Shares in budget personal computer maker Raspberry Pi soared by as much as 40% on its debut as a public company in a boost for London’s tech initial public offering (IPO) market. Raspberry Pi priced shares at 280p for its IPO, giving it a market capitalisation of £514.6m. In a period of “conditional dealing” for ... Read more ›
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In this week’s UKTN Podcast episode, Northern Gritstone CEO Duncan Johnson discusses why the north of England has all the potential required to rival the South East in commercialising science and innovation, the challenges of backing early-stage deep tech companies with very long investment journeys, and why ambition and resilience are so important in developing ... Read more ›
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British AI and data science research group the Alan Turing Institute has received a renewed grant from the Bill & Melinda Gates Foundation. The Alan Turing Institute secured the grant of $4m (£3.1m), to be delivered over the next three years, to fund a project aiming to help countries “address requirements needed to achieve secure, ... Read more ›
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The UK’s AI sector has been valued at $92bn (£72.3bn), larger than any other country in Europe, according to new data. The ‘UK Tech in the Age of AI’ report from Tech Nation found that in the first quarter of 2024, 16% of all UK VC investment went to AI startups. According to the report, ... Read more ›
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The CEO of Wayve has hailed London as a “tech superpower” and reiterated that he plans to keep the autonomous vehicle startup’s headquarters in the UK capital after raising $1bn in funding last month. “Our headquarters is of course remaining and staying in London,” said Wayve co-founder and chief executive Alex Kendall, speaking at London ... Read more ›
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OnSecurity, a Bristol-based cybersecurity startup developing software to test vulnerable computer systems, has raised £5.5m. Founded in 2018, OnSecurity’s platform delivers computer system, network and web application penetration tests. These tests involve simulating a cyberattack and looking for vulnerabilities in computer systems to identify weak points that need addressing. OnSecurity said the pentest market is ... Read more ›
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London-based medical technology startup Amber Therapeutics has closed a $100m (£78m) Series A funding round. Founded in 2021, Amber Therapeutics is developing adaptive neuromodulation therapy to treat mixed urinary incontinence (MUI). The company said its flagship treatment, Amber-UI, is the first fully implantable adaptive neuromodulation therapy in clinical development for MUI. Amber-UI works by targeting ... Read more ›
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Like any other industry, technology companies have a legal responsibility to support their disabled employees. This is enshrined in the 2010 Equality Act, which defines disabilities as physical or mental impairments that adversely affect people’s day-to-day activities in a “substantial” and” long-term” way. Under this law, employers can’t discriminate against disabled staff and must be ... Read more ›
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Over the last few months, I’ve enjoyed working with the organisers of DTX Manchester, “the north’s biggest enterprise IT event”, which took place in the UK’s third-largest city on 22 and 23 May. They were initially a little worried that the opening keynote speaker, Derren Brown, might not appeal to the audience. After all, Britain’s leading “psychological illusionist” ... Read more ›
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Once hailed as a promising UK autonomous vehicle startup, Conigital captured the attention of the European tech scene last year when it announced it had secured a “landmark” £500m funding offer. The Birmingham-based company’s ‘megaround’ ranked as one of the largest European funding deals in 2023. It was also the largest ever investment into a ... Read more ›
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British tech entrepreneur Mike Lynch has been cleared on all counts in his fraud case in the US concerning the sale of his business, Autonomy, to HP over a decade ago. Lynch, referred to at the time as “Britain’s Bill Gates”, was extradited to the US last year to face a trial alleging he misrepresented ... Read more ›
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Hellen Bowey is the CEO and founder of Alcove, a virtual care company supporting independent living. The company has more than 20,000 users of its services, which include a virtual care agency, a care phone for the digitally excluded, and a “digital orientation clock”. In this week’s Founder in Five Q&A, Bowey explains why early-stage funding ... Read more ›
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In our latest spotlight of this year’s London Tech Week speakers, UKTN caught up with Dr Nicola Hodson, CEO of IBM UK and Ireland. Hodson previously held several senior positions at Microsoft, where she worked for 14 years. She formerly worked in the IT and business services division of Siemens, at CSC (now DXC), as a ... Read more ›
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This week’s UK tech funding deals include EV charger software management company Fuuse, marketplace for licensed data for AI training Human Naative AI FintechOS, sign language translation platform Signapse and more. UKTN tracked £29.5m worth of UK tech investment this week (3 May to 7 May), a 94% week-on-week decrease, across 10 funding rounds. Here’s ... Read more ›
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According to a new survey of 1,400 executives and IT professionals, the largest technical skills gaps are in cybersecurity, cloud and software development – creating job opportunities for those willing to upskill. Specifically, 65% of respondents said cybersecurity skills were lacking most within their organisation, followed by cloud (52%) and software development (40%). These have ... Read more ›
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The British Business Bank must be more independent to properly serve the needs of private businesses, according to a new report. The Private Business Commission claimed the current system of government oversight for the state-owned regional SME investor hampers its ability to direct funds effectively. The report, supported by think tank the Entrepreneurs Network, argued ... Read more ›
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London has been named the most supportive hub for developing AI as tech leaders call for increased regulation, new research has found. In a survey of international business leaders conducted by London & Partners, 77% of respondents said they consider London a more supportive hub for AI development than other major cities. The research found ... Read more ›
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The European Union’s delight in being the first to regulate AI anywhere in the world may well see a less-than-happy ending. Much like the fable of the tortoise and the hare, the EU hare has rushed into detailed regulation on something it really doesn’t – and couldn’t – understand. Although it is quite an achievement ... Read more ›
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Ittybit, a Salford-based startup developing software to simplify the uploading of large files, has raised £1.5m. The company was founded to meet the rising demand for high-quality image, video and audio file uploads, a trend the startup claims will only increase as generative AI sparks a surge in digital content creation. Ittybit has developed an ... Read more ›
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In our latest spotlight of this year’s London Tech Week speakers, UKTN caught up with Bev White, CEO of technology and talent provider Nash Squared. White, who holds a degree in computer science, has held various senior tech leadership roles since 2002. She was recently identified as one of the most influential women in UK ... Read more ›
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Most popular sources
Business Insider
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24% 3 |
Tech Wire Asia
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20% 15 |
CNET
|
7% 3 |
Eurogamer.net
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6% 1 |
The Verge
|
5% 3 |
| View sources » | |
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28.11.2024 05:55
Last update: 05:40 EDT.
News rating updated: 12:41.
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