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Simon Hunt @ UK Tech News 3 place · 01/22/2025 05:03 EDT

Tap Global shares jump on record revenue

Shares in Tap Global rose as much as 16% in early London trade after the Blockchain business reported record revenues. The fintech firm, which offers integrated fiat payments and cryptocurrency settlement services, posted revenue of ÂŁ1.8m for the latter six months of 2024, an increase of around 40% compared to the prior year, with growth ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News 3 place · 01/22/2025 02:29 EDT

AI security firm Vizgard lands ÂŁ1.5m funding

A London AI firm that offers real-time threat identification has raised ÂŁ1.5m in an oversubscribed funding round. Founded in early 2021 by former Royal Navy submariner Alex Kehoe, Vizgard said it raised the funds to scale the business and become a global leader in AI vision automation, bridging critical gaps in camera-based defence and public ... Read more â€ș

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UK Tech News
Tej Kohli @ UK Tech News · 01/22/2025 01:13 EDT

AI alone won’t shape our future

Billionaire tech investor and philanthropist Tej Kohli warns that in our rush to embrace artificial intelligence, we risk neglecting other emerging fields that could have equally profound, if not more significant, impacts on society, such as artificial general intelligence, biotech, and quantum computing. It seems a world away now, but I remember being a young ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News · 01/21/2025 05:56 EDT

Quantexa becomes first British firm to join World Economic Forum’s Unicorn Community

Quantexa has become the first British company to join the World Economic Forum’s Unicorn Community as the London AI firm seeks to increase its presence on the world stage. The invite-only group offers a range of benefits to top tech firms, including participation in forums, workshops, and events. Quantexa said it hopes to use the ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News · 01/21/2025 05:08 EDT

Alphawave Semi shares rise on record-breaking quarter

Shares in Alphawave Semi rose as much as 15% in early London trade after the semiconductor company posted a record-breaking quarter. The London, UK and Toronto, Canada-based business said it had seen its most successful bookings quarter in its history with $185.7m (ÂŁ151.6m) in bookings for the final three months of the year, including $99.9m ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News · 01/21/2025 04:47 EDT

Argo Blockchain CEO quits amid share price woes

The boss of Argo Blockchain is to step down from the crypto mining business as it battles to build a recovery in its share price. Thomas Chippas announced he would stepping down from his position as CEO effective 28 February 2025, after barely more than a year in the role. Argo said will engage an ... Read more â€ș

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UK Tech News
UKTN @ UK Tech News · 01/21/2025 00:00 EDT

Could the UK lead the world in quantum computing? Chris Ballance, Oxford Ionics

Quantum computing has made huge strides over the past decade — and many recent advances can be traced back to research conducted at Oxford University. But can UK quantum firms become a major player on the world stage? Dr Chris Ballance, founder and CEO of Oxford Ionics, discusses how the UK has the chance to ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News · 01/20/2025 07:36 EDT

Eqtec puts itself up for sale after shorter-than-expected cash runway

Energy technology company Eqtec has put itself up for sale after warning of a shorter-than-expected cash runway. The company, which has seen its shares sink some 84% over the past twelve months, last year raised ÂŁ1.6m from existing shareholders. But the firm, which now has less than $1m in cash resources, said “the current cash ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News · 01/20/2025 05:15 EDT

Pod Point shares plummet over EV market ‘weakness’

Shares in Pod Point sunk as much as 40% in early market trade in London on Monday after the electric vehicle charging operator warned on ‘weakness’ in the EV market. The EDF-backed business said it expects its 2025 results to be below current market expectations amid the slump in demand for new cars. The company ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News · 01/20/2025 04:40 EDT

Fundment raises ÂŁ45m to scale tech platform for financial advisers

Fundment has raised ÂŁ45m in a Series C funding round to scale the platform’s offering and team, including product and engineering. The London-based business said the round was led by Highland Europe, including participation from ETFS Capital, and is subject to FCA approval. Founded in 2018 by experienced asset manager Ola Abdul who was previously with ... Read more â€ș

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UK Tech News
Daniel Hilton @ UK Tech News 1 place · 01/18/2025 02:30 EDT

Could trade unions be gaining ground in the UK’s tech industry?

For decades, trade unions held next to no sway in the UK’s tech sector, as an abundance of high-paying jobs and the freewheeling attitude of industry leaders kept their membership numbers low. But an increasingly rigid labour market coupled with the rise of AI has sparked greater concerns on job security – and union bosses ... Read more â€ș

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UK Tech News
UKTN @ UK Tech News 2 place · 01/17/2025 08:36 EDT

UK tech funding roundup: This week’s deals from Synthesia to Oh

2025 has got off to a flying start for tech funding in the UK, with another packed week of deals, the most eye-catching of which was London-based Synthesia, celebrating crossing the $2bn valuation mark to become Britain’s top gen AI firm. UKTN tracked ÂŁ160m worth of UK tech investment this week (11 January to 17 ... Read more â€ș

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UK Tech News
Daniel Hilton @ UK Tech News 3 place · 01/17/2025 06:37 EDT

Revolut launches in-app calling feature to tackle impersonation fraud

Canary Wharf-based fintech Revolut has today introduced in-app calls for customers as the firm aims to increase the security of its accounts. The new feature targets impersonation scams in which criminals pretend to be a representative of a bank to gain access to sensitive details about their victim’s account, compromising their savings. The feature seeks ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News · 01/17/2025 05:59 EDT

Treble Peak founder: CEOs have a shelf life

Mark Woolhouse is the CEO and Co-founder of  Treble Peak,  a private markets ecosystem that enables investors to diversify, wealth managers to connect and funds to gro In this week’s Founder in Five Q&A, Woolhouse discusses using technology to address climate challenges and the sluggish pace of innovation in the insurance industry. Which company’s growth story ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News · 01/17/2025 05:45 EDT

Green fintech firm Tred to shut down

Green fintech firm Tred is to shut down after four years, the firm’s co-founder said today, just four months after it received fresh investment from energy firm Ecotricity. The Leeds-based business, which offered current accounts that offset any carbon customer spending has emitted via a tree planting scheme in Scotland, said changes to rules on ... Read more â€ș

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UK Tech News
Daniel Hilton @ UK Tech News · 01/17/2025 05:24 EDT

Windracers unveils next generation cargo drone

Southampton-based cargo drone manufacturer Windracers has today unveiled the newest iteration of its self-flying cargo drone, the ULTRA MK2. The unmanned aerial vehicle will provide double the power output of its predecessor as well as a 50% increase in payload size. Windracers say that these new developments could help bring down fuel costs by up ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News · 01/17/2025 05:07 EDT

Argo Blockchain risks being expelled from Nasdaq over low share price

Argo Blockchain has been warned it may be kicked out of the Nasdaq over its sinking share price. The London-based crypto miner, which also has a listing on the London Stock Exchange, has seen its stock tumble by more than 70% over the past twelve months. That has seen the company’s American Depositary Shares (“ADS”) ... Read more â€ș

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UK Tech News
Daniel Hilton @ UK Tech News · 01/16/2025 06:24 EDT

Porn sites must introduce age checks for ‘harmful content’, says Ofcom

Websites that host pornography and other types of ‘harmful content’ will have to introduce checks that validate the age of their users by July, Ofcom has said, as it clamps down on online risks posed to children and teenagers. The media regulator, whose remit covers the internet, has said websites that host such content will ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News · 01/16/2025 05:39 EDT

Trustpilot shares rocket on earnings upgrade

Shares in Trustpilot soared as much as 16% as markets opened in London on Thursday after the customer review platform said its earnings expectations were set to come in ahead of analyst consensus. The stock surge means Trustpilot’s shares have now more than doubled in the past year, making the company one of the best ... Read more â€ș

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UK Tech News
Simon Hunt @ UK Tech News 3 place · 01/16/2025 05:00 EDT

Wise shares dip on FX headwinds

Wise shares fell as much as 4% as markets opened in London after the fintech warned its underlying income growth was being hit by foreign exchange headwinds. The London-based business said it now expected its full-year income guidance to be at the bottom end of the 15-20% growth it had previously guided as a result. ... Read more â€ș

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