Against an ever-changing economic backdrop, UK companies have cited employee benefits costs as a pressing challenge, according to Gallagher’s Workforce Trends Report. The report also found that organisations are looking to adapt their benefit strategies to address economic pressures and the diverse needs and expectations of their workforce.
Work AI leader Glean has announced it raised $150 million in Series F financing, bringing its valuation to $7.2 billion.
Multiverse Computing has developed CompactifAI, a compression technology capable of reducing the size of LLMs (Large Language Models) by up to 95% while maintaining model performance. Having spent 2024 developing the technology and rolling it out to initial customers, the company has announced a €189 million ($215 million) investment round.
Diraq and QM Technologies has announced the first-ever tight integration of GPUs and silicon quantum processors with the deployment of a system using the NVIDIA DGX Quantum architecture to achieve real-time communication speeds of 3.3 microseconds between quantum hardware and NVIDIA Grace-Hopper superchips, orchestrated through QM’s OPX1000 hybrid controller.
Perci Health, the UK’s most comprehensive virtual cancer clinic, has successfully raised a total of £7.7 million funding, after closing a new £3 million round, doubling the original £1.5 million target.
Northern Gritstone has announced a commitment to invest £1.8 million into Apini, a small molecule drug development programme being advanced by Syncona’s accelerator Slingshot Therapeutics.
Mobito, a Brussels-based mobility data analytics platform, has secured €1 million in funding to enhance its technology infrastructure and expand its footprint across Europe.
The Founder and Group CEO of AI and data upskilling firm Cambridge Spark has called for all C-suite executives to be sent on AI upskilling courses so that AI strategy can be implemented in every department of every enterprise.
The countdown to the 2025 Hustle Awards is on, and we’re super excited to announce our headline speaker… Stephanie Melodia!
London Tech Week has started, kicking off with some huge announcements. Sir Keir Starmer opened the show with his opening address, in which he announced a further £1 billion in funding to scale up national computing capacity by a factor of twenty. This is part of essential support to the UK’s ambition to lead in the global AI race, and what will make the UK an “AI maker, not an AI taker.”
The annual state of the nation report on UK tech from Tech Nation, part of Founders Forum Group and a UK growth platform and industry body for startups, finds that UK startup founders are raising bigger early-stage funding rounds than ever before and reaching unicorn status faster.
Swiss healthtech Aeon has closed a €8.2 million seed round, as it builds the world’s most advanced platform for early detection and preventive healthcare.
Lendorse, the Berlin-based startup removing financial barriers for driven international students, has raised €1.75 million in a funding round co-led by LUMO Labs and Soulmates Ventures, with participation from PI Impact and angel investor Daniel Naber.
AI-powered fintech, Aibidia, has closed its Series B funding round at $28 million to expand its tax technology operations into the US market.
Latent Technology, the game technology company focused on AI-driven physical animation, has closed an $8 million seed funding round co-led by AlbionVC and Spark Capital.
An Edinburgh Napier University (ENU) student and emerging entrepreneur has secured funding to develop her women’s health app after winning a competitive pitching competition.
A new survey of 200 tech decision makers commissioned by CommsCo PR has revealed that the UK is embracing AI at speed, with a clear sense of its positive impact in the face of global uncertainty. These findings make for positive reading in advance of London Tech Week.
Nordic Foodtech VC, an early-stage investor based in the Nordics, has announced the first closing of its second fund at €40 million. The final target size for the fund is €80 million.
Kumulus Water, the watertech startup that is transforming air into clean drinking water, has successfully raised €3.1 million in seed funding.
Nearly nine in 10 tech business leaders believe hiring and retaining a diverse workforce is vital to driving innovation and growth, new research shows, as the world’s top founders and investors gather in the capital for London Tech Week.
