The Ministry of Justice (MoJ) is trialling a scanning system for criminals on probation, as part of a continued government push for the use of facial recognition in law enforcement. The £8m pilot programme will see the department deploy remote check-in surveillance via the mobile devices of those being monitored during probation. The system will ... Read more ›
0
Argo Blockchain, a UK-based Bitcoin mining company listed on the London Stock Exchange, has entered a restructuring agreement that will likely see over 80% of its equity acquired by US group Growler Mining. The firm announced in June that it was seeking a loan and restructuring deal described as “necessary to avoid an uncontrolled insolvency ... Read more ›
12
The UK financial regulator has proposed expanding the use of contactless payments by allowing providers more freedom over its limits. The Financial Conduct Authority (FCA) is consulting on proposals for contactless payments to be allowed for larger purchases as the payment time grows in popularity. The FCA said on Wednesday it encourages payment firms to ... Read more ›
0
The private capital investor community believes that the UK is an attractive investment prospect, according to new data. New research from the British Private Equity and Venture Capital Association (BVCA) has found that 80% of private capital investors surveyed by the group believe the UK to range from fair to excellent when it comes to ... Read more ›
0
The Business AI Alliance, a group bringing together sector-based organisations to shaping national AI policy and act as a voice for SMEs, launches today, UKTN can exclusively reveal. The group’s initial focus is to shape a credible, strategic narrative around AI’s economic potential and to ensure the UK’s over 3,000 AI-focused SMEs are represented in government ... Read more ›
3
Accelerator and angel syndicate Baltic Ventures has invested £300k in a new cohort made up of ten startups from the Liverpool city region. Backed by a £4.1m grant from the Liverpool City Region Combined Authority, Baltic Ventures’ Accelerator 2025 cohort includes digital tech startups covering proptech, healthtech, e-commerce, edtech, fintech and climate tech. The cohort ... Read more ›
0
AI-powered email and meeting assistant Fyxer AI has closed its $30m (£22m) Series B round. The round was led by Madrona with participation from Lakestar Capital. Previous investors include 20VC, 20Growth and Salesforce founder Marc Benioff. The Series B investment will expand the London-based startup’s capacity to meet growing demand from professionals, deepen product development ... Read more ›
0
British tech companies are keen to accelerate their innovation with new research and development (R&D) projects despite recent challenges, according to fresh figures. A survey of 500 scaleup leaders and 250 venture capital and private equity decision-makers in the UK by EmpowerRD found that 80% planned to claim R&D tax relief in 2025 to fuel ... Read more ›
0
Maeving, an electric motorcycle maker based in the West Midlands, has secured an £11m Series A investment as it looks to expand to the US. The Coventry-headquartered firm designs and manufactures the electric vehicles with removable batteries that can be charged from standard plug sockets. Having previously received a seed investment in 2020, Maeving is ... Read more ›
0
This week’s podcast guest is Jo Cox, chief executive officer of ImServ, who discusses how smart tracking of energy use works for businesses, how AI can help collect and manage energy data and the myths around smart meters. IMServ is a data collection and energy metering firm. Cox, who was appointed as the group’s CEO ... Read more ›
0
Oxford University spin-out OXCCU has named former BP Ventures managing director Nacho Gimenez as its chief operating officer. Gimenez has extensive experience as a leader in the energy sector covering commercial strategy, investment and technology innovation. In 2017, he joined BP Ventures and was later promoted to managing director, leading investments that accelerated the decarbonisation ... Read more ›
0
Quantum Systems is to invest €50m (£43m) into UK operations over the next five years following the acquisition of Nordic Unmanned UK. The German startup develops AI-powered unmanned intelligence systems for defence, emergency services and industry. Quantum Systems will use the investment to fund infrastructure, local engineering and partnerships with UK providers. Plans include the ... Read more ›
0
NRG Therapeutics has closed its oversubscribed £50m Series B round, which included an £8m investment from British Business Bank. NRG Therapeutics is developing novel treatments for severe neurodegenerative conditions, including amyotrophic lateral sclerosis (ALS), motor neurone disease (MND) and Parkinson’s. The Stevenage-based business is currently preparing to move into clinical trials following strong pre-clinical data, ... Read more ›
0
Liz Kendall has been named the new Secretary of State for Science, Innovation and Technology as part of a cabinet reshuffle spurred by the resignation of former deputy prime minister Angela Rayner. Kendall replaces Peter Kyle, who has served as Tech Secretary since the Labour came to power in July 2024. Kyle has been appointed ... Read more ›
0
A London-based biotech firm that aims to improve infant health with its research into the microbiomes of breast milk has raised £2.5m. BoobyBiome, a spinout from University College London (UCL)’s Great Ormond Street Hospital, was founded by a team of scientists looking to tackle infant health issues by improving the nutrition of their nourishment. The ... Read more ›
0
This week’s UK tech funding deals include Cambridge-founded quantum computing giant Quantinuum, diagnostics firm Cyted Health and more. UKTN tracked £507.2m worth of UK tech investment this week (1 September to 5 September), a 475% week-on-week increase driven largely by the megaround secured by Quantinuum. Here’s your weekly roundup of UK tech startup funding deals. ... Read more ›
0
Cardiff-based Space Forge has appointed a new chairman to help it accelerate growth and close a Series B funding round. Scott White’s appointment to lead Space Forge’s board of directors comes just several months after it closed a £22.6m Series A round investment round, the largest for a UK-based space tech firm. The company, founded ... Read more ›
0
A Norwegian government-run climate fund has invested £5m in a British green tech company providing affordable and reliable power supplies to millions of people living in Africa. Sheffield-based MOPO, which provides sustainable energy supplies across several African nations, said it would use its Norfund investment to hire more people to accelerate the net-zero transition globally. ... Read more ›
0
Pippa Harman is the co-founder and chief executive of Renude, an AI company that works with cosmetics brands to provide personalised skincare support. In this week’s Founder in Five Q&A, Harman discusses connecting with likeminded founders, preventing burnout by making time for yourself and understanding how you work best. What advice would you give to a ... Read more ›
0
Investment group Plural has co-led a $34m (£25.2m) Series B funding round into Phasecraft, a Bristol-based quantum algorithms company. Founded in 2019, Phasecraft develops “hardware-agnostic” algorithms in partnership with the likes of Google Quantum AI, IBM, QuEra and Quantinuum – which this week raised over £400m. The new funding for Phasecraft brings the total amount ... Read more ›
0
Most popular sources
Financial Times
|
0% |
StartUp Beat
|
0% |
ScienceDaily
|
0% |
Irish Tech News
|
0% |
ArcticStartup
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
13.05.2026 18:24
Last update: 18:15 EDT.
News rating updated: 01:10.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.