This weekās UK tech funding deals include AI data intelligence platform Quantexa, biomaterials developer Epoch Biodesign and more. UKTN tracked Ā£200.3m worth of UK tech investment this week (3 March to 7 March), a 110% week-on-week increase across seven funding rounds. Hereās your weekly roundup of UK tech startup funding deals. Quantexa ā Ā£135.5m Sector:Ā AI ... Read more āŗ
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The UK has everything it needs to lead the world in quantum computing. First-class scientific talent, a solid funding pipeline, groundbreaking companies and even a government industrial strategy, all thatās missing, according to Riverlane CEO Steve Brierly, is a sense of urgency.Ā Speaking to UKTN, Brierley ā whose quantum company has raised $125m ā celebrated ... Read more āŗ
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The emergence of DeepSeek has only served to āreinforceā the investment thesis of SuperSeed Capital, the AI investor said this week, despite the industry disruption brought about by the chatbotās launch. In January, DeepSeekās latest release demonstrated that top-tier AI performance could be achieved at just 5% of traditional inference costs, triggering a $1 trillion ... Read more āŗ
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A Lancashire hotel has become the first in the UK to adopt an AI concierge in what could be a radical shift in hospitality. Ā Guests at the Park Hall Resort and Spa in Preston will be able to call on the hotelās artificial assistant, designed by London-based startup Inntelo AI.Ā Accessed via a phone ... Read more āŗ
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If youāve been on LinkedIn recently youāll have seen them. Posts from British tech founders citing their intention to move to the US. A land of bigger, bolder ambition which, they believe, provides more fertile ground for tech companies looking to scale. But in recent weeks, the tide seems to be turning. And the USā ... Read more āŗ
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Lyall Cresswell is the founder and CEO of Transport Exchange Group (TEG), a fintech platform for the logistics sector. In this weekāsĀ Founder in Five Q&A, Cresswell discusses why founders should worry more about establishing a sustainable business model than quickly raising funds, the importance of knowing your market intimately and his background as a student ... Read more āŗ
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Cambridge-based artificial intelligence firm CuspAI has bolstered its advisory board with a string of key recruits including Yann LeCun and Verity Harding. LeCun is Metaās Chief AI Scientist, a Turing Prize Laureate and a professor at New York University. Harding is a director of the AI and Geopolitics Project at the University of Cambridge and ... Read more āŗ
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UK fintech customers, particularly of Revolut, were the most affected by a Georgia-based scam that cost consumers thousands, a recent investigation has revealed.Ā At least 1,000 people have lost money to a scam using phoney call centres and AI-powered deepfake marketing, according to findings published in the Guardian.Ā Of the top 10 financial institutions from ... Read more āŗ
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Trimtech Therapeutics, a university spinout biotech, has raised Ā£25m in seed round co-led by Cambridge Innovation Capital.Ā The investment will support the Cambridge startupās development of treatments for neurogenerative diseases like dementia, based on targeted protein degradation.Ā The seed round marks the latest spinout backed by Cambridge Innovation Capital since the launch of its Ā£100m ... Read more āŗ
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Challenger bank OakNorthās push into the US market has driven a profit surge revealed in its latest annual report.Ā The Soho-headquartered digital banking provider posted a 16% boost in post-tax profit from the year before, reaching Ā£157.8m at the end of December 2024.Ā This represents the eighth successive increase since OakNorth hit its first full ... Read more āŗ
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London fintech Wise has opened a new office in London as the fintech marks the next chapter in its global expansion. After more than eight years at the Tea Building on Shoreditch High Street, the money transfer business is moving into new global headquarters at Worship Square ā a new nine-story building on Clifton Street ... Read more āŗ
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One of the UKās biggest small business lenders said it had seen āheightened demandā for loans as it reported a rise in sales. London-listed Funding Circle saw a 33% increase in loans originations during 2024 to top Ā£1.4bn. The company said it had also saw ārapid adoptionā of its shorter-term lending product, FlexiPay, with transactions ... Read more āŗ
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Monday morning, and your new colleague is clocking in. Theyāre keen, obedient, incredibly fast ā and they donāt need a lunch break. Itās 2025 and AI tools have transformed the workplace. According to McKinseyās latest Global Survey, 72% of organisations have adopted AI in at least one business function and 65% are using generative AI ... Read more āŗ
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A tech platform designed to support workplace safety practices has raised Ā£1.5m in a fresh funding round. Newcastle-based Notify, whose clients include McDonalds, Siemens and the NHS, said it will use the funding to further enhance its platform with the addition of new AI-powered features and to step up its sales and marketing activities. The ... Read more āŗ
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Plans have been approved for a new Ā£10bn data centre in Northumberland as the UK ramps up is compute infrastructure.Ā Northumberland County Council approved the plans on Tuesday for the 540,000 sq metre site, which was submitted by QTS, a data centre company owned by investment group Blackstone.Ā The centre, which will be built in ... Read more āŗ
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Shares in Eurovestech, a London-based venture capital firm that delisted from AIM in 2012, have been admitted for trading on the unlisted investment platform JP Jenkins.Ā Eurovestech specialises in early-stage software investments in the UK and Europe.Ā Its previous investments include scheduling solutions platform Magenta and vehicle planning SaaS business MaxOptra.Ā The firm floated on AIM ... Read more āŗ
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CAB Payments has brought in a turnaround expert as its new CFO in the firmās latest boardroom reshuffle. 48-year-old James Hopkinson, who brings decades of experience in business transformation, joins from Metro Bank, where he helped to execute a turnaround plan for the struggling high street firm. The University of Bristol graduate previously worked at ... Read more āŗ
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Netcall is looking to accelerate growth in its cloud offering as the AIMālisted tech firm reported a rise in customer demand.Ā The Bedford-based business posted a 25% increase in turnover for the latter six months of 2024 to Ā£23m, as higher subscription rates led to stronger recurring revenues. Ā The firm said there was a ... Read more āŗ
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Quantexa has seen its valuation jump to $2.6bn (Ā£2bn) after the London AI firm completed its latest funding round. The Series F round, which was led by Teachersā Venture Growth alongside BNY, AlbionVC, and HSBC among others, raised $175m to grow the business. Quantexa said it would use the cash to deepen its presence in ... Read more āŗ
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The founder of Snyk has stepped down from the companyās board almost a decade after the cybersecurity firm first launched. Guy Podjarny, who set up the business in July 2015 and became its first CEO, transitioned to the role of company president in 2019 before taking a less active role on the firmās board in ... Read more āŗ
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14.05.2026 19:27
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