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 […]
Creative AI tech startup Zero One Creative gains £426k funding
Zero One Creative (01C), a London-based AI creative tech startup, has been given £426,000 in funding, via investment backed by EWOR, a selective fellowship supporting high-growth founders. This marks the first time EWOR has granted its increased sum for traction fellows to 01C. The funding will accelerate the development of AMARA, 01C’s AI-native platform designed […]
Oxford Instruments sells quantum unit to Quantum Design for £60 million
Oxford Instruments has entered into a binding agreement to sell its quantum-focused business, Oxford Instruments NanoScience, to Quantum Design for £60 million. The sale, which is subject to regulatory approvals, is expected to be completed in the third quarter of 2025. Oxford Instruments NanoScience specialises in designing, supplying, and supporting research tools for quantum technologies, […]
Oxford Ionics acquired by US firm IonQ in estimated deal worth £790 million
Oxford Ionics, a UK quantum computing firm, is set to be acquired by NASDAQ-listed IonQ in a deal estimated to be worth £790 million. The purchase will comprise both £790 million in IonQ shares and around £7.3 million in cash. The transaction aims to combine IonQ’s quantum compute, application, and networking stack with Oxford Ionics’ […]
£4M for Oxford University spin-out NavLive to create AI digital twins of buildings
NavLive, a spin-out from the University of Oxford, which create digital twins of buildings using Artificial Intelligence (AI) and LiDAR technology for the construction and infrastructure sectors, has successfully closed a £4 million funding round. NavLive’s innovative handheld scanner is capable of generating high-resolution point clouds and producing floor plans and elevations on-site, eliminating the […]
Oxford Researchers achieve quantum teleportation breakthrough in scalable supercomputer
Scientists at the University of Oxford have achieved a significant milestone in quantum computing by building a scalable quantum supercomputer capable of quantum teleportation. The breakthrough addresses the crucial scalability challenge in quantum computing, with the researchers asserting that their work will pave the way for the next generation of this technology to be realised […]
£1.65M granted to Open Architecture Quantum testbed for Oxford-led consortium
A consortium of leading quantum technology firms, including Oxford firms TreQ and Oxford Ionics, has been awarded a substantial £1.65 million grant from Innovate UK to develop an innovative Open Architecture Quantum (OAQ) testbed. The funding was announced last week by the Secretary of State for Science, Innovation and Technology, Peter Kyle, as part […]
Oxford Quantum Circuits appoints engineering veteran as new chair
Oxford Quantum Circuits (OQC), a quantum computing firm, has announced the appointment of experienced engineering leader Jack Boyer as its new chair. The move comes as the company continues its global expansion and pushes forward with technological advancements. Mr. Boyer, 65, brings a significant track record in scaling deep-tech and engineering businesses to the role. […]
Oxford bus company launches new 500 service connecting key technology hubs
Oxford Bus Company has launched its new 500 service, providing a vital link between Oxford city centre and major employment areas including technology hubs such as ARC Oxford, the MINI plant, and Cowley Retail Park. The service will operate at least four times an hour between 7am and 9.15pm, seven days a week, with frequency […]
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 […]