A cybersecurity startup founded by former Google engineer Joe Tallett that claims to be able to stop scams before they happen, has emerged from stealth with a £350,000 investment. AVIEL Intelligence, which also includes executive alums from what3words, provides banks and payment firms with an intelligence engine that it claims can identify scam networks and ... Read more ›
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A new semiconductor facility has opened in Southampton, becoming the first electron beam lithography site in Europe. Electron beam lithography is an advanced process for carving complex patterns into incredibly small microchips with a high level of accuracy. Opened on Wednesday at the University of Southampton, the new facility is just the second in the world, ... Read more ›
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Chancellor Rachel Reeves has revealed plans to regulate the cryptoasset industry in hopes of cracking down on bad actors while giving clarity to crypto firms. Announced at the Innovate Finance Global Summit on Tuesday, Reeves announced draft legislation to regulate the cryptoasset sector amid calls for transparency from the industry. “Through our Plan for Change, ... Read more ›
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Sprive, a fintech app that promises to reduce the costs of users’ mortgages, has secured a £5.5m investment. The vast majority of UK household debt is tied up in mortgages, with interest on repayments and the growing use of 35-years and beyond plans making it difficult for many to keep up. Sprive claims to be ... Read more ›
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Innovate Finance has published a blueprint to make the UK the leading international market for stablecoin. The report, entitled Stablecoin: The UK Opportunity, outlines how the UK can become the most attractive jurisdiction in the world for issuing and using stablecoins while maintaining high standards of financial stability, transparency and consumer protection. Stablecoins are digital tokens ... Read more ›
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The launch of a misinformation advisory committee by Ofcom as part of the Online Safety Act has been condemned by fact checkers as watered down. The Online Information Advisory was officially launched on Monday as a committee to advise the media watchdog on its work relevant to misinformation as it prepares to use new legislation ... Read more ›
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This week’s podcast guest is David Keene, CEO of Aurrigo, who discusses how autonomous driving will progress in the UK, how a chance encounter pivoted his company’s entire market and the journey of turning grant funding into an initial public offering.  Aurrigo is an autonomous driving company that specialises in vehicles for the aviation industry, ... Read more ›
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The UK and Japan have agreed to increase tech industry and research ties in the quantum sector as Britain looks to secure its place at the top of the nascent industry. Science Minister Lord Vallance met with his Japanese counterpart Kiuchi Minoru on Monday to unveil a memorandum of cooperation between the two nations that ... Read more ›
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This week’s UK tech funding deals include wireless data transfer group CSignum, fertility research team Ovo Labs, alcoholic fintech platform WineFi and more. UKTN tracked £29.1m worth of UK tech investment this week (21 April to 25 April), a 76% week-on-week decrease across seven funding rounds in a week shortened by bank holidays. Here’s your ... Read more ›
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Employee engagement startup WorkBuzz has secured a new £4m funding round led by previous backer YFM Equity Partners. Founded in 2018, WorkBuzz – which provides companies with employee engagement material and staff sentiment analysis – took off in the pandemic, as the work from home requirement forced businesses to ramp up their remote worker systems. ... Read more ›
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A new $100m (£75.1m) fund targeting fintech and SaaS businesses beyond the Series A stage has launched from London-based VC group Volution. The Zopa Bank and Signal AI backer said it is looking to tackle the funding gap faced by UK tech companies progressing beyond early-stages of growth. The UK tech funding scene is heavily ... Read more ›
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A landmark legal case being brought against Microsoft and Google by Barings Law has now amassed more than 20,000 potential claimants. The Manchester-based law firm began signing up clients in November last year following a two-year investigation into the alleged misuse of consumers’ personal data to train AI systems. Google and Microsoft are accused of ... Read more ›
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Revolut has reported a record pre-tax profit of $1.4bn (£1.1bn) in 2024, marking its fourth consecutive year of profitability. In its annual report for the year ending 31 December last year, the British neobank revealed significant growth across all business segments, with its pre-tax profit up 149% year-on-year and customer base growing by 38% to ... Read more ›
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Scalefusion is expanding into the UK and Ireland to meet the growing demand for enterprise mobility and security solutions across Europe. The India-headquartered firm was founded in 2015 is a provider of unified endpoint management (UEM) solutions, and has created a platform for IT teams to provision, monitor and secure devices from a single, centralised ... Read more ›
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The European Commission has unveiled a €6 million investment to the SPRINTER project which is developing optical and wireless technology to revolutionise industrial networks’ communications systems. Using light instead of electricity, this new industrial internet offers wired and wireless connections between machines, rooms and buildings. The SPRINTER initiative is redesigning what it calls the ‘nervous ... Read more ›
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Ed Barrow is the CEO and co-founder at Cloud Capital, a platform that aims to turn cloud cost chaos into clarity for financial leaders. The first of its kind, Cloud Capital is a fintech platform purpose-built for cloud infrastructure, designed to help CFOs forecast, manage, and de-risk cloud spend. The AI-powered platform provides end-to-end visibility, ... Read more ›
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Ofcom has finalised child safety measures for sites and apps which will be introduced from July this year. The regulatory body for communication services has set more than 40 practical measures for tech firms to meet their duties under the Online Safety Act. These will apply to sites and apps used by children in the ... Read more ›
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New start-up Cloud Capital unveiled it has raised $7.7m (£5.8m) in a latest funding round. The funding was backed from a series of venture capitalists, including Connect Ventures, Backed Ventures and Middlegame Ventures. Cloud Capital plans to use the capital to redefine how finance teams manage cloud spend by building the first fintech platform for ... Read more ›
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The European Commission has fined Apple and Meta a collective €700m (£599m) for breaching various clauses of the Digital Markets Act (DMA). The Commission found that Apple breached its anti-steering obligation and that Meta breached its DMA obligations give consumers the choice of a service that uses less of their personal data. Apple was fined ... Read more ›
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Ericsson has announced a €200m (£171m) investment over the next three years in a research, development, and innovation (RD&I) project at the company’s Athlone facility in central Ireland. The investment aims to deliver next-generation open network management and automation capabilities with AI, machine learning, and advanced analytics. Such capabilities will help communication service providers, known ... Read more ›
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14.05.2026 12:39
Last update: 12:31 EDT.
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