Leeds startup Eventum Orthopaedics has secured a £3.8m follow-on investment in support of its flagship device to support knee surgeries. The West Yorkshire-based medtech has built QuadSense, a device that provides surgeons with real-time data on the condition and position of patients’ kneecaps replacement during operations. Having secured regulatory approval for the device and deployed it ... Read more ›
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Chancellor Rachel Reeves has invited key members of the financial services sector to help shape the rules governing a new Digital Gilt Instrument in a bid to modernise the British bond market. Reeves today hosted a breakfast with the bosses of Revolut, ClearBank, Zilch and Wise, among others, to explore the potential of the new ... Read more ›
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Bioniq has scored a second investment from a star footballer as the London-based health tech group accelerates its growth. The firm has courted Manchester United defender Diogo Dalot, who joins fellow Portuguese footballer and ex-United striker Cristiano Ronaldo among its latest shareholders. Dalot, who plays in the full-back position for United and the Portuguese national ... Read more ›
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Almost half (44%) of all new data centres in the UK are expected to be dedicated to AI workloads over the next five years, new figures suggest, in the latest sign of a surge in the compute demands of the technology. Britain is expected to massively scale its data centre capabilities, with the prime minister ... Read more ›
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Trustpilot shares rose as much as 14% on Tuesday after the company forecast finishing this year ahead of market expectations following a record year for bookings growth. The Danish-headquartered and London-listed online business review platform reported booking revenue grew by just under a quarter, reaching £239m for the year ended December 2024. The group reported ... Read more ›
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Shares in Bytes technology jumped as much as 15% in early London trade after the IT supplier was boosted by “high demand” for software and AI products. The Surrey-based business saw gross invoiced income comfortably exceed £2bn for the first time for the 12 months to the end of February, helped along by increased customer ... Read more ›
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In recent months, there’s been a lot of news that AI startups are leaving the UK for other countries. Back in February, the House of Lords Communications and Digital Committee published a report, expressing concerns about this trend. It warns that unless the UK steps up its support for AI and tech companies, it risks ... Read more ›
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This week’s podcast guest is Tej Kohli, billionaire investor and philanthropist, who discusses why he’s most excited by the future of esports, biotech and artificial general intelligence, how the UK lacks the collaborative culture between academia and business seen in the US and why Elon Musk should stick to tech and avoid unelected government work. ... Read more ›
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Digital lender OakNorth is pushing forward with its US expansion with the acquisition of Michigan-based Community Unity Bank (CUB). The London-based fintech has been looking to expand its presence across the Atlantic, having received authorisation last year to market its products in the US via a representative office in New York. OakNorth is taking its ... Read more ›
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The notion that AI is a high energy consumer is a “misnomer”, the co-founder of Google DeepMind has said, amid heightened scrutiny of the carbon footprint of frontier artificial intelligence businesses. Sir Demis Hassabis, who launched the company in 2010, said AI firms were likely to lead to greater energy efficiencies globally in the long ... Read more ›
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A digital education platform for founders in the north of England has been launched by VCs in Manchester to address the funding gap outside of the South East. The “library for founders in the North”, or Founder Hub, is a new initiative from Praetura Ventures and EHE Ventures as the Mancunian investors call for better ... Read more ›
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Maxion Therapeutics, a Cambridge biotech firm developing treatments for inflammatory diseases, has closed a £58m Series A round. The company is developing antibody-based drugs called KnotBodies, which are designed to overcome the challenges of targeting ion channels and G protein-coupled receptors (GPCRs). Maxion’s drugs will target a broad range of inflammatory diseases including atopic dermatitis ... Read more ›
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The Treasury has issued a warning to regulators that it will be radically reshaping and downsizing their role amid accusations that the current system “too often holds back growth”. Chancellor Rachel Reeves said the government will aim to reduce the financial burden on businesses from regulation and administrative costs by a quarter by the end ... Read more ›
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It wasn’t until the 1930s that the term ‘weekend’ entered the vernacular in the UK. Before then, many were used to working six days a week and resting on the sabbath day. But the mechanisation era of the 19th century brought with it huge productivity gains, changing working patterns until a five-day work week eventually ... Read more ›
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Cloud firm Beeks Financial has struck its first partnership with a crypto exchange in a deal with San Francisco firm Kraken. Under the terms of the partnership, Beeks will offer low-latency, institutional-grade infrastructure from Kraken’s European data centre, while Kraken will rent cloud compute from Beeks’ Exchange Cloud offering. The revenue sharing agreement, with revenue recognition ... Read more ›
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The Online Safety Act has come into force today, marking a major milestone in the UK government’s efforts to project young people from harm online. From today, media regulator Ofcom can begin enforcing the Online Safety Act’s Illegal Content codes, which require online platforms to take action to protect the public from illegal content and ... Read more ›
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If there’s one industry the UK has always found a way to thrive in, its finance. That used to mean City-based banking and insurance giants founded long before the twentieth century. Today, those businesses still exist, but are joined by a crop of upstart, tech-focused banks that burst onto the scene in the 2010s with ... Read more ›
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The ability to cut through the noise and reach thousands or even millions of potential customers can be the key to unlocking rapid success for startups and new businesses alike. That’s exactly what the TV Star competition, hosted by All Response Media, has provided for some of the UK’s most exciting brands. From Calm.com to ... Read more ›
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This week’s UK tech funding deals include advanced materials firm Alloyed, SME financial management platform Mimo and more. UKTN tracked £74.1m worth of UK tech investment this week (10 March to 14 March), a 63% week-on-week decrease across eight funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Alloyed – £37m Sector: ... Read more ›
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The UK’s tech secretary is an avid user of ChatGPT, turning to the LLM for advice ranging from supporting businesses to which podcasts to appear on. Peter Kyle, head of Britain’s tech department, seems to have taken the prime minister’s calls for the public sector to embrace AI tools to heart. Kyle’s chatbot queries were ... Read more ›
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17.06.2026 00:19
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