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 […]
Coupa acquires London AI firm Rossum to automate spend management
San Francisco fintech company Coupa has acquired Rossum, a London-based artificial intelligence firm specialising in intelligent document processing. Rossum was established by three university researchers from Prague and previously secured £72 million in funding in 2021. The acquisition is an extension of a partnership formed in 2024 aimed at automating complex invoicing for accounts payable […]
Paymentology brings home £129.3m in investment to support next phase of global expansion
London-based issuer-processor Paymentology has announced an investment of £129.3 million. The funding round was co-led by Apis Partners, a private equity firm specialising in financial services, and Aspirity Partners, a firm focused on financial technology and enterprise services. The capital will be used to support the international growth of Paymentology, enhance its product range and […]
Quantum Motion raises £126 million for silicon quantum computing
London’s Quantum Motion has secured £126 million in a Series C funding round. The investment is intended to support the commercialisation of the company’s method for developing quantum computers that are designed to be both scalable and energy efficient. The firm develops these systems using industry standard silicon transistors, similar to the technology found in […]
Recursive Superintelligence comes out of stealth with £481.3m to develop self-improving AI
Recursive Superintelligence, a London-based AI startup established only months ago, has emerged from stealth after securing over £481.3 million in funding at a £3.44 billion valuation. The investment round was led by GV, the venture capital arm of Google, and Greycroft, with additional backing from chip manufacturers Nvidia and AMD. The company is operating on […]
Corvera lands £3m seed investment to automate consumer goods supply chains
Corvera, an agentic supply chain management platform founded in London, has raised £3 million in Seed funding. The investment is intended to accelerate the expansion of the company and automate end-to-end operational workflows for consumer packaged goods brands. The platform was established to assist consumer brands with workflows that are often manual and fragmented. By […]
Bosch reports annual sales of £3 billion as it prepares for headquarters move to Uxbridge
Bosch has concluded its 2025 fiscal year with consolidated sales of £3.3bn across the UK and Ireland. The region continues to be the fourth largest market for the company globally, following Germany, China, and the US. The firm currently employs more than 6,000 staff members throughout the region. The mobility segment of the business saw […]
Lenovo to establish artificial intelligence research hub at Imperial College London
Lenovo will join the White City Deep Tech Campus at Imperial College London to create a new hub for artificial intelligence innovation. The global technology company is expanding its research and development operations in the UK through this initiative. The new site forms part of the Lenovo AI Technology Centre, which focuses on the deployment […]
Lyft to acquire London’s black cab app, Gett, for expansion in the capital
Lyft has reached an agreement to purchase the UK operations of the taxi platform Gett as part of its expansion in London. Gett currently provides an app that includes 75 per cent of the black cabs in London. The company has established business relationships with various clients, including large corporations, historic venues, and public sector […]
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 […]