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UK Tech News
George Simister @ UK Tech News · 07/28/2023 05:10 EDT

Manchester Science Park to undergo £60m lab renovation

Bruntwood SciTech has received planning approval for a £60m redevelopment of Manchester Science Park’s Greenheys into lab space. Once complete, the Greenheys site will add 131,000 sq ft of lab space to the Manchester Science Park, which is home to life science and tech companies. “With UK Biobank already announced to move to the new ... Read more

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UK Tech News
Robert Scammell @ UK Tech News · 07/27/2023 08:49 EDT

Founders Forum to relaunch Tech Nation in autumn

Entrepreneur network Founders Forum Group is gearing up to relaunch Tech Nation this autumn, UKTN can reveal. Sources told UKTN that Founders Forum Group is considering a September or October launch for the Tech Nation brand it acquired in April. Tech Nation, which provided startup and scaleup support for more than a decade, closed operations ... Read more

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UK Tech News
George Simister @ UK Tech News 2 place · 07/27/2023 06:27 EDT

Insurance analytics firm Percayso Inform raises £2.7m

Insurance analytics software Percayso Inform has raised £2.7m from ex-Hastings chairman Neil Utley and venture capital firm Praetura Ventures. Percayso Inform counts Direct Line and The AA amongst its customers, who use it to run insurance-related tasks including providing quotes, point of sale, contract changes, claims and renewals. It also offers insurance analytics and comparisons. ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 1 place · 07/27/2023 06:18 EDT

Gamified mental health platform Thymia raises £2m

Thymia, the tech startup gamifying mental health support, has closed a $2.7m (£2m) seed round to further develop its product offering. Founded in 2020, Thymia develops video games that are designed to track users’ mental health. The company’s games analyse speech patterns, facial expressions and behaviour to measure symptoms of various conditions, with an emphasis ... Read more

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UK Tech News
George Simister @ UK Tech News · 07/27/2023 05:48 EDT

Cancer monitoring platform Entia lands £15m Series A

Cancer monitoring business Entia has scooped $20m (£15.4m) in Series A funding led by BGF and Parkwalk Advisors. The cancer health tech firm uses blood testing to provide remote diagnostics, such as tracking neutropenia. Healthcare professionals can manage all their patients through the London-headquartered company’s software. Remote monitoring is “beneficial” and “highly advantageous” for healthcare ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/27/2023 05:43 EDT

Semiconductor firm IQE on track to hit revenue target

Cardiff-based semiconductor manufacturer IQE is expecting to hit its revenue targets for the first half of the year. The AIM-listed chip firm said in an unaudited pre-close trading update for the first half of 2023 that it expected revenue would be at least £52m, in line with market guidance. IQE is a supplier of compound ... Read more

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UK Tech News
George Simister @ UK Tech News · 07/27/2023 04:13 EDT

AutogenAI gets £17m backing from Blossom Capital

London headquartered procurement software company AutogenAI has received $22.3m (£17.2m) from venture capital firm Blossom Capital. The company says it has 28 customers on the books – ranging from a global management consultancy firm to construction firms to charities – to write bids for procurement. “Our technology augments human expertise by enhancing the power of ... Read more

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UK Tech News
UKTN @ UK Tech News · 07/26/2023 11:26 EDT

Introducing UKTN’s Greater Manchester regional tech report

Greater Manchester has established itself as a tech hub of international significance, home to a £5bn digital ecosystem which includes thousands of digital and tech businesses. In our latest regional tech report, UKTN delves into the region’s key companies, investors, and support groups in the ecosystem. The free-to-read report provides a snapshot of the key ... Read more

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UK Tech News
George Simister @ UK Tech News · 07/26/2023 11:00 EDT

UK data watchdog eyes iris-scanning crypto Worldcoin

Worldcoin, a cryptocurrency co-founded by OpenAI CEO Sam Altman that uses eye-scanning orbs for biometric verification, will be investigated by the UK’s data watchdog. Altman, Alex Blania and Max Novendstern co-founded Tools For Humanity, the company behind Worldcoin. This week the company invited members of the public to have their eyeballs scanned in exchange for ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 3 place · 07/26/2023 06:31 EDT

BT’s startup team to repurpose street cabinets for EV charging

BT has announced its startup and digital incubation team, called Etc., is conducting a project to transform 60,000 street cabinets into electric vehicle (EV) charging points. The project, which will take place over the next two years, will repurpose BT’s fleet of cabinets, currently used for copper-based broadband and phone services, into a major new ... Read more

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UK Tech News
George Simister @ UK Tech News · 07/26/2023 06:13 EDT

DSIT unveils £50m Research Ventures Catalyst fund

The Department for Science, Innovation and Technology (DSIT) has unveiled a Research Ventures Catalyst fund that will supply up to £50m for science and technology research. It is funded by the UK government, with co-investment coming from private and philanthropic sources, including the former chief executive of Google. Michelle Donelan, the tech secretary, said: “Research ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 3 place · 07/26/2023 05:55 EDT

Mayor of London grants funding to startups alleviating cost of living

Seven startups have been selected to receive funding by the Mayor of London as part of a project to use technology to alleviate the cost of living crisis. The Poverty Prevention Challenge, first announced in January, is a plan from Sadiq Khan to use startups to support a financially struggling London during the cost of ... Read more

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UK Tech News
George Simister @ UK Tech News · 07/26/2023 05:45 EDT

Spinout nets £2m to model how new materials will behave

Venture capital firm Ada Ventures has led a £2m round into Cambridge-based AI and quantum mechanics spinout Materials Nexus. The spinout has created datasets and machine learning tools that can forecast how new compositions of materials will perform. The startup is aiming to reduce the number of physical experiments required for materials and bring down ... Read more

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UK Tech News
George Simister @ UK Tech News 2 place · 07/26/2023 05:32 EDT

Beyond the Capital with Leeds-based investor YFM Equity Partners

The Leeds tech sector has grown rapidly over the past five years and for Mike Clarke, partner at investment management firm YFM Equity Partners, that growth trajectory is set to continue. “My general sentiment is that the next probably three years are going to be a really exciting time for Leeds tech,” Clarke tells UKTN. ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/26/2023 04:34 EDT

WANdisco resumes trading on AIM with major value drop

Embattled data firm WANdisco has resumed trading on London’s Alternative Investment Market (AIM) after a four-month suspension. The Sheffield-headquartered company returned to trading on Tuesday with a value drop of 96% from its last share price before its suspension. WANdisco trading was halted in March after an investigation found the company may have fraudulently misrepresented ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/26/2023 04:10 EDT

Recruitment platform Inploi raises £1.35m

Recruitment tech startup Inploi has raised £1.35m for its software as a service (SaaS) platform for the labour marketplace. Founded in 2016, the company describes itself as “Shopify for hiring”. Inploi’s software is used by recruiters and hiring managers to source new talent. Users can run targeted hiring campaigns to reach new audiences across social ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/26/2023 03:00 EDT

Partful raises £2.4m for 3D models of manufacturing gear

Manchester-based startup Partful, which develops 3D models of manufacturing equipment for product discovery, has raised £2.4m in funding. Founded in 2017, Partful has developed an interactive catalogue of 3D digital manufacturing equipment. Users can identify parts through the catalogue and then place orders directly with the manufacturer. Partful also provides work instruction modules that contain ... Read more

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UK Tech News
UKTN @ UK Tech News · 07/25/2023 11:23 EDT

Inovus Medical crowned UK Tech Innovator 2023

Inovus Medical, a St Helens-based technology scaleup that designs and manufactures surgical training technologies, has excelled amid strong competition from fast-growth businesses from across the UK to be crowned KPMG’s UK Tech Innovator 2023. Following close to 400 applications to the competition, eight finalists – one from each region – were selected to take part ... Read more

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UK Tech News
Robert Scammell @ UK Tech News · 07/25/2023 06:51 EDT

Half of UK businesses struggle to fill cybersecurity skills gap

Half of UK businesses have a cybersecurity skills gap that they are struggling to fill amid a challenging labour market, government figures show. The report, published by the Department for Science, Innovation and Technology (DSIT), found that there were more than 160,000 cybersecurity job postings in the last year – a 30% increase on the ... Read more

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UK Tech News
George Simister @ UK Tech News · 07/25/2023 06:33 EDT

UK developers launch $1bn Apple lawsuit over app store fees

A professor from the University of East Anglia is leading a class action lawsuit against Apple that’s seeking $1bn (£785m) in damages over app store fees. The Apple App Store lawsuit, managed by law firm Geradin Partners, represents 1,566 of the UK’s app developers. The suit is accusing Apple of “abuse of market dominance” over ... Read more

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