Procure AI, a London-based startup developing “AI-native procurement and supply chain management” technology, has raised $13m (£9.8m) in seed funding. Founded in 2021, Procure AI was created with issues of B2B procurement complexity and constraints in mind, made all the more important this year amid increasingly difficult to predict global tariff policy. The startup said ... Read more ›
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NatWest has agreed to a partnership with four universities that will see it provide targeted support to early-stage businesses, student entrepreneurs and university spinouts. The global bank will work with the University of Manchester, University of Brighton and University of York as well as the Equinox economic growth programme spearheaded by the University of Oxford. ... Read more ›
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Small and medium-sized businesses in the UK have been urged by ministers to be proactive about cybersecurity to avoid the potentially devastating impact of a successful attack. In a letter directed to the UK’s entrepreneurs and small business owners, Liz Lloyd, the minister for digital economy, Blair McDougall, the minister for small business and economic ... Read more ›
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Chancellor Rachel Reeves’ latest budget statement has, as expected, been met with a mixed reaction from the tech, investment and wider business community. While measures to encourage entrepreneurship and scaleup growth have been met with praise, there remain concerns over the tax burden as well as lack of additional support in certain areas. Government should ... Read more ›
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The Autumn Budget Statement was delivered by Chancellor Rachel Reeves on Wednesday afternoon, which saw a host of announcements directed at supporting the UK’s tech and business ecosystem. After a scolding of the commons from Deputy speaker Nusrat Ghani, who expressed concern over excessive leaks, briefings and pre-budget speculation, the chancellor began her statement. Here ... Read more ›
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Councils in the UK are particularly exposed to cyber-attacks, creating dangerous implications for citizens, experts have warned following breaches at several London authorities. The Royal Borough of Kensington and Chelsea and Westminster City Council and potentially other London councils were disrupted over the past few days, with the authorities believed to have been targeted in ... Read more ›
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Two British police forces have become the first in the country to recruit an AI assistant in a new trial testing how the technology can be used to communicate with the public. ‘Bobbi’ the AI assistant is being trialled by Thames Valley Police and Hampshire & Isle of Wight Constabulary. The two forces are testing ... Read more ›
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Carles Reina, an angel investor who has previously backed the likes of Revolut and ElevenLabs, has launched a new solo GP fund worth $15m (£11.4m). Called Baobab Ventures, the new fund will back pre-seed and seed-stage founders with AI, robotics and defence being targeted sectors. Reina said that Baobab’s philosphy is concerned with “building momentum ... Read more ›
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Monq, a new AI startup launched by alumni from Revolut and Deutsche Bank, has emerged from stealth with $3m (£2.3m) in funding. Founded to tackle the manual processes and inefficiencies of high-value multi-million pound supplier contracts, Monq has developed a multi-agent AI system that uses “LLM reasoning, contract intelligence and behavioural sciences” to negotiate them. ... Read more ›
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Tesco is one of the world’s largest retail organisations and among the oldest supermarkets in the UK. But while almost everyone knows the firm from its stores, many may be unaware of the technology used in its operations. In an exclusive interview with UKTN, Tesco product manager Fatemeh Barani discusses the technology that goes into millions ... Read more ›
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Installio, a London-based clean energy and heat pump technology firm, has secured a £1.5m seed investment to support its national rollout. The company is partnering with energy providers and retailers including E.ON Next, Aira and Good Energy alongside contractors, house builders and housing associations to deliver large-scale clean energy retrofit programmes across the country. “We ... Read more ›
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The National Physical Laboratory (NPL) has been tasked with leading a £1.2m initiative to strengthen the UK’s position in the global semiconductor race. Funded by the Department for Science, Innovation and Technology (DSIT), the project aims to establish new metrology capabilities to address critical bottlenecks in semiconductor innovation. Semiconductors are typically made from silicon, however, ... Read more ›
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With the Autumn Budget looming, the UK’s startups and small businesses are in limbo as they await news of what changes could hit their operations. With the sting of the national insurance contribution rises enforced in last year’s Budget still being felt by businesses, signs of more tax rises to come means there could be ... Read more ›
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Ofcom has issued tech firms with new guidance to protect online users, in particular women and girls, and encourage them to go beyond the legal requirements of the Online Safety Act. Under the new guidance, tech firms have been urged by the regulator to implement various measures to make it easier for people to avoid ... Read more ›
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With the Autumn Budget looming, the UK’s startups and small businesses are in limbo as they await news of what changes could hit their operations. With the sting of the national insurance contribution rises enforced in last year’s Budget still being felt by businesses, signs of more tax rises to come means there could be ... Read more ›
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This week’s podcast guest is Amanda Brock, chief executive officer of OpenUK, who discusses how the term open source is so often used incorrectly, why true open source is fundamental to the success of innovation and why AI and its data has created complicated conversations around what it means to be open. OpenUK is the ... Read more ›
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London VC Firgun Ventures has unveiled the first $70m (£53.4m) close of its quantum-focused investment fund. Targeting early growth-stage firms developing quantum technologies, the fund will back Series A and B rounds in the sector. The fund, for which Firgun aims to raise $250m, has secured significant backing from the Qatar Investment Authority as well ... Read more ›
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HubBox, a London-based provider of delivery software for ecommerce retailers, has raised a £6m investment. Founded in 2015, HubBox was launched to offer a solution to the frustration of failed home deliveries. The firm’s software is used by retailers to direct them to local pickup points for flexible deliveries. HubBox said its software is used ... Read more ›
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The British Business Bank will focus its investment efforts on higher risk tech scaleup deals following its mandate to encourage economic growth. The group unveiled a new five-year strategy on Monday in line with instructions from the government, as well as a sizeable funding increase, to grow the economy and reform how small businesses access ... Read more ›
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A new £10m investment fund that aims to be Europe’s answer to Y Combinator has been launched by London-based group Onstage. Known for its Demo Day events that regularly pull in thousands of startups from Europe and put them in contact with top funds from Europe and the US, Onstage believes it is well positioned ... Read more ›
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13.06.2026 05:01
Last update: 04:55 EDT.
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