Drone infrastructure startup Skyports has set up two offices in South Korea after signing a joint venture with Marine Drone Tech (MDT). Skyports designs and builds vertiports for drone take-off and landing. It also provides drone delivery services. “Korea is a market that is well-known for its forward-thinking and innovative technology ecosystem. Our partnership with ... Read more ›
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London-based startup CyberSmart has secured £12.75m in Series B funding for its cybersecurity and insurance products for SMEs. “SMEs are notoriously under-protected from the rising cyber threat, and existing cybersecurity and insurance propositions are neither fit for purpose nor affordable,” said Phil Edmondson-Jones, partner at Oxx. “We have spent a long time searching for the ... Read more ›
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Online car marketplace Cazoo has sold off its data platform Cazana to a mystery buyer for an undisclosed figure. Selling off Cazana comes as part of the Cazoo withdrawing from the European market to focus solely on its car buying and selling in the UK. UKTN has contacted Cazoo for clarification on who the data platform ... Read more ›
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Sprout, a London-based investment platform aiming to support “underserved” private investors, has raised $1m (£831,000) in a funding round shared exclusively with UKTN. Launched in 2021, Sprout aims to “bridge the gap” between VC firms and individual investors that are keen to back startups, but “priced out” by minimum requirements. Sprout works with VC firms ... Read more ›
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Putting aside their political differences, former Labour Prime Minister Tony Blair and former Conservative Party leader William Hague have come together to jointly advocate for the UK to roll out digital IDs. Writing together in The Times, the former political rivals said that investment into science and technology was essential to achieve bipartisan success in ... Read more ›
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Edinburgh-based Archangels has “deep pockets” and “a lot of patience”, says David Ovens, joint managing director of the business angel syndicate. The syndicate has been investing in Scottish tech and life science for more than 30 years, starting with an £80,000 investment into medtech company Optos in 1992. The company later floated on the London ... Read more ›
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There is a great danger in “a single story”, says the novelist Chimamanda Adichie. If we hear only a single story about another person, group, culture or country, we risk critical misunderstandings. For employers, and tech businesses, this is a pertinent issue – failure to mitigate against this risk could result in talent pouring out of ... Read more ›
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Barclays Eagle Labs has said it is ready to support the UK tech industry and win over critics who think it’s “the bogeyman” after the government awarded it a £12m grant that resulted in Tech Nation shutting down operations. In January the government awarded Barclays Eagle Labs the Digital Growth Grant – worth £6m per ... Read more ›
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The number of tech companies incorporated in the UK increased by 22% last year, according to recent data. According to Companies House data, found by accounting firm RSM UK, 46,474 tech companies were incorporated in the UK in 2022, compared to 38,240 the year before. The figures from 2022 are almost double that of 2020, ... Read more ›
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Electric vehicle maker Arrival has secured up to $50m (£41.4m) by issuing shares to Antara Capital Master Fund LP. The firm has also issued $121.9m (£100.2m) in debt to Antara in return for 219.42 million shares in the company. Arrival says this move “significantly” reduces its debt position and helps liquidity. “Today’s agreements are an ... Read more ›
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The UK is at risk of “losing out” to the US and China if it does not provide adequate support to the artificial intelligence sector, according to BT’s AI head. Adrian Joseph, chief data and AI officer at BT, told a parliamentary meeting of the Science and Technology Committee that the global tech industry is ... Read more ›
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Kita, a London-based insurtech focused on reducing the risks associated with carbon purchases, has secured a £4m funding round. Founded in 2021, Kita believes that insurtech is a key way to achieve carbon emission removal goals that are essential to combating climate change. “To prevent the worst impacts of climate change, we must remove gigatons ... Read more ›
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Cambridge-based investment firm Amadeus Capital is partnering with Apex Ventures to launch a new €80m (£70.3m) deep tech fund. The joint fund will target early-stage companies with investments of around £1m at the seed and Series A stage. The two VC firms said they will look for deep tech startups with “unique and defendable technology”. ... Read more ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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29.06.2026 02:15
Last update: 02:10 EDT.
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