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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The UK arm of electric vehicle maker Arrival has entered administration just three years after being valued at more than £9bn. The company has appointed consultancy firm EY as administrator to oversee the sale of the business and its assets. The collapse puts 172 UK jobs at risk and cast uncertainty over the future production ... Read more ›
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Trade association techUK is inviting over 100 companies from within its membership to join a newly created scaleup group that will feed into the government’s scaleup “policy sprint”. The companies will act as a “focal point” for the trade association’s engagement with the Department of Science, Innovation and Technology (DSIT). The techUK scaleups are based ... Read more ›
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In this week’s episode of the UKTN Podcast, Multiverse CEO Euan Blair discusses the role that apprenticeships can play in the future of work, the impact of AI on skills, and the challenges of breaking into the US market. Blair founded Multiverse in 2016. The edtech company has trained over 10,000 apprentices in partnership with ... Read more ›
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Sable Bio, a London-based B2B biotech startup, has raised £1.5m in a pre-seed funding round for its drug safety testing technology. Founded in 2023, Sable Bio uses AI to analyse broad sets of biomedical data to test potential medicines for toxicity. The data is then given to drug developers to inform safety decisions. Now backed ... Read more ›
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The government has earmarked more than £100m to establish responsible artificial intelligence research hubs and make regulators AI-ready, but enshrining protections through legislation will have to wait. The Department for Science, Innovation and Technology (DSIT) has unveiled a host of policies in response to the AI white paper consultation, published on Tuesday. According to DSIT, ... Read more ›
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The government has announced £45m will be invested into the UK quantum computing sector across a new catalyst fund and a funding competition. Last year, the chancellor unveiled a National Quantum Strategy, backed by £2.5bn over the next decade. As part of the strategy, the Department for Science, Innovation and Technology (DSIT) has announced a ... Read more ›
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The AI Safety Institute (AISI), a state-backed body tasked with developing the UK’s understanding of the risks of artificial intelligence, has added a Google DeepMind employee and an Oxford professor to its research team ranks. Geoffrey Irving has been announced as the research director for the institute, which was founded last November off the back ... Read more ›
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A nationwide tech week is set to launch in April to celebrate regional innovation and entrepreneurship across the UK. The first UK Tech Week will commence with a launch event on 22 April with events taking place across the UK from 23 April to 25 April, UKTN can exclusively reveal. It will see separate events ... Read more ›
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Equity, the British union for performing artists, is ready for industrial action reminiscent of the 2023 Hollywood strikes if key agreements are not reached regarding AI and intellectual property. Speaking to UKTN, Equity trade union official Liam Budd said the group is “industrial [action] ready” as it explores modernising film and TV agreements to “establish ... Read more ›
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The finance and tech community has embraced the latest set of business-oriented policies announced by the Labour Party. Last week, Labour held a business conference alongside the release of its Financing Growth report, in which the opposition outlined a handful of economic policies as it courts the business community in preparation for an election campaign. ... Read more ›
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The UK had one of the highest percentage of venture capital funds invested in startups with female founders in Europe last year, according to a new report, but male-founded companies continue to receive the overwhelming majority of investment. The ‘State of Gender Diversity in European Venture 2024’ report from Female Foundry revealed that 16% of ... Read more ›
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In Australian politics, policies are often judged under the metric of the ‘pub test’: would an ordinary patron understand and accept to be fair any given policy, decision or proposal? Weighing up the merits of Labour’s plans for financial services down at the pub may not be the best conversational gambit for Friday drinks with ... Read more ›
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CryptoUK, the British trade association for the blockchain industry, has brought on the UK’s former crypto regulatory boss as an independent consultant. Binu Paul will join CryptoUK having previously held the role of head of digital assets at the Financial Conduct Authority (FCA). At the FCA, Paul oversaw the establishment of the financial watchdog’s digital ... Read more ›
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Inken Thomas is the co-founder and chief product officer at Manageable, a software platform providing tools for managers to be effective coaches. Founded in 2020 by Thomas and her husband Farley Thomas, Manageable is a personalised skills development platform for new and mid-level managers. The London-headquartered startup has created an “AI-powered digital companion”, which includes ... Read more ›
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Labour Party this week published a report outlining many of its economic policies intended to support the growth of British business ahead of an upcoming general election expected this year. The Financing Growth report covered policy across the financial sector, looking at the wider regulatory framework, pension funds, SME growth and more. Here is everything ... Read more ›
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The Treasury has said it acknowledges concerns raised about the recent changes to angel investor rules and will “work closely” with the startup community to find a solution. Last week, Chancellor Jeremy Hunt received an open letter signed by more than 2,700 industry representatives calling for a reversal of a policy to raise the income ... Read more ›
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Cambridge-based startup Obrizum has partnered with aerospace and defence company BAE Systems to launch AI-powered military training tools. Obrizum is a data-driven upskilling platform that uses AI to analyse performance data from employees in training and adapts its teaching to suit users’ needs. Its platform generates custom skills challenges which are targeted to suit the ... Read more ›
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George Osborne, the former chancellor of the exchequer, has joined the American crypto giant Coinbase as an advisor. Osborne, who ran the Treasury for six years during the premiership of now Foreign Secretary Lord Cameron, will support the California firm as the digital currency industry faces regulatory pressure in the US. According to the crypto ... Read more ›
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London-based Giant Ventures has raised $250m (£197m) across two new investment funds targeting “purpose-driven technology”. The VC funds will back firms in the UK, US and the Nordics operating in climate tech, health tech and inclusive capitalism. The first fund, worth $100m, will back 25 companies at the seed stage, while the second $150m fund ... Read more ›
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The UK and Canada have signed a set of agreements to collaborate on AI research and compute infrastructure development. The agreements, which commit the nations to explore how they can support researchers and industry with access to computing capacity, follow a state visit to Canada by Michelle Donelan, the science and technology secretary of state. ... Read more ›
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17.06.2026 11:12
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