A biotech company behind new ānanosyringeā technology has attracted US pharma giant Eli Lilly as its latest investor after it successfully closed a new Ā£10m funding round. Coventry-based NanoSyrinx said it will used the cash to advance the development of nanosyringes as a novel platform for the targeted intracellular delivery of biologic therapeutics. The funding ... Read more āŗ
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IQE today reported a jump in revenues as the semiconductor business edged a step closer to preparing for the IPO of its Taiwan subsidiary. The Cardiff-based business said it had seen āa very positive reaction from its first round of engagement with investorsā after it unveiled plans in July for the flotation of its Taiwan ... Read more āŗ
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The government must continue with financial support for quantum computing or risk squandering decades of investment, industry insiders have warned. The UKās quantum businesses have achieved major advances, establishing Britain as one of the worldās leading ecosystems and employing as many as a quarter of a million staff ā but funding remains precarious and the ... Read more āŗ
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Russ Shaw, Founder of London Tech Advocates and Global Tech Advocates, discusses London and the UKās place in the tech world and how it differs from Silicon Valley, the urgent need to support digital skills growth to protect the tech ecosystem and why the new government needs to be clear on its tech policy strategy.Ā ... Read more āŗ
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Former Amazon and Microsoft senior employee Alex Mallet has been appointed chief technology officer of London-based fintech Primer. Primer, which was valued at just shy of half a billion dollars following its 2021 Ā£38m funding round, develops payment infrastructure for merchants. Mallet has joined the City of London fintech after spending over a decade at ... Read more āŗ
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Marketing analytics business PolyBox is laying the groundwork for the next chapter in its expansion after securing funding from Innovate UK. The Newcastle-based business uses AI tools to enable marketers and marketing agencies to view data from multiple sources such as Google and Meta in real time, providing instant insights into campaign performance across different ... Read more āŗ
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Mortgage technology business Twenty7tec is gearing up for the next phase in its expansion after securing Ā£16.5m in investment from the Business Growth Fund. The Bournemouth-based business, which recently celebrated its tenth birthday, said theĀ funding will enable the company to accelerate its product development roadmap, enhance its technology infrastructure, and explore new market opportunities, as ... Read more āŗ
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NOQ Group, a West London event tech startup, has announced the closure of a Ā£3.4m funding round ā but the firm is refusing to disclose its investors. Founded in 2019, NOQ Group has developed a platform for managing event planning. The company said with its software users can manage vouchers, loyalty programmes, payments and more. ... Read more āŗ
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Revolut has said it no longer needs āgood reasonā to shut down customer accounts as Britainās most valuable fintech tightens its security policies in the wake of receiving a banking licence. In a terms and conditions update sent to some account holders and seen by UKTN, the bank told customers that should it wish to ... Read more āŗ
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Graphcore and Zapp backer Atomico has unveiled two new European tech investment funds totalling $1.24bn (Ā£950m). The investment group has launched a $485m fund for seed and Series A rounds as well as the $754m Atomico Growth Fund VI, targeting Series B to pre-IPO. Through its latest funds, Atomico has already made 21 investments, including ... Read more āŗ
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The UKās embrace of open banking marked a major milestone today after the competition watchdog confirmed its roadmap towards the implementation of the technology was now fully complete. The Competition and Markets Authority said all nine banking providers mandated under its Open Banking Roadmap had now completed the implementation phase, after Allied Irish Bank and ... Read more āŗ
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Shares in Computacenter slipped as much as 2.2% in the opening minutes of trade in London after the technology and services provider posted a near one-third drop in profits. The Hertfordshire-based business, which offers tech infrastructure and IT strategy services, reported a 11.6% decline in revenue in the first six months of the year to ... Read more āŗ
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AI, for now, is not causing significant job losses despite fears, according to a new white paper from Automated Analytics. The company, which provides AI solutions to optimise advertising and marketing campaigns, said that, across a sample of 5,000 businesses that have adopted AI technology, none have reported layoffs as a result. The white paper ... Read more āŗ
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The Bank of London has stressed that its investors remain confident in the business despite its ongoing tax troubles after the firm announced it had raised Ā£42 million in fresh funding. The embedded banking and deposit-as-a-Service business said it completed the raise during the month of August in an over-subscribed funding round led by Mangrove ... Read more āŗ
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The chair of the Alan Turing Institute, the head of computer science at Oxford University and the former president of Estonia are among experts to have joined a new āAI boardā at tech firm Multiverse. The edtech unicorn, co-founded by former prime minister Tony Blairās son Euan, announced on Friday its AI advisory board. The ... Read more āŗ
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The UKās competition watchdog today took aim at Googleās advertising practices, accusing the California-based tech giant of using its market power to hinder competition. The Competition and Markets Authority (CMA) said Google has abused its dominant positions through the operation of both its publisher ad server and buying tools to restrict competition in the UK. ... Read more āŗ
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The UK tech industry today waved goodbye to one of its star CEOs after Darktrace co-founder Poppy Gustafsson announced she had stepped down as head of the cybersecurity firm with immediate effect. Gustafsson took the helm of Darktrace in 2016 and oversaw the companyās initial public offering (IPO) on the London Stock Exchange in 2021. ... Read more āŗ
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This weekās UK tech funding deals include virtual ward startup Doccla, automated private equity due diligence tool Capsa AI, building project optimisation platform Viability and more. UKTN tracked Ā£46.2m worth of UK tech investment this week (02 September to 06 September), a 164% week-on-week increases across six funding rounds Hereās your weekly roundup of UK ... Read more āŗ
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Interest in AI has erupted since the November 2022 launch of Open AIās ChatGPT. Of course, it wasnāt the first of its kind; AIās roots can be traced back to the nascent days of computing.Ā That longevity means the UK has an AI workforce of over 360,000, with the artificial intelligence tech market worth around ... Read more āŗ
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Six British autonomous vehicle startups are set to receive a share of a Ā£600,000 grant pot to accelerate the self-driving sector. The funds will be delivered by Zenzic, a government-industry partnership group tasked with championing UK autonomous driving. The funding injection marks the latest iteration of the CAM Scale-Up UK programme, launched in 2020. So ... Read more āŗ
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Most popular sources
Business Insider
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25% 6 |
The Verge
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9% 2 |
Tech Wire Asia
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9% 1 |
Tom's Hardware
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6% 3 |
Eurogamer.net
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6% 3 |
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27.11.2024 13:45
Last update: 13:36 EDT.
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