British unicorns have supported the founding of more startups than any other European country, fresh research has found, highlighting Britain’s continued dominance in the tech sector. Firms worth more than $1bn today have collectively spawned 393 new businesses in the past 25 years, according to figures from Accel. It’s common practice in tech for startup founders ... Read more ›
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This week’s podcast guest is Louise Webster, the founder of Beyond the School Run, who discusses the challenges of balancing parenthood with launching a business, why parents need to be given resources and support to ensure they can thrive as entrepreneurs and how Covid radically reshaped the world of work for the better. Beyond the ... Read more ›
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The vast majority (72%) of the British public would be more comfortable with AI if new laws regulated the practice were put in place, according to fresh research from the Ada Lovelace Institute and the Alan Turing Institute. The figures, from a survey of more than 3,500 UK residents, found the desire for AI regulation ... Read more ›
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Wayve has become Britain’s fastest-hiring tech firm amid a surge in recruitment for roles in AI. The autonomous vehicle startup, which raised $1bn in a funding round in May last year, has added around 200 new roles to its headcount over the past twelve months, according to figures from cord. Wayve has been closely followed ... Read more ›
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The link between wellbeing and performance ‘Wellbeing’ is a term that we now use on a near daily basis having become ingrained in our work and personal lives. COVID-19 brought into sharp focus the need to prioritise our mental, physical and emotional health. As a result, in incredibly challenging times, the tech sector came alive ... Read more ›
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American tech giant IBM is backing a UK state-run plan to increase diversity among cyber workers, despite pressure from the Trump administration to scrap DEI schemes. IBM has agreed a partnership with the UK’s Department for Science, Innovation and Technology (DSIT) and the National Cyber Security Centre (NCSC) to provide the online platform for the ... Read more ›
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Kondor AI has struck a deal to acquire fellow Aquis constituent Ora Technology in an all-share offer as the firms look to consolidate their tech to capitalise on the growing AI agent market. The proposed offer would entitle Ora shareholders to 0.9848 consideration shares in per Ora share sold. The deal would value Ora’s shares ... Read more ›
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Two of the UK’s biggest listed semiconductor firms saw their shares rise today after striking fresh multi-million pound deals. EnSilica shares rose the fastest, up as much as 5% in early London trade, as the Oxford-based business unveiled a multimillion-pound design and manufacturing services contract with what it described as “a well-funded pioneering optical computing ... Read more ›
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The London Stock Exchange is the “natural destination” for an initial public offering (IPO) the CEO of ClearScore has said, as the company considers its options for a flotation. Speaking to The Times, Justin Basini said while recent history has shown a lack of “homegrown growth equity” in London compared with the US public markets ... Read more ›
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The activities of three Frenchmen caught my eye this week. The first was a French space scientist who suddenly found himself expelled from the US. The researcher, who has not been publicly identified, was denied entry at a US airport after immigration officials reportedly found messages critical of President Trump on his phone, a move ... Read more ›
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Paddle has been accused of violating consumer protection laws as the London fintech reported a jump in losses. The London fintech said it had received a draft civil complaint and proposed settlement offer from a government agency alleging violations of consumer protection laws in connection with its oversight of two third-party software suppliers from September ... Read more ›
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It seems a lifetime ago that a rapid grocery delivery startup could pull in staggering investments to secure a billion-pound valuation months after launch. As it turns out, it was less than five years ago – which is not unlike a lifetime in tech. The Covid-fuelled era of low interest rates and a sudden need ... Read more ›
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This week’s UK tech funding deals include inflammatory disease treatment developer Maxion Therapeutics, surgical device firm Eventum Orthapaedics and more. UKTN tracked £67m worth of UK tech investment this week (17 March to 21 March), a 9% week-on-week decrease across five funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Maxion Therapeutics ... Read more ›
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One of the UK’s biggest IT suppliers has said it’s in “active” M&A discussions after posting a more than doubling of profits. Bellshill-based Kick ICT, which offers IT solutions and network infrastructure services, recently acquired Microsoft Dynamics specialist C2 Software for an undisclosed fee, representing the firm’s ninth acquisition in eight years. “M&A continues to ... Read more ›
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An investor specialising in early-stage medtech startups, has secured £27m towards its targeted £50m fund. All-female general partner-led THENA Capital will target British startups developing digital healthcare solutions and medical devices. “The UK is a key player in the global medical landscape generating game changing innovations,’ said THENA Capital co-founder and general partner Esther Reynal ... Read more ›
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Green VC firm Elbow Beach has secured £63m in the first close of its new £80m climate impact fund. Elbow Beach aims to back up to 36 early-stage British startups via the fund over the next four years, with a focus on technology enabling industries to transition to cost-effective low carbon operations. The firm will ... Read more ›
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Britain once led the world in industry. We invented the steam engine, built the railway, and pioneered the assembly line – British innovations that shaped the modern world and helped us win the Second World War. But the Industrial Revolution wasn’t just about machines. It transformed lives, creating jobs that powered Britain’s rise. And it ... Read more ›
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The founder of EDX Medical has become the lead investor as it raised £3m to accelerate its work on diagnostic test. Professor Sir Chris Evans, who founded the Aquis-listed Medtech in 2021, has invested £740k into the round to acquire 5.3m shares, bringing the 67-year-old’s total stake in the company to 36.6%. Evans was joined ... Read more ›
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A fintech run by two east London gospel church preachers is to enter liquidation after racking up losses. Crosspay, which provided cross-border payment solutions for individuals and companies, has been instructed to be wound up by a court order, with Simons Muirhead Burton LLP appointed as liquidator. The court order followed a petition by creditor ... Read more ›
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The Bank of London has filed for a name change on Companies House as its accounts hurtle towards being six months overdue. The company, formally known as The Bank of London Group Holdings Limited, last week changed its name to Oplyse Holdings. The rationale behind the name change is not clear, though a search of ... Read more ›
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Most popular sources
Business Insider
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36% 3 |
The Verge
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9% 0 |
Gizmodo
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9% 0 |
MacRumors
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7% 5 |
Vox
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6% 2 |
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05.04.2025 01:33
Last update: 01:05 EDT.
News rating updated: 08:21.
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