The “second wave” of crypto will be regulated and more environmentally friendly, according to Starling Bank CEO Anne Boden. Speaking on the UKTN Podcast, Boden explained that the crypto industry is currently “lacking sufficient practical and moral purpose”. The lack of safeguards in the cryptoasset industry has led to numerous scandals and controversies, including the ... Read more ›
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ServCity, a Nissan and government-backed autonomous driving project, has finished after three years and racking up 1,600 test miles. Taking place in Greenwich, London, the project was carried out using a Nissan LEAF electric car to create a “blueprint” on how cities around the country could eventually integrate self-driving vehicles and the feasibility of “robotaxi” ... Read more ›
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John Ridd is the co-founder and CEO of Greenpixie, a platform that measures cloud computing carbon emissions. Greenpixie has created a dashboard to analyse and track CO2 emissions, integrating with cloud providers such as Amazon Web Services and Microsoft Azure to calculate emissions based on usage data. The platform also provides data for businesses looking ... Read more ›
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Pydantic, an open-source Python library, has been backed by US tech investment giant Sequoia to the tune of $4.7m (£3.9m). Pydantic is used by coders to convert external datasets into the correct format and prevent the programme from crashing. A Python library is a reusable chunk of code that developers can draw upon instead of ... Read more ›
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London-founded web3 startup Nefta has received $5m (£4.2m) in a seed investment round, with $2.5m (£2.1m) coming from Play Ventures’ Future Fund. Nefta provides various tools such as digital assets, multi-chain wallets and tokens for businesses to create their own web3 games. “With their support, we’re able to power the next evolution of game economies, ... Read more ›
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Digital bank Zopa has acquired the Newcastle-under-Lyme, Staffordshire-based buy now pay later (BNPL) company DivideBuy for an unspecified amount. Zopa’s first acquisition comes fresh off the back of its £75m round this month, where the fintech said it would spend funds on its “growing balance sheet” and “M&A dealmaking”. Its acquisition of DivideBuy after its ... Read more ›
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A Cambridge-based biotechnology company founded by a Nobel Prize winner has closed £13m in Series A funding led by LifeArc Ventures, with contributions from Monograph Capital and BGF. Cambridge-based Maxion Therapeutics will put the capital towards its antibody drugs treating “ion channels and G-protein-coupled receptors”, which are the cell surface proteins associated with diseases such ... Read more ›
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B2B fintech startup Sikoia, which provides customer onboarding and risk assessment data to financial institutions, has raised $6m (£4.9m) in a seed funding round. Sikoia has created a customer dashboard that centralises the financial and identity dataset for clients, with the goal of streamlining verification and monitoring. Its founders launched the startup in 2020 with ... Read more ›
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AI startup QiO Technologies has closed $10m (£8.3m) in a Series B round led by US venture capital firm WAVE Equity Partners. Hampshire-headquartered QiO’s AI tools are used by industrial firms, data centres and telecoms to decrease greenhouse gas emissions and operate more sustainably. Rick Haythornthwaite, co-founder and chairman, QiO Technologies, said: “Energy-intensive industries and ... Read more ›
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VivaCity, a London-based transport technology startup, has raised £7m as it looks to bring its AI traffic optimisation platform to North America. The startup uses AI sensors to gather data on transport modes, traffic flow, and travel patterns to provide insight into transport network planning. VivaCity works with local council authorities that are looking to ... Read more ›
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Microsoft co-founder Bill Gates and Prime Minister Rishi Sunak have given their support to Cleantech for UK, a new partnership between cleantech investors and entrepreneurs. The new cleantech initiative, which reportedly has over £4bn in funds, has been launched in a bid to support the UK’s scientific research and was unveiled on Wednesday afternoon at ... Read more ›
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In the digital age, companies need to be prepared for change. Recent research by the World Economic Forum found that 87% of companies said digital will disrupt their industry – but only half said they’re prepared. According to the Sloan Management Review, only 7% of companies are led by digitally competent teams, which is a ... Read more ›
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Investment into the UK’s cultivated meat sector soared by 400% in 2022, but industry figures have warned that regulation may be stifling growth and causing startups to look overseas. The data, released by the Good Food Institute, a non-profit think tank, found that between 2021 and 2022, investment in the cultivated meat sector in the ... Read more ›
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Founders, CEOs, and UK tech investors have called on the newly established Department for Science, Innovation and Technology (DSIT) to address five “urgent issues” to support UK innovation. A joint letter, seen by UKTN, was signed by more than two dozen figures in UK tech investment, including chief executives from SFC Capital, Triple Point Ventures, ... Read more ›
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‘Partner Provided Content’ Almost the entirety of the UK has access to the internet, with around 62.86 million monthly users in 2021. And with a new year just starting out, it’s a good time to consider upgrading your broadband plan for 2023. Because of new technologies, faster speeds, and more flexible packages available, it can ... Read more ›
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Oxford-based startup Lumai has been awarded a £1.1m grant from Innovate UK for its optical computing technology. Optical computers use light waves to perform computations, whereas traditional computers use electricity. Lumai is developing “all-optical neural networks” that it says are “1000x faster” compared to conventional transistor electronics. The University of Oxford spinout plans to use ... Read more ›
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Virgin Orbit has revealed that a dislodged fuel filter part was the cause for its unsuccessful satellite launch from Spaceport Cornwall last month. On 9 January, Virgin Orbit’s retrofitted Boeing 747, nicknamed “Cosmic Girl”, took off from and returned to Spaceport Cornwall. However, the LauncherOne rocket onboard malfunctioned and did not reach its target orbit. ... Read more ›
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The UK financial watchdog, along with West Yorkshire Police, has conducted a raid on several sites in Leeds suspected of hosting illegal crypto ATMs. The Financial Conduct Authority (FCA) has gathered evidence from these sites, working with the Digital Intelligence Investigation Unit department of West Yorkshire Police. Crypto ATMs are physical locations that are used ... Read more ›
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Counteract, a climate tech investor, has closed its first £15m for a fund to support the carbon removal industry. First reported by Sifted, The Counteract carbon removal fund has a goal value of £35m to go towards startups offering innovative solutions to reducing the amount of excess CO2 in the atmosphere. Counteract has set clear ... Read more ›
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Atom Bank boss Mark Mullen has offered a clear indication that the fintech is sticking with London for its highly anticipated IPO, likely to take place this year. “We are focused on putting the bank in a position where we can list and our assumption, our plan, is to do so in the UK, in ... Read more ›
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15.06.2026 05:50
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