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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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 today’s 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 ›
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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: “Black Seed ... Read more ›
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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 ›
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The UK’s financial regulator is “basically chasing the crypto sector offshore” 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 ›
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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 – which is the largest investor in generative AI company OpenAI – envisioned ... Read more ›
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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 ›
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Prime Minister Rishi Sunak has said he wants to make the UK the “geographical home of global AI safety regulation” amid warnings about the risks the technology poses to the world. Speaking at London Tech Week, Sunak said the “tectonic plates are shifting not just in AI but in quantum, synthetic biology, semiconductors and much ... Read more ›
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HSBC has confirmed the rebranding of Silicon Valley Bank UK (SVB UK) to Innovation Banking at London Tech Week today. SVB UK will merge with freshly established innovation teams located in the US, Israel and Hong Kong. “HSBC Innovation Banking will unlock new possibilities for UK innovation businesses to boost their growth and compete on ... Read more ›
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As probably the UK’s largest and most successful celebration of the technology and innovation ecosystem, London Tech Week is undoubtedly a good thing — a chance to convene operators, investors, policymakers, and other key stakeholders to celebrate achievements and point the way ahead. But it is also a missed opportunity to engage and represent the ... Read more ›
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London Tech Week has returned for its 10th year with an action-packed 2023 agenda bringing together industry experts and entrepreneurs from across the world. The week-long event kicks off today at the Queen Elizabeth II Centre in London, where more than 30,000 people are expected to attend, including over 3,500 startups and more than 850 ... Read more ›
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The 10th London Tech Week will be opened by Prime Minister Rishi Sunak and the Mayor of London Sadiq Khan on Monday morning. Taking place at the Queen Elizabeth II Centre in London, approximately 30,000 delegates are predicted to be in attendance throughout the week. Prime Minister Rishi Sunak said: “As the tectonic plates of ... Read more ›
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The UK’s national research and innovation funding agency is investing nearly £318m into a plant and microbial research hub based at Norwich Research Park, with plans to complete it before 2030. UKRI, a public body, is backing a project that will redevelop the John Innes Centre and The Sainsbury Laboratory across the next seven years. ... Read more ›
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Adobe’s chief executive has become the latest tech boss to slam UK regulators, warning that blocking acquisitions will discourage investment in startups. Speaking to the Financial Times, Shantanu Narayen suggested competition regulation in the UK could be preventing innovation. “I’m a big believer that if companies don’t have exit strategies — and sometimes the exit ... Read more ›
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London has been named the number one city for global tech investment over the past 10 years, according to new data. The UK capital beat out European hubs in Germany and France, and even US titans like New York to take the top spot for foreign investment into tech projects, according to findings from London ... Read more ›
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Nigel Lombard is the CEO and founder of Peppercorn AI, an insurtech startup that uses conversational artificial intelligence to guide customers through the purchase process. Cardiff, Wales-based Peppercorn AI has created a platform for customers to select and buy motor insurance by interacting with a chatbot that uses natural language processing to answer customer queries. ... Read more ›
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Cultivated meat company Higher Steaks has been served $30m (£23.9m) in funding and is rebranding to Uncommon. Existing investors with an appetite for Uncommon’s latest round include OpenAI’s CEO Sam Altman. Balderton Capital and Lowercarbon led the Series A round. They were joined by Max Altman, Miray Zaki, Sebastiano Castiglioni, Red Alpine and East Alpha. ... Read more ›
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Battery prototype software spinout About:Energy has collected £1.5m in seed investment from investors. About:Energy’s seed funding came from backers including the CEO of OakNorth Bank Rishi Khosla, Plug and Play Ventures, HighSage Ventures, Vireo Ventures and Electric Revolution Ventures. “This investment will enable us to integrate the latest research from our partnering institutions, creating a ... Read more ›
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As we approach the 10th anniversary of London Tech Week, there is much for us to celebrate around the growth of London’s tech sector during the last decade. In the past ten years we’ve seen London grow from a burgeoning startup hub in East London to Europe’s largest tech ecosystem and now a top three ... Read more ›
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Technology continues to affect almost every job role, whether it’s in a factory or behind a desk, according to the World Economic Forum’s (WEF) 2023 Future of Jobs report. Jeff Maggioncalda, who is the CEO at online learning company Coursera – which contributed data for the report – says: “We’re pretty much all in the ... Read more ›
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This week Apple unveiled the Vision Pro, its long-awaited and much-speculated upon entry into the virtual and augmented reality world. Notably, Apple refers to this new product line as “spatial computing” rather than the metaverse, the term favoured by Facebook owner Meta. Apple CEO Tim Cook sees the Vision Pro, which is similar in appearance ... Read more ›
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21.06.2026 01:50
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