Less than a fifth (19%) of organisations in the UK have implemented a comprehensive AI strategy, despite widespread adoption, according to new research. Research from the law firm Shoosmiths with FT Longitude has found that AI governance is not a top priority for many firms, with less than a quarter (24%) citing regulatory compliance as ... Read more ›
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Software-focused growth equity firm Expedition Growth Capital has announced that it has raised a third investment fund, worth $375m (£283.8m). Founded in 2020, the London and Boston-based investor counts 17 software firms in its portfolio across nine European countries. According to Expedition, it favours backing founders with a “use” but not a “need” for capital. ... Read more ›
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This week’s podcast guest is Abu Bakkar, chief innovation officer at HLB International, who discusses how artificial intelligence is transforming the priorities of the professional services sector, the challenges this presents to the next generation of consultancy recruits and why upskilling has become mandatory. HLB International is a global network of advisory and accounting firms. ... Read more ›
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London-based payments firm Sokin has increased its valuation to $300m (£226m) after securing a $50m (£37.7m) Series B investment. Known for its business-facing cross border payments products, Sokin has seen a period of rapid growth, with its reported revenue doubling year-on-year. Looking ahead to the next 12 months, Sokin said it will continue to build ... Read more ›
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Plans to significantly expand data centre infrastructure has been highlighted as a growing factor in the delaying of housing delivery in London, according to a new local government report. In a new report, the Planning and Regeneration Committee of the London Assembly warned that rapidly growing electricity demand in London, driven substantially by the expansion ... Read more ›
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Wayve, the London-based autonomous driving software unicorn, has acquired data quality assurance startup Quality Match as it pursues data accuracy as a cornerstone of its strategy. Based in Baden-Württemberg, Germany, Quality Match specialises in interpreting and analysing data used to train AI models for a variety of applications, including autonomous driving. With Wayve working towards ... Read more ›
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The government-appointed AI Energy Council will meet on Monday with reformations to the energy grid and building new infrastructure at the top of its agenda. Last month saw two new regions, North and South Wales, designated as AI Growth Zones, putting greater pressure on the council to finalise plans to ensure the UK’s energy grid ... Read more ›
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Amidst a cost-of-living crisis, economic stagnation and rising business uncertainty, delivering a budget to reassure the nation felt like an unenviable task for the government. With pressing concerns about the tax burden and the stability of the wider economy, it was important that the budget did not lose sight of the innovators and scaling businesses ... Read more ›
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BSF Enterprise, a London-listed biotech with operations in Newcastle, is in the process of raising £15m in equity funding to support the commercialisation of its engineered tissue technology. Founded in 2018, BSF Enterprise specialises in tissue-engineered materials and has notably been involved in lab-grown meat development as well as deploying manufactured tissue across a variety ... Read more ›
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London-based fintech Wise will expand to Africa for the first time, having secured regulatory approval from the South African Reserve Bank. Under its new regulatory licence, Wise has been approved to operate as a Category 2 Authorised Dealer in Foreign Exchange with Limited Authority. With its approval secured the London-listed group now aims to begin ... Read more ›
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The government has been called on to create a National AI in Engineering Strategy following a new report from Autodesk and The Association for Consultancy and Engineering (ACE). The report argues that the UK’s progress on AI adoption is rapidly outpacing the policy framework intended to support it, and warns that a lack of a ... Read more ›
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Whitespace, an AI software solutions provider based in Belfast has secured a £10m Series A investment. Founded in 2015, Whitespace specialises in sovereign AI, providing its operating system to defence and national security organisations. “This raise gives us the capacity to deliver sovereign AI capability at national scale — building technology that the UK can ... Read more ›
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This week’s UK tech funding deals include AI procurement and supply chain group Procure AI, automated deal negotiator Monq and more. UKTN tracked £32.91m worth of UK tech investment this week (24 November to 28 November), a 75% week-on-week decrease across eight funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Procure ... Read more ›
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Negotiations for the UK to provide financial support for a European Union defence tech fund have reportedly broken down over the price tag. The UK was said to be in talks to back the Security Action for Europe (SAFE) fund, a vehicle worth hundreds of billions to provide financial assistance to participant states to invest ... Read more ›
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Jonathan Horn is the founder and chief executive officer of Treefera, a startup using AI to map supply chain conditions. In this week’s Founder in Five Q&A, Horn discusses how a background of farming, physics and finance led him to founding his company, why finding the right head of product was a surprisingly difficult challenge and ... Read more ›
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Tyten, a startup developing AI facilities management technology, has secured a £750,000 investment from Fuel Ventures and Concrete Ventures. Founded in 2024, Tyten is targeting the £60bn British facilities management market – worth over $1tn globally – which it claims has so far been underserved by the rise of tailored automation tools. The startup has ... Read more ›
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The chief executive of Getty Images has said his company would have to evaluate whether it was worth continuing its UK operations in the case that British regulators block its £3bn acquisition of Shutterstock. The Competition and Markets Authority (CMA) has been closely investigating the deal, with concerns that the combined entity of Getty and ... Read more ›
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A new £1.7bn investment package has been confirmed for European Space Agency (ESA) programmes that will go towards contracts for UK industry and universities. Agreed at the ESA Council of Ministers in Bremen, Germany, the new funding brings the UK’s current level of support for ESA programmes to £2.8bn over the next decade. The UK ... Read more ›
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Neuracore, a London-based startup that aims to “democratise access to robot learning tools”, has raised a $3m (£2.26m) Founded in 2024, Neuracore describes itself as a robot learning platform. The company works with various robotics teams offering the infrastructure and data technology to accelerate the route to deployment of new robotic products. “Our mission is ... Read more ›
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StirlingX, a British startup using drones to capture data intelligence from complex environments, has extended its seed investment round to $11m (£8.3m). The company designs and manufactures drones, autonomous systems and data analytics solutions which are deployed across a variety of projects. Its drones can supposedly analyse the surroundings to provide data-backed decision-making support. StirlingX ... Read more ›
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13.06.2026 05:01
Last update: 04:55 EDT.
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