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UK Tech News
Robert Scammell @ UK Tech News Ā· 03/28/2023 01:00 EDT

UKTN Podcast: Greyparrot CEO on tackling ā€˜relentless’ rubbish with computer vision

Joining the latest episode of the UKTN Podcast is Mikela Druckman, CEO and co-founder of AI waste analytics company Greyparrot. During the show, Druckman explains how her company uses AI to identify and sort through ā€œmountainsā€ of waste, why legislation is key to reducing rubbish, and discusses the crackdown on greenwashing in the packaging supply ... Read more ›

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UK Tech News
George Simister @ UK Tech News Ā· 03/27/2023 11:35 EDT

Oxford spinout raises £9.2m for smart water tank R&D centre

An Oxfordshire-based company developing smart water tanks has received Ā£9.2m in funding to construct a research and development (R&D) centre. Mixergy, founded as a spinout from the University of Oxford, will use the new R&D facility to test the thermal stratification used in its water tanks. Mixergy uses thermal stratification allows its water tanks to ... Read more ›

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UK Tech News
George Simister @ UK Tech News Ā· 03/27/2023 10:40 EDT

VC firm SR One closes £489m biotech fund

US and UK-based venture capital firm SR One has closed $600m (Ā£489.3m) for its second fund to invest in the biotech sector. SR One is a spinout from the British pharmaceutical and biotech GlaxoSmithKline, it has offices in California, Pennsylvania and London. SR One’s Fund II will invest in early-stage biotech startups developing new medicines. ... Read more ›

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UK Tech News
George Simister @ UK Tech News 2 place Ā· 03/27/2023 06:26 EDT

OneWeb satellite launch allows for global internet coverage

OneWeb has launched 36 internet satellites, allowing the company to expand its internet coverage worldwide later this year. The 36 OneWeb satellites were launched by NewSpace India Limited from the Satish Dhawan Space Centre in Sriharikota, India yesterday. Sunil Bharti Mittal, Executive Chairman of OneWeb, said: ā€œIn my work I have seen the power of ... Read more ›

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UK Tech News
Oscar Hornstein @ UK Tech News Ā· 03/27/2023 06:10 EDT

Customer loyalty fintech Bink secures £9m funding

Bink, the customer loyalty fintech backed by the likes of Barclays and Lloyds Banking Group, has secured Ā£9m in new funding. First reported by Sky News, the app, which links existing payment cards to various loyalty programmes, has had a cash boost, with the bulk of new funds (Ā£7.5m) coming from existing investors of Bink’s ... Read more ›

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UK Tech News
Molly Johnson-Jones @ UK Tech News Ā· 03/27/2023 05:42 EDT

Finance won’t find real gender diversity while toxic cultures still exist

Over the last year, 58% of UK financial services board appointments were female, ahead of the Europe-wide average of 50%. The gender diversity data, published by EY, is encouraging for the finance world. Seeing figures of female parity – and even majority – is rare.Ā  But there’s a danger to the data here, too. It’s ... Read more ›

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UK Tech News
George Simister @ UK Tech News Ā· 03/27/2023 05:32 EDT

Microsoft launches effort to support digital skills in Manchester

The Greater Manchester Combined Authority (GMCA) has joined forces with Microsoft in a three-year digital skills partnership. A three-year Memorandum of Understanding (MoU) by Microsoft and GMCA aims to underpin 30,000 people entering the tech and digital space in the region. Councillor Eamonn O’Brien, GMCA, said: ā€œGreater Manchester is the fasting growing tech hub in ... Read more ›

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UK Tech News
Oscar Hornstein @ UK Tech News 3 place Ā· 03/27/2023 05:26 EDT

Trustpilot wins lawsuits against companies submitting fake reviews

London-listed review site Trustpilot has won two lawsuits against companies accused of posting fake reviews to its platform. Trustpilot, which was listed on the London Stock Exchange in its 2021 IPO, has faced criticism for fake company reviews since its foundation. Now, for the first time, the consumer feedback service was able to combat this ... Read more ›

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UK Tech News
Oscar Hornstein @ UK Tech News Ā· 03/27/2023 04:22 EDT

The International Technology Strategy explained

The government wants to make the UK a ā€œtech superpowerā€ by 2030. In its latest effort to meet this ambitious goal, the government has published an International Technology Strategy that will form a roadmap for its actions overseas. Following the release of the National Quantum Strategy, as part of the Spring Statement, the new International ... Read more ›

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UK Tech News
Bitget @ UK Tech News Ā· 03/27/2023 01:00 EDT

High yield and principal guaranteed: Introducing Bitget Shark Fin

Leading crypto exchange Bitget.com is already well known for its trading products, easy on-off ramp fiat solutions and copy trading platform. But what are the other products the exchange offers? Bitget Shark Fin is a crypto product that combines a high annual yield rate (APR) with financial trading products highly popular within the crypto markets. ... Read more ›

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UK Tech News
Oscar Hornstein @ UK Tech News 1 place Ā· 03/24/2023 13:52 EDT

Hadean raises £4m for metaverse infrastructure tech

Hadean, a London-based metaverse startup, has raised $5m (Ā£4.09m) to build out its immersive infrastructure. Hadean develops web3 components that are used to develop metaverse experiences. The company was founded with the goal of expanding the scale of immersive experiences, which despite Facebook’s expensive push into virtual reality, have so far been limited. ā€œOur objective ... Read more ›

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UK Tech News
George Simister @ UK Tech News 2 place Ā· 03/24/2023 08:33 EDT

Tech Nation final report launch: A glass dome of ā€˜mixed emotions’

Rain drizzled down on the glass-domed roof of the ABC Building in Manchester city centre as Tech Nation CEO Gerard Grech delivered the growth network’s final report before its impending closure. During a maximum capacity event on Thursday afternoon, Grech and the Tech Nation team unpacked the findings from its last report, which estimates that ... Read more ›

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UK Tech News
Oscar Hornstein @ UK Tech News 1 place Ā· 03/24/2023 07:20 EDT

Fitness app GoJoe raises £1.2m in round featuring ex-Manchester United star

London-based fitness app GoJoe has secured Ā£1.2m in funding, including backing from former Manchester United player Michael Carrick, as it looks to scale the B2B side of the business. Founded in 2018, GoJoe is a social fitness app that aims to cater to both consumers and businesses and is looking to replace traditional workplace wellness ... Read more ›

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UK Tech News
Oscar Hornstein @ UK Tech News Ā· 03/24/2023 06:56 EDT

Sibstar launches card to protect finances of people with dementia

Southampton-based fintech startup Sibstar has launched a payment card that aims to protect the finances of people living with dementia. Sibstar’s card comes with features to keep the money of vulnerable people secure as their ability to manage their finances deteriorates. Users can add a supporter, such as a trusted family member, to manage the ... Read more ›

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UK Tech News
Robert Scammell @ UK Tech News Ā· 03/24/2023 06:25 EDT

Space DOTS founder: ā€˜I say no to anything that doesn’t support growth or wellbeing’ – Fi5

Bianca Cefalo is the co-founder and CEO of Space DOTS, a startup building modular devices for companies to test materials in space. Founded by Cefalo and James Sheppard Alden in 2021, Space DOTSā€˜ first product, the Barnacle DOT, is a 10cm x 10cm x 1cm module that hitches a ride on rocket missions to provide ... Read more ›

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UK Tech News
Robert Scammell @ UK Tech News Ā· 03/23/2023 13:06 EDT

Investors slam Steven Bartlett’s ā€˜vulture’ Flight Fund terms

Founders and investors have criticised Steven Bartlett’s recently launched startup fund after pitch decks emerged showing it is asking for discounted valuations on investments in exchange for access to the Dragon’s Den star’s ā€œnetworkā€. The slide deck, posted to equity crowdfunding platform Seedrs but since removed, show that Bartlett’s Flight Fund is looking to invest ... Read more ›

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UK Tech News
Robert Scammell @ UK Tech News 3 place Ā· 03/23/2023 08:04 EDT

DSW Ventures launches fund to address startup ā€˜regional imbalance’

VC firm DSW Ventures is launching a Seed Enterprise Investment Scheme (SEIS) to invest in early-stage startups across the UK that are ā€œoutside of the London-Oxbridge golden triangleā€. Manchester-based DSW Ventures, the venture capital division of financial advisory firm Dow Schofield Watts group, said it plans to raise ā€œup to Ā£2mā€ for the new fund. ... Read more ›

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UK Tech News
George Simister @ UK Tech News 1 place Ā· 03/23/2023 06:44 EDT

CMA flags competition concerns over Broadcom’s VMware takeover

The UK’s competition regulator has expressed concerns over Broadcom’s $61bn takeover of VMware. The deal could stop Broadcom from providing VMware-compatible hardware components to its rivals, the Competition and Markets Authority (CMA) said after concluding its phase one investigation. US-headquartered Broadcom produces semiconductors and infrastructure software, while VMware, also US-headquartered, provides virtualisation and cloud technology. ... Read more ›

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UK Tech News
George Simister @ UK Tech News Ā· 03/23/2023 06:06 EDT

Atlantic Money takes Wise dispute to European Commission

Atlantic Money is taking its dispute with British fintech Wise to the European Commission after Wise delisted the payments firm from its price comparison tool. It is an escalation of the clash between the two fintech companies after Atlantic Money wrote to the Competition and Markets Authority (CMA) regarding the issue in January. Neeraj Baid, ... Read more ›

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UK Tech News
George Simister @ UK Tech News 3 place Ā· 03/22/2023 20:01 EDT

UK tech could reach $4tn with right support, says final Tech Nation report

Tech Nation is calling for ā€œtangible supportā€ for the UK’s tech ecosystem, which the startup growth network estimates could help quadruple the industry’s value to $4tn by 2032. The report, Tech Nation’s last before it closes this month, estimates that the UK tech sector will grow to $2.6tn by 2032 if conditions and momentum for ... Read more ›

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