Revolut has reported a record pre-tax profit of $1.4bn (£1.1bn) in 2024, marking its fourth consecutive year of profitability. In its annual report for the year ending 31 December last year, the British neobank revealed significant growth across all business segments, with its pre-tax profit up 149% year-on-year and customer base growing by 38% to ... Read more ›
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Scalefusion is expanding into the UK and Ireland to meet the growing demand for enterprise mobility and security solutions across Europe. The India-headquartered firm was founded in 2015 is a provider of unified endpoint management (UEM) solutions, and has created a platform for IT teams to provision, monitor and secure devices from a single, centralised ... Read more ›
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The European Commission has unveiled a €6 million investment to the SPRINTER project which is developing optical and wireless technology to revolutionise industrial networks’ communications systems. Using light instead of electricity, this new industrial internet offers wired and wireless connections between machines, rooms and buildings. The SPRINTER initiative is redesigning what it calls the ‘nervous ... Read more ›
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Ed Barrow is the CEO and co-founder at Cloud Capital, a platform that aims to turn cloud cost chaos into clarity for financial leaders. The first of its kind, Cloud Capital is a fintech platform purpose-built for cloud infrastructure, designed to help CFOs forecast, manage, and de-risk cloud spend. The AI-powered platform provides end-to-end visibility, ... Read more ›
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Ofcom has finalised child safety measures for sites and apps which will be introduced from July this year. The regulatory body for communication services has set more than 40 practical measures for tech firms to meet their duties under the Online Safety Act. These will apply to sites and apps used by children in the ... Read more ›
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New start-up Cloud Capital unveiled it has raised $7.7m (£5.8m) in a latest funding round. The funding was backed from a series of venture capitalists, including Connect Ventures, Backed Ventures and Middlegame Ventures. Cloud Capital plans to use the capital to redefine how finance teams manage cloud spend by building the first fintech platform for ... Read more ›
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The European Commission has fined Apple and Meta a collective €700m (£599m) for breaching various clauses of the Digital Markets Act (DMA). The Commission found that Apple breached its anti-steering obligation and that Meta breached its DMA obligations give consumers the choice of a service that uses less of their personal data. Apple was fined ... Read more ›
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Ericsson has announced a €200m (£171m) investment over the next three years in a research, development, and innovation (RD&I) project at the company’s Athlone facility in central Ireland. The investment aims to deliver next-generation open network management and automation capabilities with AI, machine learning, and advanced analytics. Such capabilities will help communication service providers, known ... Read more ›
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Ovo Labs, a frontier company dedicated to advancing egg quality and reproductive longevity, is making its debut with £4m in seed funding. The round, co-led by Creator Fund and Local Globe and with participation of Blue Wire Capital, Ahren Innovation Capital and Antonio Pellicer, founder of IVI. The company builds on research from one of ... Read more ›
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Deep tech company Neurolabs has closed a $7.8m Series A funding round, led by pan-European venture capital firm Nauta. The investment is set to accelerate Neurolabs’ mission to transform how consumer packaged goods (CPG) brands capture and act on in-store data. The round had participation from existing investors including LAUNCHub, Lunar Ventures and Techstart and ... Read more ›
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UKTN can exclusively reveal that the UK and New Zealand’s space sectors will join forces to tackle climate issues facing both Earth and outer space as part of new agreements struck during New Zealand Prime Minister Christopher Luxon’s visit to the UK this week. As part of a new UK-New Zealand space science partnership, the ... Read more ›
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The traditional philosophy of the first-mover advantage is dead in today’s startup ecosystem. We are nowadays in the age of open information – sources such as LinkedIn or GitHub make everything open and transparent. Combined with an abundance of venture capital and that the cost of building software is gradually trending to zero, it is ... Read more ›
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Climate tech company 51toCarbonZero has secured £3m in funding to expand and enhance its next-gen platform. Fuel Ventures led the investment for the sustainability business, with the funding round including contributions from angel investors. 51toCarbonZero specialises in a growing number of sectors including advertising, sports and entertainment, with this additional funding enabling 51toCarbonZero to extend ... Read more ›
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Nearly half of FTSE 100 companies (48%) have now established chief AI officers or equivalent AI-focused roles, according to a new report from AI-native executive search firm pltfrm. The report, ‘All In: The Corporate AI Leadership Race’,  shows companies are racing to hire AI-savvy executives, with 65% of these AI leadership roles created in the last ... Read more ›
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Panos Panay, Amazon’s head of consumer electronics, has been selected to manage the company’s move into Cyprus. Panay joined the global conglomerate in 2023 following 19 years at Microsoft and has been running the consumer electronics business in his tenure – including Alexa, Echo and Fire TV. Sources close to Nicodimos Damianou, deputy minister of ... Read more ›
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Nearly three-quarters (73%) of UK businesses have seen an increase in online fraud over the past 12 months, according to a new survey by Veriff. The global identity verification firm’s UK Fraud Industry Pulse Survey polled 200 fraud professionals across financial services, technology, and retail sectors. The same proportion of those surveyed (73%) reported that ... Read more ›
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Dell Technologies has appointed Lisa Ergun as the client solutions group (CSG) channel lead for the UK. Ergun will spearhead Dell’s UK CSG channel strategy, focusing on key growth areas such as AI-powered PCs, sustainable IT solutions and advanced security compliance. In her new role, Ergun will work closely with Dell’s UK Channel lead, Ian ... Read more ›
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TDK Ventures, the corporate venture capital subsidiary of Japanese electrical conglomerate TDK Corporation, has launched Fund 3, a $150m (£112m) commitment to catalysing the next generation of deep tech startups. Fund 3 will target seed to Series B early-stage businesses, with the firm promising startups a platform to scale faster with less risk through its ... Read more ›
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The global payments platform Ecommpay has appointed Roy Blokker as head of strategic sales as the company sets to grow its footprint across Europe. Blokker will focus on engaging with large, complex, and globally focused merchants to build strategic partnerships and will lead the development of tailored solutions that deliver optimal payment performance. In his ... Read more ›
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CSignum has completed a £6m funding round to accelerate the growth of its EM-2 family of products which are set to innovate the way critical wireless sensor data is transmitted from submerged environments to networks above. The Series A funding round was led by a variety of investors including Scottish Enterprise, British Business Investment and ... Read more ›
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Most popular sources
Business Insider
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34% 8 |
Tom's Hardware
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20% 5 |
Gizmodo
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13% 4 |
Eurogamer.net
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6% 2 |
The Verge
|
5% 1 |
| View sources » | |
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21.12.2025 19:38
Last update: 19:30 EDT.
News rating updated: 02:30.
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