A newly-launched platform aimed at simplifying global digital health services has announced the first appointee onto its advisory board. Dominic James, the former global head of digital health innovation at US headquartered pharmaceutical multi-national Merck, is to take up the role with new healthtech platform, Daiser. Launched in 2024, Daiser is an AI-native, modular digital ... Read more ›
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The University of Exeter has been selected to host a new advanced research hub backed by £19.6m of public and private investment. MetaHub is a new facility for the development of advanced materials that will be used as parts for next-generation computers, medical sensors and other microscopically designed components. The site is focused on nanoscale ... Read more ›
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This week’s UK tech funding deals include subscription-based pet food brand Butternut Box, synthetic fuel developer Rivan and more. UKTN tracked £99.8m worth of UK tech investment this week (19 May to 23 May), a 57% week-on-week decrease across nine funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Butternut Box – ... Read more ›
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As more and more firms integrate artificial intelligence into their processes, there has been a growing temptation for companies to reduce headcounts in favour of automation. Fintech unicorn Klarna last year announced it would be eliminating over 1,000 roles, transferring responsibility of their duties to bots. Popular language learning platform Duolingo similarly declared much of ... Read more ›
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Sention Technologies, a startup developing ultrasonic scanning for battery diagnostics, has secured a seed investment of £3.7m. The London-based firm’s proprietary scanning technology effectively allows users to look inside batteries by generating 3D images of the internal structure of the cells. Sention then predicts cell health and forecasts degradation and critical issues and provides insights ... Read more ›
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Aron Gelbard is the founder of Bloom & Wild, an online flower delivery service based in London. In this week’s Founder in Five Q&A, Gelbard talks early regrets when he first started his business, being critical with how you spend your time and the motivating power of authenticity. What one thing do you wish you’d done ... Read more ›
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The British Business Bank has committed £40m to an investment fund targeting firms in the Midlands and the north of England. The Evolution Fund from Birmingham-based Frontier Development Capital is an £81.5m vehicle that will provide debt financing ranging from £1m to £8m to established SMEs with proven growth potential. The British Business Bank previously ... Read more ›
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Sharron Gunn has been named as the new chief executive of the British Computer Socitey, the UK’s chartered institute for IT. Gunn will take over from interim chief executive Rob Deri, having already worked with the group since February. She previously held leadership roles at the Institute of Chartered Accountants in England and Wales, where ... Read more ›
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Autonomous driving software group Oxa will rollout its technology via a partnership with electric vehicle manufacturer Bradshaw EV. The collaboration will see Google-backed Oxa’s autonomous software integrated with Bradshaw’s line of EVs that will be deployed across a variety of industrial use cases. The integration of Oxa’s software will initially be in two key platforms ... Read more ›
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The University of Salford is collaborating with Greater Manchester-based charity, Oldham Personal Advocacy Limited (OPAL), on a two-year knowledge transfer partnership aimed at driving digital transformation within the organisation. With the help of university researchers and Innovate UK, the vision of the partnership is to develop and embed a digital transformation management system to improve ... Read more ›
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London-based fintech group Quant has launched a programmable money language in what it claims is an industry-first for banking and finance. Called Quant Flow, the programmable currency infrastructure was developed in response to market demands for smarter money, particularly amid competition from digital assets including stablecoins and CBDCs. The new tool will allow banks to ... Read more ›
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Global private investment firm Bain Capital has launched a hyperscale provider, hscale, to expand its digital infrastructure footprint across the EMEA region. The new launch is looking to develop replicable and scalable digital infrastructure across the region that is bespoke to hyperscale customers’ evolving requirements. The leadership team of hscale includes chief executive Oliver Schiebel, ... Read more ›
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British SMEs could unlock as much as £78.1bn in economic value by adopting AI technologies, according to a report from Microsoft and WPI Strategy. Large firms globally have been leading the charge on AI integration, but SMEs, which make up the vast majority of companies in the UK, have had to take a more cautious ... Read more ›
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It’s widely understood that the global space economy, now valued at $546bn, stands at an inflection point both financially and politically. That momentum was on full display at our recent industry event featuring leaders from Type One Ventures, Axiom Space, and Space Forge – whose announcement of a record-breaking £22.6m Series A marked the largest ... Read more ›
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AI-powered legal tech company Definely has launched a proprietary agentic AI system to help lawyers scale high-quality legal work. The product, called Enhance, will be made available to Definely’s global customer base, which includes A&O Shearman, Deloitte and BT. With Enhance, each model — or agent — specialises in specific tasks, such as summarisation or ... Read more ›
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Regulators will be encouraged to approve new technologies faster with a £5.5m funding package to trial more efficient processes. The UK government’s Regulators’ Pioneer Fund will be offered to regulatory bodies as an incentive to speed up the pipeline for tech project approval. Policy makers have been pushing regulators to adopt a pro-growth approach in ... Read more ›
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Digital pension provider Penfold has secured a £3.9m investment round led by Gresham House Ventures. Founded in 2018, Penfold is a challenger platform offering workplace pensions through its proprietary platform. Among its corporate clients are fintech group Paddle and San Francisco-based AI giant Anthropic. Penfold said the new capital injection will be used to grow ... Read more ›
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ONEiO, a Helsinki-based integration service provider, has revealed new plans for expansion into the UK. The company, which works with businesses such as Bayer, Volkswagen and CGI to connect software systems and tools, has opened a cloud cluster complete with a dedicated regional team in London to serve the British market. The company said that ... Read more ›
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Startups from Cambridge had their second-best year on record for venture capital investment in 2024, pulling in $2.3bn (£1.7bn), according to new analysis. Research from data platform Dealroom in association with Founders at the University of Cambridge found that startups in the city raised almost double the investment from the year prior’s $1.2bn (£893m), despite ... Read more ›
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As Britain, Europe and the world-at-large face global threats, increased investment in defence tech has to move beyond the legacy institutional names and towards cutting-edge startups, according to the head of Future Planet Capital. Douglas Hansen-Luke is the founder and executive chairman of Future Planet Capital, a VC firm that, among other things, manages investment ... Read more ›
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14.05.2026 09:16
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