Innerworks secures £3.19m to expand AI-powered fraud detection platform
Innerworks, a London-based cybersecurity startup that specialises in Synthetic Threat Intelligence, has announced a £3.19 million seed funding round to expand its AI-powered fraud detection platform. Founded by Oliver Quie (CEO), Oscar Hayek (CTO), and Tom Ryan (Chief Product Officer), Innerworks has developed a security platform capable of identifying AI-generated synthetic interactions with a 97% […]
Global entrepreneurs raise £2.44m for London AI startup, Archestra
A group of entrepreneurs who moved from across the world to launch a business in the UK have raised £2.44 million for their AI startup, Archestra. The founding team of Matvey Kukuy (CEO), Ildar Iskhakov (CTO), and engineer Joey Orlando moved from Singapore, Israel, and Canada respectively to establish the company in the UK. Mr […]
Lack of trust hinders AI Agent adoption in UK workplaces
Less than a third of UK workers are comfortable being managed by an AI Agent, according to new research shared exclusively with London business newspaper, City AM. A study from Workday found that over three-quarters of UK organisations are in the process of implementing AI Agents in everyday management functions. This includes 40% who are […]
CityFibre gets £2.3bn financing to accelerate UK full fibre rollout
CityFibre, the UK’s largest independent full fibre platform registered in London, has reached an agreement with its shareholders and existing lenders for a significant £2.3 billion financing round. This funding is designed to accelerate the company’s next phase of growth. The financing includes £500 million in new equity from existing CityFibre shareholders, highlighting their continued […]
London’s Software Circle acquires Dublin-based AIF in deal worth up to £7.65m
Software Circle, a London-listed software investment firm which has offices in Exeter, Quinton, Bristol and Manchester, has acquired a majority stake in Dublin-based mortgage and life insurance technology provider Artificial Intelligence Finance (AIF) in a transaction valued at up to £7.65 million. The deal sees Software Circle take a 95% shareholding in AIF for an […]
DEX firm Lakeside Software appoints new COO to support growth
Lakeside Software has appointed Daniel Salinas as its new Chief Operating Officer (COO). He will oversee Sales, Customer Support, Customer Success, and Business Development as the company continues to expand its DEX (Digital Employee Experience) and DEM (Digital Experience Monitoring) platforms. DEX refers to the end-to-end experience an employee has with digital systems, applications and […]
Standard Chartered partners with Alibaba to drive AI adoption in finance
London’s Standard Chartered has formed a strategic partnership with Alibaba Group to accelerate the use of artificial intelligence across the financial services sector. The collaboration follows a period of positive financial results for the bank. The agreement will see the international banking group work with Alibaba Cloud, the digital technology arm of the China-based Alibaba […]
Lift Global Ventures appoints new directors and targets AI investment
Lift Global Ventures, a London-based listed investment company founded by stock market commentator Zak Mir, has announced the appointment of two new highly experienced directors and a strategic shift towards investing in the artificial intelligence (AI) sector. David Richards MBE has joined the company as its non-executive chairman, while Mark Horrocks has been appointed as […]
Self-driving AI startup Wayve doubles headcount amid massive boosts and tests globally
Wayve, the London-headquartered AI self-driving startup, has seen its workforce more than double in the past 12 months, growing to approximately 650 employees. This significant increase in headcount comes as the company expands its operations into new international markets. While some European tech firms are curbing hiring due to surging AI demands, Wayve is actively […]
TfL appoints Plexal as Innovation Partner to drive new startup technologies
Transport for London (TfL) has appointed Plexal, a London-based innovation company, as its Innovation Operation Supplier under a new multi-year partnership. The collaboration aims to equip TfL’s innovation team with essential insights and resources to accelerate the development and adoption of new technologies from start-ups. Plexal will lead a consortium that includes tech consultancy Sopra […]