UK artificial intelligence (AI) startups have attracted a record $3.6bn in investment so far this year in a sign that the sector remains strong despite the economic downturn. AI has become one of the fastest-growing sectors for UK tech, with investments in Q2 hitting an all-time record amount of $840m. The report from Tech Nation ... Read more ›
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UK Research and Innovation (UKRI) has awarded 12 smart factory projects a share of £13.7m funding pot to develop technologies that improve energy efficiency, productivity and growth in manufacturing. The recipients of the public funding include companies using AI to spot inefficiencies in steel production and using recycled materials in 3D printing. The winners of ... Read more ›
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Berkshire-based semiconductor company Sondrel has announced it plans to list on the London Stock Exchange’s AIM market, bucking the trend of foreign acquisitions of chip companies. Sondrel, which designs microchips used by companies such as Tesla, Mercedes, and Apple, is expecting to begin trading on the AIM market from 21 October. The shares are priced ... Read more ›
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Venture capital firm Grafton Capital has acquired ProQuo AI, a brand management platform used by Dr Pepper, Amazon Prime and Unilever, for an undisclosed sum. ProQuo AI’s software is used by brands to plan, test, monitor and review advertising campaigns. Grafton Capital did not disclose the acquisition sum. Investments made my the VC firm range ... Read more ›
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Vivi Friedgut is the CEO and founder of Blackbullion, a digital financial wellbeing platform for young people. The edtech platform provides an overview of available student funding and gives financial skills training. It can be accessed for free by over one million students at nearly 50 partner universities, colleges, and other organisations, worldwide. Founded by ... Read more ›
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London-based Snap It has secured £2.1m in a seed funding round for its on-demand delivery service for tools and materials, self-described as “Deliveroo for tradespeople”. Founded in 2019, Snap It has developed an online service for tradespeople to order materials and parts for jobs that the company claims arrive in as quick as 30 minutes. ... Read more ›
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The Tees Valley Hydrogen Transport Hub is launching a £20m competition with Innovate UK to explore how hydrogen fuel can be used in transport. It will look at current issues such as large-scale refuelling, use in public transport and hydrogen heavy goods vehicles (HGVs). Ben Houchen, mayor, Tees Valley, said: “The first phase of our ... Read more ›
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ZIPZERO offers a mass market solution to the cost-of-living crisis by giving UK consumers access to a free source of funds to cover their essential monthly bills. Via the ZIPZERO app, UK consumers earn cash every time they shop which they can use to pay down any utility bill of choice. The cash rewards are ... Read more ›
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Business intelligence platform Lightdash has raised $8.4m (£7.5m) in a seed funding round to develop new features and boost hiring. Founded in 2021, Lightdash aims to help businesses get the most out of company data by integrating with modern data stacks. “Data-driven decision-making is central to the success of any modern business. Yet while every ... Read more ›
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Mobility platform Bolt is facing backlash from over 1,600 UK drivers over claims they are owed holiday and minimum wage compensation in a legal case that echoes the one lost by ride-hailing rival Uber. Bolt drivers say they should not be categorised as self-employed contractors, a status that affords fewer rights than those classified as ... Read more ›
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An industry-led and government-supported consortium has been launched to represent Britain’s quantum computing industry and ensure the UK is a “world leader” in the emerging technology. UKQuantum, which is opening up its membership to organisations in the UK quantum industry, will aim to be a singular voice for the sector and support the development of ... Read more ›
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Silicon Valley-headquartered investor and innovation platform Plug and Play has locations across the world, from the US to China. But until earlier this year, it did not have a presence in the UK. “If you are a UK startup and you need to scale, you can land in Plug and Play’s head office in Silicon ... Read more ›
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Investment into early-stage quantum computing technology has remained “very strong” this year despite the gloomy economic climate, the boss of Quantum Exponential has said. This has been boosted by “increasing governmental support globally” for quantum computing investments, according to Quantum Exponential CEO Steven Metcalfe. Quantum Exponential floated on the AQUIS Exchange at the end of ... Read more ›
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The government has announced a delay to the Data Reform Bill, the proposed legislation to replace data rules established under the EU. Digital Secretary Michelle Donelan, speaking at the Tory party conference this week, said the Data Reform Bill legislation that was introduced back in July had been paused to allow the new government led ... Read more ›
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Venture capital firm Finch Capital has received a €25m (£21.8m) investment for its Europe Fund III from British Patient Capital. The investor launched its Fund III earlier this year, to invest in 15-20 European fintech and AI startups in finance. Targeting €150m (£130.7m), Fund III will primarily back Series A and B rounds. Catherine Lewis ... Read more ›
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The digital skills gap has been a long-standing problem for UK businesses. Now, fresh data has underscored that impact, with 81% of UK managing directors saying a lack of digital skills is negatively affecting their company. A survey of 5,000 UK workers, commissioned by AND Digital for its Nature of the UK’s Digital Skills Gap ... Read more ›
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Fitness dating platform FITFCK has received an undisclosed investment from Tim Stokely, the founder of content subscription platform OnlyFans. FITFCK says that the OnlyFans founder’s investment puts the business at a valuation of more than £3m. Jamie Wykes-Hobday founded FITFCK – pronounced “Fit-eff-see-kay” – after he was dumped by his girlfriend weeks before competing in ... Read more ›
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HR tech startup Humaans has raised $15m (£13.1m) in a funding round in support of its employee data management platform. London-based Humaans acts as a centralised platform for employee data. Users can customise the functions within their own stack rather than using a ‘one size fits all’ system. The platform can be used to keep ... Read more ›
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Embedded finance platform Railsr, formerly known as Railsbank, has closed a $46m (£40.4m) Series C round, consisting of $26m (£22.8m) in equity and $20m (£17.6m) of debt. New investor Mars Capital has provided the £17.6m debt funding, with the equity coming from previous investors Anthos Capital, Ventura, Outrun Ventures, CreditEase and Moneta. Its platform offers ... Read more ›
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Cybersecurity company Adarma has been given a £2m grant from Scotland’s national economic development agency, Scottish Enterprise. Adarma will use the grant funding for 50 new cybersecurity jobs, the development of its threat management platform and research towards additional services. “The Scottish government supports these plans to increase diversity through recruitment of entry-level staff from ... Read more ›
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16.06.2026 05:11
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