Ocado shares dropped as much as 16% on Thursday after the company posted a pre-tax loss for the year of £379.3m and admitted job cuts were coming. In a media conference, Ocado leadership said it was making good progress towards its goal of being cash positive by 2026, but warned cost reductions, including redundancies would ... Read more ›
0
Ian Hogarth and Taavet Hinrikus’ Plural VC has led a $35m (£27.6m) round in ecommerce logistics startup Relay. The new capital will be used by the company to build out its AI and machine learning capabilities as it aims to reduce costs in online shopping delivery. Retailers lose over $18bn a year in potential sales ... Read more ›
0
Britain’s climate tech ecosystem is one of the best-funded in the world, underscoring the sector’s growing importance. In 2023, investor appetite for British climate tech surged, with climate tech startups receiving around 29% of total UK VC investments received in 2023. London in particular has shined globally in recent years, with its climate tech startups ... Read more ›
0
Growth is the watchword of this Labour government. Practically every policy decision, from the AI Opportunities Action Plan, to the designation of data centres as ‘critical national infrastructure’, has been made in the interest of growing the UK’s economy. As well as supporting Britain’s homegrown tech companies, this means attracting investment and support from the ... Read more ›
7
Magdrive has secured a $10.5m (£8.3m) seed funding round as it gears up for its first in-orbit tests. The Oxfordshire-based spacecraft startup is developing space propulsion technology and plans to conduct its first tests of the new Magdrive Rogue thruster in a launch in June in collaboration with D-Orbit. Magdrive aims to scale its propulsion ... Read more ›
0
The UK’s intellectual property agency must reform how it treats patents for emerging technologies like quantum and AI to prevent unfair rejections, according to an IP law firm. Dr Edd Cavanna, a partner at Mathys & Squire, said the Intellectual Property Office (IPO) risked preventing patents for new nascent technologies due to its “outdated” rules ... Read more ›
0
Aurrigo has reported a jump in revenues as the AIM-listed firm saw a surge in demand for its airside technology. In a full year trading update, the Coventry-based autonomous vehicle technology provider said its 2024 financial results, expected to be released in May, were set to show an adjusted EBITDA loss of £1.9m, 40% ... Read more ›
0
The length of time it takes to successfully complete a seed funding raise has risen to fresh highs, new data has shown, underscoring the challenges facing startup founders as they look for sources of capital to grow their business. The average duration of a $1m+ seed funding round rose to a staggering 3.3 years in ... Read more ›
0
Zopa has become the latest fintech to expand its presence in Canary Wharf with plans to double its office footprint in the financial district. The new location, in Water Street, will bring the company’s London footprint to 44,000 sq. Ft. The fintech, keen to make a splash among its banking peers in the financial ... Read more ›
0
When you look at early-stage investment data from the UK over the last ten years, a clear trend emerges. Despite the resilience of early-stage funding during the downturn, despite the growing maturity of the UK VC ecosystem and despite record numbers of new founders entering the market, it’s taking new startups longer and longer to ... Read more ›
0
This week’s podcast guest is Michelle He, co-founder and COO of London-based fintech Abound, who discusses how companies like hers are modernising the lending industry, why the UK is the best place in the world for an Open Banking startup and why the future has room for fintechs and traditional finance. Abound provides credit products ... Read more ›
0
The head of the UK Atomic Energy Authority (UKAEA), Prof Ian Chapman, will take over as chief executive of Britain’s research and innovation funding body with a focus on backing R&D to fulfil the government’s growth plans. Chapman will lead the team at UK Research and Innovation (UKRI), the largest public research funder in the ... Read more ›
0
This week’s UK tech funding deals include legal AI firm Luminance, semiconductor materials developer Cambridge GaN Devices and more. UKTN tracked £122.9m worth of UK tech investment this week (17 February to 21 February), a 34% week-on-week decrease across 11 funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Luminance – £59.5m ... Read more ›
0
Biome Technologies, a developer of plastic-alternative materials, has become the latest biotech business seeking to ditch its AIM listing after the stock fell more than 90% in a year. The company said on Friday that it has proposed the cancellation of shares from trading on AIM, with the ultimate decision subject to approval at the ... Read more ›
0
Automotive software group Pinewood has agreed to acquire the outstanding 91% of share capital of AI SaaS platform Seez in a deal worth £33.3m. Pinewood, which provides software for vehicle vendors, has been on a push to incorporate automation into is tech offering, having rolled out its AI product across 155 dealerships in a deal ... Read more ›
0
Georgina Robinson is the co-founder of Gladys, a Bath-based platform to connect families with trusted carers in their local area. In this week’s Founder in Five Q&A, Robinson discusses not agonising over feedback when starting your business, promoting diversity by taking action and going from barrister to tech founder. Which role was the most important early ... Read more ›
0
In their book No Ordinary Disruption, Richard Dobbs, James Manyika, and Lola Woetzel, conclude that the fundamental change caused by urbanisation, technological change, globalisation and demographic ageing on world economies and societies is happening “10 times faster” than the industrial Revolution – at “300 times the scale, or 3000 times the impact”. The Prime Minister’s ... Read more ›
0
Private share trading platform JP Jenkins will deploy AI technology to handle its ESG reporting through a deal with London-listed Insig AI. Insig AI’s software will be used to quantify and analyse datasets, such as company disclosures, to generate peer group comparisons in an instant and traceable manner. Through the deployment of Insig AI, JP ... Read more ›
0
Shares in Tekcapital, an investor and tech transfer office targeting the intellectual property in British universities, jumped more than 10% on Monday after it reported its portfolio value grew by over a third in 2024. The London-listed group’s portfolio holdings rose 38% to $64.2m (£50.9m) last year, in a promising sign for the value of ... Read more ›
0
UKTN‘s latest dive into regional tech ecosystems is all about the Solent Region of the UK’s south coast, featuring the tech hubs of Southampton, Portsmouth, Bournemouth, the Isle of Wight and more. It is fitting that much of the research conducted by UKTN that has formed the basis of our report into the Solent region ... Read more ›
0
Most popular sources
Tech Wire Asia
|
0% |
ReadWrite
|
0% |
ScienceDaily
|
0% |
Tech.eu
|
0% |
Startup News
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
14.05.2026 20:34
Last update: 20:25 EDT.
News rating updated: 03:20.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.