HealthTech start-up expands seed funding to £20m+
London-based Laverock Therapeutics, a HealthTech start-up focused on developing disease-responsive advanced therapies through gene control, has announced the expansion of its seed funding round, bringing the total raised to more than £20.1 million. The latest investment round was led by Calculus Capital, with continued participation from existing investors Eli Lilly and Company, Mercia Ventures, Eos […]
Microsoft confirms 9,000 job cuts in latest wave of redundancies
Microsoft has announced it will lay off as many as 9,000 workers in its latest round of global job cuts this year. The technology giant confirmed that several divisions would be affected, though it did not specify which ones. However, reports suggest that its Xbox video gaming unit will be significantly impacted. While it’s not […]
Government plans to ‘supercharge’ UK cyber sector with millions in investment
The UK’s expanding cybersecurity sector is set to receive a significant boost with millions in new investment and a fresh Cyber Growth Action Plan, as part of the government’s wider ‘Plan for Change’. The announcement outlined a new roadmap for the UK’s thriving cyber industry, which already generates £13.2 billion in annual revenue and supported […]
Lord Mayor launches ‘Scale Up Showcase’ to boost UK tech investment
The Lord Mayor of London, Alastair King, launched a ‘Scale Up Showcase’ at Mansion House on 30 June that was designed to increase investment into the UK’s rapidly expanding tech start-ups. In collaboration with the Worshipful Company of Information Technologists (WCIT), the event connected some of the country’s leading scale-up tech firms with prominent UK […]
London AI start-up Metaview lands £25m funding to further develop suite of AI agents
London-based AI-powered start-up, Metaview, which was founded by former Uber and Palantir executives, has secured £25 million in funding to further develop its suite of AI agents. Founded by ex-product and engineering leaders Siadhal Magos and Shahriar Tajbakhsh, the business aims to provide high-quality insights for hiring teams, and already boasts a client list that […]
Another director quits David Beckham-backed firm Cel AI
Cell AI, a London-headquartered company that was once backed by football legend David Beckham has seen its finance chief and a non-executive director resign, continuing a period of upheaval since its listing. Finance chief Nicholas Lyth and non-executive director Matt Lodge both took part in a subscription for new shares in Cel AI Plc just […]
Cambridge Enterprise opens first London office, in King’s Cross
Cambridge Enterprise, the tech transfer office for the University of Cambridge, is set to open its first-ever London office, in King’s Cross. The move is a strategic bid to strengthen collaborations and expand its influence among global investors and innovators, with the King’s Cross location prime, placing Cambridge Enterprise right next to the European headquarters […]
London’s elyndra to make key hires and continue AI drive in social care thanks to £1.1m fund
elyndra, a London-based company working on improving the social care sector with its AI-powered platform, has successfully raised £1.1 million in a funding round led by Outward VC. The investment will be used to make key appointments and accelerate the development of its technology, which is designed to optimise care processes and improve outcomes for […]
Norwegian software giant Visma to float in London early next year
In a big victory for the UK’s stock market, Norwegian private equity-backed software giant Visma has picked London over Amsterdam as the location for its upcoming initial public offering (IPO), slated for early next year. The move is a boost for the city’s stock market, which has seen a lack of new listings and several […]
Worldcoin, Sam Altman’s bio ID project, debuted in London
World, the ambitious biometric identity verification project co-founded by OpenAI CEO Sam Altman and formerly known as Worldcoin, made its debut in the UK this month. The venture, which uses a distinctive spherical eye-scanning device known as the Orb, which distinguishes between real people and AI bots, helping to verify who is human online, is […]