Identity verification company Yoti has launched a new tool to combat deepfake scam calls amid the rising threat of cyberattacks. Research has found that in the vast majority of cases of cyber breaches affecting businesses, the primary method from the attacker has been social engineering, impersonating a trusted figure like an IT helpdesk to exploit ... Read more ›
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The Financial Conduct Authority (FCA) has approved the country’s second-ever PISCES platform as it attempts to drive investment and economic growth. The Private Intermittent Securities and Capital Exchange System (PISCES) is a recently approved format for investment that allows private firms to auction off shares to professional and institutional investors without the need for a public ... Read more ›
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Consumer group Which? has warned that UK adults should be more cautious when receiving financial advice from AI chatbots following new research. According to a survey conducted by the group, around half of AI users in the UK trust the information they receive from chatbots to a “great” or “reasonable” extent, rising to two-thirds among ... Read more ›
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Planet Smart, a London-based biomaterials startup developing a biodegradable superabsorbent polymer to replace fossil-based plastics, has raised $1m (£760,000) in a pre-seed funding round. The startup is targeting the sanitary product market, currently rife with harmful plastic waste in products such as nappies and sanitary pads. Planet Smart is developing its plastic alternative, called PlanetSorb, ... Read more ›
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The British Business Bank has invited investors at the earliest-stages to participate in its Microfunds scheme launched to encourage a diverse pool of new venture capitalists. Part of the bank’s £400m Investor Pathways Capital initiative, Microfunds has been designed for first-time fund managers from a wide range of backgrounds looking to build an investment track ... Read more ›
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London-based fintech group Atom CTO will rebrand to Teybridge Tech following its acquisition by Dublin-based firm Teybridge Capital Europe. Founded in 2017, Atom CTO provides startups and scaleups with strategic and operational technology advice. Under the ownership of Teybridge Capital Europe, Atom CTO will continue to be led by co-founder and managing director Bhairav Patel ... Read more ›
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The UK government has launched a £1m sandbox fund to support work researching how bioengineering can help tackle antibiotic-resistant bacteria. Antimicrobial resistance, when bacteria becomes less susceptible to antibiotics, is a major global health concern though to already be responsible for more than one million deaths every year, a figure expected to grow without meaningful ... Read more ›
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This week’s podcast guest is Will Hutton, political journalist, author and academic, who discusses the potential implications of the upcoming Autumn Budget on the British tech industry, why working with the EU is vital for achieving the growth ambitions championed by the government and how the UK can maintain its place on the global tech ... Read more ›
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Artios, a Cambridge-based biotech group researching how to target the DNA damage response (DDR) in cancer, has successfully closed an oversubscribed $115m (£87.3m) Series D round. The new funding will support the firm’s lead programme, called alnodesertib, which is examining therapies for pancreatic and colorectal cancers. With the Series D closed, Artios can also initiate ... Read more ›
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Carbon3.ai, a recently-founded British tech firm, has pledged to invest £1bn in an effort to build the UK’s first “sovereign AI infrastructure network”. Incorporated earlier this year, Carbon3.ai wants to transform legacy industrial and energy infrastructure into sustainably powered AI hubs, which would include data centres, GPUs and energy capacity. The company is hoping to ... Read more ›
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Belfast-based compliance software group AuditComply has been acquired by Toronto-headquartered Nulogy. Founded in the Northern Irish capital in 2014, AuditComply has developed a quality management platform for manufacturers to perform tasks such as tracking suppliers. “We are excited about the next chapter for the business as part of Nulogy,” said Kevin Donaghy, chief executive of ... Read more ›
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Music icon Sir Paul McCartney has become the latest artist to join the track list of a silent album protesting unfair AI practices in entertainment organised by former Stability AI lead Ed Newton-Rex. Is This What We Want is a silent album initially released in February consisting entirely of silent tracks with artists including Damon ... Read more ›
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The deputy chief executive of the Financial Conduct Authority (FCA) Sarah Pritchard has said she would like to “strengthen” regulation on the tech service providers of the UK finance industry. Speaking to The Guardian, Pritchard, who was given the position earlier this year, said the watchdog is “ready” to supervise the role of web services firms ... Read more ›
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Edtech firm Multiverse and software giant Palantir have launched a partnership to upskill NHS staff with the goal of giving workers skills in AI and data practices. The tech firms will work with health service staff on the use of the NHS Federated Data Platform (FDP). Supplied by Palantir, the NHS FDP connects data from ... Read more ›
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This week’s UK tech funding deals include flexible payments fintech Zilch, green mobility insurtech Laka and more. UKTN tracked £169.06m worth of UK tech investment this week (10 November to 14 November), a 1,607% week-on-week increase across six funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Zilch – £134.2m Sector: Fintech HQ: London ... Read more ›
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James Eder is the founder of Student Beans, a student loyalty network that is now part of Pion. In this week’s Founder in Five Q&A, Eder discusses making the most of every opportunity from chance encounters to industry events, knowing when to move on from the startup you have created and why smartphones have become a ... Read more ›
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Laka, a green mobility insurtech, aims to accelerate its mergers and acquisitions strategy with a £6.5m debt facility from HSBC Innovation Banking. The group raised £7.7m in a Series B round earlier this year and has added the debt funding to support its strategic acquisitions and expansion plan. Laka has completed three acquisitions in the ... Read more ›
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Biotechnology group T-Therapeutics has secured a $32m (£24.3m) extension to its Series A round, bringing the total to £69.2m. The University of Cambridge spinout is developing T cell receptor therapeutics for cancer and autoimmune disease. New investors BGF and Tencent have joined the Series A round, which already includes Sofinnova Partners, F-Prime Capital, Digitalis Ventures, ... Read more ›
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Chancellor Rachel Reeves has ruled out imposing an exit tax on business owners moving their firm out of the country in the upcoming budget. Rumours had been circulating that the exit tax was being considered as a way to boost revenue without touching already ruled out tax increases as well as incentivise entrepreneurs to remain ... Read more ›
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Adclear, a London-based fintech compliance platform used by the likes of Plum and PensionBee, has raised a £2.1m seed round. Launched in 2024, Adclear has developed an AI-powered platform that automates compliance checks required of finance companies regarding their marketing content and product updates. Banks, fintechs, trading platforms and crypto organisations use the platform to ... Read more ›
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13.06.2026 06:56
Last update: 06:51 EDT.
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