Andrei Danescu is the founder and CEO of Dexory, an autonomous warehouse robot maker. Dexory, previously known as BotsAndUs, launched in 2015. The startup’s robots use artificial intelligence (AI) to create a digital twin of a warehouse. That mapping data can then be used by operators to run logistics more efficiently in the warehouse. The ... Read more ›
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The first commercially successful steam locomotive was built in Leeds in 1812. Today, it’s full steam ahead for the West Yorkshire city’s tech ecosystem, which is producing trailblazing scaleups at an impressive rate. For several years Leeds has had some of the fastest scaleup growth in the North of England – defined by companies that ... Read more ›
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Software as a service (SaaS) startup Cerbos has landed $7.5m (£6m) in an extended seed round led by venture capital firm OMERS Ventures. London-headquartered Cerbos’ software is used by developers and programmers to conduct authorisation checks on code. Torsten Volk, managing research director, Enterprise Management Associates, said: “Writing and managing repetitive code for the ‘plumbing’ ... Read more ›
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Skyports’s drone services division is collaborating with the Royal Mail, Orkney Islands Council Harbour Authority and Loganair to deliver cargo in the Orkney Islands. Electric drones from Skyports will undertake both daily inter-port and shore-to-ship deliveries. “The possibility of drone deliveries from shore to ship in particular, could add an extra dimension to the services ... Read more ›
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Almost half of business leaders in Europe have resorted to buy now pay later (BNPL) services to smooth cash flow amid difficult economic conditions, new research has suggested. In a survey from fintech company Marqeta, it was found that 43% of business leaders had used BNPL services in the last three months as cash flow ... Read more ›
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Darktrace has warned it expects a slowdown in sales and new customers amid the difficult macro-economic environment. In its latest financial update, the London-listed cybersecurity firm reported a 6.3% drop in annual recurring revenue (ARR) growth in Q3, compared to the same period last year. The company cited “continued uncertainty” in the global economy as ... Read more ›
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The government has allocated £9.4m in funding from its Longer Duration Energy Storage competition to Nottingham-based Cheesecake Energy. Cheesecake Energy will use the government funding to install its energy storage solution as a microgrid in Colchester to help with local grid limitations. University of Nottingham spinout Cheesecake Energy’s installation will collect energy made by a solar ... Read more ›
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Bitget, the largest crypto copy trading platform, has announced a $30m investment into the decentralised multi-chain wallet BitKeep, becoming its controlling stakeholder. The deal will allow the exchange to extend its range of services, while also supporting BitKeep in enhancing the stability and security of its offerings. It’s also aimed at helping both companies leverage ... Read more ›
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UK microchip company Pragmatic Semiconductor has appointed a new chief executive who will replace co-founder Scott White. David Moore, a veteran of the semiconductor industry, will assume the role of CEO at Pragmatic. Moore most recently served as the chief strategy officer at the Nasdaq-listed chip firm Micron Technology. Prior to Micron, Moore worked in ... Read more ›
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Cambridge computing firm Raspberry Pi Ltd has received a minority investment from Sony’s semiconductor division. As part of the deal, Raspberry Pi users will gain access to Sony Semiconductor Solutions’ AITRIOS platform to develop AI applications such as visual sensing using cameras. The financial terms of the deal were not disclosed. Terushi Shimizu, president and ... Read more ›
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Electric vehicle startup Arrival is undergoing a reverse stock split to ensure it meets the minimum listing requirements for the Nasdaq stock exchange. Arrival first received a warning from the Nasdaq due to a low trading price back in November after its price went under $1 for 30 consecutive days. The reverse stock split, agreed ... Read more ›
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Albion Capital, a London-based VC firm, has secured £80m of funding just over a year after announcing it was seeking finances. The firm said it will deploy the £80m across its existing portfolio, which is made up of six venture capital trusts (VCTs). “VCTs play an important role bringing British innovation to life and supporting ... Read more ›
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Digital health and education platform Cognassist has received a £4m investment to expand its neuro-inclusive services from the education sector into the enterprise market. Founded in 2019, Cognassist has built a software-as-a-service platform to identify unknown learning needs. The company said its product is backed by “extensive scientific research” to determine how to support neurodiverse ... Read more ›
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SoftBank boss Masayoshi Son is set to sign a formal agreement with the Nasdaq stock exchange regarding the listing of Arm, in the first official step towards the Cambridge semiconductor designer’s New York IPO. As reported by the Financial Times, SoftBank reached an agreement with the stock exchange earlier this week and is expected to ... Read more ›
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Spotted Zebra, a startup offering employee skills insights to companies, has raised $1.8m (£1.4m) to tackle the ever-present skills gap in the UK. Spotted Zebra says it has created a tool that gives employers worker data to measure the skills of their teams. The idea is that organisations can identify both gaps in employee skills ... Read more ›
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Infogrid, a London-based platform that uses AI to improve the sustainability of buildings, has raised $90m (£72.4m) in Series B funding. The Infogrid platform was designed to minimise carbon emissions and water and chemical waste in buildings whilst generating financial returns on suggested sustainability investments. The company claims its product, which collects data from client ... Read more ›
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London-headquartered OneWeb will trial its satellite-based internet service on the Shetland Islands and Lundy Island. OneWeb, in which the British government holds a minority stake, will deploy its low-Earth orbit (LEO) internet satellite technology to connect households and businesses in the two remote areas. The internet connection will be facilitated by BT and Clarus. Neil ... Read more ›
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University of Glasgow spinout SOLASTA Bio has secured £4m in funding for an “eco-friendly” insecticide to help protect crops from damage caused by insects. The company uses neuron-made small proteins, called neuropeptides, instead of synthetic chemicals traditionally used in insecticides. SOLASTA says its “nature-inspired” products can specifically target pest insects while leaving pollinators, such as ... Read more ›
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Recently founded payments startup Ryft has secured its UK regulatory licence from the Financial Conduct Authority (FCA) as it looks to one day take on fintech giant Stripe. Founded in 2022, Ryft has described itself as Stripe Connect, a payments integration solution, but “without the high fees” and lengthy payout wait times. Used by B2B ... Read more ›
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Nolea Health, a platform to recruit mental health professionals and tackle staff shortages, has emerged from stealth with a £1m investment. The London-based startup was founded last year, following the intense strain the pandemic had on an already overstretched NHS. Nolea Health is an online jobs marketplace that aims to address the mental health clinician ... Read more ›
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14.06.2026 18:12
Last update: 18:05 EDT.
News rating updated: 01:01.
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