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 [...]
UK tech scale-ups raise £3.4bn as Burnham faces test over British investment Tech Britain’s latest crop of high-growth tech companies have raised £3.4bn between them and employ more than 6,000 people, as Andy Burnham faces pressure to get more British capital behind home-grown firms. Tech Nation on Wednesday unveiled the 50 companies in its Future Fifty 2026 cohort, spanning AI, fintech, health, defence and energy. Together, the companies [...]
Goldman and Intel back $5.4bn AI video startup Tech Goldman Sachs and Intel have backed AI video maker Higgsfield in a $400m (£295m) funding round that has more than quadrupled the two-year-old company’s valuation since January. The fresh funding values the startup at $5.4bn, up from $1.3bn just eight months ago, as investors pile into companies looking to turn generative AI into products businesses [...]
Richard Branson says UK must ‘make it easier’ to be an entrepreneur August 11, 2026 Sir Richard Branson has called on policy makers to do more to support and “champion” British entrepreneurs. The founder of Virgin Group, who launched his iconic business selling records in 1970, said the UK must go further to create an environment where entrepreneurs want to set up and run a business. Writing in City AM, [...]
Zilch, Clearscore among five UK scale-ups to get dedicated FCA support August 10, 2026 The UK’s financial watchdog is to offer extra regulatory support to five British scale-ups as it seeks to ease the burden on fast-growing firms. Zilch, Clearscore, Modulr, Teya and Urban Jungle have become the first companies regulated solely by the Financial Conduct Authority (FCA) to join its Scale-up Unit, which gives each firm a dedicated [...]
AI reduces founders’ need for capital, says Revolut Business July 22, 2026 AI is reducing the amount of capital startups need to build global businesses, shifting the battle for founders away from funding and towards which countries offer the best environment to scale, according to the head of Revolut Business. Speaking to City AM, James Gibson said AI had dramatically lowered the cost of building and operating [...]
Government-backed ESG reporting platform put up for sale as firms backtrack on eco-goals June 30, 2026 An ESG reporting platform backed by the government-owned British Business Bank has been put up for sale after appointing administrators, City AM can reveal, in the latest sign blue-chip companies are paring back their sustainability commitments. World Wide Generation, which operates the platform, known as G17 Eco, has opened the bidding to interested parties and [...]
London Tech Week was ‘complacency in conference form’ June 12, 2026 London Tech Week has been accused of masking some of the biggest structural problems facing Britain’s tech sector and of offering “complacency in conference form”. Adam French, partner at global venture capital firm Antler, said the flagship event highlighted a widening gap between the public narrative around UK tech and the realities facing founders trying [...]
Liz Kendall ramps up push to funnel pension cash into UK startups June 12, 2026 The government is stepping up efforts to channel more institutional money into British tech firms as ministers look to stop promising startups heading overseas for funding. Tech secretary Liz Kendall announced that Labour would pursue reforms to unlock pension fund investment into UK growth firms, adding Britain needs to become an “indispensable partner” in the [...]
Molten Ventures shares surge as it offloads Revolut stake June 9, 2026 Shares in Molten Ventures surged on Tuesday morning after the startup investor confirmed it had sold down its stake in Revolut. The FTSE 250 firm said it made £63m from the share sale, adding that it still had a stake in the company worth more than £100m following the disposal. Molten was an early investor [...]