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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On-demand laundry and dry cleaning service Laundryheap is acquiring the digital assets of Paris-based Lavoir Moderne, which marks its fourth acquisition in under two years. Laundryheap did not disclose the terms of the deal but its chief executive said it would expand its footprint in France. Deyan Dimitrov, CEO and founder of Laundryheap, said: “We ... Read more ›
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The government has named the 12 universities set to share a £117m funding pot to help equip the UK with AI skills. The University of Bristol, the University of Edinburgh and the University of Southampton are among the academic institutions receiving funding for Centres for Doctoral Training in AI. The £117m public funding was first ... Read more ›
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UKRI has asked Research England to suspend the operations of its diversity advisory group after the tech secretary accused it of a “serious failure” of impartiality following social media posts about the Israel-Hamas war by some of its members. Dame Ottoline Leyser, chief executive of UKRI, said she has launched an investigation and will use ... Read more ›
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Half of the industry representatives at the AI Safety Summit hail from the US, the government’s published attendee list shows, as Prime Minister Rishi Sunak looks to make the UK the “geographical home of global AI safety regulation”. The full guest list for the two-day summit shows 40 “industry and related organisations” attending, with 20 ... Read more ›
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Sprout.ai, a startup using generative artificial intelligence for insurance claims, has secured £5.4m in its latest round of funding. Used by AdvanceCare, MetLife and Generali, Sprout.ai says it can slash handling costs in half by automating the claims process. The software takes information regarding a claim, summarises it and then reviews it against the insurance ... Read more ›
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London-based buy now pay later (BNPL) provider Zilch has been valued at $2bn (£1.65bn) after an investment from eBay. The US ecommerce giant was revealed to have acquired a share of the Klarna rival in Zilch’s latest filings on Companies House, first reported by the Telegraph. The investment from the equity arm of the online ... Read more ›
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Tech billionaire Elon Musk will attend the UK’s AI Safety Summit this week and host a conversation with Prime Minister Rishi Sunak on X, formerly Twitter, on Thursday evening. Musk’s expected attendance will be seen as a major boost for Sunak after several world leaders – including US President Joe Biden and French President Emmanual ... Read more ›
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The UK’s financial regulator is cracking down on “unfair” and “unclear” contracts for buy now pay later (BNPL) products as data reveals use of the alternative payment method has skyrocketed. The Financial Conduct Authority (FCA) has enforced a requirement for firms in the BNPL sector to present customers with clear, easy-to-understand contracts that inform people ... Read more ›
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In the latest episode of the UKTN Podcast, Nigel Toon, co-founder and CEO of Graphcore, discusses all things AI safety ahead of the UK’s inaugural summit. Toon – who will be attending the AI Safety Summit – explains the danger of letting commercial interests and Big Tech shape regulations, and why he believes the government ... Read more ›
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The role of AI and how to regulate it has become a topic of increasingly fierce political debate. Predictions about how the technology will impact society have ranged from apocalyptic to utopian, and as such it was to be expected that this would be an issue at the forefront of tech agendas at this year’s ... Read more ›
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Oxford University Innovation and Parkwalk Advisors have closed £3m for its latest fund backing early-stage startups. Shared exclusively with UKTN, the University of Oxford Innovation Fund was initially set up in 2014 to back tech and science spinouts from the university. The close marks the sixth Innovation Fund to date. The fund – known officially ... Read more ›
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The chief executive of Nordic challenger bank Lunar has poured cold water on a rumoured merger with British bank Monzo. Lunar CEO Ken Villum Klausen said the fintech is focused on its Nordic expansion and that speculation over a deal with Monzo in July was “overhyped”. Speaking to Tech.EU, Klausen said: “We don’t have any intention ... Read more ›
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UK tech founders have called on the prime minister to embrace artificial intelligence products in the public sector, open up datasets and provide more incentives for startups ahead of the AI Safety Summit this week. The letter to Rishi Sunak – signed by the founders of 25 startups including Faculty, Stability AI and Mind Foundry ... Read more ›
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Prime Minister Rishi Sunak has announced £100m in funding for an accelerator that will use AI to find treatments for previously incurable diseases. The AI Life Sciences Accelerator will be deployed over the next 18 months and target areas where artificial intelligence has the greatest potential to improve healthcare. “AI can help us solve some ... Read more ›
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24.06.2026 13:23
Last update: 13:15 EDT.
News rating updated: 20:12.
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