London-based PHINXT Robotics has raised £608,000 in an oversubscribed pre-seed round for its warehouse robot management software targeting SME businesses. According to PHINXT Robotics, less than 10% of warehouses cannot implement robot automation because of costs, complexity and lead times. The company has developed a cloud-operated system that can be used by small or medium-sized ... Read more ›
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The UKTN Podcast is back for season two, featuring more conversations with founders of some of the UK’s high-growth tech companies. Each episode will talk through the founder’s personal journey, their vision for their business, and their views of the wider tech industry. In the first episode, UKTN Podcast host Jane Wakefield – a technology ... Read more ›
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There’s little doubt that Big Tech companies can and should do more to protect their users from harmful content online. With rapid membership growth in the pandemic, the tech industry is broadly in agreement that regulation now needs to catch up and ensure that social media platforms bear greater responsibility for ensuring a safer online ... Read more ›
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Belfast-based startup Sensoteq, which develops wireless machine health monitoring technology, has secured a £500,000 loan as it looks to expand its workforce. Founded in 2016, Sensoteq designs sensor technology to monitor heavy-duty industrial machinery. The company’s product tracks the performance and efficiency of the equipment to provide insight into whether gear needs maintenance or replacement. ... Read more ›
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Raylo, a consumer electronics subscription service, has received a £110m debt financing facility from retail bank NatWest and growth investor Quilam Capital, along with unnamed previous backers provided equity funding. London-headquartered Raylo has created a platform for consumers to lease new gadgets such as phones, tablets and laptops. Raylo aims to get more use out ... Read more ›
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Electric van startup Arrival said it will cut half of all jobs globally and has appointed company insider Igor Torgov as the British company’s new CEO. Arrival will undergo a “restructuring” to “refocus its resources” on the production of its electric van in 2024 from its facility in Charlotte, US. This plan, which comes amid ... Read more ›
2
The UK fintech space has not been immune to the wider tech downturn. New data shows that funding for British fintech startups dropped by around 13% last year, with late-stage funding seeing the largest decline. According to market insight platform Tracxn, tech startups operating in the financial sector raised a total of $11.2bn (£9bn) in ... Read more ›
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The National Cyber Security Centre (NCSC) and Plexal have revealed the four latest startups joining its cybersecurity accelerator programme. Companies on the 12-week programme, known as NCSC for Startups, will receive technical expertise to progress their technologies and business. NCSC, which is part of the British intelligence agency GCHQ, is running the startup initiative with ... Read more ›
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The UK video streaming market took a significant hit last year, losing around two million paid subscriptions across all platforms in 2022, according to new data. In total, the number of paid online video subscriptions in the UK dropped from 30.5m to 28.5m last year, according to a report from data analytics firm Kantar Group. ... Read more ›
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LiveMore, a provider of financial services to customers aged 50 and over, has secured a £250m credit facility from New York’s Citi Bank. Launched in 2020, London-based LiveMore was established to service the 50 to 90+ age group, which the company has described as being underrepresented in finance. The company provides mortgages to older consumers ... Read more ›
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Telecoms giant BT Group is trialling 5G and 4G mobile internet coverage provided by hydrogen-powered drones. The drones, from Cambridge-based Stratospheric Platforms, carry a mobile internet antenna, have a wingspan of 60 metres and use a liquid hydrogen energy system that means they can fly for more than a week at a time. Tim Whitley, ... Read more ›
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A bumper year for initial public offerings (IPOs) in 2021 was followed by a relatively slow 2022 for London public market debuts. Now, amid turbulent economic headwinds, all eyes are on how the UK’s public markets will perform in 2023 — and which tech companies are likely to IPO. Some UK tech companies have openly ... Read more ›
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Approximately 85% of crypto firms do not meet the lowest levels of compliance, the UK’s financial regulator has revealed. The data was published in a conversation between the Financial Conduct Authority (FCA) and the Treasury Committee, revealing that the overwhelming majority of crypto businesses fell short of complying with the financial regulator’s anti-money laundering and ... Read more ›
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Lloyds Banking Group has invested £4m into Caura, a motoring admin app that provides a centralised place for tasks including paying for tolls, city charges, vehicle excise duty, MOTs and vehicle tax. It is Lloyd’s first fintech investment of the year and comes as part of the bank’s involvement with the Fintech Delivery Pledge, a ... Read more ›
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Chancellor Jeremy Hunt has reiterated his vision of making the UK the “next Silicon Valley”, this time to an audience of tech representatives from the likes of Meta, Microsoft, Amazon, Apple, and Google. In a speech given today in London, the chancellor set out a plan to boost the UK economy ahead of his Spring ... Read more ›
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The government has officially established the Advanced Research and Invention Agency (ARIA), an independent body that will fund “high-risk, high-reward” scientific research and technology projects. The government first announced plans to launch ARIA in February 2021. It takes its inspiration from DARPA, the US government research and development agency that has played a pivotal role ... Read more ›
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Hamish Grierson is the CEO and co-founder of Thriva Health, an at-home blood testing company aiming to increase the length of time people live healthy lives. Grierson founded Thriva Health in 2016 alongside Eliot Brooks and Tom Livesey. Its direct-to-consumer service tests for health areas including cholesterol, vitamin levels and liver health. The London-based health ... Read more ›
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The corporate venture capital arm of Covid-19 vaccine maker Pfizer has co-led a $49m (£39.6m) investment into Oxford-based biotech startup Grey Wolf, which develops immuno-oncology therapeutic technology. Founded in 2017, Grey Wolf Therapeutics specialises in combating tumours with its novel anti-cancer treatment. The company is looking to launch medical trials on human patients soon. “This ... Read more ›
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Atlantic Money has written a letter to the UK’s competition regulator accusing British fintech Wise of being “harmful competition” by delisting the payments startup from its price comparison tool. In a letter to the Competition and Markets Authority (CMA), seen by UKTN, Atlantic Money claims that Wise implements policies that “result in it only comparing ... Read more ›
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Shazam co-founder Dhiraj Mukherjee has backed employee volunteering tool onHand in its $4m (£3.2m) pre-Series A funding round. Dubbed the “Uber for volunteering” by IBM, onHand is an app that connects employees with sustainability volunteering opportunities, such as youth mentoring and crisis response, and tracks any savings of CO2e. Mukherjee said: “At a time when ... Read more ›
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15.06.2026 10:11
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