London Dynamics has secured £1m in seed funding for its augmented reality (AR) and 3D model software for ecommerce businesses. Retailers can use the software to integrate 3D models of their products that can change based on user preferences, such as changing the colour of a bike. Additionally, customers can place the advertised products within ... Read more ›
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Chancellor Jeremy Hunt has unveiled a slew of measures affecting the UK tech industry in today’s Autumn Statement and outlined a goal to “turn Britain into the world’s next Silicon Valley”. The chancellor announced £55bn in tax rises and cuts to public spending in an Autumn Statement partially focused on restoring economic credibility following his ... Read more ›
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The Law Commission of England and Wales has called for evidence about blockchain-based decentralised autonomous organisation (DAO) structures. DAOs are a form of organisational structure that links its participants digitally with blockchain technologies, such as the smart contract. While DAOs are similar to existing organisations, like general partnerships, they rely on decentralised power structures protected ... Read more ›
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Index Ventures, based in San Francisco, New York and London, has launched a $300m (£253m) seed fund aimed at early-stage startups. The Origin II follows the Index Ventures $200m (£169m) Origin I fund, launched only last year. In a statement published on its website, the venture capital firm said: “From Airbnb to Adyen, Slack to Skype, ... Read more ›
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The UK government has blocked the acquisition of Newport Wafer Fab by Netherlands-headquartered and Chinese-owned semiconductor manufacturer Nexperia on national security grounds. Business Secretary Grant Shapps issued Nexperia a Final Order under the National Security and Investment Act 2021, requiring the company to sell a minimum of 86% of its shareholdings. The deal was blocked ... Read more ›
0
The financial troubles at electric vehicle battery startup Britishvolt could be deepening after its creditor appointed a receiver in the event of the company entering administration. Britishvolt – the startup building what would become the UK’s largest battery factory – has confirmed that Katch Fund Solutions, an investment group and creditor of Britishvolt, has brought ... Read more ›
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As more and more of modern life goes online, so too does sensitive data. For businesses, the protection of that data is tantamount to ensuring longevity and health. However, it is only getting more difficult to protect sensitive data from financial crime, due in large part to the overwhelming amount of it that is now ... Read more ›
2
London-based artificial intelligence fashion startup Vestico has bagged a £250,000 investment from venture capital firm Jenson Funding Partners. Shoppers can use Vestico to visualise fashion and beauty products on images of people physically similar to them. Vestico’s AI recommends products to its users based on factors such as their height, weight and skin type. “We’ve ... Read more ›
3
SigmaOS, a UK-founded web browser startup aiming to create a more productive and organised internet experience for mac users, has raised $4m (£3.4m). Founded in 2021, SigmaOS was created with the idea that the majority of popular web browsers, including Chrome and Safari, were developed at a time when the needs of users were different ... Read more ›
3
US food automation company Miso Robotics has entered the UK market with its automated fryer robot, “Flippy 2”, which has been taken on by a restaurant in the Midlands. Using computer vision, a subset of artificial intelligence, Flippy can detect and cook over 45 items of food, according to the company. Mike Bell, CEO at ... Read more ›
0
The government has awarded over £5m to companies developing tech aimed at decarbonising and improving train travel, from self-charging trains to automatic flood detection on rail tracks. Each of the 24 winners of the First of a Kind 2022 competition will receive up to £400,000 in grant funding from the Department for Transport competition in ... Read more ›
9
Founders Forum Group has taken a “significant” minority stake in creative agency The Clerkenwell Brothers for an undisclosed sum, rebranding it to Founders Makers. Founders Makers will remain a separate entity, joining Founders Forum Group’s innovation strategy consultancy, executive search firm and tech law firm. Nick Horowitz, co-founder, The Clerkenwell Brothers, said: “We’ve built a ... Read more ›
0
Digital payments startup Banked has raised an additional $15m (£12.6m) as part of an extension to its Series A, first announced in February. Banked, which lets consumers pay using their bank without entering their account details at checkout, raised $20m (£16.8m) earlier this year in a round led by Bank of America. The fintech has ... Read more ›
24
Spaceport Cornwall has been granted the UK’s first spaceport licence, paving the way for the facility to conduct horizontal space launches. The facility, based in Cornwall Airport Newquay, demonstrated adherence to safety, security, and environmental guidelines, along with the infrastructure requirements needed to function as a spaceport. Melissa Thorpe, head of Spaceport Cornwall, said: “Cornwall ... Read more ›
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British food delivery app Deliveroo has exited the Australian market, citing “challenging economic conditions” and the “considerable” investment required to make the subsidiary profitable. Deliveroo suspended all orders in Australia today and entered voluntary administration. Advisory and investment firm KordaMentha will oversee the process. In a statement, Deliveroo said: “This has been a difficult decision ... Read more ›
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On his first day as chancellor, Jeremy Hunt said he would have to make decisions of “eye-watering difficulty” to fix the gaping hole in the UK’s public finances. Since then, the government has priced up the job: £50bn. Where to find the cash? With nothing off the table, early-stage investors and the high-growth companies they ... Read more ›
0
Cambridge GaN Devices (CGD), a semiconductor company that spun out of the University of Cambridge’s engineering department, has raised $19m (£15.9m) in a Series B funding round. Founded in 2016, CGD is a fabless semiconductor company that designs transistors, which the company claims can make electronics greener by improving energy conversion efficiency. “As we move ... Read more ›
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Cambridge-based cleantech startup Levidian has installed the first of its greenhouse gas-reducing LOOP devices in the UK, in partnership with Eco Group. The devices, which will be deployed in the south of Scotland, breaks methane into hydrogen and carbon atoms, with the carbon then used to create wonder material graphene. The process takes place without ... Read more ›
2
More than 140 UK tech founders and executives have signed an open letter to the government raising concerns over the “alarming” reports that entrepreneur network Tech Nation is set to lose its public funding to Barclays. The letter, organised by tech advocacy group Coadec, called for government-backed support to be “grounded in the startup ecosystem” ... Read more ›
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Manchester-based customer payments app Boodil has raised £525,000 in fresh funding as alternative payment methods continue to grow in popularity. Founded in 2022, Boodil has thrown its hat into the ring of the checkout payment method market with a platform that aims to be a streamlined and secure way for businesses to facilitate customer payments. ... Read more ›
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15.06.2026 22:49
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