Monthly archive for November 2016

The UK government has pledged to spend billions of pounds on technology and science as part of its new and “ambitious” way of doing business in Britain. Prime Minister Theresa May announced a new £2bn annual fund to boost the UK’s technology and science sectors, with a particular focus on robotics and biotechnology. The Government will also assess how the new fund can best support other emerging fields such as AI, medical technology and satellites. The Prime Minister said: “Our modern Industrial Strategy will be ambitious for business and ambitious for

October saw 25 UK tech companies announce new funding rounds, totaling $161.2m (£130.2m), according to the Tech City News UK Investment Tracker. This is significantly higher than the amount announced in September – $70.91m (£53.8m) – representing a 142% increase. The October total was skewed somewhat by the $30m raise by Bristol-based computer chip startup Graphcore. Some nine of the rounds raised in October were Seed, while four were Venture funding, nine were Series A, one was Series B, one was Series C and a further one was Series D.