Autonomous delivery robots are set to begin operating in Greater Manchester as part of a partnership between the Co-op and robotics firm Starship Technologies. Based in San Francisco, Starship Technologies has grown a significant UK presence since it was founded in 2014 by former Skype employees. The US tech company has previously deployed delivery robots ... Read more ›
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London-based Gener8, a privacy platform that’s received financial backing from ex-football manager Harry Redknapp and musician Tinie Tempah, has secured an additional £5.1m in funding at a valuation of £30m. Gener8, which has developed software that lets people block websites from tracking them, will use the funds to launch its mobile app. Users can choose ... Read more ›
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Digital health platform HelloSelf, which provides access to clinical therapies, has landed $20m (£16.6m) in a Series B funding round led by Octopus Ventures. London-based HelloSelf uses AI to match patients with therapists and to calculate the impact of recommendations. It also provides access to clinical psychologists, counselling psychologists and CBT therapists. “HelloSelf is about ... Read more ›
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Chancellor Jeremy Hunt has announced a partial reversal to R&D tax credit cuts in the Spring Budget after facing months of pressure from startup advocacy groups. Startups had warned that the cuts, first announced by Hunt last November in the Autumn Statement, would hinder growth for early-stage and research-intensive tech companies. The measures were originally ... Read more ›
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Jeremy Hunt has delivered the 2023 Spring Statement amid a challenging economic climate, with businesses watching closely for measures affecting the UK’s tech industry. From R&D tax credits, business rates, Investment Zones, and funding for quantum computing and AI, here is a recap of the spring budget measures that UK tech needs to know. Investment ... Read more ›
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Northern Ireland technology companies raised a record £139m in 89 deals from venture capital firms in 2022, bucking the trend of investment levels falling across the UK as a whole. It marks a 29% increase on the year prior, in which investors deployed £107m across 68 deals and three times 2019’s total of £44.3m. Across ... Read more ›
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Yorkshire-based Eventum Orthopaedics has raised £2.5m in a Series A round for its knee replacement surgery device that lets orthopaedic surgeons record the strength of a person’s quadriceps muscle. The measurement can assist surgeons when positioning a person’s kneecap during knee replacement surgery. John Naybour, CEO and co-founder, Eventum Orthopaedics, said: “We are now excited ... Read more ›
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Binance, one of the largest cryptoasset exchanges in the world, has once again been forced to halt transactions in pound sterling. The China-founded crypto firm has been in and out of regulatory trouble in Britain. It was previously banned from UK activities by the Financial Conduct Authority (FCA) in 2021. Binance resumed its UK business ... Read more ›
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FrontM, a startup developing software services for ships, has secured $1.5m (£1.2m) in a pre-Series A funding round. The company was founded to increase the communication and connectivity capabilities of maritime operations. Ships using the FrontM app can access features including video conferencing, tracking and monitoring, and remote assistance that connect those in offices to ... Read more ›
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London-based nutrition startup ZOE has secured £2m from the Flight Fund, founded by Dragon’s Den star Steven Bartlett. Launched in 2017, ZOE was co-created by a data science expert to create data-driven personalised nutrition programmes that aim to improve the health and well-being of users. ZOE offers in-depth tests that are taken at home and ... Read more ›
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The UK should not be aiming to become the “next Silicon Valley” and should instead “play to our strengths” and give more support to deep tech companies, according to a fund manager at Octopus Ventures, one of the country’s most active tech investors. Chancellor Jeremy Hunt has said on several occasions that he wants to ... Read more ›
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Tech startups around the UK have let out a collective sigh of relief following HSBC’s purchase of Silicon Valley Bank UK and are now resuming business operations in the shadow of a near-missed disaster. The last-ditch deal, confirmed on Monday morning after a whirlwind weekend of government crisis talks, fully protected deposits of startups across ... Read more ›
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Legislate has raised $3.6m (£3m) in seed funding for its software that scans a company’s database of contracts using knowledge graph technology. Knowledge graphs are a way of visually displaying information held within a database. The legal tech startup’s platform also provides tools to automate due diligence checks. Charles Brecque, founder of Legislate, said: “For ... Read more ›
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The government is expected to double down on its support of the quantum computing sector with a £2.5bn investment programme. The quantum plan, which will be over the course of 10 years, is a major boost from the £1bn programme revealed as part of the UK quantum strategy in February 2022 under former Prime Minister ... Read more ›
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Chancellor Jeremy Hunt will look to support the development of English tech hubs clustered around universities with an almost £1bn Investment Zone plan. The funding pledge will form part of a plan to create Investment Zones aimed at boosting money flowing into 12 different regions, with each set to benefit from £80m in support. The ... Read more ›
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Embattled EV startup Arrival has raised $300m (£246.5m) from Westwood Capital but is seeking even more funding as it looks to slow the rate it burns through cash and start production. Arrival said the new cash influx extends its runway to “late 2023”. The company is aiming to start production of its Class 4 XL ... Read more ›
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London-based VC firm Ada Ventures has revealed the second cohort of its angel investing programme with members spanning from across the UK. Each of the 20 members in the Ada Ventures angel programme will invest up to £50,000. Check Warner MBE, founding partner of Ada Ventures, said: “It is 65% female, 20% Black, 20% Asian, ... Read more ›
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Global warming is increasing climate volatility. That means more extreme weather events such as flooding, droughts and fires. How much of a role should the private sector play, through climate tech solutions, in reaching net zero targets compared to the government? This is one of the themes that Iggy Bassi, founder and CEO of Cervest, ... Read more ›
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Chancellor Jeremy Hunt will deliver the Spring Statement on Wednesday and is expected to unveil measures that aim to mitigate recent economic headwinds. The ongoing cost of living crisis and pay demands from public workers will likely be among the top concerns for Hunt in the mini-budget. However, the chancellor, fresh from securing political capital ... Read more ›
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Startups are gradually regaining access to funds held with Silicon Valley Bank UK after HSBC took over the collapsed bank in a last-ditch rescue deal. HSBC’s acquisition of California-based Silicon Valley Bank’s UK division protected thousands of startups from losing their deposits. The deal, announced Monday morning after a frantic weekend of government crisis talks, ... Read more ›
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15.06.2026 00:56
Last update: 00:50 EDT.
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