Sheffield-based encryption startup Sitehop has secured £1m from the NPIF – Mercia Equity Finance, a fund operated by Mercia that focuses on Yorkshire and the Humber and Tees Valley. The startup was co-founded in 2021 by Melissa Chambers and Ben Harper. Its encryption hardware manages that companies can plug into their networks to manage encryption. ... Read more ›
58
Scottish digital ticketing startup Fanbase has completed a £1m funding round from London-based investor SaltPay. The Edinburgh startup is developing mobile software that aims to improve the experience of fans buying tickets for sporting events. Fanbase said its goal is to create new revenue for sports organisations by easing the process of buying tickets and ... Read more ›
0
New York-headquartered Alloy has launched in the UK, establishing the fintech company’s first physical location outside of its home market. Last September, Alloy raised $52m (£43.1m) in Series C capital at a $1.55bn (£1.3bn) valuation. The company has created a single API that conducts know your customer and business, anti-money laundering and compliance checking for ... Read more ›
2
The Bank of England and the Treasury have released a consultation paper on the potential for a UK ‘digital pound’ or central bank digital currency. Research into the digital pound is now underway by the Bank of England and is asking for public opinions on the subject. Andrew Bailey, governor, Bank of England, said: “However, ... Read more ›
0
Revolut has added a crypto staking feature to its services in an expansion of the fintech’s move into the digital currency industry. The new Revolut crypto feature will allow customers who invest in cryptoassets to stake their assets for rewards. Crypto staking involves lending out assets to support the security of a blockchain network. The ... Read more ›
0
Online car marketplace Cazoo has confirmed it will be conducting a reverse stock split and expansion of its authorised share capital. Its board of directors have signed off for Cazoo to carry out a 1-for-20 reverse stock split at a value of $0.0001 per share. The decision for a reverse stock split was first announced ... Read more ›
2
Semiconductor firm Arm posted a 28% revenue surge in the last quarter, reaching £620m as it prepares for its public listing this year. Licensing revenue saw a major surge over the period, with a 65% increase. The update also noted a record number of microchips designed by Arm being shipped by clients over the quarter, ... Read more ›
2
The North East region has received the least support from the government’s Levelling Up Fund, according to a new report. Newcastle-based property developer Stripe has analysed the 216 bids that were successfully awarded funding through the £4.8bn Levelling Up Fund announced by the government in November 2020. The fund was created with the purpose of ... Read more ›
0
Over half of tech and science firms (53%) think the government should offer more motivation for them to keep manufacturing operations and headquarters in the country, according to new research. A survey commissioned by Pragmatic Semiconductor found that the majority (67%) of firms think that the government needs to set aside more than the currently ... Read more ›
17
Rishi Sunak is to create a new government department focused on science, innovation, and technology as part of his government reshuffle. The role of secretary of state for the new tech department will be taken by the head of the department for Digital, Culture, Media and Sport (DCMS), Michelle Donelan. DCMS has been up until ... Read more ›
0
London-based engineering startup Recycleye has secured a Series A funding round worth £14m as it develops its AI waste sorting robots. Founded in 2019, Recycleye deploys its automated tech to sort through waste to transform it into usable resources. The company claims its computer vision-powered robots can pick with more accuracy and consistency than humans. ... Read more ›
0
Deeptech startup Evonetix has landed $24m (£20m) in an extension investment round led by Foresite Capital, which brings its Series B total to $54m (£45m). Cambridge-based Evonetix conducts DNA synthesising by using a computer chip that manages thermal reactions on “thousands of independent thermally controlled reaction sites” and the construction of DNA in “days” as ... Read more ›
2
A new report has found that 75% of LGBTQ+ founders in the UK tech industry and 80% of investors don’t feel safe sharing their gender and sexual identity with their peers. The Proud Ventures founder identity report found that nearly half (45%) of LGBTQ+ founders thought their identity was unrelated, gave them a disadvantage (27%) ... Read more ›
2
London-based startup Syndi Health has secured $2m (£1.7m) in pre-seed funding for its digital mental health platform for employees. Syndi Health’s app uses artificial intelligence to recommend well-being support to employees. Syndi Health’s pre-seed attracted investment from Founders Factory, Plug and Play, the Syndicate Room Access Fund, Neo Kuma Ventures, Remus Capital and angel investors. ... Read more ›
0
Investment platform Darksquare Capital has closed its first funding round with £260,000 backing from seventeen angel investors. Founded in 2020, Darksquare was created to lower the barriers to entry to accessing investments based on alternative assets to equities, ETFs and cryptocurrencies. The company said that 70% of investors are seeking alternative investments to avoid market ... Read more ›
0
Things have been hotting up in the microchip world of late. Joining the latest episode of the UKTN Podcast to discuss all things chips – from semiconductor geopolitics to a chip-frying robot (of the potato variety) – is Barney Wragg, CEO and founder of robotic kitchen automation startup Karakuri. Wragg founded London-based Karakuri in 2018. ... Read more ›
11
Gousto, the recipe-box subscription service, has cut its valuation in its latest £50m funding round to help handle a “volatile period”. First reported by Sky News, the food tech unicorn, which has been backed by celebrity fitness coach Joe Wicks and Japanese investment giant SoftBank, will reduce its $1.7bn valuation as part of its new ... Read more ›
36
Manchester-based tech companies raised a record £532m in funding in 2022, the highest amount outside of London and the South East of England and retaining the top spot for the best-funded northern tech hub. The data, provided by Dealroom, found that the city outperformed international cities such as Rome, Warsaw, Lisbon and Brussels. “Manchester’s thriving ... Read more ›
37
Dragon’s Den star Steven Bartlett has responded to questions raised over the £7.7m price tag that his firm, Social Chain, was acquired for by a rival digital market company. The digital marketing startup was sold to rival firm Brave Bison for slightly less than £8m. The fee has stirred confusion from those who noted the ... Read more ›
0
Edtech company HowNow has received £4m in a Series A funding round from Mercia Asset Management and education firm Pearson. Founded in 2016, the edtech startup is used by businesses such as Depop and Checkout.com to upskill their employees. Its platform includes a dashboard for companies to “track growth and skills progression” of its workforce, ... Read more ›
8
Most popular sources
Vox
|
0% |
Skift
|
0% |
Tom's Hardware
|
0% |
MacRumors
|
0% |
Mashable
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
29.06.2026 05:37
Last update: 05:30 EDT.
News rating updated: 12:31.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.