The wider adoption of self-driving vehicles in the UK without new legislation could lead to “mass casualties”, according to MPs. In a recent report from the Transport Committee, MPs said that while self-driving cars are an exciting opportunity and have become a “great British success story in the making”, they pose a serious risk without ... Read more ›
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Startup HyperJar has banked $24m (£19.3m) in Series A capital for its money management app and card service. Based in London, HyperJar’s Series A was led by Susquehanna Private Equity Investments and attracted investment from the Healthcare of Ontario Pension Plan. “In a very tough fundraising environment, this investment represents terrific confidence in what we’ve ... Read more ›
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London and New York-headquartered customer data platform Ometria has bagged £8m in funding from CIBC Innovation Banking for US expansion. Retailers use Ometria’s software to create a profile of a brand’s shoppers, which then can be harnessed for marketing efforts. Fred Perry, Hotel Chocolat, Steve Madden and Emma Bridgewater are among the 200 retail brands ... Read more ›
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Barney Hussey-Yeo is the founder and CEO of Cleo, a company that has created a digital assistant to provide personalised financial support for Generation Z. Founded in 2016, Cleo’s budgeting chatbot has been used by millions of young people to manage their finances. In July last year, the London-based fintech closed an $80m Series C ... Read more ›
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Shares in British semiconductor designer Arm surged almost 25% on its first day of trading, following its long-awaited IPO on the Nasdaq. The Cambridge-headquartered company’s share price was initially set at $51, but Arm stock opened at $56 and then jumped to $63.59 before markets closed in New York. Arm designs essential components of computer ... Read more ›
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Despite layoffs dominating the headlines over the past 18 months, the UK’s technology ecosystem is thriving for jobs. According to recent data compiled by Deloitte as part of the government’s Kalifa Review, there are currently over 2,500 fintechs based in the UK and London has established itself as a “superhub”, thanks to its position as ... Read more ›
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Baltic Ventures has unveiled the inaugural cohort of nine tech startups participating in its accelerator at Liverpool Slush’D today. Membership on the Liverpool-based accelerator’s programme provides the companies with a £50,000 equity investment, masterclasses and workshops, mentorship and access to a network of investor contacts. Startups include Manchester-based fintech Financielle, which has developed a collection ... Read more ›
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Embedded banking company ClearBank has doubled its revenue from last year, landing it with a pre-tax profit of £5.9m for the first half of the year. In its latest financial report, the fintech posted nearly £50m in revenue, with deposits growing by 80% to £5.4bn. The company’s finance chief, Mark Fairless, said: “I don’t think ... Read more ›
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Dr Dave Smith has been recruited by the government to serve as the country’s latest National Technology Adviser. The former Rolls-Royce technology director will take over the position from Sir Patrick Vallance, who was first appointed as a science and technology advisor to the government in 2018. “I’m delighted to have the opportunity to harness ... Read more ›
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The Liverpool tech industry, while not yet recognised as a major hub, has made major strides in establishing itself as a key player to watch, closing record deals amid a harsh funding slowdown. In our latest regional report, UKTN takes a close look at the Liverpool City Region’s growing community of startups and investors that are putting ... Read more ›
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Insulation installing robot maker Q-Bot has secured over £3.5m in its latest fundraise to support its expansion across the UK, as well as into Europe and the US. Q-Bot’s robots are deployed under floorboards, where they can spray insulation. The bots also produce a digital twin of the property, which can be used by landlords ... Read more ›
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Cambridge-based chip designer Arm has confirmed its valuation of $54.5bn (£43.6bn) ahead of its IPO on the Nasdaq exchange in New York later today. Shares for the Arm IPO have been priced at $51 (£41) for 95,500,000 American depositary shares and listed under the ticker “ARM”. An extra 7,000,000 in American depositary shares has been ... Read more ›
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Bristol-based deep tech investor SCVC has completed the first close of its second fund, with a target of $100m (£80.2m). Launched in 2020, SCVC, the venture capital arm of the Bristolian deep tech entrepreneur network Science Creates, will look to invest in pre-seed and seed-stage startups operating in advanced technology areas such as biotech and ... Read more ›
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Venture capital firm Antler has announced it is backing seven British technology startups operating in areas including proptech, fitness software and sextech. Shared exclusively with UKTN, the VC is deploying over £1m between its latest investments. The eight new additions to Antler’s portfolio are: Abode: A fintech that assigns a portion of household rent towards ... Read more ›
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Startup growth network Tech Nation will relaunch in October during Birmingham Tech Week, UKTN can exclusively reveal. Tech Nation closed operations in March after losing a bid for a £12m government grant – its primary source of income – to Barclays Eagle Labs. Entrepreneur community Founders Forum Group acquired the Tech Nation brand in April. Tech ... Read more ›
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Wrexham-based digital bank Chetwood Financial has appointed Ian Lonergan as chair as it gears up to launch a buy-to-let mortgage product. Lonergan has worked in the financial services sector for 30 years, including as founder and CEO of but-to-let mortgage lender Precise Mortgages. He has also held roles at GMAC, AMP and Ernst & Young. Founded ... Read more ›
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Bristol is set to become home to a new supercomputer that will be the “most powerful” in the UK as part of government plans to boost innovation in AI. The AI Research Resource (AIRR) will be built at the University of Bristol and comprise “thousands” of graphics processing units (GPUs). The supercomputer will be used to ... Read more ›
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Mercia Ventures has led a £1.8m seed financing round into the Cambridge-based AI drug-finding startup Kuano. To uncover new drugs Kuano has found a way to monitor enzymes – a biological catalyst – in their dynamic state, as opposed to the conventional method of analysing them in their resting state. Dysfunctional enzymes are often an ... Read more ›
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Immix, a London startup providing crypto-trading infrastructure, has emerged from stealth with a $2.7m (£2.2m) seed round. Founded in 2019 by two University College London (UCL) PhD students, Immix was first designed as a quantitative crypto hedge fund. However, after dealing with the costly and restrictive infrastructure required, the founding team was inspired to shift ... Read more ›
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The British Design Fund has invested £140,000 into a wheel suspension startup as part of a £520,000 round. Zak Mobility says its prototype combines an electric hub motor with suspension inside the wheel, making vehicles lighter and reducing road vibrations. Reducing the overall weight of the vehicle can also increase battery range for EVs, the ... Read more ›
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13.06.2026 13:35
Last update: 13:30 EDT.
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