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Jessica Nangle @ UK Tech News · 05/22/2025 11:30 EDT

University of Salford partners with OPAL to drive digital transformation

The University of Salford is collaborating with Greater Manchester-based charity, Oldham Personal Advocacy Limited (OPAL), on a two-year knowledge transfer partnership aimed at driving digital transformation within the organisation. With the help of university researchers and Innovate UK, the vision of the partnership is to develop and embed a digital transformation management system to improve ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/22/2025 10:30 EDT

Fintech group launches industry-first ‘programmable money’

London-based fintech group Quant has launched a programmable money language in what it claims is an industry-first for banking and finance. Called Quant Flow, the programmable currency infrastructure was developed in response to market demands for smarter money, particularly amid competition from digital assets including stablecoins and CBDCs. The new tool will allow banks to ... Read more

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UK Tech News
Jessica Nangle @ UK Tech News · 05/22/2025 09:00 EDT

Bain Capital expands digital infrastructure footprint

Global private investment firm Bain Capital has launched a hyperscale provider, hscale, to expand its digital infrastructure footprint across the EMEA region. The new launch is looking to develop replicable and scalable digital infrastructure across the region that is bespoke to hyperscale customers’ evolving requirements. The leadership team of hscale includes chief executive Oliver Schiebel, ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 1 place · 05/22/2025 08:30 EDT

Microsoft: SMEs stand to gain £78bn from AI adoption

British SMEs could unlock as much as £78.1bn in economic value by adopting AI technologies, according to a report from Microsoft and WPI Strategy. Large firms globally have been leading the charge on AI integration, but SMEs, which make up the vast majority of companies in the UK, have had to take a more cautious ... Read more

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UK Tech News
Konstantin Sidorov @ UK Tech News 1 place · 05/22/2025 06:00 EDT

Why Britain can’t afford to miss the stratospheric opportunity of space tech

It’s widely understood that the global space economy, now valued at $546bn, stands at an inflection point both financially and politically. That momentum was on full display at our recent industry event featuring leaders from Type One Ventures, Axiom Space, and Space Forge – whose announcement of a record-breaking £22.6m Series A marked the largest ... Read more

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UK Tech News
Jessica Nangle @ UK Tech News · 05/22/2025 05:50 EDT

Definely launches agentic AI system

AI-powered legal tech company Definely has launched a proprietary agentic AI system to help lawyers scale high-quality legal work. The product, called Enhance, will be made available to Definely’s global customer base, which includes A&O Shearman, Deloitte and BT. With Enhance, each model — or agent — specialises in specific tasks, such as summarisation or ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/22/2025 05:49 EDT

Regulators urged to speed up tech trials with £5.5m funding pot

Regulators will be encouraged to approve new technologies faster with a £5.5m funding package to trial more efficient processes. The UK government’s Regulators’ Pioneer Fund will be offered to regulatory bodies as an incentive to speed up the pipeline for tech project approval. Policy makers have been pushing regulators to adopt a pro-growth approach in ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/22/2025 05:09 EDT

Digital pension group Penfold raises £3.9m

Digital pension provider Penfold has secured a £3.9m investment round led by Gresham House Ventures. Founded in 2018, Penfold is a challenger platform offering workplace pensions through its proprietary platform. Among its corporate clients are fintech group Paddle and San Francisco-based AI giant Anthropic. Penfold said the new capital injection will be used to grow ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/22/2025 04:00 EDT

Finnish tech group ONEiO unveils UK expansion

ONEiO, a Helsinki-based integration service provider, has revealed new plans for expansion into the UK. The company, which works with businesses such as Bayer, Volkswagen and CGI to connect software systems and tools, has opened a cloud cluster complete with a dedicated regional team in London to serve the British market. The company said that ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/22/2025 04:00 EDT

Cambridge startups bucked 2024 investment trends with bumper year

Startups from Cambridge had their second-best year on record for venture capital investment in 2024, pulling in $2.3bn (£1.7bn), according to new analysis. Research from data platform Dealroom in association with Founders at the University of Cambridge found that startups in the city raised almost double the investment from the year prior’s $1.2bn (£893m), despite ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/21/2025 10:27 EDT

Defence tech must look toward startups

As Britain, Europe and the world-at-large face global threats, increased investment in defence tech has to move beyond the legacy institutional names and towards cutting-edge startups, according to the head of Future Planet Capital. Douglas Hansen-Luke is the founder and executive chairman of Future Planet Capital, a VC firm that, among other things, manages investment ... Read more

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UK Tech News
Jessica Nangle @ UK Tech News · 05/21/2025 08:00 EDT

Paris overtakes London in tech valuations for the first time

For the first time, Paris recorded a higher enterprise value from startups than the UK capital, new research from global intelligence platform Dealroom reveals. In 2024, French tech companies raised $7.8bn, spearheaded by the rise of AI, including successful raises from AI firms including Mistral AI, Poolside and Electra. Collectively this was less than London’s ... Read more

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UK Tech News
Hamish Martin @ UK Tech News · 05/21/2025 06:00 EDT

How tech founders can exit on their own terms

For tech founders considering their next move, the M&A space can be complex and daunting. But it can also be hugely rewarding – both financially and in protecting the legacy of the business they’ve worked so hard to build. M&A activity is particularly dynamic in the tech sector, given the fast-moving nature of the technologies ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/21/2025 05:58 EDT

Octopus-owned Kraken signs major US deal with National Grid

Kraken, the AI operating system for energy providers owned by London-based Octopus Energy, will serve an additional six million US customers through a new deal with National Grid. Initially launched as a tech platform to manage the utilities provided by Octopus Energy, owned by Octopus Group, Kraken has become a popular software option for rival ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/21/2025 05:09 EDT

M&S cyber-attack cuts retailer’s profit by £300m

The recent cyber breach against M&S has cost the retailer £300m off of its 2025/26 operating profit, according to a trading update from the firm. In its results for the year ended March 2025, M&S said it had been working “around the clock” with its suppliers to contain the incident and stabilise operations. According to ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/21/2025 04:40 EDT

Synthetic fuel startup Rivan raises £10m in Plural-led round

Rivan, a London-based startup developing synthetic fuel technology to support energy security, has raised £10m in a round led by Ian Hogarth’s Plural. The company designs and manufactures modular synthetic fuel plants powered by off-grid solar energy. Its first priority is developing synthetic natural gas (SNG) to address the 22% of global emissions that come ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/21/2025 03:00 EDT

Steven Bartlett-backed health startup faces another ad ban

Zoe, a wellness startup backed by Steven Bartlett, has had an online ad banned by regulators for the second time. The Facebook advert for nutrition app Zoe’s food supplements included an endorsement from the Diary of a CEO host stating: “This is a supplement revolution. No ultra-processed pills, no shakes, just real food.” The ad ... Read more

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UK Tech News
Jessica Nangle @ UK Tech News · 05/20/2025 10:14 EDT

CurveBlock approved to join UK’s Digital Securities Sandbox

CurveBlock, a UK-based proptech startup pioneering carbon-zero housing and real estate tokenisation, has been approved to join the UK’s Digital Securities Sandbox (DSS). CurveBlock has become the ninth company to enter the DSS and the first to focus on real estate development fund tokenisation, a sector that analysts predict could unlock trillions in new investment. ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 05/20/2025 10:14 EDT

Revolut founder’s AI-powered VC firm closes $250m fund

QuantumLight, the venture capital firm founded by Revolut boss Nikolay Storonsky, has closed its inaugural investment fund, worth $250m (£187.4m). Launched in 2023, QuantumLight targets startups across AI, Web3, fintech, SaaS and health tech. The VC group assesses investments through a proprietary AI model, called Aleph, which it claims can identify outlier founders of growth-stage ... Read more

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UK Tech News
Jessica Nangle @ UK Tech News · 05/20/2025 07:06 EDT

Sage unveils AI-driven enhancements

Enterprise software firm Sage has unveiled major enhancements to bring AI-driven insights, automation and connectivity to Sage 50 customers in the UK. The improvements include faster sourcing of reports using natural language AI, which will also be able to quickly generate a company’s cash flow, transaction and sales summaries. In addition, AI-powered data extraction and ... Read more

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14.07.2025 01:58
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