Sen has raised more than £2m to stream live video of the Earth from high-definition cameras attached to satellites in space. The service will be free for personal use, with paid tiers that let commercial users download, analyse or commission ultra-high-definition videos. The London-based startup will use the seed funding, led by venture capital firm ... Read more ›
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The first launch from Spaceport Cornwall has been delayed until next year after Richard Branson’s Virgin Orbit cancelled a flight planned for next Wednesday. Virgin Orbit is yet to secure a licence for the launch and must conduct “additional technical work” before it can launch its altered Boeing 747 into the Earth’s atmosphere. Based at ... Read more ›
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Komi, a software platform designed for creators, has received $5m (£4.1m) in a seed funding round led by Contour Venture Partners. Creators can customise their profile on Komi’s platform with various items such as their social media pages, merchandise, tour dates and view analytics. Well-known celebrities on the platform include Lizzo, Idris Elba, Addison Rae, ... Read more ›
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Infrared sensor startup Phlux Technology has received £4m in a seed funding round led by venture capital firm Octopus Ventures. The University of Sheffield spinout has developed a “single element” sensor that can be installed in LIDAR, a technology that sends lasers to determine the distance of objects and is being used by autonomous car ... Read more ›
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The majority of UK institutional investors who provide financial backing to VCs plan to increase their capital allocations in 2023, sending a signal to startups that there will still be sufficient funding despite market turbulence that has rocked the tech industry. This year UK tech investment plummeted 22% as challenging economic headwinds brought a period ... Read more ›
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An initiative looking to promote innovation in the Cambridge tech ecosystem has received over 100 charter signatures from the likes of Arm, Microsoft and AstraZeneca. Innovate Cambridge was launched in September by Cambridge Enterprise, Cambridge Innovation Capital and the University of Cambridge to promote the city on the global stage. It has appointed CogX co-founder ... Read more ›
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When thinking about your dream role, what do you imagine? If you’re craving job security, career progression, and plenty of opportunities for professional development, then you could consider a job in data science. The 2022 IT Skills Report recorded a 295% increase in the number of data science-related tasks recruiters were setting for candidates in ... Read more ›
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Manchester-based Propello, a startup that creates white-label customer loyalty software for businesses such as Hello Fresh and JD Gyms, has secured £650,000 in funding. The seed funding round was led by DSW Ventures, a venture capital firm that’s also based in Manchester, and attracted investment from angle investors. Founded in 2020 by CEO Mark Camp ... Read more ›
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StructureFlow, a platform to visualise complex corporate transactions, has closed a $3.5m (£2.9m) pre-Series A round led by Venrex. London-based StructureFlow is predominantly used in the legal industry. The company was founded to simplify corporate communications, for the purposes of deal negotiations, mapping transactions, and presentations. The company claims the simplified visuals reduce staff attrition ... Read more ›
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London-headquartered private equity firm One Peak has closed a $1bn (£821.8m) fund to invest in B2B software companies based in Europe and Israel. The growth investor’s Fund III will make investments ranging from $15m (£12.3m) – $100m (£82.2m). “Growth equity is a significantly underrepresented asset class in Europe versus the US and China,” said Humbert ... Read more ›
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UK technology investment dropped 22% this year, one of the steepest falls in Europe, amid difficult economic headwinds that have forced startups to slash valuations and make mass layoffs. Overall UK tech investment fell to $27.9bn in 2022, down from the record $36bn raised last year. Despite the notable decline in tech investment, the UK continues ... Read more ›
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The Financial Conduct Authority (FCA) has outlined stricter rules to regulate financial promotions of products, including buy now pay later (BNPL). Under the new rules, companies will have to regularly demonstrate to the FCA that they have the right expertise for the products being promoted. Associated risks must be properly stated. The FCA has repeatedly ... Read more ›
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Standardising internet of things (IoT) security, improving semiconductor supply chains and joint research and development projects are among the initiatives being explored in a new digital partnership between the UK and Japan. The partnership, announced on Tuesday, is looking at ways to make it easier for businesses to operate in both countries by aligning digital ... Read more ›
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Arizona-headquartered Mangata Networks will construct a satellite manufacturing base in Ayrshire, Scotland. The new facility at the Prestwick International Aerospace Park will also home research and development and a satellite operations hub, which will create up to 575 jobs. “We will be using this facility to bring our satellite connectivity and intelligent Edge compute solutions ... Read more ›
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Changeover Technologies has surpassed its intended crowdfunding goal of £500,000 for its recycling technology. Using a patented process, Changeover Technologies can take carbon waste material and turn it into a carbon reductant pellet. These pellets can then be used in the manufacturing of steel and silicon. Kenneth Flockhart, CEO and executive director, Changeover Technologies said: ... Read more ›
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Osome, a financial admin platform aimed at small businesses, has raised $25m (£20.6m) in Series B capital. The Osome platform allows small businesses to carry out tax and finance reports, expenses and manage invoices. The fintech is headquartered in Singapore but is led from an office in Shoreditch, London where the CEO ‘resides’ and has ... Read more ›
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VC investments into tech tackling supply chain issues have dropped sharply in the last few months after a brief period of soaring success during the pandemic, according to new data. Research published by Pitchbook found that supply chain tech received £2.6bn ($3.3bn) in Q3 this year, a 77% decrease from the same period last year. ... Read more ›
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UK challenger bank, Allica Bank has secured £100m in Series C funding in a round led by TCV, supported by Warwick Capital Partners and Atalaya Capital Management. Its newly acquired funds will allow the SME lending business to continue scaling. In addition to lending, the bank also offers savings accounts, asset finance, commercial mortgages and ... Read more ›
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The former chief financial officer of ClearBank Marc Jenkins is set to join a rival fintech firm, the Bank of London, in the same role. Marc Jenkins, who will be taking the role of CFO at the Bank of London, most recently served as the deputy CFO of Metro Bank, after almost four years heading ... Read more ›
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UK-based venture capital investor Jenson Funding Partners has launched a £60m fund focused on startups developing net-zero transition solutions. The Aurora I fund will target early-stage startups in the green tech sector and is aiming to close a funding gap revealed by a Tech Nation report that found climate tech startups struggled to secure funds ... Read more ›
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15.06.2026 17:20
Last update: 17:15 EDT.
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