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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Childcare startup Tiney, which recruits, trains and supports the establishment of ‘micro-entrepreneur’ child minding businesses, has raised £7.2m. Founded in 2019, Tiney is a platform looking to expand the availability of childcare in the UK. Lack of access to childcare is a major factor in cutting off parents from the workforce. The charity Fawcett Society ... Read more ›
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The UK has joined a European scheme granting businesses and researchers access to supercomputer resources and funding. The European High Performance Computing Joint Undertaking (EuroHPC) is a collaborative programme of 35 countries, offering access to facilities as well as enhanced access to funding, provided by Horizon Europe. The UK joined Horizon Europe in September 2023 ... Read more ›
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After a challenging 2023, there were higher hopes for what this year may hold for UK startups looking to raise investment and grow their operation. Did the first quarter live up to expectations? According to a new report from Dealroom, UK startups raised $3.9bn in Q1 of 2024, with early-stage investment closing higher than the ... Read more ›
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The current government, trounced in the local elections, has very little to shout about at present. This may help explain why it’s been so keen to shout loudly about the “historic trailblazer” agreement it signed back in March with North East council leaders to devolve powers to the region. Levelling up minister Jacob Young said ... Read more ›
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US decacorn CoreWeave has pledged to invest £1bn in UK compute infrastructure in the latest boost to British AI. Valued at $19bn, CoreWeave is a specialised cloud services provider for compute-intensive businesses. The New York-headquartered company recently opened an office in London as the base of its European operations. CoreWeave has now announced plans to ... Read more ›
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This week’s UK tech funding deals include autonomous vehicle software developer Wayve, white-labelled insurance provider Eleos, personalised fitness and nutrition app Hexis and more. UKTN tracked £1.9bn worth of UK tech investment this week (6 May to 10 May), a 32% week-on-week increase across 12 funding deals. This figure includes £1.07bn of debt financing for ... Read more ›
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Despite the headlines surrounding mass layoffs, the tech industry as a whole is struggling to find the right talent and a skills shortage is preventing thousands of companies from progressing, particularly with regards to cybersecurity and AI. In fact, the Employer Skills Survey 2022, commissioned by the UK government to determine recruiting difficulties and the ... Read more ›
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The launch of OpenAI’s Sora video generator undoubtedly gave a jolt to studios about the impact of AI on their businesses. While the reaction to James Cameron’s touch-up of True Lies last month has shown that a sense of fear and moral panic persists within the debate, there are signs that this is abating – ... Read more ›
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Chris Eastwood is the co-founder and CEO of Penfold, a London-based digital pension provider for auto-enrolments. Eastwood left a career in M&A and corporate consulting to found Penfold after observing what he considers overly complex pension providers putting people off saving for retirement. Penfold says it has grown to more than 62,000 savers with over ... Read more ›
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Despite significant advancements in technology, developing drugs remains difficult and costly. It now often takes up to a decade and costs around $2.7bn to develop a new drug average. What impact could AI have on the UK’s drug discovery sector and what is investor appetite like? A report published by Dealroom last month found the ... Read more ›
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Government agency Innovate UK has awarded a £1m grant to a consortium of universities and fintechs to accelerate the adoption of AI in the finance sector. The funding aims to support the development of safe AI solutions to address challenges in the investment management space. Innovate UK launched a competition for businesses in March to ... Read more ›
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Semiconductor designer Arm reported quarterly revenue growth of 47% in its latest financial report, surpassing previous guidance. The Cambridge-based chip designer posted revenue of $928m (£743.8m) for the fourth quarter of FYE24, 3% greater than the upper end of its previous forecast for the period. Arm, owned by Japanese conglomerate SoftBank, listed publicly on the ... Read more ›
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The UK government has said quantum computing is one of its top tech priorities. Last year, it earmarked £2.5bn for a decade-long National Quantum Strategy. According to new Dealroom data, quantum computing was among the top-funded UK tech segments in the first quarter of 2024. The sector is under the spotlight, but is government support ... Read more ›
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Do you have a high learning quotient (LQ)? If—like me—you were educated in the UK, the chances are low. Will those odds increase for younger generations here? Not unless urgent action is taken. During the 2023 annual World Economic Forum (WEF) conference in Davos, weeks after OpenAI launched ChatGPT and introduced generative AI to the ... Read more ›
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Tech firms will be heavily scrutinised for improper age verification and algorithms suggesting “harmful content” to children, according to a new report from Ofcom. The communications watchdog, which has been given extended powers to regulate digital content following the passing of the Online Safety Act, has published a list of 40 practical measures to protect ... Read more ›
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The average stake taken by UK universities in spinout companies increased over the last year, despite government-backed recommendations. According to the 2024 Spotlight on Spinouts report from Beauhurst and the Royal Academy of Engineering, the average equity stake taken by universities in companies formed by students and staff grew from 19.1% to 22% over the ... Read more ›
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Two-thirds of startups supported by the Digital Growth Grant have had founders who are women or from ethnic minority groups, according to the director of Barclays Eagle Labs. The Digital Growth Grant is a £12m scheme from the government through which a third party supports the development of new tech companies. The grant was previously ... Read more ›
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Venture capital is one of the globe’s most powerful industries. Whether it’s an app we tap on our phone or a product we pick up from the supermarket shelf, there’s a strong chance VC funding played a part in getting it to market. For those of us who work in the technology and startup space, ... Read more ›
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The Royal Academy of Engineering has launched an initiative supporting the growth of tech businesses in Scotland. The Enterprise Hub Scotland will work with local entrepreneurs to commercialise deep tech developments, spin companies out from universities and attract new investments. The hub is based on similar initiatives from the Royal Academy of Engineering in Wales ... Read more ›
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Octopus Energy’s valuation has jumped to $9bn (£7.16bn) after existing shareholders, including a fund chaired by former US Vice President Al Gore, increased their stake in the business. The deal saw Generation Investment Management, chaired by the US politician and prominent climate activist, and Canada Pension Plan Investment Board up their stakes in the British ... Read more ›
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16.06.2026 22:30
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