The UK has further aligned its AI policy with Europe after signing a fresh international treaty to protect human rights from AI. The Council of Europe treaty, signed on Thursday, promises collective action to protect the public from threats to human rights, democracy and the rule of law from AI. Signatories have promised to monitor ... Read more ›
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A London-based AI startup has secured a seven-figure funding round as it builds out its technology to automate business compliance work. Kings Cross-based Capsa AI secured the £1.7 m round as part of its mission replace what it describes as the “manual, low-skill” compliance tasks for investors at private equity funds. These tasks include creating ... Read more ›
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Britain’s early-stage businesses breathed a sigh of relief today after the government announced it would extend two of its flagship tax-advantaged investment schemes. The Venture Capital Trust (VCT) scheme and the Enterprise Investment Scheme (EIS) were implemented to encourage investment in young companies through tax breaks. The policies were put through with a sunset clause ... Read more ›
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UKTN, the leading technology news site, has appointed Simon Hunt as its new editor as it marks the next phase in its expansion. Simon joins UKTN from the Evening Standard, where he spent two and a half years as the paper’s business and technology correspondent. He was previously an associate at PwC and a wealth ... Read more ›
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Australian fintech Marmalade has launched a British subsidiary, UKTN can reveal, in signs the flexible invoice business is gearing up for major international expansion. Founded in 2020, Marmalade allows users to receive advanced payments on invoices to maintain reliable cash flow. Companies submit unpaid invoices to the firm, which transfers the funds to the business, ... Read more ›
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London-based Nothing has dipped its toe into the crypto markets as the smartphone maker reported a loss of £43m. The firm’s recently-published accounts revealed the company holds £13,000 in cryptoassets, though it was not clear which coins were held or what the reasoning behind the investment was. Founded by Carl Pei – who previously launched ... Read more ›
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Skarper, a startup converting bicycles into e-bikes backed by Olympic cycling champion Sir Chris Hoy, has raised £4.5m. The company fits bikes with a portable drive system via the disc brake rotor. This effectively turns it into an e-bike, providing motorised assistance to the back wheel. The drive system can be connected and disconnected in ... Read more ›
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Fintech firm Zilch has posted its first-ever month of operating profit, though it has declined to reveal the figure. The company, which provides interest-free buy now pay later services subsidised by ads, announced the milestone four years after launching. Zilch said it had surpassed $130m (£100m) in run-rate revenue. However, it refused to share specific ... Read more ›
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London-based virtual hospital ward startup Doccla has closed a £35m Series B funding round led by Lakestar. Doccla was launched in 2019 after co-founder Martin Ratz suffered a heart attack. Ratz said the hospital he stayed at provided limited monitoring despite new medical technology being available. Doccla was founded to provide constant virtual monitoring that ... Read more ›
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Innovate UK, the government-owned science and tech support organisation, has reversed a controversial decision to fund only half the projects included in a female founder competition. The group had previously set aside £4m to provide grants to 50 women founders as part of its Women in Innovation awards. Last week, Innovate UK said just 25 ... Read more ›
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This week’s UKTN Podcast guest is Yoti co-founder and CEO Robin Tombs. In this episode, Tombs discusses why the road to fully implementing digital ID into society is a long and challenging one, how social media companies can avoid onboarding underage users and the great challenge to identity posed by the rise of deepfake technology. Tombs ... Read more ›
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Signol, a startup using behavioural science to reduce emissions in shipping and aviation, has raised £2.5m. Founded in 2017, Signol works with high-emissions sectors, providing insights backed by data and behavioural science to encourage more sustainable decision-making. The company claims its insight communications platform can reduce the carbon impact of clients with no technological or ... Read more ›
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Professional services firm Lloyd’s Register Group has acquired maritime tech company Ocean Technologies Group for an undisclosed fee. Ocean Technologies Group, founded in Norway, provides training, compliance, operational and HR software to ship owners and operators worldwide. Lloyd’s Register Group acquired the company from London-based private equity firm Oakley Capital. Following the acquisition, Lloyd’s – ... Read more ›
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Chester-based construction tech firm Datascope Systems has extended its funding with an investment from the Business Growth Fund (BGF). Datascope Systems develops software and hardware solutions for the construction industry. Its products include workforce management software, planning, logistics and health and safety software and site access control stations. “In the last 20 years, we have ... Read more ›
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Digital business bank OakNorth has appointed Nilan Peiris, the chief product officer of Wise as a non-executive director. Peiris, who has been working with the global remittance fintech – formerly known as TransferWise – for more than a decade, will join the board at OakNorth as it expands internationally. “I have been following OakNorth’s journey ... Read more ›
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Regional tech advocacy group Innovate Cambridge has appointed Kathryn Chapman as its new executive director. Chapman, a molecular bioscientist and former innovation director at Babraham Research Campus, will head up Innovate Cambridge’s strategy in support of the city’s tech industry. Recent research from Dealroom found that the tech sector in Cambridge is worth $191bn, around ... Read more ›
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London-based autonomous driving software group Wayve has secured an investment from taxi giant Uber as the groups sign a new partnership. Using the additional funds, Wayve will attempt to advance its self-driving technology to ultimately deploy fully autonomous capabilities in Uber’s network of taxis. “I’m excited to be teaming up with Uber, the largest mobility ... Read more ›
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This week’s UK tech funding deals include clean tech startup decarbonising the cold chain Sunswap and more. UKTN tracked £17.5m worth of UK tech investment this week (26 August to 30 August), a 70% week-on-week decrease in a particularly slow week of late summer. Here’s your weekly roundup of UK tech startup funding deals. Sunswap ... Read more ›
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Conor O’Niell is the founder of Bristol-based OnSecurity, a cybersecurity startup developing software that makes businesses less likely to be targeted by cyber-criminals. The “single source of security for modern, tech-enabled businesses” provides penetration tests for computer systems, networks, and web applications. These tests involve simulating a cyberattack and identifying vulnerabilities in computer systems to ... Read more ›
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A research centre examining the implementation of alternatives to meat, backed by £38m, will be launched by the University of Leeds. The virtual research centre will look into lab-grown meat as well as plant and fungus-based meat alternatives to determine the health, sustainability and feasibility of moving away from traditional meat. The National Alternative Protein ... Read more ›
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Most popular sources
Business Insider
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27% 3 |
Tech Wire Asia
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9% 0 |
The Verge
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8% 1 |
Eurogamer.net
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7% 4 |
Android Authority
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6% 2 |
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27.11.2024 14:33
Last update: 14:25 EDT.
News rating updated: 21:20.
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