The Manchester Prize has returned for its second year as the British government hopes to incentivise AI innovation in the clean tech sector with £2m of prizes. First announced by former chancellor Jeremy Hunt during the 2023 Spring Budget speech, the Manchester Prize is an annual competition for AI developers in the UK managed by ... Read more ›
15
British fintech company SumUp has raised €285m (£244m) to expand its global footprint amid a challenging year for tech funding. The London-headquartered firm provides a suite of tools for merchants including business accounts, online stores, invoicing and point-of-sales registers. SumUp plans to use the financing to launch into additional markets after launching in Australia – ... Read more ›
23
Housr, a startup that has created a property app for students and landlords, is eying US expansion after closing £1.5m of a targeted £5m round. Housr has built an app for students to find rental properties, book viewings, along with managing bills and maintenance. The portal provides management tools for property owners, who are paid ... Read more ›
9
The UK’s competition regulator is asking for industry views on Microsoft’s partnership with ChatGPT maker OpenAI ahead of a potential investigation. The Competition and Markets Authority (CMA) said it was seeking comments to establish if a “merger situation” had arisen between Microsoft and OpenAI following the recent chaos at the generative AI startup. Last month ... Read more ›
0
Limited specialist knowledge from financial regulators has caused delays in tackling crypto-related crime, according to a report from public spending watchdog the National Audit Office (NAO). In its latest report covering changes to financial services regulation, the NAO said that while the Financial Conduct Authority (FCA) has required cryptoasset firms to comply with anti-money laundering ... Read more ›
0
Personalised digital medical coaching app Holly Health has secured £650,000 in a joint equity and grant funding round. The Holly Health app was built by psychology and healthcare professionals to provide coaching and support to people facing multimorbidity – simultaneous chronic health conditions. According to the startup, multimorbidity affects more than a quarter of adults ... Read more ›
0
Meta has rolled out end-to-end encryption for personal chats on Messenger on Facebook, reigniting the UK government’s debate on online safety. The move will make end-to-end encryption the default on Facebook and Messenger. It had previously been opt-in. End-to-end encryption, or E2EE, means that only the sender and receiver can read the contents of the ... Read more ›
0
Alex Templeton is the founder and CEO of Qured, a firm providing remote health screening to employers. Staff use a painless at-home blood testing device, which has microneedles thinner than an eyelash, to assess everything from fertility and vitamin levels to diabetes risk and organ function. Qured launched in 2017. The service is positioned as ... Read more ›
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While nothing in life is guaranteed, the prevailing sentiment for job hunters in tech is that new UK tech jobs are being hired for more mindfully. Without easy access to VC funding, we’ve seen a swathe of layoffs, but also a renewed focus on strategic key hires. Organisations that are hiring for 2024 include those ... Read more ›
0
A US private equity firm has moved to acquire Glasgow-based Smart Metering Systems (SMS) for £1.3bn in a deal that would delist the energy infrastructure company from London’s public markets. The boards of KKR and Smart Metering Systems said on Thursday that they had reached an agreement on the terms, which values each SMS share ... Read more ›
0
The majority of companies backed by venture capital trusts (VCTs) are planning to expand overseas next year, new data shows. A survey of 119 growth companies that have received financial backing from VCTS found that more than 90% of respondents have set their sights on international expansion in 2024. VCTs are investment companies listed on ... Read more ›
9
The government has launched a £1m prize for innovative AI-based solutions to support the energy sector, the environment and infrastructure. First announced in March during the Spring Statement, the Manchester Prize was created as part of the government’s ambition for the UK to take a leading role in the rapidly growing AI industry. The first ... Read more ›
0
Harriet, an AI tool designed to automate human resources (HR) processes, has launched today backed by a £1.2m funding round. The London-based team has developed an AI assistant that can be incorporated directly into companies’ Slack channels that provides HR services. The machine learning tool scans users’ data as well as its policies and best ... Read more ›
0
Embedded finance provider Liberis has secured $112m (£89m) in debt financing from HSBC Innovation Banking and BCI Capital to fund international expansion. Liberis, which builds tools to provide small businesses with accessible finance, said it will launch in Canada, Germany and Poland next year. The London-based firm works with companies to embed its finance tools ... Read more ›
6
Deep tech incubator Science Creates has secured £8.5m to open a third facility in Bristol for spinouts operating in areas including quantum computing and bioengineering. The new incubator will be located at the Temple Quarter Enterprise Campus in Bristol and provide research and lab space to around 275 spinout companies. Investment for the incubator was ... Read more ›
0
Chip maker Pragmatic has raised £182m to fund an expansion of its manufacturing facilities in a boost for UK semiconductor production. Cambridge-headquartered Pragmatic said it has secured £162m and has an additional £20m of capital allocated for a limited second close. In the short term, Pragmatic will use the influx of capital to build its ... Read more ›
9
Octopus Money, the financial advice subsidiary of Octopus Group, has acquired a majority stake in divorce services startup Amicable. Founded in 2015, Amicable works with separating couples, offering an alternative to hiring legal representation. For a fixed fee Amicable provides legal advice, documentation and even emotional coping support in the form of a post-divorce meditation ... Read more ›
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UK startups backed by US finances have ceded too much control to investors across the Atlantic and as a result are losing digital talent, according to the head of OpenUK. In an interview with UKTN, Amanda Brock – chief executive of the open source advocacy group OpenUK – said that UK-based tech talent moving to ... Read more ›
8
Oxford Metrics, the motion capture company behind the ABBA Voyage holographic tour, has bumped up its revenue by more than half thanks to a strong year for its recently launched Valkyrie system. The London-listed company, which has provided advanced camera systems for projects such as the film Titanic, posted revenue of £44.2m in its latest ... Read more ›
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HomeCooks, an online marketplace for independent chefs to sell ready-made meals to consumers, has secured $3.1m (£2.45m) in equity funding to continue its expansion across the UK. Joshua Magidson founded HomeCooks in 2020. Chefs or small businesses can cook pre-prepared meals in bulk and list them on HomeCooks’ marketplace. HomeCooks collects, freezes and delivers the ... Read more ›
0
London-based cybersecurity startup Klarytee, which provides businesses with encryption tools for sensitive data, has raised £700,000 in pre-seed funding. Founded in 2021, Klarytee has built a software platform to keep companies’ data encrypted but still readily accessible to those who need it. Founder Dr Nithin Thomas said the inspiration for the company came from his ... Read more ›
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Tech Wire Asia
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26% 9 |
Business Insider
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24% 7 |
Android Authority
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6% 1 |
Eurogamer.net
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5% 2 |
Gizmodo
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4% 1 |
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29.11.2024 23:49
Last update: 23:40 EDT.
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