From UK Tech News
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Podcast: What does the future of flexible working look like? – Flexa's Molly Johnson-Jones
This week’s UKTN Podcast guest is Flexa CEO and co-founder Molly Johnson-Jones, who discusses the future of flexible working, how companies can “turn hiring into marketing” and why she thinks some corporate CEOs are using flexible working as a scapegoat for innovation failures. Flexa is a careers platform that aggregates a company’s workplace benefits […]
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Getir confirms UK exit in latest rapid grocery delivery startup retreat
Turkish rapid grocery delivery startup Getir will exit the UK and several other markets as part of a major restructuring of the business. The company confirmed on Monday it is pulling out of the UK, Germany, the Netherlands and the US. Rumours of the firm’s UK exit were reported earlier this month. The Getir-owned US […]
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Accredit Solutions scores £10m for event security software
London-based event accreditation software provider Accredit Solutions has received a £10m investment from Gresham House Ventures. Founded in 2017, Accredit Solutions works with event organisers by providing software to assess the security risks of incoming personnel. Specialising in sports – having worked with the likes of the Premier League, NFL and NBA – Accredit collects […]
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Microsoft UK profits soar as it adds 600 staff amid AI boom
Microsoft’s UK business reported a profit surge last year after the group boosted its revenues to £8.4bn, up from £6.3bn the year prior. The UK entity of the US tech giant cited extra demand for its cloud services as driving the 33% increase in turnover, financial filings show. For the year ended 30 June 2023, […]
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Wales tech roundup: Peppercorn picks up funding, strong appetite for AI reskilling
The rise of artificial intelligence is often met with mixed emotions. While many fear that this powerful technology will replace their jobs, some see it as an opportunity to reskill and embark on an exciting new career path. It seems that the people of Wales are in the latter camp. New research from the Robert […]
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The rise of Birmingham’s tech hub
As the UK’s second-largest city, it shouldn’t be a surprise that Birmingham is one of the UK’s most significant tech and business hubs, home to more than 2,000 tech startups and more than 6,000 tech businesses overall. In fact, the tech sector in the West Midlands was named the fastest growing in the UK […]
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Deadline to apply for startup chip funding on the horizon
The tech minister is urging semiconductor leaders to apply for funding through the soon-to-expire Chips Joint Undertaking. UK semiconductor companies and researchers are currently eligible to apply for access to a £5m funding pot for research. British firms gained access to the funding in March when the Department for Science, Innovation and Technology (DSIT) announced […]
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West Midlands tech ecosystem gets £1m boost
The West Midlands tech ecosystem is set to benefit from a £1m investment across sectors including AI, green tech and digital skills. The funding will be deployed across five projects aimed at accelerating the growth of the tech industry in the region. Of the £1m, £200,000 from RBC Brewin Dolphin will go towards investor engagement, […]
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Bitdefender launches venture unit to back cyber startups
Romania-headquartered cybersecurity company Bitdefender is launching a venture division to invest in early-stage cyber and AI startups. Bitdefender Voyager Ventures (BVV) will back startups at the seed or Series A stage, acting as either a lead or co-investor. A representative for Bitdefender told UKTN that BVV will have a “global mandate but with an emphasis […]
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British Patient Capital commits £40.6m to cybersecurity fund
British Patient Capital, a venture capital investment subsidiary of the UK government-owned British Business Bank, has committed £40.6m to a new cybersecurity fund. The Sheffield-based investor will supply the funds to the Evolution Technology Fund III, the third iteration of Evolution Equity Partner’s enterprise software and cybersecurity fund. Previous investments from Evolution funds included Quantexa, […]
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Blue Skies Space gears up for satellite launch backed by £2m
London-based Blue Skies Space has raised £2m in a funding round to support the launch of its new data analytics satellite. The company specialises in gathering scientific data through space technology. Blue Skies Space is currently working towards the launch of Mauve a satellite equipped with sensors to measure ultraviolet wavelength in stars. Monitoring this activity […]
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Cambridge drug discovery firm CN Bio raises £17m
Cambridge-based drug discovery company CN Bio has closed a $21m (£17m) Series B funding round to develop technology that it says eliminates the need for animal testing. The company specialises in organ-on-chip (OOC) technology, a process in which engineered or natural tissues are grown inside chips to mimic human physiology. CN Bio uses OOC tech […]