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.
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.
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.
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.
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 countdown to the 2025 Hustle Awards is on, and we’re super excited to announce our headline speaker… Stephanie Melodia!
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.
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.
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.
The UK economy could be boosted by a wave of ‘green growth’ led by Britain’s small and medium sized businesses, according to the final report from the independent, Government-backed Willow Review which highlights the economic case for going green. The Review found many SMEs embracing sustainability are benefitting from considerable financial gains.
Startups that secure venture capital (VC) funding exclusively from abroad risk devaluing their startup, according to new research by emlyon business school.
Kumulus Water, the watertech startup that is transforming air into clean drinking water, has successfully raised €3.1 million in seed funding.
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.
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.
Spain is solidifying its position as one of Europe’s most vibrant startup ecosystems. According to the 2025 National Tech Companies Report by Ecosistema Startup, the country now has 8,580 active tech companies, a 22% increase from the previous year. Of these, 5,010 are startups, representing a sharp 38% year-on-year growth.
