A Cambridge startup claiming it can use AI and scent databases to āprint smellsā to improve sleep has raised Ā£2.2m in a joint equity and grant round. Founded in 2019, OW Smell Made Digital first launched as a spinout from the University of Sussex developing technology to digitally transmit scents. The company, which raised a ... Read more āŗ
48
Workplace management software company Monday.com is expanding its footprint in London with a new 80,000 sq ft office. The new lease in Londonās Fitzrovia district near the West End contains the companyās largest research and development operation outside of its headquarters in Tel Aviv. Monday.com said the new location is part of a major expansion ... Read more āŗ
12
Investment in the UKās fintech sector has nearly tripled in the first half of 2024, despite a global decline. Several major deals, including a $4bn buyout of financial software company IRIS Software Group and a $999m VC round by the small business-focused marketplace platform Abound, helped the UK retain its title as the centre of ... Read more āŗ
0
Startup funding platform Fundmypitch has appointed YFM Equity Partnersā David Hall as a non-executive director. Fundmypitch supports businesses in securing investment by connecting startups with capital providers.Ā The group identifies targeted investors and arranges meetings to facilitate funding rounds. Fundmypitch recently helped Northern Ireland-based facility management company Exact Comms secure a Ā£155,000 pre-seed investment. Looking to ... Read more āŗ
0
The number of new UK tech company incorporations has dropped following a period of sustained growth, new data has shown, prompting fears of a tech sector slowdown. In the first quarter, there were 13,802 new tech companies registered in the UK, but in the second quarter, it dropped by 11% to 12,318, according to audit, ... Read more āŗ
0
Ahead of the Olympic Games, equestrianism was overshadowed by Charlotte Dujardinās withdrawal from the Paris event. But it would be a shame if, in the swirl of attention around Dujardinās error of judgment, we lost sight of the fact that Paris is the first Olympic Games in history where women arenāt outnumbered by men ā ... Read more āŗ
0
The UKās tech department has unveiled a Ā£32m funding pot to be split between 98 projects developing AI in the NHS, construction, the railways and more. The projects will be carried out by more than 200 businesses and research organisations. Projects include a Ā£165,006 plan for V-Lab Ltd to develop AI software to improve skills ... Read more āŗ
2
Digital bank Monzo has surpassed 10 million UK customers amid growing competition in the fintech and digital banking sector. Monzo announced the milestone on Tuesday, with one in five UK adults now having a Monzo personal account, according to the London-based company. The fintech said Monzo reached the 10 million user mark by adding two ... Read more āŗ
0
Cambridge tech firm Riverlane has raised $75m (Ā£64m) in a Series C round to expand operations for its quantum error correction technology. This new funding has reportedly made it the first quantum computing startup in Europe to raise a Series C, according to TechCrunch. The startup, founded by Steve Brierley, focuses on a product it ... Read more āŗ
0
The UK is unable to sanction social media firms such as X over their role in inciting far-right riots despite the Online Safety Act becoming law over nine months ago. Violent riots and protests have erupted across the UK including in Birmingham, Liverpool and Plymouth, prompting panic and severe police response. Social media services have ... Read more āŗ
9
Warehouse robot management software startup PHINXT Robotics has secured Ā£2m in venture capital funding. Founded in 2022 by two PhD researchers, Yanwen Chen and Quirino Zagarese, the startup has developed a cloud-based platform they claim helps companies tackle costly and inefficient warehouse operations by making robotic deployments simpler. Traditionally, integrating robotics in warehouses has been ... Read more āŗ
0
This weekās UKTN Podcast guest is Dr Claire Thorne, co-CEO of Tech She Can, who discusses her expectations from the next government to revamp the education curriculum for technology roles. Thorne also addresses the various factors that impact why girls donāt get into STEM, why a third of women are leaving the sector and the ... Read more āŗ
0
The co-creator of the UKās AI Safety Institute has left the civil service after two years of supporting government tech policy. Nitarshan Rajkumar was one of the founding members of the AI Safety Institute when it was established in 2023 under former Prime Minister Rishi Sunak. Rajkumar, who has been a policy advisor to the ... Read more āŗ
0
Not long after securing its UK banking licence, Revolut is set to cement its position as Europeās most valuable startup through a $500m share sale that would give the fintech giant a $45bn (Ā£35.3bn) valuation. The sale was announced to staff on Friday. Revolut employees who have been at the firm for over a year ... Read more āŗ
0
The government should create mechanisms for businesses to more easily share data to increase the cash flow into small UK businesses, according to the SME Finance Taskforce. The taskforce, chaired by the government-backed Centre for Finance, Innovation and Technology (CFIT), is a group of banks, fintechs, software providers, credit agencies and industry bodies formed to ... Read more āŗ
20
Lloyds Bank has appointed a former Amazon Web Services (AWS) executive as its director of artificial intelligence as part of the banking giantās focus on building its AI capabilities. In the newly created role, Dhawan will run the bankās āAI Centre of Excellenceā, a group of data science, behavioural science, machine learning and AI ethics ... Read more āŗ
0
In his Kingās Speech last month, Charles III outlined Labourās plans to āseek to establish the appropriate legislation to place requirements on those working to develop the most powerful artificial intelligence modelsā. While not quite the firm commitment to AI legislation many expected, it marks a clear shift away from the previous governmentās āwait-and-seeā approach. ... Read more āŗ
9
Cambridge-based drug discovery startup Healx has announced a $47m (Ā£37m) Series C funding round as its trial neurofibromatosis treatment receives regulatory approval. Founded in 2014, Healx is using AI to find treatments for some of the worldās rarest diseases. Healx has raised over $100m since it was founded, having previously raised $56m in a 2019 ... Read more āŗ
0
This weekās UK tech funding deals include newly crowned femtech unicorn Flo, financial large language model developer Aveni and flexible energy startup Axle Energy. UKTN tracked Ā£257.5m worth of UK tech investment this week (29 July to 2 August), a 125.5% week-on-week increase across 15 funding rounds. Hereās your weekly roundup of UK tech startup ... Read more āŗ
0
Edinburgh-based golf technology startup Shot Scope has secured $8.5m (Ā£6.6m) in funding as it aims to improve the skills of more than 60 million golfers worldwide. Founded in 2014 by David Hunter in the āhome of golfā, Shot Scope offers subscription-free technology such as GPS wearables, laser rangefinders, and shot-tracking devices to provide in-depth performance ... Read more āŗ
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Most popular sources
Business Insider
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29% 0 |
Tech Wire Asia
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9% 4 |
The Verge
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7% 0 |
Tom's Hardware
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5% 1 |
CNET
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5% 2 |
| View sources » | |
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27.11.2024 18:47
Last update: 18:41 EDT.
News rating updated: 01:41.
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