United Kingdom

The latest startup and technology news coming out of the United Kingdom.

The U.K.’s internet regulator Ofcom has published an open letter to social media platforms raising concerns about the use of their tools being used to incite violence.

UK’s internet regulator warns social media platforms over risks of inciting violence

The company also said it has received regulatory clearance to start Phase 2 clinical trials for a new drug in the U.S. later this year.

Healx, an AI-enabled drug discovery platform for rare diseases, raises $47M

Axle Energy is a B2B, back-end infrastructure business focused on connecting flexible assets, such as electric vehicles and home batteries, to energy markets that aren’t otherwise available for consumers to…

Axle Energy’s sprint to decarbonize the grid lights up with $9M seed led by Accel

This is a significant milestone for the London-based fintech company, particularly since it has been trying to secure this license since 2021.

Revolut receives long-awaited UK banking license

Google is no longer proposing to deprecate third-party tracking cookies in Chrome, instead suggesting that users be given an option to deny tracking.

Google’s latest Privacy Sandbox gambit could pit user choice against tracking

An English school has been reprimanded by U.K. regulators after it used facial recognition technology without getting opt-in consent from students.

UK school reprimanded for unlawful use of facial-recognition technology

The Korean tech giant is acquiring Oxford Semantic Technologies, a U.K.-based knowledge graph startup that has built an AI reasoning engine.

Samsung to acquire UK-based knowledge graph startup Oxford Semantic Technologies

There had been rumors the U.K.’s shiny new-in-post Labour government would commit to introducing a dedicated artificial intelligence bill on Wednesday as it unveiled its full legislation program amid the…

On AI, new UK gov’t to work on ‘appropriate’ rules for ‘most powerful’ models and beef up product safety powers

Meet Adfin, a new U.K.-based fintech startup that wants to help companies get their invoices paid — whatever it takes. Founded by two fintech experts, the company is starting with…

Adfin wants to fix bill payments for sole traders and small companies

After announcing a whopping $20 million seed last year, Unlikely AI founder William Tunstall-Pedoe has kept the budding U.K. foundation model maker’s approach under lock and key. Until now: TechCrunch…

Alexa co-creator gives first glimpse of Unlikely AI’s tech strategy

Vaire Computing, based in London and Seattle, is betting that chips that can do reversible computing are going to be the way forward for the world.

Vaire Computing raises $4.5M for ‘reversible computing’ moonshot which could drastically reduce energy needs

Amazon is facing another competition lawsuit in the U.K. The latest claim, which was filed Thursday, is seeking more than £2.7 billion in damages — or around $3.4 billion at…

Amazon hit with fresh class action-style suit in UK — $3.4B in competition damages sought for 200,000+ sellers

Malicious hacking is getting increasingly sophisticated, and that’s leading to a very clear trend in security technology. To keep people and organizations safe, security also has to continue improving.  Security…

PQShield secures $37M more for ‘quantum resistant’ cryptography

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Raspberry Pi is now a public company

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate.

Raspberry Pi is now a public company

AI systems and large language models (LLMs) need to be trained on massive amounts of data to be accurate but they shouldn’t train on data that they don’t have the…

Deal Dive: Human Native AI is building the marketplace for AI training licensing deals

The British retailers association also takes aim at Amazon’s “Buy Box,” claiming that Amazon manipulated which retailers were selected for the coveted placement.

Amazon slammed with £1.1B data abuse lawsuit from UK retailers

There’s a lot of buzz about generative AI and what impact it might have on businesses. But look beyond the hype and high-profile deals like the one between OpenAI and…

Sirion, now valued around $1B, acquires Eigen as consolidation comes to enterprise AI tooling

Monzo has announced its 2024 financial results, revealing its first full-year pre-tax profit. The company also confirmed that it’s in the early stages of expanding into the broader European market…

UK neobank Monzo reports first full (pre-tax) profit, prepares for EU expansion with Dublin hub

The U.K. will shortly get its own rulebook for Big Tech, after peers in the House of Lords agreed Thursday afternoon to pass the Digital Markets, Competition and Consumer bill…

‘Pro-competition’ rules for Big Tech make it through UK’s pre-election wash-up

On the heels of raising $102 million earlier this year, Bugcrowd is making good on its promise to use some of that funding to make acquisitions to strengthen its security…

Bugcrowd, the crowdsourced white-hat hacker platform, acquires Informer to ramp up its security chops

Government officials and AI industry executives agreed on Tuesday to apply elementary safety measures in the fast-moving field and establish an international safety research network. Nearly six months after the…

In Seoul summit, heads of states and companies commit to AI safety

The U.K.’s data protection watchdog has closed an almost year-long investigation of Snap’s AI chatbot, My AI — saying it’s satisfied the social media firm has addressed concerns about risks…

UK data protection watchdog ends privacy probe of Snap’s GenAI chatbot, but warns industry

London-based fintech Vitesse has closed a $93 million Series C round of funding led by investment giant KKR.

Vitesse, a payments and treasury management platform for insurers, raises $93M to fuel US expansion

The AI Safety Institute, a U.K. body that aims to assess and address risks in AI platforms, has said it will open a second location in San Francisco. 

UK opens office in San Francisco to tackle AI risk

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Microsoft dodges UK antitrust scrutiny over its Mistral AI stake

Microsoft won’t be facing antitrust scrutiny in the U.K. over its recent investment into French AI startup Mistral AI.

Microsoft dodges UK antitrust scrutiny over its Mistral AI stake

Ember has partnered with HSBC in the U.K. so that the bank’s business customers can access Ember’s services from their online accounts.

Embedded finance is still trendy as accounting automation startup Ember partners with HSBC UK

CoreWeave has formally opened an office in London that will serve as its European headquarters and home to two new data centers.

CoreWeave, a $19B AI compute provider, opens European HQ in London with plans for 2 UK data centers

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UnitedHealth data breach should be a wake-up call for the UK and NHS

The ransomware attack that has engulfed U.S. health insurance giant UnitedHealth Group and its tech subsidiary Change Healthcare is a data privacy nightmare for millions of U.S. patients, with CEO Andrew Witty confirming this week that it may impact as much as one-third of the country. But it should also…

UnitedHealth data breach should be a wake-up call for the UK and NHS

Dan Purcell, the founder and CEO of Ceartas, recalls feeling devastated when he realized that a former partner had, unbeknownst to him, uploaded private, intimate videos of them onto a…

Devastated by his videos being posted to a porn site, this founder hit on an AI startup idea

Gideon Valkin’s solo VC firm Andrena Ventures is raising $12 million from backers, including several VCs and entrepreneurs, and made its first investment into AI startup Nustom.

Solo GP fund Andrena Ventures hopes to carry startup talent onto its next challenges