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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At a time of intense geopolitical tension, any reliance on foreign imports exposes a country to some risk. But as the British government attempts to use advanced technology to lift the country out of its economic slump, its longstanding dependence on overseas suppliers for battery materials could become one of its most dangerous positions. Required ... Read more ›
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Shellworks, a biomaterials startup that has developed a sustainable plastic alternative, is preparing to expand into the US and Europe off the back of a $15m (£11.2m) Series A round. The company’s flagship creation is Vivomer, a material developed over six years made by using microbes to ferment second generation feedstocks like used cooking oil. ... Read more ›
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VC funding into British businesses is increasingly concentrating into larger bets on fewer firms, with the AI sector being a top beneficiary. According to new research from NatWest, UK startups raised £17.5bn across more than 2,000 deals last year, with a clear trend forming favouring larger rounds. In the bank’s latest Future of UK Innovation report ... Read more ›
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The British government is launching a new UK AI research lab backed by up to £40m to host new breakthroughs. Part of its ambition to elevate and maintain the country’s position in global AI, the lab will see researchers invited to pitch ideas, secure project funding and access large-scale computing power. The government hopes the ... Read more ›
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Oxford-based autonomous vehicle technology company Oxa has announced a new $103m (£77.2m) Series D funding round that will support the company’s commercialisation of its product. While many prominent autonomous driving tech firms are developing consumer-facing self-driving taxis and personal cars, Oxa is focused on the industrial applications of self-driving vehicles. With the new investment secured, ... Read more ›
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Antiverse, a biotech company based in Wales, has secured a $9.3m (£7m) Series A investment in support of its AI-designed therapeutic antibody technology. The Cardiff-based company was launched to tackle the healthcare challenge of treating diseases with supposedly ‘undruggable’ molecular targets. Antiverse has developed an AI-led computational system that focuses on developing antibodies against these ... Read more ›
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This week’s podcast guest is Sue Black OBE, a legendary British computer scientist, who discusses her inspirational journey into computing, why too little has changed when it comes to sexism in the tech industry and her hopes and fears for the global workforce in the age of AI. Black was the founding chair of the ... Read more ›
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UK organisations have been urged to review all cybersecurity practices by authorities amid an increased threat level caused by recent conflicts in the Middle East. The National Cyber Security Centre (NCSC) issued a warning to UK organisations stating that due to the “fast-evolving nature of the conflict” concerning Iran, cyber risk assessments will have to ... Read more ›
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Phasecraft, a British quantum algorithms company, has began work on a contract for the US’s Defense Advanced Research Projects Agency (DARPA). The UK firm will work alongside the University of Maryland’s Applied Research Laboratory for Intelligence and Security (ARLIS) on a US Department of Defense project on quantum benchmarking. DARPA’s Quantum Benchmarking Initiative (QBI) was ... Read more ›
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Bindbridge, an agtech startup using an AI discovery platform to support crop resilience, has secured a $3.8m (£2.8m) investment. The Cambridge-based company has developed an AI platform, called BRIDGE, that is used to design new agricultural molecular glues to support the creation of new herbicides and crop protection agents. Founded in 2025, Bindbridge said its ... Read more ›
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The British Computer Society (BCS) has appointed two new directors to join the leadership team of the Chartered Institute for IT. Harpreet Panesar is set to join the group as its director of membership and volunteer engagement, while Adam Thompson has been named as its new director of digital. Both of the new hires join ... Read more ›
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Fintech group Wise has announced the appointment of Scott Hill, a long-time tech executive, to its board of directors. Hill, who will join the board of Wise as an independent non-executive director, has held a number of prominent roles in the international fintech industry, including a more than 10-year period working as the chief financial ... Read more ›
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Four years ago, the UK convened the first global AI Safety Summit at Bletchley Park – a symbolic setting that reminded the world of Britain’s computing heritage and of the responsibility that comes with leadership. Last month, that conversation continued in New Delhi at the fourth annual AI summit – proof that what began as ... Read more ›
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UK Private Capital, an industry group representing the country’s private equity and venture capital firms, has called on the government to introduce a new form of relief to encourage late-stage investments. The group has urged for the introduction of Scaleup Reinvestment Relief (SRR), which would create a new capital gains tax reinvestment relief that would ... Read more ›
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The UK government has launched an expansive consultation on the subject of how technology is impacting the safety of children, the results of which could have far-reaching consequences in the AI, social media and video game sectors. Described by the government as the “world’s most ambitious consultation” of its kind, it aims to gather views ... Read more ›
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Eight projects proposing ways in which AI can be incorporated into public sector work have been selected as semi-finalists in a government-sponsored competition. Run by digital business and technology service provider NTT DATA, the Civil Service AI and Data Challenge encouraged public sector workers to propose projects utilising the technology to improve services. Among the ... Read more ›
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This week’s UK tech funding deals include autonomous driving software group Wayve, engineering simulation company BeyondMath and more. UKTN tracked a whopping £1.08bn worth of UK tech investment this week (23 February to 27 February), an almost 1,000% week-on-week increase across seven funding rounds, carried largely by the enormous Series D round raised by Wayve. ... Read more ›
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The vast majority of the British public would support a ban on social media for under-16s, according to a new survey from The Harris Poll UK. According to the group’s survey of 1,000 UK adults, as many as 78% were supportive of a ban, similar to legislation brought in by Australia that came into effect ... Read more ›
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Andrew Bud is the founder and chief executive of iProov, a biometric face verification company used by banks, governments, and enterprises to secure online interactions. In this week’s Founder in Five Q&A, Bud discusses why to be an effective leader, a founder must own any mistakes they make without blaming their team, why you need to ... Read more ›
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Property platform Rightmove has in part credited its investments in AI integration with the surge in profits seen in its latest financial results. The company posted an operating profit of £287.9m for the year ended December 2025, representing a 12% surge from the year before. According to its financial report, the period saw 31 live ... Read more ›
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04.06.2026 23:51
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