Popular US fitness app Strava has snapped up Runna, a London-based coaching startup backed by Olympic athletes. Strava entered into a definitive agreement to acquire Runna on Thursday with the goal of creating the world’s biggest fitness app – figures from Statista rank Strava second in the world by revenue, behind MyFitnessPal. Founded in 2020 ... Read more ›
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Disabled Britons have warned the incorporation of AI into healthcare could result in efficiency being prioritised over quality human support. According to a survey of 2,000 UK adults from health tech consultancy nuom, around two-thirds of respondents with physical or mental disabilities expressed concern over the increased automation of care. Among their other concerns was ... Read more ›
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Checkout.com has struck a deal to provide payments services to ecommerce giant eBay as the London fintech eyes profitability this year. The strategic partnership will see Checkout.com provide payment infrastructure services across 190 markets. “eBay is an iconic global commerce leader which continues to push the boundaries of digital commerce,” said Checkout.com CEO Guillaume Pousaz. ... Read more ›
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Cambridge-based fast-charging battery firm Nyobolt has secured $30m (£22.6m) in fresh funding months after warning new investment would be needed to keep operating. Though the company warned in January that it was at risk of running out of funds in early 2025 in its most recent financial accounts, Nyobolt said it saw significant opportunity in ... Read more ›
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Aviva Investors has added €11.4m (£9.8m) to Revolut backer Lakestar’s latest venture capital fund. The London-based investment arm of the insurance giant has backed the Lakestar Growth Fund II, which will target deep tech, healthcare, fintech and digitalisation firms at the growth stage. The new fund has already begun deploying capital, with recent investments including ... Read more ›
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Inephany, an “AI optimisation” startup founded by former Apple Siri engineer John Torr, has raised $2.2m (£1.7m) with the promise of lowering the costs of LLM training. As AI developers look to make grander and more powerful tools, R&D costs will likely act as a major barrier. OpenAI’s GPT-4 cost something in the range of ... Read more ›
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The Spring Statement signalled a much needed and meaningful shift in the government’s approach to strengthening the UK’s independent defence and security capabilities. In response to growing geopolitical headwinds, the Chancellor increased the MoD’s budget and committed to speeding up procurement timelines, particularly for novel technologies and for greater investment in dual-use technologies – those ... Read more ›
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Embedded agent platform Mindset AI has raised £4.3m to fuel an expansion into the US. Founded in 2019, the company works with software businesses to integrate AI agents into operations and product lines. Currently worth an estimated $5.1bn, analysts have projected the AI agent market to be as valuable as $47.1bn globally by 2030 as ... Read more ›
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Annual recurring revenue (ARR) at London-based AI unicorn Synthesia has surpassed $100m, an almost 300% rise from its 2023 turnover. Launched in 2017, the company’s platform generates realistic, human-like AI avatars that can read out script for corporate training videos and comms. Users can select an existing avatar to read out their scripts, or for ... Read more ›
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Insurtech group Marshmallow has raised $90m (£68m) in a combined debt and equity raise at a valuation of $2bn. Three years after Marshmallow, which provides vehicle insurance services to migrants to the UK, secured unicorn status off the back of an $83m Series B, the company has now almost doubled its valuation. Having surpassed one ... Read more ›
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You always think, “It will never happen to me”. But the truth is, in today’s fast-paced world when we’re surrounded by information, it’s easier than ever to fall for a scam. Fraud is an enormous problem: one which costs the British economy £2.6 billion a year, undermining public trust in our financial services and causes ... Read more ›
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This week’s podcast guest is Jonathan Berry, Viscount Camrose and former Conservative AI minister, who discusses how artificial intelligence policy has changed with the Labour government, why the work it must do is difficult but necessary and why clarity on AI regulation is vital for businesses. Berry is a hereditary peer in the House of ... Read more ›
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Wonder, a self-described “AI-native creative studio”, has secured a $3m (£2.3m) pre-seed funding round to disrupt filmmaking. Backed by executives from the AI industry, including ElevenLabs co-founder Mati Staniszewski and OpenAI’s head of startups Laura Modiano, Wonder claims it can use AI to create Hollywood level visual storytelling. The generative AI startup said it can ... Read more ›
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Health tech was the UK’s strongest sector for investment in the first quarter of 2025, with startups in the field pulling in $1.8bn, according to new research. Health tech and life sciences startups saw their second strongest quarter for VC investment on record in the first three months of the tear, analysis from HSBC Innovation ... Read more ›
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The UK government is making £121m of investment in quantum technologies available over the next year to support public services and enhance cybersecurity. Announced on World Quantum day – 14th April – the investment is part of the £1bn public-private partnership-backed National Quantum Technologies Programme, a collaborative scheme from government, industry and academia to establish ... Read more ›
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There has been debate brewing these past few months over who should be held responsible for reimbursing the victims of fraud. For a while, the conversation was largely between the UK’s largest fintech – Revolut – and the world’s largest social media company – Meta. Revolut has published some strong words on what they see ... Read more ›
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This week’s UK tech funding deals include AI infrastructure developer NexGen Cloud, fleet management software group Podfather and more. UKTN tracked £54.55m worth of UK tech investment this week (7 April to 11 April), a 93% week-on-week decrease across nine funding rounds. Here’s your weekly roundup of UK tech startup funding deals. NexGen Cloud – ... Read more ›
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Steve Rhodes is the co-founder of ElasticStage, a music tech startup that has developed a platform for making and distributing high-quality vinyl records on-demand. In this week’s Founder in Five Q&A, Rhodes discusses embracing naivety, playing to one’s own strengths and another life as a signed recording artist. What advice would you give to a first-time ... Read more ›
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Northern Irish zero emissions bus manufacturer Wrightbus is investing £25m to develop clean transport technology across the UK. The company said the research and development project would bring skilled jobs and vital transport infrastructure to Northern Ireland and the wider UK. The investment includes £10m to develop efficient electric buses, £5m to develop hydrogen-powered coaches, ... Read more ›
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Barclays went down from January 31st to February 2nd because of a problem in a ‘critical module of our UK mainframe’, locking people out of their accounts on the day of deadline for self-assessment tax returns. TSB, Nationwide, First Direct and Lloyds all experience significant problems, with customers were unable to access their accounts on ... Read more ›
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14.05.2026 13:41
Last update: 13:35 EDT.
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