Congratulations are of course in order on your successful startup funding round – it’s taken skill, luck and a massive amount of determination to have finally banked that cheque. As a former CEO of two software startups and an investor myself, I have some appreciation for the journey you’ve just been on and from both ... Read more ›
8
Starling Bank is expecting to increase its pre-tax profits by more than four times in its upcoming annual financial results. The digital bank said it “generated annualised pre-tax profits of more than £250m on the back of almost £600m of annualised revenue for the month of December 2022”. In July last year, Starling announced its ... Read more ›
30
Oxford Ionics has raised £30m in a Series A funding round to continue scaling its “trapped-ion” approach to quantum computing. It brings the Oxford-based startup’s total funding to £37m since it was founded in 2019. Oxford Ionics is using an approach to quantum computing in which charged atomic particles are suspended in electromagnetic fields, with ... Read more ›
11
Cambridge-based semiconductor company Flusso has been wholly acquired by a Chinese entity for £28m, company filings reveal. Flusso, a University of Cambridge spinout that develops flow sensor technology, announced last August that it had been “jointly acquired” by a “company and global private equity fund”. The announcement notably omitted the name of the acquirer. However, Companies ... Read more ›
0
As we emerge from the festive season, so too has our prime minister, who has been noticeably quiet of late – a trait we’ve not been accustomed to in recent times. His speech on building a better future was certainly high-level, focusing on five challenges for the UK in 2023 – inflation, growing the economy, ... Read more ›
3
The ownership of ecommerce brand Trouva has changed hands once again with online shopping brand Re:store acquiring the business from Next. Online lifestyle shopping brand Trouva was launched in 2013. After a period of rapid growth, raising more than $30m from investors such as Index Ventures, Octopus Ventures, LocalGlobe, and Downing Ventures, the company was ... Read more ›
0
The British Business Bank is preparing to launch a £150m investment fund in the summer to support the growth of Scottish SMEs. The Investment Fund for Scotland will become the latest in a series of region-specific investment funds from the British Business Bank, a state-owned investment bank for small and medium enterprises. The new fund ... Read more ›
15
Precision health technology company Perspectum has closed $36m (£30.4m) in its first round of Series C funding, led by Oppenheimer Holdings. Oxford headquartered Perspectum provides body imagery software that connects to MRI machines and uses artificial intelligence (AI) to aid with diagnosis and monitor patients with chronic diseases. to measure organ inflammation with greater precision, ... Read more ›
3
Gavin Wheeldon is the founder and CEO of Purple, a cloud-based technology company providing software to transform venues into intelligent-tech hubs. Wheeldon founded Purple in 2012 out of frustration with poor guest WiFi. Now, Purple works with thousands of businesses across the globe to get the most out of their public space WiFi. Its WiFi-based ... Read more ›
7
Half of European businesses believe banking as a service (BaaS) will make traditional banking obsolete, according to new data. A survey of more than 1,000 European businesses – including companies from the UK, Belgium, and the Netherlands – found that 51% of European firms expect BaaS to replace traditional banking services. BaaS is a form ... Read more ›
0
Investment firm Northern Gritstone has appointed Andy Naylor, the former CEO of Nottingham Technology Ventures, as its newest investment director. At Nottingham Technology Ventures, Naylor was in charge of the University of Nottingham’s spinout portfolio and investment funds. “To attract someone with Andy’s stature and experience in developing early-stage businesses is another sign of Northern ... Read more ›
0
Losses at Euan Blair’s edtech unicorn Multiverse have widened by almost £4m in 2022, despite its revenue almost tripling over the same period. Multiverse, founded in 2016 by former prime minister Tony Blair’s son, is a platform to provide jobs, apprenticeships, and training to people who have not graduated from university. The company has had ... Read more ›
0
US tech giant Amazon is cutting 18,000 jobs from its global workforce, but is remaining tight-lipped about the number of layoffs in its UK workforce. Globally, the tech giant hires 1,544,000 people, with over 70,000 roles based around the UK. Amazon said most of the job cuts are at its Amazon Stores and in “HR ... Read more ›
27
Meta has been slapped with a €390m (£346m) fine by the Irish data regulator, less than a month after paying a £600m settlement in the US, as the tech giant braces for another data lawsuit in the UK at the end of January. The Facebook owner was handed the £346m by the Irish Data Protection ... Read more ›
26
Prime Minister Rishi Sunak has outlined his goals to grow the economy and drive innovation across the UK through additional spending on technology R&D in areas such as artificial intelligence and fintech. Speaking on Wednesday at tech innovation hub Plexal in East London, Sunak put an emphasis on the UK tech industry in a speech ... Read more ›
0
Think back to the last time you sat in an aeroplane as it turned the final corner to line up on the runway, and how quickly the long stretch of tarmac was eaten up by the rocketing acceleration of the plane. Now imagine the runway has been reduced by half. The task of getting that ... Read more ›
97
Approximately 8,700 electric vehicle (EV) chargers were installed across the UK last year, the highest annual increase to date but one that is failing to keep pace with growing adoption. The UK now has approximately 37,000 EV chargers, according to EV charge point app Zap-Map. It means that the number of EV charge points increased ... Read more ›
0
A nanosatellite from Oxford-based Open Cosmos has successfully made contact after hitching a ride on the SpaceX Transporter-6 mission. SpaceX’s Falcon 9 rocket launched from Florida yesterday carrying satellite cargo, including the Open Cosmos’ constructed 6U MENUT Earth Observation nanosatellite. Aleix Megias, VP of operations, Open Cosmos, said: “The project will enable national and regional ... Read more ›
38
Former health secretary Matt Hancock has announced he’s shutting down his eponymous app five years after launching it to communicate with his constituents. The MP launched the Matt Hancock App in 2018 while culture secretary to “promote a healthy, open and impartial debate”. However, the Conservative MP turned I’m A Celebrity contestant turned independent MP ... Read more ›
0
The automotive segment of British semiconductor designer Arm has become one of its fastest-growing markets, doubling its revenue since 2020. Speaking to the Financial Times, Dennis Laudick, vice president of automotive go-to-market at Arm said the vehicle chip side of the company has been growing significantly faster than areas such as smartphone chips. The automotive ... Read more ›
0
Most popular sources
Startup News
|
0% |
ScienceDaily
|
0% |
Tech Wire Asia
|
0% |
Sifted
|
0% |
Ubergizmo
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
15.06.2026 14:26
Last update: 14:21 EDT.
News rating updated: 21:21.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.