A climate tech startup aiming to reduce pressures on the national grid and cut commercial electricity bills has secured $3m (£2.5m) in seed funding ahead of its launch in the UK this month. Elyos Energy has created a software platform that connects to smart energy devices in commercial buildings to automate schedules and use more ... Read more ›
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Cybersecurity company Darktrace has boosted revenues by 28% and offered positive full-year guidance after fending off fraud accusations from short-sellers. The London-listed cybersecurity company revealed its most recent revenue for the three months ending 30 September rose to £131.3m, more than a quarter higher than the same period last year. In a trading update in ... Read more ›
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After beginning 2023 with a bang – hat tip to Stripe’s $6.6bn round of funding – fintech has since seen a significant slowdown, with funding and deals falling to levels not seen since 2017. In spite of this, there are new fintech jobs advertised each week, especially in London. CB Insights’ State of Fintech Q2 ... Read more ›
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The Competition and Markets Authority (CMA) has approved Microsoft’s £56bn bid to acquire video game publisher Activision Blizzard, after six months after the deal was first blocked. The UK competition regulator gave its seal of approval to the largest-ever acquisition in the video game industry after Microsoft offered a restructured deal to ease the regulator’s ... Read more ›
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Sophie Flynn is the co-founder and CFO of Transact365, a global payments company supporting fintech, retail and digital entertainment businesses. Launched in 2017, Transact365’s services include bank accounts, open banking and card payments. The London-headquartered company has expanded to Asia with offices in Singapore and is regulated by the UK’s Financial Conduct Authority. Flynn, a ... Read more ›
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Charging infrastructure company Go Eve has obtained a US patent for its electric vehicle charging tech before expanding into the country next year. Shared first with UKTN, the US patent will protect Go Eve’s ‘DockChain’ method of splitting vehicle charging points into more than one. John Goodbody, co-founder and marketing director of Go Eve, said: “DockChain ... Read more ›
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A State of California bill will require all venture capital firms in California to publish diversity data on their investments every year. Is this the correct approach to improving diversity in fund allocation and should the UK consider a similar legal requirement to California’s? Signed off on the 8 October, Senate Bill 54 will be applicable ... Read more ›
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A lead analyst at the Bank of England has warned financial institutions of the danger of bias when implementing AI models. In a recent blog post, Kathleen Blake said that firms expect the use of AI and machine learning to more than triple over the next three years, thereby exacerbating the need to understand the ... Read more ›
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Northern Irish startup Cirdan, which develops digital tools for pathology clinics, has raised £2.3m in a round led by Kernel Capital. Based in Lisburn, Cirdan’s platform, which the company claims is used in over 150 laboratories and hospitals across 20 countries, offers a variety of digital support services for pathology. The Cirdan platform includes specimen ... Read more ›
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Danish quantum startup Kvantify has expanded into the UK with the appointment of four ex-Benevolent AI employees to its drug discovery division. As part of its move into the UK the quantum startup has partnered with the chemistry department at King’s College London to explore new quantum use cases and sponsor a PhD student. Hans ... Read more ›
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The government has unveiled the first 12 members of its chip design incubator ChipStart, as part of the National Semiconductor Strategy. Its £1.3m two-year ChipStart programme will be delivered by accelerator programme SiliconCatalyst.UK. There will be two consecutive cohorts, with the programme ending in March 2025. Each of the semiconductor startups joining the incubator will ... Read more ›
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Barclays Eagle Labs, the startup support scheme run by the multinational bank, is launching two new offices in London and Birmingham. Eagle Labs’ office in the capital will be in Chiswick Works, located in the west London district of Chiswick. It is Barclays Eagle Labs’ first physical location in London. The startup support group will ... Read more ›
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The UK’s technology secretary held an “urgent meeting” with social media companies demanding that they remove violent content of Hamas’ attack on Israel from their platforms. Michelle Donelan on Wednesday summoned representatives from Google, Meta, X, TikTok and Snapchat to ask the social media companies to confirm in writing what actions they taking to “stop ... Read more ›
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Myenergi, the Grimsby-based smart home energy startup backed by HSBC, has raised a further £30m in an investment from Energy Impact Partners. Founded in 2016, Myenergi fits homes with green energy equipment, including a solar-compatible charger for electric vehicles called Zappi, a smart home battery that stores surplus solar electricity called Libbi, and a solar ... Read more ›
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Untangled Finance, a London-headquartered lending platform, has secured $13.5m (£11m) in investment led by Fasanara Capital. Launched in 2020, the fintech startup takes real-world assets such as SME loans and then converts them into buyable debt notes. The notes can then be purchased with a centralised or decentralised currency. Untangled Finance plans to launch on ... Read more ›
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Labour tech ministers have criticised “tech bro” Rishi Sunak’s approach to regulating AI, claiming slow progress and mismanagement of priorities are letting down the sector. AI dominated discussions at tech-focused fringe events at the Labour Party Conference in Liverpool as the opposition gears up for next year’s likely general election. The prime minister has said ... Read more ›
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The European Space Agency has awarded Skyrora, Viasat, and CGI a €300,000 (£259,000) contract to demonstrate a telemetry relay system in space. The joint contract will see Edinburgh-based Skyrora testing telemetry systems with its Skylark L launch vehicle. The tests are aimed at mitigating the problem of losing connection with systems on Earth. Before the ... Read more ›
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The CEO of vehicle tracking technology company Quartix has stepped down after two years in the role. Richard Lilwall has stepped down as chief executive of the London-listed firm and resigned his board position, the company announced on Tuesday evening, Quartix founder and former CEO Andy Walters will become executive chairman with immediate effect. Walters ... Read more ›
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A partnership to connect tech innovation and drive investment in Manchester and Cambridge has received mayoral backing. The partnership, which is between Innovate Cambridge and ID Manchester, will create physical hubs in each city and connect entrepreneurs, researchers and investors. It will focus on boosting growth in key sectors including AI, advanced materials, health, biotech ... Read more ›
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London-headquartered music tech company Audoo has secured a $5m (£4.1m) investment from superstar musician Elton John and filmmaker David Furnish. Audoo has developed devices that are installed in public locations and listen to what music tracks are played to provide royalty compensation to artists. Once it has identified songs, Audoo refers the data to “partnered ... Read more ›
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Most popular sources
Tech Wire Asia
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32% 23 |
Business Insider
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23% 9 |
Android Authority
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6% 2 |
The Verge
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6% 1 |
Eurogamer.net
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4% 1 |
| View sources » | |
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30.11.2024 07:46
Last update: 07:30 EDT.
News rating updated: 14:42.
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