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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The government has committed £70m in support towards the development of “next-generation” telecommunications tech. Additionally, the UK has joined Australia, Canada, Japan and the US in a worldwide telecoms coalition. Dr Kedar Pandya, executive director of cross-council programmes at UKRI, said: “This £70m investment will, via the Future Telecoms UKRI Technology Missions Fund Programme, form ... Read more ›
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An investigation is being launched by the UK competition regulator into the suppliers of public cloud infrastructure. The Competition and Markets Authority’s (CMA) inquiry is being carried out following the result of a study by the communications body Ofcom, which discovered problems for customers looking to switch cloud provider or use multiple services. Sarah Cardell, ... Read more ›
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The current funding slowdown means startup founders must be more flexible in their search for investors. But should that stretch to compensating investors for taking a board seat? It’s tough out there for many startups, as venture investors take a more cautious approach to writing cheques. UK tech venture capital funding was down 57% in ... Read more ›
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London-headquartered medtech company Automata has picked up $40m (£33m) in fresh funding for its automated lab robots. Writing via a post on its website, CEO and co-founder Mostafa ElSayed said he predicts the company will install five times the amount of robots compared to last year. Its LINQ lab automation benches, designed for wet labs, ... Read more ›
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The AI Safety Summit will feature 100 attendees split roughly between international cabinet ministers, CEOs from top AI companies, academics and civil society representatives. Matt Clifford, Entrepreneur First boss and a leading figure in planning the summit, revealed a handful of details about who will be in attendance at the world-first summit on AI safety. ... Read more ›
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The majority of young tech workers in the UK (85%) believe that the widespread adoption of AI tech will be positive, a survey has found. UK workers aged between 20 to 30 years old were found to be the most welcoming of AI compared to anywhere else in Europe. The ‘Young Generation in Tech’ survey ... Read more ›
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Cash raised from initial public offerings (IPOs) in the UK has fallen over the last quarter as London markets continue to face trying conditions. According to data from accounting firm EY, public markets in London saw just five listings, raising £359.8m, in the third quarter of the year. It represents a 36% drop compared with ... Read more ›
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Female-founded AI companies have made up just 2% of the startup deals in the sector over the last 10 years, according to new research. Despite investors seemingly tripping over themselves to back promising AI startups, a new report from the Alan Turing Institute has found there is a stark gender imbalance among the founders receiving ... Read more ›
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Fintech ClearBank is appointing four new board members with experience at the likes of Zopa Bank and Virgin Money in preparation for launching outside of the UK. After holding the position of chair at both the Bank of Ireland and Zopa Bank, Peter Herbert will now hold the same role at ClearBank. Tim Wade becomes ... Read more ›
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The tech secretary has unveiled a £60m funding vehicle, dubbed the Regional Innovation Fund, aimed at boosting research and development (R&D) in the UK. Announced by Michelle Donelan, the Regional Innovation Fund (RIF) will target universities in areas with lower levels of R&D output, with the wider goal of boosting both the local economies and ... Read more ›
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A Manchester-based startup combining concrete with graphene has secured three government grants totalling £1.25m. By adding graphene – often described as a ‘wonder material’ – Concretene says its material is as much as 30-50% stronger than standard concrete and produces fewer carbon emissions. The solution was created by Nationwide Engineering Research & Development and the ... Read more ›
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Meta is exploring options to roll out a subscription model for Facebook and Instagram users in the European Union who want to opt out of personalised ads. But could it start charging UK users as well? The move would see EU users pay $14 (£11.60) to access the Instagram app or $17 (£14) bundled with ... Read more ›
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Californian cybersecurity company Palo Alto Networks has opened a new UK headquarters in London and will generate 485 jobs over the next five years in a boost for the City. The office is located at 22 Bishopsgate, the second tallest building in the City of London. Palo Alto Networks said the 55th-floor office will home ... Read more ›
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Move AI, a startup using artificial intelligence to generate 3D motion capture animations, has raised $10m (£8.2m). Based in London, Move AI describes its mission as democratising 3D animation. The startup uses AI and computer vision techniques to make 3D animations out of 2D videos. Currently, the process of turning human motion into 3D animation ... Read more ›
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Embedded finance company Weavr has shut down its payments subsidiary Comma, less than a year after acquiring it. Weavr, which provides financial service tools that businesses can then offer to customers, acquired the open banking payments platform Comma in March. In a LinkedIn post, Weavr executive Tom Beckenham said the company made the decision as ... Read more ›
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Bristol & Bath Regional Capital (BBRC) has invested its entire £1m allocation for early-stage impact startups, with investments including battery energy storage and robots fighting loneliness. The local initiative is an arm of the £10m City Funds, a joint venture between Bristol City Council, Quartet Community Foundation and BBRC. “The venture ecosystem in Bristol is ... Read more ›
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Greater Manchester-based ecommerce software company Shopblocks has checked out more than £1.5m in funding. Targeting firms “with complex pricing models or supply chains”, it is developing software that can be used to build an ecommerce website without requiring coding skills. “Around 40% of brands with a B2B focus have still not adopted ecommerce, largely because ... Read more ›
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AI content moderation startup Unitary today has raised $15m (£12.3m) in a Series A round after doubling its headcount. The London-based startup is developing content moderation software that uses machine learning to understand if a photo or video contains potentially harmful content. The company said its technology mimics human moderation as it can understand the ... Read more ›
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The UKTN Podcast is back for a new season with another stellar lineup of guests from the world of UK tech. First up, we have Ashleigh Ainsley, co-founder of Colorintech, a non-profit focusing on increasing access, awareness and opportunities for underrepresented groups in the technology industry. In this episode, Ainsley discusses what steps companies can ... Read more ›
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London-based digital identification startup Yoti is launching a new version of its ID app in partnership with Lloyds Bank The push by the bank into the digital verification software space comes after it invested £10m into Yoti at the start of the year. Yoti and Lloyds’ new app aims to be a “more private, secure ... Read more ›
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18.06.2026 04:05
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