TaiSan has raised a £4.65m seed round to accelerate its technology that could unlock the use of sodium-ion batteries for mass market applications such as electric bikes, scooters, vehicles and power tools. With concerns about the cost and scarcity of lithium used in conventional batteries, sodium – one of the most abundant elements on Earth ... Read more ›
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A new investor readiness programme designed to tackle the blue economy’s funding gap has been launched by Steampunk Ventures, connecting UK marine autonomy and ocean technology startups with a curated network of over 50 specialist investors before they formally raise. With the global marine autonomy and ocean technology market projected by the OECD to reach ... Read more ›
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AI has become a mainstay of modern banking and finance, and while the sector is still in the relatively early days of integration and development, for major organisations to remain competitive, effective adoption is a must. The integration of novel technologies is different at every company, but the challenge for firms at a global scale ... Read more ›
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HIVE, a physical AI company building an intelligence layer for industrial machines, has raised $15m (£11.2m) in seed investment. HIVE is building a ‘silicon brain’ that it says unifies machine operations through one intelligence platform, letting industrial machines perceive, decide and act on their own while operational in warehouses, production lines and construction sites. The ... Read more ›
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Clearer legislation and stronger personal data protections are a must before British citizens could be comfortable with the rollout of facial recognition technology, according to new research. The UK has been moving increasingly towards a mass presence of facial recognition technology, with it already being used in train stations, supermarkets, on the street and as ... Read more ›
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London-based AI hyperscaler Nscale has secured a $900m (£672.3m) revolving credit facility from a syndicate of major investment banks to accelerate its global infrastructure expansion. The debt facility, backed by financial giants including J.P. Morgan, Goldman Sachs, and Morgan Stanley, provides Nscale with flexible liquidity. Unlike a standard lump-sum loan, the revolving structure allows the ... Read more ›
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This week’s podcast guest is Greg Jackson, who reflects on his journey building one of the UK’s largest double unicorns Octopus Energy. He reflects on how he wishes he had started the firm earlier and explains some of his unique ways of running a company, from how a telling off in a previous job made ... Read more ›
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More than 60 businesses including M&S, Nationwide, ITV, Microsoft UK and Cloudflare have committed to strengthen their cyber defences by signing up to the government’s new cyber resilience pledge. The voluntary pledge, which has been designed for medium and large organisations but is open to organisations of all sizes and sectors, asks signatories to take ... Read more ›
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The Financial Conduct Authority (FCA) has published the landmark Mills Review, examining the state and future of agentic AI’s involvement in retail financial services. Conducted by the FCA’s executive director, Sheldon Mills, the review was commissioned by the regulator to determine how AI could reshape financial services for consumers, firms, markets and regulators by 2030 ... Read more ›
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Fintech startup Stoa has raised $2.4m (£1.8m) in pre-seed funding to accelerate the growth of its cash management platform, which enables consumers and businesses to unlock upfront lifestyle and business value from idle cash deposits. Stoa combines behavioural finance, embedded banking infrastructure and merchant partnerships to create a new distribution and engagement layer between financial ... Read more ›
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Private equity firm Palatine has announced an investment in OryxAlign, a UK-headquartered IT and network infrastructure management group, to expand its growth in the data centre market. Founded in 2006 by chief executive Carl Henriksen, OryxAlign employs approximately 130 people. The company specialises in delivering network design and build services, primarily targeting the built environment ... Read more ›
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UK startups and scaleups raised $17bn (£12.7bn) in venture capital funding during the first half of 2026, marking the strongest opening to a year since 2022 and a 102% increase on H1 2025, according to new analysis from HSBC Innovation Banking UK and Dealroom. Growth was driven by record levels of AI investment, renewed momentum ... Read more ›
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Worldmodeldata, a Cambridge-based startup building a database of video game-generated training data for next generation AI, has raised £7m in seed funding as it emerges from stealth. The startup says world models – an AI system’s internal understanding of how the world works – will form the backbone of the next generation of AI. Rather ... Read more ›
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This week’s UK tech funding deals include battery energy intelligence company Gaussion, digital biomarker platform Neuronostics and more. UKTN tracked £60.1m worth of UK tech investment this week (29 June to 3 July), a 64% week-on-week decrease across six funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Gaussion – £21m Sector: ... Read more ›
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Cross-border financial platform LemFi has secured approval from the Financial Conduct Authority (FCA) to acquire UK-based investment platform Wealth8, marking its official entry into the wealthtech sector. The acquisition allows LemFi to integrate long-term wealth-building and diversified investment portfolios into its existing product ecosystem. Originally launched as a remittance specialist, LemFi has steadily evolved into ... Read more ›
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Digital bank Starling is set to cut more than 100 jobs as it looks to deploy automation to simplify its operations. Staff were told this week that a major restructuring would take place with the goal of removing duplicate roles, first reported by Financial Times. According to the bank, the downsizing was needed following the completion ... Read more ›
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Culture Secretary Lisa Nandy as announced she and her department will no longer use the social media platform X, claiming that “it isn’t healthy for our democracy”. Announced in a final post on the Elon Musk-owned platform, Nandy said: “I’ve decided to leave this platform and my Department will too. “A platform originally designed for ... Read more ›
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London-based AI visibility startup geoSurge has raised $12m (£9.4m) in an oversubscribed seed funding round. Founded in 2025, geoSurge provides tools to help businesses track and manage how their brands are represented within generative AI systems like ChatGPT, Gemini, and Claude. According to the firm, instead of focusing on real-time search citation tracking—a practice often ... Read more ›
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Common Ventures has launched its Common Path programme, which is designed to help talented graduates from lower-income backgrounds build a career in startups. The programme is designed to identify graduates with the drive, resilience, self awareness and mental agility to thrive in startups, regardless of where they went to school or who they know. Through ... Read more ›
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The UK government’s £298bn Defence Investment Plan promises to improve the nation’s security and support what could represent a key area of economic growth. According to the plan, it will “energise the transformation of our armed forces” and “rebuild warfighting readiness” at a time when the state of geopolitical security is genuinely alarming. Highlights of ... Read more ›
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28.07.2026 08:30
Last update: 08:26 EDT.
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