This weekâs UK tech funding deals include AI engineering platform PhysicsX, tax software platform Record OS and more. UKTN tracked ÂŁ266.48m worth of UK tech investment this week (08 June to 12 June), a 44% week-on-week decrease across six funding rounds. Hereâs your weekly roundup of UK tech startup funding deals. PhysicsX â ÂŁ225m Sector: ... Read more âș
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More than a third of businesses at London Tech Week admitted their biggest concern about using artificial intelligence (AI)Â is data security, according to new research. AI technology has been a buzzword for a decade now with dozens of industries including cyber security hailing it as the future. Itâs been described as a way to ... Read more âș
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Sir Patrick Vallance has been appointed to the tech department as Prime Minister Keir Starmer continues to build his cabinet. Vallance has been named the Minister of State for Science, Research and Innovation within DSIT, replacing Tory minister Andrew Griffith. A physician and former pharmaceutical executive, Vallance became a government advisor in 2018 under the ... Read more âș
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Britain has one of the worst obesity rates in Europe, which campaigners attribute to poverty and the prevalence of cheap ultra-processed food. While the government has attempted to tackle this issue through its Soft Drinks Industry Levy and legislation to restrict the placement of foods high in fat, sugar or salt in supermarkets â health ... Read more âș
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UK-based startups accounted for 36% of Europeâs total femtech funding in 2023. Despite this seemingly positive statistic, there are only 15 VC-backed femtech startups in the UK â which is all the more surprising when you consider the sector is serving almost four billion women globally, and women are 75% more likely to use digital ... Read more âș
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Iâve been thinking a lot about universities lately. In part, itâs because Iâm part-employed by one â teaching journalism at one of the North Eastâs five leading institutions alongside my work in the media sector â and in part because my household is a two-income one, reliant on universities for both salaries. (My partner teaches ... Read more âș
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The UK has long been a fintech powerhouse, with its startups often attracting the lionâs share of investment. But last year, climate tech startups overtook fintech for the best-funded segment. While fintech regained the top spot for funding in the first quarter of 2024, the data has sparked questions about what the UK needs to ... Read more âș
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Although the typical work day spans eight consecutive hours (one of which should ideally be spent having lunch), the typical worker isnât productive for the entire amount of time. According to one study, the average office worker is only productive for around three hours per day. However, more recent data from Stanford University highlights that ... Read more âș
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Childrenâs speech and language therapy (SLT) startup Saltroad has secured ÂŁ575,000 in pre-seed funding. The investment, led by Techstart Ventures with participation from Ascension VC, will go towards building a core team in Belfast to deliver SLT services across the UK. Saltroad said it will also use the funds to recruit more engineers to further ... Read more âș
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This weekâs UK tech funding deals include Oscar-winning visual effects firm DNEG, AI-powered architectural diagram-generating tool Gendo, ecommerce analytics firm Vortex IQ and more. UKTN tracked ÂŁ265.3m worth of UK tech investment this week (1 July to 5 July), an 86% week-on-week increase across 10 funding rounds. Hereâs your weekly roundup of UK tech startup ... Read more âș
1
Michelle Donelan, the UKâs first tech secretary, was among the Conservative cabinet ministers defeated in Thursdayâs Labour landslide general election result. Donelan â who was appointed as the first secretary of state for the Department of Science, Innovation and Technology (DSIT) in 2023 â was beaten in the newly formed Melksham and Devizes constituency by ... Read more âș
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Labour will form a government after winning the 2024 general election in a much-predicted landslide, bringing an end to 14 years in opposition. With nearly all results now declared, Labour has won 411 seats in the 650-seat House of Commons in a torrid night for Rishi Sunakâs Conservatives, which won just 118. The election has ... Read more âș
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Reeva Misra is the CEO and co-founder of WONE, an AI-powered coach for workplace stress. The London-based company uses biometrics and clinical assessment to measure stress levels, and then provides recommendations from an AI coach and interventions from experts via an app. WONE, which stands for Walking On Earth, also provides a dashboard for companies ... Read more âș
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Revenues at London-based Cleo more than doubled in 2023 as the Gen Z-focused financial health startup reduced costs and grew subscribers. Cleo reported a turnover of $65.9m in 2023, its latest accounts show, marking a 121% year-over-year increase. Cleo said it reached an adjusted break-even by December 2023, citing a âhigher conversion and utilisationâ of ... Read more âș
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Healthtech 1, a London-based startup that automates administrative tasks in primary care for the NHS, has raised ÂŁ2.7m. Founded by former Monzo web engineer Peter Huang and ex-Accenture consultant Raj Kohli, Healthtech 1 automates processes such as GP registration and lab reports. The company said the standard registration system in the NHS is overly slow ... Read more âș
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Computational drug discovery firm e-therapeutics has secured ÂŁ28.9m in funding weeks after delisting from the London Stock Exchangeâs AIM market as it explores floating in the US. The company raised the capital through subscriptions led by funds managed by existing investors M&G Investment Management and Richard Griffiths. Founded in 2001, e-therapeutics integrates computational power and ... Read more âș
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UK startups that benefit from taxpayer-funded support schemes should repay the state if they relocate or IPO overseas, according to a prominent City lobby group. In its latest report, UK Finance applauded government-backed schemes that encourage more capital into startups, such as EIS and SEIS. However, the group took aim at firms that later moved ... Read more âș
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The UK overtook China to become the worldâs second-highest funded tech startup ecosystem in the first half of 2024, according to a report. UK tech businesses secured funding worth $6.7bn (ÂŁ5.2bn) between January and June 2024, behind only the US. While H1 2024 funding is a 12% drop compared with the $7.7bn raised in the ... Read more âș
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With famed entrepreneurs like Mark Zuckerberg finding their feet as founders in their 20s, itâs easy to be mistaken into thinking most business owners get started as a young adults â but that isnât always the case. Research published earlier this year found that 32% of British people aged 55 or over said they have ... Read more âș
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Legislation governing the use of AI must ensure the technology remains open without compromising the termâs meaning, according to open source advocacy group OpenUK. The not-for-profit group has warned of the risk of âopen washingâ â the misleading use of terms such as open source in cases where the definition is not met â in ... Read more âș
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South Yorkshire-based software firm IntelliAM AI has listed on the Aquis Stock Exchange with an initial market cap of ÂŁ15.4m. Its total market cap is set to rise to ÂŁ17.9m on Thursday following the acquisition of physical asset management company 53 North. Founded in 2023, IntelliAM develops AI models for the manufacturing industry. The firm ... Read more âș
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16.06.2026 15:31
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