British Business Bank (BBB) has launched its second Northern Powerhouse Investment Fund that will deliver £660m to startups across the north of England. BBB, the UK’s state development bank for SMEs, launched its first Northern Powerhouse Investment Fund in 2017 to increase the flow of capital to startups in the north of England. The new ... Read more ›
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Presymptom Health, a startup using AI for the early detection of infections and sepsis, has raised £1.5m in equity and grant funding. Presymptom Health was founded in 2019 to combat the significant risk to life posed by the late diagnosis of sepsis. According to the UK Sepsis Trust, the condition – an extreme bodily response ... Read more ›
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VC firm Frontline Ventures has raised $200m (£157m) across two investment funds to support software startups targeting transatlantic expansion. The investor, based in London and Dublin, has secured funding for both the Frontline Seed fund and the Frontline Growth fund. Each fund focuses on different stages of startup growth. Frontline Ventures said its goal is ... Read more ›
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Manchester-based AccessPay, a fintech that integrates digital banking tools into the systems of corporate clients, has raised $24m (£18.8m) from investors. Founded in 2012, AccessPay connects company bank accounts to in-house digital systems, creating a central platform that clients can use to perform financial tasks. AccessPay features include automated payments and bank statement retrieval, along ... Read more ›
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A taskforce led by investor KPMG Acceleris has been launched to encourage growth in the startup ecosystem of the North West region of England. The Wired for Growth taskforce, made up of investors, trade bodies, banks, universities, founders and business leaders, will focus on supporting startups in the region in overcoming barriers and identifying opportunities. ... Read more ›
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Whilst governments around the globe have kicked around the metaphorical can of AI regulation, something has been going on in the background. Something tangible, incredibly dangerous and increasingly more frequent: cybercrime. It shouldn’t be the case that in an increasingly digital economy – something the current government is supposedly a big advocate of – businesses, ... Read more ›
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Arrow Risk Management, an insurtech startup that has developed a data-led underwriting platform, has raised £2m. The Arrow Risk Management platform – called Quiver – provides insurance brokers and carriers with real-time data, intending to streamline the process of underwriting and claim evaluation. The cloud-based platform feeds users with comprehensive risk management data. The insurtech ... Read more ›
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Stanhope AI, a London-based startup aiming to apply neuroscience principles to create human-like artificial intelligence, has raised £2.3m. Founded as a spinout of University College London (UCL), Stanhope AI is run by a founding team of neuroscientists and AI researchers who are developing a form of the technology called “agentic AI”. This is an effort ... Read more ›
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Mustafa Suleyman, co-founder of pioneering British AI startup DeepMind, has been appointed to run Microsoft’s new AI division. Microsoft has made no secret of being all in on the current wave of AI technology, having invested heavily in both its internal capabilities and in partner companies like OpenAI. Now launching a new AI-specific arm, Microsoft ... Read more ›
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Research has found that cultivated meat could cut the climate impact of meat by up to 92% and reduce air pollution by up to 94%. What exactly is the meat source, how is it more sustainable than the traditional meat industry, and does the UK have an opportunity to lead the way in this subsector? ... Read more ›
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In the last decade, Britain’s tech scene has come on leaps and bounds. Judged by the amount of venture capital investment, we’re head and shoulders above our European counterparts. So when the government announced (and subsequently re-announced ad nauseam) its desire to make the UK “the next Silicon Valley” or a “science and tech superpower”, ... Read more ›
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Tech Nation’s Future Fifty accelerator programme has relaunched under the ownership of Founders Forum and unveiled the 25 companies in the cohort. The accelerator, designed to support late-stage companies, was first launched in 2014. Its alumni include Monzo, Revolut, Starling Bank, Skyscanner and Deliveroo. Tech Nation said a third of UK unicorns – startups valued ... Read more ›
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The deputy prime minister has called for international collaboration to prevent AI threats to democracy and the electoral process, including through deepfake disinformation. Speaking at the Summit for Democracy in Seoul on Tuesday, Deputy Prime Minister Oliver Dowden announced a multi-government compact to counter AI disinformation from bad actors and “malign foreign states”. The increasingly ... Read more ›
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Review website Trustpilot has posted a profit of $7.1m (£5.6m) for 2023 with a boost in monthly users driving revenue growth. The London-listed review platform posted an 18% revenue increase to £176.4m, lifting the company to profit after it lost £14.6m in 2022. The company credited the improved performance in 2023 to a 30% increase ... Read more ›
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The UK government’s ambitious plans for the future of flight have been called “overly optimistic” by an expert, who says the idea we will have flying taxis by 2026 should be treated with “healthy scepticism”. Yesterday, the Department for Transport announced a roadmap that the government hopes would see the first piloted flying taxi flight ... Read more ›
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Anima, a work management platform for the healthcare industry, has raised $12m (£9.4m) in a Series A funding round. Founded in 2021, Anima supplies software to medical providers. The company claims to be deployed across 150 NHS clinics. Users can integrate digital health records and receive analytics. The platform also supports appointment creation and tracking, staff ... Read more ›
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In ordinary circumstances, a figure of £1.1bn – the headline-capturing amount the government announced last week to train “over 4,000” UK students in future technologies – wouldn’t be lamentable. Yet, considering total public spending on education was £116bn in 2022-23, according to the Institute for Fiscal Studies – down 8% from the 2010-11 figure – ... Read more ›
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In this week’s episode of the UKTN Podcast, Oxa CEO Gavin Jackson explains why the UK is well-positioned to be a leader in autonomous vehicles, breaks down Oxa’s strategy for commercialisation, and unpacks who is liable in the event of an autonomous vehicle crashing.  Oxa, formerly known as Oxbotica, is developing software for autonomous ... Read more ›
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The influx of cash into AI startups has left women founders behind, according to new research from the Alan Turing Institute. The institute, a government-backed AI and data science research centre, found that just 0.7% or around £73m of venture capital funding for AI software in the UK since 2010 has been invested into women-led ... Read more ›
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London-based carbon capture startup Mission Zero Technologies has secured £21.8m in an investment round backed by a venture fund from Microsoft co-founder Bill Gates. Founded in 2020, Mission Zero Technologies is developing technology to scale the process of removing carbon dioxide from the atmosphere to prevent further global temperature rises. Mission Zero Technologies has built ... Read more ›
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Most popular sources
Business Insider
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34% 6 |
Tech Wire Asia
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19% 6 |
CNET
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8% 1 |
Tom's Hardware
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5% 1 |
Android Authority
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5% 1 |
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28.11.2024 21:54
Last update: 21:46 EDT.
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