raising £7.4bn in the first half of the ... Read more ›
0
London-listed review service Trustpilot expects an annual recurring revenue bump of 17% in the first half of 2024. The Copenhagen-founded firm reported expected revenue of $100m (£78m) for the first half of the year, off the back of a 20% increase in the value of bookings contracts. “We are pleased to report strong growth across ... Read more ›
1
The UK’s financial watchdog is set to enforce new rules overhauling the public markets in what it claims is the “biggest change to the listing regime in over three decades”. The Financial Conduct Authority (FCA) said it was setting out a “simplified listings regime” with a single category and “streamlined eligibility” for firms seeking to ... Read more ›
1
Cardiff-based cybersecurity firm PureCyber is looking to grow its customer base following a £5m equity investment boost from BGF. Founded in 2016 by CEO Damon Rands, the company provides a range of cybersecurity solutions, acting as an outsourced provider for businesses looking to bolster their defences against cyberattacks. Subscription services include brand protection, incident response, ... Read more ›
0
The former CTO of London-based AI unicorn Stability has joined Unlikely AI, a startup launched by Amazon Alexa developer William Tunstall-Pedoe. Unlikely AI, which secured £17.4m in seed funding in 2022, is developing a generative AI platform to compete with the likes of ChatGPT and Gemini. Looking to scale its development, Unlikely has appointed Tom ... Read more ›
0
BetaDen, a business accelerator for tech startups, has welcomed the first intake for its new incubator programme delivered in partnership with Barclays Eagle Labs and Worcestershire Local Enterprise Partnership. The eight-week programme will deliver support for up to 60 startup businesses over four intakes from its dedicated co-working space at The Kiln in Worcester. Founders ... Read more ›
63
Tulip Siddiq has been confirmed as the new economic secretary to the Treasury, signalling that the Labour government may be moving towards stricter fintech regulation. In her role as shadow City minister, Siddiq repeatedly called for tighter regulation on financial services, most notably buy now pay later (BNPL). BNPL is an app-based loan product with ... Read more ›
0
Switchee, a housing technology provider aiming to prevent mould and lower heating bills in British homes, has raised an additional £5m. The company’s internet-connected thermostat measures humidity, temperature, and pressure. It analyses this data with the aim of preventing mould, lowering heating bills, and improving communications between tenants and landlords. Social housing has been in ... Read more ›
5
US immersive technology company Infinite Reality has acquired British metaverse startup Landvault for $450m (£352m). The all-stock deal will see London-headquartered Landvault’s employees join Infinite Reality. The deal will give Infinite Reality a foothold in the Middle East, with Landvault’s founder and CEO, Sam Huber, becoming global president of enterprise and CEO of MENA region ... Read more ›
2
Revolut and Multiverse investor Index Ventures has raised $2.3bn (£1.8bn) in new funds targeting early and growth-stage startups. The firm plans to invest a “significant proportion” of the new funds into UK startups. Headquartered in London and San Francisco, Index Ventures is one of the most prominent investors in the UK, having backed the largest ... Read more ›
1
Seedrs, one of Europe’s largest crowd investment platforms, has begun trading as Republic Europe, following its acquisition by US firm Republic. Launched in 2012, Seedrs – which allows private investors to jointly contribute to early-stage startup funding rounds – was acquired by New York-based investment platform Republic in 2022. The London-based group has operated as ... Read more ›
26
PolyModels Hub, a London-based startup developing digital tools for the research and development of pharmaceuticals, has raised £1.1m. The startup’s platform, ModelFlow, integrates models, scientific data and insights into a single space. Pharma staff can manage their workflows and collaborate on projects through the platform. PolyModels Hub’s co-founder and CEO Antonio Benedetti said pharmaceutical development ... Read more ›
0
Pre-Activ, a platform with the aim of reducing surgical complications through personalised prehabilitation, has just raised £500,000. Founded by NHS employees, Dr Alec Snow and Dr Rebecca Allam in 2020, the startup optimises patients before surgery using technology that creates individualised programmes. Similar to rehabilitation but pre-surgery, prehabilitation focuses on improving a patient’s cardiovascular fitness ... Read more ›
0
London-based cybersecurity startup Tracebit has raised $5m (£3.9m) for its cloud threat detection and deception platform. Founded in 2022, Tracebit has developed a cloud-native platform that it claims reduces the cost and complexity of threat deception security. Threat deception is the practice of drawing in malicious actors with fake resources, called honeypots. Research has suggested ... Read more ›
2
Earlybird AI, a B2B startup looking to help job seekers secure employment using its voice-first AI software, has raised £800,000 from dozens of investors, including Google. About a quarter of people between 16 and 64 – nearly 11 million people – are out of work and according to the Office for National Statistics, 4.4% of ... Read more ›
0
The UK’s travel tech market took a battering during the height of the pandemic. Planes were grounded and people were limited on leaving their homes. With those days behind us, the industry has been up against it to bounce back and meet the needs of a changed market. So far, the future is looking bright ... Read more ›
0
The UKTN Podcast is back for its seventh season and our first guest is Jason Bradbury, best known for presenting ‘The Gadget Show’. In this episode, Bradbury explains how businesses are “finding their feet” when it comes to AI, why he’s bullish on the metaverse, and recalls some of the zaniest product testing he’s done. ... Read more ›
7
Employee fitness app GoJoe, backed by former Manchester United player Michael Carrick, has secured an investment of £2.4m. Founded in 2018, GoJoe aims to cater to both consumers and businesses and is looking to replace traditional workplace wellness programmes. The startup, which last year raised £1.2m, links to wearable tech to capture more activities than ... Read more ›
0
Most popular sources
StartUp Beat
|
0% |
ScienceDaily
|
0% |
Tech.eu
|
0% |
ReadWrite
|
0% |
AlleyWatch
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
16.06.2026 15:31
Last update: 15:25 EDT.
News rating updated: 22:22.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.