Staff at Coventry City Council are concerned over a major AI contract handed by the local authority to controversial US tech giant Palantir, according to reporting from The Guardian. The American tech group co-founded by Trump-backer Peter Thiel provides software for numerous defence and governmental partners, however, the deal with Coventry, worth £500,000 a year, is ... Read more ›
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Cyted Health, a diagnostics firm founded by experts from the University of Cambridge, has pulled in $44m (£32.5m) for its Series B funding round. The company, which specialises in gastrointestinal molecular diagnostics, will use the new funding to support its expansion to the US. The Cambridge-based firm’s diagnostics platform recently launched in the US, with ... Read more ›
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This week’s UK tech funding deals include semiconductor company Paragraf, vaccine storage developer EnsiliTech and more. UKTN tracked £88.1m worth of UK tech investment this week (25 August to 29 August), a 163% week-on-week increase across five funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Paragraf – £41m Sector: Semiconductors HQ: Somersham Round: Series ... Read more ›
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With an increasingly uncertain and unpredictable global trading environment, many UK tech investors and innovators are looking to explore new markets. New horizons bring new opportunities – and one region discussed less often is the thriving tech scene in the Global South. The Global South is a loose geopolitical term that refers not just to ... Read more ›
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Tareq Nazlawy is the co-founder and chief executive officer of Trace, a company using blockchain technology to create new opportunities in sports marketing. In this week’s Founder in Five Q&A, Nazlawy discusses embracing a healthy dose of scepticism, managing energy instead of time and why a music production hobby contains surprising parallels for business. What’s one ... Read more ›
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The UK government attempted to secure broader “back-door” access to private customer data held by Apple, as revealed in new court documents. First reported by the Financial Times, a legal filing made by the UK government has revealed that the Home Office has not backed down on its attempts to force Apple to allow it access ... Read more ›
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Conservative peer Lord Kulveer Ranger has been appointed to the board of directors of British AI firm Automated Analytics. Ranger, who was appointed to the House of Lords in 2023, has held a handful of prominent roles in and out of the tech industry. In the public sector, Ranger worked in the London mayorship of ... Read more ›
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M Squared Lasers, a photonics company based out of Glasgow, has entered administration after almost 20 years of operation. The company, which developed lasers for a broad range of uses from quantum computing to chemical sensing, served customers across the globe, including in the UK, Europe, Asia and the US. M Squared Lasers has now ... Read more ›
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Coventry-based autonomous vehicle company Aurrigo has secured £13.8m in additional capital from the sale of new shares. The London-listed firm, which develops self-driving vehicle technology for the aviation industry, raised the new funds from a combination of a share placing and subscription. The placing, in which it issued new shares available for purchase from public ... Read more ›
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The majority of UK tech leaders consider their home market as a more attractive place to grow their business than any other region, according to data from Barclays. Research from the bank as part of its Business Prosperity Index found that 62% of polled tech leaders prefer the UK for scaling a company than mainland ... Read more ›
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Bristolian biotech startup EnsiliTech has secured a £4.5m seed investment to scale its work developing transport systems for vital medicines. Founded in 2022, EnsiliTech has patented technology to improve the storage and transportation of vaccines, antibodies and enzymes. The group was launched to reduce the biopharmaceutical industry’s reliance on legacy ‘cold-chain’ systems, which are costly ... Read more ›
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Mantic, a London-based startup that claims to have built an AI system to predict world events, has emerged from stealth with a $4m (£2.97m) investment. Having assembled a team of engineers from firms including Google DeepMind and Oxford and Cambridge, Mantic is working towards an AI system capable of what it calls “judgemental forecasting”. The ... Read more ›
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The chief financial officer of Manchester-based delivery tech company Sorted has announced he will be leaving the firm a little over a year after the resignation of its chief executive. Mahmoud Warriah will remain as the company’s finance chief and as an executive director of the firm until the end of his six month notice ... Read more ›
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UK banks are projected to invest over £1.8bn in generative AI by 2030, according to a study from Zopa and Juniper Research. Finance is among the sectors that could benefit most from a safe integration of generative AI, from the automation of menial tasks, to complex financial modelling to customer service and strengthened security. According ... Read more ›
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Attio, a company developing an “AI-native” CRM platform, has raised $52m (£38.6m) in a Series B round led by Google Ventures. Founded in 2017, Attio is working towards a CRM service that is built with AI tools and agents in mind. According to the firm, many current CRM platforms were built based on manual data ... Read more ›
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Attensi is a training and performance platform that combines psychology, technology and gaming principles. Founded in Oslo in 2013, Attensi has enabled organisations to develop their workforce through engaging interactive training experiences. Jamie Watson started his journey at the firm in 2022, heading up the hospitality and leisure division of the business until eventually being ... Read more ›
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OrganOx, a University of Oxford spinout that has developed an automated device to preserve organs in transit, has been acquired by Tokyo-based medical manufacturer Terumo for $1.5bn (£1.1bn). The company, which was spun out of the university in 2008, is known for creating a transportation device for organs used in liver transplant surgeries that offers ... Read more ›
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The audiovisual industry is in the middle of one of its biggest shifts in decades as AI reshapes its future. Artificial intelligence is no longer just a post-production assistant. It is changing how stories are developed, marketed, and unlocking entirely new dimensions of audience engagement. For years, the kind of data that could predict audience ... Read more ›
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The London Stock Exchange has become the first organisation to receive approval from financial regulators to operate a PISCES platform. The Private Intermittent Securities and Capital Exchange System (PISCES) is a new system for corporate funding that allows private businesses to auction off shares to a pool of professional investors without a full-scale public offering. ... Read more ›
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Sustainable hygiene startup Wype has raised £1m in an equity round as it looks to build on strong sales momentum. Unsuccessfully pitched on Dragons’ Den three years ago, Wype, which sells cleansing gel to turn toilet paper into wet wipes – reducing demand for the environmentally straining product – has since grown its revenue by ... Read more ›
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Most popular sources
Business Insider
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27% 6 |
Tom's Hardware
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15% 2 |
The Verge
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7% 1 |
Engadget
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5% 1 |
Gizmodo
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5% 1 |
| View sources » | |
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17.12.2025 20:23
Last update: 20:15 EDT.
News rating updated: 03:10.
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