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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Exeter-headquartered crowdfunding platform Crowdcube has acquired secondary liquidity site Semper for an undisclosed amount. The secondary marketplace, which lets investors purchase assets from other investors, will continue under the leadership of founders Mathias Pastor and Balthazar de Lavergne. “We started Semper to help iconic companies attract and retain top talent by making equity more tangible,” ... Read more ›
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Swedish fintech Klarna has established a new UK holding company in an “important” step towards an “eventual IPO” as regulatory debates around buy now pay later (BNPL) continue. Based in Stockholm, Klarna is one of the world’s largest providers of BNPL services, which allow consumers to split the cost of purchases into regular payments. The ... Read more ›
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Who would have thought ‘safety’ might be this government’s legacy? Whether it’s AI and its bid to be regulator-in-chief or its promise to make the UK “the safest place in the world to be online”, Rishi Sunak’s government has bounded eagerly into post-Brexit bureaucracy. The landmark Online Safety Bill – legislation designed to put reins ... Read more ›
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In 2023 London was crowned the world’s top ‘smart centre’, beating US cities like New York and San Francisco for the first time, according to Z/Yen Group’s Smart Centres Index. Not only does the achievement recognise London’s support for and intensity of tech innovation, it also demonstrates the success of the capital’s smart city roadmap, ... Read more ›
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Cambridge chip firm Arm has invested in neighbouring computing firm Raspberry Pi and is expanding their existing partnership. The move by Arm now means it holds a minority stake in the device manufacturer. The companies did not disclose the terms of the deal. Paul Williamson, SVP and GM of IoT line of business at Arm, ... Read more ›
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In today’s hyper-connected world, businesses are no longer mere providers; they’re experience curators. The rise of technology in business practices isn’t just about efficiency, it’s about creating a bespoke experience for every user. Personalisation, driven by tech, has transformed the very fabric of customer relations, reshaping expectations and delivering a new standard of tailored service. ... Read more ›
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After plenty of hype from the government, the first international AI Safety Summit has drawn to a close. The prime minister and the technology secretary promised the world a landmark event that would see the international community come together to jointly tackle what some have called the greatest threat to human existence. The event was ... Read more ›
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Nu Quantum, a Cambridge-headquartered quantum networking startup, has scooped £7m in “pre-Series A” funding. It is building a quantum networking unit that interlocks smaller quantum computers into an overall larger network. By combining them through this method, Nu Quantum hopes it can scale up quantum computers, which is one of the main hurdles associated with ... Read more ›
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What has the AI Safety Summit achieved? Let’s be honest it’s all hollow words and no action. All I see is dither and contradiction. Basically, it’s the worst possible outcome as far as I can see for both the UK technology sector and the progression of safe and secure artificial intelligence for the foreseeable future. ... Read more ›
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Dr Shahram Mossayebi is the co-founder and CEO of Crypto Quantique, a company providing cybersecurity tools to protect internet of things (IoT) devices. The London-based company’s cloud-based and embedded tools use “advanced cryptography” to protect internet-connected devices from hackers. Crypto Quantique has also created a patented semiconductor design to secure IoT hardware. Founded in 2015, ... Read more ›
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The prime minister has announced a joint agreement from “like-minded countries and AI companies” to test the safety of AI models before they are released. Speaking at a press conference for the AI Safety Summit, Prime Minister Rishi Sunak said the agreement would build on the Hiroshima Process from the G7 and the “global partnership ... Read more ›
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London-based insurtech startup Eleos has raised $750,000 (£615,200) in a pre-seed investment round led by Fuel Ventures. Launched in 2023, Eleos partners with brands – predominantly fintechs – to embed income protection insurance and life cover into their products. The company is based in London with an additional team in Lisbon. It has partnered with ... Read more ›
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Revolut has hired a new UK banking chief executive as the fintech continues its regulatory battle to secure a full UK banking licence. Francesca Carlesi will head up Revolut NewCo, an arm of the company established to operate banking services, in December. A veteran fintech executive, Carlesi for the past six years served as the ... Read more ›
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UK supercomputers will receive triple the previously announced funding as part of a government plan to equip researchers with tools to assess the safety of advanced AI models. Cambridge has been selected as the site for the second supercomputer, with Bristol unveiled as the first location last month. The AI Research Resource will now receive ... Read more ›
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Women-led businesses secured just 3.5% of the equity funding being invested in UK businesses during the first half of 2023, new data has found. The data, compiled by Beauhurst, looks at deal value and marks a slight improvement on the full-year total for 2022. But there remains an enormous gulf between male-led teams, which secured ... Read more ›
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Short-term property management software company Superhog has picked up £5.5m in Series A funding. Based in Hampshire, Superhog has created a platform to screen guests during short-term stays to prevent fraud. Guests and hosts are verified by allowing their mobile phone operator to disclose details including name, address, billing method, device type and others. Data ... Read more ›
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Durham-based fintech Atom Bank has received over £100m in equity funding from existing investors BBVA, Toscafund and Infinity Investment Partners. The neobank will use its latest investment to increase its lending book customers, adding to its existing £4bn lent to homeowners in the UK. Atom Bank CEO Mark Mullen previously said he intends to IPO ... Read more ›
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Cambridge-based climate tech company Levidian is expanding to the United Arab Emirates with a new base of operations in Abu Dhabi. Expansion to the Middle East comes after Levidian signed a £700m deal to remove half a million tonnes of carbon dioxide equivalent (CO2e) in the United Arab Emirates last year. Levidian CEO, John Hartley, ... Read more ›
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The UK’s tech secretary has announced that AI leaders have signed the landmark “Bletchley Declaration”, a joint commitment to tackling the risks of AI. Michelle Donelan, the secretary of state for tech, revealed the joint commitment at the AI Safety Summit to an audience of world leaders, tech executives and academics on a drizzly morning ... Read more ›
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HR tech startup Spotted Zebra, which has created a platform that uses AI to identify skill gaps at organisations, has secured £7.7m in funding. Founded in 2020, Spotted Zebra’s platform creates a profile for company roles showing the skills they require. Using what it describes as a “blend of AI, assessment science and human expertise”, ... Read more ›
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17.06.2026 23:31
Last update: 23:15 EDT.
News rating updated: 06:20.
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