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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London has secured foreign direct investment (FDI) from 100 international tech companies this year to create over 4,380 jobs, new data has shown. It marks a 40% year-on-year increase in the number of jobs created from FDI in a sign that London continues to be an attractive destination for overseas businesses amid a challenging macroeconomic ... Read more ›
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Judges in England and Wales have been given the green light to use generative AI tools like ChatGPT for administrative tasks but warned against using them for conducting legal analysis. The guidance, issued by the judiciary on Tuesday, advised judges to check any information provided by an AI tool for accuracy before it is relied ... Read more ›
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Two companies developing technology to launch satellites from Scotland have received more than £6.7m in funding as Britain ramps up its efforts to launch a rocket into orbit from home soil. Orbex, which is building low-carbon orbital launch services at Sutherland Spaceport on the A’ Mhòine peninsula, secured £3.3m. HyImpulse has received nearly £3.4m to ... Read more ›
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A senior Adobe executive has accused the UK’s competition regulator of stifling innovation by taking too long to scrutinise mergers and acquisitions. The Competition and Markets Authority (CMA) said last month that it expects to block Adobe’s $20bn (£15.8bn) deal to acquire design software firm Figma. Speaking to The Times, David Wadhwani, president of Adobe’s ... Read more ›
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The UK government is establishing a second headquarters for its science and technology department in Salford, Greater Manchester. The move will create hundreds of additional roles in Greater Manchester, the Department for Science, Innovation and Technology (DSIT) said on Tuesday. DSIT, along with Building Digital UK – the department responsible for rolling out broadband and ... Read more ›
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The Covid-19 pandemic ignited a rapid evolution in work dynamics, catapulting organisations into a digital realm much faster than anticipated, bolstering the need for digital workspaces. The UK, with its emphasis on enterprise and innovation, found itself at the cusp of this digital frontier. The pandemic underscored the indispensability of digital transformation, manifesting in ... Read more ›
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In this week’s UKTN Podcast episode, Baroness Martha Lane Fox reflects on a challenging year for tech businesses, explains why we should be more concerned about a “profound shift in information flows” than destruction by robots, and unpacks why we shouldn’t be too pessimistic about startup funding. Lane Fox is a British businesswoman, philanthropist and ... Read more ›
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Property developer and venture builder Pioneer Group has partnered with the UK’s national innovation agency to support life science businesses. Pioneer Group and Innovate UK are inviting life science founders to participate in its Launch Programme, which provides support to spinouts and entrepreneurs looking to take ideas from the lab to market. The initiative is ... Read more ›
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The chief executive of Arm has said he worries about humans losing control of AI and that overrides are needed to shut down systems in an emergency. When asked what keeps him up at night in an interview with Bloomberg, Rene Haas said: “The thing I worry about most is humans losing capability [over the ... Read more ›
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British fintech company SumUp has raised €285m (£244m) to expand its global footprint amid a challenging year for tech funding. The London-headquartered firm provides a suite of tools for merchants including business accounts, online stores, invoicing and point-of-sales registers. SumUp plans to use the financing to launch into additional markets after launching in Australia – ... Read more ›
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Housr, a startup that has created a property app for students and landlords, is eying US expansion after closing £1.5m of a targeted £5m round. Housr has built an app for students to find rental properties, book viewings, along with managing bills and maintenance. The portal provides management tools for property owners, who are paid ... Read more ›
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The UK’s competition regulator is asking for industry views on Microsoft’s partnership with ChatGPT maker OpenAI ahead of a potential investigation. The Competition and Markets Authority (CMA) said it was seeking comments to establish if a “merger situation” had arisen between Microsoft and OpenAI following the recent chaos at the generative AI startup. Last month ... Read more ›
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Limited specialist knowledge from financial regulators has caused delays in tackling crypto-related crime, according to a report from public spending watchdog the National Audit Office (NAO). In its latest report covering changes to financial services regulation, the NAO said that while the Financial Conduct Authority (FCA) has required cryptoasset firms to comply with anti-money laundering ... Read more ›
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Personalised digital medical coaching app Holly Health has secured £650,000 in a joint equity and grant funding round. The Holly Health app was built by psychology and healthcare professionals to provide coaching and support to people facing multimorbidity – simultaneous chronic health conditions. According to the startup, multimorbidity affects more than a quarter of adults ... Read more ›
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Meta has rolled out end-to-end encryption for personal chats on Messenger on Facebook, reigniting the UK government’s debate on online safety. The move will make end-to-end encryption the default on Facebook and Messenger. It had previously been opt-in. End-to-end encryption, or E2EE, means that only the sender and receiver can read the contents of the ... Read more ›
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Alex Templeton is the founder and CEO of Qured, a firm providing remote health screening to employers. Staff use a painless at-home blood testing device, which has microneedles thinner than an eyelash, to assess everything from fertility and vitamin levels to diabetes risk and organ function. Qured launched in 2017. The service is positioned as ... Read more ›
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While nothing in life is guaranteed, the prevailing sentiment for job hunters in tech is that new UK tech jobs are being hired for more mindfully. Without easy access to VC funding, we’ve seen a swathe of layoffs, but also a renewed focus on strategic key hires. Organisations that are hiring for 2024 include those ... Read more ›
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A US private equity firm has moved to acquire Glasgow-based Smart Metering Systems (SMS) for £1.3bn in a deal that would delist the energy infrastructure company from London’s public markets. The boards of KKR and Smart Metering Systems said on Thursday that they had reached an agreement on the terms, which values each SMS share ... Read more ›
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The majority of companies backed by venture capital trusts (VCTs) are planning to expand overseas next year, new data shows. A survey of 119 growth companies that have received financial backing from VCTS found that more than 90% of respondents have set their sights on international expansion in 2024. VCTs are investment companies listed on ... Read more ›
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The government has launched a £1m prize for innovative AI-based solutions to support the energy sector, the environment and infrastructure. First announced in March during the Spring Statement, the Manchester Prize was created as part of the government’s ambition for the UK to take a leading role in the rapidly growing AI industry. The first ... Read more ›
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17.06.2026 18:20
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