This week’s UK tech funding deals include AI scientific research lab Inherent, biomaterials company Mykor and more. UKTN tracked £102.7m worth of UK tech investment this week (25 May to 29 May), a 20% week-on-week decrease across six funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Inherent – £37.2m Sector: AI ... Read more ›
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MokN, a cybersecurity company specialising in anti-credential theft, has secured a $15m (£11.1m) funding round led by Google Ventures. The London-based company has developed a “Phish-Back” solution designed to outsmart attackers attempting to steal credentials by recovering them before they can be used. Among its methods is a ultra-realistic decoy access points that mimic the ... Read more ›
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Inherent, a London-based AI lab that aims to reinvent the scientific method, has emerged from stealth with a $50m (£37.2m) fund raise. Founded by former staff of DeepMind, Microsoft and the White House, Inherent is planning to create what it calls the playbook for AI-native science. It is building an AI system called Faraday, named ... Read more ›
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As much of the world scrambles to implement fast-moving data and compute strategies to secure their share of the AI dividend, the Middle East appears to be emerging as an ideal beneficiary. The governments of the GCC have been among the most aggressive investors in AI with tens of billions going towards infrastructure capacity. These ... Read more ›
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Perceptic has raised a $12m (£9m) seed round led by Accel, Air Street Capital and Elder Gull to accelerate its build of a single AI system to unify research, development and clinical decision-making across the drug lifecycle. Drug development remains a complex and labor-intensive process, with decades of proprietary data, decisions and institutional knowledge kept ... Read more ›
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In a world where it feels the government cannot put a foot right, there’s a danger it may soon march headlong into a tech minefield. Already imperilled in some eyes with an imminent leadership contest, two news snippets caught the eye, which may ultimately lead to a further public backlash if not tackled soon. First, ... Read more ›
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Orbital Industries has raised $50m (£37.3m) in Series B funding to scale its build of industrial hardware using AI. The firm designs, engineers and manufactures physical infrastructure using AI to accelerate how new technologies are discovered and brought to market. Instead of treating materials discovery, engineering and manufacturing as separate processes, it integrates them into ... Read more ›
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London has overtaken Paris and reclaimed its position as Europe’s leading tech ecosystem, according to the latest Dealroom Global Tech Ecosystem Index 2026. Ranked fourth globally, London remains one of the world’s top hubs as competition intensifies in the race to lead the next wave of AI and deep tech innovation. The capital’s return to ... Read more ›
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Ofcom has fined the adult content group Youngtek Solutions £600,000 for inadequate age verification in the latest action made since its powers from the Online Safety Act came into force. An investigation which took place in the second half of last year has found that across the four sites run by the company, Youngtek failed ... Read more ›
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The British Business Bank has announced a new £50m commitment to Longwall Ventures’ Fund 4, which targets early-stage deep tech companies. Made through the British Business Bank’s Enterprise Capital Funds programme, the commitment follows previous support it has made with three previous funds at Longwall. “The Enterprise Capital Funds programme plays a crucial role in ... Read more ›
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Pure Data Centres Group (Pure DC), a London-based hyperscale cloud and AI infrastructure company has secured $2.7bn (£2bn) in financing. The financing was largely comprised of a $2.15bn facility secured against Pure DC campuses in Dublin and Amsterdam. It will be put towards a major growth push across Europe and the Middle East, with an ... Read more ›
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Caudal Energy, a startup developing renewable power systems fuelled by the tides, has secured an investment of £4.3m. The University of Oxford spinout is working towards full-scale testing of its fin-based tidal technology, which will take place at Strangford Lough, Northern Ireland. Should the next phase of development and testing go well, the company will ... Read more ›
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UK fintech hiring is expected to rise as much as 14% in 2026 with the surge being driven by increased demands for payments infrastructure roles, according to a new report. The new Fintech UK Finance Labour Market Trends report from Morgan McKinley and Vacancysoft claimed that hiring will shift towards payments infrastructure positions as well ... Read more ›
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This week’s podcast guest is Nick Pickles, chief policy officer at Tools for Humanity. Tools for Humanity was co-founded by OpenAI’s Sam Altman and provides ways to verify human identity with the belief that the only way to counteract fakery and misinformation is to prove our own humanity. Pickles discusses the technology the firm uses, ... Read more ›
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The UK could be on the verge of joining a startup funding scheme run by the European Union worth €4bn (£3.45bn). According to a report provided by the EU Commissioner for startups Ekaterina Zaharieva (pictured) to the Financial Times, the move could happen later this year. Securing the deal would require a reversal of a ... Read more ›
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HSBC has agreed to provide $550m (£408m) to a United Arab Emirates-based data centre and AI infrastructure company to support the deployment of sites across the US and Europe. Core42, owned by the Abu Dhabi-based tech-focused holding company G42, has secured the funding across two structured trade finance facilities. The facilities have been provided to ... Read more ›
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Neurovalens, a Northern Irish tech startup developing wearable non-invasive neurological treatments, is set to expand its sales overseas after securing US regulatory approval. The Belfast group has secured De Novo approval from the US Food and Drug Administration (FDA) for its technology designed to treat post-traumatic stress disorder. The system works by using low-level electrical ... Read more ›
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This week’s UK tech funding deals include payments infrastructure firm Primer, ear health platform TympaHealth and more. UKTN tracked £128.2m worth of UK tech investment this week (18 May to 22 May), across nine funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Primer – £75m Sector: Fintech HQ: London Round: Series ... Read more ›
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Manufacturing giant Bosch has announced a deal with British AI and robotics group Humanoid that will see the German corporation’s factories supported by specialised robots. Bosch and Humanoid agreed to a proof of concept project earlier this year in which human-like robots were tested across various stages of manufacturing at Bosch. These robots were deployed ... Read more ›
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Michael Stresing is the co-founder of Remedy Legal, an AI-powered legal aide clinic designed to help people in housing tribunals. In this week’s Founder in Five Q&A, Stresing discusses the importance of focusing on client interests and long-term value creation, avoiding a ‘grind’ mentality and why the loudest founders are not always the most successful. What ... Read more ›
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Macmillan Cancer Support, one of the UK’s largest charities supporting medical research and victims of cancer, has announced the launch of a venture capital firm to fund organisations developing medical innovations. Macmillan Ventures, backed by donations from various philanthropists and organisations, will target funding for innovators in cancer treatment. The parent group has already started ... Read more ›
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04.06.2026 09:38
Last update: 09:30 EDT.
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