Isometric, a platform that provides carbon removal data to clients founded by the co-creator of digital ID startup Onfido, has secured $25m (£19m) in funding. Operating in the carbon offset market, Isometric’s platform was designed to support the development of climate protocols that can quantitively assess the net amount of carbon removed by a process. ... Read more ›
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Channel Capital Advisors LLP (Channel) and Citi have provided a new credit facility of up to €230m for Silvr, a finance provider for entrepreneurs and SMEs in Europe. Founded in 2020, Silvr’s mission is to make financing more accessible to SMEs. The company has rapidly become a European leader in short-term lending due to its ... Read more ›
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The UK ranks third globally for the number of space tech investment deals, behind only the US and China over the previous 12 months. In the year-ago period, there were 39 space investment deals in the UK according to a report by Seraphim Space, an investor that backs early-stage space tech startups. The US topped ... Read more ›
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The government is reportedly considering scrapping plans to introduce new regulations for buy now pay later (BNPL) products due to concerns over its effect on the UK market. First reported by Sky News, Treasury officials have reportedly been told during industry talks that major firms in the BNPL space could exit the UK if the ... Read more ›
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Optalysys has received £21m in Series A capital led by Lingotto, Imec.xpand, and Northern Gritstone to develop fully homomorphic encryption chips. Fully homomorphic encryption (FHE) is a type of quantum cryptography where computations can be performed on confidential data without decrypting it. Leeds-based Optalysys says that this approach is more secure but requires “around one ... Read more ›
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Review platform Trustpilot has appointed Adrian Blair as its new CEO, replacing company founder Peter Holten Mühlmann, who served 16 years in the role. Blair will take the helm of the London-listed review platform on 13 September this year, the company announced on Monday. “I have admired Trustpilot for many years, with immense respect for ... Read more ›
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The government’s plan to govern AI technologies in the UK is insufficient due to its over-reliance on unequipped regulators, according to Labour MP Darren Jones. In an interview with UKTN, Jones, who chairs the Business and Trade Committee, said he disagreed with the prime minister’s optimism that the AI regulatory white paper – published in ... Read more ›
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London-headquartered AI biotech research platform Causaly has secured $60m (£45.8m) in a Series B funding round. Founded in 2018, Causaly has developed a drug discovery platform that uses AI to expedite the complex process of pharmaceutical development. The firm has said its research platform is in deployment at 12 of the top 20 pharma companies. ... Read more ›
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Open source made up just over a quarter (27%) of the UK tech economy last year, according to a new report. Research from OpenUK, a not-for-profit representing the British open source market, found that the sector contributed an estimated £13.59bn to the UK economy in 2022. The tech sector as a whole contributed £50.71bn to ... Read more ›
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University of Birmingham spinout Delta g, which is developing quantum sensors billed as “Google Maps for the underground”, has landed £1.5m. Drawing on a decade of research from the university, Delta g’s quantum gravity gradiometry sensors can map out the Earth’s subsurface and unknown places. Delta g’s sensors can detect changes in gravitational fields by ... Read more ›
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The UK competition regulator has announced it will conduct an in-depth investigation into Adobe’s $20bn (£15.2bn) acquisition of Figma. The Competition and Markets Authority (CMA) previously flagged the deal as potentially harmful to competition in the digital design space and gave the firms time to offer potential solutions to mitigate risks. However, Adobe did not ... Read more ›
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Zain Ali is the CEO and co-founder of Centuro Global, a platform for companies to manage their expansion plans covering aspects from immigration to payroll and HR. Ali, who comes from an intellectual property lawyer background, co-founded the software-as-a-service company in 2019 and the platform launched in 2020. The London-headquartered company raised £3.3m in March ... Read more ›
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Chancellor Jeremy Hunt has revealed the country’s first Investment Zone as South Yorkshire, which will focus on advanced manufacturing. South Yorkshire is set to receive more than £80m in funds for research and development (R&D) projects. The initiative is predicted to create 8,000 jobs and generate £1.2bn in private funding before 2030 across Sheffield, Rotherham, ... Read more ›
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Innovate UK has awarded Edinburgh-based photonics company Skylark Lasers a £2.34m grant for its quantum gravity sensors. Skylark Lasers’ sensors aim to outperform conventional GPS and satellite navigation in applications like self-driving shipping boats. “These innovations have the potential to revolutionise the ship & rail navigation, civil engineering, and underground resource exploration sectors which will ... Read more ›
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Liverpool’s fintech sector is contributing £218.8m a year to the region’s economy, according to new data. A new report on Liverpool’s fintech market, published by Whitecap Consulting, has found that the sector – which comprises 42 identified firms – is growing despite, for now, being overshadowed by fintech hubs elsewhere. Startups in the region include ... Read more ›
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Partech and Oxford Science Enterprises have co-led a £25m Series A investment in a London-based AI review software company. Founded in 2014, Prolific has created a platform for researchers to source people to stress test AI models. Its services are used by the likes of Google, the University of Oxford, King’s College London and Stanford University. ... Read more ›
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Tech-focused private equity firm Accel-KKR has agreed to sell business management software provider Kerridge Commercial Systems (KCS) to CapVest Partners. Berkshire-based KCS provides enterprise resource management software to more than 32,000 clients across industries such as construction, automotive, food and beverage and pharmaceuticals. The acquisition was reported by Bloomberg to value the software firm at ... Read more ›
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The Bank of London has applied for a banking licence in the European Union and said it will create 300 new jobs in Luxembourg. The clearing bank said the roles will be in management, compliance, technology and operations in Luxembourg. They come as part of a €200m (£171.3m) investment into the country. “This is a ... Read more ›
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British challenger bank Monzo and Nordic competitor Lunar are reportedly in talks over a possible merger between the two fintech businesses. The possible international merger between Monzo and Lunar was first reported by Bloomberg and discussions are said to be at an early stage. Monzo declined to comment when approached by UKTN. A deal would ... Read more ›
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Biotech company Tenpoint Therapeutics has landed $70m (£54m) in Series A investment to continue developing eye therapeutics. Based in London, Switzerland, France and the US, the biotech firm is working on cell-based therapeutics plus in vivo reprogramming for degenerative ocular diseases. Tenpoint Therapeutics said it will use the proceeds of the Series A round to ... Read more ›
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14.06.2026 00:18
Last update: 23:51 EDT.
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