A lack of digital skills in the civil service poses a major risk to the government, according to new research. In a report published today by the Public Accounts Committee (PAC), a select committee within the House of Commons that oversees expenditures, it was revealed that only 4.5% of professionals in the civil service are ... Read more ›
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Arm, the semiconductor designer from Cambridge, is gearing up for a blockbuster Nasdaq listing this week in what’s billed as the most eagerly anticipated initial public offering (IPO) of the year. With the firm’s potentially $50bn listing imminent, here’s everything you need to know about the Arm IPO. What is Arm? Arm designs and licenses ... Read more ›
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The launch of a state-backed digital currency from the Bank of England has been held back by “concern about privacy”, according to a senior member of the project. Speaking to the Treasury Select Committee, Sarah Breeden – set to become the deputy governor for financial stability – warned that there must be a “national conversation” ... Read more ›
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Myma Medical, a health tech startup developing an automated fertility treatment, has secured an investment of £145,000 from LYVA Labs. Formed in 2020 as a spinout from the University of Birmingham, Myma Medical has developed the ‘AutoICSI’ system that aims to improve the success rates of IVF treatments. AutoICSI uses AI-powered cameras to detect the ... Read more ›
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Treefera, an AI platform that provides forest mapping data for the carbon offset industry, has raised £1.8m. The Treefera platform uses AI algorithms to map trees globally, collecting data that can then be used to measure, report and verify carbon credits, which are bought by companies to fund carbon reduction projects to offset emissions. With ... Read more ›
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Startups in Liverpool secured a record number of equity investments last year amid a wider funding slowdown, new research has revealed. Firms in the region raised 85 deals in 2022, breaking previous records as the city gains momentum as an emerging tech hub. The data, collected by Beauhurst ahead of the Liverpool Slush’D startup conference, ... Read more ›
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British semiconductor firm IQE has reported a revenue drop of almost 40% in its 2023 half-year results. The Cardiff-based chip firm, which produces compound semiconductor wafers, saw revenues tumble from £86.2m in the first half of 2022 to £52m in the first half of this year. Operating losses widened from £19.6m in the first half ... Read more ›
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Electric car subscription company Onto has entered administration just over a year after securing nearly £150m in funding. Onto said in an announcement on Monday that it had appointed administrators from Teneo Financial Advisory to oversee the administration of Onto Holdings, along with its four additional subsidiaries. Administrators cited rising interest rates and a “squeeze” ... Read more ›
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Electronics subscription platform Raylo has raised £5.2m ahead of an upcoming crowdfunding campaign on Crowdcube. London-based Raylo is aiming to combat consumer e-waste with a subscription model that recycles electronics. Aside from its subscription product, Raylo offers its own custom leasing payment software that can be used by third-party businesses. The company says it uses ... Read more ›
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Treefera, an AI platform that provides forest mapping data for the carbon offset industry, has raised £1.8m. The Treefera platform uses AI algorithms to map trees globally, collecting data that can then be used to measure, report and verify carbon credits, which are bought by companies to fund carbon reduction projects to offset emissions. With ... Read more ›
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Goldilock, a Wolverhampton-based cybersecurity firm, has secured a $1.7m (£1.4m) seed round for its physical network kill switch. The seed funding comes from New York Angels and Harvard Business School Alumni Angels of Greater New York. Companies can plug Goldilock’s cube-shaped device, called ‘Drawbridge’, into network infrastructure. The device does not have its own IP ... Read more ›
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In today’s dynamic business environment, embracing innovation is the key to staying relevant. However, the logistics sector in the UK appears to be holding onto traditional practices, often unaware of the hidden consequences. For industry insiders, including venture capitalists and private equity firms keeping a watchful eye on the logistics technology (LogTech) sector, it’s essential ... Read more ›
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The NHS Innovation Accelerator (NIA), a programme to support health startups, has launched a call for new company applications. First launched in 2015, the NIA is a nationwide programme, supported by Accelerated Access Collaborative and the Academic Health Science Network, that helps scale promising developments in the health industry that can be incorporated into NHS ... Read more ›
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Helsinki-based venture capital firm NordicNinja is establishing a UK base in London as it reveals a new €200m (£171.6m) fund. The VC’s latest fund will target “digital society”, deep tech and climate tech startups. New investments will join Bolt, Starship Technologies and Einride in the investor’s portfolio. As well as the UK, NordicNinja has also ... Read more ›
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Swallow, a no-code pricing optimisation platform for businesses to test pricing structures for products and services, has secured an £850,000 pre-seed investment. Companies can create and test mock pricing structures using Swallow’s platform and, when ready, deploy the new pricing structure. Swallow was founded by Callum Rimmer, who previously launched insurtech company By Miles, which ... Read more ›
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Charac, a digital pharmacy app, has collected £1.2m in debt and equity from the National Pharmacy Association and pharmacy owners. It brings the London-based startup’s total to £2.5m, however, talks are still “ongoing” with venture capital firms. A company spokesperson told UKTN that “the majority is debt-financed”. Charac’s platform provides automated repeat prescriptions, consultation booking, ... Read more ›
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The UK’s climate tech sector could receive a £4bn investment from Qatar as the Middle Eastern nation looks to establish a green energy research facility in southern England. Funded by the Qatar Foundation, the university-style facility will also be supported by a partnership with Rolls Royce. As reported by the Sunday Times, £1.5bn will be ... Read more ›
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London-headquartered Kroo Bank is looking to raise up to £70m in a Series C funding round to grow its customer base and build its quality loan book. The challenger bank said it aims to achieve profitability with the closure of its latest raise, which is targeting £55m to £70m from venture capitalists, family offices and ... Read more ›
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Scottish health tech startup Microplate Dx has secured a £2.5m seed investment round to develop its diagnostic platform for bacterial conditions. Founded as a spinout from the University of Glasgow, Microplate Dx has built a platform backed by a proprietary data processing algorithm to rapidly test the antibiotic susceptibility of bacterial infections. Doctors can then ... Read more ›
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Oxfordshire-based space tech company Open Cosmos has raised $50m (£40m) to support the development of its satellites that provide organisations access to data on climate change and sustainable natural resources. Founded in 2015, Open Cosmos designs builds, launches, operates and maintains its satellites through its OpenOrbit division. Other divisions in the company include OpenConstellation, which ... Read more ›
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13.06.2026 15:17
Last update: 15:10 EDT.
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