Bristol-based cybersecurity scaleup Immersive Labs has secured $66m (£59.7m) in a funding round led by Ten Eleven Ventures and bolstered its executive team with three new appointments. Found in Bristol in 2017, Immersive Labs has created a cybersecurity training platform used by organisations to teach practical IT security skills. The company does this with realistic ... Read more ›
0
The West Midlands will appoint a ‘tech commissioner’ to champion the region’s tech sector and encourage more investment in local tech startups. The tech commissioner will look to build on the recent growth in the region, with the West Midlands last year named the UK’s fastest-growing tech hub. The role, which has not yet been ... Read more ›
24
X-ray technology maker Silveray has received £2.2m in seed funding, which it will use to move to a dedicated location in Greater Manchester. The funds will also help Silveray grow its team and start product development. “The funding will allow us to move quickly and hit our product development milestones effectively. We aim to have ... Read more ›
0
Paris-based bank BNP Paribas has announced an agreement to acquire UK currency management software firm Kantox. Headquartered in London, Kantox provides companies with software to automate their end-to-end foreign currency exchange workflow. BNP Paribas previously invested €8m (£7m) into the fintech company as part of its Series D funding round in February 2020 and has ... Read more ›
63
It is nearing 12 months since West Midlands Combined Authority (WMCA) began its partnership with UKTN, providing regular articles – Digital Skills Clinics – addressing pertinent issues and trends within the digital skills gap. The first piece I wrote for UKTN in late 2021 offered an initial snapshot of the digital skills gap in the ... Read more ›
6
London-based startup Zeus has picked up £1.8m in funding from angel investors for its freight management software used by the likes of Primark, Decathalon and P&G. Zeus’ software as a service (SaaS) platform provides businesses with access to large goods vehicles, fleet management tools and the ability to carbon offset their deliveries. Clemente Theotokis, co-founder ... Read more ›
2
London-based fintech Payable has raised $6.1m (£5.5m) in a funding round for its payment operations platform that “modernises” finances. Founded in 2022, Payable is aiming to update what it calls “inefficient” and “antiquated” enterprise finance departments processes with payment operations software. Commenting on the current state of finance teams, Payable co-founder Daniel Yubi said: “It ... Read more ›
0
While the notion of network-based computing dates to the 1960s, the first use of ‘cloud computing’ in its current context is believed to have happened in August 2006, when then-Google CEO Eric Schmidt introduced the term at an industry conference. By 2010, companies like AWS and Microsoft had developed private clouds that were pretty functional ... Read more ›
0
British neobank OakNorth has acquired a 50% stake in ASK Partners, a specialist lender for property transactions. The deal will build upon the existing relationship between OakNorth and ASK, which has seen them provide structured debt to SME housebuilders and property firms across 45 joint transactions over the last five years. OakNorth did not disclose ... Read more ›
0
Rapid grocery delivery startup Getir is reportedly in advanced talks to acquire its competitor Gorillas in a move that would bring further consolidation to a cash-guzzling industry that boomed during the pandemic. Berlin-based Gorillas is said to be burning through cash, despite raising close to $1bn a year ago. Bloomberg reported that the acquisition is ... Read more ›
21
Cheltenham-based digital workforce management platform Enate has raised £2m in a funding round to fuel the company’s expansion across the UK and beyond. Enate’s software product is designed to manage hybrid workforces of digital and in-person workers. The platform can be used by enterprises to manage workflows and provides data insights into company performance. Enate’s ... Read more ›
30
Financial edtech platform Blackbullion has raised £2.5m in an oversubscribed funding round shared exclusively with UKTN. Founded in 2014, Blackbullion partners with universities to provide students with financial skills training and information on resources they might be eligible for, such as bursaries and grants. Blackbullion founder and CEO Vivi Friedgut told UKTN that the current ... Read more ›
2
Kent-based Sunstone Systems has raised £1m in equity finance for its solar-powered surveillance systems that can be used in remote places. The company has created a solar-powered CCTV system capable of working in “extreme environments”, such as oil and gas fields, mining sites and on highways. The internet of things (IoT) devices can function in ... Read more ›
11
Fractional investing platform Hedgehog has surpassed its original crowdfunding target of £1m by more than 50%. At the time of writing, Hedgehog has raised £1,566,428 from 380 investors on the crowdfunding platform Seedrs. “Having been self-funded by our co-founders to date, we deliberately crowdfunded our first ever round of external funding to build a high ... Read more ›
0
Bristol-based semiconductor company Graphcore has lost its deal with Microsoft, causing key investors to write down their stake. Founded in 2016 by Nigel Toon and Simon Knowles, Graphcore develops computer processors used in AI and machine learning. It has been considered among the most promising UK startups, becoming a unicorn in November 2017 and hitting ... Read more ›
27
Manchester-based customer engagement platform Connex One has secured £93m in a Series C funding round. Connex One’s software, used by the likes of O2 and Gousto, provides tools such as customer communication, calling, shift organisation, web form designing and speech analytics. The company, founded by brothers Nick Mealey and Richard Mealey in 2013, said it ... Read more ›
0
London-headquartered scientific property developer Pioneer Group has announced that work has begun on a 20,000-square-foot lab space in Edinburgh for startups and blue-chip companies. The new lab will help make up Pioneer Group’s Technopole science park, a 126-acre campus located in the Scottish capital. Pioneer’s presence in the city following the construction of the lab ... Read more ›
0
Over the past decade, the British fintech ecosystem has flourished. From a global perspective, the UK punches well above its weight, making up 10% of the worldwide fintech market, according to the recent Kalifa Review. A symbiotic relationship between investors and entrepreneurs has been crucial to this success. Venture capital and growth equity firms look ... Read more ›
0
Investment services company Channel Capital Advisors has launched a $300m (£270m) fintech lending strategy to support digital loan platforms. The first $100m (£90m) tranche of the strategy from the asset manager will be immediately deployed to fintech lenders that need additional capital to provide financing to SMEs. The UK firm will initially deploy the finances ... Read more ›
0
London-headquartered venture capital firm Octopus Ventures has hired five new investors to its deep tech investment team as it looks to build on the £45m invested this year into companies operating in spaces such as AI, quantum computing and robotics. In 2021 Octopus Ventures has backed deep tech startups including quantum computing firm ORCA Computing, ... Read more ›
45
Most popular sources
ScienceDaily
|
0% |
Tech Wire Asia
|
0% |
Ubergizmo
|
0% |
ArcticStartup
|
0% |
ReadWrite
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
16.06.2026 05:11
Last update: 05:05 EDT.
News rating updated: 12:06.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.