This week’s UK tech funding deals include record-breaking quantum computing group Oxford Quantum Circuits, Newcastle spinout Gnosis Health and more. UKTN tracked £480.1m worth of UK tech investment this week (1 June to 5 June), a 367% week-on-week increase across 12 funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Oxford Quantum ... Read more ›
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Luminance, an AI legal tech startup based in London and Cambridge, is continuing with its international expansion with the opening of an office in Sydney, Australia. Having raised $75m (£55.5m) in a Series C round in February, Luminace has been rapidly growing its global footprint. In the past year it has opened offices in San ... Read more ›
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Noah, a startup building infrastructure for stablecoin payments, has announced a $22m (£16.3m) seed funding round led by LocalGlobe. The London-based company is betting big on the future of stablecoins – digital cryptoassets tied to fiat currencies like the US dollar or British pound. Noah said the technology combines the reliability of traditional assets with ... Read more ›
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Harnessing AI for a safer digital world was a lead panel at day two of London Tech Week 2025. Leaders in the AI space spoke about how businesses can prepare themselves against cyber threats and how AI can be utilised effectively in helping to do so; whilst being aware of its risks. “The encouraging position ... Read more ›
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SoftBank-backed self-driving software group Wayve will trial fully autonomous vehicles for the first time in public roads in London, through a partnership with Uber. Wayve’s embodies AI platform will be combined with Uber’s mobility network in a significant step towards a full-scale European launch of autonomous vehicles. “This is a defining moment for UK autonomy. ... Read more ›
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Scottish climate tech group Impact Recycling has secured £3.3m in new funding supporting its polymer recycling technology. Founded in 2014, the company has developed a proprietary system for recovering high-purity recycled polymers from consumer waste. Impact Recycling’s water-based density separation technology, called Baffled Oscillation Separation System, or BOSS, separates mixed plastic waste into rigid and ... Read more ›
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To a packed audience at London Tech Week’s main stage, Secretary of State for Science, Innovation and Technology Peter Kyle outlined how the government intends to shape the digital landscape. His message was one of optimism, but also one that outlined the need for risk-taking to achieve results. He addressed the crowd with his ambitions ... Read more ›
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This time in 2024, the UK’s quantum computing sector was riding a wave of optimism, buoyed by record levels of investment and the commitments laid out in the government’s 10-year, £2.5bn National Quantum Strategy. But in 2025, no public calls for quantum computing projects have been issued all year, and Sir Patrick Vallance recently confirmed ... Read more ›
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British quantum computing group Oxford Ionics has agreed to be acquired by American giant IonQ in a deal worth over $1bn. The transaction will combine the technologies of the companies, both of which are considered leaders in trapped ion quantum computing. IonQ, which develops high performance systems based on trapped ion technology, said it was ... Read more ›
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On the opening day of London Tech Week 2025, Prime Minister Keir Starmer introduced keynote speaker and NVIDIA chief executive Jensen Huang with an announcement that the $3.5tn firm would be partnering with the UK. Speaking alongside Starmer and former Darktrace boss turned Investment Minister Poppy Gustafsson, Huang lauded the achievements of the British AI ... Read more ›
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Teal, a fintech startup building a payroll data platform for the credit industry, has raised £1.4m in a pre-seed funding round. The London-based group was founded to address the problems with traditional processes for credit checks for lending. Teal has developed tools to offer firms real-time income and employment data, rather than requiring the use ... Read more ›
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This week’s podcast guest is Tanya Suarez, chief executive of IoT Tribe and head of the JANUS consortium, who discusses why UK defence underinvestment has left the country vulnerable, the rising danger from international actors and the surprisingly thriving startup ecosystem in the defence tech sector. IoT Tribe is an accelerator group that was appointed ... Read more ›
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AI-powered legal tech company, Definely, has raised $30m (£22m) in Series B funding to accelerate its global expansion and AI product roadmap. The round includes investors from Europe and North America, and it is led by growth investor Revaia, alongside Alumni Ventures, Beacon Capital, and legal tech giant, Clio. Early investors, including Octopus Ventures, Zrosk ... Read more ›
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Global AI-driven private credit firm Liquidity has launched its European headquarters in London. Situated in Soho, the location will serve as the operational hub for a team of 14 investment professionals. “We are thrilled to establish a strategic base in London, a key market brimming with financial leadership and technological innovation that also positions us ... Read more ›
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The UK tech industry has a combined market value of $1.2trn in the first half of 2025, according to new research. UK tech startups have raised more than $7bn in venture capital investments in the first half of the year, which included the biggest first quarter fundraise of the past three years, according to the ... Read more ›
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Today marks the launch of the government’s TechFirst programme, a £187m initiative to bring digital skills and AI learning into classrooms and communities to train people of all ages and backgrounds for future tech careers. It comes as research commissioned by the Department for Science, Innovation and Technology (DSIT) shows that by 2035, around 10 ... Read more ›
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Bolt chief executive Markus Villig talked down the possibility of his company choosing London for its upcoming IPO with the suggestion that tech firms struggle to find long-term value in European public markets. Speaking at London Tech Week, Villig was asked if London was being considered for the hotly anticipated public float of the Estonian ... Read more ›
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A report by The Blair Institute (TBI) has revealed that fewer than 1% of UK firms are reaching the scale-up stage, prompting calls for ‘end-to-end’ reform. The From Start-up to Scale-Up: Turning UK Innovation into Prosperity and Power report outlines that Britain has was it takes to lead tech industries of the future, but must act ... Read more ›
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Chancellor Rachel Reeves is set to unveil an £86bn funding package in the upcoming Spending Review to “turbo-charge” the UK’s fastest growing sectors, as part of the government’s modern industrial strategy. The package, worth more than £22.5bn a year, will commence in 2029/2030 and aims to drive new jobs and economic growth as well as ... Read more ›
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EthicAI, a University of Cambridge spinout operating in ethical and responsible assurance of AI, has launched a cloud-based AI assurance SaaS platform. The launch of BeehAIve aims to solve the problems traditionally created by AI models such as fairness and bias, transparency and impact on employees. BeehAIve scrutinises models and datasets against 15 ethical dimensions, ... Read more ›
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The post LIVE: London Tech Week opening remarks appeared first on UKTN. Read more ›
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14.06.2026 17:35
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