Drug discovery startup PharmEnable has secured $7.5m (£6m) in a pre-Series A raise led by Mitsubishi Tanabe Pharma Group’s venture capital division, MP Healthcare. The Cambridge-based biotech has developed an “AI-powered” drug discovery technology to create small molecule drugs that are inspired by nature. Cambridge Enterprise, the University of Cambridge Enterprise Fund VIII – operated ... Read more ›
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Multiverse, the edtech unicorn founded by Euan Blair, has made its first acquisition by snapping up the Danish startup Eduflow. The acquisition marks the largest single investment in technology from Multiverse, which became the UK’s first edtech unicorn in June 2022 after a £176m funding round pushed its valuation over the $1bn mark. Multiverse provides ... Read more ›
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London-based UNDO, a climate tech startup spreading volcanic rock dust on farms to capture carbon in the soil, has secured $12m (£9.6m) in funding. The investment includes £9.6m in new funding led by Lowercarbon Capital and AENU, while the startup secured an additional £800,000 renewal from carbon removal purchaser Stripe. UNDO said it will use ... Read more ›
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Tech industry stakeholders have described the £1bn funding behind the UK’s long-awaited semiconductor strategy as “disappointing” when compared to other nations. This morning the government revealed a plan to boost the country’s semiconductor industry by focusing on research and design, and protecting chip supply chains by forging strategic partnerships. However, the £1bn funding – split ... Read more ›
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Mozilla Ventures, the recently launched investment arm of the company behind the Firefox web browser, has made its first UK investment with the gig economy worker app Rodeo. London-headquartered Rodeo lets workers access and control their data, providing insights like earnings over time and pay rates across different gig platforms. App users can also chat ... Read more ›
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The UK will lead on limiting the risks of AI but a global approach to regulation is needed, Prime Minister Rishi Sunak has said. Speaking on the plane to Japan for the G7 summit, where AI will be discussed, Sunak said that AI is beneficial to the UK but must be introduced “safely and securely ... Read more ›
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The UK government has unveiled its long-awaited semiconductor strategy, which will provide funding of up to £1bn over the next 10 years in a bid to boost the country’s microchip sector. The government said it would spend £200m on improving infrastructure, increasing research and development and encouraging overseas collaboration between now and 2025. The government ... Read more ›
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It’s day four of the Future Worlds 2023 cohort’s trip across San Francisco and it’s the group’s most important event yet – pitch time. After a week of learning about the Silicon Valley startup culture, it was time for the Southampton-based cohort to deliver their pitches to an audience of California’s top tech decision-makers. Before ... Read more ›
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Artificial intelligence (AI) is not new. In fiction and reality, machines’ ability to demonstrate human-like learning, behaviour and decision-making has been heavily invested in and prophesied over for decades. But there can be no denying that 2023 has greatly heightened the level of hype surrounding this field of technology. And hype is the operative word. ... Read more ›
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Barnaby Lashbrooke is the CEO and founder of Time Etc, a virtual assistant platform. Lashbrooke founded Time Etc in 2007 and has been the CEO for 16 years. Time Etc has been bootstrapped since launch, and now has revenues of $13.5m, according to the company. The Birmingham-founded company’s biggest market is the US, followed by ... Read more ›
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Curio, a platform that turns expert journalism into narrated content, has secured investment from Mark Anderson, the head of conference organisation TED. The undisclosed investment came alongside the launch of Curio AI, which lets users request a personalised audio episode created from the startup’s extensive collection of human-narrated journalism. Curio AI, which is currently in ... Read more ›
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Investment firm Elkstone has closed a €100m (£87m) early-stage fund, with an anchor commitment from the Ireland Strategic Investment Fund. It plans to invest between €1m (£869,000) and €2m (£1.7m) in Irish companies over the next three years. Elkstone chief executive, Alan Merriman, said: “We are delighted to have delivered on our promise to the ... Read more ›
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London-based startup Konfir has raised a £2m seed round to develop and expand the use of its employment and income verification technology. Konfir’s platform provides businesses with access to instant employment and income verification services, with the aim of streamlining the onboarding process for employers, landlords and lenders. The company combines proprietary data sources and ... Read more ›
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HR DataHub, a company that has created tools for HR departments to compare themselves against other businesses, has secured £1.4m from investors. The Houghton Conquest, Bedfordshire-based HR tech firm is used by 160 organisations including M&S, EDF Energy, Greene King, DHL and Michelin. Stephen Windsor, investor at Mercia, said: “HR Datahub offers labour market analysis ... Read more ›
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Manchester and Bristol have the highest growth in the number of new spinouts in the UK, a report has revealed. Manchester is home to 58 spinouts, up from 52 last year, while 47 spinouts are based in Bristol, up from 42 – the highest proportional growth in spinout creation. The data, compiled by research firm ... Read more ›
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It’s day three of UKTN‘s coverage of the Future Worlds accelerator 2023 cohort’s trip across San Francisco. On Wednesday, the founders visited a true landmark of Silicon Valley, the Plug and Play office in Palo Alto. The story behind the now-legendary accelerator and investor in many ways reflects the area’s spirit of turning lofty ideas into ... Read more ›
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Enterprise tech startup Deployed has secured the backing of Microsof’s venture capital arm in a $4m (£3.2m) seed funding round for its project management software. The London-based startup has developed a scoping platform that aims to simplify writing, editing and publishing statements of work. A statement of work is a document that describes a project’s requirements, ... Read more ›
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Climate tech startup Pledge has raised £8m in Series A funding to develop its decarbonisation software, which aims to help supply chain and logistics businesses meet their sustainability goals. London-based Pledge provides accredited tools for supply chain leaders and freight forwarders to understand, report, reduce and remove their logistics emissions. The platform also includes features ... Read more ›
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Property developer Bruntwood SciTech has unveiled plans for a new innovation cluster in Birmingham that aims to accelerate tech growth in the region. The project, called the Birmingham Innovation Quarter, is a joint venture between Bruntwood SciTech, Aston University and Birmingham City Council. The 20-hectare site will sit within the Birmingham Knowledge Quarter and is ... Read more ›
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The Treasury Committee has called for consumer cryptocurrency trading to be regulated in the same way as gambling. In a report published today, the cross-party committee of MPs say that cryptocurrencies have “no intrinsic value and serve no useful social purpose while consuming large amounts of energy and being used by criminals in scams, fraud ... Read more ›
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14.06.2026 11:53
Last update: 11:45 EDT.
News rating updated: 18:40.
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