Investment group Seraphim Space has announced the first close of its second early-stage space tech venture fund. The Seraphim Space Venture Fund II (SSV II) will back early-stage space tech startups from seed to Series A round. A Seraphim spokesperson declined to comment on the target size of the fund, but said it would be ... Read more ›
1
The government has launched a pilot scheme that will provide entrepreneurs with informal advice on AI regulations. The AI and Digital Hub will see regulators including the Competition and Markets Authority, Ofcom, the Financial Conduct Authority, and the Information Commissioner’s Office share information with businesses to help them navigate the UK’s regulatory environment. The pilot, ... Read more ›
2
AI-powered sustainable real estate analytics firm Infogrid has appointed the co-founder of US climate tech unicorn Arcadia as its new CEO. Kate Henningsen will take over as CEO of London-based Infogrid, which last year closed a £72.4m Series B round. Henningsen launched Arcadia in 2015 and served as the firm’s COO for nine years. During ... Read more ›
2
Google will merge its AI safety team with its DeepMind division as it ramps up its focus on AI development. The Responsible AI team – tasked with Google’s AI safety plans – will be moved into DeepMind, the UK-founded AI company that became part of Google in 2014. The consolidation will see the researchers from ... Read more ›
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Do you have your sights set on a promotion in 2024? In the past, workers have been taught that honing tangible technical skills is the best way to set themselves apart from the competition. However, as machines are steadily picking up the technical skills that only humans performed in the past, soft or human skills are ... Read more ›
0
Ofcom is exploring the use of automation to fulfil digital protection requirements from the Online Safety Act, in a potential boost for AI content moderation startups. The British media regulator is charged with implementing the recently established act enforcing online safety, particularly for children. Ofcom said on Friday it would “signal plans to develop additional ... Read more ›
2
Matt Bird is the co-founder and CEO of Lemon, a platform for small and medium businesses to manage their software as a service spending. Co-founded by Bird and James Lewis in 2023, the Manchester-based startup provides tools for businesses to spot where they might be overspending on software subscriptions. This week the company raised £500,000 ... Read more ›
0
This week’s UK tech funding deals include flying taxi company Skyports, Scottish rocket manufacturer Orbex, generative AI legal assistant Lawhive and more. UKTN tracked £176.6m worth of tech funding deals this week (15 April to 19 April), a whopping 316.5% week-on-week increase. Here’s your weekly roundup of UK tech startup funding. Skyports – £88m Sector: Mobility ... Read more ›
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Scottish rocket manufacturer Orbex has raised £16.7m as it gears up for the launch of its satellite transportation vessel Prime. One of just two UK-based space rocket manufacturers – the other being fellow Scottish firm Skyrora – Orbex has secured the investment as an initial fundraise for its upcoming Series D round. The space tech ... Read more ›
2
The first UK Tech Week is just around the corner, with more than 30 confirmed events set to take place across the nations and regions. The inaugural event, running from 23 April to 25 April, aims to showcase the tech innovation and entrepreneurism taking place across the UK. UK Tech Week will see separate events ... Read more ›
0
London-based AI unicorn Stability has laid off about a tenth of its workforce as part of a “strategic plan to reduce” costs just weeks after the departure of its founder and CEO. The layoffs, affecting around 20 staff, were announced by Stability in a company-wide memo on Wednesday evening, first published by Business Insider. The ... Read more ›
9
Tangent, a jobseekers network targeting aspiring tech workers from less advantaged backgrounds, has raised $1.1m (£882,000). Founded by former LinkedIn employee Gary Izunwa, Tangent is a platform that connects jobseekers from low socioeconomic backgrounds with people in tech offering mentorship and referrals. The recently launched Tangent network is initially starting with entry-level tech sales roles, ... Read more ›
1
A group of tech companies in the north of England have called for the creation of a Manchester-based digital investment fund to help challenge the “dominance of London and the South East”. Industry body Manchester Digital and several tech firms based in the north or with a significant northern presence – including Auto Trader, BT ... Read more ›
6
Wagestream, a flexible earnings platform used by Asda, Burger King and Bupa, has closed a £17.5m funding round. Founded in 2018, Wagestream is a platform for shift workers to access earnings from completed work before designated paydays. Wagestream also offers users debt advice and savings options. The company said a significant portion of its users ... Read more ›
0
Venture capital (VC) funding in the UK has dropped for the third consecutive quarter, with minimal rounds taking place for later-stage companies, new data has shown. VCs invested £2.4bn into UK tech firms in the first quarter of the year, according to the European Venture Report from PitchBook. This is a 25% drop from the ... Read more ›
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Skyports has secured $110m (£88.3m) to build vertiports that can support the take-off and landing of flying taxis in Dubai ahead of a targeted 2026 launch. The London-headquartered flying taxi infrastructure company said it will also use the Series C funding to develop its drone services, which include medical deliveries and asset inspection. The funding ... Read more ›
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The UK Space Agency has made £8m available to back early-stage space tech companies via the UK Innovation and Science Seed Fund (UKI2S). As part of the government’s decade-long plan to advance the UK space industry, the national space agency has earmarked funding for a space tech portfolio backed by UKI2S, a fund managed by ... Read more ›
9
HealthKey, a digital platform for users to manage healthcare treatments and services from a variety of sources, has raised £1.1m in a round led by insurance giant Aviva’s venture capital arm. The startup’s platform presents a variety of health and wellbeing products and services. Its portal combines employer health budgets and insurance benefits with salary ... Read more ›
1
Fintech has returned to being the UK’s most-funded tech sector but the country is at risk of losing its crown, according to a handful of new policy recommendations from the likes of Monzo, Revolut and The Tony Blair Institute for Global Change. Two major fintech policy reports have been published this week as data revealed ... Read more ›
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Glasgow-founded digital pharmacy startup Phlo has secured a £9m investment as it looks to continue its expansion across the health market. Phlo was founded as a digital pharmacy offering ordering, managing and delivery tracking services for prescription medication. The company has since expanded its product suite to include a digital infrastructure platform for healthcare providers ... Read more ›
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Most popular sources
Tech Wire Asia
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31% 25 |
Business Insider
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25% 1 |
CNET
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9% 4 |
Eurogamer.net
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5% 0 |
Android Authority
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4% 1 |
| View sources » | |
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28.11.2024 14:49
Last update: 14:40 EDT.
News rating updated: 21:43.
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