UK Science Minister, George Freeman has revealed £45m in funding for quantum technology projects from UK Research and Innovation (UKRI). The bulk of the support (£25m) is going towards seven positioning, navigation and timing quantum projects. It follows the £54m of funding announced this morning by tech secretary Chloe Smith for AI research by universities ... Read more âº
11
Axle Energy, a startup developing technology described as âvirtual wiresâ has announced its raise of $1.6m (£1.3m) in pre-seed capital. When charging devices such as EVs, the startupâs API adapts depending on when electricity is cheaper and more environmentally friendly. Flexible charging could help OEMs and energy providers with managing the capacity of their services, ... Read more âº
2
UK universities will receive a £54m funding boost to support developments in AI research and technology. Announced at London Tech Week by the tech secretary, the funding will be delivered through UK Research and Innovation (UKRI). From the funding, £31m will go towards responsible AI research at the University of Southampton, with the remainder being ... Read more âº
1
Lloyds Bank and the Dubai Department of Economy and Tourism (DET) have signed an agreement to collaborate on an insurtech accelerator. The accelerator will give insurtech startups on Lloydsâ Lab programme help with establishing a base and growing operations in Dubai. For Dubai-based insurtechs accepted onto Lloyds Lab accelerator they will gain entry into London, ... Read more âº
24
London-based sales tech startup Crono has secured a pre-seed investment of â¬500,000 (£427,000) 10 months after launching its platform. Crono analyses client data to inform companies how to act to engage potential customers. The company said by customising sales approaches, firms can increase conversion rates and drive revenue growth. Crono, now backed by its first ... Read more âº
5
There are more resources for mental health support than ever before. The problem is not everyone experiences mental health issues the same way, and according to elite sailor Jessica Jobson, one group in particular faces intense mental pressure with inadequate support: high-level athletes. âIn sport, youâre constantly under pressure to get the most out of your ... Read more âº
2
Generative AI firm Synthesia, which creates realistic human avatars that deliver presentations, has raised $90m (£71.4m) and landed a $1bn unicorn valuation. The London-based firm has been one of the UKâs fastest-growing in the generative AI sector, which has exploded in popularity since the launch of ChatGPT in November. The hefty Series C round was ... Read more âº
2
Eight UK startups and universities will share £4.3m in government funding to develop space-based solar power technologies to harness energy âday and nightâ to help meet net-zero targets. Around half of the emission reductions required to meet the 2050 net zero targets need to come from technologies not yet fully commercially available, the UKâs energy ... Read more âº
2
The British fintech Payrow is aiding retail businesses by equipping them with the tools to streamline their financial activities. By focusing on automating routine processes, providing cost-effective accounting services, and delivering comprehensive payment and invoicing solutions, Payrow ensures that retailers can manage their businesses with ease and efficiency and decrease their operating expenses. Representatives from ... Read more âº
2
London-based renewable energy startup Tem. has raised £2.5m for its AI-driven platform that matches businesses with clean generators. Founded in 2021, Tem. was created to offer businesses a way to bypass inefficient utility solutions and instead buy energy based on specific needs. The Tem. platform allows buyers to purchase energy directly from the renewable generators ... Read more âº
1
The UK must âfast forwardâ on AI regulation and ensure everyone benefits from the latest technological advancements, Labour leader Sir Keir Starmer has said. Speaking at London Tech Week, Starmer said there is âhuge potentialâ and âincredible opportunitiesâ with AI, but there are also risks around misinformation and threats to some jobs. Starmer said he ... Read more âº
2
Omnevue, a London-based startup that provides ESG accounting for companies, has secured $3.1m (£2.5m) in seed funding. The company has developed a software engine to provide what it describes as audit-grade ESG accounting. These tools can assess the sustainability and ethics of clients in a similar way an accounting firm might assess the finances of ... Read more âº
14
London-based fintech company GoCardless will cut 15% of its workforce in a cost reduction measure that will affect around 135 jobs. In a company blog post, GoCardless CEO Hiroki Takeuchi said that the âcurrent economic environmentâ had left the company in a position where it needed to âreduce investment in initiatives with longer-term paybackâ. âFor ... Read more âº
0
The constituency of Manchester Central is home to the most tech startups outside of London at 252, according to a new report. Eight out of the top-ranking constituencies are in London, including all of the top five, according to startup lobby group Coadec, which rebranded to the Startup Coalition on Monday. Dom Hallas, executive director ... Read more âº
2
In episode four of this season of the UKTN Podcast, PQShield founder and CEO Dr Ali El Kaafarani explains how quantum computers will one day crack todayâs encryption to expose our data, and discusses the race to create cryptography that can fend off cyberattacks powered by quantum devices. Oxford-headquartered PQShield is a cybersecurity spinout founded ... Read more âº
0
Venture capital firm Black Seed has closed £5m for its first fund to invest in Black British tech founders. Based in Brixton, London, the investor is targeting a final close of £10m and will make early-stage investments into tech startups run by Black entrepreneurs. Karl Lokko, chairman and co-founder of Black Seed, said: âBlack Seed ... Read more âº
19
British startup Gensyn has secured £33.8m in Series A funding led by a16z crypto for its decentralised AI creation software. a16z crypto is a crypto and web3 fund from Andreessen Horowitz, which revealed today it will be opening its first overseas office in London. London-based Gensyn seeks to replace the requirement for traditional cloud infrastructure ... Read more âº
3
The UKâs financial regulator is âbasically chasing the crypto sector offshoreâ with its hard-line approach, risking a repeat of the 2008 financial crash conditions when consumers turned to overseas banks that were not being regulated in the UK, according to the director of the Digital Economy Initiative. Ijeoma Okoli, director of the cryptocurrency think tank, ... Read more âº
0
Developments in generative AI could lead to a shift in the world of work akin to the industrial revolutions of the past, according to the CEO of Microsoft UK. Speaking at London Tech Week 2023, Clare Barclay described how the tech firm â which is the largest investor in generative AI company OpenAI â envisioned ... Read more âº
1
US venture capital firm (VC) Andreessen Horowitz (a16z) has revealed London as the location for its first international office. General partner Sriram Krishnan will manage the London branch of the investor and it will be open later this year. Andreessen Horowitz also plans to host its next Crypto Startup School from its London home in ... Read more âº
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14.06.2026 07:20
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