Boost for AI tech companies in the North West as LYVA Labs backs Spotlight Pathology with £125k after Dr Samantha Perona joins as CEO Liverpool-based LYVA Labs is taking the lead in investing in under-served founders and CEOs. This week, the company backed its fourth female-led business, Spotlight Pathology, with £125k from its Health and Life Sciences...
Category: Tech
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CuspAI secures £23.6 million Seed Investment led by Hoxton Ventures
CuspAI Secures $30M to Combat Climate Change with AI-Designed Materials CuspAI, a transformational AI company building a platform for next-generation materials to tackle global sustainability and clean energy challenges has secured $30 million in seed funding from leading European and US venture funds. The round was led by Hoxton Ventures, with significant participation from Basis...
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Echion Technologies secures £29 million Series B investment led by Volta Energy Technologies
[Cambridge, UK] – [Echion Technologies]: The world’s leading developer of niobium-based, fast-charging battery materials, Echion Technologies (Echion), has successfully completed its Series B funding round, raising £29 million in investment capital. The round was led by specialist battery and energy storage technology investor Volta Energy Technologies (Volta), with participation from existing investors CBMM, BGF, and...
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UK tech funding roundup: This week’s deals from Huma to Spotlight
This week’s UK tech funding deals include digital health firm Huma, AI due diligence tool Xapien, SME business account provider Waymo and more. UKTN tracked £127.5 worth of UK tech investment this week (15 July to 19 July), a 379% week-on-week increase across 15 funding rounds. Here’s your weekly roundup of UK tech startup funding...
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All the banks, airports and services affected by the Microsoft issue today
A blue error screen on a register is seen at a departmental store affected by a cyber outage in Brisbane, Australia (Picture: Reuters) Airlines, major banks, news organisations and other businesses around the world have been knocked offline after a major IT outage. The glitch has seen flights grounded in the US, Australia and Germany,...
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Global tech outage hits banks, grounds flights and takes Sky News off-air | BreakingNews.ie
A global tech outage has impacted companies across multiple industries including airports, trains, banks and TV broadcasters. The IT issues have also affected businesses in countries such as UK, US, Australia and several European countries. Overnight, IT giant Microsoft confirmed it was investigating an “issue” with its 365 apps and operating systems, and although it...
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Global chaos as jets forced to stay airborne, banks crash & Sky News off air
A MAJOR global tech outage has sparked chaos with flights grounded and TV channels and banks knocked offline. The severe issues at Microsoft have crashed computer systems across the world leaving major businesses, newsrooms and television networks all plunged into chaos. 12 Gatwick airport has been plunged into chaos with major disruptions expected in the...
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Tracebit secures £3.9 Million Seed Investment led by Accel
Tracebit raises $5M (£3.9M) seed round, led by Accel, to bring cloud-based threat deception to the world London-founded Tracebit is the first company to offer cloud-native threat deception technology for enterprises Tracebit’s technology reduces the mean time it takes to detect security incidents from months to minutes The cloud-based threat deception platform was founded by...
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King’s Speech: UK AI legislation plans explained
There’s not yet a firm commitment to a bill, but a path to AI legislation has been officially announced in the King’s Speech as Keir Starmer’s Labour government moves away from the wait-and-see approach of the previous Conservative administration. During the general election campaign, Labour made a handful of promises to take legislative action to...
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Did German spies deliberately sabotage Hitler’s invasion of Great Britain?
The man who ordered a pint of champagne cider at 9am on Tuesday September 3, 1940, at The Rising Sun could not have been a more atypical customer of the pub in the small coastal village of Lydd in Kent. He spoke with a foreign accent, was unsure about how to use the British currency...
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UK tech funding roundup: This week’s deals from PureCyber to PreActiv
This week’s UK tech funding deals include Welsh cybersecurity startup PureCyber, flight-free travel planner ByWay, fitness app GoJoe and more. UKTN tracked £26.6m worth of UK tech investment this week (8 July to 12 July), a 90% week-on-week decrease across nine funding rounds. Here’s your weekly roundup of UK tech startup funding deals. PureCyber –...
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Pioneering UK microchip maker bought by Japanese conglomerate
British artificial intelligence (AI) chip firm Graphcore – once considered a potential rival to market leader Nvidia – has been bought by a Japanese conglomerate. Softbank has not disclosed how much it paid – but it is thought to be considerably less than the £2bn the UK company was valued at after a financing round...