Channel Digital Holdings (Channel) has announced a global strategic partnership with AdviceRobo to accelerate the use of Artificial Intelligence (AI) within its decision-making engine to support the capital needs of SMEs. Channel operates a UK-based asset manager, authorised and regulated by the FCA. Over the past 15 years, it has managed more than $20bn of credit ... Read more ›
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Northern Irish cleantech startup Rock Extraction has raised £500,000 for a rock-breaking tool designed to provide a green alternative to explosives used in the mining industry. The Lisburn-based company was founded to reduce the reliance on explosives that can release large quantities of harmful compounds into the atmosphere. Rock Extraction’s Volt 100k extraction tool, according ... Read more ›
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Apple CEO Tim Cook has visited the iPhone maker’s new London headquarters at Battersea Power Station and reiterated the company’s commitment to the UK capital. Cook, visiting the UK for the first time since the pandemic, said: “Apple has been part of the London community for more than 40 years, and we’re thrilled to soon ... Read more ›
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Oxford-based medtech startup Optellum has raised £13m in a Series A funding round to boost the development of its AI-powered, early-stage lung cancer detection platform. One of the biggest risks of lung cancer is diagnosing it too late to effectively treat it. Optellum is aiming to resolve this, with physicians uploading a patient’s CT scan ... Read more ›
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Capital Pilot’s Boost Fund 1, a venture fund that makes automated investments into startups with founders from diverse backgrounds, has reached its halfway point by investing £2.5m across 50 UK startups. Launched in June, Boost Fund 1 was set up with the goal of backing high-growth startups, many of which are from diverse backgrounds. The ... Read more ›
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“Patents are for the weak” retorted Elon Musk to veteran broadcaster Jay Leno while giving him a tour of SpaceX. Leno, during the latest episode of ‘Garage’, had asked Musk if he had patented his engines, which the world’s richest person described as “the most advanced ever made”. Musk went further still on intellectual property, ... Read more ›
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British money transfer service Wise has temporarily stopped guaranteeing exchange rates for payments made in GBP due to the volatility of sterling, which hit an all-time low against the dollar on Monday. The sterling exchange rate plummeted following the mini-budget announcement from Chancellor Kwasi Kwarteng. While some measures – such as an extension to the ... Read more ›
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TikTok could be forced to pay a £27m fine after the UK’s data watchdog said the video-sharing platform may have failed to protect the privacy of children on its platform. An investigation by the Information Commissioner’s Office (ICO) found the video-sharing platform may have breached UK data law by processing the data of children under ... Read more ›
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Tech Nation faces a £6.2m annual funding shortfall after the startup growth network reportedly lost its government contract to banking giant Barclays. According to the Sunday Times, Barclays has secured the £12m government grant, which will be spread across two years from April 2023. The Digital Growth Grant is being awarded to an organisation that ... Read more ›
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Insurtech startup Peachy has raised £1.5m in a funding round in support of its app-based platform that provides quick access to private health services. Founded in 2021, Peachy’s all-in-one platform lets customers access private health coverage, find local specialists, and have digital access to GPs via phone and video chat. Customers can build custom health ... Read more ›
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London-based AI startup Disperse has raised $16m (£14.9m) for its platform that captures building site data to digitally visualise a construction project. Founded in 2015, Disperse lets construction managers monitor progress remotely, turning footage captured live on a site into a digitised version. In an interview with TechCrunch, Disperse founder and CEO, Felix Neufeld said ... Read more ›
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The reporting of buy now pay later (BNPL) purchases to credit agencies, a suggested regulatory policy for the industry, may be a flawed concept according to the CEO of Zilch. In an interview with UKTN, Zilch CEO Philip Belamant said that despite it being considered in the government’s upcoming BNPL regulatory framework, the reporting of ... Read more ›
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Katherine Stennett is the co-founder of Myota, a startup using artificial intelligence to develop precision fibre supplements aimed at improving gut health. Stennett, who has previously worked at insurtech Zego and digital healthcare provider Kry, founded Myota in 2019 with PhD computational biologist Thomas Gurry. Its fibre blends seek to improve the quantity and diversity ... Read more ›
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Premier League football club Liverpool FC has announced it will expand its partnership with French blockchain startup Sorare, despite the firm being under investigation in the UK. The Paris-based startup is known for its fantasy sports game, in which users can purchase digital assets in the form of player cards. The company first partnered with ... Read more ›
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Chancellor Kwasi Kwarteng has unveiled a raft of measures in today’s ‘mini-budget’ aimed at stimulating growth in the UK economy that have been broadly welcomed by the UK’s tech and investor community. The mini-budget is the first major fiscal event for Prime Minister Liz Truss’s government and comes at a time when individuals and businesses ... Read more ›
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Tory peer and former minister Lord Vaizey of Didcot has joined the advisory board of crypto exchange Binance, which has faced repeated scrutiny from UK regulators. The appointment of Vaizey is part of a larger plan from the world’s largest cryptoasset exchange company, which has brought on 11 people to its new global advisory board. ... Read more ›
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London-based web3 startup Hadean has raised $30m (£26.6m) in a Series A funding round to build out its metaverse virtual infrastructure technology from backers that include US video game giant Epic Games. Founded in 2015, Hadean is a deep tech startup that is developing web3 components in support of metaverse entertainment, education, and enterprise projects. ... Read more ›
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Australian fund manager Link Fund Solutions (LFS) could be forced to pay a £50m fine issued by the UK’s Financial Conduct Authority (FCA) over its mismanagement of an investment fund from the now defunct firm Woodford Investment Management. Founded by Neil Woodford CBE in 2014, Woodford Investment Management has backed a number of notable UK ... Read more ›
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Manchester-based startup Sorted has secured a £3m loan investment to support the growth of its delivery software platform that’s used by the likes of Asda, Lush and ASOS. Founded in 2010, Sorted’s software is used to analyse the performance of deliveries made by companies, with the goal of optimising the management of both deliveries and ... Read more ›
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Inclusivity platform Include Me has launched a directory of “exceptional entrepreneurs” from diverse backgrounds, based across all of the UK, to provide more role models to groups under-represented in Britain’s business and tech industry. The Diversity-List, or D-List, is a searchable database of entrepreneurs that displays their sector specialisms, contact details and a short biography. ... Read more ›
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16.06.2026 08:02
Last update: 07:56 EDT.
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