Eight projects proposing ways in which AI can be incorporated into public sector work have been selected as semi-finalists in a government-sponsored competition. Run by digital business and technology service provider NTT DATA, the Civil Service AI and Data Challenge encouraged public sector workers to propose projects utilising the technology to improve services. Among the ... Read more ›
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Due, a borderless payments startup founded by a Revolut alumnus, has extended its seed round with an additional £3m investment as it launches its stablecoin API. Founded in 2022, Due offers businesses multi-currency accounts that allow the sending and receiving of funds between fiat currencies and stablecoins – cryptoassets pegged to the value of traditional ... Read more ›
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An online advert for Octopus Energy has been removed by regulators over concerns it was misleading consumers about the price of its services. The ad in question, first seen via Facebook in September 2024, included text reading “installs from £500″ and “Heat Pump & Install From As Little As £500”. The Advertising Standards Authority (ASA) ... Read more ›
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The UK’s AI Security Institute has launched a joint initiative with Amazon, Anthropic and its Canadian government equivalent to study AI alignment. The Alignment Project, backed by £15m, will see the state-owned institute work with industry and international partners to determine how to ensure, as the technology becomes more advanced, that AI systems behave predictably ... Read more ›
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Climate tech holds a unique place within the UK’s wider tech industry. It is one of the best-funded subsectors in UK tech, but also one of the toughest areas for firms to scale to the later-stages. It is a significant economic opportunity, but also an industry attempting to deal with the greatest global crisis the ... Read more ›
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Cheshire-headquartered biotech company Centauri Therapeutics has received $5.1m (£3.8m) in funding to support the development of its lead compound. Based in Alderley Park, Centauri specialises in immunotherapy drug discovery and is currently working on the development of its ABX-01 programme, a broad-spectrum antimicrobial selected to combat clinically prevalent drug-resistant bacteria. In support of this, the ... Read more ›
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Regional leaders in the four UK nations are being offered £30m to support local science and tech specialties as part of a government fund to drive innovation throughout various hubs. The latest regions set to receive backing from the £500m Local Innovation Partnerships Fund – first announced during last month’s Spending Review – are the ... Read more ›
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The shareholders of fintech group Wise have voted overwhelmingly in favour of approving plans to move its primary public listing to the US, despite a controversy surrounding the vote. The resolution passed with 90.58% of Class A shares and 84.55% of Class B shares voting in favour. “We’re pleased that our owners have overwhelmingly approved ... Read more ›
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The UK must urgently upgrade its AI infrastructure to protect both its national and economic security, according to a new report from the Tony Blair Institute. According to research from the group, the UK is in danger of falling behind in the AI race, controlling just 3% of global computing power required to support an ... Read more ›
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This week’s podcast guest is Michelle Robson, founding partner at Odyssey Ventures, who discusses her journey from chemical engineering grad to launching a venture capital firm, the qualities she looks for in a founder seeking investment and Europe’s place in a tech landscape dominated by Silicon Valley. Odyssey Ventures is a venture capital group based ... Read more ›
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Cyber risk management firm DynaRisk has announced a $4.7m (£3.5m) funding round to fuel its international expansion. Founded in 2016 by Andrew Martin, a former banking sector cybersecurity expert and self-taught hacker, DynaRisk provides insurers with the tools and data required to offer cyber insurance. Businesses have been under increased threat from cyber attackers, increasing ... Read more ›
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After years of explosive growth, the tech mergers and acquisitions (M&A) market has cooled – but not in the way many expected. The slowdown hasn’t solely been driven by macro headwinds or interest rates; it’s structural. Governance and regulation have increasingly moved to the deal table, influencing which transactions go ahead, how fast, and at ... Read more ›
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Autonomous shuttle and baggage transportation services from firms including Wayve, Oxa, Aurrigo and UPS are set to receive government funding as part of a self-driving vehicle support programme. The projects will receive funding from the £150m Connected and Automated Mobility (CAM) Pathfinder initiative launched as part of the recent Industrial Strategy. The scheme aims to address ... Read more ›
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Gerald Mullally, who spent almost a decade as a director in the Prime Minister’s Office and Cabinet Office, has been named the new chief executive officer of Oxford Quantum Circuits. Mullally, who has also held an advisory role to the Irish government and positions at consultancies Accenture and PwC, will become the permanent CEO of ... Read more ›
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The UK Space Agency has provided a £15m investment for the MicroCarb satellite, a joint initiative from Britain and France to monitor climate data. Launched over the weekend via the Vega-C rocket from French Guiana, the MicroCarb has become Europe’s first dedicated carbon dioxide monitoring satellite in what the UK Space Agency has described as ... Read more ›
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Cura Terrae, an environmental services company backed by private equity group Palatine, has ramped up its expansion plans with the acquisition of Scottish climate consultancy EnviroCentre. Founded in 2022, Sheffield-based Cura Terrae works with corporate clients to ensure they are meeting environmental requirements. The acquisition of EnviroCentre, with locations in Glasgow, Edinburgh, Inverness and Aberdeenshire, ... Read more ›
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This week’s UK tech funding deals include solar panel subscription service Sunsave, stock trading app Lightyear and more. UKTN tracked £179.3m worth of UK tech investment this week (21 July to 25 July), a 131% week-on-week increase across seven funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Sunsave – £113m Sector: Energy/climate ... Read more ›
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Fuse Energy, a power provider founded by a former executives at Revolut, has secured a new £7.4m investment as it enters the gas market. Launched in 2022 with a focus on low-carbon energy sources such as solar and wind, Fuse grew rapidly, adding 50,000 homes to its customer base since launch. Though it has historically ... Read more ›
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Wype is revolutionising the personal hygiene category by redefining how people think about and care for their health, starting with what they call “bottom care.” The firm was co-founded by Giorgia Granata and Eli Khrapko as they sought an eco-friendly solution to wet wipes to give, as they describe, a “bidet-clean feeling on the go”. ... Read more ›
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A long-running public sector data scheme has received a £168m funding boost via UK Research and Innovation (UKRI). Administrative Data Research (ADR) UK is a project that first launched in 2018 with the goal of using data to gain insights on a wide range of policy topics from the cost of living to cancer diagnostic ... Read more ›
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Spaceflux, a satellite tracking startup from London, has closed a £5.4m funding round as it works towards growing its global telescope network. Founded in 2022, Spaceflux develops surveillance and tracking technology for satellites and in-orbit debris, most notably its AI-powered optical sensor system. Originally launched to work with the UK Space Agency and the Ministry ... Read more ›
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08.03.2026 01:35
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