The KPMG Private Enterprise Tech Innovator in the UK 2024 competition is heating up, as nearly 400 applications have been narrowed down to just eight regional winners from across the UK. The future tech titans will pitch head-to-head to compete for the crown in London on 23 July. Standing between them and the 2024 Tech ... Read more ›
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Reset Health, a company that has created an app to connect obesity and type 2 diabetes patients with clinicians, is exploring a possible public listing on London’s stock market. The digital health company has appointed advisors from the stockbroker Shore Capital to assist with the possible float, according to The Times, which cited City sources. ... Read more ›
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British startup Stability AI has appointed former Weta Digital boss Prem Akkaraju as its new CEO, according to the Information. The appointment comes as part of a capital injection into Stability AI from a group of investors including Weta Digital and former Facebook president Sean Parker, according to the report, which cited a person close ... Read more ›
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Review platform Trustpilot has appointed a new chief revenue officer and chief strategy officer in its latest executive hires. Brian Green joins Trustpilot from Adobe to lead Trustpilot’s commercial teams as chief revenue officer. Green has previously worked for Oracle, Magento and SUSE. Carolyn Ryan, who takes the role of chief strategy officer, has a ... Read more ›
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Having attended London Tech Week for several years running, I’ve had a ringside seat on how the event and delegate list has grown in size and confidence as the UK capital has cemented itself as a tech hub for startups, enterprise, investment and talent. It is disappointing, however, to hear the recurring frustrations with our ... Read more ›
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Eight exciting tech startups representing regions from across the UK have been selected for a head-to-head pitching competition in the final of KPMG’s search for the next national Tech Innovator. Eighty businesses were shortlisted from nearly 400 entries to the competition, representing the most impressive entries from eight different UK regions. They were then invited ... Read more ›
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This week’s UK tech funding deals include ad-subsidised BNPL firm Zilch, quantum-proof cybersecurity company PQShield, plant-based meat alternative startup THIS and more. UKTN tracked £288.6m worth of UK tech investment this week (17 June to 21 June), a 107% week-on-week increase across 15 funding rounds. Here’s your weekly roundup of UK tech startup funding deals. ... Read more ›
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Staying ahead of the curve is essential if you want a long and fruitful career in tech. Often what’s relevant when you’re first starting out is completely laughable, and sometimes totally obsolete, just a short 20 years later. Remember, there were once developers working on what was deemed cutting-edge WAP gateways, allowing mobile phones to ... Read more ›
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Dimitris Nikolaou is the co-founder of Wondercraft, a startup that has created a platform for creating ads, podcasts and audiobooks using AI. Founded in mid-2023 by Nikolaou and Youssef Rizk – both former Palantir engineers – alongside former Spotify executive Oskar Serrander, Wondercraft lets people create “hyper-realistic” AI voices from text input. The startup operates ... Read more ›
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PQShield, an Oxford-based cybersecurity company developing cryptographic tools to protect machines from quantum computer-powered cyberattacks, has raised $37m (£29m). Founded in 2018, PQShield is developing post-quantum cryptography (PQC) security solutions that can withstand the additional computational firepower of quantum computers. It comes as the quantum sector continues to grow, with major funding for private firms ... Read more ›
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Anglo-French VC firm Breega has launched a $75m (£59m) fund to invest in early-stage startups in Africa. The London, Paris and Barcelona-based investment firm will open two new offices in Nigeria and Cape Town. It is Breega’s first fund in Africa since it closed its first fund in 2015 and gives the VC a footprint ... Read more ›
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Copilot Capital, a new private equity firm based in London, has launched a $200m (£157.5m) buyout fund targeting European software scaleups. The private equity firm plans to invest in lower mid-market software firms in Europe with annual recurring revenue of up to £13m. The firm said the current fundraising environment has left a gap for ... Read more ›
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Manchester-based investor Praetura Ventures has announced AccessPay as the first investment made via its venture capital trust (VCT). The northern-focused VC firm launched the Praetura Growth VCT in 2023, targeting an initial raise of £10m to invest in regionally diverse UK startups. VCTs are investment vehicles listed on the London Stock Exchange wherein individuals pool ... Read more ›
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British fintech company Zilch has secured a £100m debt financing deal as chief executive Philip Belamant suggests it could go public outside of the UK. Zilch, which offers buy now pay later (BNPL) services subsidised by ads, said it will use the funds to launch new products for a “broader base of customers”. The securitisation ... Read more ›
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While the UK economy seems to be recovering from the impact of high interest rates, rocketing prices and overall global social-political uncertainty, these factors do not seem to have had much impact on the volume of IT services M&A over the last 18 months. In fact, this particular segment in the tech sector has shown ... Read more ›
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Labour’s plan to close a tax “loophole” for private equity gains has drawn mixed reactions from the tech and investment community. Some have argued that removing tax benefits for private equity investments disincentives capital being directed to UK businesses. Others have claimed it will generate much-needed government revenue and increase equality in taxation. Announced in ... Read more ›
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A non-profit organisation set up nine years ago to improve diversity and inclusion across the UK tech sector is closing due to companies shelving initiatives and decreasing budgets. Tech Talent Charter, which represents almost a quarter of a million tech workers, will cease operations in August. The advocacy organisation works in close partnership with tech ... Read more ›
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Atom Bank has achieved its first year of post-tax profit, posting net income of £12.3m in its latest annual report. The challenger bank, founded in 2013, reported its strongest-ever financial results on Tuesday, with operating profit growing almost 600% to £27m. The Durham-based digital bank credited the strong results to a 39% increase in lending ... Read more ›
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CuspAI, a Cambridge-based startup using artificial intelligence to develop new materials supported by the “godfather of AI”, has raised $30m (£24m). The company aims to bring generative AI to the world of advanced materials. CuspAI is developing an AI search engine for users to request specific properties for new materials. “Imagine a search engine not ... Read more ›
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Finbourne Technology, a London-based investment data management company, has raised £55m in a Series B funding round. Founded in 2016, Finbourne provides asset owners and managers with a platform to track investment performances and conduct compliance duties. Its clients include Northern Trust and the Pension Insurance Corporation. “This funding round and support from top-tier investors ... Read more ›
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Most popular sources
Business Insider
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27% 2 |
Tech Wire Asia
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14% 9 |
CNET
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7% 4 |
Eurogamer.net
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6% 2 |
The Verge
|
6% 2 |
| View sources » | |
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28.11.2024 03:25
Last update: 03:20 EDT.
News rating updated: 10:21.
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