UK Tech News (UKTN)

UKTN serves as the top source for news, insights, and events tailored for technology innovators in the United Kingdom.

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VC investment in UK businesses doubled in 2024

5 days ago | uktech.news | Oscar Hornstein

Venture capital investments in the UK surged in 2024 according to a new report from the British Private Equity and Venture Capital Association (BVCA). The total amount invested in UK businesses by venture capital funds, co-investors and financial institutions in 2024 was £9bn, a 12.5% rise according to the BVCA.
Harriet founder: Learn to operate in uncertainty

5 days ago | uktech.news | Oscar Hornstein

Cecily Motley is the co-founder and chief executive of Harriet, an AI-powered self-service agent for HR and ops teams. Launched in 2023, Harriet raised £1.2m in a funding round in December that year. In this week’s Founder in Five Q&A, Motley discusses operating in uncertainty, the success of Shopify and the failure of NFTs.Which company’s growth story are you most impressed with? (can’t be your own)I think Shopify is just a great product that solves an obvious and real problem.
‘Significant doubt’ at Argo Blockchain as it looks to restore listing

5 days ago | uktech.news | Oscar Hornstein

Bitcoin mining group Argo Blockchain has requested a return of its London listing following the delayed release of its 2024 results despite the company warning of “significant doubt” over its continued operations. Shares in the company were suspended from the London Stock Exchange last week as it was unable to release its audited results before the deadline.
Government backs regional spinouts with £30m plan - UKTN

5 days ago | uktech.news | Oscar Hornstein

The government is turning to regional spinouts to accelerate UK tech growth with a £30m support package for four research hubs across the country. Universities in Merseyside, East Anglia, the Midlands and the North East will receive new funds to encourage more spinouts, or tech companies founded from students and staff based on an institutions’ research.
CUBE celebrates ‘world-class tech hub’ with new London HQ

6 days ago | uktech.news | Oscar Hornstein

Automated regulatory intelligence firm CUBE has opened its new global headquarters in the City of London. The Tower 42 building on Old Broad Street will house the company’s new “AI Centre of Excellence”, an artificial intelligence lab, in which the CUBE team will research the evolving role of the technology in regulation and compliance in finance and other regulated industries.
Fintech startup created by Deliveroo alums raises £9m - UKTN

6 days ago | uktech.news | Oscar Hornstein

London-based fintech Ravio, which provides real-time insights into what different roles are paid, has raised $12m (£9m) in a Series A funding round. Founded in 2022, Ravio works with the likes of Just Eat, Wise, Zoopla and Octopus Energy to provide compensation rates for various jobs to determine ideal salary offers. According to the startup, there has been little innovation in how businesses determine compensation over the years.
Recycleye deploys robotic sorting arms at Hartlepool recycling plant

6 days ago | uktech.news | Oscar Hornstein

A Hartlepool recycling plant has deployed advanced robotics to enhance food and beverage sorting through a partnership with UK startup Recycleye and Swedish food packaging giant Tetra Pak. The J&B Recycling site will be upgraded with robotic arms developed by Recycleye to sort food and beverage cartons for recycling.
OnlyFans founder launches rival creator platform

6 days ago | uktech.news | Oscar Hornstein

Tim Stokely, founder of content creation platform OnlyFans, is launching a new competitor. Subs.com will focus on online content accessible via subscription payments, in a similar vein to his former company, though with a greater focus on diverse content types as opposed to the adult content which dominates OnlyFans. “There is a clear demand for a subscription platform that gives creators everything they need in one place,” Stokely said.
Human vulnerability is the greatest risk to cybersecurity - UKTN

6 days ago | uktech.news | Oscar Hornstein

Human vulnerability is the most exploited element of IT security systems, with social engineering behind most data breaches. Recent high-profile cyber-attacks against the likes of M&S, Co-op and Harrods have highlighted flaws in current digital safety methods, however, human manipulation can be a much greater risk than harmful malware. In the case of attacks like at M&S this can take the form of threat actors impersonating IT helpdesks to enter systems.
Executive shakeup at payments firm Shieldpay - UKTN

1 week ago | uktech.news | Oscar Hornstein

Fintech group Shieldpay has promoted chief operating officer Sophie Condie to chief executive alongside the appointment of former Lloyds exec Amanda Howkins as chief revenue officer. Condie will take the helm of the firm as it looks to grow its secure digital payments platform. The new chief executive first joined Shieldpay in 2021 as director of operations before being promoted to chief operating officer the following year.