Earlybird Health, a division of VC firm Earlybird Venture Capital, has raised the final close of its €173m (£147.6m). The fund is targeting European startups in the healthcare sectors, with an emphasis on digital health, diagnostics, medical devices, research and development tools and biopharma. Based in Germany with a presence in London, Earlybird Venture Capital ... Read more ›
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A Cambridge-based company developing smartphone camera technology has secured over $40m (£32m) in a funding round that attracted investment from the venture capital arm of Sony. Cambridge Mechatronics develops shape memory alloy actuators that it says provide image stabilisation and autofocus in smartphone cameras using a “more compact and lightweight design”. Its approach, the company ... Read more ›
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The Alan Turing Institute, a UK government-backed data science and AI non-profit, has appointed four directors tasked with addressing societal issues. The appointments are part of the institute’s new strategy to shape how data science and AI can be used for social good. The key three areas of focus – referred to as “grand challenges” ... Read more ›
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TORTUS, a London-based startup using generative AI to assist clinicians with time-consuming admin tasks, has raised $4.2m (£3.3m). Founded in 2022 by a cardiologist and a machine learning engineer, TORTUS has built a platform, called Operating System Leverage in Electronic Records (OSLER), which can automate documentation and administrative workflows for medical professionals. Co-founder Dr Shankar ... Read more ›
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An “expert panel” featuring figures from NEST, IQ Capital and Legal & General has been created to support reforms geared towards driving pension funds into startups. The panel, which has been assembled by the British Private Equity and Venture Capital Association (BVCA), will look at the structural and technical issues related to enforcing pension reforms. ... Read more ›
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This week’s UKTN Podcast guest is Dr Angie Ma, co-founder of Faculty. In this episode, Ma unpacks why AI is a double-edged sword in an election year, explains why Faculty stopped doing political work post-Brexit referendum, and shares her top productivity tips for entrepreneurs. Ma founded Faculty with Dr Marc Warner and Andy Brookes in 2014. ... Read more ›
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UK non-profit tech equality advocacy group OneTech has brought on three new board members, including a former executive from Tech Nation. Founded in 2018, OneTech is a group aiming to boost inclusivity in the tech industry and amplify underrepresented voices. The group hosts networking and training opportunities backed by partners such as Google, JPMorgan, UKBlackTech ... Read more ›
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Belfast-based AI drug discovery startup AMPLY has raised £1.4m in grant funding as it gears up for its second pre-seed round. Founded in 2021, AMPLY is a spinout from Queen’s University Belfast. The company uses a proprietary AI model that it says reduces the cost of discovering new drugs. The startup is using AI to ... Read more ›
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Failing to reskill people for the AI revolution risks people becoming disenfranchised and causing problems that “challenge the foundations of liberal democracies”, the founder of Multiverse has said. AI taking jobs has been a long-running concern for workers, but recent advances demonstrated by technologies like ChatGPT have sparked a new urgency to the conversation. Euan ... Read more ›
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Business and technology leaders from Google, Microsoft, Vodafone and Barclays will convene at 10 Downing Street today for the first “AI Opportunity Forum”. Announced by Prime Minister Rishi Sunak in December, the forum will see the group discuss how to drive the adoption of AI in the private sector. The initial meeting, hosted by tech ... Read more ›
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Velocys, an Oxford-based energy-tech company developing sustainable aviation fuel (SAF), has secured a $40m (£31.7m) investment as part of a rescue deal that took the firm private. Founded in 2004, Velocys aims to decarbonise the air travel industry, which is responsible for 800 megatonnes of carbon emissions annually. The firm has received millions of pounds ... Read more ›
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US software company Figma has moved to a new London headquarters that doubles its presence in the UK capital just months after a takeover by rival Adobe fell through. Figma has relocated its European headquarters from an office in Soho to a workplace in Devonshire Square, a five-acre mixed-use workplace near Liverpool Street. It marks ... Read more ›
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A bill aiming to revamp regulation of digital markets is a positive move towards breaking the monopolies of Big Tech but risks being “watered down”, according to the co-founder of a startup taking on the audiobook and e-book giants. The Digital Markets, Competition and Consumers Bill is a piece of in-progress legislation that aims to ... Read more ›
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Lilli, a software-as-a-service company providing management tools for those living in care, has raised £8.2m. Based in Woking, Lilli uses AI and machine learning to observe the patterns and trends of users with medical needs to give insights to care workers. The company aims to give a greater sense of independence to those living in ... Read more ›
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Merseyside-based health tech company Inovus Medical has launched its new global headquarters at the Glass Futures Centre of Excellence in St Helens. Founded in 2012, Inovus Medical develops simulation technology for surgical training. The company develops both the equipment and software used to recreate the conditions of surgery for medical education. The firm’s new headquarters ... Read more ›
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A recent University of Pittsburgh study backs up with hard analysis what many have thought all along: return-to-office mandates are favoured by controlling bosses. The team behind the study analysed S&P 500 firms that publicly announced return-to-office (RTO) policies, and examined if mandates affected both the financial performance of the company and employee wellbeing. Despite ... Read more ›
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Copyright is the latest battleground for AI. Technology companies want easy access to large quantities of data to train their AI models. Content creators say their intellectual property is being used without permission or recompense. Most existing intellectual property laws were not written with AI in mind. Now, the rules of engagement are being tested ... Read more ›
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Robert Fryers is the CEO and founder of Spotta, a startup that has developed sensors to detect pests for the agriculture and hospitality sectors. Founded in 2018, Spotta’s sensors use machine learning to continuously monitor for infestations. Spotta says its AI sensors can detect when, where and what type of insects are active to make ... Read more ›
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The UK government has allocated £100m of funding for the biotech industry across 22 projects and six “mission hubs”. The Department for Science, Innovation and Technology (DSIT) announced on Friday that the funding will back “Engineering Biology Mission Hubs” and “Mission Award” projects focused on bioengineering projects. The goal is to “address global challenges” and ... Read more ›
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Startup accelerator Exchange has hired a new head to oversee its operations in Manchester and Leeds. Rich Jones, previously enterprise acceleration manager at NatWest, joins Exchange as it opens applications for its latest cohorts. Exchange is located at Department Bonded Warehouse in Manchester and Department Leeds Dock. Founded in 2019, it provides support to startup ... Read more ›
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Most popular sources
Business Insider
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32% 2 |
Tech Wire Asia
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12% 4 |
CNET
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10% 4 |
Tom's Hardware
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7% 4 |
The Verge
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6% 1 |
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29.11.2024 06:42
Last update: 06:36 EDT.
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