The Department for Business, Energy and Industrial Strategy has unveiled £1.5m in funding in for its new AI for Decarbonisation Programme, aimed at reducing the country’s carbon output. Funding will be available via two streams: £1m for AI decarbonisation innovation projects and up to £500,000 towards co-funding an AI virtual centre until March 2025. George ... Read more ›
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When we think of cybercrime, we tend to think of hackers breaking into confidential files, scammers conning innocent civilians, or sophisticated gangs targeting multinational companies – or even government departments. The flip side of this is a soaring demand for cybersecurity jobs to keep on top of the well-documented rise in cybercrime affecting businesses and ... Read more ›
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The UK has taken significant steps towards becoming a global AI superpower, according to new research. A report conducted by WPI Economics on behalf of data platform Splunk examined the use of data in policy-making by France, Germany, the Netherlands, and the UK to determine how effectively the nations have adapted to new technologies like ... Read more ›
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British Business Investments has announced it has committed £350m in the past 12 months to 20 delivery partners. Announced in its annual report and accounts, it brings the bank’s total commitments to date to £3.4bn. Judith Hartley, CEO, British Business Investments, said: “As a ‘through the cycle’ investor and lender we have continued to invest ... Read more ›
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Surfboard, a workplace software platform for the customer service industry, has raised $5m (£4.2m) in a seed funding round. London-based Surfboard was founded in 2021 with the goal of developing software solutions to replace legacy workplace management systems. Surfboard’s collaborative planning software was created with hybrid and remote work in mind, due to their prevalence ... Read more ›
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The UK’s competition regulator has launched an investigation into Broadcom’s $61bn (£51.5bn) acquisition of VMware. The Competition and Markets Authority (CMA) is inviting interested parties to submit comments as part of a preliminary phase one investigation. If it finds further grounds for competition concerns then the CMA will progress the investigation to phase two. US-headquartered ... Read more ›
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Management at Shell has said the company will need to review the green energy investment projects announced as part of a £25bn pledge following the extension of the windfall tax. The oil giant in March pledged £25bn to invest in UK sustainable energy projects, including “low and zero-carbon products and services, including offshore wind, hydrogen ... Read more ›
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Modern Milkman, a grocery delivery startup that uses data analytics to map out milk rounds, has now raised a total of £50m after closing a Series C funding round to fuel global expansion. The Colne, Lancashire-headquartered company delivers milk along with groceries such as eggs, butter, bread, fruit and vegetables. It is aiming to tackle ... Read more ›
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Health tech startup Visible has raised $1m (£845,000) in pre-seed funding to tackle long Covid and other chronic conditions using wearable technology. The London-based company has developed an app to track symptoms of chronic conditions like long covid. Users can then receive medical support via the app. The startup also offers a paid premium service ... Read more ›
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Food tech startup Julienne Bruno has received £5m for its plant-based cheese alternative, which brings its total investment to more than £6m. Julienne Bruno currently offers three kinds of dairy-free cheeses and dry-aged vegetables as it looks to tap into a growing alternative meat and diary market. Lead investors in the alternative cheese maker’s round ... Read more ›
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Hospitality tech startup Ambl has closed a £1m seed funding round as it launches its platform that matches diners and drinkers with available venues in real-time. Founded in London in 2021, Ambl has now launched its app for hospitality businesses to fill available spaces last minute in the UK. The app matches users geographically to ... Read more ›
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British microchip designer Arm has informed investors that it is “unlikely” to IPO in the first quarter of 2023 due to “global economic uncertainty”. However, the Cambridge-based company has not yet confirmed whether it will list in London or New York, despite intermittent lobbying by the members of the British government throughout the year. “Clearly, ... Read more ›
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London-based asset manager and active fintech investor Fasanara Capital has secured $200m (£169.4m) from a Canadian pension fund. Fasanara, which has previously invested in UK-based fintechs like Playter, Twig, and Storfund, holds around $3.5bn (£2.96bn) in assets. The new funds will be deployed through its alternative credit strategy to provide loan investments to fintech firms. ... Read more ›
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Vektor AI, a tech career mentorship platform, has landed $2.5m (£2.1m) in pre-seed capital led by Cherry Ventures and Mosaic Ventures. Backing also came from angel investors such as Google VP Bradley Horowitz, Ancestry.com CEO Deb Liu, head of workplace and product at Meta Ujjwal Singh, Indeed co-founder Paul Forster, among others. Vektor’s platform is ... Read more ›
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Challenger bank Tandem has poached the long-time financial executive of rival fintech Atom, according to reports. David McCarthy, who has served as the chief financial officer (CFO) of Atom Bank for more than eight years, resigned from Atom in September and is set to join Tandem Bank in the same role, Sky News reported. McCarthy’s ... Read more ›
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Augmented reality (AR) gaming company Immersive Gamebox has secured $20m (£16.8m) in venture debt funding from US investment firm Harlan Capital. The company’s game rooms use touchscreen walls, surround sound and motion-tracking hats to provide different immersive experiences. David Spindler, CFO and co-founder of Immersive Gamebox, said: “The debt financing from Harlan Capital will enable ... Read more ›
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Jason Ash is the co-founder of YoungPlanet, a circular economy app where families can give and receive parenting and children’s items for free. The cashless platform lets parents list or request different children’s items, from books and clothes to toys and baby equipment. Founded in 2019 by Jason and his wife Emma, YoungPlanet has raised ... Read more ›
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Startups operating in marine tech, space tech and agritech are set to help the Cornwall and Isles of Scilly tech sector grow by an estimated 17.9% by 2026, according to new findings. A report by CIoS Digital Skills Partnership found that the Cornwall and Isles of Scilly tech sector is set to become the fastest ... Read more ›
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The taxpayer cost for bailing out the collapsed energy startup Bulb has increased to £6.5bn, according to data released by the Office for Budget Responsibility (OBR). The OBR has said that an additional £4.6bn has been added to the government expense of dealing with the company in 2022-23. The OBR said in March that the ... Read more ›
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The Financial Conduct Authority’s (FCA) CEO has said that new consumer protection rules will help keep technologies like artificial intelligence (AI) in check. Speaking at the UK Finance annual dinner, Nikhil Rathi acknowledged that “AI can help solve” issues in finance, pointing to use cases from the insurance industry and banking. However, the regulator boss ... Read more ›
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15.06.2026 21:29
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