Labour has appointed Peter Kyle as shadow science and tech secretary in a party reshuffle. The MP for Hove and Portslade is now responsible for shaping Labour’s tech policy and will sit opposite Michelle Donelan, the secretary of state for science and tech. The reshuffle sees Labour mirror Prime Minister Rishi Sunak’s move to split ... Read more ›
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A climate fintech startup building a platform to connect corporates with carbon projects searching for financing has secured $6.5m (£5.2m) in seed funding. Opna, formerly known as Salt, was founded in February 2022. It aims to “rebuild trust” in voluntary carbon markets, which are a marketplace for carbon emitters to purchase carbon credits generated from ... Read more ›
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Belfast-based Enzai, which is developing AI governance software, has scooped $4m (£3.2m) in a seed round led by Berlin’s Cavalry Ventures. Founded in 2021, Enzai’s software is designed to help AI software creators navigate regulatory requirements for their code. “We founded Enzai with a clear vision: to empower organisations to harness the incredible potential of ... Read more ›
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Hydrogen tractors, self-driving cars and automotive sensors are among projects and firms collecting over £50m in government grant funding. One of those projects is a partnership between self-driving startup Wayve and the University of Warwick for autonomous vehicle safety, which received £1.9m. Minister for Industry and Economic Security Nusrat Ghani said: “The UK automotive sector ... Read more ›
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Football clubs are always looking for ways to gain an edge over rivals. A UK startup claims to have found a way for AI to do just that and is already working with Premier League clubs to find football’s next big star. Aiscout, an app developed by London-based startup AI.io, aims to harness the power ... Read more ›
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Autonomous vehicle startup Wayve is partnering with the University of Warwick on an AI self-driving safety project, underpinned by a £1.9m government grant. Wayve and the University of Warwick’s “DriveSafeAI” partnership will investigate methodologies for AI in self-driving vehicles. “At Wayve we know that confidence in our technology is crucial to commercialisation and widespread adoption ... Read more ›
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London-listed digital mental health platform Kooth has secured a £10m investment, with £3m coming from equity investor BGF. Founded in 2001, the online platform provides services such as messaging, live counselling and support forums. Users on the platform are anonymous. The health tech company will use the cash injection to hire in the US following ... Read more ›
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Jude, a London-based bladder health startup, has raised $4.24m (£3.36m) in a seed financing round to expand to the US. Approximately 2.3 billion people around the world have some kind of bladder-related problem says Jude, with incontinence affecting more than those with menopause, erectile dysfunction and endometriosis put together. Services offered by Jude include medical ... Read more ›
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The University of Dundee has been named the UK’s top university for creating successful spinouts, according to a report from VC firm Octopus Ventures. The analysis considered multiple factors and not just the total number of spinouts produced. The number of patents, level of commercialisation and exits were among the other factors assessed, with Exscientia’s ... Read more ›
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The government has laid out five objectives for the AI Safety Summit, which include agreeing on a shared understanding of risks with international stakeholders and establishing a “forward process” for international collaboration. The UK is continuing preparations for the first international summit, which is set to take place at Bletchley Park on 1 November. The ... Read more ›
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The London Stock Exchange Group is in talks to launch blockchain-based financial asset trading through a separate entity next year. The company behind the London Stock Exchange has been exploring the potential of a blockchain-powered trading venue for around a year, the Financial Times reported. Murray Roos, head of capital markets at the LSE Group, ... Read more ›
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OneID, a digital identification startup working with banks to verify customers, has secured a £1m investment. Founded in 2020, OneID has developed a digital solution to replace physical ID document checks linked to users’ banking information. The process works by users selecting OneID as their digital verification method when signing up for an online product ... Read more ›
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Fintech company Wise has been reprimanded by a UK government body for allowing a sanctioned Russian individual to withdraw funds from their account. In July 2022 a “designated person” under the UK’s Russian sanction regime withdrew £250 from a business account using a Wise card at an ATM. London-headquartered Wise reported the breach 10 days ... Read more ›
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WANdisco has changed its name to Cirata in a bid to draw a line under a fraud scandal that resulted in the data company being ejected from the AIM market. The name change was approved on Wednesday by just under 61% of shareholders. In an investor filing, WANdisco said the rebrand is “intended to provide ... Read more ›
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As the saying goes, if you build it, they will come. This especially rings true when considering Manchester’s flourishing tech scene. Greater Manchester is a £5bn digital powerhouse home to more than 10,000 digital and tech businesses. Collectively, they raised a record £532m from investors in 2022, according to Dealroom data. Manchester has tech sub-sector strengths ... Read more ›
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Professor Sebastian Stein is the co-founder of Evtonomy, a platform using artificial intelligence (AI) to determine the most efficient way to charge electric vehicles. Evtonomy has developed an app that learns the preferences of individual electric vehicle drivers to help them find charging points. It can also adapt to show updates such as when a ... Read more ›
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The government is facing pressure to provide clarity on the regulation and legality of different uses of AI as the global Safety Summit approaches. The Commons Science, Innovation and Technology Committee today warned that international competition, including from the European Union, would overtake the UK’s position as a leader in AI regulation if the government ... Read more ›
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The boss of fintech company Zilch has said he’s taking the decision whether to IPO in the UK or US “very seriously” and has been “encouraged” by moves from the UK government. The London-based payments company said it has now surpassed 3.5 million registered customers since its launch in 2020 and is gearing up for ... Read more ›
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Mimetrik, a digital dentistry startup using machine learning to generate 3D scans of patient mouths, has raised £2m. Founded as a spinout from the University of Leeds, Mimetrik has worked with the institution’s school of dentistry to develop a 3D scanner that uses machine learning, a subset of AI, to create digital models of patient ... Read more ›
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How much is a slice of a startup worth? Usually, this is relatively straightforward: investors calculate value and exchange capital for a stake in the business. This places a specific monetary value on that portion of the startup. However, in some cases, startups give up equity in exchange for advice or access to networks and ... Read more ›
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13.06.2026 16:53
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