Wayve establishes testing hub in Germany
Autonomous driving company Wayve has expanded into Germany by launching an on-road testing and development hub in Baden-Württemberg. This move includes deploying a new fleet of test vehicles in the Stuttgart region. Germany’s diverse driving environments, from high-speed Autobahns to complex urban settings and winter conditions, offer an ideal setting to refine and validate […]
Pinewood Technologies raises £35.7M to acquire Seez
Pinewood Technologies, the London-listed automotive software company formerly known as Pendragon, has raised £35.7 million through a heavily oversubscribed equity offering. The company said the funds will be used to acquire Seez, an AI and machine learning-powered automotive software-as-a-service (SaaS) platform, and to invest further in its development pipeline. The offering, which the company described […]
Luminance secures £60M funding to fuel global expansion
London-based legal AI company Luminance has raised £60 million in a Series C funding round to expand its operations across the USA, Europe, and the Asia-Pacific region. This investment brings the total raised by the company in the past year alone to over £90 million. Developed by AI experts from the University of Cambridge, Luminance […]
Romanian cybersecurity firm Decalex Digital launches UK office in London
Amidst a surge in cyber threats and growing business concerns surrounding emerging technologies and GenAI, Romanian company Decalex Digital has expanded its operations with the launch of its UK office in London. The company recently held its inaugural “CyberBreakfast by Decalex Digital” event in London where executives, decision-makers, and cybersecurity experts from leading international firms […]
London reigns supreme as Europe’s tech unicorn capital
London Reigns Supreme as Europe’s Unicorn Capital London has cemented its position as Europe’s leading hub for tech unicorns, boasting nearly 50 startups valued at over £800 million, according to new research by Hurun. The survey ranks London fifth globally, trailing only San Francisco, New York, Shanghai, and Beijing. Of the 137 British companies featured […]
London finance jobs boom amidst national decline
London’s finance sector is bucking the national trend, experiencing a 7% surge in professional vacancies in 2024, according to the ‘Year in Review 2024’ report from Morgan McKinley and Vacancysoft. This contrasts sharply with a 4% decline in finance vacancies across the UK as a whole. While Greater London saw a 7.1% increase, other regions […]
London EdTech firm HowNow secures £7.5M in Series A extension
London-headquartered learning and skills platform HowNow has announced a £3.5 million extension to its Series A funding round, bringing the total to £7.5 million. This follows an initial £4 million investment from Mercia Ventures and FTSE 100 education firm Pearson in February 2023. Fuel Ventures also participated in this latest round. HowNow’s total funding now […]
West London council targeted by 20,000 cyber attacks daily
A West London council has revealed it is hit by around 20,000 attempted cyber attacks every day. Hammersmith and Fulham Council says it has applied ‘aggressive anti-phishing and anti-spam policies and enhanced firewall rules that block suspicious traffic’ to combat the attempted attacks. It is understood the 20,000-daily figure is not an unusual rate for […]
Broadband speeds 20x faster than current UK services achieved in field test
London telecoms firm Openreach and Nokia, which has UK offices in Bristol, Reading and Cambridge, have announced a successful field test of new technology capable of delivering broadband speeds 20 times faster than the quickest services currently available in the UK. The trial, conducted at a residential property in Ipswich, saw the new technology achieve […]
Leidos lands NHS Supply Chain cybersecurity contract
NHS Supply Chain, which supports patient care across England and Wales by providing access to high-quality, cost-effective medical products, services and food has selected USA’s Leidos as cybersecurity partner. Leidos was selected to strengthen the organisation’s cybersecurity defences, helping NHS Supply Chain to continue sourcing, delivering and supplying essential healthcare goods to the NHS. The […]