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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Electric automotive startup Arrival has received another warning from the Nasdaq Stock Market for producing its annual report on time. Arrival’s financials, which are due on 1 May, have been delayed due to “the diversion of the attention of management and other personnel responsible” towards raising capital and “business combination transactions.” Because of this, Nasdaq ... Read more ›
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As CEO of tech innovation hub Plexal, Andrew Roughan spends a lot of time thinking about scaling. He is motivated to help startups based at Plexal’s East London co-working space grow. He is concerned by the macroeconomic environment for scaling UK companies. And now, his focus is on scaling Plexal in the next stage of ... Read more ›
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Newcastle is full of innovative startups and scaleups. Across the North East as a whole, technology firms boast a turnover in excess of £2bn, employing over 30,000 people in more than 3,500 businesses, according to Tech Nation. Here is a list of 12 Newcastle startups and scaleups compiled by UKTN that you should know about. Bottlepay ... Read more ›
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It is no secret that artificial intelligence (AI) is dramatically transforming industries. However, many organisations struggle to fully adopt and integrate AI into their operations. With AI operations still developing, many businesses lack a dedicated chief AI officer (CAIO), instead leaving oversight to the CTO or CIO. Adding a CAIO to the C-suite can be the difference ... Read more ›
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The proportion of UK female-led companies has increased by just 0.5 percentage points year on year, according to new data. Women-led companies now make up 17.3% of the UK total, up from 16.8% in the year prior, according to The Gender Index. While there was a 14.8% rise in the number of female-led companies that ... Read more ›
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Irish venture capital firm VentureWave has led a $40m (£31.7m) funding round into the investment site Funderbeam. Headquartered in London, Funderbeam is an investment platform used by angel networks and institutional investors. On the platform, investors can invest and trade their shareholdings. Mistletoe, Draper Associates and Ruusalepp joined VentureWave in the funding round. Taizo Son, ... Read more ›
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Guy Windsor-Lewis is the CEO and founder of Locale, a real estate technology platform that provides software services to manage buildings. Windsor-Lewis founded Locale in 2005. Today, the tech platform is used across 80 million sq ft of UK real estate, including in major landmark buildings such as The Shard. The Oxford-headquartered company has relied ... Read more ›
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What a difference a year makes. After reaching a peak of over $200bn in the opening three months of last year, global venture capital (VC) funding fell in each subsequent quarter, according to our latest Venture Pulse report. From January to March this year, total VC investment globally was well under $60bn. With the level ... Read more ›
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Rocket launch company Orbex has begun construction of the first vertical spaceport on UK mainland soil in Sutherland, Scotland. Once complete, Orbex aims to launch up to 12 commercial rockets from the site, carrying payloads of small satellites. The Scottish space site is predicted to produce 250 jobs and is aiming to be carbon neutral. ... Read more ›
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27.06.2026 06:24
Last update: 06:15 EDT.
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