This week’s UK tech funding deals include AI engineering platform PhysicsX, tax software platform Record OS and more. UKTN tracked £266.48m worth of UK tech investment this week (08 June to 12 June), a 44% week-on-week decrease across six funding rounds. Here’s your weekly roundup of UK tech startup funding deals. PhysicsX – £225m Sector: ... Read more ›
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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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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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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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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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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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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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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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20.06.2026 15:07
Last update: 15:00 EDT.
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