The Hartree Centre has given three UK universities £4.5m to become regional SME tech hubs. Cardiff University, Newcastle University and Ulster University will promote the use of the Science and Technology Facilities Council’s (STFC) Hartree Centre’s resources. Each of the universities will encourage SMEs to use technology including supercomputing, AI, data analytics and visual computing. Minister ... Read more ›
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The UK’s competition regulator has further tightened restrictions on Microsoft’s $68.7bn takeover of Activision Blizzard. Microsoft and Activision Blizzard are now subject to an interim order given by the Competition and Markets Authority (CMA). In the interim order, it states the two firms now have “Restrictions on acquiring an Interest”. It means either of the ... Read more ›
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A self-driving bus service will depart for its first public passenger service shift next week in Scotland in a major milestone for UK autonomous driving. From 15 May, five autonomous buses from the CAVForth project will rotate a bus route from Ferrytoll Park & Ride in Fife to Edinburgh Park interchange every 30 minutes. The ... Read more ›
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Tamara Ivancova is the founder of Amara Automotive, a mobility startup developing sustainable vehicles. Its first vehicle is a four-wheeled electric bike. Before Amara Automotive, Ivancova was the aerodynamic development intern with the Scuderia AlphaTauri F1 Team. The mobility startup was established last year and is currently a team of 3 based at the University ... Read more ›
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Multinational conglomerate SoftBank has posted a record loss of $32bn (£25.4bn) for its tech-focused investment fund, which has backed a number of major tech firms in the UK and beyond. In its FY22 report, the Japan-headquartered firm reported a major loss for its Vision Fund, which has a major investment presence in the UK tech ... Read more ›
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Foreign direct investment (FDI) into UK tech projects has fallen as the country faces continued industry criticism that it is “closed for business”. Whilst UK foreign investment overall saw a 6% decline it remained in second for the most amount of oversee investment at 929 projects. FDI for tech projects has declined further, dropping by ... Read more ›
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Southampton-based AccelerComm, which has developed IP to optimise 5G radio access network performance, has closed a £21.5m Series B funding round. The University of Southampton spinout’s tech corrects transmission errors in 5G networks caused by noise, interference and poor signal strength. Founded in 2016, AccelerComm’s error correction tech is used by Vodafone, Intel, and AMD. ... Read more ›
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East Lothian, Scotland-based shared mobility platform Liftango has received over £2.5m in an investment round. Maven VCTs contributed £1.25m, with a further £1.25m having come from Scottish Enterprise and “a significant but undisclosed investment” amount from prior supporters. “Liftango is growing at such a fast pace because of the extremely good thematic trade winds behind ... Read more ›
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Microsoft has taken an undisclosed equity stake in London-headquartered coding platform Builder.ai. The investment into Builder.ai will see the integration of the US technology giant’s cloud and AI. Builder.ai’s own AI Natasha will be added to Microsoft’s Teams store. Jon Tinter, corporate VP of business development, Microsoft, said: “We see Builder.ai creating an entirely new ... Read more ›
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Something peculiar is occurring in the tech ecosystem right now. Simultaneously, along with tens of thousands of layoffs across the sector, there is a widening skills gap and a talent crunch that shows no signs of abating. Hard as it may be to reconcile a demand for talent alongside 2022 and 2023’s redundancies––recent figures from ... Read more ›
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London & Partners has this week launched Grow London Global, a brand new international scale-up programme for London’s high-growth tech companies. It builds on the success of the Mayor’s International Business Programme, which over seven years helped more than 1300 London businesses to scale, raised more than £6.5bn in investment and created over 5000 jobs. ... Read more ›
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London-based investment platform Odin has raised $3m (£2.4m) in a seed round including contributions from 220 angels through its own investment platform. Self-described as a “community-centric” way to back startups, the platform manages key processes, including legal, banking, and KYC/AML on behalf of the user. In the Odin fundraise there were 220 angels including: Sarah ... Read more ›
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Activision Blizzard has brought in Lord David Pannick, a veteran lawyer known for defending Boris Johnson during the “partygate” scandal, to represent the video game firm during its legal action against UK regulators. First reported by the Financial Times, the lawyer of the former prime minister will handle Activision’s case at a Competition Appeal Tribunal. ... Read more ›
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Northern Irish startup Polyloop, which allows public sector organisations to calculate their spending’s impact, has scored £1.2m. Belfast-headquartered Polyloop wants to improve upon the traditional methods of spreadsheets and PDFs, said its chief executive Ralf Alwani. Features include real-time analytics and evaluation reporting. “Many civil servants work hard, day and night, to do great work. ... Read more ›
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Value.Space, an insurtech startup using satellite-gathered data to detect faults in infrastructure, has closed a £1.8m seed round. Based in London and Tallinn, the company has claimed its technology can detect the smallest anomalies in major infrastructure projects. This data can then aid loss prevention and insurance processes. “The facts speak for themselves: in March, ... Read more ›
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Financial analysis platform Spendkey has emerged from stealth and secured £358,000 in pre-seed funding from investors. Businesses can use Spendkey to provide AI-generated insights into their finances. Features include audit checking, cash flow management, carbon tracking and data cleansing. According to Spendkey, its AI can conduct a full financial review of a company in “minutes”, ... Read more ›
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The majority of those working in marketing plan on making use of AI in the next year despite not currently being prepared for it, new information has revealed A survey from software firm Sitecore found that 72% of marketers in the UK plan to use generative AI in their strategies, with those responding positively saying ... Read more ›
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Troubled data firm WANdisco has appointed a former Sage Group CEO as the interim chief executive as the company faces continued regulatory roadblocks. Stephen Kelly, who has held executive positions at a number of prominent software and financial firms, will assume the role of WANdisco CEO on an interim basis following the resignation of company ... Read more ›
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London-based biotech firm Ascend Gene & Cell Therapies has raised $132.5m (£105.1m) for its gene therapy manufacturing technology. Founded by the VC firm Monograph Capital in 2021, Ascend helps gene therapy companies to transition their proposed products to feasible clinical programs. Tim Funnell, an investor at Monograph Capital, said: “AAV manufacturing is complex and needs ... Read more ›
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AI-powered investment intelligence startup Filament has raised £2.85m in support of its platform for the private equity industry. Founded in London in 2016, Filament created its platform, called Syfter, as a way for private equity firms to grow their in-house data infrastructure. “We were attracted to Filament because of the many proof points within the ... Read more ›
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14.06.2026 13:17
Last update: 13:10 EDT.
News rating updated: 20:10.
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