London AI startup’s £440K grant to scale up investment management and operations
London-based startup, AlphaLoops, has been awarded a £440,000 UK Smart Grant from Innovate UK, part of UK Research and Innovation, to scale its AI-powered operating system for investment firms. The grant, awarded to only 2% of applicants, will enable AlphaLoops to further develop its AI agents, designed to automate key investment management processes. The startup […]
UK leads the way in AI cybersecurity, but OnSecurity report finds regional disparity persists
London dominates the UK’s cybersecurity landscape, particularly in AI, according to a new analysis of government data by Bristol-based OnSecurity. The report, based on the “AI and Software cybersecurity market analysis report” from the Government website, reveals the UK as a global leader in AI cybersecurity, but highlights a significant geographical concentration of expertise. The […]
ImmuniWeb unveils free website security and privacy certification programme from London hub
ImmuniWeb, a global application security company with offices in the heart of London, is launching a transformative initiative for UK businesses with its free Website Security and Privacy Certification Programme. The ImmuniWeb® Community Edition, which has notched up over 380 million successful scans since 2019, now offers PDF certificates and digital badges to websites achieving […]
FREENOW Appoints Danny O’Gorman as UK General Manager Amid Black Cab Decline
London taxi app FREENOW has announced the appointment of Danny O’Gorman as its new general manager for the UK market. O’Gorman will oversee the company’s operations nationwide, with a key focus on supporting and strengthening London’s black cab trade and expanding taxi services in key UK cities. O’Gorman’s primary focus will be on increasing […]
London Universities forge new partnership to boost spinout investment
London universities, renowned for their prolific production of spinout companies, are intensifying efforts to secure investment through a new partnership with venture capital fund AlbionVC. Unlike Oxford and Cambridge, London has lacked a single, dedicated organisation to promote spinout investment, a gap this collaboration aims to fill. AlbionVC, an investor in early-stage healthcare and deep […]
Met Police to install permanent live facial recognition cameras in Croydon
The Metropolitan Police has confirmed its first permanent installation of live facial recognition (LFR) cameras is coming this summer, with Croydon in South London selected as the location. Two cameras will be installed in the town centre, attached to buildings and lampposts on North End and London Road, in an effort to combat crime. […]
Bytes Technology shares surge off the back of strong AI and software demand
Shares in Surrey-based IT supplier, Bytes Technology, experienced a significant jump, rising by as much as 15% in early London trading, fuelled by “high demand” for its software and artificial intelligence products. The company announced that its gross invoiced income had surpassed £2bn for the first time in the 12 months leading up to the […]
Govt pledge of £23m for telecoms research to boost AI and cloud connectivity
The UK Government has announced a £23 million investment in telecoms research and development, aimed at strengthening connectivity across key industries including meeting growing AI and cloud computing demands. The funding, part of Secretary of State for Science, Innovation and Technology Peter Kyle’s plans to accelerate the implementation of next-generation telecoms technologies, will be confirmed […]
Secure network firm Cloud Gateway secures £1.5m investment and new CEO
Cloud Gateway, a leading provider of secure network connectivity solutions based in London, has announced a £1.5 million investment to accelerate its transition into the rapidly expanding Network-as-a-Service (NaaS) market. This milestone is set to bolster the company’s growth and commitment to delivering robust enterprise network solutions across the public and private sectors. Alongside the […]
Quantexa secures £137m Series F investment, reaching £2bn valuation
Quantexa, a London-based decision intelligence company, has completed a $175m (£137m) Series F funding round, led by Teachers’ Venture Growth (TVG). The latest investment values the company at $2.6bn (£2bn) and will support its continued expansion and technology development. The funding round was led by TVG, part of the Ontario Teachers’ Pension Plan, with participation […]