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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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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London-based Context.ai has launched its large language model (LLM) analytics service with $3.5m (£2.8m) in funding, co-led by Google Ventures. Following the landmark release of ChatGPT, businesses have increasingly been turning to generative AI tools to automate customer service duties in the form of chatbots. While they can seem an attractive way to efficiently handle ... Read more ›
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Troubled health tech firm Babylon has placed two of its divisions into administration but has found a buyer for its clinical services business. Babylon Health, which built the NHS GP at Hand app for facilitating virtual appointments, has appointed administrators for its UK holding company Babylon Group Holdings as well as its AI research division ... Read more ›
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After nearly two years of hiring freezes and cuts, employment in the tech sector is finally on the rise again. Data published last week by the ONS found that, from Q1 to Q2 this year, more than 85,000 people were hired into tech roles in the UK. These are encouraging statistics, indicating that the dip ... Read more ›
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DeepMind, a London-based AI company owned by Google, is trialling a digital watermark tool that can detect and label artificially generated content. Called SynthID, the tool embeds the label into the individual pixels in an image. Humans will be unable to see the mark but computers can detect it and determine that it is AI-generated. ... Read more ›
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Branchspace, a company providing sales software solutions to airlines, has secured a £5m investment from Gresham House Ventures. Founded in 2013, the London-based software firm partners with air travel firms to create personalised digital commerce products. Existing customers include British Airways, Lufthansa Group, Turkish Airlines, Aegean and Air Malta. Branchspace offers airlines the tools to ... Read more ›
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Health tech software company Instem has agreed to a £203m takeover by a US private equity firm in the latest blow to London’s capital markets. The life science solutions provider announced this morning it had agreed to a takeover deal by Archimed, a US-based firm that operates in the health sector. Archimed has established a ... Read more ›
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The UK’s cybersecurity agency has warned businesses to be cautious when integrating AI-powered chatbots due to potential security risks. The National Cyber Security Centre (NCSC) today warned that algorithms designed to replicate human interaction, which are increasingly being used for customer service chatbots, have a number of security issues that it was not yet in ... Read more ›
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The government must invest £390m into the alternative meat market to avoid losing out on a world-leading position in the sector, according to a new report. The Good Food Institute (GFI) Europe, a non-governmental organisation, has called on the government to support the plant-based and cultivated meat sectors with a major cash injection to support ... Read more ›
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A startup founded by three former early-stage Deliveroo staff has raised $2m (£1.6m) to fuel expansion for its “AI-powered” property search engine. Jitty was founded this year by CEO Graham Paterson, CPO James Storer and CTO Daniel Cooper. The founders say they are launching the company after negative experiences purchasing a home. The UK startup ... Read more ›
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Cambridge-based biotech company Abcam has been acquired by US medical and diagnostic tool developer Danaher for £4.5bn. Abcam, which manufactures consumable proteins, is expected to continue to operate as a standalone entity once the acquisition is completed. Under the terms of the deal, Danaher has agreed to buy the firm at $24 a share, which ... Read more ›
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QantX began life as a group of six angel investors backing startups in South West England. Its Devon-based founders, Richard Haycock and Sir Richard Olver, saw an opportunity to improve the commercialisation of the region’s intellectual property and increase the availability of capital for startups working in sustainability and modern healthcare. “The aim really was ... Read more ›
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The CEO of online trading platform IG Group is stepping down from her position due to medical reasons. June Felix has held the role of chief executive at the forex trading company for almost five years. Felix has been on medical leave since the start of July, with finance boss Charlie Rozes acting as CEO. ... Read more ›
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Running out of cash is a common cause of startup failure. Many fledgling organisations focus on growth strategies such as customer acquisition and product development. This means data privacy may not be high on the list. However, the cost of a data breach can be catastrophic. Cash-strapped startups should keep privacy-enhancing technologies in mind when ... Read more ›
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Since its launch at the start of the year, the Centre for Finance, Innovation and Technology (CFIT) has been bolstering its ranks with fintech expertise from the private sector. Now, it’s firmly focused on supporting the fintech growth across the whole UK. “Fintech moves fast and we have to move faster than that,” said CFIT’s ... Read more ›
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The hospitality sector stands on the verge of great change. Ahead is a technological revolution driven by the catalysing effect of AI. This technology can optimise workflows, reduce waste, track consumer behaviour and even generate menus. But for this to happen, hospitality decision-makers must embrace change. Despite the promise of transformation and increased efficiency, the ... Read more ›
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20.06.2026 07:58
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