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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London-based AI cybersecurity startup Mindgard has secured £3m in seed financing from investors IQ Capital and Lakestar. The startup has developed a platform for businesses to test the security of AI models. Mindgard says its platform interoperates with “almost any” cybersecurity system. Mindgard was founded last year by Garraghan, Steve Street and Dr Neeraj Suri. ... Read more ›
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Wellmind Health has appointed techUK and NHS England’s SME commercial advisory board member Heather Cook as its newest chair. Launched in 2011, the Brighton company provides digital treatments for chronic pain management, mental health and addiction. Mark Hunt, CEO of Wellmind Health, said: “With increasing patient demand and sustained pressures on healthcare services, such as ... Read more ›
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British chip designer Arm is targeting a valuation of more than $50bn (£40bn) for its hotly anticipated IPO. In a regulatory filing published on Tuesday, Arm estimates shares will be priced between $47 and $51. With 95,500,000 shares being offered that puts the valuation between $50bn and $52bn. The company said it may issue compensation ... Read more ›
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Milton Keynes-based holographic tech company Envisics has secured a further $50m (£39.8m) in funding from investors. The top-up means the company has closed its Series C round at more than $100m (£79.6m). Envisics’ final Series C tranche saw M&G Investments come on board as a shareholder. Previous backer Van Tuyl Companies provided follow on investment. ... Read more ›
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A wave energy machine developed by Mocean Energy is scheduled to be deployed in Orkney following a £3.2m (€3,749,405) investment coming from EU funding. The Scottish company has developed technology to harness the energy of waves offshore. One of those machines, the Blue Horizon 250 (kW), will be connected to the grid via the European ... Read more ›
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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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20.06.2026 07:58
Last update: 07:50 EDT.
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