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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Cambridge-based biotech company Sphere Fluidics has announced the appointment of a new CEO, following the retirement of co-founder Dr Frank F. Craig. Sphere Fluidics develops cell analysis systems based on its proprietary microfluid platform. Called picodroplet, the company’s technology is used to support biomedical research and drug development. The firm has been run since its ... Read more ›
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London-based Jigsaw has raised $15m (£12m) for its AI-powered business diagram builder in a round led by a backer of French unicorn Mistral AI, Exor Ventures. Founded in 2019, Jigsaw’s platform visualises complex business deals. The automated technology rapidly generates diagrams including corporate structure charts, organisational charts, data flows and more. The company claims it ... Read more ›
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This week’s UKTN Podcast guest is Flexa CEO and co-founder Molly Johnson-Jones, who discusses the future of flexible working, how companies can “turn hiring into marketing” and why she thinks some corporate CEOs are using flexible working as a scapegoat for innovation failures. Flexa is a careers platform that aggregates a company’s workplace benefits ... Read more ›
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Four months in, it’s already clear that many of the decisions that will define 2024 will be made in the polling booth. With our friends in India embarking on an electoral process due to last a full month, partisan lines are also being drawn closer to home as UK voters prepare to take to the ... Read more ›
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Turkish rapid grocery delivery startup Getir will exit the UK and several other markets as part of a major restructuring of the business. The company confirmed on Monday it is pulling out of the UK, Germany, the Netherlands and the US. Rumours of the firm’s UK exit were reported earlier this month. The Getir-owned US ... Read more ›
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London-based event accreditation software provider Accredit Solutions has received a £10m investment from Gresham House Ventures. Founded in 2017, Accredit Solutions works with event organisers by providing software to assess the security risks of incoming personnel. Specialising in sports – having worked with the likes of the Premier League, NFL and NBA – Accredit collects ... Read more ›
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Microsoft’s UK business reported a profit surge last year after the group boosted its revenues to £8.4bn, up from £6.3bn the year prior. The UK entity of the US tech giant cited extra demand for its cloud services as driving the 33% increase in turnover, financial filings show. For the year ended 30 June 2023, ... Read more ›
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The rise of artificial intelligence is often met with mixed emotions. While many fear that this powerful technology will replace their jobs, some see it as an opportunity to reskill and embark on an exciting new career path. It seems that the people of Wales are in the latter camp. New research from the Robert ... Read more ›
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In partnership with Lloyds Bank As the UK’s second largest city, it shouldn’t be a surprise that Birmingham is one of the UK’s most significant tech and business hubs, home to more than 2000 tech startups and more than 6000 tech businesses overall. In fact, the tech sector in the West Midlands was named the ... Read more ›
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The government has launched two AI innovation competitions, offering UK SMEs the chance to draw funding from a £7m pot. Announced on Friday, the competition encourages SMEs to develop AI solutions in areas such as agriculture, construction, transportation, logistics and the creative industries. The first competition, backed by £5m, is a feasibility study for the ... Read more ›
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London-listed cybersecurity giant Darktrace has agreed a deal to be acquired by US private equity firm Thoma Bravo at a valuation of $5.3bn (£4.2bn). The 620p-a-share cash offer, which the board has recommended to shareholders, is a 20% premium to the company’s closing price of 517p. The announcement caused a surge of around 20% in ... Read more ›
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Ria Chakrabarti is the founder and CEO of Veristyle, a consumer app that uses AI to help young women discover the clothes that match their body type. Users upload pictures to the app, which are then analysed with computer vision tools to provide automated styling tips on the best fabrics, cuts, patterns, and colours for ... Read more ›
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This week’s UK tech funding deals include drug discovery company CN Bio, AI forest mapping platform Treefera, generative AI insurtech assistant PeppercornAI and more. UKTN tracked £45m worth of tech funding deals this week (15 April to 19 April), a 77% week-on-week decrease. Here’s your weekly roundup of UK tech startup funding. CN Bio – £17m ... Read more ›
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The tech minister is urging semiconductor leaders to apply for funding through the soon-to-expire Chips Joint Undertaking. UK semiconductor companies and researchers are currently eligible to apply for access to a £5m funding pot for research. British firms gained access to the funding in March when the Department for Science, Innovation and Technology (DSIT) announced ... Read more ›
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The West Midlands tech ecosystem is set to benefit from a £1m investment across sectors including AI, green tech and digital skills. The funding will be deployed across five projects aimed at accelerating the growth of the tech industry in the region. Of the £1m, £200,000 from RBC Brewin Dolphin will go towards investor engagement, ... Read more ›
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Romania-headquartered cybersecurity company Bitdefender is launching a venture division to invest in early-stage cyber and AI startups. Bitdefender Voyager Ventures (BVV) will back startups at the seed or Series A stage, acting as either a lead or co-investor. A representative for Bitdefender told UKTN that BVV will have a “global mandate but with an emphasis ... Read more ›
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British Patient Capital, a venture capital investment subsidiary of the UK government-owned British Business Bank, has committed £40.6m to a new cybersecurity fund. The Sheffield-based investor will supply the funds to the Evolution Technology Fund III, the third iteration of Evolution Equity Partner’s enterprise software and cybersecurity fund. Previous investments from Evolution funds included Quantexa, ... Read more ›
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British AI unicorn Synthesia has launched its new generation of AI avatars, promising truly human-like digital speakers. Synthesia CEO Victor Riparbelli said traditional AI avatars, including those made by his own company, have always struggled to capture the nuance of human facial expressions and emotions. The London-based startup, which raised £71.4m last June in a ... Read more ›
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The next mayor of London should prioritise digital skills, increasing the attractiveness of public listings and improving industry diversity to boost the city’s tech sector, a report from a tech advocacy group has recommended. London is seen as the leading tech hub outside of Silicon Valley. A manifesto published on Tuesday has outlined eight policy ... Read more ›
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A London-based startup using lasers and AI to spot recyclable materials in waste piles and stop them being incinerated has secured £1.65m in funding. Founded in 2022, Sorted’s technology uses computer vision and spectroscopy – measuring electromagnetic fields – to identify recyclable items at waste facilities. The startup then uses lasers controlled by AI to ... Read more ›
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16.06.2026 23:41
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