Canadian automaker ElectraMeccanica has pulled the plug on its merger with UK-based electric and hydrogen truck firm Tevva. Tevva in a statement published on Monday said ElectraMeccanica cited the reason for cancelling the deal as “incurable breaches”. Last month, ElectraMeccanica said it torpedoed the deal following “failures by Tevva” to share “material information”. In a ... Read more ›
30
A government-backed telecommunications lab will open in the West Midlands next year to test the security, resilience and performance of mobile networks. The UK Telecoms Lab (UKTL) will be based at UK Central in the Metropolitan Borough of Solihull, a large market town located south-east of Birmingham. The research facility is set to create up ... Read more ›
5
London-based fintech ClearScore has appointed Brian Cole as the company’s CFO. Cole will join ClearScore, known for its credit score and spending analysis services, as group CFO effective immediately. Cole previously served as the CFO of US bank Capital One and has held executive positions at Barclays and Visa. “[Cole] has a strong track record ... Read more ›
2
An insurtech company used by Deliveroo to provide coverage for bikes and e-bikes has secured £3.4m in funding. Bikmo, a Chester-based company, said it would use the fresh capital for European expansion. Bikmo currently insurers over 75,000 riders in the UK, Ireland, Germany and Austria. Founded in 2014, Bikmo works with commercial brands such as ... Read more ›
4
Slinger, a staffing platform for the hospitality industry, has raised £500,000 in a round led by Fuel Ventures. Founded in 2021, Slinger has built a platform for hospitality workers to find flexible shifts and compare the best prices. Slinger matches workers with cafés, pubs and other venues for speedy recruitment. The hospitality sector has faced ... Read more ›
1
Oxford Nanopore Technologies has received a £70m investment from French diagnostics firm BioMérieux. The biotech, based in Marcy-l’Étoile near Lyon, has taken a 3.5% stake in the London-listed DNA sequencing company. Shares in Oxford Nanopore, which sells portable DNA and RNA sequencers, rose 14.3% last night following the equity investment. Oxford Nanopore listed in London ... Read more ›
14
Melissa Snover is the founder and CEO of Rem3dy Health, which creates bespoke nutrient gummies and personalised medicine under the brands Nourished and Scripted. Birmingham-based Nourished has been backed by more than £15m in funding and sells its tailor-made gummies via online subscription. Customers complete an online questionnaire about their lifestyle and goals, and then ... Read more ›
4
Globacap, a startup looking to “digitise and automate” the world’s private capital markets, has raised $21m (£17.3m) in a Series B funding round. Founded in 2017, Globacap develops software for financial institutions, including securities exchanges, banks and asset managers. Its tools automate admin and digitisation in private markets for processes such as issuance and the ... Read more ›
0
Five companies have announced plans to create a combined 1,000 tech jobs across the West Midlands over the next three years in a boost for the region’s technology sector. The new jobs were announced during an event hosted by the West Midlands Growth Company during Birmingham Tech Week. Digital transformation partner Version 1 said it ... Read more ›
10
A startup looking to modernise the veterinary industry with 24/7 virtual care app has raised £7m in seed capital. London-based Creature Comforts is gearing up for its launch next year with the development of its proprietary digital care app, which will operate alongside its two upcoming physical veterinary clinics. The company claims that with the ... Read more ›
0
Barclays Eagle Labs will deploy £1.75m in a fund-matching scheme for seven startup accelerator projects across the UK. Using funds from the Digital Growth Grant, which was awarded to Barclays Eagle Labs in January over its previous recipient Tech Nation, the bank-owned startup support network will match investments of £250,000 from the accelerator schemes. The ... Read more ›
1
Fast-growing startups can quickly outgrow the informal project management processes that naturally develop among a small group of early employees. Relying on a single person to update a project team on crucial information – like deadline changes – may work with a team of five people all sitting in the same office, but is neither ... Read more ›
3
Navigation apps and user reviews of businesses help consumers make informed choices. Despite the benefits these technologies can provide, it is inadequate for millions of disabled Britons. According to recent data from the Department for Work and Pensions, the UK is home to around 16 million disabled people, representing almost a quarter of the total ... Read more ›
1
Entrepreneurs have picked Labour as the party for business as election season looms, according to a recent survey. Conducted by The Entrepreneurs Network, the survey of 500 firms in the UK found that 43% of founders agreed that Labour understands what businesses need to succeed, compared with 26% who said they did not, leaving the ... Read more ›
6
The legal tech sector in Leeds contributes £374m to the region’s local economy, according to a new report. The legal sector in Leeds has grown by 19% since 2020, while the local tech sector has skyrocketed 110% to £15bn, according to the report by Whitecap Consulting. The report also found that the legal and tech ... Read more ›
0
Just Eat Takeaway has upgraded its earnings forecast and expects to achieve cash flow break-even in the second half of 2023. The London-listed takeaway platform upgraded adjusted earnings guidance to approximately €310m (£269m), up from a previous forecast of €275m (£238m). Just Eats’ third-quarter results were boosted by a 5% rise in UK and Ireland ... Read more ›
10
Manchester-based cybersecurity startup Netacea has raised £4.5m from Mercia Asset Management as a new CEO takes the reins. Founded in 2022 as a spinout from IT consultancy firm Intechnica Holdings, Netacea is a machine learning-based bot detection startup. The platform can be deployed on websites, apps and APIs to detect user behaviour to identify automated ... Read more ›
7
The government must avoid weakening the strength of competition regulators in their capacity to manage Big Tech, according to a Conservative peer. Baroness Stowell, Tory peer and chair of the House of Lords Communications and Digital Committee, has written to the prime minister emphasising the importance of robust competition regulation as the Digital Markets Bill ... Read more ›
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With just two weeks to go until the UK hosts the first international summit on AI safety, the Conservative’s AI boss spoke to UKTN about the focus of the event, criticisms of it, and the symbolic importance of its venue. Jonathan Berry, the Viscount Camrose and a hereditary peer, was appointed by the prime minister ... Read more ›
2
An AI startup that has created image recognition tools for businesses has secured £2.2m in funding. London-based Captur has built a platform that lets businesses use a smartphone camera for bespoke image recognition applications in sectors including logistics, transportation and automotive. One such example is a delivery driver using a smartphone camera to verify that ... Read more ›
2
Most popular sources
Tech Wire Asia
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29% 20 |
Business Insider
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24% 10 |
Eurogamer.net
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6% 4 |
Android Authority
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5% 1 |
The Verge
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5% 1 |
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30.11.2024 05:33
Last update: 05:26 EDT.
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