Motor finance company Carmoola has picked up £8.5m in Series A funding in addition to a £95m debt facility to increase its headcount and scale the business. The London fintech attracted capital from lead investor QED Investors, along with previous contributors VentureFriends and Jaguar Land Rover’s investment division InMotion Ventures. Its debt financing came from ... Read more ›
15
Scottish data analytics startup Topolytics has secured a £1.5m funding boost as it prepares to launch its waste management product and expand the business. The Edinburgh-based company was founded in 2013 to use data analytics to monitor and reduce the amount of waste produced by organisations. Topolytics provides clients with insights into the handling and ... Read more ›
3
Facebook parent company Meta has held off a UK lawsuit, which was filed against it over alleged abuse of market dominance in the monetisation of user data. Meta has faced a number of data lawsuits across multiple international territories, having already been slapped with a £346m fine by the Irish data regulator less than a ... Read more ›
2
Fresh off the back of launching an early-stage deep tech fund, Silicon Roundabout Ventures has partnered with crowdfunding platform Seedrs to create a “super angel” syndicate fund to focus on European and UK startups. Shared exclusively with UKTN, the syndicate limited partnership with Seedrs is the same “underlying fund” as the Silicon Roundabout Ventures fund announced ... Read more ›
2
AeroCloud, an airport management platform that uses AI to track and oversee flights, has raised $12.6m (£10.5m) in Series A funding. Macclesfield-headquartered AeroCloud’s software is used by 42 airports in the US, Europe and the UK, including Manchester Airport. The platform, which also provides passenger predictions and gate organisation, is used by airports to manage ... Read more ›
0
HedgeFlows, an SME fintech platform to manage foreign payments, has launched today backed by £2m in funding. Founded by two former bankers, HedgeFlows’ platform manages cashflows, invoices, and international payments for SMEs. The company claims its multi-currency accounts make it easier for businesses to manage trade across all of their international markets. The platform also ... Read more ›
2
British automotive manufacturer Jaguar Land Rover is opening three self-driving hubs across Europe and hiring 100 engineers to advance the technology for use in its own vehicles. The new Jaguar Land Rover self-driving hubs will be situated in Germany, Italy and Spain due to the respected areas’ access to engineering talent. Thomas Müller, product engineering ... Read more ›
1
How do you make the step from academia to entrepreneurship? That’s one of many topics that Dr Giorgia Longobardi, co-founder and CEO of Cambridge GaN Devices, dives into in the latest episode of the UKTN Podcast. Longobardi co-founded Cambridge GaN Devices (CGD), a fabless semiconductor company, in 2016. It is developing transistors that use gallium ... Read more ›
1
Banks and fraudsters are engaged in a never-ending game of cat and mouse. On one side, fraudsters move money around to remove traces of criminality. On the other, banks are on the lookout for suspicious activity that indicates financial fraud. “Criminals put money through the financial system in a series of layers to mask its ... Read more ›
11
The UK’s quantum computing sector has been handed a major boost in the form of a £42m funding round for London-based Quantum Motion, a startup using “chips similar to those in a phone” for quantum computers. The investment represents the largest-ever funding round for a UK quantum startup, beating the £38m raised by Oxford Quantum ... Read more ›
0
The Business Growth Fund (BGF) has revealed that it invested £69m into early-stage UK and Ireland tech companies last year. The majority of investments made from the fund went toward firms working in deep tech, life sciences in addition to climate and sustainability. “In 2022 we saw a broad spectrum of earlier stage opportunities across ... Read more ›
0
The Business Growth Fund (BGF) has revealed that it invested £69m into early-stage UK and Ireland tech companies last year. The majority of investments made from the fund went toward firms working in deep tech, life sciences in addition to climate and sustainability. “In 2022 we saw a broad spectrum of earlier stage opportunities across ... Read more ›
13
The UK represented only 0.3% of global patents in the semiconductor industry last year, despite a surge in new technologies in the sector, new research has found. Intellectual property law firm Mathys & Squire has found that the number of newly filed patents in the semiconductor sector rose by 59% in the last five years, ... Read more ›
0
The Law Commission has published its review of remote driving in the UK and has given guidance on how it should be regulated. Its paper states that the current laws surrounding remote driving technology are too vague when the vehicles cannot be seen by the driver and suggest a new prohibition measure “immediately”. This new ... Read more ›
0
London-based fitness tech developer Quell has closed a $10m (£8.3m) Series A funding round in support of its gamified exercise product. Looking to combine video games and exercise, Quell follows on from the tradition pioneered by the likes of Nintendo’s Wii Fit and Xbox Kinect. The difference, according to Quell, is in its ability to ... Read more ›
106
Party leaders, cabinet members, and MPs across the House have spoken loudly and clearly on the importance of innovation, technology and entrepreneurship to the UK’s growth strategy. In a speech last month, Chancellor Jeremy Hunt reminded us that the UK ranks fourth on the Global Innovation Index and made clear his ambition to make the ... Read more ›
1
Compared to the dizzying, cheap-capital-fuelled heights of 2021, London’s IPO markets had a relatively slow 2022. Just 45 companies across all sectors completed an IPO in London last year, compared to 126 in the year prior. Global conflict, political instability, and spiralling inflation – among other factors – have contributed to last year’s slowdown in ... Read more ›
0
Cazoo has sold its German subscription company Cluno just two years after acquiring it, in the used car marketplace company’s latest retreat from the European market. The sale to ViveLaCar and The Platform Group for an undisclosed sum follows Cazoo’s announcement last September that it is withdrawing from Europe to solely focus on the UK ... Read more ›
0
Dronamics, a company making autonomous cargo drones, has landed $40m (£33.5m) in pre-Series A capital from investors including Founders Factory and Speedinvest. The London-based company is developing the Black Swan drone, designed to carry cargo weighing up to 350kg over ranges of up to 2,500km. Dronamics is targeting the same-day, long-distance delivery market for industries ... Read more ›
0
These days, data breaches regularly make the news cycle: last March Microsoft was targeted, with Cortana and Bing compromised by hackers. The company acted swiftly and shut the attempt down, but Crypto.com wasn’t so lucky when it was breached: hackers stole cryptocurrency from customers worth $35m. In 2022, T-Mobile settled a data breach from the ... Read more ›
0
Most popular sources
Vox
|
0% |
Tom's Hardware
|
0% |
Ars Technica
|
0% |
Droid Life
|
0% |
CNET
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
15.06.2026 05:50
Last update: 05:45 EDT.
News rating updated: 12:43.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.