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 ›
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Quantum startup Aquark Technologies has secured a £3.4m contract from Innovate UK to develop a high-performance cold atom clock. The Southampton-based startup is working towards what it says will be the UK’s first commercially available cold atom clock. Cold atom clocks are tools to precisely measure time by cooling atoms to near absolute zero. Aquark ... Read more ›
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This week’s UK tech funding deals include fintech giant SumUp, digital-only AI-powered insurance provider Urban Jungle, quantum computing specialist Riverlane and more. UKTN tracked £1.44bn worth of UK tech investment this week (29 April to 3 May), a 3,011% week-on-week increase across 17 funding deals. This surge is skewed by the £1.28bn in debt financing secured ... Read more ›
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Jules Goldberg is the founder of Sleepwave and SnoreLab, which are both apps that aim to improve an individual’s sleep. Goldberg taught himself to code and first launched SnoreLab, an app to record and measure snoring, in 2012. He says the app has gone on to be downloaded over 14 million times. In 2022, Goldberg ... Read more ›
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Norfolk may be known for its picturesque towns and man-made broads but its fintech sector could be worth £100m by 2027, according to a new report. The East of England county is home to 24 fintech companies that have collectively raised £49m in investment, a report commissioned by advocacy group Tech East has found. It ... Read more ›
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The implementation of age verification technology developed by a British digital ID startup is at the centre of an Ofcom investigation into creator platform OnlyFans. Ofcom said it had opened an investigation into London-based OnlyFans – known for hosting sexual content – as it has “grounds to suspect the platform did not implement its age ... Read more ›
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A Bristol-based startup has now raised nearly £1m in funding after securing a government grant to develop its heat pump technology. Founded in 2022, Nusku said it is applying for a patent for its heat pump system that it claims can be installed in a few days rather than a week. The air source heat ... Read more ›
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Symbe, a platform that uses AI to create business cases for sales teams, has raised £1.2m in a pre-seed funding round. The platform aims to cut down the labour-intensive practice of creating business cases, which is a presentation demonstrating the value, terms and metrics of a purchase to clients. The process typically involves significant manual ... Read more ›
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London-based insurtech startup Urban Jungle has raised £11.2m in a follow-on investment from its previous backers. The digital insurance provider offers plans to homeowners and renters, claiming to have gained over 200,000 customers in the UK. The online-only insurance provider incorporates AI technology for fraud detection. Urban Jungle said its anti-fraud software drives down the ... Read more ›
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UK tech incorporations reached a five-year high at the beginning of the year despite a slowdown in venture capital funding, according to new research. Analysis of Companies House data by accountancy firm RSM found that there were 13,802 tech incorporations in the first quarter of 2024, up 11% compared with the same period the year ... Read more ›
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Cambridge tech firm Riverlane has been awarded a £2.1m grant from Horizon Europe to develop its quantum error correction decoder. The quantum startup has become one of the best-funded in its field in the UK, closing a £15m Series B round last year. The European Innovation Council (EIC) Transition grant, funded by the Horizon Europe ... Read more ›
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Liverpool-based investor Baltic Ventures has launched its 2024 accelerator programme with plans to back 12 UK startups. The group has opened applications for its 2024 cohort, with each startup to receive mentoring and networking opportunities along with a £30,000 investment. The announcement from Baltic follows the group launching its first accelerator programme last year at ... Read more ›
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Cambridge-based biotech company Sphere Fluidics has announced the appointment of a new CEO, following the retirement of co-founder Dr Frank F. Craig. Sphere Fluidics develops cell analysis systems based on its proprietary microfluid platform. Called picodroplet, the company’s technology is used to support biomedical research and drug development. The firm has been run since its ... Read more ›
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London-based Jigsaw has raised $15m (£12m) for its AI-powered business diagram builder in a round led by a backer of French unicorn Mistral AI, Exor Ventures. Founded in 2019, Jigsaw’s platform visualises complex business deals. The automated technology rapidly generates diagrams including corporate structure charts, organisational charts, data flows and more. The company claims it ... Read more ›
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This week’s UKTN Podcast guest is Flexa CEO and co-founder Molly Johnson-Jones, who discusses the future of flexible working, how companies can “turn hiring into marketing” and why she thinks some corporate CEOs are using flexible working as a scapegoat for innovation failures. Flexa is a careers platform that aggregates a company’s workplace benefits ... Read more ›
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Four months in, it’s already clear that many of the decisions that will define 2024 will be made in the polling booth. With our friends in India embarking on an electoral process due to last a full month, partisan lines are also being drawn closer to home as UK voters prepare to take to the ... Read more ›
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Turkish rapid grocery delivery startup Getir will exit the UK and several other markets as part of a major restructuring of the business. The company confirmed on Monday it is pulling out of the UK, Germany, the Netherlands and the US. Rumours of the firm’s UK exit were reported earlier this month. The Getir-owned US ... Read more ›
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London-based event accreditation software provider Accredit Solutions has received a £10m investment from Gresham House Ventures. Founded in 2017, Accredit Solutions works with event organisers by providing software to assess the security risks of incoming personnel. Specialising in sports – having worked with the likes of the Premier League, NFL and NBA – Accredit collects ... Read more ›
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Microsoft’s UK business reported a profit surge last year after the group boosted its revenues to £8.4bn, up from £6.3bn the year prior. The UK entity of the US tech giant cited extra demand for its cloud services as driving the 33% increase in turnover, financial filings show. For the year ended 30 June 2023, ... Read more ›
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The rise of artificial intelligence is often met with mixed emotions. While many fear that this powerful technology will replace their jobs, some see it as an opportunity to reskill and embark on an exciting new career path. It seems that the people of Wales are in the latter camp. New research from the Robert ... Read more ›
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In partnership with Lloyds Bank As the UK’s second largest city, it shouldn’t be a surprise that Birmingham is one of the UK’s most significant tech and business hubs, home to more than 2000 tech startups and more than 6000 tech businesses overall. In fact, the tech sector in the West Midlands was named the ... Read more ›
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Most popular sources
Business Insider
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27% 1 |
Tech Wire Asia
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26% 19 |
CNET
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8% 2 |
Eurogamer.net
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5% 1 |
Android Authority
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5% 0 |
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28.11.2024 17:47
Last update: 17:35 EDT.
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