Few industries transcend territorial boundaries quite like tech – a belief reaffirmed by my travels in Southeast Asia this month. With UK-Southeast Asia Tech Week organised by the Department of Business and Trade taking place, I joined tech leaders from across the region for an event designed to strengthen UK relations with some of the ... Read more ›
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Pragmatic Semiconductor has opened a major manufacturing facility in Durham as nations scramble to secure chip supply chains. Pragmatic Park, a 60,000-sqm facility in the North East, opened on Wednesday in a ceremony featuring key customers, ecosystem partners, investors, government officials and British royalty. The company said the factory would provide 500 new high-skilled jobs ... Read more ›
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Manchester-based investor Praetura Ventures has launched a programme to support early-stage startups in the North West. The programme, called PraeSeed, is aiming to fill the pre-seed funding gap in the region by investing up to £6m across 35 startups over the next five years. PraeSeed will begin in June, with workshops and an assessment period ... Read more ›
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A company developing robots to harvest berries has secured a £600,000 government grant to increase the accuracy of its autonomous systems. Cambridge-based Fieldwork Robotics has built vertical robots to harvest soft fruits. It is aiming to address a shortage of fruit pickers using automation. The funding, which comes from the Department for Environment, Food and ... Read more ›
0 newcommer
Building on its industrial legacy, Wales is emerging as a global hub for innovation. It is home to significant tech clusters in compound semiconductors, insurtech, health tech and cybersecurity with established companies, new startups and world-leading universities helping to grow these specialisms. Last year was a boom in startup creation – more than 20,500 Welsh ... Read more ›
0 newcommer
Tech companies in Wales raised £112m in venture capital funding last year, an 8.7% increase from 2022, according to new data. Research from Barclays Eagle Labs, the multinational bank’s startup support network, found the country was resilient to the broader UK slowdown of venture capital last year. Separate data previously found that UK tech funding ... Read more ›
0 newcommer
Profits at London-listed money transfer firm CAB Payments dropped by almost a third despite growth in gross income. Cab Payments posted a profit of £23.9m after tax for last year, a 29% decrease from 2022. The firm grew its gross income by a quarter, reaching £137.1m, credited in part to a solid onboarding of new ... Read more ›
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Fintech company Tide has appointed a UK and Europe CEO as the company prioritises expansion into international regions. George Schmidt, a former SVP of acquisition marketing at Tide, has been named CEO of UK/Europe, reporting to Tide chief executive Oliver Prill. The appointment follows the company’s launch in Germany earlier this month. As a regional ... Read more ›
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In this episode of the UKTN Podcast, Tramshed Tech co-founder and CEO Louise Harris discusses the challenges and opportunities for the Welsh tech sector, unpacks the country’s tech sub-sector strengths from semiconductors to creative, and explains what a changing political landscape might mean for businesses. Harris co-founded Tramshed, a co-working space for tech and digital ... Read more ›
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In October, the government announced new goals to achieve between 20 and 30 million tonnes of captured and stored carbon dioxide a year – the equivalent of taking four and six million cars off the road each year from 2030. Some see carbon capture as a crucial component of the UK’s net zero target. But ... Read more ›
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Digital bank OakNorth posted a pre-tax profit of £187.3m for 2023 as it expands its footprint in the US. The London-based challenger bank’s pre-tax profit was up by almost a quarter (23%) from 2022, according to its latest financial report. The total comprehensive income for the year posted by the bank was £140.7m. The SME-loan ... Read more ›
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London-based investor Ascension VC has secured £17m for the first close of its fund backing tech for good startups. The VC firm is targeting £50m in total for Ascension Fund III (AFIII) and expects to secure its second close in 2025. Ascension VC said it aims to reduce social inequalities by backing tech startups serving ... Read more ›
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A Ukrainian accelerator backed by British investors has launched a £15m fund to invest in startups in the region. Launched by Ukrainian brothers Denis and Viktor Gursky, 1991 Ventures plans to invest in over 40 startups in Ukraine and Central and Eastern Europe. The fund’s UK-based limited partners include Venrex and Samos, while early institutional ... Read more ›
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The CEO of Stability has resigned in the latest high-profile exit from the London-based AI startup. Emad Mostaque has left the CEO role he held since founding Stability in 2019. He has also left the board of directors. In a statement provided by Stability, Mostaque was said to have left to pursue decentralised AI, in ... Read more ›
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The UK Space Agency has announced the launch of its new headquarters in Oxfordshire and regional offices in Scotland, Wales and the Midlands. The headquarters for the state-owned executive agency will open in the Harwell Science Campus’ Space Cluster in Oxfordshire. The British space sector has been growing rapidly, with the agency estimating its value ... Read more ›
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In large part thanks to the pandemic, the pace of digitisation has accelerated rapidly in the UK in recent years, increasing the demand for people to fill cybersecurity roles.  A 2021 study from LSE and the Confederation of British Industry (CBI) established that 75% of firms in its survey had adopted productivity-enhancing technologies since ... Read more ›
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Robin AI, a legal tech startup developing generative artificial intelligence tools for legal tasks, has appointed a former financial executive at Tumblr and MySpace as its CFO. Scott Casey has been announced as the AI startup’s new chief financial officer, following its £20.6m Series B round in January. Casey has worked in financial roles for ... Read more ›
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Tech companies in Northern Ireland received investment totalling £143m in 2023 – the highest ever level – according to new data. Research from Catalyst, a non-profit science and tech hub, found that Northern Ireland tech funding grew by less than 3% compared to the £139m raised in 2022. While the growth rate for Northern Ireland tech ... Read more ›
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Shahzad Younas is the founder and CEO of Muzz, a Muslim dating and marriage app. Muzz says it has 10 million members globally and that more than half a million people have married after meeting on the app since its launch a decade ago. The London-headquartered company was the first Muslim-centric startup to be backed ... Read more ›
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This week’s UK tech funding deals include carbon capture specialists Mission Zero Technologies, clinician software platform Anima, neuroscience-based AI model developer Stanhope and more. UKTN tracked £68.95m worth of funding deals this week (18 March to 22 March), with health tech being the most represented sector. Here’s your weekly roundup of UK tech startup funding. Mission ... Read more ›
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Most popular sources
Business Insider
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28% 0 |
Tech Wire Asia
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27% 20 |
CNET
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8% 2 |
Android Authority
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5% 0 |
TechRadar
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3% 2 |
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28.11.2024 17:50
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