This weekās UK tech funding deals include AI engineering platform PhysicsX, tax software platform Record OS and more. UKTN tracked Ā£266.48m worth of UK tech investment this week (08 June to 12 June), a 44% week-on-week decrease across six funding rounds. Hereās your weekly roundup of UK tech startup funding deals. PhysicsX ā Ā£225m Sector: ... Read more āŗ
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Business and technology leaders from Google, Microsoft, Vodafone and Barclays will convene at 10 Downing Street today for the first āAI Opportunity Forumā. 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 āŗ
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Velocys, an Oxford-based energy-tech company developing sustainable aviation fuel (SAF), has secured a $40m (Ā£31.7m) investment as part of a rescue deal that took the firm private. Founded in 2004, Velocys aims to decarbonise the air travel industry, which is responsible for 800 megatonnes of carbon emissions annually. The firm has received millions of pounds ... Read more āŗ
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US software company Figma has moved to a new London headquarters that doubles its presence in the UK capital just months after a takeover by rival Adobe fell through. Figma has relocated its European headquarters from an office in Soho to a workplace in Devonshire Square, a five-acre mixed-use workplace near Liverpool Street. It marks ... Read more āŗ
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A bill aiming to revamp regulation of digital markets is a positive move towards breaking the monopolies of Big Tech but risks being āwatered downā, according to the co-founder of a startup taking on the audiobook and e-book giants. The Digital Markets, Competition and Consumers Bill is a piece of in-progress legislation that aims to ... Read more āŗ
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Lilli, a software-as-a-service company providing management tools for those living in care, has raised Ā£8.2m. Based in Woking, Lilli uses AI and machine learning to observe the patterns and trends of users with medical needs to give insights to care workers. The company aims to give a greater sense of independence to those living in ... Read more āŗ
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Merseyside-based health tech company Inovus Medical has launched its new global headquarters at the Glass Futures Centre of Excellence in St Helens. Founded in 2012, Inovus Medical develops simulation technology for surgical training. The company develops both the equipment and software used to recreate the conditions of surgery for medical education. The firmās new headquarters ... Read more āŗ
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A recent University of Pittsburgh study backs up with hard analysis what many have thought all along: return-to-office mandates are favoured by controlling bosses.Ā Ā The team behind the study analysed S&P 500 firms that publicly announced return-to-office (RTO) policies, and examined if mandates affected both the financial performance of the company and employee wellbeing.Ā Despite ... Read more āŗ
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Copyright is the latest battleground for AI. Technology companies want easy access to large quantities of data to train their AI models. Content creators say their intellectual property is being used without permission or recompense. Most existing intellectual property laws were not written with AI in mind. Now, the rules of engagement are being tested ... Read more āŗ
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Robert Fryers is the CEO and founder of Spotta, a startup that has developed sensors to detect pests for the agriculture and hospitality sectors. Founded in 2018, Spottaās sensors use machine learning to continuously monitor for infestations. Spotta says its AI sensors can detect when, where and what type of insects are active to make ... Read more āŗ
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The UK government has allocated Ā£100m of funding for the biotech industry across 22 projects and six āmission hubsā. The Department for Science, Innovation and Technology (DSIT) announced on Friday that the funding will back āEngineering Biology Mission Hubsā and āMission Awardā projects focused on bioengineering projects. The goal is to āaddress global challengesā and ... Read more āŗ
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Startup accelerator Exchange has hired a new head to oversee its operations in Manchester and Leeds. Rich Jones, previously enterprise acceleration manager at NatWest, joins Exchange as it opens applications for its latest cohorts. Exchange is located at Department Bonded Warehouse in Manchester and Department Leeds Dock. Founded in 2019, it provides support to startup ... Read more āŗ
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Newcastle-based manufacturing workforce management startup SQCDP has raised Ā£200,000 in a round led by Londonās QVentures. Founded in 2022, SQCDP supplies companies in the manufacturing industry with software to manage workflows and team members. With the app, users can report shift information and track progress measured against targets. Company co-founder and CEO Stephen Mitchell said ... Read more āŗ
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A spinout from Northumbria University has secured Ā£1.4m to commercialise its lung testing technology for asthma diagnosis. PulmoBioMed has developed a non-invasive mouthpiece to collect fluid samples from the lungs to detect conditions like asthma. The handheld device, called PBM-HALE, separates aerosol droplets from the mouth from those originating from the deep lung. Samples are ... Read more āŗ
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Shares are up at Cambridge-based semiconductor designer Arm after the company posted strong revenue growth in its latest earnings report. Arm stock surged by about 30% after beating analyst expectations with a quarterly revenue of $824m, a 14% year-on-year increase. Arm, which listed publicly on the Nasdaq Stock Exchange last year, raised its full-year revenue ... Read more āŗ
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More than 5,000 workers have come to the UK via the Global Talent Visa since it started 10 years ago, as Tech Nation confirms it will continue to assess applications for the Home Office āuntil further noticeā. A report from Tech Nation reflecting on the decade anniversary of the scheme noted that among the 5,249 ... Read more āŗ
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London-based VC firm Episode 1 Ventures has launched its third investment fund, which has Ā£76m to deploy across early-stage B2B startups. Episode 1 Ventures first launched in 2013 and has since backed prominent UK startups such as Robin AI, Huboo and Carwow. Through its latest fund, the firm will make investments of between Ā£250,000 and ... Read more āŗ
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Colossyan, an AI startup that generates workplace training videos similar to London-based unicorn Synthesia, has raised $22m (Ā£17.4m). Founded in 2020, Colossyan turns text prompts into training videos hosted by AI avatars. The service can generate multiple videos simultaneously, cutting down the cost of producing traditional videos. The company has been used to produce videos ... Read more āŗ
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US payments business Entrust is in āearlyā stage acquisition talks to acquire London-based identity verification scaleup Onfido. The deal would see Entrust add Onfidoās identity verification tools, which scan biometrics and documents, into its portfolio. The companies did not disclose the terms of the deal, which is subject to regulatory approval. Onfido founder and former ... Read more āŗ
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Generative AI startup AudioStack, which creates voice productions based on user prompts, has raised Ā£2.5m as it looks to take on rival British AI company ElevenLabs. Based in London, AudioStackās primary product is for the digital marketing space. Clients ā which include McDonaldās, Canva and Mountain Dew ā input text prompts and AudioStack generates ads ... Read more āŗ
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Two research hubs in Bristol and Southampton have received Ā£11m each in government funding for research into semiconductor technologies. The two āInnovation and Knowledge Centresā will provide support to help bring advances in chip technology to market. Support will come in the form of training for spinouts, workshops and connecting industry players. The Cornerstone centre ... Read more āŗ
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17.06.2026 10:52
Last update: 10:45 EDT.
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