Mimo, an SME financial management and payments platform, has raised $8.5m (£6.6m) less than year after closing a £15.5m seed round. The new funding will support the development of Mimo’s business-to-business payments solution as well as expand its headcount. “We’ve been continually learning from these conversations to iterate and improve the platform to help both ... Read more ›
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The majority of the UK does not trust AI to provide healthcare support, research has found, underscoring the challenge facing the government as it pushes for the sector to adopt automated solutions. Less than a third (29%) of people in Britain would trust AI to provide basic healthcare advice, and just 15% would feel comfortable ... Read more ›
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The firm behind the world’s first quantum computing system-on-a-chip, is installing the UK’s first-of-its-kind cross-qubit scaling platform at the National Quantum Computing Centre (NQCC) in Oxfordshire, UKTN can reveal. SEEQC’s digital chip-based technology, powered by its Single Flux Quantum (SFQ) architecture, will power the core of the cross-qubit platform at NQCC’s Harwell Campus. SEEQC will ... Read more ›
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Cloud Gateway has secured a £1.5m investment as part of a strategic shift into the “network-as-a-service” (NaaS) market under new CEO Dan Kline. Kline has been appointed as chief executive to oversee Cloud Gateway’s expansion of its managed service provider (MSP) business into a full-service NaaS platform that will see its network infrastructure products be ... Read more ›
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The auditors for Curve have warned on the “material uncertainty” of its ability to continue operating over the next year as the firm battles to cut its losses. The London fintech has slashed its headcount by more than a third as well as suspending operations in the US in an effort to reduce cash burn. ... Read more ›
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The co-founder of ClearBank has stepped down as CEO after nine years at the helm of the London fintech. 63-year-old Charles McManus has stepped away from the day-to-day running of the organisation but will continue to support the business on the board as a non-executive director, the company said. He will also remain as co-chair ... Read more ›
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A new UK AI industry body backed by the University of Oxford and the British Standards Institution (BSI) has launched to support engineering and AI adoption. TechWorks-AI, which launched in the former HQ of Alan Turing’s codebreakers and site of the AI Safety Summit Bletchley Park, is an engineering hub that aims to support best ... Read more ›
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E-commerce business Boohoo is to rebrand to Debenhams Group after its transformation of the eponymous firm from a department store chain into an e-commerce business. The company said Debenhams’ turnaround plan, which saw it bought out of administration in 2021 with all its physical stores shut, would now serve as a “blueprint” for the rest ... Read more ›
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The projected $18.3 trillion in wealth to be transferred globally by 2030 is expected to be the largest intergenerational transfer of assets in history. However, this great wealth transfer brings with it a problem for families whose assets are tied up in their own businesses. There is a risk that the private market is not ... Read more ›
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This week’s podcast guest is Martin Woodward, who discusses how the benefits of open source culture still exist in a hyper-capitalist society, but tech has moved away from the idealism of early open source, what the future of software development might look like and way coders don’t necessarily have to be afraid that AI will ... Read more ›
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Recent contracts granted to the British space sector will deliver more than £1bn to the UK economy as figures released on Tuesday reveal a record quarter for the industry. Britain’s space sector had its most successful quarter on record at the end of 2024 for contracts secured from the European Space Agency. British companies received ... Read more ›
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Wayve, the UK’s most valuable autonomous vehicle company, has successfully tested its AI adaptive driving model in US streets in a major milestone towards a wider rollout of self-driving vehicles. The London-based group tested AV2.0, a foundational AI model it developed to allow autonomous vehicles to adapt to the driving behaviours of where it has ... Read more ›
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British Airways parent company International Airlines Group (IAG) will invest up to €200m (£168.1m) in tech startups through a new venture capital arm. IAGi Ventures will look to back tech innovations that can support the aviation industry, from sustainable fuels to airport operations support. “Adopting new technologies will improve our business and the value we ... Read more ›
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An Aquis-listed small-cap investor has warned 2024 was a “difficult year” in the public markets as it posted widening losses. Gledhow Investments, which builds up positions in fast-growing AIM, LSE and Aquis Exchange traded companies, complained of poor liquidity on the Aquis exchange as it reported a fall in the value of its portfolio. “UK ... Read more ›
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The UK’s tech department is switching to a “startup mindset” for funding AI projects for the public sector to cut down on “overly complex spending approval processes”. Throughout the government there has been strong ambitions to deploy artificial intelligence tools throughout its digital processes – part of its growth ambitions to boost efficiency and cut ... Read more ›
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Over 70 redundancies have been made as the sale of the collapsed UK entity of EV firm Arrival has fallen apart after administrators were unable to complete a last-minute sale of the business. In an administrator’s report from EY Parthenon, it was revealed that sales for two different parts of Arrival were in advanced negotiations ... Read more ›
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Deliveroo has become the latest food delivery tech firm to retreat from its international markets after the London-listed business said it would be shutting down its operations in Hong Kong. In a stock exchange update, Deliveroo said its Hong Kong platform would be live until 7 April, after which liquidators will manage closure of the ... Read more ›
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A remarkable chart caught my attention this week. I had to re-read the title to check I wasn’t hallucinating. The chart showed that since the start of this year, the FTSE 100 had outpaced the Nasdaq – and outperformed it bigly. While the US index has tumbled 6% since the start of the year, London’s ... Read more ›
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Have you heard of RELX? A lot of people haven’t. A cursory browse of Google Trends suggests there is less “search interest” for RELX than virtually any other major company in Britain. But RELX is fast becoming a business worth knowing about. The firm, which prides itself on its humble low profile, is on the ... Read more ›
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Irish technology consultancy Version 1 has pledged to invest £40m into the UK’s AI economy following a discussion with leaders of both countries. The investment will be made through an increased presence across the UK’s “technology hubs”, in a move that it claims will add 1,000 jobs to the economy. The majority of these new ... Read more ›
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14.05.2026 18:18
Last update: 18:11 EDT.
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