State-owned investment group British Business Bank (BBB) has reported an annual loss of £135.3m following a drop in its portfolio value. The economic development bank, founded in 2014 to back UK SMEs, said the loss was due to a “challenging economic environment” over the last financial year. Louis Taylor, CEO of British Business Bank said ... Read more ›
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European B2B software venture capital firm Dawn Capital has received $700m (£572.9m) for two of its funds. The majority of the raise at $620m (£507.3m) will be deployed into its fund Dawn V, which provides investments of up to $40m (£32.7m) in Series A and B rounds. The remaining capital will be deployed in follow-up ... Read more ›
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The government will host a series of artificial intelligence events with civil society groups and tech bodies in the run-up to the AI Safety Summit. The summit on AI safety is a little over a month away and will see international governments and major tech firms gather in Bletchley Park to discuss risks and concerns ... Read more ›
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Continuum Industries, an Edinburgh-based startup using AI to help infrastructure developers transition to greener energy, has raised $10m (£8.1m). Founded in 2018, Continuum has developed an AI platform, called Optioneer, which is used by power, utility and renewables companies to assess routing options for energy types. The Optioneer platform analyses the considerations for power lines, ... Read more ›
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Curve, an app that combines all of an individual’s payment cards into a singular interface, has added £58m to its Series C fundraise. It brings Curve’s total Series C figure to more than £133m, with the latest round securing investment from the venture division of Microsoft co-founder Paul Allen’s Cercano Management. Shachar Bialick, CEO and ... Read more ›
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The rapid development of AI could leave governments and regulators unable to safely manage it, Britain’s deputy prime minister has said. In a speech set to be delivered to the UN General Assembly in New York, Oliver Dowden will warn that the desire for countries to ramp up their AI capabilities quickly will cause regulators ... Read more ›
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Goldman Sachs Asset Management and Citi have issued £136m in debt funding to SME lending firm Fleximize. Launched in 2014, Fleximize offers loans up to £500,000 to SME businesses without early repayment surcharges. To date it has distributed more than £300m to UK SMEs. The fintech’s latest capital from Goldman Sachs follows an earlier facility ... Read more ›
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Microsoft and Activision’s revamped merger “opens the door” to the deal being completed, the UK’s competition regulator has said. Under the terms of the revised deal, Activision will sell its cloud gaming rights to Ubisoft instead of Microsoft before the $69bn (£54bn) takeover is completed. The renegotiated deal keeps gaming franchises such as Call of ... Read more ›
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Dr James Clough is the co-founder and chief technology officer of Robin AI, a startup bringing generative AI to the legal sector. Founded in 2019, Robin AI uses a machine-learning model to scour millions of legal documents to suggest drafts and edits for contracts. The London-headquartered company says its technology reduces the time it takes to ... Read more ›
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Climate tech investment fund Blume Equity has received a €40m (£35m) boost from the European Investment Fund (EIF). Based in London, Blume Equity invests into high-growth European tech startups developing tools for decarbonisation and environmental sustainability. Blume has said that while the climate tech sector is one of the fastest growing industries in the European ... Read more ›
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Wamo, a startup offering digital financial accounts to SMEs, has raised $1.5m (£1.2m) in a seed extension round. Headquartered in London, with a significant presence in Malta, Wamo is a business account provider for SMEs. Through a Wamo account, companies can make local and international payments with both a physical and digital card. With a ... Read more ›
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Renew Risk, a London-based startup developing software for the management of renewable energy assets, has raised £1.7m. Founded in 2021, Renew Risk is looking to provide software that covers the funding, arrangement and insurance for businesses with renewable energy assets. It is primarily used by insurance companies, brokers, banks and wind infrastructure developers. The startup, ... Read more ›
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Manchester-based startup Decently has secured £500,000 for its brain injury prediction AI software for clinicians. Launched in 2021 by James Burch and James Chapman, Decently’s Melo tool uses AI to support healthcare professionals with the process of gathering and recording information from patients with brain injuries. “Acquired brain injury is not a new problem, but ... Read more ›
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I’ve worked with my fair share of men over a career in tech that began in the heady 1980s – from those who yelled at me in public meetings, to, more recently, a government-appointed mentor who told me “no one could ever see you as a leader of a tech company”. Unsurprisingly, thirty years ago ... Read more ›
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Sustainability has been in vogue for the fashion industry for many years, but the industry still struggles to reduce its environmental impact. Among the many climate concerns in fashion is the supply chain. Clothing is sourced from all over the world, with the emissions associated with getting goods from A to B a significant contributor ... Read more ›
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Prime Minister Rishi Sunak has pushed back a ban on new petrol and diesel vehicles to 2035 in a slew of changes that investors have said will “undermine” the UK’s net zero targets. The ban on new petrol and diesel car sales will be pushed back from 2030 to 2035, while there will be “far ... Read more ›
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Alumni of the National Cyber Security Centre (NCSC) and Plexal’s startup programme have gone on to secure a combined total of £512m and have generated 1,600 roles. The programme today is announcing the addition of five new cybersecurity companies to its latest cohort. “Cyber threats are now affecting every corner of society,” said Saj Huq, ... Read more ›
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The Wikimedia Foundation, the nonprofit behind Wikipedia, has warned the Online Safety Bill is “threatening the encyclopedia’s ability to function in the UK”. On Tuesday the Online Safety Bill passed through the House of Lords, over a year after its first introduction to parliament. Once granted Royal Assent, it will become law and give Ofcom ... Read more ›
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Fintech company Vodeno has appointed two payments industry heavyweights as CEO and chair. The European banking-as-a-service (BaaS) provider this week named Philip McHugh as chairman and Noah Sharp as CEO. McHugh and Sharp will steer Vodeno’s next phase of growth. The company, which partners with banks and payments service providers, has more than 30 BaaS projects ... Read more ›
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Cambridge-headquartered CMR Surgical has received investment from SoftBank as part of a $165m (£133m) funding round for its medical robots. Founded in 2014, the company’s Versius robots provide assistance for procedures including hernia repairs, colectomies, sacrocolpopexies, lobectomies and hysterectomies. CMR Surgical’s robot assistants have now carried out over 15,000 surgeries since passing EU safety laws ... Read more ›
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13.06.2026 11:57
Last update: 11:50 EDT.
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