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 ›
0
Twig, a “circular economy” fintech that has raised £32m from investors, is shutting down less than four years after launching. The London-based startup initiated the insolvency process earlier this month for both its primary business and Mobi Market, a subsidiary it acquired in 2022. Twig has entered creditors’ voluntary liquidation, which means it cannot repay ... Read more ›
30
HireAra, a startup building AI candidate presentation-building tools for the recruitment industry, has raised £450,000. Founded in 2022 as a spinout from automation company DigiBlu, HireAra is looking to use advances in AI technology to drive improvements in recruitment. The startup works with recruitment agencies to generate CVs and candidate presentations and profiles. Clients can ... Read more ›
0
Changes to the Investigatory Powers Act risk making the UK “less attractive for investment”, a tech trade association has warned. The Investigatory Powers Act, introduced in 2016, is being amended to give the intelligence services additional tools to deal with national security threats. Civil liberty groups have described the existing legislation as the “snoopers charter”. ... Read more ›
35
Manchester-based delivery tech firm Sorted has been acquired in a reverse takeover by AIM-listed company Location Sciences for less than £70 after raising more than £70m over the years. Founded in 2010, Sorted develops software to analyse the performance of deliveries to improve operational efficiency. Sorted has worked with major ecommerce partners, including Asda, Lush ... Read more ›
0
Back in April, I talked about how UK tech could emerge stronger from the global economic downturn. Since then, one subsector in particular has led the tech industry’s recovery, attracting record investment and establishing itself as one of the most exciting areas for UK growth – climate tech. Data from London & Partners released earlier ... Read more ›
0
SME financial services platform Tide has appointed its first chief risk officer (CRO) as it looks to strengthen its compliance team. Rebecca Marriott, who has worked across the Tide financial crime prevention and compliance department since 2018, will immediately assume the newly established CRO role. Before joining Tide, Marriott worked in the financial intelligence unit ... Read more ›
2
London-based quantum company Orca Computing has acquired the integrated photonics division of US firm GXC for an undisclosed sum. Founded in 2019, ORCA develops quantum computers using modular optical fibre-based architecture. GXC is a wireless technology company specialising in 5G connectivity. Its photonics division has supplied quantum solutions in the US both commercially and in ... Read more ›
0
Berlin-based Delivery Hero is selling its 4.5% stake in Deliveroo – worth around £83m – as the food delivery app sector continues to face challenges. Delivery Hero said on Monday it intends to sell the entirety of its 68.2m shares in the London-listed firm. According to the company, the new funds will go towards “general ... Read more ›
16
Dutch neobank unicorn company Bunq will re-enter the “hugely important” UK market following its first full year of profitability. The Amsterdam-based fintech has applied for an e-money institution (EMI) license that will allow it to provide financial services in the UK. “As a bridge between Europe and the rest of the world, the UK is ... Read more ›
1
In the latest episode of the UKTN Podcast, Sunderland Software City CEO David Dunn shares his thoughts on how the North East can grow its tech sector, gives his assessment of the government’s tech department, and explains how increasing the number of regional startups can help the UK become a “tech powerhouse”. From Newcastle to ... Read more ›
0
Distinct tech clusters have emerged in the North East – including a hub of gaming studios and startups in Teesside, creative tech and media innovation around Gateshead and region-wide strengths in cybersecurity, advanced manufacturing, clean tech and fintech. UKTN’s latest tech report maps out the North East’s current tech landscape, from high-potential startups to tech ... Read more ›
0
Xampla, a cleantech company from Cambridge, has raised $7m (£5.5m) in funding to advance its plant-based, biodegradable material that aims to replace plastic. The startup’s mission is to eliminate the need for plastic by replacing it with ‘Morro’, a proprietary material that the company claims can break down quickly and fully without releasing any harmful ... Read more ›
0
The government has been criticised by Labour opposition over its delay in approving the acquisition of Welsh semiconductor company Newport Wafer Fab. A deal from US chipmaker Vishay to acquire the Newport-based firm for £144m was agreed by the two companies late last year. It came after the government blocked the previous agreement from Chinese-owned ... Read more ›
22
Scottish health startup Carcinotech has raised £4.2m to further develop its 3D-printed micro-tumour technology. Founded in 2018, Carcinotech works with pharma companies, clinicians and surgeons to safely test new medications on models of cancer cells. The Edinburgh-based firm manufactures 3D-printed tumours based on patients’ biopsies and blood samples, which can then be tested on to ... Read more ›
24
The majority of businesses consider the human element of advanced technology as critical despite fears of staff being replaced by automation, a report has found. A survey of 2,900 business leaders found that 86% were looking at how emerging technologies – such as AI – could advance employee skillsets. Additionally, 83% are planning to re-train ... Read more ›
2
Wondercraft, a London-based startup aiming to build the “Canva of audio” has raised $3m (£2.36m) in a round featuring Y Combinator and entrepreneur Steven Bartlett. Launched in 2023 by engineers from US data firm Palantir, Wondercraft is an audio editing platform for podcasts, audiobooks and other audio content creation. Wondercraft includes AI assistants for music ... Read more ›
9
JS Holdings Group, a pioneer in promoting Korean culture in the UK, most notably through its acclaimed Korean restaurant franchise, Yori, has taken a giant digital leap forward with collaboration software. The company has now integrated the collaboration software Morningmate, by Madras Check – known as flow.team in its South Korean home base – ... Read more ›
0
An increase to the threshold for high-net-worth angel investors will take effect at the end of the month despite industry pressure to scrap the controversial policy. Reversing the changes would require a debate in Parliament and there is not enough time to do so before 31 January, tech industry lobby group the Startup Coalition said. ... Read more ›
2
Greater Manchester Mayor Andy Burnham has said he will “wait and see” the outcome of the Post Office public inquiry before deciding whether to continue an agreement with Fujitsu. Burnham and Manchester City Council leader Bev Craig signed a partnership agreement with Fujitsu during a trade mission to Tokyo last month to support the region’s ... Read more ›
17
The Insights Family, a Manchester-based market intelligence platform, has raised £5.6m in an investment round led by the Business Growth Fund (BGF). Founded in 2017, The Insights Family collects trends and insights from user data, which is filtered into its platform to inform client marketing strategies. Clients of the startup include LEGO, Mattel, Nike and ... Read more ›
3
Most popular sources
Financial Times
|
0% |
Tech.co
|
0% |
VentureBeat
|
0% |
Mashable
|
0% |
Ubergizmo
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
17.06.2026 12:17
Last update: 12:10 EDT.
News rating updated: 19:13.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.