London-based Space DOTS, which is creating modular devices to test materials in orbit, has landed $1.5m (£1.2m) in pre-seed funding. Capital from the round will go towards commercialising the startup’s first product, the Barnacle DOT, a material testing module that works in orbit. Space companies can place Barnacle DOTs on various types of launchers to ... Read more ›
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Regulatory compliance software provider eflow Global has raised £7m as it looks to strengthen its international footholds. Based in London, eflow Global works with financial firms by offering software solutions to manage compliance with regulatory requirements. The firm’s software solutions includes market abuse surveillance, transaction cost analysis, transaction reporting and e-comms surveillance. The company said ... Read more ›
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Data breaches are costing UK companies an average of £3.4m, a decrease from the £3.8m in the total cost of dealing with a cybersecurity incident in 2022, according to a report from IBM. The average cost may have shrunk year-on-year but it’s still a 9% rise from the average costs incurred by businesses in 2020. ... Read more ›
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Back in April, Founders Forum Group announced that it had acquired Tech Nation. Now, work is underway at Founders Forum to rebuild and relaunch the shuttered entrepreneur network. In the latest episode of the UKTN Podcast, Founders Forum Group CEO Carolyn Dawson teases some of those plans, which are expected to be fully unveiled later ... Read more ›
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Atom Bank has achieved its first annual operating profit of £4m, swinging from a £2m financial loss for the 2022 financial year. The Durham-based fintech’s revenue surged by 62% with its customer base expanding from 123,000 to 224,000 over the last financial year. Mark Mullen, CEO of Atom, said: “It has been an important year ... Read more ›
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Climate tech firm Levidian has begun working with United Utilities in Manchester to turn sewage biogas into graphene and hydrogen. Cambridge-based Levidian’s LOOP100 Manchester device will remove the carbon from biogas produced in United Utilities’ treatment of wastewater, generating both hydrogen and graphene. Graphene was first isolated by the University of Manchester, which is now ... Read more ›
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AI coaching platform Quench.ai, founded by Onfido co-founder Husayn Kassai, has raised $5m (£3.9m) in pre-seed capital. The startup, founded in 2021, has created AI that acts like a coach to recommend suitable videos for a user to learn new skills. The company says this will save time by avoiding problems such as “choice paralysis” ... Read more ›
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Ocado shares have risen following the firm’s victory in a patent dispute with a Norway-based robotics firm. The online grocer was sued by Norwegian robotics company AutoStore, which alleged that the automated workers in Ocado’s robotic warehouse infringed on existing patents. The legal battle concluded over the weekend when AutoStore agreed to pay Ocado £200m ... Read more ›
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Tax relief scheme requirements must be reformed to reduce the regional inequality in venture capital investment, according to a new report from the Treasury. The Venture Capital Report, published today by the Treasury Select Committee, found that equity funding for startups remained disproportionately concentrated in London. According to the report, in 2020, London-based SMEs received ... Read more ›
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Social media has become an invaluable tool for brands, but it comes with the inescapable reality of toxic engagement. Spam comments, hate speech and other harmful content can create negativity around a brand’s social media posts and contribute to a worse digital experience for everyone. While there remains an ongoing debate around how best to ... Read more ›
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After months of searching, the wait is nearly over to find out who will be crowned KPMG Private Enterprise’s Tech Innovator in the UK. As we celebrate ten years of our UK Tech Innovator competition, championing the best of British technology, we are now just days away from our final on 24 July. Nearly 400 ... Read more ›
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Over the past decade, the UK tech sector has grown exponentially and is currently valued at just over $1tn, with predictions that it will be worth $2.6tn by 2033. Credited to the nation’s ability to support startups, encourage scaleups and entice unicorns, tech in the UK remains in a healthy position despite a global slowdown ... Read more ›
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Digital HR management system provider Zelt has raised £2.7m to scale its marketing and bring its product to more international clients. Founded in 2022, Zelt is a platform that combines HR management, IT and financial operations for corporate clients. “Until now, companies needed to piece together a number of different tools in order to run ... Read more ›
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London-based fitness health tech startup MAGIC has raised $2.5m (£1.9m) for its holographic mirror that provides home workout advice. MAGIC’s mirror projects workout coaches – based on real-life sports stars – to guide home exercises. Among the athlete brand ambassadors are former England cricket captain Sir Alastair Cook and England rugby Star Celia Quansah. The MAGIC ... Read more ›
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Tessa Clarke is the CEO and co-founder of Olio, an app for sharing food and other goods that would otherwise be going to waste. Launched in 2015, Olio has raised over $50m in financing from Cs, impact funds and angel investors. It has grown to a team of approximately 90 people, with seven million users ... Read more ›
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Electric four-wheel drive manufacturer Munro Vehicles is in the process of raising around £5m, including backing from venture capital firm Elbow Beach Capital, UKTN can reveal. Elbow Beach Capital is doubling down on the £750,000 pre-seed capital it invested in the Glasgow-based EV maker in 2022. The Scottish EV startup is manufacturing rugged 4×4 jeeps ... Read more ›
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London-based Stylib has closed a £1.5m pre-seed equity round in support of its digital product discovery platform for the architecture industry. Founded in 2021 by two architects, Stylib was created out of their personal experience with the traditional process of product discovery in the industry. “As architects, we understand the frustration felt by design professionals ... Read more ›
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The government will bring in “digital gurus” from the private sector to support Whitehall civil servants with expertise in AI and data, the cabinet office minister announced on Wednesday. The move, which will look to poach people from “top tech businesses”, is aimed at improving productivity in Whitehall with AI tools, and to improve how ... Read more ›
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The chief of the UK’s financial watchdog has questioned the legitimacy of concerns from buy now pay later (BNPL) firms after reports emerged of companies threatening to leave the country if strict regulation be enacted. Nikhil Rathi, CEO of the Financial Conduct Authority (FCA), dismissed the warnings from BNPL firms on Wednesday. Speaking to MPs, ... Read more ›
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The government wants the UK to be a global leader in AI regulation. Prime Minister Rishi Sunak, a Brexiteer, views the UK’s position outside of the EU as an advantage to forge its own path in regulating everything from financial services to public listings. Speaking at London Tech Week last month, Sunak said he wants ... Read more ›
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13.06.2026 22:54
Last update: 22:30 EDT.
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