London’s Cinven nears £789m acquisition of French AI and data consulting firm, Artefact
London-based Cinven has entered into exclusive negotiations to acquire Artefact, a French company specialising in data and artificial intelligence (AI) consulting. The deal is subject to regulatory approvals. While specific financial details were not disclosed, sources familiar with the matter suggest the acquisition could value Artefact at approximately £789 million. Artefact, headquartered in Paris, provides […]
DynaRisk’s £3.7m investment will be used to fuel global cyber risk expansion
London-based cyber risk management firm DynaRisk landed £3.7 million to accelerate its product innovation and drive international expansion. Founded in 2016 by Andrew Martin, an ex-banking cybersecurity specialist and self-taught hacker, DynaRisk was established to address a critical gap in the insurance industry. Mr Martin recognised the need for more accessible tools and data to […]
Zenobē gets £278m in debt financing for European EV fleet progression
London’s Zenobē, a specialist in fleet electrification and battery storage, with depots in Battersea and Southall, has successfully landed £278 million in debt financing from a syndicate of seven international banks. This capital injection is set to accelerate the expansion of its electric vehicle (EV) fleet-as-a-service offering across Europe. Founded by Nicholas Beatty and Steven […]
Forescout unveils solution to combat quantum computing threats
Cybersecurity firm Forescout, which has a UK base in London, has launched a solution capable of detecting non-quantum-safe encryption in real time. This breakthrough is poised to secure enterprise infrastructure in anticipation of the rapidly approaching quantum computing era. The advancement forms the cornerstone of Forescout’s “Quantum-Safe Security Assurance” strategy, designed to identify, assess, and […]
IBM targets £3.5bn internal savings through AI initiatives in new mainframe OS release
IBM anticipates achieving £3.5 billion in internal savings by scaling its artificial intelligence (AI) initiatives, a programme that Arvind Krishna, IBM’s chairman, president, and chief executive officer, refers to as a “flywheel for growth and margin expansion.” In prepared remarks for IBM’s second-quarter 2025 earnings call, Mr Krishna stated that the business had already realised […]
Space surveillance company, Spaceflux, lands £5.4m in funding for global expansion plans
London-based Spaceflux, a British space surveillance company established three years ago, is set to announce a £5.4 million fundraising round this week. The capital injection will facilitate the expansion of its global network of advanced telescopes. The funding round was led by the UK Innovation & Science Seed Fund (UKI2S), managed by Future Planet Capital, […]
AI specialist CloudWize expands leadership team to target £9 million revenue
Emerging AI specialist CloudWize, based in London, has announced a new leadership team as the company sets its sights on achieving a revenue target of £9 million over the next three years. This strategic move follows the company’s impressive growth to £3.2 million in its first 18 months. The new hires include three experienced professionals […]
German AI firm investing £30.3m in UK expansion, creating 150 new jobs
Goldman Sachs-backed German AI company, osapiens, is set to expand its UK operations, via its London office, with plans to invest €35 million, equivalent to approximately £30.3 million, in the region. The firm, which specialises in AI solutions for sustainable growth, has announced its intention to create more than 150 new high-skilled jobs in Britain, […]
London AI firm Xelix lands £126 Million in Series B funding
London-based Xelix, an agentic AI software company specialising in Accounts Payable (AP), has successfully completed a Series B funding round, securing £126 million. The round was led by New York-based software investor Insight Partners, with continued investment from existing backers Passion Capital and LocalGlobe. The substantial funding will enableXelix to accelerate its platform development and […]
OpenAI and UK government sign deal amidst productivity push
The UK government has announced a strategic partnership with OpenAI, the company behind ChatGPT, aiming to use artificial intelligence (AI) to enhance productivity within the nation’s public services. The agreement, signed by OpenAI and the Department for Science, Innovation and Technology, could grant the AI firm access to government data and see its software deployed […]