Bristol-based cybersecurity scaleup Immersive Labs has secured a deal with the UK Ministry of Defence (MoD) to upskill its staff and bring in new talent. The partnership will see personnel from the Army, Royal Navy, Royal Air Force, Strategic Command and Civil Service access Immersive Labs’ simulations that throw users into realistic cybersecurity scenarios. They ... Read more ›
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Former employees of now-bust ecommerce company Made.com are launching legal action after being told they had lost their jobs over Zoom. Approximately a dozen of Made.com’s 320 staff are seeking a Protective Award claim over the way the job cuts were managed. Mohammed Balal, employment law specialist at Aticus Law, which is representing the claim, ... Read more ›
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George Taktak is the founder of How Mental, a company that brings together mental health services for its community of over 800,000 members. The London-based company runs virtual mental health check-ins and workshops, along with collating resources from across the mental health sector – from wellness apps to therapy – in one place. Taktak, an ... Read more ›
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Cybersecurity startup Lab 1 has landed £1m in funding to build out its software that looks for data breaches and supply chain risk. It uses artificial intelligence to scan sources such as forums, messaging platforms, file-sharing websites, code repositories, dark web among others for data breaches. The software looks for data such as personally identifiable ... Read more ›
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Net zero intelligence company Faradai has raised $2.4m (£2.1m) in the latest fundraise for climate tech, which has been significantly backed recently despite a wider tech downturn. Founded in 2017, Faradai generates energy intelligence data for large enterprises to monitor their carbon emissions and improve efficiency. More and more companies in the UK are making ... Read more ›
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Silicon Valley Bank has taken a part ownership stake in Founders Forum Group for an undisclosed sum. Founders Forum is a community of startup founders that run events in London, New York, Berlin, and Singapore. It is also one of the co-hosts of London Tech Week. The deal will see Silicon Valley Bank become Founders ... Read more ›
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Metaverse startup Anything World has secured $7.5m (£6.6m) in a “series seed plus” round, with contributions coming from the likes of Warner Music Group. Anything World’s platform uses artificial intelligence to build 3D environments that can be used in AR and VR experiences. Gordon Midwood, CEO of Anything World, said: “The capacity for anyone to ... Read more ›
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Clothing brand Next has bought the Made.com brand and intellectual property for £3.4m after the beleaguered furniture ecommerce company entered administration. Next, which trades on the London Stock Exchange, has agreed to purchase the remaining IP and the rest of the brand of Made for £3.4m, a far cry from the £775m value given to ... Read more ›
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Updating the UK’s early-stage investment and enterprise tax relief initiatives is the most pressing legislative issue for UK startup founders ahead of the chancellor’s Autumn Statement, data has shown. A poll of over 50 founders by the crowd investment platform Crowdcube found UK startup founders are calling for growth from the government without sacrificing environmental ... Read more ›
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The UK has been at the cutting edge of artificial intelligence (AI) innovation from the very beginning. In fact, the earliest successful AI program was written in 1951 by Christopher Strachey, later the director of the Programming Research Group at the University of Oxford. As the sector has grown and developed over the last 70 ... Read more ›
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Social media giant Meta has confirmed it is beginning a redundancy consultation for its UK workforce as part of global layoffs that will see the Facebook owner cut 11,000 jobs. Meta has declined to release the number of UK roles that will be axed as part of the first mass layoffs in the US company’s ... Read more ›
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The Centre for Finance, Innovation and Technology (CFIT), a government-supported UK fintech body, has appointed a new chair following a boosted funding commitment from the Treasury. Charlotte Crosswell joins the organisation from previously running Innovate Finance and the Open Banking Implementation Entity (OBIE), which played a key role in the UK’s adoption of open banking ... Read more ›
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A group of automotive and EV firms, including Ford, Britishvolt and Octopus Electric Vehicles, have signed a letter calling on the government to ensure the Zero Emission Vehicle mandate comes into effect from 2024. The mandate, which will stipulate the percentage of electric vehicles that automakers must produce, is currently under consultation. The signatories said ... Read more ›
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Swedish VC firm EQT Ventures has closed its latest fund at €1.1bn (£967m), despite a global downturn in startup investment. EQT Ventures’ third fund will invest in startups primarily across Europe at a time when UK VC deal volume has plummeted to its lowest level since 2016. The investment firm has been a notable backer ... Read more ›
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GrandNanny, a platform that matches over 50s who have childcare experience with parents searching for part-time childcare, has raised £400,000 in pre-seed funding. The London-based startup will use the extra capital to expand its presence across the UK. Its service is currently available in London, and in Brighton following a recent launch. The funding, shared ... Read more ›
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London-based 3D printing software startup TOffeeAM has raised £5m in a Series A funding round to scale the business globally, with a focus on the US and Asian markets. Founded in 2019 as a spinout from Imperial College London, TOffeeAM develops software used by engineering firms – including Boeing and Rolls-Royce – to design fuel-efficient ... Read more ›
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The North West is home to a thriving and rapidly expanding tech ecosystem. For centuries the region was renowned for connectivity and industry, best exemplified by its trademark canals, railways and factories. In the 21st century, though, it has been transformed into one of the UK’s leading technology hubs. According to data from Tech Nation, ... Read more ›
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Customer loyalty software developer Antavo has raised £8.7m to expand its global presence and secure more clients. The London-based company’s suite of products are used by the likes of KFC, Brewdog and BMW to run unique customer loyalty programmes to incentivise repeat business. In addition to traditional loyalty offerings, such as purchasing a certain amount ... Read more ›
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UK fintech KodyPay has doubled its funding with a $5m (£4.36m) pre-Series A investment for its mobile payments app for businesses. Founded in York in 2018, KodyPay has developed point-of-sale software for businesses to accept online payments in physical locations, such as QR-based table orders at restaurants. The company claims that in-person payments made via ... Read more ›
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Osler Diagnostics has landed $85m (£74.2m) in a Series C funding round for its portable diagnostic medical scanner. Founded in 2017 as a spinout from the University of Oxford, the startup has developed the Osler Origin device, which can perform diagnostics tests out in the field that usually require a lab. “The Osler Origin platform ... Read more ›
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29.06.2026 21:37
Last update: 21:20 EDT.
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