The government has scrapped £1.3bn of funding for AI and compute projects pledged by the Conservatives as Labour reassesses the budget left by Rishi Sunak’s administration. The projects included an £800m exascale supercomputer in Edinburgh that the previous government said would accelerate AI, medicine and low-carbon energy advancements. The supercomputer was announced last October by ... Read more ›
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Matt Ford is the CEO and co-founder of Sidekick, a digital wealth management platform for professionals looking to invest their savings. Founded in 2022, Sidekick is a platform aimed at founders, tech workers, lawyers and similar professionals who want to invest beyond picking stocks but don’t know what the next steps are. The London-based startup ... Read more ›
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Labour’s focus on growth, growth, growth dominated its election campaign and most recently its first King’s Speech in the last 14 years. We saw the government acknowledging the potential of technology as a force for good to drive economic growth in the UK, exampled by the move to unblock two data centres almost immediately during ... Read more ›
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Octopus Energy has appointed former Sisense CEO Amir Orad as the chief executive of its technology platform Kraken. The energy provider, part of Octopus Group, said the decision to appoint a dedicated CEO for its platform was made to meet its growth goals. Kraken is the underlying tech platform behind Octopus’ energy business. The system, ... Read more ›
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Dozens of semiconductor startups working on AI efficiency and advanced healthcare have joined a government-backed incubator to turn their research into businesses. The ChipStart programme, which launched in October 2023 with £1.3m in funding, aims to nurture new chip designers. Each of the participants joining the incubator will be supported by Silicon Catalyst’s design tools, ... Read more ›
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London-based flexible energy software platform Axle has raised $9m (£7m) in a seed funding round led by VC firm Accel. The startup was founded in 2023 to meet the changing energy demands as the world slowly moves beyond fossil fuels and traditional energy grids. Axle Energy has developed a software platform to connect devices such ... Read more ›
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Cardiff-based travel tech startup Lovetovisit has secured £3.2m in VC funding to scale its platform for discovering and booking activities across the UK. Since its launch in 2021, the startup has generated £7.4m in revenue, according to its twin sister co-founders Georgia and Alice Aubrey. From theatre trips and city attractions to local events and ... Read more ›
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London-based laundry on-demand startup Laundryheap has continued its expansion with the purchase of Peruvian startup GetLavado, its fifth acquisition in two years. Founded in 2014, Laundryheap is billed as Uber for washing clothes. Users can request washing and dry cleaning services with electric vehicles collecting clothes to be cleaned and returned in under 24 hours. ... Read more ›
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When period-tracking app Flo secured a record $200m (£156m) investment this week, it set a record for the joint-largest fundraise for a femtech company. But it also sparked a lively debate in startup and VC circles because the women’s health startup is founded and led by men. The London-based startup was founded in 2015 by ... Read more ›
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Peter Kyle is the new secretary of state for science, innovation and technology and I bet his inbox must be groaning. A new government that has been waiting in the wings for 14 years is keen to govern differently, and tech looks like it may play a pivotal role. He will have no shortage of ... Read more ›
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The UK and Ireland’s love for takeaways and a “simplification” of its delivery model boosted Just Eat Takeaway’s financial results in the first half of the year, but negative growth in North America and southern Europe led to a small drop in overall revenue. Total revenue dropped by less than 1% at the London-listed food ... Read more ›
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The UK’s competition regulator is once again launching an investigation into partnerships between Big Tech companies and startups, in a sign that such deals – worth billions of pounds – will continue to be scrutinised. This week, the Competition and Markets Authority (CMA) opened an investigation looking at investments made by Google parent company Alphabet ... Read more ›
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This month, the Welsh technology industry received the royal seal of approval when King Charles III visited Sony’s Pencoed-based manufacturing facility to celebrate the tech giant’s 50th year operating in Wales. Top brass from Sony gave the King a tour of the Sony UK Technology Centre, a 20,000 m2 state-of-the-art site that predominantly manufactures cameras ... Read more ›
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Gary Izunwa was earning six figures when he quit his job as a LinkedIn account executive to work for the British Council after becoming frustrated with a lack of social mobility in the jobs market. “I was based in Dublin because of the LinkedIn graduate scheme, but every eight weeks or so, I would go ... Read more ›
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With a new party in power for the first time in 14 years, the UK tech sector finds itself at a crossroads. Throughout the various iterations of the Conservative government, tech has been a consistent bright spot – the UK has regularly ranked in the top three global tech sectors over the last decade, with ... Read more ›
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Women’s health app Flo has become the latest UK tech unicorn, securing a $200m (£156m) Series C round at a valuation north of $1bn. Launched in 2016, Flo is an app covering every stage of a woman’s health goals. The Flo platform monitors symptoms associated with menstruation, conception, pregnancy and menopause. The app offers health ... Read more ›
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Influential entrepreneur Grace Beverley has teamed up with exited tech startup founders to launch Retrograde, an AI-powered talent management system for content creators. Retrograde is launching an AI agent that can assist creators with tasks such as inbox management, deal negotiation and other administrative tasks. It takes a 10% fee to provide its services. Founded ... Read more ›
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Female Invest, a fintech company aiming to empower women through accessible subscription-based finance news and community, has announced the close of its $11.2m (£8.7m) Series A funding round. Besides being an educational platform, Female Invest also offers practical worksheets to help users gain an overview of their own finances, savings, and investment portfolios. The platform, ... Read more ›
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London-listed enterprise software firm Sage has held firm on its full-year guidance after posting a 9% revenue bump for the quarter. In its latest trading update, the Newcastle-headquartered firm reported revenue of £1.7bn, up from £1.59bn in the same period last year. Sage, which provides accounting, HR, payroll and other financial software for SMEs, reported ... Read more ›
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Zoe, a British wellness startup backed by Dragon’s Den star and Diary of a CEO host Steven Bartlett, has secured a $15m (£11.7m) investment as it eyes a US expansion. Founded in 2017, Zoe provides at-home testing kits for customers to find out their blood fat, blood sugar, and gut microbiome health. Based on these ... Read more ›
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Most popular sources
Business Insider
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29% 0 |
Tech Wire Asia
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10% 4 |
CNET
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7% 4 |
The Verge
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7% 1 |
Eurogamer.net
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6% 1 |
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27.11.2024 19:25
Last update: 19:21 EDT.
News rating updated: 02:20.
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