This week’s UK tech funding deals include AI material discovery company CuspAI, biomaterial developer Ponda and more. UKTN tracked £565.3m worth of UK tech investment this week (20 July to 24 July), a more than 400% week-on-week increase across 11 funding rounds. Here’s your weekly roundup of UK tech startup funding deals. CuspAI – £334m ... Read more ›
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London-based HR tech startup TraqCheck has closed its £5.9m series A funding round led by IvyCap Ventures, with participation from IIFL.  As a remedy to recruiters manually sourcing recruitment candidates, screening resumes and coordinating background checks across different tools, TraqCheck’s AI agents execute those workflows end-to-end. This aims to create operational efficiencies and eliminate manual ... Read more ›
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Varun Bhanot, co-founder and CEO of Magic AI discusses the journey of growing one of the UK’s most successful AI firms, how the AI-enabled mirror his company devised is disrupting the fitness industry, what he learned from the 149 rejections he got when pitching the business and why his team consists are what he calls ... Read more ›
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Ralio, the payments platform purpose-built for AI agents, has secured a £1.8m pre-seed funding round. The oversubscribed funding round was led by Sure Valley Ventures (SVV) with participation from venture funds Seed X, Love Ventures, Plug and Play, rule30, Adeline Arts and Science, Endurance Ventures, Campus Fund, fintech investor Alan Morgan and continuous investment from ... Read more ›
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Smart data from the energy sector is essential for the UK energy market to reduce costs for households and businesses, support personalised digital services and drive the country’s net zero journey. Quoting annual energy bills, optimising EV charging and co-ordinating renewables for grid flexibility all become more precise with smart energy data. This data is ... Read more ›
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New research led by HM Courts & Tribunals Service (HMCTS) will take a deep dive into how AI can be used to transcribe court hearings and lead to faster and cheaper access to court records for victims and others who need them. Costly court transcript fees mean that victims often have to pay up to ... Read more ›
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Antonia Jenkinson, a former executive at the Advanced Research and Invention Agency (ARIA), has been appointed as the new finance chief of Oxford Science Enterprises (OSE). The Oxford-based investment group has become one of the most prominent backers of science and technology ventures that emerge from research at the University of Oxford. At a period ... Read more ›
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AI-powered finance automation platform Round has secured £4.5m in a seed funding round led by Alstin Capital, with participation from BACKED VC and Love Ventures. As part of the fund, around 10% of Round’s existing customers invested alongside new angel investors like Paul Forster, co-founder of Indeed and existing investor Passion Capital – which was ... Read more ›
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OpenAI has secured its first permanent office in London, marking a significant expansion of its presence in the UK. The company has signed an 88,500 square foot space at Regent Quarter in King’s Cross, spanning Jahn Court and the Brassworks Building. The office, developed by Endurance Land, will have capacity for up to 544 team ... Read more ›
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Early-stage impact VC Eka Ventures has announced its £80m second fund to back UK-founded startups in the health, wellbeing and sustainability spaces. The round includes £40m from the British Business Bank, which previously supported Eka’s first fund in 2021 that closed at £68m. Other investors in the fund include Better Society Capital, Guy’s & St ... Read more ›
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Plymouth-based cleantech firm Altilium has been awarded £18.5m in grant funding through the UK government’s DRIVE35 Scale-Up Fund, delivered by the Department for Business and Trade in partnership with the Advanced Propulsion Centre UK (APC) and Innovate UK. Altilium offers high volume, low carbon domestic sources of cathode and anode materials –found in batteries – ... Read more ›
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This week’s UK tech funding deals include risk management platform MillTech, agricultural technology group Fieldwork Robotics and more. UKTN tracked £52.8m worth of UK tech investment this week (6 April to 10 April), a 63% week-on-week decrease across three funding rounds. Here’s your weekly roundup of UK tech startup funding deals. MillTech – £44.8m Sector: ... Read more ›
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Russell Attwood is the founder and chief executive officer of Route 101, a customer engagement platform that recently signed a major £265m deal with the Department of Work and Pensions. In this week’s Founder in Five Q&A, Attwood discusses why trust is fundamental success whether it is in customers, staff, the business or yourself, why team ... Read more ›
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Tech executives could be held personally criminally liable for failing to comply with new rules requiring the rapid takedown of non-consensual intimate images. As part of the upcoming Crime and Policing Bill, digital platforms will be legally required to remove non-consensually posted intimate images within 48 hours of a request from the victim. The rule, ... Read more ›
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OpenAI has shelved plans to construct a massive data centre in Britain, called Stargate UK, with energy costs and regulatory issues cited as the reason. The ChatGPT developer has been rolling out its global Stargate project in the past few years, a series of massive data centres in the US, Norway and the UAE that ... Read more ›
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Serve First, a startup that has developed an AI customer experience and performance management platform, has secured an investment of £5m. Launched in 2023, the Serve First platform collects and analyses customer feedback from in-store surveys, online reviews and mystery shopping. The data is then turned into insights for the team to improve service performance. ... Read more ›
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Apex B2B, a SaaS platform for mid-market B2B merchants like wholesalers, distributors and manufacturers, has launched following an investment of £1.3m. The startup plans to expand its presence in the UK market, targeting B2B merchants seeking to modernise their digital infrastructure and improve operational efficiency. Developed as a purpose-built, AI-enabled commerce platform for mid-market businesses, ... Read more ›
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Revolut has launched its in-app AI assistant AI by Revolut (AIR), which is designed to support how its millions of users interact with their money, manage their lifestyle and grow their money intelligence. AIR aims to move beyond the traditional chatbot format by allowing users to navigate their financial life through conversation. Users can gain ... Read more ›
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AI has moved out of pilots and into live, business-critical systems faster than most organisations are prepared for, and faster than their governance models can keep up. AI is now shaping decisions that directly affect customers, compliance and revenue. That shift signals that businesses are beginning to unlock genuine value. But it also exposes a ... Read more ›
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London-based risk management platform MillTech has secured £44.8m investment from Apax Digital Funds. Founded in 2019, MillTech automates FX hedging and investment operations by combining trade calculation, execution, settlement, reporting and transaction cost analysis (TCA) into a single technology solution, delivering direct access to the wholesale multi-bank market. The fintech operates independently from counterparty banks ... Read more ›
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Muted activity on the London Stock Exchange in the first quarter of 2026 meant there were just two listings, according to EY-Parthenon’s latest IPO analysis. Subdued IPO activity in Q1 follows a busy end to 2025, when issuance accelerated and market sentiment improved. However, heightened geopolitical tension – most notably the conflict in the Middle East ... Read more ›
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28.07.2026 22:22
Last update: 21:50 EDT.
News rating updated: 05:10.
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