VC investment in the UK is showing signs of recovery, boosted by large late-stage rounds to rise 16% in 2024 and maintain its leading position in Europe. Data from startup funding tracker Dealroom has shown solid growth in VC investments in the UK, with startups and scaleups raising £7.4bn in the first half of the...
Category: Tech
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Tech Layoffs: Dyson to Axe Around 1,000 Jobs in Britain – News18
Last Updated: July 10, 2024, 10:00 IST Around 1000 employees are being laid off as a part of the restructure Vacuum cleaner manufacturer Dyson will cut about 1,000 jobs in Britain, more than a quarter of its workforce in the country, as part of a global restructuring. LONDON: Vacuum cleaner manufacturer Dyson will cut about...
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UK tech startup raises £5m to prevent dangerous mould in social housing
A British startup which uses technology to prevent renters from living in cold, damp homes has raised fresh funds to expand as landlords belatedly try to tackle outbreaks of mould in crumbling social housing. Switchee has secured £5m, split equally between an existing investor, Axa IM Alts, and Octopus Ventures, part of the group which...
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Made in the UK | Silicon UK Tech News
UK manufacturers have demonstrated amazing adaptability during a period of unprecedented disruption, according to a new report published by Protolabs and the Institute of Mechanical Engineers (IMechE). The report, “How Five Years Shaped the Future of UK Manufacturing,” is based on annual surveys of more than 700 UK manufacturing executives and IMechE members over...
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Who got your Silverstone Driver of the Day vote
Fairytale stuff from Lewis Hamilton – a ninth Silverstone win for the seven-time world champion in his final British Grand Prix for Mercedes. It required all his speed, skill and experience as Lando Norris and Max Verstappen kept the pressure on in the ever-changing conditions – and you duly recognised his superb drive to a...
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Tasty Mates secures £60K investment from Peter Jones
Thursday 22nd February 2024, gourmet gummy sweet company, Tasty Mates, was seen on BBC’s Dragons’ Den. The episode saw one of the founders, Joe Woolf, achieve a £60,000 investment from British entrepreneur, Peter Jones CBE. Tasty Mates launched in February 2021, after co-founder Joe noticed a gap in the confectionary market focussing on a better...
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Virginia Tech F Tobi Lawal Called Up to Great Britain National Team
One of Virginia Tech’s newest transfer additions is getting his chance to play high-level international basketball as F Toni Lawal, a transfer from VCU, has been called up to play for the Great Britain Senior Men’s Basketball National Team. Lawal is the first Hokie men’s basketball player to be called up to their national team...
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What tyres will the teams and drivers have for the 2024 British Grand Prix? | Formula 1®
“It features 18 corners and is one of the most exciting and also one of the most demanding for the car-tyre package. Some corner combinations, such as those from 10 to 14 – Maggots, Becketts and Chapel – are taken at high speed and generate lateral forces on the tyres and drivers of over 5G:...
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Tobi Lawal heads to Great Britain senior men’s national team training camp
BLACKSBURG – Virginia Tech rising junior Toibu “Tobi” Lawal has been selected for training camp with the Great Britain senior men’s national team, July 5-12. The training camp is in preparation for the Subway Summer Slam, a major summer event which will feature Great Britain squaring off against 2024 Paris Olympics qualifier South Sudan on...
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How a British tech champion almost fell into China’s grasp
‘James Bond fantasy’ The documents have emerged as part of an unfair dismissal case brought by Black, who claims he was sacked for blowing the whistle on China’s attempt to take over the company. In April 2020, Black explosively quit the company over the plan to add the four directors. It was after executives leaked...
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Former Alpine tech chief Matt Harman heads bumper list of 26 Williams hires as team bolster technical structure | Formula 1®
They will be joined by Sorin Cheran, who will become Chief Information and Analytics Officer. He joins from Hewlett Packard Enterprise, where he spent 17 years specialising in Artificial Intelligence and innovation. “I am delighted to welcome these six incredible people to Williams,” said Team Principal James Vowles of the above hires. “We are on...
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British tech star Ultraleap to halve workforce in break-up plan
A British tech champion which uses ultrasound to simulate the sense of touch is halving its workforce and preparing to offload one of its two core divisions. Sky News has learnt that Ultraleap, which was spun out of Bristol University, informed staff on Wednesday that it was proposing to slash jobs amid shifting priorities at...