Kitchen robotics startup Karakuri has completed a trial of its automated chip fryer with restaurant chain Nando’s. It marks the first time the London-based company has deployed its automated chip fryer in a live commercial kitchen. During a 30-day trial at a Nando’s Royal Park in London, Karakuri’s chip-frying robot helped cook over 4 tonnes ... Read more ›
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Ariana Alexander-Sefre is the founder and co-CEO of Spoke, a music-led mental wellness app aimed at Gen Zs. Alexander-Sefre founded Spoke after experiencing loved ones lose young male friends and family to suicide. The app is taking a different approach to mental wellbeing from the likes of Calm by focusing on music. Spoke hires artists, ... Read more ›
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Coadjute, a London-based proptech that uses a blockchain network to record property transactions, has raised £4m in a round led by Manchester VC Praetura Ventures. Coadjute’s core service is its blockchain-based digital ledger that estate agents can use to track transactions. The Coadjute platform is designed to connect with existing real estate software, rather than ... Read more ›
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Virgin Orbit said it will lay off 85% of its workforce after Richard Branson’s embattled rocket company failed to secure further funding. It is the latest blow for Virgin Orbit, which earlier this month suspended operations and furloughed employees as it scrambled to find further funding in the wake of its unsuccessful launch from Spaceport ... Read more ›
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London-based accounting software platform Translucent has raised £2.7m in a round led by fintech company Wise and venture capital firm LocalGlobe. Michael Wood, who worked in the world of accounting software, founded Translucent in 2022 after noticing the complexity associated with multi-entity firms dealing with financial data across multiple platforms. Translucent is a platform to ... Read more ›
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Insurance software startup Intelligent AI has collected £2m from investors to establish a base of operations in Cornwall and generate 27 jobs in the next three years. The company uses AI and satellite image data to assist in commercial property insurance underwriting. “Thanks to this investment, we will be able to accelerate our growth plans ... Read more ›
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A government-backed report has revealed an alarming prevalence of ethnic minority discrimination in the tech sector. According to new research, backed by the UK’s tech department, 61% of ethnic minorities in the UK tech sector said they have experienced discrimination in the last 24 months. The report also found that 79% of minority ethnic workers ... Read more ›
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London-based digital supply chain finance startup Finverity has raised £4m to address the funding gap in global trade finance. Finverity was founded in 2017 to modernise supply chain finance, a form of financing that allows companies to access funds quickly based on the value of outstanding receivables. The startup offers two key products to clients: ... Read more ›
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British Patient Capital has invested £30m into Northern Gritstone, a North of England venture capital firm. British Patient Capital, a division of the state-owned British Business Bank, secured the new capital after its £215m raise, which included contributions from the Greater Manchester Pension Fund and West Yorkshire Pension Fund. Northern Gritstone backs spinouts from universities ... Read more ›
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The UK’s competition regulator is conducting a deeper investigation into Broadcom’s $61bn acquisition of VMware. Broadcom had five working days to come up with revisions that satisfy the Competition and Markets Authority’s (CMA) concerns. The CMA has highlighted that the takeover could affect competition across ethernet network interface cards, fibre channel host bus adapters, storage ... Read more ›
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Venture capital firm Jenson Funding Partners is investing £250,000 into the AI farming spinout Permia Sensing. The Imperial College London spinout uses an acoustic sensor and artificial intelligence to listen for the sounds of red palm weevils on coconut palm trees. Red palm weevils cause damage to coconut palm trees and if the sensors detect ... Read more ›
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Between the shutdown of Silicon Valley Bank and impending closure of Tech Nation, March has been as tumultuous a month for the UK tech industry as it gets. Despite the challenges of the past few weeks for many leaders in the sector, it also revealed important lessons about how to tackle complex problems and build ... Read more ›
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Tech Nation has revealed the winners of its final Rising Stars startup competition ahead of its impending closure after more than a decade of operations. Rising Stars winners will receive a support package that includes the chance to “showcase ” their businesses to the UK tech investors and accelerators. Winners of the Rising Stars competition ... Read more ›
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Video compression startup Deep Render has received $9m (£7.3m) through a combination of equity and grant funding. The London-based company is developing file compression technology to free up bandwidth for internet service providers. Deep Render’s software uses machine learning to reduce the size of videos up to “up to 5x smaller”, which the company says it ... Read more ›
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Payments provider Paytrix has landed $18.3m (£14.8m) in Series A capital led by Unusual Ventures, Motive Partners and Bain Capital Ventures. The London-headquartered fintech’s payment API is used by businesses to send, receive and store payments. Aran Brown, CEO and co-founder of Paytrix, said the company is aiming to slot into the middle gap between ... Read more ›
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Cardiff-based venture capital firm Waterspring Ventures was born out of founder and managing partner Sam Huxtable’s frustration with finding finance in the Welsh capital. Huxtable was previously an associate portfolio manager for the investment management firm Schroders before realising he wanted to work with startups, where he felt he could have a greater impact. Following ... Read more ›
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Innovative companies in the UK may have to wait significantly longer than other major nations to secure patents for new technology, a study has shown. Analysis from Catax has found that patent applications, which are required to protect the intellectual property of new technologies, come with a more than 18-month wait for a response in ... Read more ›
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A group of investors have deployed £1.8m into a gravity sensor company as part of a wider £2.8m financing round. Cambridge-based Silicon Microgravity is developing gravity and inertial sensors, more commonly known as accelerometers and gyroscopes. Francis Neill, CEO of Silicon Microgravity, said: “Our Inertial sensors are already gaining strong industry interest globally with a ... Read more ›
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Pension and insurance company Scottish Widows has launched four new green investment funds totalling £1.4bn. Scottish Widows will target companies developing solutions for clean energy, clean mobility, sustainable transport, biodiversity preservation, and pollution. The Edinburgh-based insurer developed its primary fund, the Global Environmental Solutions fund, alongside Schroders, which will serve as the asset manager of ... Read more ›
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The government has said it will take a sector-by-sector approach to AI regulation to “turbocharge” growth while ensuring “responsible” use by businesses. The proposed regulations will cover all types of AI, including generative AI models such as ChatGPT. In a new white paper from the recently established Department for Science, Innovation and Technology, the government offered ... Read more ›
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14.06.2026 21:46
Last update: 21:25 EDT.
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