This week’s UK tech funding deals include record-breaking quantum computing group Oxford Quantum Circuits, Newcastle spinout Gnosis Health and more. UKTN tracked £480.1m worth of UK tech investment this week (1 June to 5 June), a 367% week-on-week increase across 12 funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Oxford Quantum ... Read more ›
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New investments and policies supporting the AI, semiconductor and data industries of Wales could create a “radically better future” for the region, and for the UK’s tech minister and MP for Vale of Glamorgan, it is about more than just growth. Tech Minister Kanishka Narayan co-chaired his first Semiconductor Advisory Panel in South Wales on ... Read more ›
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Oisin Hanrahan is the founder and chief executive of Keychain, an AI-powered manufacturing platform just recently backed by Tesco, among others, in a £7.5m funding round. In this week’s Founder in Five Q&A, Hanrahan discusses why it is a founder’s approach to mistakes that means more than trying to be perfect, why shifting mindsets when the ... Read more ›
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Azoma, a startup developing search visibility technology optimised for AI, has become the latest in its burgeoning sub-sector to secure funding, raising a pre-Series A investment of $4m (£3m). AI search is attempting to carve itself out as the new standard for online browsing, impacting billions in industries like ecommerce. This has naturally led to ... Read more ›
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The UK and Germany have announced plans to deepen collaboration on quantum technologies, backed by a £14m funding package, UKTN can exclusively reveal. The deal was secured as part of a suite of science and tech announcements that have come following a state visit to the UK from German President Frank-Walter Steinmeier this week. As part of ... Read more ›
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BT has launched a new platform offering a suite of “digital sovereignty services” for UK businesses as geopolitical instability makes sovereignty a top priority. Digital sovereignty is essentially the ability to have your tech infrastructure, digital services and operations contained within your home country. The level of influence of international tech providers has come into ... Read more ›
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The UK tech sector’s response to last month’s Autumn Budget was mixed: while many welcomed the expanded investment incentives, concerns about the overall tax burden remain. Chancellor Rachel Reeves’ budget was the government’s strongest opportunity to directly address the needs of the UK’s business community, but as revealed in a recent roundtable hosted by RSM ... Read more ›
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It is a well-established truth that small and medium-sized enterprises (SMEs) make up the vast majority of businesses and contribution to global GDP. But while the economic importance of small businesses has been known for decades, a fundamental shift is taking place, one that could radically alter what makes SMEs thrive and how an entrepreneur ... Read more ›
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In collaboration with PartnerBridge When founders build their go-to-market (GTM) strategy, focus usually lands on product, pricing, positioning and sales. Partnerships often get deferred, viewed as a “nice to have” reserved for when revenue becomes more predictable. But in today’s market, ignoring partnerships comes with a very real cost – specifically slower growth, higher acquisition ... Read more ›
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The infrastructure and technology to enforce an under-16s social media ban is working and in place, according to London-based digital ID group Yoti. Ahead of the enforcement of the under-16s social media ban in Australia, set for 10 December, Yoti assured UKTN that the technology behind the bold move “works at scale”, amid speculation that similar actions ... Read more ›
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There was a significant amount of noise around potential tax changes in the lead up to the Autumn Budget, so now that it is behind us, what do the announcements mean for the technology industry? Our recent survey to technology leaders found 76% of businesses felt confident that their business will grow under the current ... Read more ›
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Technology Secretary Liz Kendall has called on the regulator Ofcom to take “immediate action” to protect children from the dangerous elements of AI chatbots. Kendall told parliament on Wednesday evening that the regulator must use its existing powers to ensure AI chatbots are safe children, amid growing concern in the Tech Department about the dangers ... Read more ›
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The Department for Science, Innovation and Technology (DSIT) has launched a cyber runway scheme in partnership with Plexal to use SMEs to bolster the digital defence of UK critical national infrastructure (CNI). The Cyber Runway CNI programme, in accordance with September’s Cyber Action Growth Plan, will see SMEs contribute capabilities towards strengthening the defence of ... Read more ›
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Searchable, a London-based startup that works with brands to improve visibility in the age of AI search engines, has raised $4m (£3.1m) in seed funding. The startup was launched in response to efforts from companies like Google and OpenAI, which have been integrating AI heavily into traditional web searching. For years brands have practiced the ... Read more ›
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UK-based smartphone challenger firm Nothing has launched a “community investment round” targeting $5m (£3.8m) offering the chance for users to invest in the company. Nothing secured a $1.3bn valuation in September off the back of a $200m Series C round led by Tiger Capital. The company is now looking to deepen the involvement of its ... Read more ›
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The UK finance watchdog has announced it is working with major firms to test artificial intelligence (AI) technologies safely to better understand the potential risks and benefits. The Financial Conduct Authority (FCA) said on Wednesday it has launched the AI Live Testing initiative, a first of its kind scheme in the finance sector to help ... Read more ›
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Modo Energy, a tech firm building software to value electrification assets, is planning to rapidly expand its business off the back of a £25m Series B investment. Currently operating in five markets, Modo Energy plans to expand to 20 after securing its lates capital injection. The firm is developing AI-powered software systems to assign valuations ... Read more ›
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British trade organisation the Nuclear Industry Association (NIA) has claimed that the UK will lose the global AI race without “urgent action” to increase the country’s nuclear capacity. In a new report the NIA found that the electricity demand from UK data centres is set to increase by more than fivefold by 2030, driven by ... Read more ›
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Climate impact specialist investor Elbow Beach will be working with clean tech founders from Imperial College London as part of a joint programme to advance the sector. The partnership will see the investment firm work with the Grantham Institute, a climate change focused research facility at the university and the Dyson School of Design and ... Read more ›
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A new frontier AI research lab is coming to London via a five-year partnership between Thomson Reuters and Imperial College London announced on Tuesday. The lab will focus on foundational challenges regarding safety, reliability, frontier capabilities and broader societal and economic impacts in an effort to pursue world-leading academic research in AI. It will also ... Read more ›
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UK-based venture capital (VC) funds have been quietly outperforming equivalents in the US and Europe since 2020, according to a new report. Research from the British Business Bank has found the UK VC market has performed well compared to counterparts in other regions. The report looked at VC funds launched between 2020 and 2023 and ... Read more ›
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13.06.2026 06:57
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