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
Operational Solutions Limited (OSL), a Reading-based counter drone intelligence company, has received a £3.5m investment from the Business Growth Fund (BGF). Founded in 2010, OSL has developed a software platform for airports, government agencies, major venues and commercial sites to protect against security risks from unmanned aircraft. Drones have become widely available, which has led ... Read more ›
0
A group of Big Tech firms – including Microsoft, Amazon, Google and Meta – have agreed to sign an agreement with the UK government to tackle online fraud more effectively. The Online Fraud Charter will be signed on Thursday by the group of 11 Big Tech firms in a meeting hosted by James Cleverly, the ... Read more ›
17
British artificial intelligence startup Stability AI has held early talks with potential buyers amid an exodus of senior staff and pressure from investors for its CEO to resign, according to reports. The startup behind the Stable Diffusion image generator has participated in discussions with multiple companies over a potential takeover in recent weeks, Bloomberg reported ... Read more ›
0
US-based stock trading app Robinhood will officially roll out in the UK in early 2024 after multiple previous attempts. Robinhood, which offers 24-hour commission-free stock trading, has launched a waitlist for UK users and will grant access to its app over the following weeks with full availability expected next year. Users in Britain will be ... Read more ›
0
With the AI Safety Summit and the chancellor’s Autumn Statement bookending last month, November provided plenty to dissect for the UK tech industry. China’s role at the AI summit dominated the headlines, with former Prime Minister Liz Truss among the most vocal critics. With 28 countries in attendance as well as heads of the world’s ... Read more ›
1
Oxx, the London-based B2B software investor, has raised $190m (£150m) to further its investment goals in the European software as a service (SaaS) market. The investor, which has backed UK software startups such as Peak, Black Swan and CyberSmart, said that its new funding will support its investment goals within the “AI paradigm of SaaS”, ... Read more ›
23
The UK competition regulator is expected to block Adobe’s $20bn deal to acquire design software firm Figma after finding it would likely harm the sector. The Competition and Markets Authority (CMA) in its provisional report, following an in-depth probe in July, said the deal would harm innovation for software used by the “vast majority” of ... Read more ›
12
Bristol and Bath are tech ecosystems on the rise, with world-leading firms like Graphcore, a host of promising young startups, major compute infrastructure investments and top-class universities. In the latest regional tech report, UKTN shows off the South West cities’ tech sectors, from the companies and investors championing it to the strengths and challenges it faces. ... Read more ›
1
HSBC Innovation Banking was launched at London Tech Week in June following HSBC’s acquisition of Silicon Valley Bank UK in March. What followed was a whirlwind journey to create and launch a global tech-focused banking brand in 100 days. This year has been particularly challenging for businesses, as a result of the high interest rate ... Read more ›
0
“The North East is one of the most deprived areas, healthy life expectancy is one of the lowest in the country. So that is our North Star in itself,” says Rick Charnley, investment director at Northstar Ventures. That is why healthy ageing, along with biotech and clean tech, are among the main focus areas for ... Read more ›
9
British edtech company Multiverse has cut up to 44 jobs, equivalent to 5% of its global headcount, in a bid to revive its US business amid widening losses. Multiverse founder Euan Blair, son of former British Prime Minister Tony Blair, wrote to staff on Tuesday to confirm the redundancies, describing it as the “toughest decision ... Read more ›
2
PhysicsX, a startup working on various engineering-focused AIs, has raised $32m (£25.3m) in a Series A round led by General Catalyst. It is building a group of AI tools to assist with engineering and manufacturing by speeding up workloads like physics and virtual simulations. “Engineering design processes were transformed by numerical simulation and the availability ... Read more ›
2
Belfast-based Cloudsmith, a software supply chain platform used by the likes of Shopify and HP, has secured $11m (£8.8m) in funding to scale its operations. The Northern Irish startup provides cloud-native tools for businesses to manage software assets, including zero-trust security and developer solutions. Founded in 2016, the company’s largest market is the US, with ... Read more ›
2
London-headquartered financial services platform Moneybox has become the latest fintech to achieve profitability. The firm says it first reached the milestone in Q2 this year and remained profitable in the following quarter. The savings and investment app has also reached one million customers. “Against a backdrop of persistent cost of living challenges, our customers are ... Read more ›
27
The UK government has partnered with 29 private sector investors in a bid to spur more investment in companies carrying out R&D. The R&D initiative, which is being run by Innovate UK, will see the government provide £110m. It is an expansion of the Innovate UK Investor Partnership Programme, in which private partners provide equity ... Read more ›
0
Venture capital firm Molten Ventures has proposed an acquisition of rival investor Forward Partners at a valuation of £41.4m. It would see Forward Partners’ 43 tech startup portfolio transferred to Molten Ventures, which includes the likes of alternative asset platform Ctrl Alt. Martin Davis, CEO of Molten Ventures said: “The deal would provide Molten with ... Read more ›
0
In the latest episode of the UKTN Podcast, Stemettes CEO Dr Anne-Marie Imafidon discusses the power of role models for women in tech, how AI for good isn’t aligned with a focus on boosting productivity, and why arguing about ‘wokeism’ is a roadblock to being a science and tech superpower. Imafidon is a British-Nigerian social entrepreneur ... Read more ›
83
UK tech businesses are projected to secure $12.7bn (£10bn) in venture capital this year, the highest in Europe once again despite losing ground to the rest of the continent. Overall, European tech startups are on course to secure $45bn this year, a steep drop from the $82bn collectively raised in 2022. France raised the second-most ... Read more ›
0
Tech giant Microsoft has pledged £2.5bn to build AI infrastructure in the UK as part of a raft of overseas investments announced by the government on Sunday. The investment will bring more data centres and “thousands” of graphics processing units – circuits used to power AI applications – to the UK. It forms part of ... Read more ›
2
An Edinburgh-based startup that has created a cardboard-based inhaler to deliver drugs to patients has secured a £2m investment. 1inhaler said its dry powder inhaler (DPI) is more affordable and environmentally friendly than “bulky plastic” alternatives. The Scottish startup said its inhaler – which has the same dimensions as a credit card – can be ... Read more ›
1
Most popular sources
Ubergizmo
|
0% |
Irish Tech News
|
0% |
ScienceDaily
|
0% |
UK Tech News
|
0% |
ReadWrite
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
17.06.2026 19:50
Last update: 19:41 EDT.
News rating updated: 02:42.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.