This week’s podcast guest is Ed Bussey, CEO of Oxford Science Enterprises, who discusses why time is running out to solve British tech’s scaleup funding gap, why the potential for the UK tech industry is so much greater than its current performance and an out-there idea to improve the competitiveness of the London public markets. ... Read more ›
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Vodafone and Three have completed a merger to create ‘VodafoneThree’, the UK’s largest mobile provider serving almost 30 million customers. The new combined business is 51% owned by Vodafone and 49% by CK Hutchison Group Telecom Holdings, the parent company of Three. VodafoneThree will be run by Max Taylor, currently serving as the UK chief ... Read more ›
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Manchester-based investor Palatine has taken a majority stake in fulfilmentcrowd, a cloud-based logistics firm from Lancashire. Fulfilmentcrowd has developed a platform for omnichannel retailers to outsource their end-to-end logistics and fulfilment processes to. This includes the receiving of goods, packing, dispatching and delivery. “The fulfilmentcrowd platform enables ambitious omnichannel brands to simplify and scale their ... Read more ›
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The upcoming launch of PISCES, the new investment framework allowing intermittent share auctions from private companies, risks encouraging a culture of “FOMO investing”, warned Carrie Osman, head of PE advisory firm Cruxy. The Private Intermittent Securities and Capital Exchange System, also known as PISCES, is a new scheme aimed at encouraging capital investments in companies ... Read more ›
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Literal Labs, a logic-based AI algorithm company led by former Arm VP Noel Hurley has raised £4.6m in a pre-seed investment. The Newcastle-based startup is developing logic-based AI models that aim to be faster and more energy efficient than modern neural networks. The company was spun out of Newcastle University by AI researchers Dr Alex ... Read more ›
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Pre-tax profits surged in Monzo’s latest annual results as the London challenger bank reported major growth in its business-facing offerings. The group reported profit of £113.9m for the year, up more than eight times from the previous year’s £13.9m. Growth has come fast in the past 12 months for the fintech, which in April surpassed ... Read more ›
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The UK’s data regulator has announced plans to relocate its national headquarters to Manchester in what the city has described as a landmark move. The Information Commissioner’s Office (ICO) has agreed a lease for a 20,000 sq ft facility at No.3 Circle Square in Manchester’s city centre. The site is owned by Bruntwood SciTech, a ... Read more ›
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Monday.com has opened the doors of its new 80,000 sq ft European HQ in London, signalling confidence in the “local ecosystem”. The Nasdaq-listed software firm, with a market cap of almost $15bn, has almost doubled its headcount in the British capital and by June expects its total London workforce to surpass 300 staff. “Our London ... Read more ›
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Cyber security software company Trend Micro has launched of a UK-hosted instance of its Vision One platform, an enterprise-grade solution that monitors threats across endpoints, cloud, email, networks and identities. By hosting the platform in the UK, Trend Micro says that this will ensure that sensitive security data remains subject to national jurisdiction, building digital ... Read more ›
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This week’s UK tech funding deals include SaaS platform Stotles, 3D environment generating AI group SpAItial and more. UKTN tracked £51.75m worth of UK tech investment this week (26 May to 30 May), a 48% week-on-week decrease across eight funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Stotles – £9.7m Sector: SaaS ... Read more ›
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When it comes to investment in startups and innovative early-stage companies, the UK has a self-sufficiency issue. Over the last decade, a shortage of funding from domestic investors – particularly for innovative tech companies at the mid to late stages – has forced many to seek overseas financial support to sustain growth. This decline in ... Read more ›
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Andriy Dovbenko is the founder and principal of UK-Ukraine TechExchange, an organisation conceived in 2023 to build important bridges between the UK and Ukrainian tech ecosystems. The non-profit organisation connects start-ups operating in defence and agricultural sectors with capital and individuals who can get technologies to market faster via in-field testing. It has an extensive ... Read more ›
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Web3-focused accelerator group Outlier Ventures has partnered with blockchain company Midnight Foundation to launch a new programme to advance the adoption of privacy-enhancing technologies. Privacy-enhancing technologies (PETs) are a type of cryptographic technique that allows the sharing and processing of data without exposing sensitive information. The accelerator will focus on applications of the technology in ... Read more ›
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Applied Computing, a startup that has developed a foundational AI model for the energy sector, has closed a £9m seed round led by Deliveroo investor Stride.VC. Founded in 2023, Applied Computing has developed Orbital, an AI management platform for firms in oil, gas and petrochemicals. Trained on data from downstream energy facilities, Orbital works to ... Read more ›
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Darren Hardman, chief executive of Microsoft UK and speaker at this year’s London Tech Week, discusses how Britain is faring in the global tech market and what the future hold’s for the country’s AI ambitions. How do the world’s largest tech companies view the UK as a market? The UK stands out as one of ... Read more ›
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Velocity, a new fintech startup from Volt.io co-founder Tom Greenwood has emerged from stealth with a $10m (£7.4m) pre-seed funding round. Velocity aims to bridge the gap for businesses between traditional and digital assets with a platform to manage transactions made with both fiat currency and stablecoins. The Velocity stablecoin payment account will allow businesses ... Read more ›
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Game-changing advertising competition, TV Stars 2025, created by All Response Media, has announced that Wype, a trailblazing bottom care brand, has secured the coveted prize of £50,000 a fully funded TV advertising campaign. In January, 60 of the UK’s most innovative startups entered the 2025 edition of TV Star, in a bid to win a ... Read more ›
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Science and technology have been heavily positioned as economic drivers in the government’s strategy of growth at all costs. In that spirit, top line politicians such as Chancellor Rachel Reeves and Science Minister Lord Vallance have been calling for the creation of “Europe’s Silicon Valley”, echoing the platitudes of Reeve’s predecessor Jeremy Hunt. As part ... Read more ›
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Amid ongoing public sector reform, Keir Starmer’s Labour government must turn AI dialogue into tangible progress. With a renewed focus on innovation and the launch of Matt Clifford’s AI Opportunities Action Plan, the stage is set for a meaningful digital transformation. One of the most promising developments is agentic AI, a new generation of systems that go ... Read more ›
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NavLive, a startup developing AI scanning devices for architects, property developers and construction firms, has secured £4m in funding. Developed by academics in robotics research at the University of Oxford, NavLive’s handheld device can scan buildings and generate precise site drawings. The company said property firms can instantly draw up 2D and 3D building models, ... Read more ›
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14.05.2026 08:06
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