As the old saying goes, necessity is the mother of invention, and we are certainly seeing that play out now with the rocketing rise of side hustles in the UK. Economic and political uncertainty, higher interest rates, and rising taxes have all meant more people than ever before want to start their own business or are exploring other ways to make extra income.

Ampd Energy, a global energy industry innovator and manufacturer of the Enertainer and Ampd Silo battery energy storage systems (ESS) for heavy industries, has announced that it has raised $27.3 million in an oversubscribed Series B funding round.

While UK inflation has notably declined over the past year, the sharp rise in the cost of living in previous years continues to impact individuals and businesses. As a result, salary budgeting for 2025 might be a challenging task for companies. To provide a helpful resource for next year’s salary budgeting process, UK-based pay and reward consultancy 3R Strategy has now launched its 4th Global Salary Planning Report.

Dmytro Kudrenko, the Founder and CEO of Stripo, began his software development journey 25 years ago with friends. Around 15 years ago, they introduced a customer data platform with an embedded email template editor.

Broswarm, a defence tech startup specialising on mine detection, has secured €800,000 in funding from ScaleWolf, a hybrid accelerator and fund for defence tech. This funding will accelerate the development of Broswarm’s proprietary X-Ray Eagle sensor, which enhances mine detection by providing clear, 3D visualisations from up to 10 metres above ground.

Starting a business involves many important decisions, and for sectors like tech, manufacturing, or food production, selecting the right industrial cooling system is one of them.

iFAST Diagnostics, a UK diagnostics company, has announced the successful close of its $6.5 million (£5 million) seed round.

Zyxel Networks, a company in delivering secure and cloud-powered networking solutions, is launching its new XGS1935 series of Lite-L3 smart managed switches to meet the growing connectivity and sustainability needs of small businesses.

Business leaders forecast massive gains from AI but are delaying implementation due to the ‘ambiguity trap’ created by a changing and fragmented legal and regulatory landscape.

Cambridge Future Tech has entered into a relationship with Nokia Bell Labs and Nokia Ventures & Partnerships, to establish OmniBuds, for the commercialisation of Nokia Bell Labs OmniBuds platform, the world’s first ear-worn AI/ML computing platform designed to monitor vital signs, including heart and respiration rates, as well as users’ physical activities and audio experiences. This device is poised to revolutionise the health and wellness industry by providing continuous, real-time insights to care providers and enhancing patient care. 

Yazen Health, the healthcare platform dedicated to combating obesity with modern weight loss medication and lifestyle changes, announced today the successful closing of an oversubscribed €19.5 million Series A funding round. With this funding, the company strengthens its position as a pioneer in obesity treatment and sets its sights on international expansion.

OptimallyMe, an innovative health optimisation startup, has secured investment from The Players Fund, the UK’s first athlete-led venture capital firm.

Helsinki is currently one of the most prominent hotspots for deeptech innovation. Whether it’s deeptech startups operating in the city or the innovative developments happening within larger organisations, Helsinki has become synonymous with deeptech expertise.

There’s no doubt that Augmented Reality (AR) is one of the most exciting developments in digital advertising for a long time. Clever, catchy, shareable lenses and AR filters can propel brands into people’s consciousness as users engage with fun creatives and then share their creations with friends and family. 

Kuberno, the global legal entity management SaaS provider, has closed on an additional £6 million of financing from Nasdaq Ventures and Barclays, concluding its Series A round with £9.5 million of total capital raised.