American tech giant IBM is backing a UK state-run plan to increase diversity among cyber workers, despite pressure from the Trump administration to scrap DEI schemes. IBM has agreed a partnership with the UKās Department for Science, Innovation and Technology (DSIT) and the National Cyber Security Centre (NCSC) to provide the online platform for the ... Read more āŗ
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Kondor AI has struck a deal to acquire fellow Aquis constituent Ora Technology in an all-share offer as the firms look to consolidate their tech to capitalise on the growing AI agent market. The proposed offer would entitle Ora shareholders to 0.9848 consideration shares in per Ora share sold. The deal would value Oraās shares ... Read more āŗ
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Two of the UKās biggest listed semiconductor firms saw their shares rise today after striking fresh multi-million pound deals. EnSilica shares rose the fastest, up as much as 5% in early London trade, as the Oxford-based business unveiled a multimillion-pound design and manufacturing services contract with what it described as āa well-funded pioneering optical computing ... Read more āŗ
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The London Stock Exchange is the ānatural destinationā for an initial public offering (IPO) the CEO of ClearScore has said, as the company considers its options for a flotation. Speaking to The Times, Justin Basini said while recent history has shown a lack of āhomegrown growth equityā in London compared with the US public markets ... Read more āŗ
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The activities of three Frenchmen caught my eye this week. The first was a French space scientist who suddenly found himself expelled from the US. The researcher, who has not been publicly identified, was denied entry at a US airport after immigration officials reportedly found messages critical of President Trump on his phone, a move ... Read more āŗ
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Paddle has been accused of violating consumer protection laws as the London fintech reported a jump in losses. The London fintech said it had received a draft civil complaint and proposed settlement offer from a government agency alleging violations of consumer protection laws in connection with its oversight of two third-party software suppliers from September ... Read more āŗ
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It seems a lifetime ago that a rapid grocery delivery startup could pull in staggering investments to secure a billion-pound valuation months after launch. As it turns out, it was less than five years ago ā which is not unlike a lifetime in tech. The Covid-fuelled era of low interest rates and a sudden need ... Read more āŗ
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This weekās UK tech funding deals include inflammatory disease treatment developer Maxion Therapeutics, surgical device firm Eventum Orthapaedics and more. UKTN tracked Ā£67m worth of UK tech investment this week (17 March to 21 March), a 9% week-on-week decrease across five funding rounds. Hereās your weekly roundup of UK tech startup funding deals. Maxion Therapeutics ... Read more āŗ
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One of the UKās biggest IT suppliers has said itās in āactiveā M&A discussions after posting a more than doubling of profits. Bellshill-based Kick ICT, which offers IT solutions and network infrastructure services, recently acquired Microsoft Dynamics specialist C2 Software for an undisclosed fee, representing the firmās ninth acquisition in eight years. āM&A continues to ... Read more āŗ
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An investor specialising in early-stage medtech startups, has secured Ā£27m towards its targeted Ā£50m fund. All-female general partner-led THENA Capital will target British startups developing digital healthcare solutions and medical devices. āThe UK is a key player in the global medical landscape generating game changing innovations,ā said THENA Capital co-founder and general partner Esther Reynal ... Read more āŗ
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Green VC firm Elbow Beach has secured Ā£63m in the first close of its new Ā£80m climate impact fund. Elbow Beach aims to back up to 36 early-stage British startups via the fund over the next four years, with a focus on technology enabling industries to transition to cost-effective low carbon operations. The firm will ... Read more āŗ
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Britain once led the world in industry. We invented the steam engine, built the railway, and pioneered the assembly line ā British innovations that shaped the modern world and helped us win the Second World War. But the Industrial Revolution wasnāt just about machines. It transformed lives, creating jobs that powered Britainās rise. And it ... Read more āŗ
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The founder of EDX Medical has become the lead investor as it raised Ā£3m to accelerate its work on diagnostic test. Professor Sir Chris Evans, who founded the Aquis-listed Medtech in 2021, has invested Ā£740k into the round to acquire 5.3m shares, bringing the 67-year-oldās total stake in the company to 36.6%. Evans was joined ... Read more āŗ
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A fintech run by two east London gospel church preachers is to enter liquidation after racking up losses. Crosspay, which provided cross-border payment solutions for individuals and companies, has been instructed to be wound up by a court order, with Simons Muirhead Burton LLP appointed as liquidator. The court order followed a petition by creditor ... Read more āŗ
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The Bank of London has filed for a name change on Companies House as its accounts hurtle towards being six months overdue. The company, formally known as The Bank of London Group Holdings Limited, last week changed its name to Oplyse Holdings. The rationale behind the name change is not clear, though a search of ... Read more āŗ
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Qlarifi, a real time buy now pay later (BNPL) credit database startup has raised Ā£1.4m as strict regulation of the payment type approaches. The Treasury said last October that legislation to tighten the regulatory burden on the BNPL industry would be coming in āearly 2025ā. And while there is currently no bill in place, extensive ... Read more āŗ
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The British government is injecting Ā£9m into a semiconductor R&D facility in Scotland to boost the UKās production capacity of critical chips. The development site, to be hosted in Inchinnan by the National Manufacturing Institute Scotland (NMIS), will provide an advanced packaging scale-upline for power electronic semiconductors to support faster chip production. NMIS said the ... Read more āŗ
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Full-fibre broadband is set to reach āalmost allā homes and businesses by the end of 2027, the UKās media and telecoms regulator has said, as it prepared to enter the āfinal phaseā of the rollout of fibre optic connections. The UK has seen one of the fastest rates of roll out of full-fibre broadband in ... Read more āŗ
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British companies have a decade to shore up their digital defences to make way for a new wave of quantum-powered cyber attacks, the UKās cybersecurity agency has warned. The National Cyber Security Centre (NCSC) ā part of GCHQ ā issued guidance on Thursday for organisations to prepare for and protect against upcoming threats posed by ... Read more āŗ
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Data has become a staple of doing business in the UK and beyond. A recent adage has declared it the new oil, and itās not hard to see why. Data intelligence has been informing business decisions for years now, but as advancements in AI technology go further and further, the way companies can analyse and ... Read more āŗ
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Most popular sources
Wired
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32% 2 |
Business Insider
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26% 2 |
Gizmodo
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10% 6 |
Vox
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6% 2 |
The Verge
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5% 4 |
| View sources Ā» | |
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01.04.2025 22:43
Last update: 22:31 EDT.
News rating updated: 05:30.
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