This weekâs UK tech funding deals include smart electricity startup Ionate, investigation software provider Blackdot Solutions and more. UKTN tracked ÂŁ40.2m worth of UK tech investment this week (3 February to 7 February), an 80% week-on-week decrease across six funding rounds. Hereâs your weekly roundup of UK tech startup funding deals. Ionate â ÂŁ13.6m Sector:Â Energy ... Read more âș
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Shares in London-listed cloud data centre company Iomart fell by around 27% on Friday after reporting an increase in customer churn. The Glasgow-founded cloud provided said in a trading update that a recent acceleration in customer churn, along with lower renewal levels in private cloud managed services has had an âamplified impact on profit contributionâ, ... Read more âș
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Ari Last is the founder and CEO of Bubble, a childcare platform connecting nannies and babysitters with families. In this weekâs Founder in Five Q&A, Last discusses hiring exceptional talent over blindly growing headcounts, the concerning impact of social media on kids and starting at his career as a football commentator for UEFA. What one thing ... Read more âș
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Digital banksâ share of primary banking relationships fell in 2024, a survey has found, as traditional high street banks ramped up incentives and fine-tuned their tech offering to attract and retain customers. Neobanks accounted for 5% of primary banking relationships in the UK in 2024, down from 6% in 2023, according to a survey of ... Read more âș
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A debt funding frenzy and a flurry of mergers and acquisitions in UK tech could be on the cards as the Bank of England cut interest rates for the third time in the past year. Britainâs central bank reduced the benchmark rate on Thursday from 4.75% to 4.5%, the lowest level since June 2023. With ... Read more âș
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Cambridge-based âadvanced intelligenceâ software provider Blackdot Solutions has received a ÂŁ4.5m round led by Maven Capital Partners. The funding will be used to scale the development of the companyâs investigation software used by governments, law enforcement and corporates. The bulk of the investment will come from Mavenâs Venture Capital Trust (VCT), with additional financing coming ... Read more âș
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A former executive at adult content business OnlyFans has joined the C-suite team at Oh, a recently launched startup offering intimate chats with AI-generated models. Erika Coppel, who worked as the global head of creator experience and marketing at OnlyFans for over two years, will join the startup as its chief marketing officer, tasked with ... Read more âș
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Data generated by quantum computers can now be used to train AI systems, following the unveiling of the worldâs first generative AI quantum framework (Gen QAI) from computing giant Quantinuum. The Cambridge and Colorado-based firm â formed in 2021 through a merger between Britainâs Cambridge Quantum Computing and Americaâs Honeywell Quantum Solutions â said its ... Read more âș
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The CFO of London-listed enterprise software provider Aptitude will step down as the company restructures it strategy. Mike Johns, who has been with Aptitude for more than seven years, will resign as its finance chief and board member after the release of its upcoming full year results for 2024. Aptitude said the decision was made ... Read more âș
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A startup promising to modernise electrical power grid has raised $17m (ÂŁ13.6m) in a fresh funding round. Founded in 2019, London-based IONATE has built a full stack solution that consolidates multiple power system functions into a single, cost-effective device, addressing the shortcomings of traditional offerings. The firmâs hardware Hybrid Intelligent Transformer replaces old transformers with ... Read more âș
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A new data bill expected to become law in Spring could draw on the success of Open Banking to unlock ÂŁ27bn of âsmart dataâ economic growth, a new report has found. The Tony Blair Institute and Startup Coalition have called for a âsmart data revolutionâ, which will be made possible by the passage of the ... Read more âș
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Funding raised by UK tech companies in January reached a six-month high, brought on by a surge in AI investments, fresh figures from UKTN have found. Across January, UKTN tracked ÂŁ794.3m worth of funding rounds for British tech firms, almost double the average amount raised across the previous six months (ÂŁ433.7m).  The encouraging numbers ... Read more âș
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Sales of Tesla vehicles slipped as much as 12% in January despite it being the best month on record for the EV market in the UK, fresh data has found. A total of 1,416 Teslas were registered in January, a drop of 188 compared to the same time last year, according to figures by New ... Read more âș
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European venture capital firm Cherry is launching a $500m (ÂŁ402m) fund with the goal of finding the continentâs first trillion-dollar technology company. There are currently 10 companies in the world valued at over $1tn, all of which are based in the US, with the singular exception of the state-owned oil giant Saudi Aramco. Europe, by ... Read more âș
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Oxford-based Sophos has acquired US cybersecurity firm SecureWorks in a $859m deal. The transaction will make Sophos the largest pure-play Managed Detection and Response (MDR) provider, supporting more than 28,000 organizations. US computing giant Dell, which controls around four-fifths of the share capital of the Nasdaq-listed business, had reportedly been seeking a private sale of SecureWorks ... Read more âș
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DEI is under attack. US president Donald Trump has begun a crusade to strip diversity policies from government institutions, while senior tech leaders like Metaâs Mark Zuckerberg have called for workplaces to become âmore masculineâ despite the fact that the social media giantâs workforce is already male-dominated. Is now really the time to tear up ... Read more âș
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The boss of the organisation behind Britainâs first AI growth zone has said he has âexciting plansâ for the science campus on which it will be built after it was unveiled as a future hub for artificial intelligence in a government report. Tim Bestwick, who was appointed the UK Atomic Energy Authorityâs Chief Technology Officer ... Read more âș
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Oxfordshire semiconductor firm EnSilica will receive ÂŁ10m from the UK Space Agency to develop OneWeb-compatible chips as part of a wider funding scheme to bolster Britainâs satellite market. The government contract comes just months after the London-listed chipmaker warned it would not be able to continue trading over the next year without a cash injection. ... Read more âș
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GoCardless has axed 20% of its staff in a bid to cut costs as it eyes full-year profitability. The London fintech reduced its staff headcount from 764 to just over 600 in the second quarter of 2024, according to accounts filed by Companies House, as it vowed to hit profitability âwithin the next two yearsâ, ... Read more âș
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Digital identification company Onfido cut almost a fifth of its workforce, as revealed in its first results since being acquired by US firm Entrust. The groupâs financial report for the year ended January 2024 saw the average employee headcount fall by 19% to 224 people, which helped cut Onfidoâs operating loss from ÂŁ31.9m to ÂŁ12m. ... Read more âș
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Business Insider
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34% 10 |
TechRadar
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8% 7 |
Android Authority
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7% 5 |
Wired
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6% 5 |
Slashdot
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6% 0 |
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22.12.2025 12:53
Last update: 12:46 EDT.
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