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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New partnerships between Chinese automotive firm Baidu and ride-sharing services Uber and Lyft could see autonomous taxis on UK roads next year. The Baidu Apollo Go self-driving taxi has been deployed extensively across China already, now the firm is seeking regulatory approval to test the vehicles in London through partnerships with the taxi firms. Lyft ... Read more ›
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Sofant, an Edinburgh-based developer of satellite communications and 5G and 6G technologies, has closed a £6.25m equity funding round. The Scottish firm specialises in the development of low-power RF MEMS beamforming solutions used for wireless satellite communications. It has been in an extended research and development phase and, with the new funds secured, is preparing ... Read more ›
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Venterra Group, a renewable energy firm specialising in wind power ventures, has secured a £40m investment. Founded in 2021 by Ayman Asfari, who formerly ran the multinational oilfield services firm Petrofac, Venterra has been acquiring specialist companies developing technology and solutions in the renewables sector. “This raise is a powerful endorsement of Venterra’s strategy and ... Read more ›
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Thames Valley Police have deployed two new live facial recognition vans in the city of Oxford as early use of the controversial technology kicks off. Used to compare individual’s faces against a police database, live facial recognition technology has been positioned by the Home Office as a powerful tool to catch wanted criminals and even ... Read more ›
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The UK is set for a sharp rise in demand for IT and technology professionals, according to new research from recruitment firm Robert Half. Looking into UK businesses, the firm has found that 56% of organisations plan to expand their permanent IT and technology teams in the first half of next year. “The rise in ... Read more ›
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This week’s UK tech funding deals include AI customer service agent developer PolyAI, consumer tech firm Nothing and more. UKTN tracked £153.95m worth of UK tech investment this week (15 December to 19 December), a 25% week-on-week increase across nine funding rounds. Here’s your weekly roundup of UK tech startup funding deals. PolyAI – £64.3m ... Read more ›
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Hedgehog Lab, a digital product consultancy that has been backed by BGF, has acquired Label Sessions, a global innovation network based in Edinburgh. With the deal, Hedgehog Lab aims to create a full-stack innovation consultancy combining the firm’s expertise in AI, product design with Label Sessions network of more than 500 tech experts. “This acquisition ... Read more ›
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Existing limits on contactless payments could be raised or removed entirely, the UK’s financial watchdog has confirmed. The Financial Conduct Authority (FCA) has announced that banks and payment providers that demonstrate strong fraud controls will be allowed to set their own limit for contactless payments, giving way to greater flexibility in responding to consumer demands. ... Read more ›
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StretchSense, a Scottish startup developing extended reality gloves for workplace training simulations, has received a £1.75m investment. Targeting industries including healthcare, education, aviation and defence, StretchSense said its data capture gloves allow organisations to immerse staff in detailed simulated environments. The company’s management, software and marketing teams are based in Edinburgh, while its hardware and ... Read more ›
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ANNA Money, a London-based fintech offering business owners a full suite of financial services, has secured a £10m debt funding deal. Founded in 2017, ANNA Money’s platform offers business accounts, invoicing, payroll, taxes and administrative services to entrepreneurs. The new funding has been secured in preparation for a significant shift in the tax requirements of ... Read more ›
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London-based Fuse Energy has been valued at $5bn (£3.7bn) after securing a new $70m (£52.3m) investment round. Founded in 2022 by alumni from Revolut’s executive team, Fuse Energy was launched with the mission to offer cheaper and more abundant power than the competition. The company combines all aspects of the energy process into its activities, ... Read more ›
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As practically every sector adjusts to the present and plans for the future of an AI-orientated workforce, there remain many unanswered questions about how this technology will affect our lives. Among the most persistent concerns regarding AI is its potential to replace millions of workers, potentially creating a major employment crisis. While these questions were ... Read more ›
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London-based smartphone and consumer tech maker Nothing has announced the close of its recently announced “community investment round”, raising more than $8m (£6m) from more than 5,000 backers. Nothing announced the round earlier this month as a way to give its users the chance to invest in the company at the going rate per share. ... Read more ›
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Safeguards to ensure appropriate use of AI tools have “improved” but vulnerabilities remain, according to a comprehensive test from a government-appointed body. The AI Security Institute (AISI) tested the safeguarding features of the most advanced AI systems as part of its landmark Frontier AI Trends Report. The organisation found that while strides have been made ... Read more ›
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UK Research and Innovation (UKRI) has detailed how it plans to invest the record four-year £38.6bn allocated to it from the government. It has listed three key priority funding “buckets”, each in line with ambitions laid out in the government’s Industrial Strategy in June. The first is £8bn on targeted research and development addressing national ... Read more ›
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Former Conservative chancellor George Osborne has been appointed as head of countries by US giant OpenAI. Known for overseeing the austerity programme during the premiership of David Cameron, Osborne has now taken the role of managing director and head of OpenAI for countries, a role based in London. Osborne described the ChatGPT developer as the ... Read more ›
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Earlier this year, it was reported that up to 51,000 faces were scanned in a single day by live facial recognition cameras near London Underground stations. The Metropolitan Police described the initiative as an important step in public safety. Many Londoners, however, saw it differently – it shone a light on the concerns that some ... Read more ›
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Ankar, an AI startup developing technology to support patent protections, has secured a $20m (£15m) Series A investment. The company claims to have developed a unified platform to replace the fragmented process of securing patents. According to Ankar, its platform works across the entire lifecycle of a patent, from novelty and prior art analysis to ... Read more ›
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Monzo has secured a full banking licence to operate in the European Union, with plans to bring its fintech product to new markets in the continent. The digital bank has become on of the most successful in the UK since its launch in 2015, having amassed more than 12 million customers in its home market. ... Read more ›
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GreenScale, a London-based developer of hyperscale data centre campuses, has announced a strategic collaboration with critical digital infrastructure solution provider Vertiv to deliver factory-integrated data centre platforms in Europe that are engineered for AI workloads. As part of the strategic partnership, GreenScale will manage construction and site-wide infrastructure, while Vertiv will provide AI-ready data centre ... Read more ›
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29.07.2026 13:16
Last update: 13:11 EDT.
News rating updated: 20:10.
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