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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It seems almost as unlikely as the firm’s name but Improbable CEO Herman Narula tells me, during our chat for the UKTN Podcast, that one of his engineering team came to a virtual staff meeting as a potato. Despite it being the strangest sentence yet in any of my podcasts, it isn’t the most surprising ... Read more ›
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London-based Blue Skies Space has raised £2m in a funding round to support the launch of its new data analytics satellite. The company specialises in gathering scientific data through space technology. Blue Skies Space is currently working towards the launch of Mauve a satellite equipped with sensors to measure ultraviolet wavelength in stars. Monitoring this activity ... Read more ›
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Cambridge-based drug discovery company CN Bio has closed a $21m (£17m) Series B funding round to develop technology that it says eliminates the need for animal testing. The company specialises in organ-on-chip (OOC) technology, a process in which engineered or natural tissues are grown inside chips to mimic human physiology. CN Bio uses OOC tech ... Read more ›
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The government’s tech department has added to its senior ranks with several new appointments, including a chief scientific advisor and a handful of non-executive directors. Prof Christopher Johnson will join the Department for Science, Innovation and Technology (DSIT) as chief scientific advisor in July. Johnson is currently the pro-vice-chancellor for engineering and physical sciences at ... Read more ›
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Paid partnership with KPMG UK With the power to unlock huge benefits for the wider economy, UK tech innovators are our hope for the future. As KPMG opens applications for the firm’s annual Tech Innovator in the UK competition, Nicole Lowe, head of KPMG’s Emerging Giants practice talks to Dr Elliot Street, CEO of Inovus ... Read more ›
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Regional tech industry body Manchester Digital has been awarded funding from Barclays Eagle Labs to support local startups. The funding, awarded as part of the Barclays Eagle Labs Ecosystem Partnership Programme, will assist 200 startups and founders spread evenly across the 10 boroughs of Manchester. “Our Startup Activator programme offers a bold vision of a ... 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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In this week’s UKTN Podcast, Octopus Legacy founder Sam Grice discusses how the administrative side of death can make the grieving process much harder, why we need to be able to talk about death to plan our lives properly and keeping the ethos of his business alive after it was acquired.  Grice founded the company, ... Read more ›
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Getir is reportedly preparing to exit the UK market amid financial difficulties for the rapid grocery delivery startup. Getir was once valued at £9.7bn and is among the largest players in rapid delivery. The Turkish company grew quickly in 2020 and 2021, expanding into more and more markets with VC cash-backed acquisitions of existing firms ... Read more ›
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Investment group Seraphim Space has announced the first close of its second early-stage space tech venture fund. The Seraphim Space Venture Fund II (SSV II) will back early-stage space tech startups from seed to Series A round. A Seraphim spokesperson declined to comment on the target size of the fund, but said it would be ... Read more ›
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The government has launched a pilot scheme that will provide entrepreneurs with informal advice on AI regulations. The AI and Digital Hub will see regulators including the Competition and Markets Authority, Ofcom, the Financial Conduct Authority, and the Information Commissioner’s Office share information with businesses to help them navigate the UK’s regulatory environment. The pilot, ... Read more ›
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AI-powered sustainable real estate analytics firm Infogrid has appointed the co-founder of US climate tech unicorn Arcadia as its new CEO. Kate Henningsen will take over as CEO of London-based Infogrid, which last year closed a £72.4m Series B round. Henningsen launched Arcadia in 2015 and served as the firm’s COO for nine years. During ... Read more ›
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Google will merge its AI safety team with its DeepMind division as it ramps up its focus on AI development. The Responsible AI team – tasked with Google’s AI safety plans – will be moved into DeepMind, the UK-founded AI company that became part of Google in 2014. The consolidation will see the researchers from ... Read more ›
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Do you have your sights set on a promotion in 2024? In the past, workers have been taught that honing tangible technical skills is the best way to set themselves apart from the competition. However, as machines are steadily picking up the technical skills that only humans performed in the past, soft or human skills are ... Read more ›
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Ofcom is exploring the use of automation to fulfil digital protection requirements from the Online Safety Act, in a potential boost for AI content moderation startups. The British media regulator is charged with implementing the recently established act enforcing online safety, particularly for children. Ofcom said on Friday it would “signal plans to develop additional ... Read more ›
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Matt Bird is the co-founder and CEO of Lemon, a platform for small and medium businesses to manage their software as a service spending. Co-founded by Bird and James Lewis in 2023, the Manchester-based startup provides tools for businesses to spot where they might be overspending on software subscriptions. This week the company raised £500,000 ... Read more ›
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This week’s UK tech funding deals include flying taxi company Skyports, Scottish rocket manufacturer Orbex, generative AI legal assistant Lawhive and more. UKTN tracked £176.6m worth of tech funding deals this week (15 April to 19 April), a whopping 316.5% week-on-week increase. Here’s your weekly roundup of UK tech startup funding. Skyports – £88m Sector: Mobility ... Read more ›
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Scottish rocket manufacturer Orbex has raised £16.7m as it gears up for the launch of its satellite transportation vessel Prime. One of just two UK-based space rocket manufacturers – the other being fellow Scottish firm Skyrora – Orbex has secured the investment as an initial fundraise for its upcoming Series D round. The space tech ... Read more ›
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The first UK Tech Week is just around the corner, with more than 30 confirmed events set to take place across the nations and regions. The inaugural event, running from 23 April to 25 April, aims to showcase the tech innovation and entrepreneurism taking place across the UK. UK Tech Week will see separate events ... Read more ›
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London-based AI unicorn Stability has laid off about a tenth of its workforce as part of a “strategic plan to reduce” costs just weeks after the departure of its founder and CEO. The layoffs, affecting around 20 staff, were announced by Stability in a company-wide memo on Wednesday evening, first published by Business Insider. The ... Read more ›
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16.06.2026 23:40
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