The Financial Conduct Authority (FCA) has defended its role in the failed attempt to convince the Cambridge-based semiconductor designer Arm to IPO in London. The destination of the IPO for Arm, which is owned by the Japanese conglomerate SoftBank, has been the subject of considerable attention from UK politicians including Prime Minister Rishi Sunak, who ... Read more ›
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A startup making heads-up displays to project holograms in vehicles has attracted investment from Jaguar Land Rover and Hyundai Mobis in a $50m (£42.2m) funding round. Envisics has developed display digital graphics to layer on top of the real world to provide information such as vehicle information and navigation assistance. The Milton Keynes-based company is ... Read more ›
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Lloyds Banking Group has invested £10m into digital ID company Yoti to develop its app-based identity verification software, which is launching later this year. Yoti develops digital-based checks for age, identity, signatures, multi-factor authentication and its own digital ID service. Its digital verification technology is used by Instagram for age verification, the Post Office for ... Read more ›
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The UK tech industry has made great strides in improving female representation in the workforce, providing better funding opportunities for women, and reducing the gender pay gap. But for all the progress in recent years, the data doesn’t lie – and it shows there is still a long way to go. Achieving gender parity in ... Read more ›
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The government is attempting to push through reforms of the UK’s data laws in parliament today to provide an alternative to EU data protection rules. Technology Secretary Michelle Donelan said the reformed Data Protection and Digital Information Bill will be “tailored to the UK’s own needs” and cut “red tape” for businesses. The proposed legislation ... Read more ›
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Tech startups in the UK are paying women 26% less than their male counterparts, the highest unadjusted gender pay gap in Europe. The figures, published on International Women’s Day, show that women working in the UK tech industry are on average paid 74p for every £1 earned by men. The tech gender pay gap is ... Read more ›
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British Business Bank has unveiled a £70m Northern Ireland fund to invest in small business growth as part of its regional investment strategy. The Northern Ireland fund will launch in the autumn and supply equity investments up to £5m and loans ranging from £25,000 to £2m. Ken Cooper, MD of venture solutions at the British ... Read more ›
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UK authorities have continued a crackdown on illegal crypto ATMs with an investigation into several sites in London that are suspected of hosting the unregistered technology. The Financial Conduct Authority (FCA) has been working with regional police services to conduct investigations into illegal crypto ATMs throughout 2023. The financial watchdog supported a raid by West ... Read more ›
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Patchworks, a company providing ecommerce software tools to retailers, has raised £4m as it brings in a new CEO. The London and Nottingham-based company has been providing clients with ecommerce integration tools since 2014 and is now looking to scale product development with the new cash injection. Patchworks customers use its software to integrate some ... Read more ›
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The majority of equity funding continues to go to companies founded by men – particularly those at a later stage. In fact, just 9% of the UK’s tech unicorns – private companies with a valuation of $1bn or more – were founded by women. But things are slowly changing, and the signs are a bit ... Read more ›
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Here we are, once again on International Women’s Day, looking at gender disparity within the tech industry and tech roles. Overall, it feels like society is shifting in the right way, with positive changes to societal attitudes around gender stereotypes as well as a greater awareness around mental health issues, along with issues that face ... Read more ›
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UK tech companies founded by women last year secured £3.6bn in venture capital funding in 2022, an increase of £700m on the year prior. Data released by the newly formed Department for Science, Innovation and Technology (DSIT) found that eight female-founded UK tech firms secured more than $100m (£83.2m) last year. However, the findings show ... Read more ›
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Threecolts, a London-based ecommerce platform founded by a former Amazon partner lead, has raised $90m (£75.4m) after completing a Series A funding round. Founded in 2021 by former Amazon API partner lead of EMEA, Yoda Yee, Threecolts develops management software for ecommerce brands and individual merchants to run their Amazon sales channels. Yee’s background working ... Read more ›
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Online content moderation startup Unitary has raised $8m (£6.7m) from Plural and various angel investors, including former Facebook executive Carolyn Everson. Unitary’s computer vision model aims to automate content moderation for social networks, advertising and media businesses. Unitary’s founders Sasha Haco and James Thewlis originally met in 2019 on Entrepreneur First’s accelerator programme. “Online platforms ... Read more ›
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London-headquartered fintech Abound has scooped £500m in a combination of debt and equity financing for its AI-powered lending platform. Using open banking technology and AI, Abound says it gets a “holistic” view of a person’s finances such as income, expenses and earnings to determine the borrowing rate for its loans. “Our approach to lending remains ... Read more ›
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Southampton-based climate tech startup ViridiCO2, which focuses on the decarbonisation of the chemical industry, has closed a £3m seed round. Formed as a spinout from the University of Southampton, ViridiCO2 develops carbon capture technology, a method of decarbonisation that takes and stores CO2 emissions in an environmentally friendly way. ViridiCO2 is looking to decarbonise the ... Read more ›
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London-based startup Griffin has become the latest fintech to secure a banking licence, albeit with restrictions, after receiving the regulatory nod from the Financial Conduct Authority (FCA). Griffin applied for a UK banking licence last year, which it announced alongside its £12.5m funding round in July. Despite reaching the regulatory milestone, Griffin faces some restrictions ... Read more ›
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Reading-headquartered software company DiffusionData is creating an engineering and testing facility in Newcastle following a £1m raise from venture capital firm Maven. DiffusionData will establish the new facility at The Core in Newcastle City Centre, where it will hire 10 additional employees. Grethe Brown, CEO, DiffusionData, said: “Our key customers are expanding their use of ... Read more ›
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Will conversational AI models like ChatGPT be integrated into companion robots? Do they need to be? William Sachiti, the CEO and founder of the Academy of Robotics, shares his view on these questions in the latest episode of the UKTN Podcast. Sachiti is a serial entrepreneur and inventor who moved to the UK from Zimbabwe ... Read more ›
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Northern Irish autonomous recycling startup REP-TEC has been granted a £300,000 loan to add 15 people to its current headcount of 23. Based in County Tyrone, Northern Ireland, the startup’s products include a robotic system that uses computer vision to separate materials such as glass and metal from waste. It also makes automatic balers and ... Read more ›
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15.06.2026 02:24
Last update: 02:11 EDT.
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