British broadband terminal startup Isotropic has won a $42 million funding round, which it says brings the firm closer to its first commercial product rollout. The round, led by satellite company SES,…
Dyson to Kick Off $3.7bn Tech Spending Spree
British appliances firm Dyson says it will invest an extra £2.75bn ($3.67bn) in new technology over the next five years, as it aims to double the number of products it sells. The…
UK “Urgently” Needs New Tech Watchdog – Report
A leading British think tank believes the country needs a new watchdog to keep tech companies in check, as it claims Britons are “recalibrating” their relationship with technology. Doteveryone, led by Last…
How Will Europe Hold off the Chinese Tech Spending Spree?
In 2017 Canyon Bridge, a Cayman Islands-registered investor, bought Imagination Technologies, one of the UK’s premier chipmakers. Surprisingly, the deal didn’t incur the wrath of British politicians. Just weeks previous US President…
London’s TransFICC Wins $7.1m Series A Round
British fintech startup TransFICC has raised a £5.75 million ($7.14m) Series A funding round, as it aims to extend market coverage for its e-trading API solution. The round was led by AlbionVC,…
UK Startups to Government: Bail Us Out or Risk Future
A dozen of the UK’s leading startup founders have written an open letter to the country’s chancellor, Rishi Sunak, pleading for changes to Downing Street’s COVID-19 business relief packages. The letter, released…
UK Outlines $1bn “Blue Skies” Tech Fund to Rival US and China
The British government has announced plans for a $1 billion (£800m) moonshot tech-funding agency, that it hopes will help the country compete with China and the United States beyond Brexit. Chancellor Rishi…
UK Launches $5.2m India CleanTech Project
The British government has launched a $5.2 million fund to root out cutting-edge social- and cleantech startups in India. The “Innovation Challenge Fund” will aid collaboration across AI, Big Data and other…
Tech Key in UK Vote – But Will British Tech Industry Fare Well with Tory Win?
Britain has spoken – and it overwhelmingly wants a Tory government. So heavy was Jeremy Corbyn’s Labour defeat, that such a loss hasn’t been registered by Britain’s biggest leftwing political party since…
London VC Basinghall Partners Announces $109m European Fund
London-based venture capital firm Basinghall Partners has announced its its first VC fund, aimed at early-stage startups across Europe. The Basinghall Tech Fund, which totals $109 million, will invest between $550,000 and…