London-based Blue Skies Space has raised £2m in a funding round to support the launch of its new data analytics satellite. The company specialises in gathering scientific data through space technology. Blue Skies Space is currently working towards the launch of Mauve a satellite equipped with sensors to measure ultraviolet wavelength in stars. Monitoring this activity […]
Cambridge-based drug discovery company CN Bio has closed a $21m (£17m) Series B funding round to develop technology that it says eliminates the need for animal testing. The company specialises in organ-on-chip (OOC) technology, a process in which engineered or natural tissues are grown inside chips to mimic human physiology. CN Bio uses OOC tech […]
The government’s tech department has added to its senior ranks with several new appointments, including a chief scientific advisor and a handful of non-executive directors. Prof Christopher Johnson will join the Department for Science, Innovation and Technology (DSIT) as chief scientific advisor in July. Johnson is currently the pro-vice-chancellor for engineering and physical sciences at […]
Paid partnership with KPMG UK With the power to unlock huge benefits for the wider economy, UK tech innovators are our hope for the future. As KPMG opens applications for the firm’s annual Tech Innovator in the UK competition, Nicole Lowe, head of KPMG’s Emerging Giants practice talks to Dr Elliot Street, CEO of Inovus […]
Regional tech industry body Manchester Digital has been awarded funding from Barclays Eagle Labs to support local startups. The funding, awarded as part of the Barclays Eagle Labs Ecosystem Partnership Programme, will assist 200 startups and founders spread evenly across the 10 boroughs of Manchester. “Our Startup Activator programme offers a bold vision of a […]
British AI unicorn Synthesia has launched its new generation of AI avatars, promising truly human-like digital speakers. Synthesia CEO Victor Riparbelli said traditional AI avatars, including those made by his own company, have always struggled to capture the nuance of human facial expressions and emotions. The London-based startup, which raised £71.4m last June in a […]
In this week’s UKTN Podcast, Octopus Legacy founder Sam Grice discusses how the administrative side of death can make the grieving process much harder, why we need to be able to talk about death to plan our lives properly and keeping the ethos of his business alive after it was acquired. Grice founded the company, […]
Getir is reportedly preparing to exit the UK market amid financial difficulties for the rapid grocery delivery startup. Getir was once valued at £9.7bn and is among the largest players in rapid delivery. The Turkish company grew quickly in 2020 and 2021, expanding into more and more markets with VC cash-backed acquisitions of existing firms […]
Investment group Seraphim Space has announced the first close of its second early-stage space tech venture fund. The Seraphim Space Venture Fund II (SSV II) will back early-stage space tech startups from seed to Series A round. A Seraphim spokesperson declined to comment on the target size of the fund, but said it would be […]
The government has launched a pilot scheme that will provide entrepreneurs with informal advice on AI regulations. The AI and Digital Hub will see regulators including the Competition and Markets Authority, Ofcom, the Financial Conduct Authority, and the Information Commissioner’s Office share information with businesses to help them navigate the UK’s regulatory environment. The pilot, […]
AI-powered sustainable real estate analytics firm Infogrid has appointed the co-founder of US climate tech unicorn Arcadia as its new CEO. Kate Henningsen will take over as CEO of London-based Infogrid, which last year closed a £72.4m Series B round. Henningsen launched Arcadia in 2015 and served as the firm’s COO for nine years. During […]
This week’s UK tech funding deals include flying taxi company Skyports, Scottish rocket manufacturer Orbex, generative AI legal assistant Lawhive and more. UKTN tracked £176.6m worth of tech funding deals this week (15 April to 19 April), a whopping 316.5% week-on-week increase. Here’s your weekly roundup of UK tech startup funding. Skyports – £88m Sector: Mobility […]