The Manchester Prize has returned for its second year as the British government hopes to incentivise AI innovation in the clean tech sector with £2m of prizes. First announced by former chancellor Jeremy Hunt during the 2023 Spring Budget speech, the Manchester Prize is an annual competition for AI developers in the UK managed by ... Read more ›
15
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 ›
21
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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Fuuse, a Lancaster-based electric vehicle (EV) charge point management platform, has raised £8.7m as it looks to expand across the UK and Ireland. Launched in 2021, Fuuse provides EV charging point operators with a white-labelled management platform to offer flexible payments, dynamic pricing, booking controls, maintenance tracking and more. Fuuse’s platform users include SSE, Scottish ... Read more ›
1
Turkish rapid grocery delivery startup Getir has posted heavy losses in 2022 for its UK business, a month after exiting the market. According to its accounts, the company lost £168m in 2022, 45% more than the year prior. The filing revealed turnover increased by more than 200%, reaching £80m. However, as is so often the ... Read more ›
0
Barclays Bank has led a £4m investment into wealth management infrastructure platform WealthOS. The London-headquartered startup, which develops off-the-shelf software for companies providing digital wealth management products, said it plans to use the new funds to “support its strong client pipeline”. It follows white label B2B wealth management provider Quai Digital selecting WealthOS as a ... Read more ›
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Human Native AI, a London startup offering what it describes as legal and ethical data for tech firms to train large language models, has raised £2.8m. Founded in 2024, Human Native AI is aiming to solve the growing concern that many AI models unfairly use copyrighted data in the training phase. As a nascent technology, ... Read more ›
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With just one week to go until London Tech Week, it’s time to learn more about the speakers who will be taking to the stage at the Olympia exhibition centre. As an official media partner, UKTN is shining a spotlight on London Tech Week’s stellar lineup of 2024 speakers. First up is Hiroki Takeuchi, CEO ... Read more ›
1
In this week’s episode of the UKTN Podcast, Vertical Future founder nad CEO Jamie Burrows discusses the many ways vertical farming can be used to address agricultural and environmental challenges, why space presents an exciting opportunity for farming and why VC funding isn’t for everyone. Burrows founded Vertical Future in 2016. The company develops the ... Read more ›
2
As we head into a general election, we can expect politicians from all parties to underline the importance of science and innovation to growing our economy. There’s no doubt about it – the wellspring of innovation and technology is coming primarily from SMEs, and university spinouts lead the way. Increasingly, researchers are working with tech ... Read more ›
1
NatWest Group is aiming to onboard 2,500 entrepreneurs to its latest accelerator programme, the most since its launch. The NatWest Accelerator, taking place in September, will provide free coaching and networking support to startups with “high growth potential”. The support will be delivered across 13 physical accelerator hubs across the UK and one digital programme. ... Read more ›
21
Parcel delivery company Evri is investing £1m into an artificial intelligence (AI) strategy that aims to improve customer service, optimise workforce planning, and identify if packages are being left in a safe place. Evri, which delivers more than 720 million parcels a year, has developed the strategy with AI consultancy Robiquity. UK-based Evri said it ... Read more ›
0
British challenger bank Monzo has hit its first-ever full year of profit, posting a pre-tax profit of £15.4m for the year ended 31 March. Monzo said it hit profit for the year after a revenue jump to £880m across its various income streams. Monzo was founded in 2015 and, as an early success story of ... Read more ›
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US software unicorn Symphony has chosen Belfast as the destination for its new “multifunctional hub”. New York-based Symphony, a communications software provider for the finance industry valued at $1.4bn, will establish the new office space in Northern Ireland, following its participation in the NI Investment Summit. According to the company, it was impressed by the ... Read more ›
0
A startup that allows artists to create generative AI models based on their own work has raised £3.4m in a seed funding round. Generative AI models being used to create art has been a controversial practice ever since tools like OpenAI’s Dall-E first showcased the technology’s ability to rapidly produce illustrations of all styles. There ... Read more ›
3
Downing Street quietly bowed to pressure last week on sweeping changes it had proposed to the UK’s graduate visa route, leaving the option for international students to remain in the country after completing their studies — for now. Warned that it had picked the wrong fight and was overlooking the immense value that international graduates ... Read more ›
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This week’s UK tech funding deals include EV battery storage company Zenobe, financial product management platform FintechOS, AI-powered insurtech Intelligent AI and more. UKTN tracked £487.7m worth of UK tech investment this week (May to May), a 31% week-on-week increase, across 14 funding rounds. This week’s tech funding was largely skewed by a £410m debt ... Read more ›
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Ed Bradley is the co-founder and CEO of Virtualstock, a dropshipping marketplace management software company. The Reading-based company’s software is used as a supply chain platform to manage returns, stock updates, invoices and more. Founded in 2004, Virtualstock works with retail brands such as B&Q, John Lewis and Argos. Bradley initially financed the business with ... Read more ›
1
Cambridge Future Tech, a group supporting the commercialisation of university research, has raised $5m (£3.94m). Launched in 2022, Cambridge Future Tech works with universities and tech transfer offices to form new spinout companies. The group acts as an operational co-founder, aiming to find the best route to commercialisation for each venture. Cambridge Future Tech focuses ... Read more ›
0
London has been named the best city in the world to create, develop and deploy technology, according to a new index. The latest Smart Centres Index from the commercial think tank Z/Yen has placed the UK capital at the top for the second time in a row after it overtook New York last year. The ... Read more ›
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Over the past five years, the UK fintech sector has undergone significant changes driven by technological advancements and regulatory reforms. These developments have collectively fostered growth and innovation while presenting new challenges for companies operating in this environment. Aleksei Glukhov and Evgeny Mishchenko, co-founders of the British fintech company Payrow, share their insights about these ... Read more ›
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Most popular sources
Tech Wire Asia
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27% 21 |
Business Insider
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23% 2 |
CNET
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8% 5 |
Gizmodo
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5% 1 |
Eurogamer.net
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5% 1 |
| View sources » | |
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28.11.2024 10:52
Last update: 10:46 EDT.
News rating updated: 17:41.
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