Wayve signs UK Government deal, following £1.11 billion funding round
A partnership intended to position the UK at the forefront of self-driving vehicle technology has been signed by the Government with Wayve. Originally established in Cambridge and now headquartered in London, the company recently revealed new funding of potentially more than £1.11 billion, which gave the business a valuation of £6.66 billion. The new Memorandum […]
Nyobolt reaches unicorn status following new investment round
Nyobolt, a firm specialising in high-power ultrafast charging technology based in Cambridge, has achieved a valuation of £787 million following a recent funding round. The company had previously indicated in early January 2025 that it might exhaust its financial resources by the end of the first quarter of 2025 without new capital. This latest Series […]
Meta and Microsoft to reduce workforce amid artificial intelligence investment
Meta and Microsoft, which both have UK bases in London, have disclosed plans to reduce their headcounts by several thousand positions as the organisations increase investment in artificial intelligence to support future growth. Meta, the parent company of Facebook and Instagram, intends to cut approximately 8,000 jobs, representing 10 per cent of its staff, to […]
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 […]
Cambridge cybersecurity provider, Darktrace, appoints new CEO, Ed Jennings
Cybersecurity provider Darktrace has appointed Ed Jennings as president and chief executive officer, with his role commencing on 23 March. He brings more than 20 years of leadership experience within the technology sector to the position. Before his appointment at Darktrace, Jennings served for five years as chief executive of the operations platform Quickbase. His […]
Oscar-winning Cambridge audio pioneer CEDAR Audio moves to employee ownership
CEDAR Audio, the Cambridge-based world leader in audio restoration and noise reduction, has transitioned to an employee-owned model. The company, which holds both an Academy Award and an Emmy for its ground-breaking technical achievements, has handed control to its staff through an Employee Ownership Trust (EOT). Founded in 1988 as a spin-out from the University […]
50% more new tech companies chose the UK as home in 2025, compared to 2020
The number of new technology companies established in the UK increased by almost 50 per cent in 2025 compared to five years ago, according to figures from consulting firm RSM UK, which is headquartered in London, and has offices in Gatwick, Cambridge, Chelmsford, Ipswich, Reading, and Southampton. Last year, there were 56,615 new technology incorporations, […]
Geospatial data firm 1Spatial set for £87 million takeover
Listed data management company 1Spatial is expected to be taken into private ownership following an £87 million cash deal. The board of the Cambridge-based company is recommending that shareholders approve a takeover by VertiGIS, a provider of geographic information systems based in London. The offer of 73 pence per share represents a 57% premium to […]
London’s Firgun Ventures launches with circa £53.4M for growth-stage quantum tech investments
Firgun Ventures, a new quantum-first venture capital firm based in London, has launched with a first close of £53.4 million. The firm is focused on early growth-stage investments in quantum technology. The fund is aiming for a final size of £190.7 million and will concentrate on Series A and B start-ups that are developing quantum […]
Government commits £15 million to Cambridge Innovation Hub
The Cambridge Innovation Hub is set to receive at least £15 million in government funding to support the city’s position in global innovation. The Hub will assist entrepreneurs, investors, corporations, and researchers at a central Cambridge location, aiming to be the United Kingdom’s equivalent to Boston’s Lab Central. The new facility will support science start-ups, […]