London-based Fundpath, which has developed software to connect fund buyers with asset management firms, has secured a £4m investment from Fuel Ventures. Fundpath’s platform acts as a database containing the preferences of fund buyers and filters out asset management firms that do not meet their criteria. “Our mission is to bridge the information disconnect between ... Read more ›
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Aerospace company Rolls-Royce has received a further £2.9m in funding from the UK Space Agency to develop its micro space reactor that could be used by astronauts to power communications and life support on the Moon. The funding for Rolls-Royce’s space reactor follows on from the £249,000 it received from the UK Space Agency last ... Read more ›
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The UK’s competition regulator has raised concerns that a £1.2bn merger of two data firms based in the US and UK could result in higher costs for the NHS. UnitedHealth, a US-based firm that provides data services to healthcare providers, announced plans to take over the competing Leeds-based firm EMIS back in June 2022. However, ... Read more ›
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Generative AI tools developed by London-based startup Synthesia have been used to create realistic but false news reports in Venezuela, reminding the world of the complex ethical concerns surrounding the much-hyped technology. Several online videos showed realistic-looking TV reporters supporting Venezuelan President Nicolás Maduro. The AI-generated propaganda videos, which were uploaded to a YouTube channel ... Read more ›
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Volodymyr Levykin is the CEO and founder of Skyrora, a British rocket company building launch services for small satellites. Edinburgh-headquartered Skyrora became the first company to complete a successful integrated rocket stage test in the UK since the 1970s, and has completed four suborbital rocket launches. While a test flight crashed in the Norwegian Sea ... Read more ›
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New York transport software company Via has acquired the navigation app Citymapper for an undisclosed sum. Via’s acquisition of Citymapper is funded by a $110m (£90.5m) round at a $3.5bn valuation last month. Via said at the time it would use this to grow its portfolio. Whilst Citymapper’s total funding remains unknown, it has previously ... Read more ›
0
What a crazy weekend. The global tech ecosystem spent 48 hours in a spiral of panic because of Silicon Valley Bank’s downfall. Founders, already fatigued by the many macroeconomic headwinds hitting them in 2023, were told that their cash reserves could disappear in front of their eyes over a rainy March weekend. A series of ... Read more ›
5
British Patient Capital will continue backing later-stage UK companies up until 2033 after the government extended its mandate in the Spring Statement. It extends British Patient Capital’s runway five years past the originally planned 2028 end date. Louis Taylor, CEO of British Business Bank, said: “This extension, and the agreement in principle to recycle our ... Read more ›
0
Social media app TikTok has been banned from UK government devices as a data security measure due to concerns over the app’s connections to the Chinese state. The popular short-form video-sharing app, which has more than 3.5 billion downloads globally, is owned by Beijing-based tech giant ByteDance. While the company has denied allegations that the ... Read more ›
6
Virgin Orbit has suspended all of its operations and furloughed employees as it scrambles to find further funding in the wake of its unsuccessful launch from Spaceport Cornwall last month. A small percentage of its employees will remain at work while it seeks further investment. According to reports, Virgin Orbit CEO Dan Hart told staff ... Read more ›
3
The London Stock Exchange has held an event to “celebrate” the impact of entrepreneur network Tech Nation ahead of its wind-down later this month after more than a decade supporting startups across the UK. The British public market yesterday welcomed the Tech Nation team to highlight the companies that have passed through its Future Fifty ... Read more ›
3
Seldon has raised $20m (£16.6m) in Series B funding led by Bright Pixel for its machine learning operations platform. Founded in 2014, Seldon’s Series B investment has further come from AlbionVC, Cambridge Innovation Capital, and Amadeus Capital. “Seldon has differentiated itself by presenting a unique solution that is able to reduce the friction for users ... Read more ›
2
The UK’s tech ecosystem has welcomed a raft of measures announced by Jeremy Hunt in the 2023 Spring Budget, but the chancellor is facing criticism from some quarters over “notable omissions” and policies they say do not go far enough. On Wednesday Hunt outlined measures including a business expensing programme, confirmation of 12 regional investment ... Read more ›
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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 ›
2
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 ›
2
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 ›
0
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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28.06.2026 21:27
Last update: 20:50 EDT.
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