Google DeepMind’s London AI drug spinout eyes $50bn valuation Tech London-based AI drug discovery firm, Isomorphic Labs, is reportedly seeking a valuation of up to $50bn (£37bn) in fresh funding talks, just five months after raising $2.1bn from investors. The Google DeepMind spinout, led by Nobel Prize-winning scientist Sir Demis Hassabis, is in early discussions to raise new capital at a valuation of at least [...]
Month-old Deepmind spinout nears $4bn on ‘future capability’ bet Tech A British AI startup founded just last month by three former Google Deepmind researchers is nearing a $4bn (£2.9bn) valuation – despite having no product or website. Emulate is in advanced talks to raise as much as $700m in a seed funding round led by Index Ventures and Lightspeed Venture Partners in a deal that [...]
Government plots university spinout crackdown Entrepreneurship The government is plotting to clamp down on the number university spinouts that shift their operations abroad or float overseas, the boss of the body responsible for research investment has said, in a move likely to spark unrest among founders and the venture capital industry. Sir Ian Chapman, the chief executive of UK Research and [...]
Declining patent filings show Britain has stopped innovating April 3, 2026 There are lots of ways to measure innovation, but if we go by patent filings, it's a sorry image for the UK, writes Ayushma Maharjan.
University spinouts boom as startups pull in billions March 6, 2026 Academics are increasingly going on to start their own start-ups, with a surge in spinouts, patents and investment pointing to the growing commercial impact of Britain’s research base. New figures seen by City AM show the number of UCL academics seeking to commercialise their research has jumped by more than 25 per cent since the [...]
HSBC Innovation Banking CEO: the next phase of UK innovation will be won quietly March 2, 2026 The next phase of UK innovation will be driven by deep tech, life sciences and infrastructure-heavy businesses, says Emily Turner The UK’s innovation economy is now worth $1.3tn. Artificial intelligence sits at the heart of that story, commanding headlines and capital in equal measure. But when we look at where long-term value is being created, [...]
Kings Cross spinout district could create 20,000 new jobs January 20, 2026 The innovation district around Kings Cross and Euston has the potential to grow into the UK's version of Kendall Square, writes Geraint Rees.