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 ›
0
Fintech startup ZIPZERO has relocated its head office from London to Aberdeen as part of a plan to find the “most fertile land for UK tech”. ZIPZERO, which raised £1m in seed funding earlier this year, is a money-saving app that offers cash rewards to users – paid for by advertisers – that customers can ... Read more ›
0
As someone heavily involved in the northern tech sector, running the Leeds Digital Festival as well as my own consultancy working with startups and scaleups, I’m always on the lookout for anything that promotes tech outside of London. There is often a default, sometimes pushed by those who should know better, that “the UK’s world-beating ... Read more ›
2
The government should introduce new legislation to reform laws for cryptoassets, according to a state-backed legal analysis. The Law Commission, which was tasked with conducting an analysis of how UK law could accommodate digital assets, has recommended reforms that include establishing a legal basis for a new and distinct category of personal property compatible with ... Read more ›
10
A British startup developing a handheld blood test device to rapidly diagnose strokes has secured £1.6m in seed funding. Upfront Diagnostics is developing a device that it says can identify biomarkers that indicate a patient is having a large vessel occlusion (LVO) stroke in less than 15 minutes, just from taking a small blood sample. ... Read more ›
0
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 ›
0
Algorithmiq, a startup using quantum algorithms to help drug discovery for pharmaceutical companies, has raised $15m (£11.8m) in Series A funding. Capital came from lead investor Inventure VC, along with Tesi, Presidio Ventures, London’s Thames Trust and previous backers. The company is aiming to speed up the drug development cycle by applying its quantum algorithms ... Read more ›
32
Wise has posted a major boost in pre-tax profits over the past year, scoring a 234% increase in part due to rising interest rates. The remittance app, which listed on the London Stock Exchange in 2021, increased pre-tax profits from £43.9m to £146.5m. The surge can be in part credited to interest income from customer ... Read more ›
2
Generative AI systems such as those powering advanced chatbot ChatGPT could provide a £31bn boost to the UK economy, according to a report. Generative AI, a subset of artificial intelligence that creates new content based on prompts, is estimated to have the capability to do 2.5% of all tasks, with those productivity improvements equivalent to ... Read more ›
0
Octopus Investments has launched a £40m deep tech venture capital fund that will back pre-seed startups in the UK and Europe. The new fund from the investment wing of Octopus Group, which also includes Octopus Energy and Real Estate, will act as the lead investor for early-stage deep tech firms operating in areas such as ... Read more ›
0
B2B fintech company Fennech, which provides tools such as auto payments and virtual accounts, has landed £2.3m in a round led by Lloyds Banking Group. The round consisted of £2m from Lloyds Banking Group’s Strategic Fintech Investment team and the remainder came from high-net-worth angels. “Lloyds Banking Group’s support means we can accelerate our growth ... Read more ›
0
Autonomous warehouse robot company Dexory has secured $19m (£14.95m) in funding to fuel international expansion as it looks to capitalise on the boom in ecommerce coupled with logistics inefficiencies exacerbated by global supply chain shocks. The London-headquartered company has created robots that autonomously navigate and scan a fulfilment centre to create a digital replica using ... Read more ›
2
Upp.AI, a London-based startup that provides software tools for ecommerce firms to improve sales and product discovery, has secured $10m in funding. Founded in 2019, Upp.AI’s platform analyses data from ecommerce businesses with the goal of optimising ad spend, product discovery and ultimately boost sales. Upp.AI, not to be confused with the Shropshire-based broccoli upcycling ... Read more ›
2
The UK published its long-awaited semiconductor strategy last month to a mixed reception from the tech industry. One of those “frustrated” by the strategy is Dr Simon Thomas, co-founder and CEO of Paragraf, a British firm commercialising graphene-based electronics. In this episode of the UKTN Podcast, Thomas explains what the semiconductor strategy gets right – ... Read more ›
0
Spinouts from the University of Oxford receive pre-money valuations that are on average £4m higher than their University of Cambridge counterparts but they are 2.5 times more likely to go bust, research suggests. On top of better valuations, data compiled by accounting firm Price Bailey found that University of Oxford spinouts have more equity capital ... Read more ›
23
Health tech company Babylon has agreed to delist itself from the New York Stock Exchange to become a private company again, wiping out existing shareholders at a loss running into the millions. The troubled British-founded firm, which built a remote healthcare app in 2013, will restructure itself into a new private entity with the Swiss ... Read more ›
16
It was the end of August 2020 and I’d had one hell of a summer. In March 2020 my marketing agency shrank by 25% in one week, when our clients in hospitality, events and travel were forced to close their doors during the pandemic. My team responded by pulling together in a big way. Together, ... Read more ›
12
The owner of the buyer of Britishvolt has denied “any wrongdoing” after Australian federal police raided the company’s offices and seized computers as part of a tax fraud investigation. The move is a setback to electric vehicle battery maker Britishvolt, which was acquired by Recharge Industries in January after it entered administration in January. Recharge ... Read more ›
18
London-based fintech TreasurySpring, an investment platform for enterprises to diversify their assets, has secured £23m in funding. Founded in 2017, TreasurySpring is aimed at firms that have secured funds and are looking to put excess cash towards investment opportunities. The company describes its service as a secure and flexible platform that reduces the risk of ... Read more ›
48
NHS trusts are being invited to bid for a share of £21m in government funding to integrate AI systems, such as image diagnostic tools that use machine learning to help doctors diagnose cancer. Unveiled by Health and Social Care Secretary Steve Barclay today, NHS trusts can submit bids for any AI diagnostic tool within their ... Read more ›
11
Tech platforms could be forced to hand over the personal data of children who have died due to online harm to telecommunications regulator Ofcom. The measure was added as an amendment to the Online Safety Bill, which has been making its way through Parliament since it was introduced back in March 2022. The amendment has ... Read more ›
1
Most popular sources
Financial Times
|
0% |
ScienceDaily
|
0% |
The Fintech Times
|
0% |
Wired
|
0% |
Ars Technica
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
20.06.2026 22:23
Last update: 21:40 EDT.
News rating updated: 05:10.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.