London-based fintech Mast Technologies has raised £1.2m for its digital platform to support lenders and borrowers in the mortgage space. Founded in 2020, Mast has built a cloud-native platform to simplify the process of mortgage origination. Traditionally, borrowers have to wait periods as long as 60 days for mortgage application results. Mast claims to solve ... Read more ›
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Five quantum technology products that have been developed in the UK have been awarded funding from the UK Quantum Challenge and are now in trials. The Industrial Challenge Strategy Fund behind the funding will invest £19.2m into the five products. The UK Quantum Challenge is run by UK Research and Innovation as a part of ... Read more ›
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The UK’s tech minister has insisted the US listing of Cambridge-based tech giant Arm is not a done deal, claiming there is still a chance for a UK IPO. Chris Philp speaking to The Financial Times said the government is “working closely” with the semiconductor group regarding the upcoming IPO. Arm has been expected to ... Read more ›
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Open banking infrastructure provider Yapily has hired Noam Oren as its Chief Technology Officer (CTO). Oren joins from New York-based payments platform Payoneer, where he also served as the CTO. Payoneer is used by the likes of Google, Amazon, Airbnb, Fiver and UpWork. Oren was with the company from seed to its IPO last year. ... Read more ›
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Dublin-based early-stage VC firm Act Venture Capital has raised €140m (£120m) in the first close of its sixth fund, ACT VI. A spokesperson for the venture capital firm told UKTN it looks to invest in the UK, Ireland, and Europe. “The Irish market has doubled in size in the past 4 years, and we are ... Read more ›
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Virtual brand company Peckwater has closed a £15m Series A funding round led by Stonegate Group, one of the UK’s largest pub companies. London-based Peckwater Brands helps develop the virtual brand of restaurant chains operating a delivery-only service without the need for a physical location. Lead investor Stonegate Group has taken a minority stake in ... Read more ›
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Regtech and software-as-a-service (SaaS) company Clausematch has announced the close of a $10.8m (£8.7m) funding round led by Lytical Ventures, with participation from the Sony Innovation Fund and Flashpoint. London-based Clausematch is a regulatory tech firm that uses artificial intelligence (AI) to help businesses automate policy management and meet regulatory compliance. It also helps employees ... Read more ›
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For an American company looking to set up a UK or European headquarters, London is usually at the top of the list. But in recent years, many companies have been relocating or launching in UK regions outside of the capital in locations such as Oxford, Cambridge and Cardiff. At Arctic Wolf, we chose Newcastle for ... Read more ›
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Sky Ocean Ventures is underpinning Founders Factory’s Planet Fund, which is raising £100m to back early-stage climate startups. Founder Factory’s Planet Fund wants to address the “funding gap” for seed-stage startups, investing in decarbonisation, resource prevention, climate resilience and the circular economy. As part of the partnership, Sky will move its Sky Ocean Ventures inside ... Read more ›
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UK ministers have announced a new digital strategy to maintain and grow the UK’s position as a leader in the tech industry, as fresh data from the UK Digital Economy Council show names London as the second most valuable tech hub. At London Tech Week, the UK’s minister for Tech and the Digital Economy, Chris ... Read more ›
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Edinburgh-headquartered SaaS company Earth Blox has received a £1.5m investment from Edinburgh neighbour Archangels, for its satellite data analysis software. Its users include the likes of the United Nations, Shell Nature Based Solutions, Globe Underwriting and ADM Capital Foundation. Earth Blox is developing software that allows anyone to analyse satellite data to make decisions, something ... Read more ›
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Spoke, an ecommerce menswear clothing brand, has secured £5m funding in Seedrs’ biggest crowdfunding round of 2022 so far. Founded in 2014, Spoke uses a proprietary machine learning algorithm, the ‘Fit Finder’, to match customers with well-fitting products. The Richmond, London-based fashion technology company is looking to boost its growth in the US – currently ... Read more ›
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A partnership between industry and local government is launching a 5G and internet of things (IoT) accelerator programme in Sunderland. Startups are being invited to apply for the six-week programme, which is being run by Sunderland City Council, communications infrastructure provider BAI Communications, and Sunderland Software City. The 10 successful applicants will take part in ... Read more ›
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More than 950 UK tech companies have raised a combined £12.4bn in the first five months of 2022 against a backdrop of slowing growth in global public markets. In the first three months of the year, UK tech firms raised a record £9bn, up from the £6.3bn raised in the first quarter of 2021. During ... Read more ›
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Former professional footballer Michael Owen has been told by regulators to remove a misleading promotion of an NFT venture from his social media accounts. The ex-Liverpool star announced on Twitter last month that he had partnered with crypto startup Oceidon for an NFT launch. “Despite the critics, my NFTs will be the first-ever that can’t ... Read more ›
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Chancellor Rishi Sunak’s business investment tax break has failed to boost development investments from British businesses, according to analysis by The Financial Times. The so-called “super deduction” that was introduced by the Chancellor during the pandemic gives businesses tax relief for investments into business development and equipment purchases. Starting from April of 2021, the plan ... Read more ›
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The UK government-owned British Business Bank has appointed Louis Taylor, the current chief of UK Export Finance, as its new CEO. Taylor will take over from interim CEO Catherine Lewis La Torre on 1 October, who has led the economic development bank since Keith Morgan resigned in 2020. In March, Lewis La Torre ruled herself ... Read more ›
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London-based artificial intelligence (AI) company Papercup has raised $20m (£16m) in a Series A funding round to grow its automated media dubbing business. Papercup uses machine learning to, in theory, remove the need for media producers to spend hours recording appropriate-sounding audio dubbing for international releases. The startup has used content from Sky News, among ... Read more ›
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Mental health staff at King’s College Hospital NHS Foundation Trust and Health Education England are amongst those who are taking part in a virtual reality (VR) pilot that uses the technology for diversity and inclusion training. The VR technology comes from researchers at London-based Maudsley Learning and Maudsley NHS Foundation Trust, partnering with Bristol-based immersive ... Read more ›
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The UK’s Ministry of Defence (MoD) has ordered its first quantum computer from London-based ORCA Computing. The two-year-old company has also announced the completion of its $15m (£11.9m) Series A funding round. ORCA’s PT-1 quantum computer will be used by the MoD on-site to develop use cases for the technology as part of a one ... Read more ›
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19.06.2026 04:42
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