Unicorn nest: UK hits milestone of 100 $1bn tech companies, more than rest of Europe combined June 20, 2021 The UK tech sector has now 100 UK tech companies valued at $1bn or more, according to new data from Dealroom and Tech Nation, shared with City A.M. this weekend. The UK’s 100th tech unicorn, Tractable, an AI startup building computer vision tools, announced a $60m Series D raise, which takes the company’s valuation to [...]
US healthcare data giants Datavant and Ciox strike $7bn merger deal June 9, 2021 Datavant and Ciox Health today announced they have agreed to merge. In a deal valued at $7bn, the combined company will become largest health data network in the US. The new company, named Datavant, will allow a secure exchange of data among its network of more than 2,000 US hospitals and 15,000 clinics. It will [...]
Exclusive: In the office full-time? No thanks, say 86 per cent of tech professionals June 2, 2021 As restrictions continue to lift and companies prepare to bring employees back to the workplace, many workers don’t want to return to the office full-time. Technology professionals are no exception. In fact, 86 per cent of them want a work from home arrangement after the pandemic, according to a survey by tech job market platform [...]
Exclusive: 65 per cent of UK companies plan to increase investments in tech June 1, 2021 Just over 65 per cent of all UK companies plan to increase the amount they spend on IT and new technologies, according to new research, shared exclusively with City A.M. today. This follows a majority, or 56 per cent, of all UK businesses successfully adopting one or more new technologies since the beginning of the [...]
Evening Read: Investors sit on record levels of dry powder, says Silicon Valley Bank’s UK boss May 12, 2021 In recent months we have glimpsed potential opportunities for the post-Covid economy: the huge acceleration in technology adoption, both corporate and personal. And that’s good news for London’s technology and innovation space. But to get startups’ ambitious growth plans off the ground and put the pandemic recovery into motion, sources of capital are needed: financing [...]
Exclusive: The City’s hunger for success and willingness to push boundaries is infectious, says tech guru May 10, 2021 Since the start of the pandemic, the entire economy and its workforce have moved online, with technology and digital tools keeping many businesses going. Jeremy Silver, CEO of Digital Catapult, a digital technology innovation firm based in Camden Town, has helped UK businesses small and large and across various industries to be more competitive online [...]
Digital health app Livi secures $2bn valuation after fresh funding round April 27, 2021 Digital GP platform Kry today said it has raised $300m (£216m) in a fresh funding round after enjoying a surge in demand for remote healthcare services during the pandemic. The new cash injection, led by CPP Investments and Fidelity, takes the company’s valuation to over $2bn — almost three times the price tag given after [...]
Shares in biotech firm C4X Discovery fizz on €414m Sanofi deal April 12, 2021 Shares in C4X discovery jumped today after the biotech company unveiled a €414m (£360m) licensing deal with Sanofi to develop an oral therapy to treat inflammatory diseases. Under the terms of the deal, the London-listed giant will receive an upfront payment of €7m and could receive up to a further €407m in potential development and [...]
NHS hits back in legal row over £23m data deal with Palantir March 30, 2021 The NHS has been thrown into a row with campaigners amid a legal row over a £23m deal with secretive US tech giant Palantir to process sensitive health data. Palantir first began working with the NHS in March last year as part of efforts to tap into a vast data store of health information to [...]
Exclusive: Govt policy shows UK tech is ‘guiding light’ in pandemic recovery, says Beacon CEO March 30, 2021 Despite the upheaval that the pandemic has caused for many individuals and businesses across the UK, the tech sector has been relatively resilient over the past 12 months. The industry’s continued strong performance is reflected by recent data compiled by Tech Nation and the government’s Digital Economy Council, which shows that 10 per cent of [...]