UK Tech News (UKTN)

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Hammer Missions secures funding to accelerate AI development

6 days ago | uktech.news | Jessica Nangle

AI company Hammer Missions has raised £1.4m in new funding to accelerate its AI technology development and strategic expansion into North America. The firm, which provides a technology solution for the inspection of built structures, secured the funding from UK-based venture capital fund ACF Investors and angel investors such as GeoSLAM’s Graham Hunter and Atkins’ Martin Grant.
Recruitment startup Vizzy scores £3.65m seed round

1 week ago | uktech.news | Oscar Hornstein

Vizzy, a London-based recruitment startup looking to disrupt traditional CVs, has raised a £3.65m seed round. Launched in 2023, the startup describes itself as a “talent platform”, with which job candidates can create CVs more reflective of their future potential and ambition. Vizzy was co-founded by Joe Woodward and Jess and Chris Woodward-Jones, inspired by a personal experience of losing work during the pandemic.
Alphawave unable to give 2025 guidance amid tariff uncertainty

1 week ago | uktech.news | Oscar Hornstein

Semiconductor group Alphawave is foregoing guidance for its 2025 results amid tariff-fuelled uncertainty as it posts a loss for last year. The London-listed group said in its results for the year ended December 2024 that “due to current global economic uncertainty and the rapidly developing nature of the recently imposed tariff regimes, we are not in a position to provide guidance for 2025 or beyond”.
Strava acquires UK fitness startup Runna

1 week ago | uktech.news | Oscar Hornstein

Popular US fitness app Strava has snapped up Runna, a London-based coaching startup backed by Olympic athletes. Strava entered into a definitive agreement to acquire Runna on Thursday with the goal of creating the world’s biggest fitness app – figures from Statista rank Strava second in the world by revenue, behind MyFitnessPal.
AI in healthcare must not leave disabled Britons behind, survey warns

1 week ago | uktech.news | Oscar Hornstein

Disabled Britons have warned the incorporation of AI into healthcare could result in efficiency being prioritised over quality human support. According to a survey of 2,000 UK adults from health tech consultancy nuom, around two-thirds of respondents with physical or mental disabilities expressed concern over the increased automation of care. Among their other concerns was that advances in AI healthcare would exclude individuals less able to effectively use new technology.
Checkout.com lands major payments deal with eBay

1 week ago | uktech.news | Oscar Hornstein

Checkout.com has struck a deal to provide payments services to ecommerce giant eBay as the London fintech eyes profitability this year. The strategic partnership will see Checkout.com provide payment infrastructure services across 190 markets. “eBay is an iconic global commerce leader which continues to push the boundaries of digital commerce,” said Checkout.com CEO Guillaume Pousaz.
AI power demand fuels Nyobolt turnaround as the firm raises £22.6m

1 week ago | uktech.news | Oscar Hornstein

Cambridge-based fast-charging battery firm Nyobolt has secured $30m (£22.6m) in fresh funding months after warning new investment would be needed to keep operating. Though the company warned in January that it was at risk of running out of funds in early 2025 in its most recent financial accounts, Nyobolt said it saw significant opportunity in the growing power-intensive sectors of AI and data centres.
Aviva backs Revolut investor Lakestar's latest fund with £10m

1 week ago | uktech.news | Oscar Hornstein

Aviva Investors has added €11.4m (£9.8m) to Revolut backer Lakestar’s latest venture capital fund. The London-based investment arm of the insurance giant has backed the Lakestar Growth Fund II, which will target deep tech, healthcare, fintech and digitalisation firms at the growth stage. The new fund has already begun deploying capital, with recent investments including patient health examination startup Neko and low-cost satellite solutions group Isar Aerospace.
AI startup founded by ex-Apple engineer raises £1.7m to optimise LLM training

1 week ago | uktech.news | Oscar Hornstein

Inephany, an “AI optimisation” startup founded by former Apple Siri engineer John Torr, has raised $2.2m (£1.7m) with the promise of lowering the costs of LLM training. As AI developers look to make grander and more powerful tools, R&D costs will likely act as a major barrier. OpenAI’s GPT-4 cost something in the range of $60m to $100m and Anthropic CEO Dario Amodei previously claimed the highest end models could cost closer to $1bn.
Embedded agent startup Mindset AI raises £4.3m to expand to US

1 week ago | uktech.news | Oscar Hornstein

Embedded agent platform Mindset AI has raised £4.3m to fuel an expansion into the US. Founded in 2019, the company works with software businesses to integrate AI agents into operations and product lines. Currently worth an estimated $5.1bn, analysts have projected the AI agent market to be as valuable as $47.1bn globally by 2030 as more and more services embed pre-built chatbots.