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Oscar Hornstein @ UK Tech News · 04/08/2025 05:32 EDT

Software group Checkit to lay off staff in profitability push 

London-listed software group Checkit is cutting staff as part of strategic shift towards profitability.  The workflow management platform provider said the macroeconomic situation – highlighting UK National Insurance increases and US trade tariffs – has forced it to strengthen its financial position.  Following a review of the Cambridge-based firm’s operations and cost base, the group ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 04/08/2025 04:42 EDT

Anthropic expands London team in European push 

Anthropic is kicking off a hiring spree for its European locations with more than 100 new roles expected across London and Dublin.  The Californian AI unicorn behind Claude, founded by former OpenAI employees, said it would be hiring across sales, engineering, research and business operations, with its UK and Ireland offices receiving the bulk of ... Read more

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UK Tech News
Lynette Nusbacher @ UK Tech News · 04/08/2025 02:01 EDT

Is the NHS sleepwalking into a Microsoft monoculture?

In the past five years, electronic records have replaced paper in most UK health environments. Twenty years of trying, buying, and connecting these systems has created more digitised data on wellness and illness than any group of humans could meaningfully explore in a lifetime. Data scientists can now unleash algorithms into those seas of data ... Read more

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UK Tech News
UKTN @ UK Tech News · 04/08/2025 00:00 EDT

Democratising access to youth mental health – Manjul Rathee

This week’s podcast guest is Manjul Rathi, co-founder and CEO of BfB Labs, who discusses the importance of providing broad access to mental health services to as many young people, the value of maintaining commitments to diversity, equity and inclusion and how the success of Adolescence has highlighted the anxieties families have around how children ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 04/07/2025 19:01 EDT

Belfast carbon capture firm Nuada secures £2m from EU grant 

Belfast-based carbon capture startup Nuada has become the first Northern Irish recipient of the EU’s EIC Accelerator prize, securing €2.5m (£2.1m).  The accelerator, run by the European Innovation Council (EIC), offers funding and business support to startups in emerging markets in Europe.  “The award from the EIC Accelerator is another stamp of approval for Nuada’s technology ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 04/07/2025 09:23 EDT

Edinburgh software group Podfather secures £3.4m investment 

Scottish fleet management software group Podfather has secured a £3.4m investment from new investor Maven Capital Partners.  The deal includes funding from Maven Investor Partners as well as IFS Maven Equity Finance, an investment fund targeting businesses in Scotland managed by Maven and delivered by the British Business Bank.  Epod Solutions Group, which trades as ... Read more

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UK Tech News
Simon Hunt @ UK Tech News · 04/07/2025 08:50 EDT

EnSilica shares tumble on contract delays

Shares in EnSilica tumbled as much as 25% on Monday after the firm reported delays to multiple contracts. The Oxford-based semiconductor business said its design and supply agreement with Siae Microelectronica, which had been expected to deliver “significant” revenues as soon as this year, is now expected to be delivered over 2026 and 2027 due ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 1 place · 04/07/2025 07:03 EDT

Innovate Finance joins chorus calling for social media to share fraud liability

Innovate Finance, the industry body for British fintechs, has called for an anti-fraud strategy that would force social media and telco firms to share liability with payment providers in reimbursing fraud, echoing calls from the sector.  The group said social media platforms like Facebook as well as calls and texts managed by telco groups should ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 04/07/2025 04:52 EDT

Metro Bank partners with AI startup to tackle fraud

Metro Bank has launched a scam detector in partnership with AI startup Ask Silver as fraud forces billions in losses in the UK.  Fraud represents one of the most common legal risks to people in Britain, with more than four in 10 crimes in the UK being scams or fraud, according to UK Finance.  Over ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 04/07/2025 04:34 EDT

Europe expansion swings ClearBank to 2024 loss 

London fintech ClearBank swung to a loss in 2024 as the costs of European expansion took their toll on the firm’s bottom line.  The British fintech reported its UK business was profitable for the second year in a row – though pre-tax profit did fall around 60% to £9.9m compared with 2023.  The implementation of ... Read more

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UK Tech News
Simon Hunt @ UK Tech News · 04/07/2025 04:20 EDT

Fintech is Facebook’s latest foe

Since it was founded in a college dorm two decades ago, Facebook has never been short of controversy. Perhaps that’s because its founder, Mark Zuckerberg, has never been worried about attracting it. Even in the early days, when a friend of Zuckerberg asked how he managed to collect thousands of personal emails, pictures and addresses, ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 04/06/2025 19:01 EDT

New £50m cyber fund launches amid pressure to shore up digital defences 

A new £50m cybersecurity investment fund from VC firm Osney Capital featuring state backing has launched as firms come under pressure to bolster their cyber defences.  The fund, which has received investment from British Business Bank, will back 30 companies at the seed and pre-seed stage with cheques between £250,000 and £2.5m as well as ... Read more

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UK Tech News
Simon Hunt @ UK Tech News 1 place · 04/05/2025 02:38 EDT

Why banks are leading the way on quantum

By now, most people will have heard of quantum computing. But a much smaller subset will be aware of how the technology works and the full range of potential use cases. It will surprise some to learn that modern quantum theory has been around for a century. But the difficulty, as well as the cost ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 2 place · 04/04/2025 09:13 EDT

Britain’s biggest defence tech companies 

Times of geopolitical crisis tend to spell good fortune for the firms developing technology to shore up the world’s militaries.  Last month, Chancellor Rachel Reeves pledged an additional £2.2bn to the Ministry of Defence, alongside a pledge to dedicate a minimum of 10% of the department’s budget on “novel technology”, suggesting a windfall for the ... Read more

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UK Tech News
UKTN @ UK Tech News 3 place · 04/04/2025 06:00 EDT

UK tech funding roundup: This week’s deals from Isomorphic Labs to WealthyHood

This week’s UK tech funding roundup includes drug discovery DeepMind spinout Isomorphic Labs, surgical robotic firm CMR Surgical and more. UKTN tracked £800.1m worth of UK tech investment this week (31 March to 4 April), a major week-on-week increase across nine funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Isomorphic Labs ... Read more

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UK Tech News
Simon Hunt @ UK Tech News · 04/04/2025 05:10 EDT

An AI-powered proptech startup has shut for business after the founders spoke of their own ‘vanity and stupidity’. London-based Tract, which was founded in 2023, had raised funds from VC firms Ada Ventures and Concept Ventures to build a platform which identifies areas of land to be built and compiles the relevant planning permission documentation, ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 04/04/2025 04:55 EDT

Government unveils £13.9bn R&D investment 

The government has committed £13.9bn in research and development (R&D) spending, turning to new technologies to support its growth agenda.  The funding will be allocated by the Department for Science, Innovation and Technology (DSIT) across a handful of associated agencies.  UK Research and Innovation (UKRI) – which finances scientific research – will receive £8.8bn over ... Read more

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UK Tech News
Sid Pourfalah @ UK Tech News · 04/04/2025 02:00 EDT

The tech tackling the environmental cost of government housing targets

In the Spring Statement, Rachel Reeves announced that the Office for Budget Responsibility (OBR) had concluded the Government’s planning reforms and will help build over 1.3 million homes in the next five years. The reforms are expected to drive housebuilding to a 40-year high, with 305,000 homes built annually by the end of the forecast ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 04/04/2025 00:00 EDT

Scope3 founder: Be eternally curious

Anne Coghlan is the co-founder of Scope3, a software firm providing sustainability insights on supply chains. In this week’s Founder in Five Q&A, Coghlan discusses why founders be “eternally curious” and never stop learning, why being transparent with your team is essential and why positive outcomes for the planet don’t have to be negative outcomes for ... Read more

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UK Tech News
Simon Hunt @ UK Tech News · 04/03/2025 10:26 EDT

AI for investment firms AlphaLoops lands £440k grant

A startup building the agentic operating system for investment firms has secured a £440k grant to scale the business. London-based AlphaLoops has been awarded the UK Smart Grant by Innovate UK, part of UK Research and Innovation, the UK’s national innovation agency, making it one of only 2% of successful applicants. The firm is developing ... Read more

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21.12.2025 23:23
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