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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Biotech company Broken String Biosciences is closing a $15m (£12.1m) in Series A investment to support its move into the US. Cambridge-based Broken String Biosciences is developing a DNA mapping platform called INDUCE-seq for cell and gene therapies. The company will use the funding to establish a US office and make new hires at its ... Read more ›
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YFM Equity Partners has led a $8.2m (£6.6m) investment into metaverse intelligence platform Geeiq. Based in London, Geeiq’s data gives businesses insights into the demographics, interests and other brands their audience likes. Brands including Gucci, Porsche and Walmart are customers of Geeiq’s analysis software. “We’re at an inflection point where traditional advertising and social media ... Read more ›
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Ocado Retail has announced a 7.2% bump in sales as it opens its new robotic customer fulfilment centre in Luton. The digital grocer today published its latest financial results, revealing retail revenue had grown to £569.6m in the third quarter, alongside small boosts to orders per week and total customers. Shares in Ocado were up ... Read more ›
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The UK government is investing £1.4m into the Amplify Venture, a programme to help underserved London-based founders. Amplify Venture is aiming to tackle the funding balance in the UK’s venture capital industry. It cited statistics that show for every £1 of UK venture capital investment, less than 1p is invested into entirely female-founded businesses. Launched ... Read more ›
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Former GCHQ boss Sir Jeremy Fleming has been appointed the chair of the recently established security tech investment firm Gallos Technologies. Fleming will serve as the chair of the investor’s strategic advisory board, where he will guide the firm’s direction as it backs early-stage security startups. As the British cyber intelligence chief, Fleming oversaw the ... Read more ›
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The UK’s competition regulator has issued guidance for businesses on the use of AI foundation models amid an explosion in the popularity of tools like ChatGPT. Its suggestions come after a review of the technology and aims to promote competition and protect consumers. The Competition and Markets Authority (CMA) has put forward seven potential steering ... Read more ›
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The digital markets bill risks undermining investment, innovation and the rule of law, according to a new paper from a free market think tank. The Digital Markets, Competition and Consumers Bill proposes giving the UK’s competition regulator greater powers to police the actions of Big Tech firms such as Amazon, Alphabet and Meta. But giving ... Read more ›
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Venture capital firm Northern Gritstone is contributing capital to clean tech company C-Capture’s ongoing funding round, which it is targeting a close of up to £10m. C-Capture has devised a way to extract the carbon dioxide created by commercial manufacturing from the atmosphere. It can then send this captured CO2 for storage in geological reserves. ... Read more ›
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A Newcastle-based spinout developing technology to instruct protein cells to grow in a certain way for research or commercial use has scooped up £500,000 in seed funding. MarraBio is creating alternatives to bioactive proteins that the company says can “mimic” conventional protein function. The startup claims its protein alternative is both cheaper and has a ... Read more ›
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Digital advertising firm S4 Capital has cut 500 jobs as its share value plunged following a poor performance update stemming from spend-shy tech clients. The digital marketing group, founded by ad veteran Sir Martin Sorrell, lost around 25% of its value Monday morning after it predicted a drop in cash flow in its latest revenue ... Read more ›
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Foreign Secretary James Cleverly has outlined a plan to help developing nations improve skills and innovation in AI as part of a wider United Nations initiative. Cleverly, speaking at the UN General Assembly on Monday, is expected to call on international partners to collaborate in the AI for Development programme. It is being launched in ... Read more ›
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British semiconductor firm Imagination Technologies has registered to go public in New York in what could be the latest blow to the London Stock Exchange. Just days after Cambridge-based Arm completed the biggest IPO of the year on the Nasdaq – snubbing London – fellow chip designer Imagination has announced its intention to go public ... Read more ›
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Albert Einstein single-handedly developed the theory of relativity. Galileo revolutionised our understanding of the universe by inventing the telescope on his own. And Marie Curie, virtually alone, pioneered the discovery and use of X-rays. These individuals did incredible things for science – a while ago. Science is a different type of enterprise today. It’s dependent, ... Read more ›
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Revolut is yet to submit an official application for its US banking licence after taking the preliminary steps over two years ago. The fintech giant submitted a draft banking application with the Federal Deposit Insurance Corporation (FDIC) in March 2021. The filing was a first step in plans to offer full banking service to its ... Read more ›
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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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18.06.2026 06:27
Last update: 06:15 EDT.
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