British companies have lost as much as £64bn to cyber-attacks in the past three years, fresh analysis has revealed. In recent weeks prominent attacks against the IT systems of major retailers M&S, Co-op and Harrods have highlighted how dangerous hackers can be, but they are by no means isolated incidents. In the last three years, ... Read more ›
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SoftBank and Tencent-backed medical robotics company CMR Surgical has secured a $200m (£154.5m) funding round to fuel growth in the US market. The Cambridge-based group said its latest fundraise will support the global commercialisation of its Versius surgical robotic system, with plans to launch it in the US, with a medtech market size of over ... Read more ›
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Oxford Quantum Circuits has appointed engineering veteran Jack Boyer as its new chair as the firm continues its global expansion and technological advancement. Boyer, 65, brings a wealth of experience in scaling deep-tech and engineering companies, currently serving as Chair of Royce Hydrogen Accelerator, Bristol University and Non-Executive Director at Bela Holdings AG. He will ... Read more ›
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British Business Bank has committed €20m (£16.7m) to the second fund from European tech investor Revaia. Revaia Growth II will target high-growth tech scaleups across Europe and the UK with a focus on sustainable innovation. The firm invests in sectors including energy, AI and cybersecurity. As part of the investor’s commitment to sustainable ventures, Revaia ... Read more ›
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Inventory issues drove down pre-tax profit by more than half in the first full-year of results for computer maker Raspberry Pi since its IPO last June. The FTSE 250 firm reported profit before tax of $16.3m for the year ended December 2024, 57% down from 2023. In part this was down to shortages of single ... Read more ›
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Last month saw the long-awaited Online Safety Act come into force in the UK. This much-discussed piece of legislation is intended to create a safer online environment for internet users. In an age where almost everybody has a smartphone, where a significant proportion of business and leisure alike are conducted online and where vulnerable people ... Read more ›
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London fintech KAF Technology could be in court later this month after being sent a winding-up petition by payments firm Thredd. The Southgate-based business, which has 17 staff according to LinkedIn data, was sent the petition on 27 March. A court hearing at the Business & Property Courts on Fetter Lane, London, is scheduled for ... Read more ›
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Chip designer Arm recently sought to acquire London-listed semiconductor IP supplier Alphawave, according to reports. Cambridge-based Arm, part-owned by Japanese conglomerate SoftBank, entered initial discussions with Alphawave in efforts to secure technology required to build AI processors, first reported by Reuters. Arm has not decided to progress with an acquisition according to sources close to ... Read more ›
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Zepz has secured a new $165m debt finance package as the firm’s audited accounts head towards being eight months overdue. The global payments group behind WorldRemit and Sendwave (International Remittance), has secured a $110m revolving credit facility led by HSBC Innovation Banking UK. This forms part of a larger $165m growth financing package announced by ... Read more ›
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Pinewood Technologies has upgraded its guidance after reporting revenue growth in its first year as a pure-play software group. Formerly Pendragon, the London-listed automotive retail software provider upped its guidance for underlying EBITDA for 2027 in its latest accounts from £30m to “mid to high £30 millions”, having previously raised expectations from £27m in its ... Read more ›
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JP Jenkins said it has seen an ‘incredible month’ as tech firms rushed to join the private securities marketplace. The London-based business, the UK’s largest venue for trading unlisted equities, said it had seen a record 10 firms join its marketplace in March, taking the total to 49. The firms are worth a combined £1.84bn. ... Read more ›
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IT service providers and data centres will be forced to bolster their cybersecurity systems under new government plans to shore up digital infrastructure against rising threats. The Cyber Security Resilience Bill will require businesses providing digital services to government departments and the wider economy to meet stricter security measures amid widespread cyber-attacks. Figures from the ... Read more ›
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Every year, 10,000 aspiring entrepreneurs apply to the Antler founder residency in London. Each application is reviewed, screened and interviewed by the team. As a Partner, I then conduct a final interview to make the ultimate decision about whether they will join the next residency. We are ramping up to start our next residency in ... Read more ›
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This week’s podcast guest is Chris Anderson, head of TED, discusses why the collapse of the ideals of the tech industry over the last 15 years, embodied by the behaviour Elon Musk, represents a crushing disappointment. Anderson took over TED – which hosts viral talks at its conferences – from its founder Richard Saul Wurman in ... Read more ›
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Shares in Cirata made a slight recovery today after the cloud analytics firm said it had ‘moved from rescue to recovery’. The Sheffield-based business posted a rise in revenues, a narrowing of losses and a forecast of further growth for the year ahead. The stock rose as much as 9%, but remains down 70% over ... Read more ›
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Isomorphic Labs, a spinout of Google DeepMind developing AI drug discovery technology, has raised $600m (£464.6m) in its first external funding round since its formation in 2021. The company is the latest venture from Sir Demis Hassabis, the Nobel Prize-winning co-founder and CEO of DeepMind and UK government AI advisor. Hassabis launched Isomorphic from within ... Read more ›
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Featurespace CEO Martina King will exit the fraud prevention firm following its acquisition by Visa. King, who ran the Cambridge-based company for over a decade since 2012, will step down as it begins operations as a Visa product. Jason Blackhurst, a senior vice president for innovation and strategic partnerships at Visa will be tasked with ... Read more ›
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A Labour MP has launched a ‘Y Combinator for Wales’ in a bid to support budding tech talent in the country. MP for the Vale of Glamorgan, Kanishka Narayan, has unveiled the Vale Startup Accelerator – a first-of-its-kind programme to support early-stage businesses and unlock the region’s entrepreneurial potential. Backed by local and national partners, ... Read more ›
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Hampshire-based low carbon heating tech startup Caldera has secured a £10m investment from major German industrial group GEA. GEA, which is mostly active in the food and beverages sector, plans to use the company’s green heating solutions for its customers. Caldera has developed a boiler that stores renewable electricity sourced from on-site solar panels and ... Read more ›
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Much of the immediate reaction to the Spring Statement has focused on cuts to public spending, and rightly so. In truth, however, I have some sympathy for the position the government is in. When Labour came to power last summer, it was no secret where their priorities lay – growth. And yet, with a chaotic ... Read more ›
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Revolut has warned that Brits are the most vulnerable to WhatsApp scams in Europe, as the neobank intensifies its demands liability to repay fraud to be handed to social media platforms. New research from the fintech has claimed that UK WhatsApp users lost on average £2,437 to scams last year, the most in the continent. ... Read more ›
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Most popular sources
Business Insider
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53% 21 |
Gizmodo
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9% 5 |
The Verge
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6% 3 |
Wired
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5% 4 |
Vox
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4% 1 |
| View sources » | |
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15.05.2025 00:33
Last update: 00:26 EDT.
News rating updated: 07:21.
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