The CFO of London-listed enterprise software provider Aptitude will step down as the company restructures it strategy. Mike Johns, who has been with Aptitude for more than seven years, will resign as its finance chief and board member after the release of its upcoming full year results for 2024. Aptitude said the decision was made ... Read more ›
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A startup promising to modernise electrical power grid has raised $17m (£13.6m) in a fresh funding round. Founded in 2019, London-based IONATE has built a full stack solution that consolidates multiple power system functions into a single, cost-effective device, addressing the shortcomings of traditional offerings. The firm’s hardware Hybrid Intelligent Transformer replaces old transformers with ... Read more ›
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A new data bill expected to become law in Spring could draw on the success of Open Banking to unlock £27bn of “smart data” economic growth, a new report has found. The Tony Blair Institute and Startup Coalition have called for a “smart data revolution”, which will be made possible by the passage of the ... Read more ›
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Funding raised by UK tech companies in January reached a six-month high, brought on by a surge in AI investments, fresh figures from UKTN have found. Across January, UKTN tracked £794.3m worth of funding rounds for British tech firms, almost double the average amount raised across the previous six months (£433.7m). The encouraging numbers ... Read more ›
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Sales of Tesla vehicles slipped as much as 12% in January despite it being the best month on record for the EV market in the UK, fresh data has found. A total of 1,416 Teslas were registered in January, a drop of 188 compared to the same time last year, according to figures by New ... Read more ›
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European venture capital firm Cherry is launching a $500m (£402m) fund with the goal of finding the continent’s first trillion-dollar technology company. There are currently 10 companies in the world valued at over $1tn, all of which are based in the US, with the singular exception of the state-owned oil giant Saudi Aramco. Europe, by ... Read more ›
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Oxford-based Sophos has acquired US cybersecurity firm SecureWorks in a $859m deal. The transaction will make Sophos the largest pure-play Managed Detection and Response (MDR) provider, supporting more than 28,000 organizations. US computing giant Dell, which controls around four-fifths of the share capital of the Nasdaq-listed business, had reportedly been seeking a private sale of SecureWorks ... Read more ›
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DEI is under attack. US president Donald Trump has begun a crusade to strip diversity policies from government institutions, while senior tech leaders like Meta’s Mark Zuckerberg have called for workplaces to become ‘more masculine’ despite the fact that the social media giant’s workforce is already male-dominated. Is now really the time to tear up ... Read more ›
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The boss of the organisation behind Britain’s first AI growth zone has said he has “exciting plans” for the science campus on which it will be built after it was unveiled as a future hub for artificial intelligence in a government report. Tim Bestwick, who was appointed the UK Atomic Energy Authority’s Chief Technology Officer ... Read more ›
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Oxfordshire semiconductor firm EnSilica will receive £10m from the UK Space Agency to develop OneWeb-compatible chips as part of a wider funding scheme to bolster Britain’s satellite market. The government contract comes just months after the London-listed chipmaker warned it would not be able to continue trading over the next year without a cash injection. ... Read more ›
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GoCardless has axed 20% of its staff in a bid to cut costs as it eyes full-year profitability. The London fintech reduced its staff headcount from 764 to just over 600 in the second quarter of 2024, according to accounts filed by Companies House, as it vowed to hit profitability “within the next two years”, ... Read more ›
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Digital identification company Onfido cut almost a fifth of its workforce, as revealed in its first results since being acquired by US firm Entrust. The group’s financial report for the year ended January 2024 saw the average employee headcount fall by 19% to 224 people, which helped cut Onfido’s operating loss from £31.9m to £12m. ... Read more ›
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It wasn’t easy getting to Culham — there is no direct service from London. Instead, a train from Paddington takes you to Didcot, where you can catch an hourly, two-car diesel service to the village. As the train gently chugged into Culham station, belching fumes, I looked around to see a ticket office, a row ... Read more ›
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This week’s UK tech funding deals include AI firm ElevenLabs, payments firm Sokin and wealth management platform Prosper. UKTN tracked £54m worth of UK tech investment this week (20th to 24th January), in our third funding roundup of 2025. Here’s your weekly roundup of UK tech startup funding deals. Iplicit – £25m Sector: Accounting HQ: London Round: ... Read more ›
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Shivani Shah, the CTO and co-founder of Samp, an AI-powered ‘Shared Reality’ platform that turns simple 3D scans into intelligent virtual replicas of industrial sites. With a PhD in machine learning and a mission to solve deep technical and societal challenges, Shivani is at the forefront of leveraging AI and 3D technology to digitally transform ... Read more ›
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London fintech Sokin has secured $15m debt funding from funds and accounts managed by BlackRock as it accelerates its plans for growth. The payments business, which was founded in 2019, said the funding would allow it to grow its market share, develop new products which enhance its proposition and significantly scale its team including new ... Read more ›
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Shares in Maintel sunk as much as 16% in early London trade after the cloud, network and communications services firm warned on forthcoming regulatory headwinds. The London and Blackburn-based business said the termination of several customer contracts as well as tax hikes announced by chancellor Rachel Reeves in November were putting added pressure on the ... Read more ›
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In the few short weeks since the Government announced the AI Opportunities Action Plan, the AI landscape has shifted dramatically. From a new ‘Pro AI’ administration in Washington, to the unexpected release of DeepSeek, there’s a risk that the UK’s carefully curated plan may already be outdated. January’s events have presented several very pressing questions ... Read more ›
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A campaign group has called for an end to commercial ‘lock-in’ in the cloud market in a bid to give domestic operators a greater opportunity to compete. The Open Cloud Coalition, which was formed in October last year, condemned the “anti-competitive practices” by Big Tech cloud operators such as discriminatory licensing, lack of interoperability and ... Read more ›
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The biggest operator of e-bikes in London has vowed to sort out the capital’s e-bike parking problem after unveiling a £20m ‘action plan’. The California-based business said the five-point plan will help deal with the fallout from rising demand for e-bikes, leading to overcrowded parking areas and poorly parked e-bikes. That will be led by ... Read more ›
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14.05.2026 21:41
Last update: 21:15 EDT.
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