Scottish AI search & rescue tech firm Zelim partners with Pulsant for critical infrastructure
AI-powered search and rescue technology provider Zelim, headquartered in Scotland, has agreed a partnership with data and cloud service providers Pulsant, which has offices in Reading and Fareham, and a data centre in South London, to underpin vital infrastructure requirements. With a core vision to deliver the world’s first unmanned search and rescue capability, Zelim […]
UK-Swedish board tech firm expands with acquisition of Toronto’s Competent Boards
Board Intelligence, the largest board technology and advisory firm in the UK and Sweden, with a significant presence in London, has announced its acquisition of Competent Boards, a Toronto-based company. Competent Boards is a globally recognised platform dedicated to the development of board directors and executives. Since its establishment in 2018, the firm has provided […]
£766K funding bump for London AI startup Etiq AI to accelerate ML debugging
Female-founded artificial intelligence startup Etiq AI has successfully raised £766,000 in seed funding, which will be used to scale the company’s newly launched “Data Science Copilot,” a platform designed to dramatically accelerate the often time-consuming processes of debugging and testing machine learning models. As revenues within the data science platform sector are projected to soar […]
DeepMind’s London staff take steps towards unionisation
Workers at Google DeepMind’s London offices are moving towards unionisation with the Communication Workers Union (CWU), raising potential implications for the tech giant’s operations in the capital and the broader sector’s employment landscape. Approximately 300 of the roughly 2,000 UK-based employees, the majority of whom are based in London, have reportedly been involved in discussions […]
London cybersecurity firm, NCC Group, subsidiary in potential £400m deal
A clutch of private equity firms are reportedly eyeing up a key subsidiary of NCC Group, the cybersecurity firm listed on the London Stock Exchange. Montagu Private Equity and Bridgepoint are apparently just two of the PE giants rumoured to be among the buyout specialists considering bids for Escode, a division focused on software escrow […]
Cloud data firm Datatonic buys data engineering specialist Syntio
Datatonic, a London-based cloud data and AI solutions provider, has announced its acquisition of Syntio, a specialist in data engineering. The move is intended to enhance Datatonic’s enterprise service offerings and global delivery capabilities by integrating Syntio’s expertise in data ingestion, transformation, and business intelligence. The combined entity hopes to leverage its expanded capabilities to […]
Software-first startup Isembard lands £6.8M to reshore manufacturing for critical industries
London-based software-first manufacturing company, Isembard, has raised £6.8 million to expand its engineering team, its first factory, and to scale its technology platform. Isembard is pioneering a network of modular, highly automated manufacturing units, powered by its proprietary MasonOS software. The firm was established to reshape manufacturing for critical industries and aims to set a […]
London’s what3words significantly reduced financial losses by cutting job numbers
what3words, the location technology platform backed by ITV, Mercedes-Benz, Channel 4 and Nico Rosberg, has reported a substantial decrease in pre-tax losses for 2024, alongside a doubling of its sales revenue. However, the reduced losses came about as a result of the company, which divides the globe into unique 3×3-metre squares each identified by a […]
Ookla research reveals London trailing behind other UK cities when it comes to 5G broadband
Despite its status as the UK’s economic hub, London is lagging behind other major cities across the country when it comes to mobile network performance, according to new data research released by Ookla. The new report reveals that the capital ranks lowest among key UK urban areas for both 5G download speeds and network consistency. […]
London AI optimisation startup Inephany secures £1.8m funding boost
Inephany, an AI optimisation startup based in the capital, has announced the successful closure of a £1.8 million pre-seed funding round. The investment will be used to accelerate the development of the company’s innovative AI-powered optimisation platform. The platform promises to transform the way neural networks, including Large Language Models (LLMs), are trained and fine-tuned. […]