This week’s UK tech funding deals include AI material discovery company CuspAI, biomaterial developer Ponda and more. UKTN tracked £565.3m worth of UK tech investment this week (20 July to 24 July), a more than 400% week-on-week increase across 11 funding rounds. Here’s your weekly roundup of UK tech startup funding deals. CuspAI – £334m ... Read more ›
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The government has been urged by prominent Labour backbenchers to introduce legislation that would require banks to expand access to low-cost lending for SMEs. A private members bill introduced to the House of Commons by Labour MP and former minister Gareth Thomas laid out plans to further combat a weak economy with a mandate for ... Read more ›
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Danske Bank UK has appointed Dr Fiona Browne as its first head of artificial intelligence to lead the strategic development and use of AI across the bank. In her new role, Browne will lead a new AI centre of excellence in Belfast and work alongside Danske Bank UK’s head of data and analytics, Lyndsay Shields, ... Read more ›
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UK tech had a tumultuous year in 2025, with headlines dominated by AI, cyber attacks and a challenging investment environment. AI in particular had a significant moment, with its evolution providing a productivity boost to resource-scarce startups while also creating new challenges surrounding compliance and safety. When UKTN asked a series of industry experts about ... Read more ›
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Ofcom has proposed the next steps in plans that would see mobile masts and Wi-Fi routers in different locations use parts of the same frequency band to transmit their signals for the first time. Historically, mobile and Wi-Fi services have had to use different parts of the radio spectrum – the wavelengths used for wireless ... Read more ›
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Zilch has acquired Lithuanian lender Fjord Bank, giving the London-based fintech unicorn a European banking licence and a huge step forward in its expansion plans. Zilch will purchase 100% of Fjord Bank and will establish Lithuania as its European headquarters, using Vilnius as its operational and regulatory platform for expansion across Europe. Launched in 2021, ... Read more ›
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Nearly half of UK business owners and CEOs say they are more willing to take risk than a year ago, signalling a growing sense of optimism about future growth, according to new research released by private equity firm ECI Partners. The survey shows 47% of respondents now have a higher appetite for risk, compared with ... Read more ›
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The UK’s investment in the fintech market reached £2.6bn in 2025, making it the second highest sector investor globally according to a new report published by Innovate Finance. The industry body’s 2025 global fintech investment report shows a strong rebound in funding worldwide, with global investment reaching £39.4bn in 2025 – up 21% from 2024 ... Read more ›
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Engitix, a biotech company targeting the extracellular matrix (ECM) to develop therapies for cancer and fibrosis, has closed £18.6m in series A extension funding. Engitix leverages deep, high-resolution ECM data to identify disease-associated signatures and translate them into therapeutics designed to act precisely within diseased tissue microenvironments. The investment will be used to continue preclinical ... Read more ›
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Dating app and social media users are to be better protected from cyberflashing after a new law compelling tech firms to stop this type of content before it reaches users comes into force today. Cyberflashing is a term used to describe the act of someone sending a photo or video of their or someone else’s ... Read more ›
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Over half (59%) of CFOs at the UK’s largest businesses have become more optimistic over the past 12 months about the potential for artificial intelligence to boost organisational performance, up from 39% in Q3 2024, according to Deloitte’s latest UK CFO Survey. CFOs overwhelmingly (96%) expect to see a rise in investment in digital technology ... Read more ›
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Private equity investor LDC, part of Lloyds Banking Group, has exited its investment in independent connectivity provider Wifinity. London-based Wifinity delivers tailored connectivity solutions that traditional telecom operators lack the capability and service model to provide. The business serves clients across diverse markets including defence, leisure, specialist accommodation, corporate and public sector and offshore. Founded ... Read more ›
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University of Oxford spinout Dark Blue Therapeutics, a discovery and development biotech company pioneering the next generation of precision oncology medicines, has been acquired by Amgen in a deal worth up to £622m. By targeting a specific vulnerability in cancer cells, Dark Blue’s lead candidate DBT 3757 is a first-in-class therapeutic strategy for acute myeloid ... Read more ›
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Gloucestershire-based maintenance tech startup iMaintain has closed its pre-seed funding round at over £250k, with backing from early-stage investment firm SFC Capital. iMaintain is building a platform designed to help manufacturers capture and reuse critical maintenance knowledge, giving teams greater visibility, reducing repetitive faults, and supporting the shift from reactive to reliable operations. By turning ... Read more ›
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A new report from tech and pharma giants including AstraZeneca, GSK and Airbus has showcased the extent growth has spread across the Oxford-Cambridge region – and the impact a lack of rail connections is having on investment. Momentum around the ‘supercluster’ running from Oxford to Cambridge has long centred on high-growth tech and science companies ... Read more ›
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London-based Apex Rides has raised £420k to boost its connected fitness platform built to make studio workouts more accessible, affordable and inclusive. The investment round included participation from FundMyPitch, strategic angels and VCs, and will be used to further invest in product development and the business’s transition to a hardware-agnostic, app-first model. Originally launched with ... Read more ›
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The UK government has introduced new cybersecurity measures to make online public services more secure and resilient so people can use them with confidence, whether applying for benefits, paying taxes or accessing healthcare. Backed by over £210m, the Government Cyber Action Plan sets out how the government will meet the growing range of online threats. ... Read more ›
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Accenture has acquired UK-based AI native services and products business Faculty to help its clients reinvent core and critical business processes with AI. Founded in 2014, Faculty works with public and private sector clients to deploy AI solutions in the UK and other key markets. Its services include AI strategy, AI safety and the design, ... Read more ›
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The London Stock Exchange saw a flurry of IPO activity in the final quarter of 2025 as it positioned itself for a rebound in 2026, says EY’s latest IPO analysis. There were 11 IPOs in the UK in Q4 2025, raising £1.9bn in total. This brought the total number of listings in 2025 to 23 ... Read more ›
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While AI is taking on work across the economy, supervising AI agents is likely to have hidden challenges and these demands must be quantified, acknowledged and built into roles, say researchers from Microsoft and Imperial College London. Published in the Society of Occupational Medicine’s (SOM) journal Occupational Medicine, researchers say AI is likely to make ... Read more ›
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A new innovation centre has opened in West Sussex to support ambitious entrepreneurs in thriving and growing their businesses. Crawley Innovation Centre helps startups, scale-ups and long-established innovative companies by providing an environment that features 24 offices, seven light industrial workshops for prototyping, product testing and demonstrations, co-working and hot desk spaces, meeting rooms, event ... Read more ›
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29.07.2026 12:09
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