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UK Tech News
Oscar Hornstein @ UK Tech News 2 place · 08/01/2025 09:18 EDT

FCA confirms crypto ETNs will open up to retail investors

Retail investors will soon be able to invest in cryptoasset-backed exchange traded notes (ETNs) in a major boost for the blockchain sector. UK financial regulators have been slowly opening up access to cryptoasset-related investments in an official capacity. Last year, the Financial Conduct Authority (FCA) approved the country’s first London-listed crypto ETNs – unsecured debt ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News 3 place · 08/01/2025 08:00 EDT

OpenAI and London’s Nscale to build massive European data centre

Nscale, the London-based AI hyperscaler company, has been tapped by ChatGPT developer OpenAI to build European AI data centre initiative Stargate Norway. The project marks OpenAI’s first European-based AI data centre scheme that it claims will provide large-scale compute capacity to European developers, researchers and startups. UK-based Nscale, which last year closed a $155m (£118m) ... Read more

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UK Tech News
UKTN @ UK Tech News · 08/01/2025 06:00 EDT

Founder in Five: Ravical CEO on learning to prioritise

Joris Van Der Gucht is the co-founder and chief executive of Ravical, a firm developing agentic AI technology for the professional services industry. In this week’s Founder in Five Q&A, Van Der Gucht discusses why founders need to learn early on what is and is not urgent, the trap of poor communication and ruthless management of ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 08/01/2025 05:29 EDT

Dozens of sites under Online Safety Act investigations

Ofcom has launched investigations into dozens of sites hosting adult content to determine the level of compliance with recently enforced age verification requirements. Last week the section of the Online Safety Act requiring the hosts of adult-oriented content to enact strict age checks came into force. Among the primary targets for this were pornographic sites. ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 08/01/2025 04:40 EDT

AI-powered Rightmove challenger raises £3m

Jitty, a London-based proptech group that describes itself as the UK’s first AI-powered home-buying agent, has secured a $3.8m (£2.8m) investment round led by REA Group. Taking on services like Rightmove and Zoopla, Jitty has developed a AI search feature to allow for easier customisable property searches from customers. Built by former developers from Deliveroo, ... Read more

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UK Tech News
Jessica Nangle @ UK Tech News · 08/01/2025 03:00 EDT

CIC commits £100m to back local university spinouts

Venture capital firm Cambridge Innovation Capital (CIC) is committing at least £100m to invest in spinouts from the University of Cambridge. The funding from the investor, which targets the UK’s highest-potential deep tech and life sciences companies, will seek to take advantage of the commercial potential in science and technology innovation developed by Cambridge researchers. ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/31/2025 10:00 EDT

New York investor Brighton Park Capital opens London office

Brighton Park Capital, an investment firm based in New York, has opened a London office in the group’s first international expansion. With offices in New York, San Francisco and Connecticut, Brighton Park Capital has now designated its London location as the headquarters for its European operations. The group, which holds around $2.1bn (£1.6bn) in assets ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/31/2025 09:00 EDT

Xero’s UK MD hits back at claims AI is taking accounting jobs

The accounting and professional services sectors should not fear AI automation, despite hiring cuts at prominent firms, according to the UK managing director of Xero. There have been a number of reports claiming that firms like Deloitte, EY, KPMG and PwC, among other smaller businesses, have been slashing jobs and massively slowing down on graduate ... Read more

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UK Tech News
Russ Shaw @ UK Tech News · 07/31/2025 06:00 EDT

TechFirst initiative offers an opportunity for real progress on DEI

Earlier this month, I was invited to PICTFOR’s seventh annual Diversity, Equity and Inclusion Rally, hosted at the House of Commons. The focus of the event – attended by MPs Samantha Niblett, Mims Davies and Dawn Butler – was to share the important work being done on diversity in our sector. And yet, with slow ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/31/2025 05:46 EDT

Techscaler and Ventures Lab launch Scottish impact startup partnership

The Ventures Lab is partnering with Techscaler to support the creation and growth of startups in Scotland with social environmental missions. The organisations are working to strengthen the pipeline of impact-driven startups in Scotland through shared learning and aligned programme delivery. Techscaler is a startup development programme owned by the Scottish government and run by ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/31/2025 05:05 EDT

ClearBank appoints banking veteran as finance chief

Clearing and embedded banking group ClearBank has appointed David Samper, a banking veteran as its new group CFO. Samper joins the fintech from Newcastle Building Society, where he spent over six years as chief financial officer. He has also held senior roles at Sainsbury’s Bank, NatWest and Royal Bank of Scotland. While overseeing the finances ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/31/2025 03:00 EDT

AI cardiology group Ultromics gears up for US growth with £40m round

AI-powered cardiology diagnostics company Ultromics has secured a $55m (£41.4m) Series C funding round to fuel its expansion across the US. Founded in Oxford in 2017, Ultromics develops AI technology to support clinicians in the detection of particularly elusive forms of heart failure. According to research cited by the company, Heart Failure with Preserved Ejection ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/30/2025 10:00 EDT

JECO backed in first deal from Regional Angels co-investment fund

British Business Bank has backed automated software firm JECO in the first investment through the Regional Angels Programme’s new co-investment platform. West Yorkshire-based JECO, which develops automated toolsets designed for video game software developers and digital creatives, has secured a £960,000 investment led by Games Angels and featuring participation from British Business Bank. The round ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/30/2025 09:00 EDT

EXCLUSIVE: OnlyFans founder on the next phase of the creator economy

Subs.com, the new content creation platform created by OnlyFans founder Tim Stokely (pictured) is launching a tool wherein subscribers can receive a share of the revenue earned by creators they follow, UKTN can exclusively reveal. Stokely, who founded OnlyFans – currently valued by Dealroom at $8bn (£5.9bn) – in 2016, launched the rival content creation platform ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/30/2025 06:06 EDT

Google rolls out AI-powered search in UK

Google is rolling out an AI-powered version of its search engine to UK users as it continues to bet big on generative technology. The company has already been integrating AI into its traditional searches through the inclusion of AI-generated summaries that commonly appear at the top of its search results. It is now taking this ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/30/2025 05:36 EDT

Payments startup from Revolut alumnus extends seed with £3m

Due, a borderless payments startup founded by a Revolut alumnus, has extended its seed round with an additional £3m investment as it launches its stablecoin API. Founded in 2022, Due offers businesses multi-currency accounts that allow the sending and receiving of funds between fiat currencies and stablecoins – cryptoassets pegged to the value of traditional ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/30/2025 04:51 EDT

Octopus Energy advert banned for misleading price claims

An online advert for Octopus Energy has been removed by regulators over concerns it was misleading consumers about the price of its services. The ad in question, first seen via Facebook in September 2024, included text reading “installs from £500″ and “Heat Pump & Install From As Little As £500”. The Advertising Standards Authority (ASA) ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/30/2025 04:00 EDT

AI Security Institute launches Anthropic-backed alignment scheme

The UK’s AI Security Institute has launched a joint initiative with Amazon, Anthropic and its Canadian government equivalent to study AI alignment. The Alignment Project, backed by £15m, will see the state-owned institute work with industry and international partners to determine how to ensure, as the technology becomes more advanced, that AI systems behave predictably ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/29/2025 10:45 EDT

Climate tech holds a unique place within the UK’s wider tech industry. It is one of the best-funded subsectors in UK tech, but also one of the toughest areas for firms to scale to the later-stages. It is a significant economic opportunity, but also an industry attempting to deal with the greatest global crisis the ... Read more

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UK Tech News
Oscar Hornstein @ UK Tech News · 07/29/2025 07:14 EDT

Biotech Centauri Therapeutics receives £3.8m follow-on funding

Cheshire-headquartered biotech company Centauri Therapeutics has received $5.1m (£3.8m) in funding to support the development of its lead compound. Based in Alderley Park, Centauri specialises in immunotherapy drug discovery and is currently working on the development of its ABX-01 programme, a broad-spectrum antimicrobial selected to combat clinically prevalent drug-resistant bacteria. In support of this, the ... Read more

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