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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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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29.06.2026 16:47
Last update: 16:41 EDT.
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