UKTN has flown to Silicon Valley to accompany the 2023 cohort of Future Worlds’ accelerator from the University of Southampton on its journey through the world’s largest tech hub. UKTN will provide exclusive behind-the-scenes coverage of the group, which contains founders across sectors including EVs, blockchain, medtech and more, as it meets with some of ... Read more ›
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Troubled data company WANdisco is looking to raise an emergency $30m (£24m) in equity fundraising to avoid collapse this summer. As of April 30, WANdisco had a net cash balance of $8.1m with no debt facilities, which its board believes would only keep the firm afloat until mid-July unless external funding is found. In a ... Read more ›
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An organ transplant spinout from Newcastle University has raised £1.5m to establish an office in Greater Manchester. ScubaTx says its device, currently at the prototype stage, can extend the transportation time for organs to over a day by cooling them through humidified gas. ScubaTx’s round was led by the GMC Life Sciences Fund by Praetura ... Read more ›
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University of Bristol spinout Rosa Biotech has secured £415,000 in angel investment to accelerate pre-clinical trials for its AI-driven platform that aims to make earlier diagnoses of liver disease. Rosa Biotech is aiming to speed up the diagnosis of different diseases by combining protein design and machine learning. The startup is initially targeting the early ... Read more ›
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Revolut’s CFO Mikko Salovaara has resigned from the company citing “personal reasons”, the latest in a string of setbacks for the fintech as it pushes to become a global ‘super app’ and secure a UK banking licence. Salovaara joined the neobank in January 2021 as VP of finance and was promoted to group CFO just ... Read more ›
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London-headquartered digital pension provider Smart has secured £76m in Series E capital from UK and US investors to finance “near-term” acquisitions. The company said it will use the sizeable round, which bucks the funding downturn, to fuel its global expansion plans. The company already has a presence across Europe, the US, the Middle East and ... Read more ›
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DSW Ventures has closed a £2m regional fund to invest in early-stage startups based outside of the ‘golden triangle’ of London, Cambridge and Oxford. The Manchester-based investment firm said it plans to invest the full £2m in the current tax year and is searching for university spinouts to back in addition to seed-stage startups. It ... Read more ›
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Biotech startup OMass Therapeutics has raised £10m from British Patient Capital for its drug development platform. The University of Oxford biotech spinout is developing small molecule therapeutics for rare diseases and immunological conditions. It uses a combination of novel biochemistry, native mass spectrometry and custom chemistry. The funding, which is an extension of its Series ... Read more ›
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Coding platform Sticky which uses stickers in physical locations has attracted £1.5m in seed funding. Organisations can programme NFC-equipped stickers to begin tasks on a phone such as taking payment in a store by tapping them. The owner can track the performance of each sticker. “With one tap of a sticky an interaction or payment ... Read more ›
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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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27.06.2026 05:04
Last update: 04:55 EDT.
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