The digital skills shortage has been a perennial problem holding back the UK’s innovative companies. There is a chronic imbalance between the number of workers with sought-after tech skills and the number of vacant roles that shows no sign of abating. While the skills gap is a global issue, it has been acutely felt in ... Read more ›
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The UK competition regulator has blocked the $68.7bn merger of Microsoft and Activision over concerns that it would lead to reduced “innovation and less choice for UK gamers”. The Competition and Markets Authority (CMA) first flagged its concern with the deal last July. The deal would see the Xbox owner take over the developer of ... Read more ›
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A London-based voice isolation startup, IRIS Audio Technologies, has raised $7m (£5.6m) in a Series A funding round to drive an expansion into North America. IRIS has developed a suite of audio tools that are based on research into how sound affects the brain. Its flagship product is the IRIS Clarity, an AI-powered product that ... Read more ›
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Burntwood, Staffordshire-based biotech company It’s Fresh! has harvested £6.7m in an investment round led by the venture capital firm BGF. Businesses working in the food production chain use the company’s ethylene control filters to keep vegetables and fruit fresher for longer. Its filters remove and absorb ethylene from surroundings, which in turn delays food decay. ... Read more ›
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The founder of Pragmatic Semiconductor has suggested the UK chip company may move operations to the US if the government doesn’t support the industry. Speaking to Bloomberg, Scott White, who co-founded Pragmatic Semiconductor in 2010, said that government efforts to support UK microchip production have not adequately convinced the Cambridge-based firm to keep operations on ... Read more ›
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Innovate UK has made £100m in funding available for companies working on AI and machine learning projects. A competition from the UK’s national innovation agency will deploy as much as £5m for AI innovation projects lasting four to six months. Individual grant applicants will receive up to £50,000. “We aim to unlock the untapped potential ... Read more ›
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Venture capital (VC) investment in the UK fell to its lowest level since before the pandemic in the first quarter of the year, according to new data. UK companies received £2.9bn in the first three months of the year, a relatively paltry figure compared to the heights of the last two years, according to research ... Read more ›
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Venture capital firms including Pembroke VCT, Octopus Ventures and Praetura Ventures have invested £6m into Seatfrog, a train ticket platform taking on Trainline. The London-headquartered business lets users book train tickets, switch trains and bid for an upgrade to first class. “Our mission is to be the platform of choice for rail, helping people fall ... Read more ›
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Blockchain startup Libraro has secured a £2m equity investment for its platform that aims to direct publishing houses to new writing projects. The London-based company is seeking to break up the age-old and largely unchanged book publishing industry. Aspiring writers can post their work on the Libraro platform, which can then be accessed by publishing ... Read more ›
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A Newcastle-based cybersecurity firm has secured £500,000 in funding as it prepares to roll out its automated platform to protect SMEs. Melius Cyber, founded in 2018, was created as a spinout from the IT business Melius Group. Its security platform automates vulnerability scanning for IT systems and small and medium businesses. The platform simulates cyberattacks ... Read more ›
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Venture capital firm Foresight Group has led the $5m (£4m) Series A funding round for the London-based AI sales software startup Kluster. The company’s software is used by sales teams to monitor sales data and trends. They can also use it to create sales plans detailing hiring numbers, call numbers and who to contact. Following ... Read more ›
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Entrepreneur network Founders Forum Group has acquired the outgoing Tech Nation after it halted operations last month. The two organisations initially entered talks last month regarding a possible acquisition of the branding of Tech Nation. Gerard Grech, founding CEO, and Tech Nation Advisory Board member, said: “I am confident FF Group will continue the vital ... Read more ›
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University of Sheffield spinout Productive Machines has picked up £2.2m for its AI software that aims to reduce the damage caused by machine vibrations in metal mills. Productive Machines creates a digital twin – a virtual representation – of machinery in action to predict the optimal way for it to complete the task. The company ... Read more ›
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Cambridge-headquartered quantum computing startup Riverlane has secured £15m in a Series B funding round. Riverlane is developing a self-correcting operating system for quantum computers, which are prone to errors. Steve Brierley, founder and CEO of Riverlane, said: “Armed with useful quantum computers, humans will enter the Quantum Age, where we go from slow trial and ... Read more ›
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The prime minister and tech secretary have announced a £100m taskforce to accelerate the UK’s artificial intelligence (AI) sector. Announced at Business Connect, the new funding will be in addition to the £900m already announced at the budget to support compute infrastructure in the UK. The new AI taskforce will attempt to keep the UK ... Read more ›
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The Department for Science, Innovation and Technology (DSIT) has appointed 7 non-executive members to its Start-Up Board, established to advise the government on how to support the private startup space. Members of the new DSIT startup board include astronaut Tim Peake CMG and Phoenix Court co-founder Saul Klein. Klein said: “I am looking forward to ... Read more ›
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More than 100 aspiring and existing venture capital firms (VC) have joined the latest cohort of Newton, a training and networking project from LocalGlobe, London Business School (LBS) and founding partner SVB UK. The Newton Venture Program, which was first launched in 2020, has brought on 68 up and coming VC professionals to join its ... Read more ›
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Enterprise technology company Sage is one of the nearly 50 businesses to publicly terminate or suspend membership of the CBI following a second allegation of rape that threatens the future of the scandal-ridden business lobby group. UK companies ranging from car manufacturer Jaguar Land Rover to chip intellectual property designer Imagination Technologies deserted the Confederation ... Read more ›
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An entrepreneur who fabricated that Airbnb acquired his Scottish proptech company has also misled investors during a £466,000 crowdfunding raise for a separate venture that claims to be the “Uber of student rentals”. UKTN can reveal that Grant MacCusker, along with his teenage son Jamie Stewart, listed three fake employees on an investor slide deck ... Read more ›
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Energy storage business Gravitricity is entering the US through a partnership with IEA to be eligible for a government funding programme launched by the president. Partnering with IEA Infrastructure Construction, the firms will together search for funding from President Joe Biden’s recently announced $450m (£363.1m) fund for clean energy initiatives. Robin Lane, commercial director of ... Read more ›
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14.06.2026 16:34
Last update: 16:20 EDT.
News rating updated: 23:21.
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