This week’s UK tech funding deals include AI engineering platform PhysicsX, tax software platform Record OS and more. UKTN tracked £266.48m worth of UK tech investment this week (08 June to 12 June), a 44% week-on-week decrease across six funding rounds. Here’s your weekly roundup of UK tech startup funding deals. PhysicsX – £225m Sector: ... Read more ›
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The projected $18.3 trillion in wealth to be transferred globally by 2030 is expected to be the largest intergenerational transfer of assets in history. However, this great wealth transfer brings with it a problem for families whose assets are tied up in their own businesses. There is a risk that the private market is not ... Read more ›
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This week’s podcast guest is Martin Woodward, who discusses how the benefits of open source culture still exist in a hyper-capitalist society, but tech has moved away from the idealism of early open source, what the future of software development might look like and way coders don’t necessarily have to be afraid that AI will ... Read more ›
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Recent contracts granted to the British space sector will deliver more than £1bn to the UK economy as figures released on Tuesday reveal a record quarter for the industry. Britain’s space sector had its most successful quarter on record at the end of 2024 for contracts secured from the European Space Agency. British companies received ... Read more ›
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Wayve, the UK’s most valuable autonomous vehicle company, has successfully tested its AI adaptive driving model in US streets in a major milestone towards a wider rollout of self-driving vehicles. The London-based group tested AV2.0, a foundational AI model it developed to allow autonomous vehicles to adapt to the driving behaviours of where it has ... Read more ›
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British Airways parent company International Airlines Group (IAG) will invest up to €200m (£168.1m) in tech startups through a new venture capital arm. IAGi Ventures will look to back tech innovations that can support the aviation industry, from sustainable fuels to airport operations support. “Adopting new technologies will improve our business and the value we ... Read more ›
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An Aquis-listed small-cap investor has warned 2024 was a “difficult year” in the public markets as it posted widening losses. Gledhow Investments, which builds up positions in fast-growing AIM, LSE and Aquis Exchange traded companies, complained of poor liquidity on the Aquis exchange as it reported a fall in the value of its portfolio. “UK ... Read more ›
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The UK’s tech department is switching to a “startup mindset” for funding AI projects for the public sector to cut down on “overly complex spending approval processes”. Throughout the government there has been strong ambitions to deploy artificial intelligence tools throughout its digital processes – part of its growth ambitions to boost efficiency and cut ... Read more ›
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Over 70 redundancies have been made as the sale of the collapsed UK entity of EV firm Arrival has fallen apart after administrators were unable to complete a last-minute sale of the business. In an administrator’s report from EY Parthenon, it was revealed that sales for two different parts of Arrival were in advanced negotiations ... Read more ›
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Deliveroo has become the latest food delivery tech firm to retreat from its international markets after the London-listed business said it would be shutting down its operations in Hong Kong. In a stock exchange update, Deliveroo said its Hong Kong platform would be live until 7 April, after which liquidators will manage closure of the ... Read more ›
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A remarkable chart caught my attention this week. I had to re-read the title to check I wasn’t hallucinating. The chart showed that since the start of this year, the FTSE 100 had outpaced the Nasdaq – and outperformed it bigly. While the US index has tumbled 6% since the start of the year, London’s ... Read more ›
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Have you heard of RELX? A lot of people haven’t. A cursory browse of Google Trends suggests there is less “search interest” for RELX than virtually any other major company in Britain. But RELX is fast becoming a business worth knowing about. The firm, which prides itself on its humble low profile, is on the ... Read more ›
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Irish technology consultancy Version 1 has pledged to invest £40m into the UK’s AI economy following a discussion with leaders of both countries. The investment will be made through an increased presence across the UK’s “technology hubs”, in a move that it claims will add 1,000 jobs to the economy. The majority of these new ... Read more ›
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This week’s UK tech funding deals include AI data intelligence platform Quantexa, biomaterials developer Epoch Biodesign and more. UKTN tracked £200.3m worth of UK tech investment this week (3 March to 7 March), a 110% week-on-week increase across seven funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Quantexa – £135.5m Sector: AI ... Read more ›
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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 that’s missing, according to Riverlane CEO Steve Brierly, is a sense of urgency. Speaking to UKTN, Brierley – whose quantum company has raised $125m – celebrated ... Read more ›
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The emergence of DeepSeek has only served to “reinforce” the investment thesis of SuperSeed Capital, the AI investor said this week, despite the industry disruption brought about by the chatbot’s launch. In January, DeepSeek’s latest release demonstrated that top-tier AI performance could be achieved at just 5% of traditional inference costs, triggering a $1 trillion ... Read more ›
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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. Guests at the Park Hall Resort and Spa in Preston will be able to call on the hotel’s artificial assistant, designed by London-based startup Inntelo AI. Accessed via a phone ... Read more ›
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If you’ve been on LinkedIn recently you’ll 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 US’ ... Read more ›
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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 week’s 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 ›
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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 Meta’s 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 ›
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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. 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. Of the top 10 financial institutions from ... Read more ›
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15.06.2026 10:09
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