Basecamp Research has raised $20m (£16.14m) in Series A funding for its protein database that it uses to design protein-based products for R&D teams in industries such as pharmaceutical, cosmetics and nutrition. London-based Basecamp has created a knowledge graph of protein codes after gathering proteins from more than 40 trips around the world. The company ... Read more ›
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Cambridge-based PragmatIC Semiconductor, which manufactures flexible integrated circuits thinner than a human hair, has raised an additional $35m (£28.2m) to close a $125m Series C funding round. The oversubscribed round comes amid a slowing funding environment and is an example of the UK’s microprocessor prowess – despite the government drawing criticism over delays to its ... Read more ›
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London-based AI workflow startup Jaid has received £3m in seed funding led by UK early-stage software investor Sure Valley Ventures. The startup’s software platform collects data from a business’s internal and external communications. It then organises this data to automate workflows in areas such as sales, client services, payment exception processing and claims administration processing. ... Read more ›
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London-based Rithum has raised £250,000 in seed funding to develop a revised version of its smart home control device. Rithum currently makes a smart home control panel that slots into the place of a light switch to control a building’s lights, audio and heating. Speaking to UKTN, Ryan Ovens, founder and CEO, Rithum said: “Rithum switch ... Read more ›
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Venture capital investor Speedinvest has unveiled a €500m (£428.6m) pre-seed and seed tech fund to back early-stage startups across Europe. A representative for Speedinvest confirmed to UKTN that the fund, “Speedinvest 4”, will be investing in UK-based startups. The fund has already participated in Solvo.ai’s recent £3.5m seed round and femtech The Lowdown’s £2m round, both ... Read more ›
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Consumer insights platform Zappi, which is used by the likes of McDonald’s, Heineken and PepsiCo, has secured a $170m (£138.5m) investment led by Sumeru Equity Partners. Businesses or individuals can use Zappi’s platform to automate the process of analysing marketing and branding campaigns, along with optimising areas such as advertising and product development. Zappi plans ... Read more ›
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CheMastery, a startup aiming to increase the efficiency of chemical research and manufacturing, has secured an oversubscribed “multi-million-pound” seed funding round. The London-based startup is developing processes to automate the repetitive and time-consuming manual elements of chemistry The company estimates around 80% of the average chemist’s time in the lab is spent on low-skill manual ... Read more ›
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Scottish digital fitness brand The Original Fit Factory has bought eight companies in a $137m (£111.6m) acquisition spree as it looks to diversify into multiple areas of digital fitness. The Glasgow-based company’s acquisitions will see it expand into areas including ecommerce, nutrition, mental health, events, fitness, activewear and virtual tech. The Original Fit Factory launched ... Read more ›
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AI talent management company Beamery has closed a $50m (£40.7m) Series D round, bringing its valuation over $1bn and into the much-vaunted unicorn club at a time when startup valuations have been taking a battering. Founded in 2014, Beamery’s platform uses artificial intelligence to assist firms in recruiting, upskilling and managing employees. It is used ... Read more ›
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Welsh biotech startup Jellagen has closed an £8.7m Series A funding round as it continues to develop its jellyfish-inspired regenerative medicine technology. Named after ‘jellyfish collagen’, Jellagen is developing a way to derive collagen from the sea creature instead of the typical source, mammals. The startup, founded in 2013, says its approach comes with a ... Read more ›
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The UK SaaS market has seen the most mergers and acquisition transactions (28.6%) across Europe in 2022, according to fresh data. In the GP Bullhound report, it was found that the UK, France and Germany were responsible for 58.9% of European SaaS deals for the past year. Over a quarter (30.4%) of all European SaaS ... Read more ›
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Aston University has received a £4.8m investment to develop a digital health facility to provide healthcare and train the next generation of medical professionals with simulated facilities. The funding boost for the Birmingham-based university’s College of Health and Life Sciences came from the education regulator group Office for Students. Aston University will use the investment ... Read more ›
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Microsoft has bought a 4% equity stake in the London Stock Exchange Group and entered a 10-year partnership. The partnership will see Microsoft provide the underlying cloud data infrastructure to the London Stock Exchange Group. David Schwimmer, CEO, LSEG, said: “This strategic partnership is a significant milestone on LSEG’s journey towards becoming the leading global ... Read more ›
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Tech giant Microsoft has bought Southampton-based fibre optic company Lumenisity for an undisclosed amount. Hollowcore fibre made by Lumenisity allows light to travel at a lower latency and speeds up to 47% quicker compared to traditional fibre according to Microsoft. “The technology can provide benefits across a broad range of industries including healthcare, financial services, ... Read more ›
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Octopus Group is entering the ‘death tech’ market, with the acquisition of London-based digital bereavement startup Guardian Angel. Founded in 2017, Guardian Angel was created with the idea that dealing with death is difficult enough without having to handle logistics. The startup wanted to use technology to ease the processes that follow death. “The death ... Read more ›
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Fintech Starling Bank plans to open a new office in Manchester, generating up to 1,000 jobs in the process. A spokesperson for the company told UKTN that a central site is being looked at but is yet to be finalised and is due to open in the first half of 2023. The additional jobs will be ... Read more ›
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Analytics platform 9fin has raised $23m (£18.8m) in Series A+ funding, despite not setting out to raise fresh capital. 9fin’s software uses computer vision and machine learning to bring together data from across the internet – including news stories, documents and social media posts – to provide intelligence on debt capital markets. Its platform is ... Read more ›
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The government will ask app developers to sign up to a voluntary code of practice aimed at improving privacy and security for users. Measures in the code of practice include sufficiently highlighting app security updates, providing privacy and security information to users clearly, and creating channels for security experts to report vulnerabilities. For the next ... Read more ›
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WeWALK has received a further £2m in funding to add more features to its smart cane for the visually impaired. Using ultrasonic sensors and a mobile application, the WEWALK smart cane helps the visually impaired by vibrating when it encounters potential obstructions. “We want to scale our business to reach a wider global audience and ... Read more ›
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Alex Hatvany is the co-founder of Atom Learning, an edtech company that uses AI to create gamified exercises that are bespoke to an individual child’s learning style and level. The online learning platform is aimed at Key Stage 2 through to senior school entry preparation. More than 25,000 pupils study with Atom’s platform, which uses ... Read more ›
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15.06.2026 17:19
Last update: 17:10 EDT.
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