In an anticipated move towards more stringent regulation of Artificial Intelligence (AI) technologies, the UK government has announced the introduction of an AI Bill in the King’s Speech. This legislation marks a significant departure from the previous administration’s flexible, principle-based framework, aiming instead for binding regulations that ensure the responsible use of AI. Simon Morris,...
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Zing Dev (Zing) secures £1.25 million Seed Follow On investment from Maven Capital Partners
LONDON, UK — 01.05.24 — Zing, one of the most prolific Twilio consulting partners, has raised an additional £1.25 million from existing shareholders Maven Capital Partners to support its expansion in the United States (US). Headquartered in the United Kingdom (UK), Zing builds exclusively on the Twilio technology stack, helping organizations around the world deliver amazing customer experiences. Through its...
TABBx (TABBit) secures £320K Pre-Seed investment led by Angel Invest
London, United Kingdom – 29 February, 2024, 14:00 GMT – TABBit, a London based fintech startup, making it possible for friends to manage shared expenses via their existing banking apps, has successfully raised £320k to focus on growth and further product development. The investment has been led by the European super-angel fund Angel Invest. Fintech industry veterans such as Dr Andrew...
Purple Dot Technologies secures £7.93 million Series A investment led by OpenOcean
With funding led by OpenOcean, Purple Dot will help brands sell more, store less, and reduce unsold inventory Purple Dot, the pioneering e-commerce pre-order and waitlist platform, today announced the closure of a $10 million (£7.93 million) Series A funding round. The round was led by leading European venture capital firm, OpenOcean, to fuel Purple Dot’s mission of creating a world...
Phlo Technologies (t/a Phlo) secures £9 million Series A Follow On investment led by Par Equity
Phlo have today announced the close of a £9 million funding round, accessing additional investment for their group of businesses amid a challenging investor market. The new capital will power significant scaling of the digital healthcare business, and its evolution from a digital pharmacy innovator into a holistic digital healthcare leader. The raise comes at...
How UK SMBs Can Prepare for 5G Rollout
With many UK businesses prioritising digitisation, a strong network connection is becoming a key driver of the nation’s economy. This is why the UK government has invested £40 million in extending 5G coverage to all populated areas of the nation by 2030. A reliable network connection is arguably most crucial for small and medium businesses....
VoltShare secures £500K Pre-Seed investment Led by SFC Capital
London, UK – VoltShare, a leading provider of electric vehicle (EV) charging solutions designed specifically for the hospitality industry, today announced it has secured £500,000 in growth funding led by SFC Capital with support from London Co-Investment Fund, Bethnal Green Ventures, Copa Ventures and angel investors. The majority of the funding will be used to...
Big Tech feels the heat over AI concerns
For up-to-the-minute news updates, visit our live blog Good evening. Much has been written about the potential of artificial intelligence to transform our working lives and wider society, but the rapidly growing sector is also feeling the heat over competition and its impact on the environment. We report today that Microsoft has given up its...
Climate tech explained: sustainable aviation fuels
An illustration shows a person standing on a step ladder, pouring a green liquid from a bottle into the fuel tank of an airplaneVirtually no human activity is as difficult to decarbonise as flying. Relatively light, energy-dense aviation fuel — or Jet A-1, as the most common type is known — packs vast amounts of...
Climate tech explained: Heat pumps
Some two-thirds of the energy used to heat buildings worldwide still relies on fossil fuels — usually in the form of a gas boiler. Reducing this reliance is a crucial part of the path to net zero. And one key technology for achieving this is the heat pump. Best understood as operating like a fridge...
Portsmouth Tech and Cultural Summit Unveils Speakers’ Roster
Organisers of the forthcoming Portsmouth Tech and Cultural Summit have announced an impressive slate of speakers for the event coming up on August 10, 2024 at the Buckland Community Centre in Portsmouth Hampshire, United Kingdom. Projected to drive meaningful conversations, discussions, and collaborations in technology and cultural endeavours, the event will feature speakers and professionals...
Made in the UK | Silicon UK Tech News
UK manufacturers have demonstrated amazing adaptability during a period of unprecedented disruption, according to a new report published by Protolabs and the Institute of Mechanical Engineers (IMechE). The report, “How Five Years Shaped the Future of UK Manufacturing,” is based on annual surveys of more than 700 UK manufacturing executives and IMechE members over...