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
British challenger bank Monzo has hit its first-ever full year of profit, posting a pre-tax profit of £15.4m for the year ended 31 March. Monzo said it hit profit for the year after a revenue jump to £880m across its various income streams. Monzo was founded in 2015 and, as an early success story of ... Read more ›
39
US software unicorn Symphony has chosen Belfast as the destination for its new “multifunctional hub”. New York-based Symphony, a communications software provider for the finance industry valued at $1.4bn, will establish the new office space in Northern Ireland, following its participation in the NI Investment Summit. According to the company, it was impressed by the ... Read more ›
0
A startup that allows artists to create generative AI models based on their own work has raised £3.4m in a seed funding round. Generative AI models being used to create art has been a controversial practice ever since tools like OpenAI’s Dall-E first showcased the technology’s ability to rapidly produce illustrations of all styles. There ... Read more ›
3
Downing Street quietly bowed to pressure last week on sweeping changes it had proposed to the UK’s graduate visa route, leaving the option for international students to remain in the country after completing their studies — for now. Warned that it had picked the wrong fight and was overlooking the immense value that international graduates ... Read more ›
2
This week’s UK tech funding deals include EV battery storage company Zenobe, financial product management platform FintechOS, AI-powered insurtech Intelligent AI and more. UKTN tracked £487.7m worth of UK tech investment this week (May to May), a 31% week-on-week increase, across 14 funding rounds. This week’s tech funding was largely skewed by a £410m debt ... Read more ›
1
Ed Bradley is the co-founder and CEO of Virtualstock, a dropshipping marketplace management software company. The Reading-based company’s software is used as a supply chain platform to manage returns, stock updates, invoices and more. Founded in 2004, Virtualstock works with retail brands such as B&Q, John Lewis and Argos. Bradley initially financed the business with ... Read more ›
1
Cambridge Future Tech, a group supporting the commercialisation of university research, has raised $5m (£3.94m). Launched in 2022, Cambridge Future Tech works with universities and tech transfer offices to form new spinout companies. The group acts as an operational co-founder, aiming to find the best route to commercialisation for each venture. Cambridge Future Tech focuses ... Read more ›
0
London has been named the best city in the world to create, develop and deploy technology, according to a new index. The latest Smart Centres Index from the commercial think tank Z/Yen has placed the UK capital at the top for the second time in a row after it overtook New York last year. The ... Read more ›
35
Over the past five years, the UK fintech sector has undergone significant changes driven by technological advancements and regulatory reforms. These developments have collectively fostered growth and innovation while presenting new challenges for companies operating in this environment. Aleksei Glukhov and Evgeny Mishchenko, co-founders of the British fintech company Payrow, share their insights about these ... Read more ›
5
Over the last year, the world’s major tech economies have invested heavily in their respective semiconductor strategies. As recently as last week, for example, South Korea unveiled a $19bn package of incentives. The UK’s own £1bn investment, and commitment to a national semiconductor strategy in May last year, sought to follow this global trend. Global ... Read more ›
1
Generative AI tools like ChatGPT are being used far more by businesses than the general public, new research suggests. Recently launched AI products exploded in popularity following the arrival of advanced chatbot ChatGPT in 2022, with the OpenAI flagship product attaining 100 million users faster than any other consumer application. A new survey of 12,000 ... Read more ›
0
The first crypto exchange traded notes (ETNs) in the UK have listed on the London Stock Exchange in an institutional boost to the sector. The Financial Conduct Authority (FCA) approved the crypto investment instruments from 21shares, Invesco and Wisdomtree, marking the first approval from the UK financial regulator of a cryptocurrency security. The FCA has ... Read more ›
2
Vertical farming is not a new concept. In fact, the Hanging Gardens of Babylon, designed between 605 – 562 BC during the reign of King Nebuchadnezzar II, are arguably one of the first examples. While these ancient gardens were designed to be beautiful, in the modern world, vertical farms remain largely hidden from view. Vast ... Read more ›
0
British space tech firm Open Cosmos has secured a €60m (£51m) contract to build and deploy satellites in Greek constellations. The project will see Open Cosmos satellites provide high-resolution imagery to the Greek government to support plans to improve public services such as land registry, reducing sea pollution and improving agriculture. The programme is in ... Read more ›
20
Cambridge-based biotech startup Fuse Diagnostics has raised £1.6m to develop its new platforms that test industrial products for pathogens. The company currently has two diagnostic testing platforms in the works. Flip, which is aimed at the industrial, bioprocessing, food and water testing industries, along with Apex for more advanced industrial testing. The company said its ... Read more ›
0
Executives from tech firms including Atom Bank and Intrinsic Semiconductor have joined over 100 businesses in endorsing the Labour Party. In a letter signed by executives from 120 companies including Atom Bank CEO Mark Mullen and Giant Ventures co-founder Tommy Stadlen, the Labour Party was applauded for its new approach to supporting businesses ahead of ... Read more ›
0
A UK startup that has developed a platform for airlines to distribute flight disruption payments has raised £6m in funding. Travel paytech company Swiipr said it would use the influx of capital to fund R&D, product developments and expansion in the international airline market. Swiipr’s platform is looking to replace paper vouchers, cash and bank ... Read more ›
0
The CEO who oversaw the sale of Manchester-based delivery tech startup Sorted for less than £70 in January has stepped down. Carmen Carey took over as chief executive of Sorted, which develops software that aims to improve delivery efficiency, in 2021. Carey, who has previously served as CEO of energy software firm Brady Technologies and ... Read more ›
2
Elliot Street, CEO and co-founder of Inovus Medical, explains how surgical training simulators can help fix the shortage of qualified surgeons, explores how robotics will change the future of surgery, and shares advice on expanding to the US. Founded in 2012, Inovus Medical designs and manufactures a surgical training platform that combines soft tissue ... Read more ›
0
There is a widespread ambition for the UK to be a leader in technology-enabled scaleups, and I agree. Many of the foundations for that ambition are in place, including large-scale capital. However, the primary constraint is people. There is a long-standing skills crisis for digital and computing skills and the same overwhelming ratio of male ... Read more ›
0
Most popular sources
ScienceDaily
|
0% |
Tech.eu
|
0% |
ReadWrite
|
0% |
Sifted
|
0% |
UK Tech News
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
16.06.2026 19:31
Last update: 19:25 EDT.
News rating updated: 02:20.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.