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 ›
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This month provided a boost to Wales’ cyber credentials, with the country becoming the first part of the UK to open a national cybersecurity operations centre. CymruSOC, led by the Welsh Government with the support of Merthyr Tydfil County Borough Council, will aim to protect Welsh local authorities, emergency services, public sector employees and the ... Read more ›
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Circular urban farming – systems in which food is produced in a sustainable, contained environment without large swathes of farmland – has become a popular prospective solution to the climate impact of agriculture. The carbon footprint generated from clearing forests for farmland, maintaining crops and livestock, and shipping produce around the world has made the ... Read more ›
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Funding for UK defence tech companies dropped more sharply compared to overall tech investment, new research has found. In 2023, the number of completed defence tech deals fell by 75% compared to the year before and the amount invested fell by 22%, according to data from Beauhurst and national security-focused VC firm MD One. UK ... Read more ›
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Remote working has been dealt a number of blows over the past year with some of the biggest names in tech such as Amazon, Google and Dell doing sharp U-turns on their flexible work policies. In the UK, nearly half (40%) of all workers are remote in some capacity, for all or part of the ... Read more ›
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This week’s UK tech funding deals include insurance payments provider Vitesse, machine learning-powered drug discovery platform LabGenius, Maritime navigation software firm Orca AI and more. UKTN tracked £374.5m worth of UK tech investment this week (20 May to 24 May), a 275% week-on-week increase across 14 funding rounds. Here’s your weekly roundup of UK tech ... Read more ›
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Finn Stevenson is the co-founder of Flok Health, an AI-powered digital physiotherapy clinic for treating musculoskeletal (MSK) conditions. Stevenson, a former professional rower, co-founded Flok Health in 2022 with Ric da Silva. After leaving rowing and its access to quality physiotherapy, Stevenson was taken aback by the long NHS wait lists and high private healthcare ... Read more ›
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Bristol-based quantum computing company Phasecraft is expanding to the US by opening its first international office in Washington DC. Founded in 2019 as a spinout from the University College London and the University of Bristol, Phasecraft develops algorithms for practical quantum computer use cases. The company, which closed a £13m Series A round last August, ... Read more ›
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The Cambridge tech industry has been valued at $191bn (£150.2bn), representing 18% of UK tech at large, new data has found. Analysis by Dealroom in partnership with the Founders at the University of Cambridge, an accelerator, found that the city’s tech industry had surpassed the value of Spain’s and Italy’s combined. The research shows that ... Read more ›
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Octopus Energy will offer flexible buy now, pay later (BNPL) products to its UK customers following a partnership with digital bank Zopa. Through the deal, Zopa – which hit annual profitability for the first time last month – will finance the costs of acquiring and installing Octopus solar panels. These payments can be spread across ... Read more ›
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Prime Minister Rishi Sunak has called a UK general election for 4 July, raising the prospect that for the first time in 14 years it will be a Labour government shaping the business environment for the UK’s tech startup ecosystem. The date for the 2024 UK general election was confirmed by a rain-soaked Sunak outside ... Read more ›
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The UK government will offer up to £8.5m worth of research grants for projects tackling risks associated with AI. Tech Secretary Michelle Donelan said the AI research grants would be awarded to projects studying areas including deepfakes, cyberattacks and increasing productivity with AI. The programme will be led by the government’s AI Safety Institute (AISI), ... Read more ›
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The UK’s privacy watchdog is in contact with Microsoft over concerns with the firm’s newly announced feature that constantly takes screenshots on users’ devices. The Information Commissioner’s Office (ICO) will enquire with Microsoft regarding the Recall feature, part of the tech giant’s new AI product line, first reported by BBC News. Recall is part of ... Read more ›
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Nory, an AI-powered operating system for hospitality businesses, has raised $16m (£12.6m) in a Series A funding round. The Dublin and London-based company has built a platform to centralise the key operational data of hospitality businesses. The Nory platform analyses user data, providing insights for improving efficiency, acting as what the company describes as an ... Read more ›
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Vitesse, an integrated treasury and payment service provider for the insurance industry, has raised $93m (£73.1m) in a Series C funding round. Founded in 2014, Vitesse’s platform is used to manage payouts to insurance claimants. The company said its tech can replace the manual claims process to expedite payments. The London-headquartered company operates in the ... Read more ›
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London-based life science firm LabGenius has raised £35m in Series B funding for its machine learning-powered drug discovery platform. Founded in 2012, LabGenius has been developing its EVA drug discovery platform for several years. The company said the EVA platform uses machine learning – a subset of AI – to design, conduct and learn from ... Read more ›
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Over a dozen global tech companies, including OpenAI, Amazon, Microsoft and Google DeepMind, have committed to setting out AI safety frameworks to mitigate or prevent harm from the technology. The companies have agreed that under extreme circumstances wherein these risks cannot be adequately mitigated, they will “not develop or deploy a model or system at ... Read more ›
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Anne Glover, co-founder and CEO of Amadeus Capital Partners, discusses the ways that the tech investment scene has changed since her firm launched in the late 1990s, how tech started as a niche sector but has since started to encompass everything, why AI hype is valid but there’s more to it than just generative AI ... Read more ›
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Self-driving cars could be on UK roads in just two years following the Automated Vehicles Act receiving Royal Assent today in what could be a significant boost for the country’s autonomous vehicle startups. The act, announced during last year’s King’s Speech, provides a legal framework for self-driving vehicles to be deployed on UK roads, with ... Read more ›
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Despite the challenges that rising interest rates and geopolitical uncertainty have imposed on M&A activity in the last year, the technology sector and IT services in particular are demonstrating resilience and still attracting investors and buyers in the UK. As Moore Kingston Smith Corporate Finance, leading corporate finance advisers in the IT sector, explains in ... Read more ›
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The UK is launching a new independent semiconductor group to connect industry, academia and the government. The UK Semiconductor Institute will act as a “single point of contact” for the sector at a time when nations are ramping up support for chips, the components underpinning many of the world’s electronics. The new institute will focus ... Read more ›
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16.06.2026 21:11
Last update: 21:05 EDT.
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