Three UK pension funds have agreed to invest in the UK venture capital (VC) market via a fund coordinated by the British Business Bank. The government has been encouraging pension funds to direct their considerable capital away from traditional cautious investments and towards high-potential, riskier VC opportunities as a way to increase the flow of ... Read more ›
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The UK’s competition regulator has unveiled plans to target anti-competitive behaviour in the cloud market after engaging with its largest players. Since the introduction of the new digital markets competition regime, the Competition and Markets Authority (CMA) has been conducting investigations to determine the extent to which large firms control various industries. It has acted ... Read more ›
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The UK’s data regulator has called on businesses to review their practices related to automating the hiring process to ensure the right protections are in place. The use of AI as a part of the hiring process has become extremely common, with numerous automated tools available to sort through candidates, scan CVs and other materials ... Read more ›
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AI-powered debt intelligence platform 9fin has been crowned a unicorn following a new $170m (£128.8m) Series C investment. Now valued at $1.3bn, 9fin intends to grow its AI capabilities, expand its proprietary dataset and continue its growth in the US. The London-headquartered firm, which raised $50m (£38m) in 2024, has built technology to provide information ... Read more ›
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This week’s podcast guest is Katie Gallagher OBE, managing director of Manchester Digital, who discusses why the city is being seen as a blueprint not just for tech start-ups but for wider economic growth too. Gallagher chats about Manchester’s rich heritage in digital technology from cyber-security to e-commerce and how it is building on that ... Read more ›
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In the global race for technological leadership, the past year has been defined by ambition. Strategies have been set, funding announced, and priorities outlined. But as with any frontier technology, a strong start is not the same as a finished job. This month, the UK took a more concrete step forward. The government’s £2bn investment ... Read more ›
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The government must act now to enforce anti-fraud standards on social media platforms, according to a trade body representing the payments sector. The Payments Association (TPA) has for some time now be calling for the burden for both tackling fraud and reimbursing its victims, currently placed heavily on the payments sector to be shared with ... Read more ›
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San Francisco-based data and AI tech giant Databricks has announced plans to invest more than $850m (£644m) in the UK to support its expansion in the country. The investments, to be made over the next three years, will see Databricks quadruple its physical footprint in London with a new 137,000 sq ft headquarters. It has ... Read more ›
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A Cambridge-based startup using AI to support the cancer diagnostic process has raised £8.7m in a funding round that included Macmillan Cancer Support. Lucida Medical has developed an AI-powered diagnostic service that supports the efforts of clinicians to diagnose prostate cancer from MRI scans. Already being used within the NHS, Lucida’s diagnostic service has been ... Read more ›
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Nothreat, a UK-based cybersecurity startup, has been selected to join PSG Labs, an accelerator programme run by French football giant Paris Saint-Germain. Based in the iconic Parisian tech cluster Station F, PSG Labs was launched by the Ligue 1 champions to provide up and coming tech companies with support from its business and digital experts, ... Read more ›
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Empirical Ventures, a UK-based investment group that backs entrepreneurial scientists, has secured a £10m commitment from the British Business Bank. The investor has a stated mission of backing “Venture Scientists” in the UK, based on the idea that the businesses that will solve our greatest problems will be built by exceptional scientists that could otherwise ... Read more ›
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Aura Life, a digital end-of-life preparation platform has secured backing from YFM Equity Partners as looks to its next phase of growth. Founded in 2019 by Paul Jameson, David Jameson and Ben May, Aura Life was launched when the following the diagnosis of a motor neurone disease in the former. His experience navigating end-of-life planning ... Read more ›
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The University of Glasgow and Lloyds Banking Group have launched a new research partnership that will explore how AI can support software and data engineering. The partnership, which will take place over the next four years, will see the organisations explore how large language models(LLM)-based coding and agentic AI tools can be used to improve ... Read more ›
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This week’s UK tech funding deals include AI notetaker Granola, service charge collection and allocation platform TiPJAR and more. UKTN tracked £131.1m worth of UK tech investment this week (23 March to 27 March), a 144% week-on-week increase across seven funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Granola – £93.4m ... Read more ›
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Five companies are under investigation as part of a crackdown on fake reviews from the Competition and Markets Authority (CMA). Online vehicle retail platform Autotrader, review platform Feefo, funeral company Dignity, online takeaway service Just Eat and restaurant brand Pasta Evangelists are being investigated by the CMA. The regulator has noted the significance of online ... Read more ›
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Matthew Wilson is co-founder and chief executive of Jack & Jill, an AI-powered recruitment firm that learns a persons skills and experience and match them to appropriate companies. In this week’s Founder in Five Q&A, Wilson discusses why aligning your ambitions with a self-starting team is more motivating than management, how agentic AI has transformed productivity ... Read more ›
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The British Business Bank has joined the Series C round of warehouse intelligence and robotics group Dexory with an £8.5m investment. The London-based firm, which develops fully autonomous warehouse products, announced a £123m Series C funding round in October last year that came just a year after its £60m Series B. Dexory’s latest round was ... Read more ›
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More people in the UK support the introduction of digital IDs than oppose it, according to new polling published by a prominent think tank. According to a poll of more than 2,000 UK adults published by the Tony Blair Institute, 43% of respondents were said to support the technology, compared with 37% who oppose it. ... Read more ›
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Bioniq, a London-based health startup backed by football star Cristiano Ronaldo, has agreed to be acquired by US wellness group Herbalife. Founded in 2019, Bioniq develops personalised health products and supplements. Its conscious product offering caught the attention of several well-known athletes turned investors, including Ronaldo’s former Manchester United teammate Diogo Dalot. Herbalife, the California-headquartered ... Read more ›
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Theia Insights, a software firm launched to address a major blind spot in financial market investments, has raised $8m (£6m). Named after the Greek goddess of sight, the Cambridge-based company was launched to resolve an oversight in the categorisation of financial assets. While financial markets can often assign individual companies with simplistic category labels such ... Read more ›
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20.04.2026 03:31
Last update: 03:25 EDT.
News rating updated: 10:20.
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