Insurtech group Marshmallow has raised $90m (£68m) in a combined debt and equity raise at a valuation of $2bn. Three years after Marshmallow, which provides vehicle insurance services to migrants to the UK, secured unicorn status off the back of an $83m Series B, the company has now almost doubled its valuation. Having surpassed one ... Read more ›
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You always think, “It will never happen to me”. But the truth is, in today’s fast-paced world when we’re surrounded by information, it’s easier than ever to fall for a scam. Fraud is an enormous problem: one which costs the British economy £2.6 billion a year, undermining public trust in our financial services and causes ... Read more ›
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This week’s podcast guest is Jonathan Berry, Viscount Camrose and former Conservative AI minister, who discusses how artificial intelligence policy has changed with the Labour government, why the work it must do is difficult but necessary and why clarity on AI regulation is vital for businesses. Berry is a hereditary peer in the House of ... Read more ›
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Wonder, a self-described “AI-native creative studio”, has secured a $3m (£2.3m) pre-seed funding round to disrupt filmmaking. Backed by executives from the AI industry, including ElevenLabs co-founder Mati Staniszewski and OpenAI’s head of startups Laura Modiano, Wonder claims it can use AI to create Hollywood level visual storytelling. The generative AI startup said it can ... Read more ›
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Health tech was the UK’s strongest sector for investment in the first quarter of 2025, with startups in the field pulling in $1.8bn, according to new research. Health tech and life sciences startups saw their second strongest quarter for VC investment on record in the first three months of the tear, analysis from HSBC Innovation ... Read more ›
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The UK government is making £121m of investment in quantum technologies available over the next year to support public services and enhance cybersecurity. Announced on World Quantum day – 14th April – the investment is part of the £1bn public-private partnership-backed National Quantum Technologies Programme, a collaborative scheme from government, industry and academia to establish ... Read more ›
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There has been debate brewing these past few months over who should be held responsible for reimbursing the victims of fraud. For a while, the conversation was largely between the UK’s largest fintech – Revolut – and the world’s largest social media company – Meta. Revolut has published some strong words on what they see ... Read more ›
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This week’s UK tech funding deals include AI infrastructure developer NexGen Cloud, fleet management software group Podfather and more. UKTN tracked £54.55m worth of UK tech investment this week (7 April to 11 April), a 93% week-on-week decrease across nine funding rounds. Here’s your weekly roundup of UK tech startup funding deals. NexGen Cloud – ... Read more ›
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Steve Rhodes is the co-founder of ElasticStage, a music tech startup that has developed a platform for making and distributing high-quality vinyl records on-demand. In this week’s Founder in Five Q&A, Rhodes discusses embracing naivety, playing to one’s own strengths and another life as a signed recording artist. What advice would you give to a first-time ... Read more ›
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Northern Irish zero emissions bus manufacturer Wrightbus is investing £25m to develop clean transport technology across the UK. The company said the research and development project would bring skilled jobs and vital transport infrastructure to Northern Ireland and the wider UK. The investment includes £10m to develop efficient electric buses, £5m to develop hydrogen-powered coaches, ... Read more ›
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Barclays went down from January 31st to February 2nd because of a problem in a ‘critical module of our UK mainframe’, locking people out of their accounts on the day of deadline for self-assessment tax returns. TSB, Nationwide, First Direct and Lloyds all experience significant problems, with customers were unable to access their accounts on ... Read more ›
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Studio Graphene has launched Pulse, its new proprietary technology platform to enhance project delivery. Pulse has been designed and built in-house to create the best environment for building digital products. The platform tracks and measures performance across every stage of the product development lifecycle, allowing Studio Graphene to gain a deep understanding of its delivery ... Read more ›
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Deep tech investor Northern Gritstone has raised £50m from institutional investors including the investment arm of insurer Aviva. The cash injection brings the Pragmatic Semiconductor and Optalysys investor’s total permanent capital to £362m. Northern Gritstone backs life science and deep tech firms in the north of England, typically at an early stage. “We are very ... Read more ›
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Damisa, a cross-border payments platform from Volt co-founder Jordan Lawrence, has secured a £2.25m pre-seed round. Specialising in cross-border transactions, Damisa’s platform is focused on logistics, real estate, travel and education use cases for international transfers. Lawrence co-founded open banking payments fintech Volt, worth $350m, in 2019, before launching Damisa earlier this year alongside former ... Read more ›
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Shutterstock will share its content library with London-based AI unicorn Synthesia as it trains a new model for its generated avatars. The new agreement grants the research and development team at Synthesia access to Shutterstock’s hundreds of millions of images and videos to support the development of EXPRESS-2, an upcoming AI video and audio model ... Read more ›
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The latest generation of large language model (LLM) chatbots have made great strides and exhibit an impressive range of human-like abilities. In the excitement surrounding these breakthroughs, people have imagined a future where these systems take over entire professions: drafting legal arguments, delivering medical diagnoses, managing complex engineering systems, and even making high-level policy decisions. ... Read more ›
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A new $100m (£77.7m) early-stage European software startup fund has launched from software-focused VC group DIG Ventures. Specialising in seed and pre-seed investments, DIG Ventures will target European businesses in the software, AI and cloud infrastructure sectors. The fund has deployed capital to 15 startups so far, including observability platform Dash0 and AI platforms Nexos.ai ... Read more ›
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Pressure on social media platforms to share the responsibility of tackling fraud is rising as banks and payment firms call for a joint effort. Amid public demands from the likes of Revolut and Innovate Finance for social media to take greater responsibility in supporting fraud victims, a handful of firms have told UKTN they support ... Read more ›
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Around 40% of start-ups built in the UK are destined to fail, so what can we do to reverse this trend? A common denominator often shared by failing businesses is a lack of financial literacy and a minimal understanding of the early warning signs of insolvency. This information must be embedded into every business playbook, ... Read more ›
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OSSTEC, a London-based startup using 3D printing to improve joint replacement implants, has raised £2.5m. There are more than a million knee replacement surgeries performed globally each year and these operations present serious risks, with 35% of patients being at a high risk for failure, requiring revision surgeries, according to the company. Based on a ... Read more ›
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10.03.2026 07:34
Last update: 07:26 EDT.
News rating updated: 13:22.
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