London startup secures £591,000 to bridge quantum and classical computing
London-based Qoro Quantum has secured £591,000 in a pre-seed funding round to develop software infrastructure for hybrid quantum-classical computing. The round includes backing from Ada Ventures, Superangels Venture Fund, and the Polsky Center for Entrepreneurship and Innovation. Founded in 2024, Qoro Quantum is a deeptech company building software infrastructure for distributed quantum computing. Its platform […]
9fin becomes latest UK unicorn following £130m funding round
The London-based financial technology firm 9fin has achieved unicorn status after raising almost £130,000,000 in Series C funding. Total funding for the company, which operates an AI platform for global debt markets, now exceeds £197,000,000. The capital will be used to expand the firm’s proprietary dataset and support growth in the United States. Founded by […]
Databricks to invest over £600m in the UK to expand AI operations
Databricks has announced plans to invest more than £600,000,000 in the UK over the next three years. The data and AI company will quadruple its London office footprint with a new 137,000-square-foot headquarters which will serve as its new EMEA hub. Databricks currently employs a UK and Ireland team of over 500 people, a figure […]
Former Google executive launches fund to protect European deep tech
London-based Cloudberry Ventures’s Founding Partner, Mahir Sahin, has launched a new £41,500,000 venture fund targeting European deep tech to “move beyond current AI limitations”. Sahin is a former senior Google employee who spent almost 20 years at the company. With CloudBerry Ventures, he has a stated goal of preventing “IP strip-mining” of European technologies by […]
UK tech competitiveness falls to thirteenth place in global rankings
The UK has fallen behind in the global tech race, now ranking 13th for tech competitiveness and trailing countries such as Ireland, Singapore and Australia. A new global index has revealed that not a single G7 nation is in the top 10, signalling a trend for Western economies traditionally viewed as leaders in technology. Despite […]
Manchester facility offers rapid deployment for AI infrastructure for London’s Deep Green
London-headquartered Deep Green has announced AI-ready colocation capacity at its Urmston facility in Manchester that can be deployed within four weeks. The company states this is among the fastest infrastructure deployments for artificial intelligence currently available in the UK. The site provides sovereign, UK-based capacity intended for high-density AI and high-performance computing workloads. The modular […]
SITA integrates passenger location sharing into global baggage recovery system
London-based aviation technology provider SITA has announced the integration of passenger-led location sharing into its WorldTracer system, the primary platform used by the aviation industry to track delayed luggage. The update allows travellers to share the real-time position of their bags via personal tracking devices directly with airline baggage teams to accelerate the recovery process. […]
London autonomous vehicle firm, Wayve, lands major investment of £1.1 billion, for UK launch
Wayve, the self-driving car business preparing to launch robotaxis on UK roads, has raised £1.1 billion from investors including Uber, Microsoft and chip manufacturer Nvidia. The company secured the funding through a round supported by major technology firms, institutional investors and car makers, with Uber providing additional funds to assist with driverless taxi plans. The […]
SolveAI secures £33.25 million in Series A, for software development platform
SolveAI, a London-based platform that allows employees to build compliant enterprise software without writing code, has raised £33.25 million in a Series A funding round. The investment was led by GV, with participation from Northzone, Mantis VC and NeverLift. The company also confirmed a previously undisclosed £3.7 million pre-seed round led by Accel, with contributions […]
SurrealDB lands £17 million Series A, making it the best-funded AI database company ever
The company behind the multi-model database SurrealDB has raised a further £17 million in Series A funding. This brings the total investment in the firm to date to approximately £32.56 million. This latest extension includes participation from Chalfen Ventures and Begin Capital, who join existing investors FirstMark and Georgian. As part of the agreement, Mike […]