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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Pornography sites will need to incorporate age verification or estimation to stop children from looking at sensitive content due to amendments to the Online Safety Bill. Topics that are also coming under scrutiny in the amendments are the promotion of suicide, self-harm and eating disorders. Changes to the Online Safety Bill, passing in the House ... Read more ›
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Smarter Contracts, a blockchain startup that has developed a platform to manage data permissions, has closed a $1m (£790,000) funding round. Founded in 2018, Smarter Contracts will use the new funding to support the development of Pulse, the startup’s blockchain-based platform to manage user consent in data sharing. The company describes its mission as making ... Read more ›
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Anti-money laundering (AML) regulation could face reforms to combat financial crime in a move that could impact fintech companies operating in the UK. The Treasury has launched a consultation following a review of the state of AML law in 2022, which concluded that while improvements had been made to the regime there are still weaknesses. ... Read more ›
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Dr Sylwia Barker is the founder of MicroVita, a startup developing a device to help the pharmaceutical industry develop new drugs on living tissues. The University of Southampton spinout has created a lab-on-a-chip device that uses nuclear magnetic resonance spectroscopy to measure the effects of drugs on live tissue cultures. MicroVita says its approach can ... Read more ›
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Small business payments startup Statement has secured £1.5m in its pre-seed round led by venture capital firm Northzone to launch in the UK. Statement provides a platform for SMBs to compare payments providers and claims it can save merchants “up to £5,400 annually” in card payment fees. SMBs import their payment contracts onto Statement, which ... Read more ›
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This year marked the tenth anniversary of London Tech Week, a global celebration in which more than 30,000 visitors gathered in the capital to debate the newest trends in tech, attend over 500 events and network with industry leaders, investors and political decision-makers. Since its inception, London Tech Week and the city’s tech ecosystem as ... Read more ›
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The West Midlands is the top region for foreign direct investment outside of London, government data has shown. Throughout 2022-2023, a total of 181 projects received overseas capital in the West Midlands out of 1,654 across the whole UK. In the same period, 8,252 jobs were generated as a result of foreign direct investment despite ... Read more ›
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Scriptic, a startup developing interactive mobile entertainment and creative applications for generative AI, has added $5.7m (£4.5m) to its seed round. Formally known as ElectricNoir, Scriptic is a London-based startup that produces what it describes as “phone-first” shows, which are dramas designed to be viewed on mobile devices with interactive elements. Scriptic is looking to ... Read more ›
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UK semiconductor leaders have welcomed the government’s recently announced strategy but have called for more support. The Semiconductor Leadership Group, an industry body established to support UK chip firms, has published a paper this week urging the government to work more closely with the industry to better define sector-specific policies. The government unveiled its semiconductor ... Read more ›
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UK pension funds have criticised proposals to loosen listing requirements for the London Stock Exchange made by the financial regulator, warning they would undermine investor protections. The Financial Conduct Authority (FCA) last month proposed reform plans to boost the appeal of the London IPO market to address its recent poor performance. The FCA proposed making ... Read more ›
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Earlier this year, the government published its long-awaited Digital Markets, Competition and Consumers Bill. As well as seeking to boost digital competition, the bill also makes a range of interventions in the consumer space, including tackling fake reviews. The importance of reviews is clear – consumers want to make more informed and confident decisions, a ... Read more ›
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OpenAI, the US firm known for ChatGPT and DALL-E, has picked London as the destination for its first international office, in a major boost to the UK’s AI sector. Founded in 2015 by a group of tech entrepreneurs including Sam Altman and Elon Musk, OpenAI has become one of the most prominent companies in the ... Read more ›
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Early-stage tech investor Fuel Ventures has announced a £100m fund to back seed and pre-seed rounds in the UK. The VC firm, which has backed 140 startups including Peckwater Brands, Lunio and Volt, is aiming to use the new fund to double its total UK tech investment over the next 12 months. Fuel Ventures’ latest ... Read more ›
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RoboK, a University of Cambridge spinout using AI to analyse security footage for incidents in real-time, has secured $2.1m (£1.7m) in grant and equity funding, the company told UKTN exclusively. The idea behind RoboK is to create a “third-person view” of incidents captured on CCTV, said the company’s CEO and co-founder Hao Zheng. Autonomously identifying ... Read more ›
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After nearly 11 years running Caledonia Private Capital, Duncan Johnson wanted to do something that would leave a “legacy”. In 2021, he took the reins at Northern Gritstone, an investment company focusing on spinouts in the North of England. “I wanted my children to be proud of me,” Johnson tells UKTN. “Just making rich people ... Read more ›
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London-based smartphone maker Nothing has bagged $96m (£75.9m) in fresh capital from the likes of music group Swedish House Mafia and the investment arm of Google. Launched in 2020 by OnePlus co-founder Carl Pei, the company has gone on to release earbuds and a smartphone, which has gone on to sell more than 1.5 million ... Read more ›
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Unaric, a company buying and merging Salesforce software companies, has raised $35m (£27.5m) in a debt and equity funding round to fund an acquisition spree. Salesforce is a US software giant that has built a platform for services such as customer relationship management software, marketing automation, e-commerce, analytics, and application development. Based in London, Unaric’s ... Read more ›
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Unaric, a company buying and merging Salesforce software companies, has raised $35m (£27.5m) in a debt and equity funding round to fund an acquisition spree. Salesforce is a US software giant that has built a platform for services such as customer relationship management software, marketing automation, e-commerce, analytics, and application development. Based in London, Unaric’s ... Read more ›
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UK property developer Pioneer Group has announced it will construct 72,800 square feet of lab space, which will be available to tech firms in Glasgow. The new lab development, to be built at Pioneer’s BioCity Glasgow campus, has received planning permission. It will be available to startups, scaleups and major life science companies in the ... Read more ›
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The safeguards included in the UK government’s AI white paper are “inadequate”, according to the Equality and Human Rights Commission (EHRC). The non-departmental government body said that current proposals to regulate AI “fall short of what’s needed to tackle the risks to human rights”. The remarks will come as a blow to Prime Minister Rishi ... Read more ›
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20.06.2026 20:19
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