This week’s UK tech funding deals include AI scientific research lab Inherent, biomaterials company Mykor and more. UKTN tracked £102.7m worth of UK tech investment this week (25 May to 29 May), a 20% week-on-week decrease across six funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Inherent – £37.2m Sector: AI ... Read more ›
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Digital bank Tandem has appointed industry veteran Stephen Jones as its new chair, as it looks to secure future growth. Currently serving as the executive chair of investment banking at Panmure Liberum, Jones has spent decades in leadership roles in the UK banking sector, notably holding positions at Santander and Barclays as well as being ... Read more ›
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The British government is increasing the pressure on tech companies to implement safety measures to protect women and girls. Technology Secretary Liz Kendall issued a warning to digital platforms reiterating the government’s position that tech companies must use every tool at their disposal to protect women and girls, or face further action. The Department for ... Read more ›
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The UK’s new National Fraud Strategy launched on Monday offering a three pillar approach to tackle what has become the most common crime in the country. The strategy, launched by Minister of State Lord Hanson, explains how the UK plans to disrupt the methods used by criminals and how victims can be better supported. It ... Read more ›
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Nscale, a rapidly growing large-scale cloud provider specialising in AI data centres, has raised $2bn (£1.5bn) in a Series C funding round. Founded in 2023, Nscale has surged intensely, landing itself with a $14.6bn valuation less than three years after securing its first investment. The company has quickly become integral to the rapidly scaling global ... Read more ›
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Recently techUK and TheCityUK co-hosted a summit on a crucial issue – how UK-based tech firms can expand their access to capital markets. Economic Secretary to the Treasury Lucy Rigby emphasised the importance of tech firms choosing not just to start in the UK, but also to scale and stay in this country. The UK ... Read more ›
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Augur, a defence-focused AI startup has secured a $15m (£11.2m) investment round. The Augur platform was created in 2024 to meet the evolving threats of the modern geopolitical landscape, with its founders identifying that legacy camera and sensor systems protecting critical infrastructure now offer limited value. The platform integrates with existing cameras and sensors deployed ... Read more ›
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Isembard, a British manufacturing startup the builds components for aerospace, defence and robotics, has raised a $50m (£37.5m) Series A round. The manufacturing group’s hefty new funding round comes less than a year after it raised $9m (£6.7m) for its seed round. Isembard manufactures these advanced components in its own factories that run on its ... Read more ›
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This week’s UK tech funding deals include autonomous vehicle company Oxa, biomaterials group Shellworks and more. UKTN tracked £99.37m worth of UK tech investment this week (2 March to 6 March), a 91% week-on-week decrease across five funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Oxa – £77m Sector: AI/mobility HQ: Oxford Round: Series ... Read more ›
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The majority of cloud providers support regulatory intervention in the UK industry, according to research conducted by industry advocacy group the Open Cloud Coalition. The research comes as the Competition and Markets Authority (CMA) prepares to decide whether to designate Microsoft and AWS with strategic market status, which would allow for targeted pro-competition intervention. The ... Read more ›
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Daniel Callaghan is the co-founder and chief executive of Veremark, a company specialising in background screening for prospective employees. In this week’s Founder in Five Q&A, Callaghan discusses why you need to be prepared that your company might not take off immediately, why a great co-founder is essential and why the founding CEO is usually best-placed ... Read more ›
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Scottish tech founders have raised £257m in investment since joining Techscaler, an initiative launched in partnership with the Scottish government to grow the nation’s startup ecosystem. According to findings from the Scottish government, its founders have raised £139m more than the previous year, with the Techscaler programme considered a key factor. First launched in 2022, ... Read more ›
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A House of Lords committee has warned that the UK must not sacrifice its “powerhouse” creative sector by allowing “opaque” AI models to be trained unrestricted on human work. The Communications and Digital Committee within the Lords has been running an enquiring on AI, copyright and the creative industries since last year. In its latest ... Read more ›
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Revolut has named a US chief executive officer to run the firm’s operations across the Atlantic following its submission for a US banking licence. The London-headquartered fintech giant confirmed on Thursday that it has applied to the US Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation for a national bank charter ... Read more ›
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Cyber threats have become a daily reality for businesses in 2026, with a common reason suggested being surging geopolitical tensions driving rates of state-sponsored attacks. But while international threat actors in hostile states are legitimate concerns, recent research suggests a far greater risk faced by businesses comes from the inside. In its latest annual State ... Read more ›
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The UK government has committed to advancing the nascent industry of space-based pharmaceutical manufacturing with a package of measures for businesses in the field. There is a lot of excitement around the concept of in-orbit drug development. The unique conditions created by low-gravity environments, ones that cannot be replicated on Earth, can make powerful changes ... Read more ›
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When I was 17 and wrestling with A-levels, my school careers advisor had a suggestion. “You like science,” she said. “Have you considered nursing?” Nursing is an admirable career choice. But the presumption that a working-class girl from Reading who liked biology should aim for a caring profession rather than a research career has stayed ... Read more ›
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British Business Bank has committed £20m to the latest fund from Northern Irish private equity group Cordovan Capital Management. The deal from the UK development bank was made as part of its recently adopted growth equity strategy, which encourages it to invest in PE funds backing smaller, high-growth businesses. Founded in 2011, Belfast-based Cordovan specialises ... Read more ›
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The vast majority of UK business leaders believe their role has become significantly more complex in the past six years amid the rise of AI and rapidly changing risks and opportunities. As many as 73% of senior decision-makings within UK businesses feel that their roles have become more complex since 2020, according to a study ... Read more ›
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Mutable Tactics, a robotics company developing a new approach to managing the operation of military drones, has secured a $2.1m (£1.57m) pre-seed investment. While unmanned systems have become the norm for modern defence forces, Mutable Tactics claims the traditional operation of drones is bogged down by having a single operator controlling a single device at ... Read more ›
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British companies developing satellite communications technology are set to receive a share of £30m of government funding from the UK Space Agency. Announced on Wednesday by Space Minister Liz Lloyd, the move from the government agency comes as the UK looks to secure a lucrative share of the £40bn global satellite market. The new investment ... Read more ›
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04.06.2026 23:51
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