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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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BT Group has taken a £5m stake in a drone software company Altitude Angel through its incubation branch Etc. Berkshire-based Altitude Angel’s unified traffic management (UTM) software can spot drones in the sky and manage them around any crewed aviation. Managing airborne drones will be an important aspect of the government’s proposed drone superhighway. Known ... Read more ›
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London-based fintech Twig has acquired the French startup Vybe as it looks to expand its services and target the Gen Z market. The French neobank was founded in 2019 with the goal of providing digital banking services to Gen Z users. Vybe provides the typical offerings of a challenger bank, such as money transfers and ... Read more ›
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The NHS is trialling robot support staff through a partnership with the British AI startup Academy of Robotics. Staff at the Milton Keynes University Hospital have been working with the Academy of Robotics to develop an automated assistant, called a Helper Bot, to relieve the significant workload faced by NHS workers. The trial began in ... Read more ›
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From quantum computing to semiconductors, the UK has a strong deep tech sector. But what will 2023 hold for the deep tech industry amid a looming recession and more cautious investors? Deep tech is a broad subcategory that includes everything from AI to cleantech. According to Tech Nation, UK deep tech investment has increased 33x ... Read more ›
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This year is expected to be one of immense change. The pandemic is becoming a memory, a recession is looming, and tech hiring is experiencing a period of flux. In this environment, there aren’t that many things that you can rely on, but there are a few tech sectors that are holding fast and hiring ... Read more ›
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Nationwide Engineering Research and Development (NERD) has raised £8m in seed funding as it looks to commercialise a graphene-enhanced building material called Concretene. NERD, a company founded by Nationwide Engineering Group, developed Concretene with the goal of creating a stronger and more sustainable product than traditional concrete. The company did this by adding a graphene ... Read more ›
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Industry leaders have been recognised for their contributions to UK tech in the New Year Honours List for 2023, with representatives from Birmingham Tech, Tech Nation and Fintech Scotland rewarded for their public service. Among those recognised is Yiannis Maos, the founder and CEO of Birmingham Tech, which champions the West Midland’s tech scene. Maos ... Read more ›
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29.06.2026 13:42
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