When Chancellor Jeremy Hunt declared that the UK was on track to become the next Silicon Valley, UK tech was conflicted. Comparing the UK to the fabled US tech sector is both a help and a hindrance. There’s no doubting the Valley’s achievements in creating so many of the biggest companies of the last 30 ... Read more ›
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Early-stage VC firm Antler has appointed the co-founder of fintech unicorn Scalable Capital as a general partner. Adam French will co-lead Antler’s UK team and funds in London alongside existing general partner Jed Rose. Antler is a VC firm operating across six continents. The group backs early-stage startups, with recent UK investments including insurance payments ... Read more ›
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Buy now, pay later fintech Klarna made headlines recently when it announced that its OpenAI chatbot integration for customer service is doing the work of 700 live agents. Launched in January 2024, the company reported that during that period the chatbot had 2.3 million conversations, handling two-thirds of the company’s customer service queries. Klarna also ... Read more ›
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Pactio, a London-based private equity management software startup, has raised £11m in a Series A funding round. Founded in 2021, Pactio has developed a platform for private capital investors that provides deal tracking and risk management tools. Pactio co-founder and CEO Eric Heimark said during his time as a private equity investor, he found existing ... Read more ›
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London-listed biotech company e-Therapeutics intends to cease trading due to a “lack of institutional UK interest”. Founded in 2001, e-Therapeutics is a computational drug discovery firm that develops RNA interference therapeutics. The company, which listed on London’s alternative market in 2009, issued a statement announcing its plan to raise £28.9m through the sale of 192,666,667 ... Read more ›
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A spinout from the University of Glasgow aiming to make hydrogen energy production more efficient has secured £1m in funding. Clyde Hydrogen Systems has developed a new approach to electrolysis – the process of using electric currents to drive chemical reactions – that is says allows hydrogen and oxygen to be made in separate places ... Read more ›
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Hearing problems are often treated as an unfortunate but inevitable inconvenience of getting older. For most, it’s a gradual process that people are initially unaware of and take years to address. Even among those who know their hearing is gradually getting worse, many will avoid addressing the problem out of fear, according to Eargym founder ... Read more ›
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Ten years ago, I slipped in through a side door to the office block that rings Times Square in Newcastle, next to the Life Science Centre near the city’s central station, and spoke to Jonathan O’Halloran, the co-founder and chief scientific officer of QuantuMDx, a Newcastle-based biotech startup. I was there to write a story ... Read more ›
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Waymap, a London-based app providing accessible navigation tools to disabled users, has raised £7m in a funding round led by a North American telecoms firm. Founded in 2017, Waymap is a navigation app targeting people with additional accessibility requirements, with a focus on the visually impaired. The startup was created by Dr Tom Pey, who ... Read more ›
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US-based payments firm Entrust Corp has completed its acquisition of British AI customer identity verification startup Onfido. The University of Oxford spinout, which provides customer verification for customers including Revolut and Orange, entered early-stage talks for the acquisition in February. The two companies have now confirmed the deal has been completed. Oxford University Innovation, the ... Read more ›
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The traditional banking and finance sectors are ramping up their tech capabilities amid growing competition from challenger fintechs, new data suggests. A new report from recruitment firm Robert Walters found that banking job listings in London requiring fintech skills were up 75% in the last 12 months, and listings for applicants with machine learning skills ... Read more ›
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Neurovalens, a health tech startup using neuroscience to tackle a range of medical issues, has raised £2.1m. Belfast-based Neurovalens’ latest product is a wearable headband that uses electronic brain stimulation to treat anxiety. The Modius Stress headband delivers small electrical pulses to the head for about 30 minutes. The device is intended to be used ... Read more ›
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In this episode of the UKTN Podcast, Hoxton Farms co-founder Max Jamilly discusses how developing lab-based fat is the secret ingredient for the alternative protein industry, why some people oppose lab-grown meat and how the regulatory progress for getting cultivated meat in shops is going. Jamilly co-founded the London-based cultivated fat startup in 2020 alongside ... Read more ›
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British edtech company Multiverse has acquired Californian talent platform Searchlight to apply generative AI to closing skills gaps at organisations. The deal will see Multiverse integrate Searchlight’s technology, which uses AI to screen job applications and automate parts of the hiring process, into its own platform. Founded in 2018 by twins Anna Wang and Kerry ... Read more ›
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Digital care home platform Log my Care has raised £3m as it looks to expand its support services for people with learning disabilities. Founded in 2017, Log my Care is used by carers to record patient notes, access medical records and receive reminders through mobile notifications. The app can also be used to create personalised ... Read more ›
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Tech giant Microsoft is opening a new AI hub in London to work on tools for foundation models and to advance “state-of-the-art” language models. The hub will be based at Microsoft’s Paddington office and see the US firm embark on a round of hiring for AI talent over the coming months. It will be led ... Read more ›
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The UK Space Agency has announced millions in funding for space tech projects including an in-orbit farm and AI for space operations. The agency, sponsored by the Department for Science, Innovation and Technology (DSIT), has awarded funding to 11 projects across the UK to encourage advanced research and international collaboration in space tech. Among those ... Read more ›
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The platonic ideal of a tech business is that founders identify a problem, or a new way to do something, and then they set to work to make it a reality – usually with a lot of late nights and takeaway pizzas as a crucial part of the process. The best part is that if ... Read more ›
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UK startups have called on the Home Office to implement more favourable policies for high-skilled immigrants looking to work in the tech industry. In an open letter sent by the lobby group Startup Coalition and the think tank Entrepreneurs Network, the home secretary was called on to mitigate the potential damage to the tech industry ... Read more ›
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An accelerator encouraging sustainable innovation in the agricultural and manufacturing industries in Northern Ireland has been launched by Digital Catapult. The Digital Catapult initiative was launched in partnership with Northern Ireland’s Department of Agriculture, Environment and Rural Affairs and aims to accelerate the region’s net-zero goals. The Tenfold NetZero Accelerator Programme will develop proof-of-concepts with ... Read more ›
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Most popular sources
Tech Wire Asia
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30% 24 |
Business Insider
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27% 1 |
CNET
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8% 3 |
Eurogamer.net
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5% 1 |
Android Authority
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4% 1 |
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28.11.2024 15:30
Last update: 15:21 EDT.
News rating updated: 22:20.
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