A climate Tech start-up behind a new touch-screen light switch has raised £2.6m in funding in its seed round. London-based Tewke said the round out-performed its initial target of £1m. The London-based firm said the funding will allow the to develop their intelligent light switch, Tap, which is designed to help you automatically optimise the ... Read more ›
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The UK’s startup ecosystem wears the crown in Europe – and the path to this success has been paved by several vital factors: world-leading research institutions, a highly-developed financial sector, and hungry entrepreneurial talent. But other nations are jostling for position – they all are looking for a chink in the UK’s armour to exploit. ... Read more ›
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British chipmaker CML Microsystems has warned on ‘subdued’ demand for semiconductors and delays to construction of new facilities as it posted a rise in sales. The Essex-based business, which develops mixed-signal, RF and microwave semiconductors for communications firms and operations in Cambridge, UK and California, USA, said planned upgrades to facilities in the US had ... Read more ›
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This week’s podcast guest is Almudena Lara, policy director at Ofcom, who discusses how social media firms are gearing up for the incoming enforcement of strict rules designed to keep children safe in digital spaces. Ofcom is the UK’s media and communications regulatory body. The watchdog was recently granted new powers in regulating content on ... Read more ›
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A Belfast Harbour-led consortium has been awarded funding for a feasibility study into the adoption of autonomous port technology. The Northern Irish maritime hub has been awarded almost £400,000 from the Department for Transport (DoT)’s Smart Shipping Acceleration Fund. The group will carry out a study at the Harbour’s Victoria Terminal 3 to determine how ... Read more ›
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The Manchester Prize has returned for its second year as the British government hopes to incentivise AI innovation in the clean tech sector with £2m of prizes. First announced by former chancellor Jeremy Hunt during the 2023 Spring Budget speech, the Manchester Prize is an annual competition for AI developers in the UK managed by ... Read more ›
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London-listed gene therapy company Oxford Biomedica has brought on pharmaceutical executive Colin Bond as a board member as Leone Patterson steps down. Bond, who will join the life sciences firm in January 2025, started his career as a pharmacist and management consultant at firms including Procter & Gamble, Arthur Andersen and PwC. More recently, Bond ... Read more ›
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The fast-paced nature of the UK’s tech ecosystem means that end-of-year reviews can often feel like outdated, box-ticking exercises that get in the way of more important tasks – especially for tech companies striving for growth. However, as the shift to hybrid working continues to blur the boundaries between our personal and private lives, it’s ... Read more ›
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Aquis-listed AI company Kondor AI has suffered further delays in its proposed acquisition of carbon credit trading app Ora Technology. Kondor, which listed on the challenger exchange in 2023, first proposed a purchase of the entire issued and to be issued share capital of Ora, also listed on the Aquis exchange, in September, but the ... Read more ›
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This week’s UK tech funding deals include AI-native platform Tessl, microplastics replacement startup Naturbeads, running app Coopah and more. UKTN tracked £131.2m worth of UK tech investment this week (11 November to 15 November), a 710% week-on-week increase across eight funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Tessl – 98.6m ... Read more ›
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University of Bath spinout Naturbeads has secured a £7.8m Series A funding round as it looks to address global microplastic pollution. As more and more research reveals how pervasive microplastics have become in the environment, Bath-based Naturbeads is scaling its cellulose microsphere technology designed to replace the use of plastics in everyday products. According to ... Read more ›
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Spinout businesses – born out of university research – are in the spotlight and it’s encouraging to see the government place these innovative companies at the heart of its growth agenda. Labour’s manifesto, the draft industrial strategy, and the Budget all included a commitment to supporting university spinouts to drive growth, jobs, and have real-world impact. Spinouts ... Read more ›
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Steve Salvin is the founder and CEO of Aiimi, a startup based in Milton Keynes that provides enterprise clients with AI data insights. In this week’s Founder in Five Q&A, Salvin discusses being yourself instead of what you think a CEO “should” be, being honest with your team and ditching jargon for a clear and effective ... Read more ›
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ActiveOps is seeking to scale up its marketing team as the decision intelligence business eyes further growth in the year ahead. The Reading-based business, which offers AI-powered data analytics to healthcare and financial services customers, said it was looking to make a number of new hires to accelerate customer acquisition. Five new team members joining ... Read more ›
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A host of the biggest names in UK tech have thrown their weight behind plans unveiled by Rachel Reeves to create pensions ‘megafunds’ with the potential to invest in fast-growth businesses. Top tech organisations including Startup Coalition, Founders Forum and Tech Nation have backed the plans, which will see the creation of eight funds through ... Read more ›
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The founder of Snyk has raised $125m after completing a series A funding round for a new AI software development platform. Guy Podjarny, who founded London-based cybersecurity firm Snyk in 2015 and saw it hit a $7bn valuation in 2022, has built London-based AI firm Tessl to “reimagine software creation from the ground up.” “We’re ... Read more ›
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Coopah, a run coaching app, has announced a £1.5m funding round, backed by pro-athlete Alistair Brownlee MBE and sports agent Ricky Simms. Founded in 2022, Coopah is an AI-powered run coaching app designed to help its users get closer to reaching their goals with every run, aiming to reduce the 58% of new runners who ... Read more ›
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The world has become obsessed with AI. Investors, developers, founders and politicians have repeatedly declared the rapidly advancing space will come to dominate the tech industry in the years to come, with major pressure on nations worldwide to ensure they get their share of the pie. The UK in particular has made no secret of ... Read more ›
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London has been named Europe’s top city for life sciences and third globally in a new report from MedCity. According to the cluster organisation focussed health technology, London was given the highest rank in Europe for its contributions to life sciences, beating out the likes of Amsterdam, Munich and Paris. The group’s Global Cities Comparison ... Read more ›
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Deceptive AI-generated content amplified conspiracy theories and harmful narratives amid numerous major elections, according to a new report from the Alan Turing Institute. The artificial intelligence research organisation conducted a year-long study to view how the rise of generative AI tools might have impacted the democratic process in a year that saw a significant number ... Read more ›
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Business Insider
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Wired
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10% 5 |
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8% 2 |
Android Authority
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7% 4 |
Tech Wire Asia
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7% 3 |
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27.11.2024 05:42
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