This weekâs UK tech funding deals include AI engineering platform PhysicsX, tax software platform Record OS and more. UKTN tracked ÂŁ266.48m worth of UK tech investment this week (08 June to 12 June), a 44% week-on-week decrease across six funding rounds. Hereâs your weekly roundup of UK tech startup funding deals. PhysicsX â ÂŁ225m Sector: ... Read more âș
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Robyn Scott is the CEO and co-founder of Apolitical, an online learning platform and community for government workers. Founded in 2015 by Scott and Lisa Witter, Apolitical uses technology to share information between governments to avoid duplication of effort in tackling problems. The London-based company says it aims to bring 21st-century learning into government. It ... Read more âș
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London-based reputation and risk management company Signal AI has acquired London and New York-based Social 360. Signal AI generates brand insights for clients based on analysis of large volumes of data. The product is used to track the sentiment of companies, identify and monitor trends and receive alerts for relevant breaking news. The company said ... Read more âș
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London-based health tech startup Koalaa, which develops prosthetic limbs, has raised $1.2m (ÂŁ956,000). Founded in 2020, Koalaa claims to have made the worldâs first âsoft prosthetic armâ, made a breathable fabric that can be comfortably fitted onto a patient. According to company founder Nate Macabuag, the biggest issues for the widespread adoption of artificial limbs ... Read more âș
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A Newcastle spinout that has created 3D models of human body parts to replace drug testing on animals has secured a ÂŁ2.35m follow-on investment. Newcells Biotech has developed models that mimic processes in the human body. Pharmaceutical companies can run tests on these models â which include the retina, kidney and lung â instead of ... Read more âș
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Losses at London-based fintech Checkout.com widened to more than ÂŁ100m for the year ended 2022. Checkout.com posted net losses of $126.3m (ÂŁ100.5m) in its 2022 accounts, up more than 400% from the year prior. The company put the poor performance down to a âshift in the macro environment and geopolitical backdrop in 2022â. âRising inflation ... Read more âș
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Revolut has launched an AI scam-detection tool designed to prevent authorised push payment (APP) fraud schemes. APP is a type of scam in which criminals trick users into transferring funds into their accounts. Scamming is on the rise, with data last year from National Trading Standards claiming almost three quarters (73%) of UK adults have ... Read more âș
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A non-profit programme for UK and Ukrainian startups has launched today to support businesses developing technology that can provide assistance on the frontline. TechExchange will provide pro-bono support in the form of investment and commercial opportunities to defence and agritech startups. It will provide UK-based startups with the opportunity to test their technology in âlive ... Read more âș
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The Startup Coalition, an industry advocacy group, has suggested a series of policies to âmitigateâ the impact of government changes to angel investor rules that disproportionately affect underrepresented investors. The group recommended a clause to enable self-certification of âSophisticated Investorâ status, provided the individual has invested in two unlisted companies in the last two years. ... Read more âș
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Thousands of delivery drivers for firms including Deliveroo, Uber Eats and Just Eat will strike on Valentineâs Day to demand better pay and working conditions. The strike has been planned for February 14 due to it being a historically popular night for takeaway services. The UK strikes have been loosely organised by the group Delivery ... Read more âș
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Profits at Grimsby-based green tech startup Myenergi fell by 30%, its most recently filed accounts show. The electric vehicle charger and solar battery company cited âchallenging market conditions linked to higher inflation, energy prices and the wider cost-of-living crisisâ. Net profit â which includes ÂŁ972,000 in tax credits â stood at ÂŁ9.8m for the year ... Read more âș
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Earlybird Health, a division of VC firm Earlybird Venture Capital, has raised the final close of its âŹ173m (ÂŁ147.6m). The fund is targeting European startups in the healthcare sectors, with an emphasis on digital health, diagnostics, medical devices, research and development tools and biopharma. Based in Germany with a presence in London, Earlybird Venture Capital ... Read more âș
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A Cambridge-based company developing smartphone camera technology has secured over $40m (ÂŁ32m) in a funding round that attracted investment from the venture capital arm of Sony. Cambridge Mechatronics develops shape memory alloy actuators that it says provide image stabilisation and autofocus in smartphone cameras using a âmore compact and lightweight designâ. Its approach, the company ... Read more âș
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The Alan Turing Institute, a UK government-backed data science and AI non-profit, has appointed four directors tasked with addressing societal issues. The appointments are part of the instituteâs new strategy to shape how data science and AI can be used for social good. The key three areas of focus â referred to as âgrand challengesâ ... Read more âș
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TORTUS, a London-based startup using generative AI to assist clinicians with time-consuming admin tasks, has raised $4.2m (ÂŁ3.3m). Founded in 2022 by a cardiologist and a machine learning engineer, TORTUS has built a platform, called Operating System Leverage in Electronic Records (OSLER), which can automate documentation and administrative workflows for medical professionals. Co-founder Dr Shankar ... Read more âș
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An âexpert panelâ featuring figures from NEST, IQ Capital and Legal & General has been created to support reforms geared towards driving pension funds into startups. The panel, which has been assembled by the British Private Equity and Venture Capital Association (BVCA), will look at the structural and technical issues related to enforcing pension reforms. ... Read more âș
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This weekâs UKTN Podcast guest is Dr Angie Ma, co-founder of Faculty. In this episode, Ma unpacks why AI is a double-edged sword in an election year, explains why Faculty stopped doing political work post-Brexit referendum, and shares her top productivity tips for entrepreneurs.  Ma founded Faculty with Dr Marc Warner and Andy Brookes in 2014. ... Read more âș
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UK non-profit tech equality advocacy group OneTech has brought on three new board members, including a former executive from Tech Nation. Founded in 2018, OneTech is a group aiming to boost inclusivity in the tech industry and amplify underrepresented voices. The group hosts networking and training opportunities backed by partners such as Google, JPMorgan, UKBlackTech ... Read more âș
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Belfast-based AI drug discovery startup AMPLY has raised ÂŁ1.4m in grant funding as it gears up for its second pre-seed round. Founded in 2021, AMPLY is a spinout from Queenâs University Belfast. The company uses a proprietary AI model that it says reduces the cost of discovering new drugs. The startup is using AI to ... Read more âș
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Failing to reskill people for the AI revolution risks people becoming disenfranchised and causing problems that âchallenge the foundations of liberal democraciesâ, the founder of Multiverse has said. AI taking jobs has been a long-running concern for workers, but recent advances demonstrated by technologies like ChatGPT have sparked a new urgency to the conversation. Euan ... Read more âș
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Business and technology leaders from Google, Microsoft, Vodafone and Barclays will convene at 10 Downing Street today for the first âAI Opportunity Forumâ. Announced by Prime Minister Rishi Sunak in December, the forum will see the group discuss how to drive the adoption of AI in the private sector. The initial meeting, hosted by tech ... Read more âș
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17.06.2026 09:42
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