Nscale, a rapidly growing large-scale cloud provider specialising in AI data centres, has raised $2bn (£1.5bn) in a Series C funding round. Founded in 2023, Nscale has surged intensely, landing itself with a $14.6bn valuation less than three years after securing its first investment. The company has quickly become integral to the rapidly scaling global ... Read more ›
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Recently techUK and TheCityUK co-hosted a summit on a crucial issue – how UK-based tech firms can expand their access to capital markets. Economic Secretary to the Treasury Lucy Rigby emphasised the importance of tech firms choosing not just to start in the UK, but also to scale and stay in this country. The UK ... Read more ›
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Augur, a defence-focused AI startup has secured a $15m (£11.2m) investment round. The Augur platform was created in 2024 to meet the evolving threats of the modern geopolitical landscape, with its founders identifying that legacy camera and sensor systems protecting critical infrastructure now offer limited value. The platform integrates with existing cameras and sensors deployed ... Read more ›
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Isembard, a British manufacturing startup the builds components for aerospace, defence and robotics, has raised a $50m (£37.5m) Series A round. The manufacturing group’s hefty new funding round comes less than a year after it raised $9m (£6.7m) for its seed round. Isembard manufactures these advanced components in its own factories that run on its ... Read more ›
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This week’s UK tech funding deals include autonomous vehicle company Oxa, biomaterials group Shellworks and more. UKTN tracked £99.37m worth of UK tech investment this week (2 March to 6 March), a 91% week-on-week decrease across five funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Oxa – £77m Sector: AI/mobility HQ: Oxford Round: Series ... Read more ›
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The majority of cloud providers support regulatory intervention in the UK industry, according to research conducted by industry advocacy group the Open Cloud Coalition. The research comes as the Competition and Markets Authority (CMA) prepares to decide whether to designate Microsoft and AWS with strategic market status, which would allow for targeted pro-competition intervention. The ... Read more ›
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Daniel Callaghan is the co-founder and chief executive of Veremark, a company specialising in background screening for prospective employees. In this week’s Founder in Five Q&A, Callaghan discusses why you need to be prepared that your company might not take off immediately, why a great co-founder is essential and why the founding CEO is usually best-placed ... Read more ›
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Scottish tech founders have raised £257m in investment since joining Techscaler, an initiative launched in partnership with the Scottish government to grow the nation’s startup ecosystem. According to findings from the Scottish government, its founders have raised £139m more than the previous year, with the Techscaler programme considered a key factor. First launched in 2022, ... Read more ›
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A House of Lords committee has warned that the UK must not sacrifice its “powerhouse” creative sector by allowing “opaque” AI models to be trained unrestricted on human work. The Communications and Digital Committee within the Lords has been running an enquiring on AI, copyright and the creative industries since last year. In its latest ... Read more ›
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Revolut has named a US chief executive officer to run the firm’s operations across the Atlantic following its submission for a US banking licence. The London-headquartered fintech giant confirmed on Thursday that it has applied to the US Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation for a national bank charter ... Read more ›
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Cyber threats have become a daily reality for businesses in 2026, with a common reason suggested being surging geopolitical tensions driving rates of state-sponsored attacks. But while international threat actors in hostile states are legitimate concerns, recent research suggests a far greater risk faced by businesses comes from the inside. In its latest annual State ... Read more ›
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The UK government has committed to advancing the nascent industry of space-based pharmaceutical manufacturing with a package of measures for businesses in the field. There is a lot of excitement around the concept of in-orbit drug development. The unique conditions created by low-gravity environments, ones that cannot be replicated on Earth, can make powerful changes ... Read more ›
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When I was 17 and wrestling with A-levels, my school careers advisor had a suggestion. “You like science,” she said. “Have you considered nursing?” Nursing is an admirable career choice. But the presumption that a working-class girl from Reading who liked biology should aim for a caring profession rather than a research career has stayed ... Read more ›
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British Business Bank has committed £20m to the latest fund from Northern Irish private equity group Cordovan Capital Management. The deal from the UK development bank was made as part of its recently adopted growth equity strategy, which encourages it to invest in PE funds backing smaller, high-growth businesses. Founded in 2011, Belfast-based Cordovan specialises ... Read more ›
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The vast majority of UK business leaders believe their role has become significantly more complex in the past six years amid the rise of AI and rapidly changing risks and opportunities. As many as 73% of senior decision-makings within UK businesses feel that their roles have become more complex since 2020, according to a study ... Read more ›
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Mutable Tactics, a robotics company developing a new approach to managing the operation of military drones, has secured a $2.1m (£1.57m) pre-seed investment. While unmanned systems have become the norm for modern defence forces, Mutable Tactics claims the traditional operation of drones is bogged down by having a single operator controlling a single device at ... Read more ›
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British companies developing satellite communications technology are set to receive a share of £30m of government funding from the UK Space Agency. Announced on Wednesday by Space Minister Liz Lloyd, the move from the government agency comes as the UK looks to secure a lucrative share of the £40bn global satellite market. The new investment ... Read more ›
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At a time of intense geopolitical tension, any reliance on foreign imports exposes a country to some risk. But as the British government attempts to use advanced technology to lift the country out of its economic slump, its longstanding dependence on overseas suppliers for battery materials could become one of its most dangerous positions. Required ... Read more ›
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Shellworks, a biomaterials startup that has developed a sustainable plastic alternative, is preparing to expand into the US and Europe off the back of a $15m (£11.2m) Series A round. The company’s flagship creation is Vivomer, a material developed over six years made by using microbes to ferment second generation feedstocks like used cooking oil. ... Read more ›
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VC funding into British businesses is increasingly concentrating into larger bets on fewer firms, with the AI sector being a top beneficiary. According to new research from NatWest, UK startups raised £17.5bn across more than 2,000 deals last year, with a clear trend forming favouring larger rounds. In the bank’s latest Future of UK Innovation report ... Read more ›
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22.04.2026 06:53
Last update: 06:45 EDT.
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