Cloud and AI efficiency startup Greenpixie has closed a £4.7m pre-Series A round to accelerate its provision of usage-based sustainability data for cloud users. According to figures from the International Data Center Authority (IDCA), data centres are responsible for up to 6% of electricity consumption in the UK and US. It is estimated that almost ... Read more ›
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This week’s UK tech funding deals include DeepMind spinout Isomorphic Labs, clean energy group H2CHP and more. UKTN tracked £2.67bn worth of UK tech investment this week (11 May to 15 May), an enormous increase of more than 1,000% from last week across 13 funding rounds. Here’s your weekly roundup of UK tech startup funding ... Read more ›
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The UK’s Competition and Markets Authority (CMA) has conditionally cleared the proposed £3bn merger of Getty Images and Shutterstock. After an extensive investigation process, the CMA has concluded that the deal, which would create the largest provider of stock images and videos, does not raises concerns for the sector. Though the CMA has cleared the ... Read more ›
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Social media group X has agreed to assess and potentially remove a huge volume of posts containing hateful or suspected terrorist content following demands from Ofcom. X has agreed to implement a review and assessment procedure for UK users that commits it to make a decision within 24 hours of a post being reported. As ... Read more ›
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Dr Julia Cooney is the founder and chief executive of Prema Cognition, a health tech firm developing a new method to detect dementia early. In this week’s Founder in Five Q&A, Cooney discusses why founders need to own the big decisions they make for their companies, her experience founding a startup at the same time as ... Read more ›
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Lightrock, a London-based investment company, has announced the launch of Accelerate7, an investment platform targeting growth-stage companies in South and Southeast Asia and Sub-Saharan Africa. Following the close of $500m (£374.6m), Lightrock’s Accelerate7 with cut checks of between $10m to $50m across sectors including energy, mobility and enabling technologies. The fund has already backed four ... Read more ›
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Multiverse, an edtech unicorn currently focused on digital and AI upskilling, has secured $70m (£52m) in new funding to drive growth across Europe. Founded in 2016 by Euan Blair, son of former prime minister Tony Blair, and Sophie Adelman, Multiverse was launched to help school leavers find apprenticeships and other alternatives to university. In more ... Read more ›
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UK AI and robotics startup Humanoid has signed a phased deployment and supply agreement with Schaeffler to integrate humanoid robots directly into live manufacturing operations. The initial deployment phase, running from December 2026 through June 2027, will take place across two Schaeffler sites in Germany. Schaeffler is a motion technology manufacturer for the automotive, aerospace ... Read more ›
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UK digital bank Kroo has completed a loan portfolio acquisition and entered into a forward flow funding arrangement with specialist bridging lender Glenhawk to support future lending across the UK property market. Under the agreement, Kroo will acquire an existing portfolio of Glenhawk loans while also funding a portion of future bridge loan originations through ... Read more ›
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While much of the world has rushed to embrace AI, perhaps the most enthusiastic users are governments themselves. Certainly, in the UK, the government has made clear not only its support for the sector as a route towards economic growth but has emphatically advocated for its use across public services. As the public sector continues ... Read more ›
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The UK and Europe “can’t rely on the US” to develop thriving space tech industries, according to a leading figure in the sector, as countries move towards a “sovereign approach”. As the home of the largest tech industry, many of the world’s leading experts in the field and the most valuable space company globally, the ... Read more ›
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The UK finds itself at a crucial juncture regarding artificial intelligence. With AI now integrated across a wide range of sectors, the debate has shifted to how it can be implemented in a manner that maintains security and supports sustainable economic progress. Recent initiatives put forward by the Liberal Democrats to reinforce “AI sovereignty” go ... Read more ›
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Quantexa has been awarded a £175m contract and ten-year partnership with HM Revenue and Customs (HMRC) to modernise its data foundation and enable the use of sovereign, governed AI on a national scale in one of the public sector’s largest decision intelligence deployments. London-based Quantexa is a global data, analytics and AI software company using ... Read more ›
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UK AI chip startup Fractile has raised a $220m (£162.8m) Series B round to accelerate the build of its next-generation inference hardware for AI. Inference hardware is designed to run pre-trained AI models and make real-time predictions, decisions or generative outputs. Fractile is developing chips and systems designed to make faster inference economically viable, working ... Read more ›
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New powers to roll out digital IDs, plans to protect data centres from cyber-attacks and financial regulation reforms were among the government plans unveil on Wednesday during the King’s Speech. It is a tumultuous time for Sir Keir Starmer’s Labour government off the back of heavy losses in the recent local elections and a brewing ... Read more ›
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London-headquartered Elliptic has raised $120m (£88.8m) to accelerate its mission to deliver blockchain analytics for banks, fintechs, government agencies and crypto and payments companies. Founded in 2013, Elliptic is a blockchain analytics and compliance platform that provides intelligence, cross‑chain transaction monitoring and risk insights. Its analytics and compliance platform is used to detect illicit activity, ... Read more ›
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Global employee benefits operating system Happl has raised $11m (£8.1m) in an oversubscribed Series A funding round led by Portage Ventures. Founded in 2022, Happl is building a global employee benefits operating system for multinational employers. Its AI-powered platform combines a configurable rules engine, deep integrations and workflow automation to help HR and finance teams ... Read more ›
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The National Wealth Fund has invested £25m in British engineering company Rowden Technologies, marking its first investment directly supporting defence, national security and resilience. The fund is the UK government’s policy bank, which deploys capital to drive investment into the UK’s clean energy and growth industries in support of government policy. The funding will support ... Read more ›
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Google DeepMind spinout Isomorphic Labs has raised $2.1bn (£1.6bn) in Series B funding. Founded in 2021, Isomorphic Labs uses AI to transform and accelerate the drug discovery process. This latest round of investment will scale the companyʼs evolution from pioneering novel AI models to applying them at scale. The Series B round is led by ... Read more ›
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H2CHP, a Durham University spinout developing clean electric generators for data centres and other energy intensive sites, has secured a £1.5m investment round. The company is offering what it calls “fuel-flexible” technology, wherein high-efficiency generators can be run on hydrogen, ammonia, biofuels and e-fuels, mitigating supply-chain risks and reducing emissions with the goal of also ... Read more ›
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04.06.2026 07:25
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