{ "as_of": "2026-10-29", "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS)", "fx_url": "https://www.bankofengland.co.uk/boeapps/database/", "rows": [ { "id": "DEAL-LC-139", "date": "2026-10-27", "year": "2026", "kind": "funding_round", "company_text": "Machenta (new)", "company_id": "BIZ-SU-IND-813", "counterparty": "Creandum; Union Square Ventures (co-leads)", "amount": 40000000, "amount_text": "40000000", "currency": "USD", "valuation_reported": null, "summary": "Seed for an AI model that teaches robots tasks from one demonstration, trained in simulation.", "sources_text": "https://tech.eu/2026/10/27/london-robotics-startup-machenta-raises-40m-seed-investment/ — \"has raised a record $40m seed round, it said today\" (trade, tech.eu) ; https://businesscloud.co.uk/news/machenta-building-frontier-ai-for-robots-raises-30m/ — \"has raised a £30 million seed round co-led by Creandum and Union Square Ventures.\" (trade, BusinessCloud)", "source_urls": [ "https://tech.eu/2026/10/27/london-robotics-startup-machenta-raises-40m-seed-investment/", "https://businesscloud.co.uk/news/machenta-building-frontier-ai-for-robots-raises-30m/" ], "confidence": "single_source", "ledger": "ledger2", "page": "startups", "render": true, "date_text": "2026-10-27", "date_sort": "2026-10-27", "before_ledger_start": false, "amount_gbp": 30045820, "fx_rate": 1.3313, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3313 per £ on 2026-10-27", "fx_date": "2026-10-27", "fx_note": "", "txt": "US$40m", "gbp_txt": "£30m", "show": true }, { "id": "DEAL-INV-2111", "date": "2026-10-27", "year": "2026", "kind": "funding_round", "company_text": "Machenta", "company_id": "BIZ-SU-IND-813", "counterparty": "Creandum, Union Square Ventures", "amount": null, "amount_text": "40m", "currency": "USD", "valuation_reported": null, "summary": "Machenta (AI model for robot learning) raised $40m (Seed), reported by tech.eu.", "sources_text": "https://tech.eu/2026/10/27/london-robotics-startup-machenta-raises-40m-seed-investment/ — \"building an AI model that enables robots to learn new tasks quickly\" (trade)", "source_urls": [ "https://tech.eu/2026/10/27/london-robotics-startup-machenta-raises-40m-seed-investment/" ], "confidence": "single_source", "ledger": "page", "page": "investors", "render": true, "date_text": "2026-10-27", "date_sort": "2026-10-27", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_as_written": "40m", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "40m USD", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-8022", "date": "2026-10-27", "year": "2026", "kind": "partnership", "company_text": "PhysicsX", "company_id": "BIZ-LAB-008", "counterparty": "Fortescue", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Fortescue partnership expanded For: Industrial AI.", "sources_text": "https://www.physicsx.ai/newsroom — \"PhysicsX and Fortescue Expand Partnership to Accelerate Industrial Innovation with AI\"", "source_urls": [ "https://www.physicsx.ai/newsroom" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10-27", "date_sort": "2026-10-27", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-2021", "date": "2026-10-24", "year": "2026", "kind": "grant", "company_text": "AI Biosecurity Lab", "company_id": "BIZ-LAB-2012", "counterparty": "UK Government; OpenAI; Anthropic", "amount": null, "amount_text": "100,000,000 (government) + up to 200,000,000 (company commitments)", "currency": "GBP", "valuation_reported": null, "summary": "Launch funding for non-profit AI biosecurity lab.", "sources_text": "https://tech.eu/2026/10/26/uk-government-launches-ai-biosecurity-lab-with-to-tackle-emerging-biological-threats/", "source_urls": [ "https://tech.eu/2026/10/26/uk-government-launches-ai-biosecurity-lab-with-to-tackle-emerging-biological-threats/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10-26", "date_sort": "2026-10-24", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "100,000,000 (government) + up to 200,000,000 (company commitments)", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "100,000,000 (government) + up to 200,000,000 (company commitments) GBP", "gbp_txt": "", "show": true, "date_r7_from": "2026-10-26" }, { "id": "DEAL-LAB-4011", "date": "2026-10-24", "year": "2026", "kind": "partnership", "company_text": "Basecamp Research", "company_id": "BIZ-LAB-010", "counterparty": "AI Biosecurity Lab (BIZ-LAB-2012)", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Basecamp joins the AI Biosecurity Lab with Anthropic, OpenAI and DeepMind. For: Joining the UK AI Biosecurity Lab. Other investors: Anthropic; OpenAI; Google DeepMind.", "sources_text": "https://www.basecamp-research.com/news-research — \"Basecamp Research, Anthropic, OpenAI & DeepMind join AIBL to tackle priority biosecurity challenges\"", "source_urls": [ "https://www.basecamp-research.com/news-research" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10-24", "date_sort": "2026-10-24", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-8006", "date": "2026-10-23", "year": "2026", "kind": "partnership", "company_text": "Wayve", "company_id": "BIZ-LAB-003", "counterparty": "Stellantis; NVIDIA", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Wayve, Stellantis and NVIDIA collaborate on AV deployment in France For: Autonomous vehicle deployment in France. Other investors: French Government (involved).", "sources_text": "https://wayve.ai/press/category/press-release/ — \"Wayve, Stellantis, and NVIDIA Collaborate to Advance Safe and Responsible Autonomous Vehicle Deployment Across France\"", "source_urls": [ "https://wayve.ai/press/category/press-release/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10-23", "date_sort": "2026-10-23", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-5024", "date": "2026-10-22", "year": "2026", "kind": "partnership", "company_text": "Synthesia", "company_id": "BIZ-LAB-004", "counterparty": "Hays", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Synthesia and recruiter Hays partnered on avatar roleplay training. For: Roleplay Sessions for skills development.", "sources_text": "https://www.synthesia.io/blog/category/synthesia — \"Synthesia Partners with Hays to Support Measurable Skills Development Through Roleplay Sessions\"", "source_urls": [ "https://www.synthesia.io/blog/category/synthesia" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10-22", "date_sort": "2026-10-22", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-8010", "date": "2026-10-22", "year": "2026", "kind": "partnership", "company_text": "Synthesia", "company_id": "BIZ-LAB-004", "counterparty": "Hays", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Recruiter Hays partners with Synthesia For: Avatar roleplay sessions for skills development.", "sources_text": "https://www.synthesia.io/blog/category/synthesia — \"Synthesia Partners with Hays to Support Measurable Skills Development Through Roleplay Sessions\"", "source_urls": [ "https://www.synthesia.io/blog/category/synthesia" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10-22", "date_sort": "2026-10-22", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-9010", "date": "2026-10-21", "year": "2026", "kind": "partnership", "company_text": "Boltz", "company_id": "BIZ-LAB-2007", "counterparty": "Bristol Myers Squibb", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Boltz signs an agreement with Bristol Myers Squibb; terms not disclosed. For: Boltz platform access and co-developed custom models on BMS data.", "sources_text": "https://boltz.com/bms-partnership — \"Cambridge, MA, October 21, 2026.\"", "source_urls": [ "https://boltz.com/bms-partnership" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10-21", "date_sort": "2026-10-21", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-4004", "date": "2026-10-15", "year": "2026", "kind": "grant", "company_text": "DaltonTx", "company_id": "BIZ-LAB-4001", "counterparty": "Gates Foundation", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Gates Foundation grant for AI tuberculosis drug discovery. For: Large-scale computational screening for tuberculosis drug discovery; open models via the Ersilia Model Hub. Other investors: Ersilia (partner).", "sources_text": "https://daltontx.com/news/gates-foundation-grant — \"The award marks a significant milestone for DaltonTx.\"", "source_urls": [ "https://daltontx.com/news/gates-foundation-grant" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10-15", "date_sort": "2026-10-15", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-7015", "date": "2026-10-14", "year": "2026", "kind": "partnership", "company_text": "Google DeepMind", "company_id": "BIZ-LAB-001", "counterparty": "Government of Singapore (MDDI, per post address)", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Google DeepMind and Singapore's government are building a fine-tuned scam-detection model. For: A fine-tuned on-device AI model for scam detection.", "sources_text": "https://deepmind.google/blog/rss.xml — \"Google DeepMind and Singapore Government collaborate to build fine-tuned AI model for scam detection\" (14 Oct 2026)", "source_urls": [ "https://deepmind.google/blog/rss.xml" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10-14", "date_sort": "2026-10-14", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-028", "date": "2026-10-13", "year": "2026", "kind": "investment_pledge", "company_text": "Hiverge (BIZ-LAB-016)", "company_id": "BIZ-LAB-016", "counterparty": "NVIDIA", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "NVIDIA planned investment, amount not disclosed", "sources_text": "https://blogs.nvidia.com/blog/uk-ecosystem-deployment/ — \"announced new planned investments in Boltz, Foresight, Hiverge, Prima Mente and Riverlane\"; https://tech.eu/2026/10/15/nvidia-bets-on-five-uk-startups/ — \"taking a minority stake in the five startups\"", "source_urls": [ "https://blogs.nvidia.com/blog/uk-ecosystem-deployment/", "https://tech.eu/2026/10/15/nvidia-bets-on-five-uk-startups/" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10-13", "date_sort": "2026-10-13", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-029", "date": "2026-10-13", "year": "2026", "kind": "investment_pledge", "company_text": "Prima Mente (BIZ-LAB-017)", "company_id": "BIZ-LAB-017", "counterparty": "NVIDIA", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "NVIDIA planned investment, amount not disclosed", "sources_text": "https://blogs.nvidia.com/blog/uk-ecosystem-deployment/ — \"announced new planned investments in Boltz, Foresight, Hiverge, Prima Mente and Riverlane\"; https://tech.eu/2026/10/15/nvidia-bets-on-five-uk-startups/ — \"taking a minority stake in the five startups\"", "source_urls": [ "https://blogs.nvidia.com/blog/uk-ecosystem-deployment/", "https://tech.eu/2026/10/15/nvidia-bets-on-five-uk-startups/" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10-13", "date_sort": "2026-10-13", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-2001", "date": "2026-10-13", "year": "2026", "kind": "funding_round", "company_text": "Boltz", "company_id": "BIZ-LAB-2007", "counterparty": "NVIDIA", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "NVIDIA takes a minority stake in London biomolecular-model start-up.", "sources_text": "https://blogs.nvidia.com/blog/uk-ecosystem-deployment/) ; https://tech.eu/2026/10/15/nvidia-bets-on-five-uk-startups/ (trade)", "source_urls": [ "https://blogs.nvidia.com/blog/uk-ecosystem-deployment/", "https://tech.eu/2026/10/15/nvidia-bets-on-five-uk-startups/" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10-13", "date_sort": "2026-10-13", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-2002", "date": "2026-10-13", "year": "2026", "kind": "funding_round", "company_text": "Hiverge", "company_id": "BIZ-LAB-016", "counterparty": "NVIDIA", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "NVIDIA invests in Cambridge algorithm-discovery start-up.", "sources_text": "same two sources", "source_urls": [], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10-13", "date_sort": "2026-10-13", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-2003", "date": "2026-10-13", "year": "2026", "kind": "funding_round", "company_text": "Prima Mente", "company_id": "BIZ-LAB-017", "counterparty": "NVIDIA", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "NVIDIA invests in London biology foundation-model start-up.", "sources_text": "same two sources", "source_urls": [], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10-13", "date_sort": "2026-10-13", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-3009", "date": "2026-10-13", "year": "2026", "kind": "partnership", "company_text": "Locai Labs", "company_id": "BIZ-LAB-2008", "counterparty": "NVIDIA", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Locai Labs released a UK synthetic-persona dataset under NVIDIA's Nemotron banner. For: Nemotron-Personas-UK: open dataset of one million synthetic UK personas.", "sources_text": "https://blogs.nvidia.com/blog/uk-ecosystem-deployment/ — \"Locai Labs released Nemotron-Personas-UK — an open source dataset of one million synthetic personas\"", "source_urls": [ "https://blogs.nvidia.com/blog/uk-ecosystem-deployment/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10-13", "date_sort": "2026-10-13", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-9016", "date": "2026-10-13", "year": "2026", "kind": "partnership", "company_text": "Locai Labs", "company_id": "BIZ-LAB-2008", "counterparty": "NVIDIA", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Locai Labs releases Nemotron-Personas-UK, one million synthetic UK personas, announced in NVIDIA's UK post. For: Nemotron-Personas-UK open dataset.", "sources_text": "https://blogs.nvidia.com/blog/uk-ecosystem-deployment/ — \"Meanwhile, sovereign AI company Locai Labs released Nemotron-Personas-UK\" ; https://itbrief.co.uk/story/nvidia-backs-five-uk-startups-with-usd-250-million (trade)", "source_urls": [ "https://blogs.nvidia.com/blog/uk-ecosystem-deployment/", "https://itbrief.co.uk/story/nvidia-backs-five-uk-startups-with-usd-250-million" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10-13", "date_sort": "2026-10-13", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-15002", "date": "2026-10-13", "year": "2026", "kind": "compute_grant", "company_text": "UK AI safety and security research community, naming BOLD Lab (Oxford), SOFAIR Lab (UCL) and Imperial College London (Frontier AI Research Lab director quoted; BIZ-LAB-6003)", "company_id": "BIZ-LAB-6003", "counterparty": "NVIDIA", "amount": null, "amount_text": "250,000,000 over five years (50,000,000 a year)", "currency": "USD", "valuation_reported": null, "summary": "NVIDIA commits $250m in compute to UK agentic safety and security research over five years For: Compute for agentic safety and security research: secure agents, open-model security, sandboxes, benchmarks, robotics safety. Other investors: UK-based NVIDIA Cloud Partners to deliver (terms to be agreed).", "sources_text": "https://nvidianews.nvidia.com/news/nvidia-commits-250-million-to-advance-uk-agentic-safety-and-security-research-over-the-next-five-years — \"AI capability and safety must advance together,\"", "source_urls": [ "https://nvidianews.nvidia.com/news/nvidia-commits-250-million-to-advance-uk-agentic-safety-and-security-research-over-the-next-five-years" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10-13", "date_sort": "2026-10-13", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "250,000,000 over five years (50,000,000 a year)", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "250,000,000 over five years (50,000,000 a year) USD reported", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-8021", "date": "2026-10-08", "year": "2026", "kind": "partnership", "company_text": "PhysicsX", "company_id": "BIZ-LAB-008", "counterparty": "A*STAR", "amount": null, "amount_text": "40,000,000 (joint commitment)", "currency": "SGD", "valuation_reported": null, "summary": "PhysicsX opens Singapore hub with S$40m A*STAR partnership For: Five-year partnership; Singapore Asia-Pacific hub. Other investors: Seatrium (customer); Singapore EDB.", "sources_text": "https://www.physicsx.ai/newsroom/physicsx-launches-asia-pacific-hub-in-singapore-to-scale-ai-powered-industrial-engineering-across-the-region — \"Some of the most consequential applications of AI over the coming decade will be in the physical world\"", "source_urls": [ "https://www.physicsx.ai/newsroom/physicsx-launches-asia-pacific-hub-in-singapore-to-scale-ai-powered-industrial-engineering-across-the-region" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10-08", "date_sort": "2026-10-08", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "40,000,000 (joint commitment)", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "40,000,000 (joint commitment) SGD", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-4007", "date": "2026-10-07", "year": "2026", "kind": "partnership", "company_text": "Isomorphic Labs", "company_id": "BIZ-LAB-002", "counterparty": "Biohub (Virtual Biology Initiative convenor)", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Isomorphic becomes a founding member of the Virtual Biology Initiative. For: Shared data, compute and measurement to build foundational data for biology AI models.", "sources_text": "https://www.isomorphiclabs.com/articles/isomorphic-labs-joins-the-virtual-biology-initiative — \"Isomorphic Labs is a founding member of the international, cross-sector effort.\"", "source_urls": [ "https://www.isomorphiclabs.com/articles/isomorphic-labs-joins-the-virtual-biology-initiative" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10-07", "date_sort": "2026-10-07", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-16019", "date": "2026-10-07", "year": "2026", "kind": "partnership", "company_text": "DaltonTx", "company_id": "BIZ-LAB-4001", "counterparty": "University of Oxford", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "DaltonTx works with Oxford on antibody structure analysis for its Dalton engine. For: antibody structure prediction and repertoire analysis.", "sources_text": "https://www.bioprocessintl.com/large-molecule-development/daltontx-announces-ai-breakthrough-in-novel-antibody-discovery (trade) — \"Our work with the University of Oxford focuses on how antibody structure can improve discovery at scale.\"", "source_urls": [ "https://www.bioprocessintl.com/large-molecule-development/daltontx-announces-ai-breakthrough-in-novel-antibody-discovery" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10-07 (article date)", "date_sort": "2026-10-07", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-3011", "date": "2026-10", "year": "2026", "kind": "partnership", "company_text": "Ineffable Intelligence", "company_id": "BIZ-LAB-012", "counterparty": "Google Cloud", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Ineffable named Google Cloud its preferred cloud partner. For: Google Cloud as preferred cloud partner (compute).", "sources_text": "https://tech.eu/2026/10/15/nebius-says-struck-deals-with-uk-ai-labs-welcomes-non-compete-changes/ (trade) — \"Ineffable Intelligence has struck a deal with Google Cloud to be its preferred cloud partner.\"", "source_urls": [ "https://tech.eu/2026/10/15/nebius-says-struck-deals-with-uk-ai-labs-welcomes-non-compete-changes/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-10 (reported 2026-10-15)", "date_sort": "2026-10-00", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-011", "date": "2026-09-30", "year": "2026", "kind": "secondary_sale", "company_text": "ElevenLabs (BIZ-LAB-005)", "company_id": "BIZ-LAB-005", "counterparty": "Wellington and T. Rowe Price", "amount": 300000000, "amount_text": "300000000", "currency": "USD", "valuation_reported": "22000000000 USD", "summary": "Employee tender offer (secondary sale, not new capital) [Labs Round 7] Employee share sale (tender offer): existing shares sold, not money raised.", "sources_text": "https://elevenlabs.io/blog/tender-22bn — \"$300 million employee tender offer\" \"$22 billion\"", "source_urls": [ "https://elevenlabs.io/blog/tender-22bn", "https://tech.eu/2026/09/30/elelvenlabs-doubles-valuation-to-22bn-with-300m-employee-tender-offer/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "same_event_as": "DEAL-X-034", "date_text": "2026-09-30", "date_sort": "2026-09-30", "before_ledger_start": false, "amount_gbp": 225818592, "fx_rate": 1.3285, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3285 per £ on 2026-09-30", "fx_date": "2026-09-30", "fx_note": "", "txt": "US$300m", "gbp_txt": "£225.8m", "show": true, "kind_r7_from": "funding_round", "not_money_raised": true, "same_event_ids": [ "DEAL-X-034" ] }, { "id": "DEAL-LAB-022", "date": "2026-09-23", "year": "2026", "kind": "funding_round", "company_text": "Basecamp Research (BIZ-LAB-010)", "company_id": "BIZ-LAB-010", "counterparty": "S32", "amount": 140000000, "amount_text": "140000000", "currency": "USD", "valuation_reported": null, "summary": "Series C", "sources_text": "https://www.basecamp-research.com/news-research/basecamp-research-raises-140m-to-advance-ai-designed-therapeutics — \"$140M Series C financing\" \"led by S32\"", "source_urls": [ "https://www.basecamp-research.com/news-research/basecamp-research-raises-140m-to-advance-ai-designed-therapeutics", "https://www.sovereignai.gov.uk/post/sovereign-ai-invests-in-basecamp-research-to-help-design-the-next-generation-of-medicines" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-09-23", "date_sort": "2026-09-23", "before_ledger_start": false, "amount_gbp": 105540897, "fx_rate": 1.3265, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3265 per £ on 2026-09-23", "fx_date": "2026-09-23", "fx_note": "", "txt": "US$140m", "gbp_txt": "£105.5m", "show": true, "same_event_ids": [ "DEAL-LAB-2005" ] }, { "id": "DEAL-LAB-006", "date": "2026-09-22", "year": "2026", "kind": "major_contract", "company_text": "Wayve (BIZ-LAB-003)", "company_id": "BIZ-LAB-003", "counterparty": "Mercedes-Benz", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Agreement to bring the Wayve AI Driver to future Mercedes-Benz vehicles", "sources_text": "https://wayve.ai/press/ — \"Wayve and Mercedes-Benz Partner to Bring the Wayve AI Driver to Future Mercedes-Benz Vehicles\"", "source_urls": [ "https://wayve.ai/press/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-09-22", "date_sort": "2026-09-22", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-3003", "date": "2026-09-18", "year": "2026", "kind": "funding_round", "company_text": "Mantic", "company_id": "BIZ-LAB-023", "counterparty": "Radical Ventures", "amount": 25000000, "amount_text": "25,000,000", "currency": "USD", "valuation_reported": "undisclosed", "summary": "London forecasting lab Mantic raised a $25m seed after its Metaculus Cup result. For: Seed; AI forecasting system. Other investors: M12 (Microsoft), Thinking Machines Lab, Balderton Capital, others. Valuation reported: undisclosed.", "sources_text": "https://www.globalbankingandfinance.com/ai-startup-mantic-raises-25-million-superhuman-forecasting/ (Reuters republished) — \"with backing by Microsoft's venture fund M12, the startup Thinking Machines Lab, Balderton Capital and others.\" ; https://valueaddvc.com/pulse/mantic-25m-seed-ai-forecasting-metaculus-2026 (trade) — \"London-based Mantic raised a $25 million seed led by Radical Ventures\"", "source_urls": [ "https://www.globalbankingandfinance.com/ai-startup-mantic-raises-25-million-superhuman-forecasting/", "https://valueaddvc.com/pulse/mantic-25m-seed-ai-forecasting-metaculus-2026", "https://whbl.com/?p=1008351" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-09-18", "date_sort": "2026-09-18", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": 18711174, "fx_rate": 1.3361, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3361 per £ on 2026-09-18", "fx_date": "2026-09-18", "fx_note": "", "txt": "US$25m", "gbp_txt": "£18.7m", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-12013", "date": "2026-09-16", "year": "2026", "kind": "grant", "company_text": "Chemify", "company_id": "BIZ-SU-IND-504", "counterparty": "Scottish Enterprise and UK Government", "amount": 22000000, "amount_text": "22,000,000", "currency": "GBP", "valuation_reported": null, "summary": "Chemify receives £22m in grants from Scottish Enterprise and the UK Government For: Grants; Chemify calls itself the first \"chemistry hyperscaler\".", "sources_text": "https://www.chemify.io/news-and-articles — \"Chemify Becomes the First Chemistry Hyperscaler with £22 Million in Grants from Scottish Enterprise and the UK Government\"", "source_urls": [ "https://www.chemify.io/news-and-articles" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-09-16", "date_sort": "2026-09-16", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": 22000000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£22m reported", "gbp_txt": "£22m", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-9009", "date": "2026-09-14", "year": "2026", "kind": "partnership", "company_text": "Boltz", "company_id": "BIZ-LAB-2007", "counterparty": "dsm-firmenich", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "dsm-firmenich partners with Boltz on ingredient discovery. For: AI for ingredient discovery.", "sources_text": "https://boltz.com/news — \"dsm-firmenich partners with Boltz on AI for ingredient discovery.\"", "source_urls": [ "https://boltz.com/news" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-09-14", "date_sort": "2026-09-14", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-10002", "date": "2026-09-14", "year": "2026", "kind": "partnership", "company_text": "UK Atomic Energy Authority", "company_id": "BIZ-LAB-10001", "counterparty": "Princeton Plasma Physics Laboratory (US Department of Energy)", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "UKAEA and PPPL signed a declaration of intent at the Global Fusion Policy Summit in London, building on a June MoU. For: Linking the SUNRISE and STELLAR-AI supercomputers to train the same AI models on MAST Upgrade and NSTX-U data; long-term shared spherical-tokamak foundation model.", "sources_text": "https://www.world-nuclear-news.org/articles/uk-usa-enhance-cooperation-on-fusion-energy (trade) — \"We will turn a collection of supercomputers into a single engine for fusion discovery.\"", "source_urls": [ "https://www.world-nuclear-news.org/articles/uk-usa-enhance-cooperation-on-fusion-energy" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-09-14", "date_sort": "2026-09-14", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-5017", "date": "2026-09-10", "year": "2026", "kind": "licensing", "company_text": "ElevenLabs", "company_id": "BIZ-LAB-005", "counterparty": "Universal Music Group", "amount": null, "amount_text": "not disclosed", "currency": null, "valuation_reported": null, "summary": "ElevenLabs signed a multi-year licensing agreement with Universal Music Group. For: Multi-year licensing agreement and strategic collaboration, including a fan platform.", "sources_text": "https://elevenlabs.io/blog/umg — \"We’ve entered a multi-year licensing agreement and strategic collaboration with Universal Music Group (UMG)\"", "source_urls": [ "https://elevenlabs.io/blog/umg" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-09-10", "date_sort": "2026-09-10", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "not disclosed", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "not disclosed", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-8012", "date": "2026-09-10", "year": "2026", "kind": "partnership", "company_text": "ElevenLabs", "company_id": "BIZ-LAB-005", "counterparty": "Universal Music Group", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "UMG and ElevenLabs sign multi-year agreement For: Multi-year strategic agreement.", "sources_text": "https://elevenlabs.io/blog — \"Universal Music Group and ElevenLabs announce multi-year strategic agreement\"", "source_urls": [ "https://elevenlabs.io/blog" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-09-10", "date_sort": "2026-09-10", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-013", "date": "2026-08-25", "year": "2026", "kind": "funding_round", "company_text": "Stability AI (BIZ-LAB-006)", "company_id": "BIZ-LAB-006", "counterparty": "no lead named by the company", "amount": 76000000, "amount_text": "76000000", "currency": "USD", "valuation_reported": null, "summary": "Series B; total funding US$232m [Labs Round 7] The company names no lead; Electronic Arts, Sony Music, Universal Music Group and Warner Music Group are listed as new investors.", "sources_text": "https://stability.ai/news-updates/stability-ai-latest-funding-backed-by-entertainment-industry-biggest-names — \"$76M in new capital\"; https://tech.eu/2026/08/25/stabiityai-raises-76m-with-warner-and-sony-investing// — \"has raised a $76m funding round\"", "source_urls": [ "https://stability.ai/news-updates/stability-ai-latest-funding-backed-by-entertainment-industry-biggest-names", "https://tech.eu/2026/08/25/stabiityai-raises-76m-with-warner-and-sony-investing//", "https://tech.eu/2026/08/25/stabiityai-raises-76m-with-warner-and-sony-investing/" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-08-25", "date_sort": "2026-08-25", "before_ledger_start": false, "amount_gbp": 55747084, "fx_rate": 1.3633, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3633 per £ on 2026-08-25", "fx_date": "2026-08-25", "fx_note": "", "txt": "US$76m", "gbp_txt": "£55.7m", "show": true, "counterparty_r7_from": "Electronic Arts, Sony Music Group, Universal Music Group, Warner Music Group", "same_event_ids": [ "DEAL-LAB-2025" ] }, { "id": "DEAL-LAB-13007", "date": "2026-08-24", "year": "2026", "kind": "partnership", "company_text": "TR Labs Foundational Research", "company_id": "BIZ-LAB-6004", "counterparty": "DatologyAI; Lambda; Together AI", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "TR names DatologyAI, Lambda, Together AI and Imperial as partners on its Thomson model. For: Partners named in building the Thomson LLM. Other investors: Imperial College London; Frontier AI Research Lab (BIZ-LAB-6003).", "sources_text": "https://www.thomsonreuters.com/en-us/posts/innovation/how-we-built-thomson/ — \"Thomson enters production this month powering CoCounsel skills\"", "source_urls": [ "https://www.thomsonreuters.com/en-us/posts/innovation/how-we-built-thomson/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-08-24", "date_sort": "2026-08-24", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-11002", "date": "2026-08-20", "year": "2026", "kind": "grant", "company_text": "Five AI", "company_id": "BIZ-SU-IND-002", "counterparty": "UK Government CAM Pathfinder programme (delivered with Zenzic and Innovate UK)", "amount": null, "amount_text": "not stated (programme backed by up to £150m to 2030)", "currency": "GBP", "valuation_reported": null, "summary": "Bosch's Five AI wins CAM Pathfinder funding for its AV simulation tool. For: Five AI's simulation tool for testing autonomous vehicles.", "sources_text": "https://www.automotiveworld.com/news/boschs-five-ai-gets-uk-funding-for-av-simulation-work/ (trade) — \"Five AI, a Bosch subsidiary based in Cambridge, has secured UK Government funding through the CAM Pathfinder programme\"", "source_urls": [ "https://www.automotiveworld.com/news/boschs-five-ai-gets-uk-funding-for-av-simulation-work/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-08-20", "date_sort": "2026-08-20", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_as_written": "not stated (programme backed by up to £150m to 2030)", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "not stated (programme backed by up to £150m to 2030) GBP reported", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-4010", "date": "2026-08-19", "year": "2026", "kind": "partnership", "company_text": "Basecamp Research", "company_id": "BIZ-LAB-010", "counterparty": "Microsoft (Azure)", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Microsoft customer story on Basecamp training on Azure (headline only). For: Training EDEN models on Microsoft Azure.", "sources_text": "https://www.basecamp-research.com/news-research — \"Basecamp Research trains AI on 4 billion years of evolution to build general biological intelligence, powered by Microsoft Azure\"", "source_urls": [ "https://www.basecamp-research.com/news-research" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-08-19", "date_sort": "2026-08-19", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-3014", "date": "2026-08-14", "year": "2026", "kind": "partnership", "company_text": "Cosine", "company_id": "BIZ-SW-014", "counterparty": "Mimic", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Cosine paired its cyber-security model with Mimic's platform. For: Cosine's Lumen Outpost model (autonomous red team) combined with Mimic's kernel-level enforcement for automated virtual patching, run on-premise.", "sources_text": "https://cosine.sh/blog/cosine-enters-cybersecurity-mimic-partnership — \"we are partnering with Mimic to bring sovereign, autonomous AI capabilities to the world's most secure environments.\"", "source_urls": [ "https://cosine.sh/blog/cosine-enters-cybersecurity-mimic-partnership" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-08-14", "date_sort": "2026-08-14", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-3012", "date": "2026-08-11", "year": "2026", "kind": "government_contract", "company_text": "Locai Labs", "company_id": "BIZ-LAB-2008", "counterparty": "Incubator for AI (i.AI), UK government", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "The government's Incubator for AI is trialling Locai 1. For: Trial of the Locai 1 on-prem AI appliance (trial, terms not published).", "sources_text": "https://locailabs.com/news/press-release-locai-labs-launches-locai-one-powered-by-nvidia-nemotron-3-5-lightning — Max Hollingdale (i.AI): \"it's a great example of Britain's AI sector at work\"", "source_urls": [ "https://locailabs.com/news/press-release-locai-labs-launches-locai-one-powered-by-nvidia-nemotron-3-5-lightning" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-08-11", "date_sort": "2026-08-11", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-12001", "date": "2026-08-11", "year": "2026", "kind": "grant", "company_text": "Intellegens", "company_id": "BIZ-LAB-12001", "counterparty": "Innovate UK (Frontier AI grants)", "amount": null, "amount_text": "not stated", "currency": null, "valuation_reported": null, "summary": "Intellegens wins an Innovate UK Frontier AI grant to combine AI with physics simulation for materials For: \"Adaptive World Models for Experimental Design\" project (~6 months) with an unnamed manufacturer.", "sources_text": "https://intellegens.com/intellegens-wins-frontier-ai-grant-to-drive-next-gen-materials-innovation/ — \"Intellegens has been selected from over 600 applications to receive one of the Frontier AI grants from Innovate UK.\"", "source_urls": [ "https://intellegens.com/intellegens-wins-frontier-ai-grant-to-drive-next-gen-materials-innovation/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-08-11", "date_sort": "2026-08-11", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "not stated", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "not stated reported", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-11001", "date": "2026-08-03", "year": "2026", "kind": "partnership", "company_text": "Oxa", "company_id": "BIZ-SU-IND-001", "counterparty": "Dubai Future Foundation", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Oxa and Dubai Future Foundation form autonomous-logistics joint venture SHIFFT. For: Joint venture SHIFFT to deploy autonomous vehicles in ports and airports; first scalable commercial deployment in Dubai planned before end of 2027.", "sources_text": "https://oxa.tech/news-and-insights/dubai-future-foundation-and-oxa-launch-joint-venture-transforming-dubai-into-global-hub-for-autonomous-logistics/ — \"SHIFFT will directly contribute to Dubai's goal to double foreign trade volume by 2033.\"", "source_urls": [ "https://oxa.tech/news-and-insights/dubai-future-foundation-and-oxa-launch-joint-venture-transforming-dubai-into-global-hub-for-autonomous-logistics/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-08-03", "date_sort": "2026-08-03", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-INV-2012", "date": "2026-07-24", "year": "2026", "kind": "funding_round", "company_text": "CuspAI", "company_id": "BIZ-LAB-011", "counterparty": "Kleiner Perkins, NEA, Bezos Expeditions, Glade Brook Capital Partners and others", "amount": null, "amount_text": "334m", "currency": "GBP", "valuation_reported": null, "summary": "CuspAI (AI materials discovery) raised £334m (Series B), reported by UKTN weekly roundup.", "sources_text": "https://www.uktech.news/news/uk-tech-funding-roundup-cuspai-ponda-20260724 — \"is building an AI platform for materials discovery\" (trade)", "source_urls": [ "https://www.uktech.news/news/uk-tech-funding-roundup-cuspai-ponda-20260724" ], "confidence": "single_source", "ledger": "page", "page": "investors", "render": true, "date_text": "2026-07-24 (week ending)", "date_sort": "2026-07-24", "before_ledger_start": false, "week_ending": true, "trade": true, "round4": true, "amount_as_written": "334m", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "334m GBP", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-12009", "date": "2026-07-21", "year": "2026", "kind": "funding_round", "company_text": "Mach42 (formerly Machine Discovery)", "company_id": "BIZ-SW-604", "counterparty": "IP Group", "amount": 9500000, "amount_text": "9,500,000", "currency": "USD", "valuation_reported": null, "summary": "Mach42 raises $9.5m led by IP Group For: Agentic-ready analogue simulation. Other investors: BGF; Foresight Group (existing).", "sources_text": "https://mach42.ai/ — \"led by IP Group along with existing investors BGF and Foresight Group\"", "source_urls": [ "https://mach42.ai/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-07-21", "date_sort": "2026-07-21", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": 7104397, "fx_rate": 1.3372, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3372 per £ on 2026-07-21", "fx_date": "2026-07-21", "fx_note": "", "txt": "US$9.5m reported", "gbp_txt": "£7.1m", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-024", "date": "2026-07-20", "year": "2026", "kind": "funding_round", "company_text": "CuspAI (BIZ-LAB-011)", "company_id": "BIZ-LAB-011", "counterparty": "Kleiner Perkins and NEA", "amount": 450000000, "amount_text": "450000000", "currency": "USD", "valuation_reported": "2600000000 USD", "summary": "Series B; UK Sovereign AI Fund among new investors", "sources_text": "https://tech.eu/2026/07/20/jeff-bezos-and-sovereign-ai-back-cuspai-in-450m-raise/ — $450m Series B at $2.6bn", "source_urls": [ "https://tech.eu/2026/07/20/jeff-bezos-and-sovereign-ai-back-cuspai-in-450m-raise/", "https://www.sovereignai.gov.uk/post/sovereign-ai-invests-in-cuspai-to-reinvent-how-the-world-discovers-new-materials" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-07-20", "date_sort": "2026-07-20", "before_ledger_start": false, "amount_gbp": 334821429, "fx_rate": 1.344, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.344 per £ on 2026-07-20", "fx_date": "2026-07-20", "fx_note": "", "txt": "US$450m", "gbp_txt": "£334.8m", "show": true, "same_event_ids": [ "DEAL-LAB-2004" ] }, { "id": "DEAL-LAB-4020", "date": "2026-07-20", "year": "2026", "kind": "partnership", "company_text": "CuspAI", "company_id": "BIZ-LAB-011", "counterparty": "AI Materials Foundry founding members (NVIDIA; Meta FAIR)", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "CuspAI launches the AI Materials Foundry with 45+ founding organisations. For: Network of data, labs and compute for designing new materials around CuspAI's MIRA platform. Other investors: Hitachi High-Tech; Samsung; Hyundai Motor Group; Merck; over 40 more.", "sources_text": "https://www.uktech.news/ai/cuspai-raises-334m-and-launches-ai-materials-foundry-20260720 (trade) — \"The collaboration seeks to end the materials bottleneck constraining progress.\" ; https://cusp.ai — \"over 45 partners\"", "source_urls": [ "https://www.uktech.news/ai/cuspai-raises-334m-and-launches-ai-materials-foundry-20260720", "https://cusp.ai" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-07-20", "date_sort": "2026-07-20", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-INV-2017", "date": "2026-07-17", "year": "2026", "kind": "funding_round", "company_text": "Applied Computing", "company_id": "BIZ-LAB-025", "counterparty": "KBR, Databricks Ventures", "amount": null, "amount_text": "14.8m", "currency": "GBP", "valuation_reported": null, "summary": "Applied Computing (foundation AI model for energy operations) raised £14.8m (Not stated), reported by UKTN weekly roundup.", "sources_text": "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-valarian-to-saible-20260717 — \"a physics-grounded foundation AI model built for heavy energy operations\" (trade)", "source_urls": [ "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-valarian-to-saible-20260717" ], "confidence": "single_source", "ledger": "page", "page": "investors", "render": true, "date_text": "2026-07-17 (week ending)", "date_sort": "2026-07-17", "before_ledger_start": false, "week_ending": true, "trade": true, "round4": true, "amount_as_written": "14.8m", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "14.8m GBP", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-037", "date": "2026-07-16", "year": "2026", "kind": "funding_round", "company_text": "Applied Computing (BIZ-LAB-025)", "company_id": "BIZ-LAB-025", "counterparty": "KBR", "amount": 20000000, "amount_text": "20000000", "currency": "USD", "valuation_reported": null, "summary": "Round led by KBR, with Databricks Ventures; stage not named [Labs Round 8] Databricks Ventures took part (UKTN, 16 July 2026).", "sources_text": "https://tech.eu/2026/07/16/applied-computing-lands-20m-to-expand-foundation-ai-for-energy/ — \"has raised $20 million in a funding round led by KBR\"", "source_urls": [ "https://tech.eu/2026/07/16/applied-computing-lands-20m-to-expand-foundation-ai-for-energy/", "https://www.uktech.news/ai/applied-computing-raises-14-8m-to-scale-ai-for-energy-operators-20260716" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-07-16", "date_sort": "2026-07-16", "before_ledger_start": false, "amount_gbp": 14826896, "fx_rate": 1.3489, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3489 per £ on 2026-07-16", "fx_date": "2026-07-16", "fx_note": "", "txt": "US$20m", "gbp_txt": "£14.8m", "show": true }, { "id": "DEAL-INV-2109", "date": "2026-07-16", "year": "2026", "kind": "funding_round", "company_text": "Applied Computing", "company_id": "BIZ-LAB-025", "counterparty": "KBR, Databricks Ventures", "amount": null, "amount_text": "20m", "currency": "USD", "valuation_reported": null, "summary": "same round as the UKTN row for Applied Computing (£14.8m); figures differ by currency. Applied Computing (foundation AI model for energy operations) raised $20m (Not stated), reported by tech.eu.", "sources_text": "https://tech.eu/2026/07/16/applied-computing-lands-20m-to-expand-foundation-ai-for-energy/ — \"developing foundation models for energy operations\" (trade)", "source_urls": [ "https://tech.eu/2026/07/16/applied-computing-lands-20m-to-expand-foundation-ai-for-energy/" ], "confidence": "single_source", "ledger": "page", "page": "investors", "render": true, "date_text": "2026-07-16", "date_sort": "2026-07-16", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_as_written": "20m", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "20m USD", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-4014", "date": "2026-07-16", "year": "2026", "kind": "partnership", "company_text": "Applied Computing", "company_id": "BIZ-LAB-025", "counterparty": "KBR", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "KBR becomes lead investor and product partner for Applied Computing's Orbital model. For: Multi-year agreement to develop exclusive energy-sector AI products (alongside KBR's lead investment).", "sources_text": "https://tech.eu/2026/07/16/applied-computing-lands-20m-to-expand-foundation-ai-for-energy/ (trade) — \"The investment builds on an existing commercial relationship between Applied Computing and KBR.\"", "source_urls": [ "https://tech.eu/2026/07/16/applied-computing-lands-20m-to-expand-foundation-ai-for-energy/", "https://www.uktech.news/ai/applied-computing-raises-14-8m-to-scale-ai-for-energy-operators-20260716" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-07-16", "date_sort": "2026-07-16", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-4023", "date": "2026-07-09", "year": "2026", "kind": "funding_round", "company_text": "Alchemab Therapeutics", "company_id": "BIZ-LAB-4003", "counterparty": "British Business Bank", "amount": 25000000, "amount_text": "25,000,000", "currency": "GBP", "valuation_reported": null, "summary": "British Business Bank puts £25m into Alchemab, its largest life-sciences investment. For: Series A extension, taking the Series A to £109m. Other investors: (earlier Series A investors: SV Health Investors; RA Capital; DCVC Bio; Eli Lilly; Lightstone Ventures; Ono Venture Investment; Camford Partners).", "sources_text": "https://www.uktech.news/biotech/alchemab-therapeutics-extends-series-a-with-25m-investment-20260709 (trade) — \"This investment provides further validation of the sustainable, long-term potential of our drug discovery platform\"", "source_urls": [ "https://www.uktech.news/biotech/alchemab-therapeutics-extends-series-a-with-25m-investment-20260709" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-07-09", "date_sort": "2026-07-09", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": 25000000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£25m", "gbp_txt": "£25m", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-9008", "date": "2026-07-02", "year": "2026", "kind": "partnership", "company_text": "Boltz", "company_id": "BIZ-LAB-2007", "counterparty": "GSK", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Boltz announces a collaboration with GSK. For: deployment of Boltz models for drug discovery.", "sources_text": "https://boltz.com/news — \"Boltz Announces Collaboration with GSK to Deploy Biomolecular AI Models for Drug Discovery.\"", "source_urls": [ "https://boltz.com/news" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-07-02", "date_sort": "2026-07-02", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-8002", "date": "2026-07-01", "year": "2026", "kind": "secondary_sale", "company_text": "Wayve", "company_id": "BIZ-LAB-003", "counterparty": "\"existing and new investors\" (not named)", "amount": 85000000, "amount_text": "85,000,000", "currency": "USD", "valuation_reported": "8,600,000,000 USD", "summary": "Wayve staff sell $85m of shares at the Series D valuation For: Employee tender (secondary sale of vested equity). Valuation reported: 8,600,000,000 USD. [Labs Round 7] Employee share sale (tender offer): existing shares sold, not money raised.", "sources_text": "https://wayve.ai/thinking/wayve-announces-employee-tender-offer/ — \"Following our Series D that valued Wayve at $8.6 billion, we’re launching an employee tender offer\"", "source_urls": [ "https://wayve.ai/thinking/wayve-announces-employee-tender-offer/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-07-01", "date_sort": "2026-07-01", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": 64015665, "fx_rate": 1.3278, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3278 per £ on 2026-07-01", "fx_date": "2026-07-01", "fx_note": "", "txt": "US$85m", "gbp_txt": "£64m", "show": true, "kind_r7_from": "funding_round", "not_money_raised": true, "labs_r7": true }, { "id": "DEAL-LAB-4027", "date": "2026-06-30", "year": "2026", "kind": "partnership", "company_text": "Basecamp Research", "company_id": "BIZ-LAB-010", "counterparty": "Anthropic (Claude Science)", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Basecamp's EDEN models feature in Anthropic's Claude Science launch (headline only; role to confirm). For: EDEN design tools offered through Claude (company models page shows a Claude connector).", "sources_text": "https://www.basecamp-research.com/news-research — \"Claude Science Is Here, Antibiotics Designed by Text Prompt Among Applications\"", "source_urls": [ "https://www.basecamp-research.com/news-research" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-06-30", "date_sort": "2026-06-30", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-15001", "date": "2026-06-23", "year": "2026", "kind": "grant", "company_text": "SOFAIR lab (UCL) and BOLD lab (Oxford)", "company_id": null, "counterparty": "UKRI – EPSRC", "amount": null, "amount_text": "up to 60,000,000 in total (SOFAIR initial 8,000,000)", "currency": "GBP", "valuation_reported": null, "summary": "UKRI-EPSRC funds SOFAIR (UCL, David Barber) and BOLD (Oxford, Jakob Foerster) from a £60m scheme For: Two fundamental AI research labs for six years; £2m per lab for at least 10 doctoral students; access to large-scale compute.", "sources_text": "https://www.ucl.ac.uk/news/2026/jun/national-research-lab-based-ucl-will-make-ai-more-accessible — \"This will reduce dependency on the small number of model providers\"; https://www.uktech.news/ai/uk-backs-new-ai-research-labs-in-oxford-and-london-with-60m-20260623 (trade) — \"These labs will put that advantage to work, backing the bold, high-reward ideas\"", "source_urls": [ "https://www.ucl.ac.uk/news/2026/jun/national-research-lab-based-ucl-will-make-ai-more-accessible", "https://www.uktech.news/ai/uk-backs-new-ai-research-labs-in-oxford-and-london-with-60m-20260623" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-06-23", "date_sort": "2026-06-23", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_as_written": "up to 60,000,000 in total (SOFAIR initial 8,000,000)", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "up to 60,000,000 in total (SOFAIR initial 8,000,000) GBP", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-4025", "date": "2026-06-22", "year": "2026", "kind": "funding_round", "company_text": "Houdini Bio", "company_id": "BIZ-LAB-4004", "counterparty": "SCVC (Science Creates)", "amount": null, "amount_text": "~1,500,000", "currency": "GBP", "valuation_reported": null, "summary": "Houdini Bio raises nearly £1.5m in pre-seed and grants. For: Machine-learning DNA design platform for gene and cell therapies. Other investors: Deep Science Ventures; Cambridge Enterprise VC; non-dilutive grants (funder not named).", "sources_text": "https://www.uktech.news/medtech/houdini-bio-secures-1-5m-to-improve-gene-and-cell-therapies-20260622 (trade) — \"it's great to have led this investment from SCVC.\"", "source_urls": [ "https://www.uktech.news/medtech/houdini-bio-secures-1-5m-to-improve-gene-and-cell-therapies-20260622" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-06-22", "date_sort": "2026-06-22", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_as_written": "~1,500,000", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "~1,500,000 GBP", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-5016", "date": "2026-06-18", "year": "2026", "kind": "funding_round", "company_text": "ElevenLabs", "company_id": "BIZ-LAB-005", "counterparty": "Government of Poland via Vinci (BGK Group)", "amount": null, "amount_text": "not disclosed", "currency": null, "valuation_reported": null, "summary": "The Polish government took a stake in ElevenLabs through Vinci, part of BGK Group. For: Stake supporting AI Lab Poland initiative.", "sources_text": "https://elevenlabs.io/blog/poland-invests-in-elevenlabs — \"The Government of Poland has taken a stake in ElevenLabs.\"", "source_urls": [ "https://elevenlabs.io/blog/poland-invests-in-elevenlabs" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-06-18", "date_sort": "2026-06-18", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "not disclosed", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "not disclosed", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-9007", "date": "2026-06-18", "year": "2026", "kind": "partnership", "company_text": "Boltz", "company_id": "BIZ-LAB-2007", "counterparty": "Takeda", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Boltz announces a collaboration with Takeda. For: deployment of Boltz models at Takeda.", "sources_text": "https://boltz.com/news — \"Boltz Announces Collaboration with Takeda to Deploy Frontier Biomolecular AI Models.\"", "source_urls": [ "https://boltz.com/news", "https://boltz.com/boltzmol-boltzprot-api", "https://phylo.bio/blog/boltz-partnership" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-06-18", "date_sort": "2026-06-18", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-5011", "date": "2026-06-17", "year": "2026", "kind": "partnership", "company_text": "Wayve", "company_id": "BIZ-LAB-003", "counterparty": "Stellantis; Uber", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Stellantis, Wayve and Uber agreed to build and deploy driverless robotaxis worldwide. For: Development and deployment of Level 4 (driverless) robotaxis.", "sources_text": "https://wayve.ai/press/stellantis-wayve-uber-robotaxi-partnership/ — \"Stellantis, Wayve, and Uber are partnering to develop and deploy Level 4 (driverless) robotaxis at a global scale.\"", "source_urls": [ "https://wayve.ai/press/stellantis-wayve-uber-robotaxi-partnership/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-06-17", "date_sort": "2026-06-17", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-8005", "date": "2026-06-17", "year": "2026", "kind": "partnership", "company_text": "Wayve", "company_id": "BIZ-LAB-003", "counterparty": "Stellantis; Uber", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Three-way robotaxi partnership For: Robotaxis at global scale.", "sources_text": "https://wayve.ai/press/category/press-release/ — \"Stellantis, Wayve, and Uber Partner to Scale Robotaxis Globally\"", "source_urls": [ "https://wayve.ai/press/category/press-release/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-06-17", "date_sort": "2026-06-17", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-9001", "date": "2026-06-17", "year": "2026", "kind": "funding_round", "company_text": "Odyssey", "company_id": "BIZ-LAB-2004", "counterparty": "Natural Capital", "amount": 310000000, "amount_text": "310000000", "currency": "USD", "valuation_reported": "1450000000 USD", "summary": "Odyssey raises a $310m Series B at a $1.45bn valuation, led by Natural Capital. For: Series B; scaling world models; AWS becomes preferred cloud. Other investors: Amazon; AMD Ventures; GV; EQT; IQT; angels Jeff Dean, Elad Gil, Garry Tan, Guillermo Rauch, Kyle Vogt. Valuation reported: 1450000000 USD.", "sources_text": "https://press.airstreet.com/p/odyssey-series-b — \"$310M Series B\" ; https://techcrunch.com/2026/06/17/world-model-maker-odyssey-nabs-1-45b-valuation-backed-by-amazon-and-other-big-names/ (trade) — \"led by Natural Capital\"", "source_urls": [ "https://press.airstreet.com/p/odyssey-series-b", "https://techcrunch.com/2026/06/17/world-model-maker-odyssey-nabs-1-45b-valuation-backed-by-amazon-and-other-big-names/" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-06-17", "date_sort": "2026-06-17", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": 231446917, "fx_rate": 1.3394, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3394 per £ on 2026-06-17", "fx_date": "2026-06-17", "fx_note": "", "txt": "US$310m", "gbp_txt": "£231.4m", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-3006", "date": "2026-06-16", "year": "2026", "kind": "partnership", "company_text": "Google DeepMind", "company_id": "BIZ-LAB-001", "counterparty": "Incubator for AI (i.AI), UK government", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "DeepMind and i.AI are trialling an AI planning prototype in three councils. Possible overlap with DEAL-SVC-013. For: Gemini-based planning-application prototype aiming to halve decision times; national rollout planned from 2027. Other investors: Barnet, Camden and Dorset councils (trials).", "sources_text": "https://deepmind.google/blog/unlocking-uk-house-building-with-ai-accelerated-planning/ — \"Crucially, the planning officer remains in full control as the final decision-maker.\"", "source_urls": [ "https://deepmind.google/blog/unlocking-uk-house-building-with-ai-accelerated-planning/" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-06-16", "date_sort": "2026-06-16", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-8024", "date": "2026-06-16", "year": "2026", "kind": "partnership", "company_text": "Ineffable Intelligence", "company_id": "BIZ-LAB-012", "counterparty": "Google Cloud", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Ineffable picks Google Cloud For: Preferred cloud partner for RL infrastructure.", "sources_text": "(trade) https://www.uktech.news/ai/ineffable-intelligence-and-google-cloud-partner-on-new-frontier-ai-lab-20260616 — \"We evaluated the space and chose Google Cloud as the best fit for our reinforcement learning infrastructure.\"", "source_urls": [ "https://www.uktech.news/ai/ineffable-intelligence-and-google-cloud-partner-on-new-frontier-ai-lab-20260616" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-06-16", "date_sort": "2026-06-16", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-INV-2033", "date": "2026-06-12", "year": "2026", "kind": "funding_round", "company_text": "PhysicsX", "company_id": "BIZ-LAB-008", "counterparty": "Temasek, M&G Investments, Intrepid Growth Partners, Applied Materials and others", "amount": null, "amount_text": "225m", "currency": "GBP", "valuation_reported": null, "summary": "PhysicsX (AI physics simulation for engineering) raised £225m (Series C), reported by UKTN weekly roundup.", "sources_text": "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-physicsx-to-record-os-20260612 — \"AI-native physics simulation and engineering platform\" (trade)", "source_urls": [ "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-physicsx-to-record-os-20260612" ], "confidence": "single_source", "ledger": "page", "page": "investors", "render": true, "date_text": "2026-06-12 (week ending)", "date_sort": "2026-06-12", "before_ledger_start": false, "week_ending": true, "trade": true, "round4": true, "amount_as_written": "225m", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "225m GBP", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-5023", "date": "2026-06-09", "year": "2026", "kind": "partnership", "company_text": "Synthesia", "company_id": "BIZ-LAB-004", "counterparty": "UK Government", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Synthesia signed an MoU with the UK Government on AI adoption and skills. For: Memorandum of understanding on AI adoption and upskilling.", "sources_text": "https://www.synthesia.io/blog/category/synthesia — \"Synthesia and the UK Government sign Memorandum of Understanding to advance AI adoption and upskilling across the UK\"", "source_urls": [ "https://www.synthesia.io/blog/category/synthesia" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-06-09", "date_sort": "2026-06-09", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-8009", "date": "2026-06-09", "year": "2026", "kind": "partnership", "company_text": "Synthesia", "company_id": "BIZ-LAB-004", "counterparty": "UK Government", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Synthesia and UK Government sign MoU For: MoU on AI adoption and upskilling.", "sources_text": "https://www.synthesia.io/blog/category/synthesia — \"Synthesia and the UK Government sign Memorandum of Understanding to advance AI adoption and upskilling across the UK\"", "source_urls": [ "https://www.synthesia.io/blog/category/synthesia" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-06-09", "date_sort": "2026-06-09", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-INV-004", "date": "2026-06-08", "year": "2026", "kind": "funding_round", "company_text": "PhysicsX (BIZ-LAB-008)", "company_id": "BIZ-LAB-008", "counterparty": "British Business Bank incl. British Growth Partnership Fund I; round led by Temasek", "amount": 25000000, "amount_text": "25000000", "currency": "USD", "valuation_reported": null, "summary": "BBB invested US$25m in PhysicsX's US$300m Series C", "sources_text": "https://www.british-business-bank.co.uk/news-and-events/news/british-business-bank-invests-25m-investment-physicsx-including-fourth-investment-british-growth — \"invested $25m into PhysicsX\" ; https://www.physicsx.ai/newsroom/physicsx-announces-300m-series-c-to-accelerate-physics-ai-for-industrial-engineering — \"$300 million\"", "source_urls": [ "https://www.british-business-bank.co.uk/news-and-events/news/british-business-bank-invests-25m-investment-physicsx-including-fourth-investment-british-growth", "https://www.physicsx.ai/newsroom/physicsx-announces-300m-series-c-to-accelerate-physics-ai-for-industrial-engineering" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-06-08", "date_sort": "2026-06-08", "before_ledger_start": false, "amount_gbp": 18735012, "fx_rate": 1.3344, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3344 per £ on 2026-06-08", "fx_date": "2026-06-08", "fx_note": "", "txt": "US$25m", "gbp_txt": "£18.7m", "show": true }, { "id": "DEAL-LAB-020", "date": "2026-06-08", "year": "2026", "kind": "funding_round", "company_text": "PhysicsX (BIZ-LAB-008)", "company_id": "BIZ-LAB-008", "counterparty": "Temasek", "amount": 300000000, "amount_text": "300000000", "currency": "USD", "valuation_reported": "2400000000 USD (\"approximately\")", "summary": "Series C [Labs Round 7] Company release: US$300m at about US$2.4bn; UKTN calls it a Series C.", "sources_text": "https://www.physicsx.ai/newsroom/physicsx-announces-300m-series-c-to-accelerate-physics-ai-for-industrial-engineering — \"oversubscribed $300 million Series C financing\"; https://tech.eu/2026/06/08/physicsx-raises-300m-at-24bn-valuation/ — \"$300m\" \"$2.4bn\"", "source_urls": [ "https://www.physicsx.ai/newsroom/physicsx-announces-300m-series-c-to-accelerate-physics-ai-for-industrial-engineering", "https://tech.eu/2026/06/08/physicsx-raises-300m-at-24bn-valuation/" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "same_event_as": "DEAL-INV-004", "date_text": "2026-06-08", "date_sort": "2026-06-08", "before_ledger_start": false, "amount_gbp": 224820144, "fx_rate": 1.3344, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3344 per £ on 2026-06-08", "fx_date": "2026-06-08", "fx_note": "", "txt": "US$300m", "gbp_txt": "£224.8m", "show": true, "same_event_ids": [ "DEAL-LAB-2027" ] }, { "id": "DEAL-LAB-3010", "date": "2026-06-08", "year": "2026", "kind": "partnership", "company_text": "Cosine", "company_id": "BIZ-SW-014", "counterparty": "Coalition of 13: BAE Systems, Babcock International Group, BT, Era4, HSBC, Leonardo, Lloyds Banking Group, LSEG, NatWest Group, PwC, Telefónica Tech UK&I, Thales UK, The Alan Turing Institute", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Thirteen UK organisations signed up to shape Cosine's sovereign frontier model. For: Agreements (MoUs, per AML Intelligence for the three banks) to co-design Lumen Sovereign, a UK-trained frontier model for critical sectors.", "sources_text": "https://cosine.sh/blog/building-lumen-sovereign-uk-industry-coalition — \"including BAE Systems, Babcock International Group, BT, Era4, HSBC, Leonardo, Lloyds Banking Group,\" ; https://www.amlintelligence.com/2026/07/news-hsbc-lloyds-and-natwest-to-develop-uks-first-sovereign-ai-model/ (trade, 3 Jul 2026)", "source_urls": [ "https://cosine.sh/blog/building-lumen-sovereign-uk-industry-coalition", "https://www.amlintelligence.com/2026/07/news-hsbc-lloyds-and-natwest-to-develop-uks-first-sovereign-ai-model/" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-06-08", "date_sort": "2026-06-08", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-5015", "date": "2026-06-08", "year": "2026", "kind": "partnership", "company_text": "ElevenLabs", "company_id": "BIZ-LAB-005", "counterparty": "Department for Science, Innovation and Technology (UK Government)", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "ElevenLabs signed an MoU with DSIT and announced a larger London headquarters. For: Memorandum of understanding on voice AI in public services, accessibility, AI security, skills; London HQ expansion.", "sources_text": "https://elevenlabs.io/blog/uk-mou-and-expansion — \"find new ways to use voice AI to improve public services\"", "source_urls": [ "https://elevenlabs.io/blog/uk-mou-and-expansion" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-06-08", "date_sort": "2026-06-08", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-8011", "date": "2026-06-08", "year": "2026", "kind": "partnership", "company_text": "ElevenLabs", "company_id": "BIZ-LAB-005", "counterparty": "UK Government", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "ElevenLabs partners with UK Government and expands London HQ For: Voice AI in public services; London HQ expansion.", "sources_text": "https://elevenlabs.io/blog — \"ElevenLabs partners with the UK Government to bring voice AI to public services, as it expands London HQ\"", "source_urls": [ "https://elevenlabs.io/blog" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-06-08", "date_sort": "2026-06-08", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-13001", "date": "2026-06-08", "year": "2026", "kind": "partnership", "company_text": "Wellcome Sanger Institute AI genomics", "company_id": "BIZ-LAB-13007", "counterparty": "Google DeepMind; Google.org", "amount": null, "amount_text": "5,000,000 a year (five-year intention)", "currency": "USD", "valuation_reported": null, "summary": "Google DeepMind and Google.org commit US$5m a year to a Sanger AI genomics consortium, announced at the AI x BIO conference. For: A new AI consortium for genomics building AI-ready genomic datasets to train machine learning models.", "sources_text": "https://www.sanger.ac.uk/news_item/google-deepmind-google-org-and-sanger-institute-to-launch-new-ai-consortium-for-genomics/ — \"build the data backbone needed to decode the complexities of biological processes.\"", "source_urls": [ "https://www.sanger.ac.uk/news_item/google-deepmind-google-org-and-sanger-institute-to-launch-new-ai-consortium-for-genomics/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-06-08", "date_sort": "2026-06-08", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "5,000,000 a year (five-year intention)", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "5,000,000 a year (five-year intention) USD reported", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-4003", "date": "2026-06-04", "year": "2026", "kind": "partnership", "company_text": "DaltonTx", "company_id": "BIZ-LAB-4001", "counterparty": "Sygnature Discovery", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Contract research firm Sygnature Discovery adopts the Dalton platform. For: Dalton joins Sygnature's computational chemistry toolkit; retrospective test on an oncology programme now in Phase I.", "sources_text": "https://daltontx.com/news/dalton-platform-launch — \"Dalton is designed to help drug discovery teams learn faster from every decision they make.\"", "source_urls": [ "https://daltontx.com/news/dalton-platform-launch" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-06-04", "date_sort": "2026-06-04", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-5022", "date": "2026-06-03", "year": "2026", "kind": "partnership", "company_text": "Synthesia", "company_id": "BIZ-LAB-004", "counterparty": "Multiverse", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Synthesia and Multiverse partnered to help UK workers adopt AI. For: AI adoption training for UK workers.", "sources_text": "https://www.synthesia.io/blog/category/synthesia — \"Synthesia and Multiverse partner to drive AI adoption by UK workers\"", "source_urls": [ "https://www.synthesia.io/blog/category/synthesia" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-06-03", "date_sort": "2026-06-03", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-14006", "date": "2026-06", "year": "2026", "kind": "partnership", "company_text": "Prima Mente", "company_id": "BIZ-LAB-017", "counterparty": "Nebius", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Nebius customer story reports a 12% pre-training throughput gain for Pleiades on 16 nodes. For: Compute and engineering for scaling the Pleiades models (BIZ-LAB-14049).", "sources_text": "https://www.primamente.com/research/ — \"improving pre-training throughput by 12% to 1.19 million tokens per second on 16 nodes\"", "source_urls": [ "https://www.primamente.com/research/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-06", "date_sort": "2026-06-00", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-INV-020", "date": "2026-05-29", "year": "2026", "kind": "funding_round", "company_text": "Inherent (BIZ-LAB-014)", "company_id": "BIZ-LAB-014", "counterparty": "Index Ventures and Radical Ventures (co-leads)", "amount": 50000000, "amount_text": "50000000", "currency": "USD", "valuation_reported": null, "summary": "Seed round co-led by Index and Radical", "sources_text": "https://tech.eu/2026/05/29/london-based-ai-lab-inherent-emerges-from-stealth-with-50m-raise/ — $50m seed (trade)", "source_urls": [ "https://tech.eu/2026/05/29/london-based-ai-lab-inherent-emerges-from-stealth-with-50m-raise/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-05-29", "date_sort": "2026-05-29", "before_ledger_start": false, "amount_gbp": 37097492, "fx_rate": 1.3478, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3478 per £ on 2026-05-29", "fx_date": "2026-05-29", "fx_note": "", "txt": "US$50m", "gbp_txt": "£37.1m", "show": true }, { "id": "DEAL-LAB-027", "date": "2026-05-29", "year": "2026", "kind": "funding_round", "company_text": "Inherent (BIZ-LAB-014)", "company_id": "BIZ-LAB-014", "counterparty": "Index Ventures and Radical Ventures", "amount": 50000000, "amount_text": "50000000", "currency": "USD", "valuation_reported": null, "summary": "Seed [Labs Round 8] UKTN's text gives £37.2m; its headline says £40m.", "sources_text": "https://tech.eu/2026/05/29/london-based-ai-lab-inherent-emerges-from-stealth-with-50m-raise/ — \"$50m seed round\"; https://www.uktech.news/ai/london-based-ai-lab-inherent-emerges-from-stealth-with-40m-raise-20260529 — \"$50m (£37.2m) fund raise\"", "source_urls": [ "https://tech.eu/2026/05/29/london-based-ai-lab-inherent-emerges-from-stealth-with-50m-raise/", "https://www.uktech.news/ai/london-based-ai-lab-inherent-emerges-from-stealth-with-40m-raise-20260529" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "same_event_as": "DEAL-INV-020", "date_text": "2026-05-29", "date_sort": "2026-05-29", "before_ledger_start": false, "amount_gbp": 37097492, "fx_rate": 1.3478, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3478 per £ on 2026-05-29", "fx_date": "2026-05-29", "fx_note": "", "txt": "US$50m", "gbp_txt": "£37.1m", "show": true, "same_event_ids": [ "DEAL-LAB-2009" ] }, { "id": "DEAL-INV-2036", "date": "2026-05-29", "year": "2026", "kind": "funding_round", "company_text": "Inherent", "company_id": "BIZ-LAB-014", "counterparty": "Index Ventures", "amount": null, "amount_text": "37.2m", "currency": "GBP", "valuation_reported": null, "summary": "Inherent (AI research lab) raised £37.2m (Stealth), reported by UKTN weekly roundup.", "sources_text": "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-inherent-to-mykor-20260529 — \"AI research lab building an AI system named \"Faraday\"\" (trade)", "source_urls": [ "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-inherent-to-mykor-20260529" ], "confidence": "single_source", "ledger": "page", "page": "investors", "render": true, "date_text": "2026-05-29 (week ending)", "date_sort": "2026-05-29", "before_ledger_start": false, "week_ending": true, "trade": true, "round4": true, "amount_as_written": "37.2m", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "37.2m GBP", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-036", "date": "2026-05-28", "year": "2026", "kind": "funding_round", "company_text": "Orbital Industries (BIZ-LAB-024)", "company_id": "BIZ-LAB-024", "counterparty": "Plural", "amount": 50000000, "amount_text": "50000000", "currency": "USD", "valuation_reported": null, "summary": "Series B; NVentures, Radical Ventures, Compound and Fly Ventures took part", "sources_text": "https://tech.eu/2026/05/28/orbital-industries-secures-50m-to-scale-data-centre-infrastructure-systems/ — \"has raised $50 million in a Series B funding round led by Plural.\"", "source_urls": [ "https://tech.eu/2026/05/28/orbital-industries-secures-50m-to-scale-data-centre-infrastructure-systems/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-05-28", "date_sort": "2026-05-28", "before_ledger_start": false, "amount_gbp": 37224538, "fx_rate": 1.3432, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3432 per £ on 2026-05-28", "fx_date": "2026-05-28", "fx_note": "", "txt": "US$50m", "gbp_txt": "£37.2m", "show": true }, { "id": "DEAL-LAB-8025", "date": "2026-05-28", "year": "2026", "kind": "rename", "company_text": "Orbital Industries", "company_id": "BIZ-LAB-024", "counterparty": null, "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Rename For: Orbital Materials renamed Orbital Industries with its Series B.", "sources_text": "(trade) https://thenextweb.com/news/orbital-industries-50m-series-b-data-center-cooling — \"formerly known as Orbital Materials\"", "source_urls": [ "https://thenextweb.com/news/orbital-industries-50m-series-b-data-center-cooling" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-05-28", "date_sort": "2026-05-28", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-4002", "date": "2026-05-27", "year": "2026", "kind": "partnership", "company_text": "DaltonTx", "company_id": "BIZ-LAB-4001", "counterparty": "Bonito Biosciences", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "DaltonTx and Bonito Biosciences pair data and AI to design drug-delivery ligands. For: AI-driven discovery of delivery ligands for oligotherapeutics, starting with the central nervous system.", "sources_text": "https://daltontx.com/news/bonito-collaboration — \"AI systems are only as powerful as the quality and dimensionality of the underlying biological data.\"", "source_urls": [ "https://daltontx.com/news/bonito-collaboration" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-05-27", "date_sort": "2026-05-27", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LC-093", "date": "2026-05-25", "year": "2026", "kind": "funding_round", "company_text": "Imperagen (new)", "company_id": "BIZ-SU-IND-611", "counterparty": "not named", "amount": 5000000, "amount_text": "5000000", "currency": "GBP", "valuation_reported": null, "summary": "Seed to accelerate AI-driven enzyme engineering (tech.eu recap, week to 25 May 2026; UKTN dated 21 May 2026).", "sources_text": "https://tech.eu/2026/05/25/european-tech-weekly-recap-over-eur11b-invested-across-65-deals/ — \"£5M seed round to accelerate AI-driven enzyme engineering\" (trade, tech.eu)", "source_urls": [ "https://tech.eu/2026/05/25/european-tech-weekly-recap-over-eur11b-invested-across-65-deals/", "https://tech.eu/2026/05/21/imperagen-raises-ps5m-seed-round-to-accelerate-ai-driven-enzyme-engineering/" ], "confidence": "single_source", "ledger": "ledger2", "page": "startups", "render": true, "date_text": "2026-05-25", "date_sort": "2026-05-25", "before_ledger_start": false, "amount_gbp": 5000000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£5m", "gbp_txt": "£5m", "show": true }, { "id": "DEAL-INV-2042", "date": "2026-05-22", "year": "2026", "kind": "funding_round", "company_text": "Imperagen", "company_id": "BIZ-SU-IND-611", "counterparty": "PXN Ventures, IQ Capital, Northern Gritstone", "amount": null, "amount_text": "5m", "currency": "GBP", "valuation_reported": null, "summary": "Imperagen (AI enzyme design) raised £5m (Seed), reported by UKTN weekly roundup.", "sources_text": "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-primer-to-tympahealth-20260522 — \"combines quantum simulation, custom AI models, and robotic laboratory automation\" (trade)", "source_urls": [ "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-primer-to-tympahealth-20260522" ], "confidence": "single_source", "ledger": "page", "page": "investors", "render": true, "date_text": "2026-05-22 (week ending)", "date_sort": "2026-05-22", "before_ledger_start": false, "week_ending": true, "trade": true, "round4": true, "amount_as_written": "5m", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "5m GBP", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-8004", "date": "2026-05-21", "year": "2026", "kind": "partnership", "company_text": "Wayve", "company_id": "BIZ-LAB-003", "counterparty": "Stellantis", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Stellantis to use Wayve AI for door-to-door supervised driving For: Hands-free supervised automated driving.", "sources_text": "https://wayve.ai/press/category/press-release/ — \"Stellantis and Wayve Partner to Bring Hands-Free Door-to-Door Supervised Automated Driving at Scale\"", "source_urls": [ "https://wayve.ai/press/category/press-release/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-05-21", "date_sort": "2026-05-21", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-INV-2045", "date": "2026-05-15", "year": "2026", "kind": "funding_round", "company_text": "Isomorphic Labs", "company_id": "BIZ-LAB-002", "counterparty": "Thrive Capital, Alphabet, GV, MGX and others", "amount": null, "amount_text": "1.6bn", "currency": "GBP", "valuation_reported": null, "summary": "Isomorphic Labs (AI drug discovery) raised £1.6bn (Series B), reported by UKTN weekly roundup.", "sources_text": "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-isomorphic-labs-to-h2chp-20260515 — \"uses AI to transform the drug discovery process\" (trade)", "source_urls": [ "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-isomorphic-labs-to-h2chp-20260515" ], "confidence": "single_source", "ledger": "page", "page": "investors", "render": true, "date_text": "2026-05-15 (week ending)", "date_sort": "2026-05-15", "before_ledger_start": false, "week_ending": true, "trade": true, "round4": true, "amount_as_written": "1.6bn", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "1.6bn GBP", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-026", "date": "2026-05-13", "year": "2026", "kind": "funding_round", "company_text": "Recursive Superintelligence (BIZ-LAB-013)", "company_id": "BIZ-LAB-013", "counterparty": "GV and Greycroft", "amount": 650000000, "amount_text": "650000000", "currency": "USD", "valuation_reported": "4650000000 USD", "summary": "Launch round, \"over\" US$650m; stage not named [Labs Round 8] NVIDIA and AMD took part.", "sources_text": "https://tech.eu/2026/05/13/recursive-superintelligence-emerges-from-stealth-with-650m-raise/ — raised over $650 million at $4.65 billion (as reported)", "source_urls": [ "https://tech.eu/2026/05/13/recursive-superintelligence-emerges-from-stealth-with-650m-raise/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-05-13", "date_sort": "2026-05-13", "before_ledger_start": false, "amount_gbp": 480982685, "fx_rate": 1.3514, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3514 per £ on 2026-05-13", "fx_date": "2026-05-13", "fx_note": "", "txt": "US$650m", "gbp_txt": "£481m", "show": true, "same_event_ids": [ "DEAL-LAB-2008" ] }, { "id": "DEAL-LAB-8023", "date": "2026-05-13", "year": "2026", "kind": "partnership", "company_text": "Ineffable Intelligence", "company_id": "BIZ-LAB-012", "counterparty": "NVIDIA", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Engineering collaboration with NVIDIA For: Co-designed RL training infrastructure (Grace Blackwell; early Vera Rubin).", "sources_text": "https://www.ineffable.ai/blog/nvidia-ineffable-intelligence-team-up-to-build-the-future-of-reinforcement-learning-infrastructure — \"The next frontier of AI is superlearners — systems that learn continuously from experience,\"", "source_urls": [ "https://www.ineffable.ai/blog/nvidia-ineffable-intelligence-team-up-to-build-the-future-of-reinforcement-learning-infrastructure" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-05-13", "date_sort": "2026-05-13", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-003", "date": "2026-05-12", "year": "2026", "kind": "funding_round", "company_text": "Isomorphic Labs (BIZ-LAB-002)", "company_id": "BIZ-LAB-002", "counterparty": "Thrive Capital", "amount": 2100000000, "amount_text": "2100000000", "currency": "USD", "valuation_reported": null, "summary": "Series B; UK Sovereign AI Fund among new investors", "sources_text": "https://www.isomorphiclabs.com/press/isomorphic-labs-funding — \"$2.1 Billion in Series B funding\"; https://tech.eu/2026/05/13/isomorphic-labs-lands-2-1bn-investment/ — \"raised $2.1bn in a Series B funding.\"", "source_urls": [ "https://www.isomorphiclabs.com/press/isomorphic-labs-funding", "https://tech.eu/2026/05/13/isomorphic-labs-lands-2-1bn-investment/", "https://www.isomorphiclabs.com/articles/isomorphic-labs-announces-series-b-investment-round", "https://www.fiercebiotech.com/biotech/alphabets-ai-biotech-isomorphic-labs-bags-21b-series-b-fuel-next-gen-drug-design-model", "https://www.uktech.news/medtech/isomorphic-labs-raises-1-6bn-to-scale-ai-drug-design-engine-20260513" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "same_event_as": "DEAL-X-024", "date_text": "2026-05-12", "date_sort": "2026-05-12", "before_ledger_start": false, "amount_gbp": 1552680222, "fx_rate": 1.3525, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3525 per £ on 2026-05-12", "fx_date": "2026-05-12", "fx_note": "", "txt": "US$2.10bn", "gbp_txt": "£1.55bn", "show": true, "same_event_ids": [ "DEAL-X-024", "DEAL-LAB-2006" ] }, { "id": "DEAL-LAB-4005", "date": "2026-05-12", "year": "2026", "kind": "funding_round", "company_text": "Tolemy Bio", "company_id": "BIZ-LAB-4002", "counterparty": "Norrsken Evolve", "amount": 1400000, "amount_text": "1,400,000", "currency": "EUR", "valuation_reported": null, "summary": "Tolemy Bio raises a €1.4m pre-seed round. For: Orbit virtual-cell platform and early deployments. Other investors: Big Sur Ventures; JME Ventures; Masia; an unnamed UK stealth fund.", "sources_text": "https://tech.eu/2026/05/12/tolemy-bio-lands-eur14m-to-power-ai-driven-cell-biology/ (trade) — \"Our platform, Orbit, is designed to connect experimental data with AI models,\"", "source_urls": [ "https://tech.eu/2026/05/12/tolemy-bio-lands-eur14m-to-power-ai-driven-cell-biology/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-05-12", "date_sort": "2026-05-12", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": 1214856, "fx_rate": 1.1524, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), €1.1524 per £ on 2026-05-12", "fx_date": "2026-05-12", "fx_note": "", "txt": "€1.4m", "gbp_txt": "£1.2m", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-8003", "date": "2026-05-12", "year": "2026", "kind": "partnership", "company_text": "Wayve", "company_id": "BIZ-LAB-003", "counterparty": "UK Government", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Wayve signs partnership with UK Government on self-driving For: Self-driving deployment in Britain.", "sources_text": "https://wayve.ai/press/category/press-release/ — \"Wayve Signs Partnership with UK Government to Accelerate Britain's Self‑Driving Future\"", "source_urls": [ "https://wayve.ai/press/category/press-release/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-05-12", "date_sort": "2026-05-12", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-046", "date": "2026-05-05", "year": "2026", "kind": "funding_round", "company_text": "ElevenLabs (BIZ-LAB-005)", "company_id": "BIZ-LAB-005", "counterparty": "BlackRock, Wellington, D.E. Shaw, Schroders, NVentures, Santander, T.Capital and others", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Third close of the Series D, amount not disclosed; a further US$100m tender closed alongside", "sources_text": "https://elevenlabs.io/blog/500m-arr-and-new-investors — \"ElevenLabs crosses $500M ARR and welcomes new investors\" (title)", "source_urls": [ "https://elevenlabs.io/blog/500m-arr-and-new-investors", "https://tech.eu/2026/05/05/elevenlabs-adds-blackrock-nvidia-and-jamie-foxx-to-550m-series-d/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-05-05", "date_sort": "2026-05-05", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "same_event_ids": [ "DEAL-LAB-2024" ] }, { "id": "DEAL-INV-2051", "date": "2026-05-01", "year": "2026", "kind": "funding_round", "company_text": "Ineffable Intelligence", "company_id": "BIZ-LAB-012", "counterparty": "Sovereign AI Unit, British Business Bank, Sequioa, Lightspeed and others", "amount": null, "amount_text": "814m", "currency": "GBP", "valuation_reported": null, "summary": "Ineffable Intelligence (AI research lab (sector labelled AI)) raised £814m (Seed), reported by UKTN weekly roundup.", "sources_text": "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-enviromena-to-hds-20260501 — \"developing a new generation of algorithms that learn through experience\" (trade)", "source_urls": [ "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-enviromena-to-hds-20260501" ], "confidence": "single_source", "ledger": "page", "page": "investors", "render": true, "date_text": "2026-05-01 (week ending)", "date_sort": "2026-05-01", "before_ledger_start": false, "week_ending": true, "trade": true, "round4": true, "amount_as_written": "814m", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "814m GBP", "gbp_txt": "", "show": true }, { "id": "DEAL-INV-003", "date": "2026-04-27", "year": "2026", "kind": "funding_round", "company_text": "Ineffable Intelligence (BIZ-LAB-012)", "company_id": "BIZ-LAB-012", "counterparty": "British Business Bank (BIZ-INV-002), with Sovereign AI co-investing; round co-led by Sequoia and Lightspeed", "amount": 20000000, "amount_text": "20000000", "currency": "USD", "valuation_reported": "5100000000 USD (tech.eu)", "summary": "British Business Bank put US$20m into the US$1.1bn seed", "sources_text": "https://www.british-business-bank.co.uk/news-and-events/news/british-business-bank-and-sovereign-ai-invest-ai-superintelligence-company-ineffable-intelligence — \"$20m\" ; https://tech.eu/2026/04/27/ineffable-intelligence-launches-with-record-breaking-11b-seed-round/ — \"at a valuation of $5.1 billion\"", "source_urls": [ "https://www.british-business-bank.co.uk/news-and-events/news/british-business-bank-and-sovereign-ai-invest-ai-superintelligence-company-ineffable-intelligence", "https://tech.eu/2026/04/27/ineffable-intelligence-launches-with-record-breaking-11b-seed-round/" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-04-27", "date_sort": "2026-04-27", "before_ledger_start": false, "amount_gbp": 14753615, "fx_rate": 1.3556, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3556 per £ on 2026-04-27", "fx_date": "2026-04-27", "fx_note": "", "txt": "US$20m", "gbp_txt": "£14.8m", "show": true }, { "id": "DEAL-LAB-025", "date": "2026-04-27", "year": "2026", "kind": "funding_round", "company_text": "Ineffable Intelligence (BIZ-LAB-012)", "company_id": "BIZ-LAB-012", "counterparty": "Sequoia and Lightspeed", "amount": 1100000000, "amount_text": "1100000000", "currency": "USD", "valuation_reported": "5100000000 USD", "summary": "Seed; Sovereign AI Unit co-invested with the British Business Bank [Labs Round 8] Other investors named by tech.eu (27 April 2026): NVIDIA, DST Global, Index, Google, Flying Fish Ventures, EQT Ventures, Evantic Capital, Wellcome Trust, BOND Capital, British Business Bank, Sovereign AI Fund.", "sources_text": "https://tech.eu/2026/04/27/ineffable-intelligence-launches-with-record-breaking-11b-seed-round/ — \"has raised $1.1 billion in Seed funding\"; https://www.uktech.news/ai/ineffable-intelligence-secures-814m-seed-round-20260428 — \"$1.1bn (£814m) in seed funding\"", "source_urls": [ "https://tech.eu/2026/04/27/ineffable-intelligence-launches-with-record-breaking-11b-seed-round/", "https://www.uktech.news/ai/ineffable-intelligence-secures-814m-seed-round-20260428", "https://www.sovereignai.gov.uk/post/sovereign-ai-invests-in-ineffable-intelligence" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "same_event_as": "DEAL-INV-003", "date_text": "2026-04-27", "date_sort": "2026-04-27", "before_ledger_start": false, "amount_gbp": 811448805, "fx_rate": 1.3556, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3556 per £ on 2026-04-27", "fx_date": "2026-04-27", "fx_note": "", "txt": "US$1.10bn", "gbp_txt": "£811.4m", "show": true, "same_event_ids": [ "DEAL-LAB-2007" ] }, { "id": "DEAL-INV-2110", "date": "2026-04-27", "year": "2026", "kind": "funding_round", "company_text": "Ineffable Intelligence", "company_id": "BIZ-LAB-012", "counterparty": "Sequoia Capital, Lightspeed Venture Partners, Index Ventures, Google and others", "amount": null, "amount_text": "1.1bn", "currency": "USD", "valuation_reported": null, "summary": "same round as the UKTN row (£814m, labelled seed); TechCrunch gives a $5.1bn valuation. Ineffable Intelligence (AI research lab) raised $1.1bn (Not stated), reported by TechCrunch.", "sources_text": "https://techcrunch.com/2026/04/27/deepminds-david-silver-just-raised-1-1b-to-build-an-ai-that-learns-without-human-data/ — \"a British AI lab\"", "source_urls": [ "https://techcrunch.com/2026/04/27/deepminds-david-silver-just-raised-1-1b-to-build-an-ai-that-learns-without-human-data/" ], "confidence": "single_source", "ledger": "page", "page": "investors", "render": true, "date_text": "2026-04-27", "date_sort": "2026-04-27", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "1.1bn", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "1.1bn USD", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-3008", "date": "2026-04-23", "year": "2026", "kind": "partnership", "company_text": "Locai Labs", "company_id": "BIZ-LAB-2008", "counterparty": "First Light Fusion", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Locai Labs signed a contract to supply First Light Fusion with its own coding model. For: Supply contract: bespoke domain-specific coding LLM trained with Forget-Me-Not, run air-gapped in Oxford, retrained twice a year.", "sources_text": "https://locailabs.com/news/press-release-locai-labs-signs-contract-with-first-light-fusion-for-the-supply-of-a-domain-specific-llm-for-fusion-energy-research — \"We've been impressed by the quality and speed of the work delivered by Locai Labs.\"", "source_urls": [ "https://locailabs.com/news/press-release-locai-labs-signs-contract-with-first-light-fusion-for-the-supply-of-a-domain-specific-llm-for-fusion-energy-research" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-04-23", "date_sort": "2026-04-23", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-5021", "date": "2026-04-20", "year": "2026", "kind": "partnership", "company_text": "Synthesia", "company_id": "BIZ-LAB-004", "counterparty": "KnowBe4", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "KnowBe4 and Synthesia partnered on AI video for security training. For: AI video for cybersecurity training.", "sources_text": "https://www.synthesia.io/blog/category/synthesia — \"KnowBe4 and Synthesia Transform Cybersecurity Training with AI Video\"", "source_urls": [ "https://www.synthesia.io/blog/category/synthesia" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-04-20", "date_sort": "2026-04-20", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-INV-2053", "date": "2026-04-17", "year": "2026", "kind": "funding_round", "company_text": "Wayve", "company_id": "BIZ-LAB-003", "counterparty": "AMD, Arm, Qualcomm Ventures", "amount": null, "amount_text": "44m", "currency": "GBP", "valuation_reported": null, "summary": "Wayve (AI autonomous driving software (sector labelled AI)) raised £44m (Series D extension), reported by UKTN weekly roundup.", "sources_text": "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-wayve-to-the-little-loop-20260417 — \"Wayve develops autonomous driving software\" (trade)", "source_urls": [ "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-wayve-to-the-little-loop-20260417" ], "confidence": "single_source", "ledger": "page", "page": "investors", "render": true, "date_text": "2026-04-17 (week ending)", "date_sort": "2026-04-17", "before_ledger_start": false, "week_ending": true, "trade": true, "round4": true, "amount_as_written": "44m", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "44m GBP", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-2035", "date": "2026-04-16", "year": "2026", "kind": "grant", "company_text": "Cosine; Cursive; Odyssey; Twig Bio; Prima Mente", "company_id": null, "counterparty": "Sovereign AI / AI Research Resource", "amount": null, "amount_text": "undisclosed (up to 1 million GPU hours per start-up on offer)", "currency": null, "valuation_reported": null, "summary": "First Sovereign AI compute agreements for UK AI firms. [Labs Round 7] sovereignai.gov.uk: \"we've deployed over 3 million GPU hours – worth an estimated £14 million\" to six UK frontier AI companies. Not added to any total.", "sources_text": "https://www.gov.uk/government/news/ai-firms-pioneering-drug-discovery-cheaper-supercomputing-and-more-get-first-backing-through-uks-sovereign-ai", "source_urls": [ "https://www.gov.uk/government/news/ai-firms-pioneering-drug-discovery-cheaper-supercomputing-and-more-get-first-backing-through-uks-sovereign-ai", "https://sovereignai.gov.uk/post/our-first-investments" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-04-16", "date_sort": "2026-04-16", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "over 3 million GPU hours, \"worth an estimated £14 million\" (not split by company)", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "over 3 million GPU hours, \"worth an estimated £14 million\" (not split by company)", "gbp_txt": "", "show": true }, { "id": "DEAL-CLD-6001", "date": "2026-04-16", "year": "2026", "kind": "compute_grant", "company_text": "Prima Mente", "company_id": "BIZ-LAB-017", "counterparty": "Sovereign AI Unit (BIZ-INV-001), via AIRR", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "One of six start-ups in the Sovereign AI Unit's first compute round (over 3m GPU hours, est. £14m in total); used for dementia blood-test foundation models. Buys or funds: 1,000,000 GPU hours on Isambard-AI.", "sources_text": "https://www.gov.uk/government/news/ai-firms-pioneering-drug-discovery-cheaper-supercomputing-and-more-get-first-backing-through-uks-sovereign-ai — \"A further 6 startups will receive access to the AI Research Resource (AIRR) supercomputer network\"; https://www.bristol.ac.uk/research/centres/bristol-supercomputing/articles/2026/stories-from-a-sovereign-ai-supercomputer-.html — \"Access to Isambard-AI's one million GPU hours came through the UK's Sovereign AI Fund.\"", "source_urls": [ "https://www.gov.uk/government/news/ai-firms-pioneering-drug-discovery-cheaper-supercomputing-and-more-get-first-backing-through-uks-sovereign-ai", "https://www.bristol.ac.uk/research/centres/bristol-supercomputing/articles/2026/stories-from-a-sovereign-ai-supercomputer-.html" ], "confidence": "verified", "ledger": "page", "page": "cloud", "render": true, "date_text": "2026-04-16", "date_sort": "2026-04-16", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "round6": true }, { "id": "DEAL-CLD-6003", "date": "2026-04-16", "year": "2026", "kind": "compute_grant", "company_text": "Cosine", "company_id": "BIZ-SW-014", "counterparty": "Sovereign AI Unit (BIZ-INV-001), via AIRR", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Defence and regulated-industry model builder given AIRR compute in the first Sovereign AI round. Buys or funds: AIRR GPU hours (figure not published).", "sources_text": "https://www.gov.uk/government/news/ai-firms-pioneering-drug-discovery-cheaper-supercomputing-and-more-get-first-backing-through-uks-sovereign-ai — \"A further 6 startups will receive access to the AI Research Resource (AIRR) supercomputer network\"; https://www.sovereignai.gov.uk/post/our-first-investments — \"to six frontier AI companies in the UK.\"", "source_urls": [ "https://www.gov.uk/government/news/ai-firms-pioneering-drug-discovery-cheaper-supercomputing-and-more-get-first-backing-through-uks-sovereign-ai", "https://www.sovereignai.gov.uk/post/our-first-investments" ], "confidence": "verified", "ledger": "page", "page": "cloud", "render": true, "date_text": "2026-04-16", "date_sort": "2026-04-16", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "round6": true }, { "id": "DEAL-CLD-6004", "date": "2026-04-16", "year": "2026", "kind": "compute_grant", "company_text": "Cursive", "company_id": "BIZ-LAB-2002", "counterparty": "Sovereign AI Unit (BIZ-INV-001), via AIRR", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Agent developer given AIRR compute in the first Sovereign AI round. Buys or funds: AIRR GPU hours (figure not published).", "sources_text": "https://www.gov.uk/government/news/ai-firms-pioneering-drug-discovery-cheaper-supercomputing-and-more-get-first-backing-through-uks-sovereign-ai — \"A further 6 startups will receive access to the AI Research Resource (AIRR) supercomputer network\"; https://www.sovereignai.gov.uk/post/our-first-investments — \"to six frontier AI companies in the UK.\"", "source_urls": [ "https://www.gov.uk/government/news/ai-firms-pioneering-drug-discovery-cheaper-supercomputing-and-more-get-first-backing-through-uks-sovereign-ai", "https://www.sovereignai.gov.uk/post/our-first-investments" ], "confidence": "verified", "ledger": "page", "page": "cloud", "render": true, "date_text": "2026-04-16", "date_sort": "2026-04-16", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "round6": true }, { "id": "DEAL-CLD-6005", "date": "2026-04-16", "year": "2026", "kind": "compute_grant", "company_text": "Twig Bio", "company_id": "BIZ-LAB-2003", "counterparty": "Sovereign AI Unit (BIZ-INV-001), via AIRR", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Engineering-biology model builder given AIRR compute in the first Sovereign AI round. Buys or funds: AIRR GPU hours for CANOPY model (figure not published).", "sources_text": "https://www.gov.uk/government/news/ai-firms-pioneering-drug-discovery-cheaper-supercomputing-and-more-get-first-backing-through-uks-sovereign-ai — \"A further 6 startups will receive access to the AI Research Resource (AIRR) supercomputer network\"; https://www.sovereignai.gov.uk/post/our-first-investments — \"to six frontier AI companies in the UK.\"", "source_urls": [ "https://www.gov.uk/government/news/ai-firms-pioneering-drug-discovery-cheaper-supercomputing-and-more-get-first-backing-through-uks-sovereign-ai", "https://www.sovereignai.gov.uk/post/our-first-investments" ], "confidence": "verified", "ledger": "page", "page": "cloud", "render": true, "date_text": "2026-04-16", "date_sort": "2026-04-16", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "round6": true }, { "id": "DEAL-CLD-6006", "date": "2026-04-16", "year": "2026", "kind": "compute_grant", "company_text": "Odyssey", "company_id": "BIZ-LAB-2004", "counterparty": "Sovereign AI Unit (BIZ-INV-001), via AIRR", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "World-model developer given AIRR compute in the first Sovereign AI round. Buys or funds: AIRR GPU hours for world models (figure not published).", "sources_text": "https://www.gov.uk/government/news/ai-firms-pioneering-drug-discovery-cheaper-supercomputing-and-more-get-first-backing-through-uks-sovereign-ai — \"A further 6 startups will receive access to the AI Research Resource (AIRR) supercomputer network\"; https://www.sovereignai.gov.uk/post/our-first-investments — \"to six frontier AI companies in the UK.\"", "source_urls": [ "https://www.gov.uk/government/news/ai-firms-pioneering-drug-discovery-cheaper-supercomputing-and-more-get-first-backing-through-uks-sovereign-ai", "https://www.sovereignai.gov.uk/post/our-first-investments" ], "confidence": "verified", "ledger": "page", "page": "cloud", "render": true, "date_text": "2026-04-16", "date_sort": "2026-04-16", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "round6": true }, { "id": "DEAL-LAB-039", "date": "2026-04-15", "year": "2026", "kind": "funding_round", "company_text": "Wayve (BIZ-LAB-003)", "company_id": "BIZ-LAB-003", "counterparty": "AMD, Arm and Qualcomm Ventures", "amount": 60000000, "amount_text": "60000000", "currency": "USD", "valuation_reported": null, "summary": "Extension of the US$1.2bn Series D", "sources_text": "https://wayve.ai/press/series-d-extension/ — \"$60 million investment\" … \"extending its Series D round\"", "source_urls": [ "https://wayve.ai/press/series-d-extension/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-04-15", "date_sort": "2026-04-15", "before_ledger_start": false, "amount_gbp": 44218439, "fx_rate": 1.3569, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3569 per £ on 2026-04-15", "fx_date": "2026-04-15", "fx_note": "", "txt": "US$60m", "gbp_txt": "£44.2m", "show": true }, { "id": "DEAL-LAB-3007", "date": "2026-04-14", "year": "2026", "kind": "partnership", "company_text": "Locai Labs", "company_id": "BIZ-LAB-2008", "counterparty": "Civo (BIZ-CLD-001)", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Locai Labs and Civo agreed to build and host UK sovereign models (records BIZ-CLD-4002/3011 exist; no deal row found). For: MoU for Project Mercury: sovereign model family (0.8–30B \"Edge Intelligence\" and 256B \"Frontier Power\") hosted on Civo's UK sovereign cloud; first model Jupiter.", "sources_text": "https://www.civo.com/newsroom/locai-labs-and-civo-unveil-project-mercury-the-uks-first-family-of-sovereign-frontier-models — \"This partnership proves the UK can develop, train and host sovereign LLMs entirely on home soil,\"", "source_urls": [ "https://www.civo.com/newsroom/locai-labs-and-civo-unveil-project-mercury-the-uks-first-family-of-sovereign-frontier-models" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-04-14", "date_sort": "2026-04-14", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-2032", "date": "2026-04-13", "year": "2026", "kind": "uk_office_opening", "company_text": "OpenAI London research hub", "company_id": "BIZ-LAB-2023", "counterparty": "Endurance Land (developer)", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "First permanent London office, about 88,500 sq ft, up to 544 staff, expected 2027.", "sources_text": "https://www.uktech.news/ai/openai-secures-first-permanent-london-office-to-support-growing-uk-presence-20260413", "source_urls": [ "https://www.uktech.news/ai/openai-secures-first-permanent-london-office-to-support-growing-uk-presence-20260413" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-04-13", "date_sort": "2026-04-13", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-8020", "date": "2026-03-17", "year": "2026", "kind": "partnership", "company_text": "PhysicsX", "company_id": "BIZ-LAB-008", "counterparty": "Siemens", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Siemens collaboration on data-centre power For: Data centre power infrastructure. Other investors: NVIDIA.", "sources_text": "https://www.physicsx.ai/newsroom — \"PhysicsX and Siemens Collaborate to Advance Data Center Power Infrastructure with Physics AI, Powered by NVIDIA\"", "source_urls": [ "https://www.physicsx.ai/newsroom" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-03-17", "date_sort": "2026-03-17", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-SU-HLT-011", "date": "2026-03-16", "year": "2026", "kind": "funding_round", "company_text": "Ternary Therapeutics (BIZ-SU-HLT-016)", "company_id": "BIZ-SU-HLT-016", "counterparty": "daphni", "amount": 3600000, "amount_text": "3600000", "currency": "GBP", "valuation_reported": null, "summary": "Seed round.", "sources_text": "https://www.uktech.news/medtech/biotech-building-molecular-glues-ai-platform-raises-3-6m-20260316 — \"has secured a £3.6m seed investment\" (accessed 2026-10-29)", "source_urls": [ "https://www.uktech.news/medtech/biotech-building-molecular-glues-ai-platform-raises-3-6m-20260316" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "date_text": "2026-03-16", "date_sort": "2026-03-16", "before_ledger_start": false, "amount_gbp": 3600000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£3.6m", "gbp_txt": "£3.6m", "show": true }, { "id": "DEAL-LAB-3002", "date": "2026-03-16", "year": "2026", "kind": "partnership", "company_text": "Hiverge", "company_id": "BIZ-LAB-016", "counterparty": "NVIDIA; Quantinuum; AWS", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Hiverge works with NVIDIA, Quantinuum and AWS on quantum algorithm discovery. For: Hive used to search for quantum algorithms for combinatorial optimisation, simulated on NVIDIA GPUs on AWS and tested on Quantinuum hardware.", "sources_text": "https://hiverge.ai/blog/quantinuum-nvidia-collaboration — \"Hiverge announces that it is working with NVIDIA, Quantinuum, and AWS\"", "source_urls": [ "https://hiverge.ai/blog/quantinuum-nvidia-collaboration" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-03-16", "date_sort": "2026-03-16", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-5010", "date": "2026-03-16", "year": "2026", "kind": "partnership", "company_text": "Wayve", "company_id": "BIZ-LAB-003", "counterparty": "Nissan; NVIDIA (DRIVE Hyperion)", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Wayve and Nissan showed a robotaxi prototype built on NVIDIA DRIVE Hyperion. For: Robotaxi prototype for Uber trials shown at NVIDIA GTC 2026.", "sources_text": "https://wayve.ai/press/wayve-nissan-robotaxi-gtc/ — \"Wayve and Nissan are exhibiting a global robotaxi prototype built on NVIDIA DRIVE Hyperion at NVIDIA GTC 2026\"", "source_urls": [ "https://wayve.ai/press/wayve-nissan-robotaxi-gtc/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-03-16", "date_sort": "2026-03-16", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-6004", "date": "2026-03-16", "year": "2026", "kind": "partnership", "company_text": "AlphaFold Protein Structure Database", "company_id": "BIZ-LAB-6010", "counterparty": "Google DeepMind", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Four partners add millions of predicted protein complexes to the AlphaFold Database. For: Calculation of 30 million protein complexes; 1.7 million high-confidence homodimers added to the database (heterodimers added 19 May 2026). Other investors: EMBL-EBI; NVIDIA; Seoul National University.", "sources_text": "https://www.ebi.ac.uk/about/news/technology-and-innovation/first-complexes-alphafold-database/ — \"Almost 80,000 high-confidence heterodimer predictions have been added to the AlphaFold Database.\"", "source_urls": [ "https://www.ebi.ac.uk/about/news/technology-and-innovation/first-complexes-alphafold-database/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-03-16", "date_sort": "2026-03-16", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-8019", "date": "2026-03-13", "year": "2026", "kind": "partnership", "company_text": "PhysicsX", "company_id": "BIZ-LAB-008", "counterparty": "GB1", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "PhysicsX powers GB1's America's Cup design For: Britain's America's Cup challenge yacht design.", "sources_text": "https://www.physicsx.ai/newsroom — \"PhysicsX Joins Forces with GB1 to Power Britain's America's Cup Challenge\"", "source_urls": [ "https://www.physicsx.ai/newsroom" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-03-13", "date_sort": "2026-03-13", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-5009", "date": "2026-03-12", "year": "2026", "kind": "partnership", "company_text": "Wayve", "company_id": "BIZ-LAB-003", "counterparty": "Uber; Nissan", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Wayve, Uber and Nissan signed an MoU to develop robotaxis, starting with a Tokyo pilot. For: Memorandum of understanding on robotaxis; Tokyo pilot planned late 2026.", "sources_text": "https://wayve.ai/press/wayve-nissan-uber-robotaxi-collaboration/ — \"Robotaxi pilot in Tokyo planned for late 2026, subject to discussions with relevant authorities.\"", "source_urls": [ "https://wayve.ai/press/wayve-nissan-uber-robotaxi-collaboration/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-03-12", "date_sort": "2026-03-12", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-7006", "date": "2026-03-11", "year": "2026", "kind": "partnership", "company_text": "PhysicsX", "company_id": "BIZ-LAB-008", "counterparty": "CoreWeave", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "PhysicsX moved model training and customer deployment onto CoreWeave's GPU cloud. For: PhysicsX platform and pre-trained models run on CoreWeave; customers train private Large Physics Models there.", "sources_text": "https://www.physicsx.ai/newsroom — \"PhysicsX and CoreWeave Partner to Deliver High-Performance Physics AI for Advanced Industrials\" (March 11, 2026)", "source_urls": [ "https://www.physicsx.ai/newsroom" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-03-11", "date_sort": "2026-03-11", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-8018", "date": "2026-03-11", "year": "2026", "kind": "partnership", "company_text": "PhysicsX", "company_id": "BIZ-LAB-008", "counterparty": "CoreWeave", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Compute partnership For: High-performance compute for physics AI.", "sources_text": "https://www.physicsx.ai/newsroom — \"PhysicsX and CoreWeave Partner to Deliver High-Performance Physics AI for Advanced Industrials\"", "source_urls": [ "https://www.physicsx.ai/newsroom" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-03-11", "date_sort": "2026-03-11", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-12017", "date": "2026-03-10", "year": "2026", "kind": "partnership", "company_text": "Antiverse", "company_id": "BIZ-SU-HLT-013", "counterparty": "Cystic Fibrosis Foundation", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Antiverse and the Cystic Fibrosis Foundation team up on antibodies For: Research agreement to develop new antibodies.", "sources_text": "https://www.antiverse.io/ — \"Research agreement with the Cystic Fibrosis Foundation\"; https://www.antiverse.io/news — \"Antiverse, Cystic Fibrosis Foundation team to develop new antibodies\"", "source_urls": [ "https://www.antiverse.io/", "https://www.antiverse.io/news" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-03-10", "date_sort": "2026-03-10", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-16013", "date": "2026-03-10", "year": "2026", "kind": "partnership", "company_text": "Antiverse", "company_id": "BIZ-SU-HLT-013", "counterparty": "Cystic Fibrosis Foundation", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Antiverse and the Cystic Fibrosis Foundation agreed to develop new antibodies. For: antibodies against the extracellular region of CFTR.", "sources_text": "https://www.antiverse.io/news — \"Antiverse, Cystic Fibrosis Foundation team to develop new antibodies\"; https://tech.eu/2026/03/03/antiverse-secures-93m-series-a-for-ai-antibody-platform/ (trade)", "source_urls": [ "https://www.antiverse.io/news", "https://tech.eu/2026/03/03/antiverse-secures-93m-series-a-for-ai-antibody-platform/" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-03-10", "date_sort": "2026-03-10", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-INV-2062", "date": "2026-03-06", "year": "2026", "kind": "funding_round", "company_text": "Oxa", "company_id": "BIZ-SU-IND-001", "counterparty": "National Wealth Fund, NVentures, IP Group, Hostplus and others", "amount": null, "amount_text": "77m", "currency": "GBP", "valuation_reported": null, "summary": "Oxa (autonomous driving software (sector labelled AI/mobility)) raised £77m (Series D), reported by UKTN weekly roundup.", "sources_text": "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-oxa-to-mutable-tactics-20260306 — \"Oxa develops autonomous driving technology for industrial use.\" (trade)", "source_urls": [ "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-oxa-to-mutable-tactics-20260306" ], "confidence": "single_source", "ledger": "page", "page": "investors", "render": true, "date_text": "2026-03-06 (week ending)", "date_sort": "2026-03-06", "before_ledger_start": false, "week_ending": true, "trade": true, "round4": true, "amount_as_written": "77m", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "77m GBP", "gbp_txt": "", "show": true }, { "id": "DEAL-X-023", "date": "2026-03-04", "year": "2026", "kind": "funding_round", "company_text": "Oxa (biz-oxa)", "company_id": "BIZ-SU-IND-001", "counterparty": "National Wealth Fund (largest named commitment; no lead stated)", "amount": 103000000, "amount_text": "103000000", "currency": "USD", "valuation_reported": null, "summary": "Oxa, which makes self-driving software for industrial vehicles, closed the first part of its Series D at $103m, including an initial $50m commitment from the National Wealth Fund. A second close was not confirmed.", "sources_text": "https://www.nationalwealthfund.org.uk/news-and-publications/news/oxa-raises-103m-in-series-d-first-close-backed-by-national-wealth-fund-and-leading-investors/ — \"today announced the successful first close of its Series D funding round, raising a total of $103m.\" ; https://www.hl.co.uk/shares/stock-market-news/company--news/oxa-secures-$103m-in-series-d-funding (Sharecast) — \"portfolio company Oxa Autonomy has completed its Series D funding round, raising $103m\"", "source_urls": [ "https://www.nationalwealthfund.org.uk/news-and-publications/news/oxa-raises-103m-in-series-d-first-close-backed-by-national-wealth-fund-and-leading-investors/", "https://www.hl.co.uk/shares/stock-market-news/company--news/oxa-secures-$103m-in-series-d-funding" ], "confidence": "verified", "ledger": "sitewide", "page": "startups", "render": true, "date_text": "2026-03-04", "date_sort": "2026-03-04", "before_ledger_start": false, "amount_gbp": 77066966, "fx_rate": 1.3365, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3365 per £ on 2026-03-04", "fx_date": "2026-03-04", "fx_note": "", "txt": "US$103m", "gbp_txt": "£77.1m", "show": true }, { "id": "DEAL-INV-006", "date": "2026-03-04", "year": "2026", "kind": "funding_round", "company_text": "Oxa (BIZ-SU-IND-001)", "company_id": "BIZ-SU-IND-001", "counterparty": "National Wealth Fund (BIZ-INV-005)", "amount": 50000000, "amount_text": "50000000", "currency": "USD", "valuation_reported": null, "summary": "NWF initial commitment to Oxa's US$103m Series D first close", "sources_text": "https://www.nationalwealthfund.org.uk/news-and-publications/news/oxa-raises-103m-in-series-d-first-close-backed-by-national-wealth-fund-and-leading-investors/ — \"An initial $50m commitment from the National Wealth Fund\"", "source_urls": [ "https://www.nationalwealthfund.org.uk/news-and-publications/news/oxa-raises-103m-in-series-d-first-close-backed-by-national-wealth-fund-and-leading-investors/" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "same_event_as": "DEAL-X-023", "date_text": "2026-03-04", "date_sort": "2026-03-04", "before_ledger_start": false, "amount_gbp": 37411149, "fx_rate": 1.3365, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3365 per £ on 2026-03-04", "fx_date": "2026-03-04", "fx_note": "", "txt": "US$50m", "gbp_txt": "£37.4m", "show": true }, { "id": "DEAL-SU-IND-001", "date": "2026-03-04", "year": "2026", "kind": "funding_round", "company_text": "Oxa (BIZ-SU-IND-001)", "company_id": "BIZ-SU-IND-001", "counterparty": "National Wealth Fund (US$50m initial commitment); NVentures, IP Group, Hostplus, bp Ventures", "amount": 103000000, "amount_text": "103000000", "currency": "USD", "valuation_reported": null, "summary": "Series D first close", "sources_text": "https://www.nationalwealthfund.org.uk/news-and-publications/news/oxa-raises-103m-in-series-d-first-close-backed-by-national-wealth-fund-and-leading-investors/ — \"raising a total of $103m\" ; https://www.hl.co.uk/shares/stock-market-news/company--news/oxa-secures-$103m-in-series-d-funding — \"an initial $50m commitment from the UK's National Wealth Fund\"", "source_urls": [ "https://www.nationalwealthfund.org.uk/news-and-publications/news/oxa-raises-103m-in-series-d-first-close-backed-by-national-wealth-fund-and-leading-investors/", "https://www.hl.co.uk/shares/stock-market-news/company--news/oxa-secures-$103m-in-series-d-funding" ], "confidence": "verified", "ledger": "page", "page": "startups", "render": true, "same_event_as": "DEAL-X-023", "date_text": "2026-03-04", "date_sort": "2026-03-04", "before_ledger_start": false, "amount_gbp": 77066966, "fx_rate": 1.3365, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3365 per £ on 2026-03-04", "fx_date": "2026-03-04", "fx_note": "", "txt": "US$103m", "gbp_txt": "£77.1m", "show": true }, { "id": "DEAL-LAB-6002", "date": "2026-03-04", "year": "2026", "kind": "government_contract", "company_text": "Fundamental AI Research Lab", "company_id": "BIZ-LAB-6006", "counterparty": "Department for Science, Innovation and Technology; UKRI (EPSRC)", "amount": null, "amount_text": "up to 40,000,000", "currency": "GBP", "valuation_reported": null, "summary": "Government opens a funding call for a new fundamental AI research lab. (Kind as written: government_contract (grant call; nearest listed kind).) For: Six years of fundamental AI research, plus in-kind AI Research Resource compute \"worth tens of millions of pounds\".", "sources_text": "https://www.gov.uk/government/news/government-to-create-new-lab-to-keep-uk-in-the-fast-lane-on-ai-breakthroughs — \"substantial in-kind access to AI Research Resource compute capacity worth tens of millions of pounds.\"; https://www.uktech.news/ai/uk-government-to-launch-new-40m-ai-research-lab-20260304 (trade)", "source_urls": [ "https://www.gov.uk/government/news/government-to-create-new-lab-to-keep-uk-in-the-fast-lane-on-ai-breakthroughs", "https://www.uktech.news/ai/uk-government-to-launch-new-40m-ai-research-lab-20260304" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-03-04", "date_sort": "2026-03-04", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_as_written": "up to 40,000,000", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "up to 40,000,000 GBP", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-13002", "date": "2026-03-04", "year": "2026", "kind": "grant", "company_text": "Wellcome Sanger Institute AI genomics", "company_id": "BIZ-LAB-13007", "counterparty": "Google DeepMind (Academic Fellowship Programme)", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Google DeepMind funds a genomics-and-AI fellow at the Sanger; applications closed June 2026, fellow to be named winter 2026/27. For: One fully funded three-year Google DeepMind Fellowship in Genomics and AI at Sanger.", "sources_text": "https://www.sanger.ac.uk/news_item/new-ai-in-genomics-fellowship-with-the-sanger-institute-and-google-deepmind/ — \"This partnership with Google DeepMind is incredibly exciting for the Institute.\" ; https://www.sanger.ac.uk/about/careers/google-deepmind-fellowship-in-genomics-and-ai/ — \"The Fellowship Scheme closed to applications in June 2026.\"", "source_urls": [ "https://www.sanger.ac.uk/news_item/new-ai-in-genomics-fellowship-with-the-sanger-institute-and-google-deepmind/", "https://www.sanger.ac.uk/about/careers/google-deepmind-fellowship-in-genomics-and-ai/" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-03-04", "date_sort": "2026-03-04", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-16018", "date": "2026-03-04", "year": "2026", "kind": "partnership", "company_text": "InstaDeep", "company_id": "BIZ-SU-OTH-804", "counterparty": "Wilo Group", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "InstaDeep signed a strategic partnership with pump maker Wilo. For: AI for water technology.", "sources_text": "https://instadeep.com/2026/03/strategic-partnership-wilo-and-instadeep-shape-the-smart-future-of-water/ — \"The two pioneering companies are now working on systematically integrating water technology and AI\"", "source_urls": [ "https://instadeep.com/2026/03/strategic-partnership-wilo-and-instadeep-shape-the-smart-future-of-water/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-03-04", "date_sort": "2026-03-04", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-INV-015", "date": "2026-03-03", "year": "2026", "kind": "funding_round", "company_text": "Antiverse (BIZ-SU-HLT-013)", "company_id": "BIZ-SU-HLT-013", "counterparty": "Development Bank of Wales (BIZ-INV-052); Innovation Investment Capital (BIZ-INV-053)", "amount": 9300000, "amount_text": "9300000", "currency": "USD", "valuation_reported": null, "summary": "Series A; DBW invested from Wales Technology Seed Fund II (amount not stated)", "sources_text": "https://developmentbank.wales/news-and-events/investors-back-antiverse-accelerate-ai-driven-drug-discovery-93-million-round — \"$9.3 million Series A funding round\"", "source_urls": [ "https://developmentbank.wales/news-and-events/investors-back-antiverse-accelerate-ai-driven-drug-discovery-93-million-round" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "date_text": "2026-03-03", "date_sort": "2026-03-03", "before_ledger_start": false, "amount_gbp": 6991430, "fx_rate": 1.3302, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3302 per £ on 2026-03-03", "fx_date": "2026-03-03", "fx_note": "", "txt": "US$9.3m", "gbp_txt": "£7m", "show": true }, { "id": "DEAL-SU-HLT-012", "date": "2026-03-03", "year": "2026", "kind": "funding_round", "company_text": "Antiverse (BIZ-SU-HLT-013)", "company_id": "BIZ-SU-HLT-013", "counterparty": "Soulmates Ventures", "amount": 9300000, "amount_text": "9300000", "currency": "USD", "valuation_reported": null, "summary": "Series A for AI-designed antibodies.", "sources_text": "https://www.uktech.news/ai/welsh-biotech-raises-7m-for-ai-designed-antibodies-20260303 — $9.3m (£7m) Series A led by Soulmates Ventures (accessed 2026-10-29)", "source_urls": [ "https://www.uktech.news/ai/welsh-biotech-raises-7m-for-ai-designed-antibodies-20260303" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "same_event_as": "DEAL-INV-015", "date_text": "2026-03-03", "date_sort": "2026-03-03", "before_ledger_start": false, "amount_gbp": 6991430, "fx_rate": 1.3302, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3302 per £ on 2026-03-03", "fx_date": "2026-03-03", "fx_note": "", "txt": "US$9.3m", "gbp_txt": "£7m", "show": true }, { "id": "DEAL-LAB-12019", "date": "2026-03", "year": "2026", "kind": "partnership", "company_text": "Latent Labs", "company_id": "BIZ-LAB-009", "counterparty": "NVIDIA and Nebius", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Latent Labs partners with NVIDIA and Nebius For: Compute partnership (announced March 2026, per trade).", "sources_text": "https://www.synbiobeta.com/read/inside-latent-labs-autonomous-drug-design-engine (trade) — \"frontier generative model for drug-like antibody and peptide design\"", "source_urls": [ "https://www.synbiobeta.com/read/inside-latent-labs-autonomous-drug-design-engine" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-03", "date_sort": "2026-03-00", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-INV-2063", "date": "2026-02-27", "year": "2026", "kind": "funding_round", "company_text": "Wayve", "company_id": "BIZ-LAB-003", "counterparty": "Eclipse, Balderton, SoftBank, Microsoft and others", "amount": null, "amount_text": "888m", "currency": "GBP", "valuation_reported": null, "summary": "Wayve (autonomous driving software (sector labelled AI)) raised £888m (Series D), reported by UKTN weekly roundup.", "sources_text": "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-wayve-to-brainomix-20260227 — \"Wayve develops autonomous driving software.\" (trade)", "source_urls": [ "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-wayve-to-brainomix-20260227" ], "confidence": "single_source", "ledger": "page", "page": "investors", "render": true, "date_text": "2026-02-27 (week ending)", "date_sort": "2026-02-27", "before_ledger_start": false, "week_ending": true, "trade": true, "round4": true, "amount_as_written": "888m", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "888m GBP", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-2031", "date": "2026-02-26", "year": "2026", "kind": "uk_office_opening", "company_text": "OpenAI London research hub", "company_id": "BIZ-LAB-2023", "counterparty": "OpenAI", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "OpenAI names London its largest research hub outside San Francisco.", "sources_text": "https://www.uktech.news/ai/openai-names-london-as-its-next-major-research-hub-20260226", "source_urls": [ "https://www.uktech.news/ai/openai-names-london-as-its-next-major-research-hub-20260226" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-02-26", "date_sort": "2026-02-26", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-005", "date": "2026-02-25", "year": "2026", "kind": "funding_round", "company_text": "Wayve (BIZ-LAB-003)", "company_id": "BIZ-LAB-003", "counterparty": "Eclipse, Balderton, SoftBank Vision Fund 2", "amount": 1200000000, "amount_text": "1200000000", "currency": "USD", "valuation_reported": "8600000000 USD (post-money)", "summary": "Series D", "sources_text": "https://wayve.ai/press/series-d/ — \"raised $1.2 billion in a Series D investment round, bringing its post-money valuation to $8.6 billion\"; https://www.uktech.news/ai/wayve-valuation-massive-series-d-investment-20260225 — \"valued at $8.6bn after raising a $1.2bn (£888m) Series D\"", "source_urls": [ "https://wayve.ai/press/series-d/", "https://www.uktech.news/ai/wayve-valuation-massive-series-d-investment-20260225", "https://techcrunch.com/2026/02/24/self-driving-tech-startup-wayve-raises-1-2b-from-nvidia-uber-and-three-automakers/" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "same_event_as": "DEAL-X-022", "date_text": "2026-02-25", "date_sort": "2026-02-25", "before_ledger_start": false, "amount_gbp": 886655830, "fx_rate": 1.3534, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3534 per £ on 2026-02-25", "fx_date": "2026-02-25", "fx_note": "", "txt": "US$1.20bn", "gbp_txt": "£886.7m", "show": true, "same_event_ids": [ "DEAL-X-022", "DEAL-LAB-2022" ] }, { "id": "DEAL-LAB-034", "date": "2026-02-25", "year": "2026", "kind": "funding_round", "company_text": "BeyondMath (BIZ-LAB-022)", "company_id": "BIZ-LAB-022", "counterparty": "Cambridge Innovation Capital", "amount": 10000000, "amount_text": "10000000", "currency": "USD", "valuation_reported": null, "summary": "Seed extension (£7.4m); completed seed £13.8m", "sources_text": "https://www.uktech.news/ai/beyondmath-raises-seed-extension-20260225 — $10m (£7.4m) seed extension led by Cambridge Innovation Capital", "source_urls": [ "https://www.uktech.news/ai/beyondmath-raises-seed-extension-20260225" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-02-25", "date_sort": "2026-02-25", "before_ledger_start": false, "amount_gbp": 7388799, "fx_rate": 1.3534, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3534 per £ on 2026-02-25", "fx_date": "2026-02-25", "fx_note": "", "txt": "US$10m", "gbp_txt": "£7.4m", "show": true }, { "id": "DEAL-LAB-5008", "date": "2026-02-25", "year": "2026", "kind": "funding_round", "company_text": "Wayve", "company_id": "BIZ-LAB-003", "counterparty": "Uber (milestone-based capital, alongside Series D)", "amount": null, "amount_text": "not stated (package $1.5B incl. $1.2B Series D, DEAL-LAB-005)", "currency": "USD", "valuation_reported": "$8.6B post-money", "summary": "Uber added milestone-based capital on top of Wayve's $1.2B Series D, a $1.5B package. For: Scaling Wayve-powered robotaxi deployments. Valuation reported: $8.6B post-money.", "sources_text": "https://wayve.ai/press/series-d/ — \"Wayve secures $1.5B to deploy its global autonomy platform\"", "source_urls": [ "https://wayve.ai/press/series-d/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-02-25", "date_sort": "2026-02-25", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "not stated (package $1.5B incl. $1.2B Series D, DEAL-LAB-005)", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "not stated (package $1.5B incl. $1.2B Series D, DEAL-LAB-005) USD", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-9015", "date": "2026-02-25", "year": "2026", "kind": "partnership", "company_text": "BeyondMath", "company_id": "BIZ-LAB-022", "counterparty": "Honeywell", "amount": 19000000, "amount_text": "19000000", "currency": "USD", "valuation_reported": null, "summary": "BeyondMath works with Honeywell on STRATA, described as a $19m, three-year project. For: STRATA, a three-year project.", "sources_text": "https://www.cic.vc/beyondmath-completes-18-5-million-seed-round-to-scale-worlds-largest-foundational-physics-ai-model/ — \"$19 million, 3-year project\"", "source_urls": [ "https://www.cic.vc/beyondmath-completes-18-5-million-seed-round-to-scale-worlds-largest-foundational-physics-ai-model/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-02-25 (reported)", "date_sort": "2026-02-25", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": 14038717, "fx_rate": 1.3534, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3534 per £ on 2026-02-25", "fx_date": "2026-02-25", "fx_note": "", "txt": "US$19m", "gbp_txt": "£14m", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-12014", "date": "2026-02-25", "year": "2026", "kind": "partnership", "company_text": "Chemify", "company_id": "BIZ-SU-IND-504", "counterparty": "Sanacor", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Chemify and Sanacor collaborate on cardiometabolic drugs For: Small-molecule therapies for cardiometabolic diseases.", "sources_text": "https://www.chemify.io/news-and-articles — \"Chemify and Sanacor Collaborate to Discover and Develop Small Molecule Therapies for Cardiometabolic Diseases\"", "source_urls": [ "https://www.chemify.io/news-and-articles" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-02-25", "date_sort": "2026-02-25", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-13006", "date": "2026-02-16", "year": "2026", "kind": "grant", "company_text": "The Alan Turing Institute", "company_id": "BIZ-SAFE-2060", "counterparty": "Dstl and EPSRC (co-invested sandpit)", "amount": 1250000, "amount_text": "1,250,000", "currency": "GBP", "valuation_reported": null, "summary": "A Dstl–EPSRC sandpit funds a £1.25m Turing-led AI project for intelligence analysts. For: AiTASHA: two-year explainable-AI programme to help intelligence analysts choose which data to review and collect. Other investors: Partners: University of Warwick; University of Southampton; Heriot-Watt University; Cardiff University.", "sources_text": "https://www.gov.uk/government/case-studies/partnering-with-the-epsrc-funds-vital-defence-research — \"Richard leads a 2-year, £1.25 million programme called AI Intelligence Triage and Acquisition Support\"", "source_urls": [ "https://www.gov.uk/government/case-studies/partnering-with-the-epsrc-funds-vital-defence-research" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-02-16 (date of GOV.UK case study; award date not stated)", "date_sort": "2026-02-16", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": 1250000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£1.2m reported", "gbp_txt": "£1.2m", "show": true, "labs_r8": true }, { "id": "DEAL-LC-074", "date": "2026-02-12", "year": "2026", "kind": "funding_round", "company_text": "Stanhope AI (new)", "company_id": "BIZ-SW-605", "counterparty": "Frontline Ventures (lead); Paladin Capital Group; Auxxo; UCL Technology Fund; MMC Ventures", "amount": 8000000, "amount_text": "8000000", "currency": "USD", "valuation_reported": null, "summary": "Round for brain-inspired AI tested in drone piloting and robotics.", "sources_text": "https://www.uktech.news/ai/human-brain-based-ai-startup-raises-6m-20260212 — \"has raised $8m (£5.8m)\" (trade, UKTN)", "source_urls": [ "https://www.uktech.news/ai/human-brain-based-ai-startup-raises-6m-20260212" ], "confidence": "single_source", "ledger": "ledger2", "page": "software", "render": true, "date_text": "2026-02-12", "date_sort": "2026-02-12", "before_ledger_start": false, "amount_gbp": 5859089, "fx_rate": 1.3654, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3654 per £ on 2026-02-12", "fx_date": "2026-02-12", "fx_note": "", "txt": "US$8m", "gbp_txt": "£5.9m", "show": true }, { "id": "DEAL-LAB-12012", "date": "2026-02-12", "year": "2026", "kind": "funding_round", "company_text": "Chemify", "company_id": "BIZ-SU-IND-504", "counterparty": "Zeon Corporation (strategic investment)", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Japanese materials firm Zeon invests in Chemify For: Automated molecular design and synthesis for new materials.", "sources_text": "https://www.chemify.io/news-and-articles — \"Zeon invests in Chemify to cut compound synthesis time using AI and robotics\"", "source_urls": [ "https://www.chemify.io/news-and-articles" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-02-12", "date_sort": "2026-02-12", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-INV-2068", "date": "2026-02-06", "year": "2026", "kind": "funding_round", "company_text": "ElevenLabs", "company_id": "BIZ-LAB-005", "counterparty": "Sequoia, a16z, Iconiq, BroadLight and others", "amount": null, "amount_text": "368m", "currency": "GBP", "valuation_reported": null, "summary": "ElevenLabs (AI voice generation) raised £368m (Series D), reported by UKTN weekly roundup.", "sources_text": "https://www.uktech.news/funding/uk-tech-funding-roundup-elevenlabs-taxnova-20260206 — \"ElevenLabs has developed a number of AI tools, most prominently voice generation.\" (trade)", "source_urls": [ "https://www.uktech.news/funding/uk-tech-funding-roundup-elevenlabs-taxnova-20260206" ], "confidence": "single_source", "ledger": "page", "page": "investors", "render": true, "date_text": "2026-02-06 (week ending)", "date_sort": "2026-02-06", "before_ledger_start": false, "week_ending": true, "trade": true, "round4": true, "amount_as_written": "368m", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "368m GBP", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-010", "date": "2026-02-04", "year": "2026", "kind": "funding_round", "company_text": "ElevenLabs (BIZ-LAB-005)", "company_id": "BIZ-LAB-005", "counterparty": "Sequoia Capital", "amount": 500000000, "amount_text": "500000000", "currency": "USD", "valuation_reported": "11000000000 USD", "summary": "Series D", "sources_text": "https://elevenlabs.io/de/blog/series-d — \"500 Millionen US-Dollar eingesammelt\"; https://tech.eu/2026/02/04/elevenlabs-raises-500m-says-building-towards-ipo/ — \"has raised $500m in a Series D funding round\"", "source_urls": [ "https://elevenlabs.io/de/blog/series-d", "https://tech.eu/2026/02/04/elevenlabs-raises-500m-says-building-towards-ipo/", "https://elevenlabs.io/blog/series-d" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "same_event_as": "DEAL-X-021", "date_text": "2026-02-04", "date_sort": "2026-02-04", "before_ledger_start": false, "amount_gbp": 365925059, "fx_rate": 1.3664, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3664 per £ on 2026-02-04", "fx_date": "2026-02-04", "fx_note": "", "txt": "US$500m", "gbp_txt": "£365.9m", "show": true, "same_event_ids": [ "DEAL-X-021" ] }, { "id": "DEAL-SU-IND-042", "date": "2026-02-04", "year": "2026", "kind": "funding_round", "company_text": "Polaron (BIZ-SU-IND-043)", "company_id": "BIZ-SU-IND-043", "counterparty": "Racine2", "amount": 8000000, "amount_text": "8000000", "currency": "USD", "valuation_reported": null, "summary": "Round of £5.85m with Speedinvest, Futurepresent", "sources_text": "https://www.uktech.news/ai/ai-materials-startup-polaron-raises-6m-20260204 — \"has raised $8m (£5.85m)\" (accessed 2026-10-29)", "source_urls": [ "https://www.uktech.news/ai/ai-materials-startup-polaron-raises-6m-20260204", "https://tech.eu/2026/02/03/polaron-completes-8m-funding-round-for-materials-science-intelligence/" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "date_text": "2026-02-04", "date_sort": "2026-02-04", "before_ledger_start": false, "amount_gbp": 5854801, "fx_rate": 1.3664, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3664 per £ on 2026-02-04", "fx_date": "2026-02-04", "fx_note": "", "txt": "US$8m", "gbp_txt": "£5.9m", "show": true }, { "id": "DEAL-LAB-16005", "date": "2026-02-02", "year": "2026", "kind": "government_contract", "company_text": "Materials Nexus (MatNex)", "company_id": "BIZ-SU-IND-705", "counterparty": "UKAEA", "amount": null, "amount_text": "undisclosed (part of £8m UKAEA commitment to UK firms)", "currency": "GBP", "valuation_reported": null, "summary": "UKAEA awarded MatNex a contract for project SHINE. For: project SHINE (shielding and fusion fuel technology).", "sources_text": "https://matnex.ai/news — \"UKAEA awarded MatNex a contract for project SHINE\"", "source_urls": [ "https://matnex.ai/news" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-02-02", "date_sort": "2026-02-02", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "undisclosed (part of £8m UKAEA commitment to UK firms)", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "undisclosed (part of £8m UKAEA commitment to UK firms) GBP reported", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-15004", "date": "2026-01-29", "year": "2026", "kind": "grant", "company_text": "Centre for AI Measurement (NPL)", "company_id": "BIZ-SAFE-2021", "counterparty": "UK Government (DSIT AI Assurance Innovation Fund)", "amount": 10500000, "amount_text": "10,500,000", "currency": "GBP", "valuation_reported": null, "summary": "Government backs NPL's new Centre for AI Measurement with £10.5m For: A national centre for measurement science in AI testing and assurance.", "sources_text": "https://www.uktech.news/ai/national-physical-laboratory-to-establish-10m-ai-measurement-centre-20260129 (trade) — \"ensuring the centre becomes an independent national resource\"; https://www.npl.co.uk/news/npl-to-establish-new-centre-for-ai-measurement — \"cornerstone of the AI Assurance Innovation Fund\" (no amount)", "source_urls": [ "https://www.uktech.news/ai/national-physical-laboratory-to-establish-10m-ai-measurement-centre-20260129", "https://www.npl.co.uk/news/npl-to-establish-new-centre-for-ai-measurement" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-01-29", "date_sort": "2026-01-29", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": 10500000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£10.5m reported", "gbp_txt": "£10.5m", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-5014", "date": "2026-01-28", "year": "2026", "kind": "partnership", "company_text": "ElevenLabs", "company_id": "BIZ-LAB-005", "counterparty": "Revolut (customer)", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Revolut deployed ElevenLabs voice agents for customer support in the UK and Europe. For: Voice agents as first line of support for over 4 million UK and European customers, 31+ languages.", "sources_text": "https://elevenlabs.io/blog/revolut — \"Revolut deployed ElevenLabs Agents as its first line of voice support for customers in the UK and Europe.\"", "source_urls": [ "https://elevenlabs.io/blog/revolut" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-01-28", "date_sort": "2026-01-28", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-14007", "date": "2026-01-28", "year": "2026", "kind": "partnership", "company_text": "Prima Mente", "company_id": "BIZ-LAB-017", "counterparty": "Goodfire", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Goodfire and Prima Mente used interpretability methods on Pleiades to identify DNA fragment-length biomarkers. For: Interpretability study on Pleiades to find Alzheimer's biomarkers.", "sources_text": "https://www.primamente.com/research/ — \"Using interpretability methods, we identified DNA fragment length patterns as a novel class of biomarkers\"", "source_urls": [ "https://www.primamente.com/research/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-01-28", "date_sort": "2026-01-28", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-008", "date": "2026-01-26", "year": "2026", "kind": "funding_round", "company_text": "Synthesia (BIZ-LAB-004)", "company_id": "BIZ-LAB-004", "counterparty": "GV", "amount": 200000000, "amount_text": "200000000", "currency": "USD", "valuation_reported": "4000000000 USD", "summary": "Series E [Labs Round 7] Dated 26 January 2026 as the company dates it; tech.eu places this round in October 2025.", "sources_text": "https://www.synthesia.io/post/series-e-200-million-4-billion-valuation-future-work — \"has raised a $200 million Series E funding round at a $4 billion valuation\"; https://www.uktech.news/ai/synthesia-4bn-valuation-confirmed-after-google-led-series-e-20260126 — \"has confirmed it has raised $200m (£146m)\"", "source_urls": [ "https://www.synthesia.io/post/series-e-200-million-4-billion-valuation-future-work", "https://www.uktech.news/ai/synthesia-4bn-valuation-confirmed-after-google-led-series-e-20260126", "https://sifted.eu/articles/synthesia-4bn-valuation-200m-google-ventures" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "same_event_as": "DEAL-X-020", "date_text": "2026-01-26", "date_sort": "2026-01-26", "before_ledger_start": false, "amount_gbp": 145900204, "fx_rate": 1.3708, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3708 per £ on 2026-01-26", "fx_date": "2026-01-26", "fx_note": "", "txt": "US$200m", "gbp_txt": "£145.9m", "show": true, "same_event_ids": [ "DEAL-X-020", "DEAL-LAB-2023" ] }, { "id": "DEAL-LAB-5020", "date": "2026-01-26", "year": "2026", "kind": "secondary_sale", "company_text": "Synthesia", "company_id": "BIZ-LAB-004", "counterparty": "NASDAQ (employee secondary sale)", "amount": null, "amount_text": "not disclosed", "currency": null, "valuation_reported": "$4B", "summary": "Synthesia ran an employee share sale with NASDAQ at its $4B valuation. For: Liquidity for long-serving staff alongside the $200M Series E (DEAL-LAB-008). Valuation reported: $4B. [Labs Round 7] Employee share sale (tender offer): existing shares sold, not money raised.", "sources_text": "https://www.synthesia.io/post/series-e-200-million-4-billion-valuation-future-work — \"an employee secondary sale in partnership with NASDAQ\"", "source_urls": [ "https://www.synthesia.io/post/series-e-200-million-4-billion-valuation-future-work" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-01-26", "date_sort": "2026-01-26", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "not disclosed", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "not disclosed", "gbp_txt": "", "show": true, "kind_r7_from": "funding_round", "not_money_raised": true, "labs_r7": true }, { "id": "DEAL-LAB-4006", "date": "2026-01-20", "year": "2026", "kind": "partnership", "company_text": "Isomorphic Labs", "company_id": "BIZ-LAB-002", "counterparty": "Johnson & Johnson", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Isomorphic signs a cross-modality research deal with Johnson & Johnson. For: Multi-target research using Isomorphic's design engine across small molecules, antibodies, peptides and molecular glues.", "sources_text": "https://www.isomorphiclabs.com/articles/isomorphic-labs-enters-into-a-research-collaboration-with-johnson-johnson — \"Isomorphic Labs announces a cross-modality, multi-target research collaboration with Johnson & Johnson.\"", "source_urls": [ "https://www.isomorphiclabs.com/articles/isomorphic-labs-enters-into-a-research-collaboration-with-johnson-johnson" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-01-20", "date_sort": "2026-01-20", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-5013", "date": "2026-01-14", "year": "2026", "kind": "partnership", "company_text": "ElevenLabs", "company_id": "BIZ-LAB-005", "counterparty": "Deutsche Telekom", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Deutsche Telekom put ElevenLabs voice agents into its customer service. For: ElevenLabs voice agents in Deutsche Telekom customer service.", "sources_text": "https://elevenlabs.io/blog/deutsche-telekom-and-elevenlabs-announce-partnership — \"Bringing ElevenLabs' AI voice agents to the customer service of Europe's largest Telco\"", "source_urls": [ "https://elevenlabs.io/blog/deutsche-telekom-and-elevenlabs-announce-partnership" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-01-14", "date_sort": "2026-01-14", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-10003", "date": "2026-01-14", "year": "2026", "kind": "partnership", "company_text": "UK Atomic Energy Authority", "company_id": "BIZ-LAB-10001", "counterparty": "digiLab (BIZ-SU-OTH-506)", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "digiLab's models let UKAEA explore reactor designs around 100,000 times faster (company figure). For: Machine-learning models with quantified uncertainty for plasma turbulence, and Bayesian optimisation of sensor placement, for STEP.", "sources_text": "https://channellife.co.uk/story/ai-speeds-uk-fusion-tokamak-design-by-100-000-times (trade) — \"The models allow UKAEA to explore reactor designs around 100,000 times faster\"", "source_urls": [ "https://channellife.co.uk/story/ai-speeds-uk-fusion-tokamak-design-by-100-000-times" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-01-14 (reported)", "date_sort": "2026-01-14", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-4009", "date": "2026-01-12", "year": "2026", "kind": "funding_round", "company_text": "Basecamp Research", "company_id": "BIZ-LAB-010", "counterparty": "NVIDIA", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "NVIDIA investment confirmed alongside the EDEN model release (headline only). For: EDEN programmable gene-insertion models. Other investors: — (an FT headline says Nvidia and Microsoft \"back\" the work; Microsoft investment not confirmed).", "sources_text": "https://www.basecamp-research.com/news-research — \"Basecamp Research unveils programmable gene insertion AI models, as confirms Nvidia investment\"", "source_urls": [ "https://www.basecamp-research.com/news-research" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-01-12", "date_sort": "2026-01-12", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-9005", "date": "2026-01-08", "year": "2026", "kind": "funding_round", "company_text": "Boltz", "company_id": "BIZ-LAB-2007", "counterparty": "Zetta; Amplify; a16z (lead not stated)", "amount": 28000000, "amount_text": "28000000", "currency": "USD", "valuation_reported": null, "summary": "Boltz launches as a public benefit corporation with a $28m seed. For: seed; launch of Boltz PBC and Boltz Lab. Other investors: Factorial Capital; Obvious Ventures; angels incl. Clement Delangue.", "sources_text": "https://boltz.com/launch — \"we founded Boltz PBC, a Public Benefit Corporation.\"", "source_urls": [ "https://boltz.com/launch" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-01-08", "date_sort": "2026-01-08", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": 20830234, "fx_rate": 1.3442, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3442 per £ on 2026-01-08", "fx_date": "2026-01-08", "fx_note": "", "txt": "US$28m", "gbp_txt": "£20.8m", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-9006", "date": "2026-01-08", "year": "2026", "kind": "partnership", "company_text": "Boltz", "company_id": "BIZ-LAB-2007", "counterparty": "Pfizer", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Boltz and Pfizer sign a multi-year strategic collaboration; Pfizer keeps ownership of compounds. For: multi-year access to Boltz Lab and custom models for Pfizer scientists.", "sources_text": "https://boltz.com/pfizer-partnership — \"Pfizer will retain full ownership of all compounds discovered or developed.\"", "source_urls": [ "https://boltz.com/pfizer-partnership" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026-01-08", "date_sort": "2026-01-08", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-014", "date": "2026", "year": "2026", "kind": "uk_office_closure", "company_text": "Stability AI (BIZ-LAB-006)", "company_id": "BIZ-LAB-006", "counterparty": null, "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "London office closed; focus moved to the US (Los Angeles)", "sources_text": "https://tech.eu/2026/08/25/stabiityai-raises-76m-with-warner-and-sony-investing// — \"has closed its London office and has switched its focus to the US, with an office in LA.\"", "source_urls": [ "https://tech.eu/2026/08/25/stabiityai-raises-76m-with-warner-and-sony-investing//" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026 (date not stated)", "date_sort": "2026-00-00", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "same_event_ids": [ "DEAL-LAB-2026" ] }, { "id": "DEAL-LAB-10001", "date": "2026", "year": "2026", "kind": "partnership", "company_text": "Prima Mente", "company_id": "BIZ-LAB-017", "counterparty": "Nebius (BIZ-BIG-021)", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Nebius supplies reserved GPU compute to Prima Mente; pre-training throughput rose 12%. For: Reserved 32-GPU NVIDIA H200 cluster for Pleiades pre-training and scaling.", "sources_text": "https://nebius.com/customer-stories/prima-mente — \"With a 32-GPU reserved cluster in Nebius, Prima Mente amped up pre-training throughput by 12%\"; https://tech.eu/2026/10/15/nebius-says-struck-deals-with-uk-ai-labs-welcomes-non-compete-changes/ (trade; names Prima Mente among Nebius compute deals)", "source_urls": [ "https://nebius.com/customer-stories/prima-mente", "https://tech.eu/2026/10/15/nebius-says-struck-deals-with-uk-ai-labs-welcomes-non-compete-changes/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2026 (reserved cluster in place by Feb 2026; reported again 2026-10-15)", "date_sort": "2026-00-00", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-INV-2069", "date": "2025-12-19", "year": "2025", "kind": "funding_round", "company_text": "PolyAI", "company_id": "BIZ-LAB-007", "counterparty": "British Business Bank, Georgian, Hedosophia, Khosla Ventures and others", "amount": null, "amount_text": "64.3m", "currency": "GBP", "valuation_reported": null, "summary": "PolyAI (AI voice agents for customer service) raised £64.3m (Series D), reported by UKTN weekly roundup.", "sources_text": "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-polyai-to-future-greens-20251219 — \"develops AI voice agents for customer service\" (trade)", "source_urls": [ "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-polyai-to-future-greens-20251219" ], "confidence": "single_source", "ledger": "page", "page": "investors", "render": true, "date_text": "2025-12-19 (week ending)", "date_sort": "2025-12-19", "before_ledger_start": false, "week_ending": true, "trade": true, "round4": true, "amount_as_written": "64.3m", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "64.3m GBP", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-12021", "date": "2025-12-18", "year": "2025", "kind": "partnership", "company_text": "PhysicsX", "company_id": "BIZ-LAB-008", "counterparty": "Microsoft (Agentic Launchpad programme)", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "PhysicsX selected for Microsoft's Agentic Launchpad For: Selection for Microsoft programme.", "sources_text": "https://www.physicsx.ai/newsroom — \"PhysicsX Selected for the Microsoft Agentic Launchpad Program\"", "source_urls": [ "https://www.physicsx.ai/newsroom" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-12-18", "date_sort": "2025-12-18", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-016", "date": "2025-12-17", "year": "2025", "kind": "funding_round", "company_text": "PolyAI (BIZ-LAB-007)", "company_id": "BIZ-LAB-007", "counterparty": "Georgian, Hedosophia, Khosla Ventures", "amount": 86000000, "amount_text": "86000000", "currency": "USD", "valuation_reported": "750000000 USD (reported)", "summary": "Series D", "sources_text": "https://poly.ai/blog/polyai-raises-86m-to-transform-how-enterprises-talk-to-their-customers — \"PolyAI has raised $86 million in Series D funding\"", "source_urls": [ "https://poly.ai/blog/polyai-raises-86m-to-transform-how-enterprises-talk-to-their-customers" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-12-15", "date_sort": "2025-12-17", "before_ledger_start": false, "amount_gbp": 64207854, "fx_rate": 1.3394, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3394 per £ on 2025-12-15", "fx_date": "2025-12-15", "fx_note": "", "txt": "US$86m", "gbp_txt": "£64.2m", "show": true, "date_r7_from": "2025-12-15" }, { "id": "DEAL-LAB-3005", "date": "2025-12-11", "year": "2025", "kind": "partnership", "company_text": "Google DeepMind", "company_id": "BIZ-LAB-001", "counterparty": "UK AI Security Institute (record BIZ-SAFE-2085)", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Google DeepMind signed a new MoU with AISI on safety research. For: MoU on foundational safety and security research: chain-of-thought monitoring, socio-affective harms, economic simulation.", "sources_text": "https://deepmind.google/blog/deepening-our-partnership-with-the-uk-ai-security-institute/ — \"a new Memorandum of Understanding focused on foundational security and safety research\"", "source_urls": [ "https://deepmind.google/blog/deepening-our-partnership-with-the-uk-ai-security-institute/" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-12-11", "date_sort": "2025-12-11", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-3004", "date": "2025-12-10", "year": "2025", "kind": "partnership", "company_text": "Google DeepMind", "company_id": "BIZ-LAB-001", "counterparty": "UK government (record BIZ-BIG-2009)", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Google DeepMind widened its partnership with the UK government across science, education, public services and security. For: UK automated materials lab (2026); priority access to four AI-for-science models for UK scientists; education, public services (i.AI Extract) and national-security work.", "sources_text": "https://deepmind.google/blog/strengthening-our-partnership-with-the-uk-government-to-support-prosperity-and-security-in-the-ai-era/ — \"is uniquely positioned to translate AI innovation into public benefit\"", "source_urls": [ "https://deepmind.google/blog/strengthening-our-partnership-with-the-uk-government-to-support-prosperity-and-security-in-the-ai-era/" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-12-10", "date_sort": "2025-12-10", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-5007", "date": "2025-12-10", "year": "2025", "kind": "partnership", "company_text": "Wayve", "company_id": "BIZ-LAB-003", "counterparty": "Nissan", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Nissan and Wayve signed definitive agreements for next-generation driver assistance. For: Wayve AI driving software in next-generation ProPILOT driver assistance; first model in Japan in fiscal 2027.", "sources_text": "https://wayve.ai/press/nissan-wayve-sign-definitive-agreements/ — \"Nissan Motor Co., Ltd. and Wayve today announced the signing of definitive agreements.\"", "source_urls": [ "https://wayve.ai/press/nissan-wayve-sign-definitive-agreements/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-12-10", "date_sort": "2025-12-10", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-6003", "date": "2025-12-10", "year": "2025", "kind": "partnership", "company_text": "Google DeepMind automated materials science laboratory (UK)", "company_id": "BIZ-LAB-3012", "counterparty": "UK government", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Google DeepMind commits to open an automated materials science lab in the UK in 2026. For: Google DeepMind's first automated lab in the UK (planned 2026), within an expanded partnership with the UK government.", "sources_text": "https://deepmind.google/blog/strengthening-our-partnership-with-the-uk-government-to-support-prosperity-and-security-in-the-ai-era/ — \"specifically focused on materials science research\"; https://www.uktech.news/ai/google-deepmind-to-open-automated-lab-in-expanded-uk-partnership-20251211 (trade)", "source_urls": [ "https://deepmind.google/blog/strengthening-our-partnership-with-the-uk-government-to-support-prosperity-and-security-in-the-ai-era/", "https://www.uktech.news/ai/google-deepmind-to-open-automated-lab-in-expanded-uk-partnership-20251211" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-12-10", "date_sort": "2025-12-10", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-8027", "date": "2025-12-10", "year": "2025", "kind": "partnership", "company_text": "Google DeepMind", "company_id": "BIZ-LAB-001", "counterparty": "UK Government", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "DeepMind–UK government partnership (record already on site as BIZ-BIG-2009; deal row only) For: Science model access; first UK automated lab (2026); AISI, cyber and education work.", "sources_text": "https://deepmind.google/blog/strengthening-our-partnership-with-the-uk-government-to-support-prosperity-and-security-in-the-ai-era/ — \"we will establish Google DeepMind’s first automated laboratory in the UK in 2026\"", "source_urls": [ "https://deepmind.google/blog/strengthening-our-partnership-with-the-uk-government-to-support-prosperity-and-security-in-the-ai-era/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-12-10", "date_sort": "2025-12-10", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-2012", "date": "2025-12-03", "year": "2025", "kind": "funding_round", "company_text": "Mater-AI", "company_id": "BIZ-LAB-2020", "counterparty": "Twin Path Ventures", "amount": 1500000, "amount_text": "1,500,000", "currency": "GBP", "valuation_reported": null, "summary": "Round for AI thermoelectric-materials discovery.", "sources_text": "https://tech.eu/2025/12/03/mater-ai-secures-ps15m-to-tackle-one-of-energys-oldest-problems-wasted-heat", "source_urls": [ "https://tech.eu/2025/12/03/mater-ai-secures-ps15m-to-tackle-one-of-energys-oldest-problems-wasted-heat" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-12-03", "date_sort": "2025-12-03", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": 1500000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£1.5m", "gbp_txt": "£1.5m", "show": true }, { "id": "DEAL-LAB-6001", "date": "2025-12-02", "year": "2025", "kind": "partnership", "company_text": "Frontier AI Research Lab", "company_id": "BIZ-LAB-6003", "counterparty": "Thomson Reuters; Imperial College London", "amount": null, "amount_text": "undisclosed (\"guaranteed multi-year funding\")", "currency": null, "valuation_reported": null, "summary": "Thomson Reuters and Imperial College London set up a five-year frontier AI lab in London. For: Five-year joint lab at Imperial: research staff, more than a dozen PhD students, access to Imperial's computing cluster.", "sources_text": "https://www.thomsonreuters.com/en/press-releases/2025/december/thomson-reuters-and-imperial-college-london-announce-new-frontier-ai-lab — \"Backed by guaranteed multi-year funding\"; https://www.uktech.news/ai/thomson-reuters-backed-frontier-ai-lab-coming-to-london-20251202 (trade)", "source_urls": [ "https://www.thomsonreuters.com/en/press-releases/2025/december/thomson-reuters-and-imperial-college-london-announce-new-frontier-ai-lab", "https://www.uktech.news/ai/thomson-reuters-backed-frontier-ai-lab-coming-to-london-20251202" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-12-02", "date_sort": "2025-12-02", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_as_written": "undisclosed (\"guaranteed multi-year funding\")", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "undisclosed (\"guaranteed multi-year funding\")", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-SW-4046", "date": "2025-12-01", "year": "2025", "kind": "acquisition", "company_text": "BIZ-LAB-003 Wayve", "company_id": "BIZ-LAB-003", "counterparty": "Quality Match (target)", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Wayve bought German data quality start-up Quality Match; its CEO became Wayve director of data. Buys or funds: Data quality assurance for AI training data; 20 staff.", "sources_text": "https://www.uktech.news/ai/wayve-acquires-quality-match-20251201 — \"Joining Wayve is an exciting opportunity to apply our expertise to one of the most exciting domains: autonomous driving.\" (trade)", "source_urls": [ "https://www.uktech.news/ai/wayve-acquires-quality-match-20251201" ], "confidence": "single_source", "ledger": "page", "page": "software", "render": true, "date_text": "2025-12-01", "date_sort": "2025-12-01", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "round6": true }, { "id": "DEAL-LAB-15006", "date": "2025-11-28", "year": "2025", "kind": "wind_down", "company_text": "ARIA Safeguarded AI programme", "company_id": "BIZ-SAFE-2066", "counterparty": "ARIA", "amount": null, "amount_text": "TA2 Phase 1 had planned 18,000,000", "currency": "GBP", "valuation_reported": null, "summary": "ARIA stops Safeguarded AI's TA2 after faster-than-expected frontier AI progress (Kind as written: wind_down (of one strand, TA2, not the programme).) For: Ends the planned machine-learning organisation (TA2); scope folded into an applications strand; TA1 toolkit to go open source.", "sources_text": "https://aria.org.uk/insights-1/ai-progress-and-a-safeguarded-ai-pivot — \"it was more likely than not we’d select zero successful teams for Phase 2\"; https://aria.org.uk/opportunity-spaces/mathematics-for-safe-ai/safeguarded-ai/funding — \"This Technical Area has been cancelled as part of a strategic pivot.\"", "source_urls": [ "https://aria.org.uk/insights-1/ai-progress-and-a-safeguarded-ai-pivot", "https://aria.org.uk/opportunity-spaces/mathematics-for-safe-ai/safeguarded-ai/funding" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-11-28", "date_sort": "2025-11-28", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "TA2 Phase 1 had planned 18,000,000", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "TA2 Phase 1 had planned 18,000,000 GBP", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-16017", "date": "2025-11-24", "year": "2025", "kind": "grant", "company_text": "Twig Bio", "company_id": "BIZ-LAB-2003", "counterparty": "Innovate UK (Explorers award)", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "twig won an Innovate UK Explorers award after a UK trade mission to Japan. For: R&D relationships with Japanese partners.", "sources_text": "https://twig.bio/news/twig-secures-innovateuk-explorers-award/ — \"further develop our R&D relationships with Japanese partners\"", "source_urls": [ "https://twig.bio/news/twig-secures-innovateuk-explorers-award/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-11-24", "date_sort": "2025-11-24", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-5012", "date": "2025-11-21", "year": "2025", "kind": "partnership", "company_text": "ElevenLabs", "company_id": "BIZ-LAB-005", "counterparty": "Liberty Global Ventures", "amount": null, "amount_text": "not disclosed (includes a strategic investment)", "currency": null, "valuation_reported": null, "summary": "Liberty Global began a commercial partnership with ElevenLabs and made a strategic investment. For: Commercial partnership on voice AI across Europe plus strategic investment.", "sources_text": "https://elevenlabs.io/blog/liberty-global-partnership — \"We've started a commercial partnership with Liberty Global Ventures.\"", "source_urls": [ "https://elevenlabs.io/blog/liberty-global-partnership" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-11-21", "date_sort": "2025-11-21", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "not disclosed (includes a strategic investment)", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "not disclosed (includes a strategic investment)", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-15005", "date": "2025-11-20", "year": "2025", "kind": "uk_office_opening", "company_text": "Graphcore AI development lab, Bristol", "company_id": "BIZ-BIG-2023", "counterparty": "SoftBank (owner of Graphcore)", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Graphcore and SoftBank renew UK backing with a new Bristol AI development lab (Kind as written: uk_office_opening (nearest kind: a new lab announced).) For: New AI development lab in Bristol, expected to double headcount to 750 jobs.", "sources_text": "https://www.gov.uk/government/news/ai-to-power-national-renewal-as-government-announces-billions-of-additional-investment-and-new-plans-to-boost-uk-businesses-jobs-and-innovation — \"Graphcore and SoftBank renew their backing for the UK\"", "source_urls": [ "https://www.gov.uk/government/news/ai-to-power-national-renewal-as-government-announces-billions-of-additional-investment-and-new-plans-to-boost-uk-businesses-jobs-and-innovation" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-11-20", "date_sort": "2025-11-20", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-019", "date": "2025-11-19", "year": "2025", "kind": "funding_round", "company_text": "PhysicsX (BIZ-LAB-008)", "company_id": "BIZ-LAB-008", "counterparty": "NVentures (NVIDIA)", "amount": null, "amount_text": null, "currency": null, "valuation_reported": "1000000000 USD (\"nearly\")", "summary": "Series B extension; Series B total \"more than USD 155M\"", "sources_text": "https://www.physicsx.ai/newsroom/physicsx-announces-extension-to-series-b-round — \"valuing the company at nearly USD 1B\"", "source_urls": [ "https://www.physicsx.ai/newsroom/physicsx-announces-extension-to-series-b-round" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-11-19", "date_sort": "2025-11-19", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-5006", "date": "2025-11-19", "year": "2025", "kind": "partnership", "company_text": "Stability AI", "company_id": "BIZ-LAB-006", "counterparty": "Warner Music Group", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Warner Music Group and Stability AI agreed to build AI music creation tools. For: Responsible AI tools for music creation.", "sources_text": "https://stability.ai/news-updates/warner-music-group-and-stability-ai-join-forces-to-build-next-gen-tools — \"Warner Music Group and Stability AI today announced a collaborative effort to advance the use of responsible AI\"; tech.eu (trade) 25 Aug 2026 — \"striking deals with Warner and Electronic Arts to build new AI models\"", "source_urls": [ "https://stability.ai/news-updates/warner-music-group-and-stability-ai-join-forces-to-build-next-gen-tools" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-11-19", "date_sort": "2025-11-19", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-8014", "date": "2025-11-19", "year": "2025", "kind": "partnership", "company_text": "Stability AI", "company_id": "BIZ-LAB-006", "counterparty": "Warner Music Group", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "WMG partnership For: AI music creation tools.", "sources_text": "https://stability.ai/news-updates — \"Warner Music Group and Stability AI Join Forces To Build The Next Generation Of Responsible AI Tools For Music Creation\"", "source_urls": [ "https://stability.ai/news-updates" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-11-19", "date_sort": "2025-11-19", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-8017", "date": "2025-11-18", "year": "2025", "kind": "partnership", "company_text": "PhysicsX", "company_id": "BIZ-LAB-008", "counterparty": "Deutsche Telekom", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Multi-year strategic partnership For: AI-native engineering across Europe.", "sources_text": "https://www.physicsx.ai/newsroom — \"PhysicsX and Deutsche Telekom Announce a Multi-Year Strategic Partnership to Accelerate AI-Native Engineering Across Europe\"", "source_urls": [ "https://www.physicsx.ai/newsroom" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-11-18", "date_sort": "2025-11-18", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-CHIP-011", "date": "2025-11-13", "year": "2025", "kind": "rename", "company_text": "Literal Labs (BIZ-CHIP-009)", "company_id": "BIZ-CHIP-009", "counterparty": null, "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Mignon Technologies Ltd renamed Literal Labs Ltd.", "sources_text": "https://find-and-update.company-information.service.gov.uk/company/14746541 — \"MIGNON TECHNOLOGIES LTD (21 Mar 2023 - 13 Nov 2025)\"", "source_urls": [ "https://find-and-update.company-information.service.gov.uk/company/14746541" ], "confidence": "verified", "ledger": "page", "page": "chips", "render": true, "date_text": "2025-11-13", "date_sort": "2025-11-13", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-SU-ENR-011", "date": "2025-11-06", "year": "2025", "kind": "major_contract", "company_text": "Open Climate Fix (BIZ-SU-ENR-006)", "company_id": "BIZ-SU-ENR-006", "counterparty": "National Energy System Operator", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Quartz Solar forecast live in NESO control room", "sources_text": "https://www.openclimatefix.org/insights/neso-adopts-ai-solar-forecasting-control-room — \"is now live in the National Energy System Operator's (NESO) control room\" ; https://www.pv-magazine.com/2025/11/07/ai-powered-solar-forecasting-helps-uk-grid-operator-reduce-balancing-costs/ — \"now being used in the National Energy System Operator (NESO) control room\"", "source_urls": [ "https://www.openclimatefix.org/insights/neso-adopts-ai-solar-forecasting-control-room", "https://www.pv-magazine.com/2025/11/07/ai-powered-solar-forecasting-helps-uk-grid-operator-reduce-balancing-costs/" ], "confidence": "verified", "ledger": "page", "page": "startups", "render": true, "date_text": "2025-11-06", "date_sort": "2025-11-06", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-INV-2076", "date": "2025-10-31", "year": "2025", "kind": "funding_round", "company_text": "Synthesia", "company_id": "BIZ-LAB-004", "counterparty": "Google Ventures", "amount": null, "amount_text": "152m", "currency": "GBP", "valuation_reported": null, "summary": "Synthesia (AI video avatars) raised £152m (Late VC), reported by UKTN weekly roundup.", "sources_text": "https://www.uktech.news/funding/uk-tech-funding-roundup-synthesia-human-health-20251031 — \"Synthesia is an AI company that creates realistic avatars of human speakers.\" (trade)", "source_urls": [ "https://www.uktech.news/funding/uk-tech-funding-roundup-synthesia-human-health-20251031" ], "confidence": "single_source", "ledger": "page", "page": "investors", "render": true, "date_text": "2025-10-31 (week ending)", "date_sort": "2025-10-31", "before_ledger_start": false, "week_ending": true, "trade": true, "round4": true, "amount_as_written": "152m", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "152m GBP", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-5005", "date": "2025-10-30", "year": "2025", "kind": "partnership", "company_text": "Stability AI", "company_id": "BIZ-LAB-006", "counterparty": "Universal Music Group", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Stability AI and UMG formed an alliance to build professional AI music tools. For: Co-development of professional music creation tools.", "sources_text": "https://stability.ai/news-updates/universal-music-group-and-stability-ai-announce-strategic-alliance — \"today announced a strategic alliance to develop next-generation professional music creation tools\"", "source_urls": [ "https://stability.ai/news-updates/universal-music-group-and-stability-ai-announce-strategic-alliance" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-10-30", "date_sort": "2025-10-30", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-8013", "date": "2025-10-30", "year": "2025", "kind": "partnership", "company_text": "Stability AI", "company_id": "BIZ-LAB-006", "counterparty": "Universal Music Group", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "UMG strategic alliance For: Co-developing professional AI music tools.", "sources_text": "https://stability.ai/news-updates — \"Universal Music Group and Stability AI Announce Strategic Alliance to Co-Develop Professional AI Music Creation Tools\"", "source_urls": [ "https://stability.ai/news-updates" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-10-30", "date_sort": "2025-10-30", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-5004", "date": "2025-10-23", "year": "2025", "kind": "partnership", "company_text": "Stability AI", "company_id": "BIZ-LAB-006", "counterparty": "Electronic Arts", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Stability AI and EA agreed to co-develop generative AI models for making games. For: Co-development of generative AI models for game development.", "sources_text": "https://stability.ai/news-updates/stability-ai-and-ea-partner-to-reimagine-game-development — \"have formed a strategic partnership to co-develop transformative generative AI models\"; tech.eu (trade) 25 Aug 2026 — \"striking deals with Warner and Electronic Arts to build new AI models\"", "source_urls": [ "https://stability.ai/news-updates/stability-ai-and-ea-partner-to-reimagine-game-development" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-10-23", "date_sort": "2025-10-23", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-8015", "date": "2025-10-23", "year": "2025", "kind": "partnership", "company_text": "Stability AI", "company_id": "BIZ-LAB-006", "counterparty": "Electronic Arts", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "EA partnership For: Generative AI in game development.", "sources_text": "https://stability.ai/news-updates — \"Stability AI and EA Partner to Empower Artists, Designers, and Developers to Reimagine Game Development\"", "source_urls": [ "https://stability.ai/news-updates" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-10-23", "date_sort": "2025-10-23", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-12011", "date": "2025-10-21", "year": "2025", "kind": "funding_round", "company_text": "Chemify", "company_id": "BIZ-SU-IND-504", "counterparty": "lead not seen", "amount": null, "amount_text": "more than 50,000,000", "currency": "USD", "valuation_reported": null, "summary": "Chemify raises over $50m in an oversubscribed Series B For: Series B: global expansion of digital chemistry and discovery.", "sources_text": "https://www.chemify.io/news-and-articles — \"Chemify Raises More Than $50 Million in Oversubscribed Series B to Drive Global Expansion of Digital Chemistry and Discovery\"", "source_urls": [ "https://www.chemify.io/news-and-articles" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-10-21", "date_sort": "2025-10-21", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "more than 50,000,000", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "more than 50,000,000 USD reported", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-5027", "date": "2025-10-15", "year": "2025", "kind": "partnership", "company_text": "Waymo (London and Oxford engineering hubs)", "company_id": "BIZ-LAB-5001", "counterparty": "Moove", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Waymo named Moove as its fleet operations partner for London. For: Fleet operations for planned London driverless service.", "sources_text": "https://waymo.com/blog/2025/10/hello-london-your-waymo-ride-is-arriving/ — \"in collaboration with our fleet operations partner Moove\"", "source_urls": [ "https://waymo.com/blog/2025/10/hello-london-your-waymo-ride-is-arriving/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-10-15", "date_sort": "2025-10-15", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-SW-013", "date": "2025-10-06", "year": "2025", "kind": "acquisition", "company_text": "Monolith AI (BIZ-SW-008)", "company_id": "BIZ-SW-008", "counterparty": "CoreWeave", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Agreement announced 6 October 2025; CoreWeave recorded as controlling shareholder from 5 November 2025.", "sources_text": "https://coreweave.com/news/coreweave-to-acquire-monolith-expanding-ai-cloud-platform-into-industrial-innovation — \"an agreement to acquire Monolith AI Limited\"; https://find-and-update.company-information.service.gov.uk/company/10200820/persons-with-significant-control — \"Coreweave, Inc.\" \"5 November 2025\"", "source_urls": [ "https://coreweave.com/news/coreweave-to-acquire-monolith-expanding-ai-cloud-platform-into-industrial-innovation", "https://find-and-update.company-information.service.gov.uk/company/10200820/persons-with-significant-control", "https://investors.coreweave.com/news/news-details/2025/CoreWeave-to-Acquire-Monolith-Expanding-AI-Cloud-Platform-into-Industrial-Innovation/default.aspx" ], "confidence": "verified", "ledger": "page", "page": "software", "render": true, "date_text": "2025-10-06", "date_sort": "2025-10-06", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-4001", "date": "2025-09-23", "year": "2025", "kind": "funding_round", "company_text": "DaltonTx", "company_id": "BIZ-LAB-4001", "counterparty": "redalpine (per redalpine)", "amount": 4000000, "amount_text": "4,000,000", "currency": "GBP", "valuation_reported": null, "summary": "DaltonTx leaves stealth with a £4m seed round. For: Building adaptive AI drug discovery platforms. Other investors: Oxford University Innovation (support). [Labs Round 8] redalpine says it led a £4.1m seed round; IQ Capital and tech.eu give £4m.", "sources_text": "https://daltontx.com/news/seed-financing — \"DaltonTx exists to change that.\" ; https://tech.eu/2025/09/23/daltontx-lands-ps4m-to-advance-the-intelligence-backbone-of-drug-discovery/ (trade) — \"UK-based technology company DaltonTx has exited stealth and completed a £4 million seed financing round.\"", "source_urls": [ "https://daltontx.com/news/seed-financing", "https://tech.eu/2025/09/23/daltontx-lands-ps4m-to-advance-the-intelligence-backbone-of-drug-discovery/" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-09-23", "date_sort": "2025-09-23", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": 4000000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£4m–£4.1m as published", "gbp_txt": "", "show": true, "labs_r7": true, "counterparty_r8_from": "no lead named (redalpine, IQ Capital Partners, Seedcamp)" }, { "id": "DEAL-LAB-5003", "date": "2025-09-18", "year": "2025", "kind": "partnership", "company_text": "Stability AI", "company_id": "BIZ-LAB-006", "counterparty": "Amazon Web Services (Amazon Bedrock)", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Stability AI's image services became available on Amazon Bedrock. For: Stability AI image services offered on Amazon Bedrock.", "sources_text": "https://stability.ai/news-updates — \"Stability AI Brings Image Services to Amazon Bedrock\"", "source_urls": [ "https://stability.ai/news-updates" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-09-18", "date_sort": "2025-09-18", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-8016", "date": "2025-09-18", "year": "2025", "kind": "partnership", "company_text": "Stability AI", "company_id": "BIZ-LAB-006", "counterparty": "Amazon (AWS)", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Stability image models offered on Bedrock For: Image services on Amazon Bedrock.", "sources_text": "https://stability.ai/news-updates — \"Stability AI Brings Image Services to Amazon Bedrock\"", "source_urls": [ "https://stability.ai/news-updates" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-09-18", "date_sort": "2025-09-18", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-3001", "date": "2025-09-17", "year": "2025", "kind": "funding_round", "company_text": "Hiverge", "company_id": "BIZ-LAB-016", "counterparty": "Flying Fish Ventures (BIZ-INV-068)", "amount": 5000000, "amount_text": "5,000,000", "currency": "USD", "valuation_reported": null, "summary": "Hiverge announced a $5m seed led by Flying Fish Ventures alongside its first results. For: Seed; launch of the Hive algorithm-discovery platform. Other investors: Ahren Innovation Capital, 10x Founders, Alpha Intelligence Capital, 1st Kind, StemAI, Vela Partners, Cur8 Capital, Jeff Dean.", "sources_text": "https://hiverge.ai/blog/introducing-hiverge-our-mission-and-early-results — \"We're giving early access to the Hive to selected customers.\"", "source_urls": [ "https://hiverge.ai/blog/introducing-hiverge-our-mission-and-early-results" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-09-17", "date_sort": "2025-09-17", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": 3660590, "fx_rate": 1.3659, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3659 per £ on 2025-09-17", "fx_date": "2025-09-17", "fx_note": "", "txt": "US$5m", "gbp_txt": "£3.7m", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-5019", "date": "2025-09-17", "year": "2025", "kind": "partnership", "company_text": "Synthesia", "company_id": "BIZ-LAB-004", "counterparty": "Amazon Web Services", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "AWS and Synthesia extended their collaboration on AI video. For: Extended collaboration on AI video adoption.", "sources_text": "https://www.synthesia.io/blog/category/synthesia — \"AWS and Synthesia extend their collaboration to advance AI video adoption\"", "source_urls": [ "https://www.synthesia.io/blog/category/synthesia" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-09-17", "date_sort": "2025-09-17", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-045", "date": "2025-09-08", "year": "2025", "kind": "secondary_sale", "company_text": "ElevenLabs (BIZ-LAB-005)", "company_id": "BIZ-LAB-005", "counterparty": "Sequoia and ICONIQ", "amount": 100000000, "amount_text": "100000000", "currency": "USD", "valuation_reported": "6600000000 USD", "summary": "Employee tender offer (secondary sale, not new capital) [Labs Round 7] Employee share sale (tender offer): existing shares sold, not money raised.", "sources_text": "https://elevenlabs.io/blog/announcing-an-employee-tender — \"Announcing an Employee Tender Offer at $6.6B valuation\" (title)", "source_urls": [ "https://elevenlabs.io/blog/announcing-an-employee-tender" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-09-08", "date_sort": "2025-09-08", "before_ledger_start": false, "amount_gbp": 73882527, "fx_rate": 1.3535, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3535 per £ on 2025-09-08", "fx_date": "2025-09-08", "fx_note": "", "txt": "US$100m", "gbp_txt": "£73.9m", "show": true, "kind_r7_from": "funding_round", "not_money_raised": true }, { "id": "DEAL-LAB-16007", "date": "2025-09-08", "year": "2025", "kind": "funding_round", "company_text": "Alchemab Therapeutics", "company_id": "BIZ-LAB-4003", "counterparty": "null", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Alchemab announced a Series A extension as ATLX-1282 entered Phase 1. For: Series A extension alongside Phase 1 start of ATLX-1282.", "sources_text": "https://www.alchemab.com/news/ — \"Alchemab Therapeutics initiates Phase 1 clinical trial of ATLX-1282 and announces Series A financing extension\"", "source_urls": [ "https://www.alchemab.com/news/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-09-08", "date_sort": "2025-09-08", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-7014", "date": "2025-09-04", "year": "2025", "kind": "partnership", "company_text": "Orbital Industries", "company_id": "BIZ-LAB-024", "counterparty": "Rowan", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Orbital launched Orb-v3 with Rowan hosting the models. For: Rowan as launch partner offering Orb-v3 models interactively.", "sources_text": "https://www.orbitalindustries.com/news/blog/orb-v3-atomistic-simulation-at-scale — \"Orb-v3 breaks through a long-standing barrier in simulation: it brings quantum-level accuracy to the mesoscale.\"", "source_urls": [ "https://www.orbitalindustries.com/news/blog/orb-v3-atomistic-simulation-at-scale" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-09-04", "date_sort": "2025-09-04", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-023", "date": "2025-09", "year": "2025", "kind": "funding_round", "company_text": "CuspAI (BIZ-LAB-011)", "company_id": "BIZ-LAB-011", "counterparty": null, "amount": 100000000, "amount_text": "100000000", "currency": "USD", "valuation_reported": "520000000 USD", "summary": "Raise reported by tech.eu as \"September of last year\"", "sources_text": "https://tech.eu/2026/07/20/jeff-bezos-and-sovereign-ai-back-cuspai-in-450m-raise/ — $100m in September 2025 at $520m (as reported)", "source_urls": [ "https://tech.eu/2026/07/20/jeff-bezos-and-sovereign-ai-back-cuspai-in-450m-raise/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-09 (day not stated)", "date_sort": "2025-09-00", "before_ledger_start": false, "amount_gbp": 73811633, "fx_rate": 1.3548, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3548 per £ on 2025-09-01", "fx_date": "2025-09-01", "fx_note": "month only given: rate for the 1st", "txt": "US$100m", "gbp_txt": "£73.8m", "show": true }, { "id": "DEAL-LAB-035", "date": "2025-08-27", "year": "2025", "kind": "funding_round", "company_text": "Mantic (BIZ-LAB-023)", "company_id": "BIZ-LAB-023", "counterparty": "Episode 1", "amount": 4000000, "amount_text": "4000000", "currency": "USD", "valuation_reported": null, "summary": "Pre-seed", "sources_text": "https://tech.eu/2025/08/27/mantic-which-claims-to-forecast-world-events-emerges-from-stealth/ — \"$4m pre-seed funding\"", "source_urls": [ "https://tech.eu/2025/08/27/mantic-which-claims-to-forecast-world-events-emerges-from-stealth/", "https://www.uktech.news/ai/ai-startup-that-predicts-world-events-emerges-from-stealth-with-3m-20250827" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-08-27", "date_sort": "2025-08-27", "before_ledger_start": false, "amount_gbp": 2971768, "fx_rate": 1.346, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.346 per £ on 2025-08-27", "fx_date": "2025-08-27", "fx_note": "", "txt": "US$4m", "gbp_txt": "£3m", "show": true, "same_event_ids": [ "DEAL-LAB-2029" ] }, { "id": "DEAL-LAB-5002", "date": "2025-08-12", "year": "2025", "kind": "partnership", "company_text": "Stability AI", "company_id": "BIZ-LAB-006", "counterparty": "NVIDIA", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Stability AI and NVIDIA packaged Stable Diffusion 3.5 for enterprise deployment. For: Stable Diffusion 3.5 packaged as an NVIDIA NIM for enterprise deployment.", "sources_text": "https://stability.ai/news-updates — \"Stability AI and NVIDIA Bring Faster Performance and Simplified Enterprise Deployment with the Stable Diffusion 3.5 NIM\"", "source_urls": [ "https://stability.ai/news-updates" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-08-12", "date_sort": "2025-08-12", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-7008", "date": "2025-08-12", "year": "2025", "kind": "partnership", "company_text": "Stability AI", "company_id": "BIZ-LAB-006", "counterparty": "NVIDIA", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Stability AI and NVIDIA packaged SD 3.5 for faster enterprise deployment. For: Stable Diffusion 3.5 packaged as an NVIDIA NIM microservice (after TensorRT-optimised SD 3.5 on RTX GPUs, 12 Jun 2025).", "sources_text": "https://stability.ai/news-updates — \"Stability AI and NVIDIA Bring Faster Performance and Simplified Enterprise Deployment with the Stable Diffusion 3.5 NIM\"", "source_urls": [ "https://stability.ai/news-updates" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-08-12", "date_sort": "2025-08-12", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-5026", "date": "2025-07-28", "year": "2025", "kind": "funding_round", "company_text": "Recraft", "company_id": "BIZ-SU-CRE-801", "counterparty": "NVIDIA; Ethan Eismann (Series B extension)", "amount": null, "amount_text": "not disclosed", "currency": null, "valuation_reported": null, "summary": "NVIDIA and Slack design chief Ethan Eismann joined Recraft's Series B extension. For: Extension to Series B.", "sources_text": "https://www.recraft.ai/press-releases/welcoming-new-investors-series-b — \"we're proud to welcome NVIDIA and Ethan Eismann, SVP Design at Slack as new investors\"", "source_urls": [ "https://www.recraft.ai/press-releases/welcoming-new-investors-series-b" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-07-28", "date_sort": "2025-07-28", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "not disclosed", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "not disclosed", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-7005", "date": "2025-07-23", "year": "2025", "kind": "partnership", "company_text": "PhysicsX", "company_id": "BIZ-LAB-008", "counterparty": "Siemens (Simcenter X)", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "PhysicsX extended its Siemens collaboration into the Simcenter X product. For: Extension of the Siemens collaboration to Simcenter X for AI-powered CFD workflows.", "sources_text": "https://www.physicsx.ai/newsroom — \"PhysicsX Extends Collaboration with Siemens to Simcenter™ X, Enabling Seamless AI-Powered CFD Workflows\" (July 23, 2025)", "source_urls": [ "https://www.physicsx.ai/newsroom" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-07-23", "date_sort": "2025-07-23", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-X-012", "date": "2025-07-10", "year": "2025", "kind": "wind_down", "company_text": "Papercup (biz-papercup)", "company_id": "BIZ-SU-CRE-002", "counterparty": null, "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Papercup Technologies Ltd (CH 11093649) passed an extraordinary resolution to wind up on 10 July 2025 and appointed a voluntary liquidator (filed 21 July 2025); liquidators' statement filed 10 September 2026.", "sources_text": "https://find-and-update.company-information.service.gov.uk/company/11093649/filing-history — \"Extraordinary resolution to wind up\" ; \"Appointment of a voluntary liquidator\"", "source_urls": [ "https://find-and-update.company-information.service.gov.uk/company/11093649/filing-history" ], "confidence": "single_source", "ledger": "sitewide", "page": "startups", "render": true, "date_text": "2025-07-10", "date_sort": "2025-07-10", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LC-030", "date": "2025-07-09", "year": "2025", "kind": "funding_round", "company_text": "ScienceMachine (new)", "company_id": "BIZ-SU-HLT-807", "counterparty": "Revent; Nucleus Capital (leads); angels", "amount": 3500000, "amount_text": "3500000", "currency": "USD", "valuation_reported": null, "summary": "Pre-seed for an autonomous AI agent that analyses biotech data.", "sources_text": "https://tech.eu/2025/07/09/sciencemachine-raises-35m-for-leading-autonomous-ai-in-biotech-research/ — \"has raised a $3.5 million pre-seed funding round.\" (trade, tech.eu)", "source_urls": [ "https://tech.eu/2025/07/09/sciencemachine-raises-35m-for-leading-autonomous-ai-in-biotech-research/" ], "confidence": "single_source", "ledger": "ledger2", "page": "startups", "render": true, "date_text": "2025-07-09", "date_sort": "2025-07-09", "before_ledger_start": false, "amount_gbp": 2575802, "fx_rate": 1.3588, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3588 per £ on 2025-07-09", "fx_date": "2025-07-09", "fx_note": "", "txt": "US$3.5m", "gbp_txt": "£2.6m", "show": true }, { "id": "DEAL-INV-2113", "date": "2025-07-09", "year": "2025", "kind": "funding_round", "company_text": "ScienceMachine", "company_id": "BIZ-SU-HLT-807", "counterparty": "Revent, Nucleus Capital", "amount": null, "amount_text": "3.5m", "currency": "USD", "valuation_reported": null, "summary": "ScienceMachine (autonomous AI bioinformatics agent) raised $3.5m (Pre-seed), reported by tech.eu.", "sources_text": "https://tech.eu/2025/07/09/sciencemachine-raises-35m-for-leading-autonomous-ai-in-biotech-research/ — \"functions as a 24/7 AI bioinformatician\" (trade)", "source_urls": [ "https://tech.eu/2025/07/09/sciencemachine-raises-35m-for-leading-autonomous-ai-in-biotech-research/" ], "confidence": "single_source", "ledger": "page", "page": "investors", "render": true, "date_text": "2025-07-09", "date_sort": "2025-07-09", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_as_written": "3.5m", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "3.5m USD", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-12002", "date": "2025-07-08", "year": "2025", "kind": "funding_round", "company_text": "Optibrium", "company_id": "BIZ-LAB-12003", "counterparty": "Shawbrook (debt financing)", "amount": null, "amount_text": "undisclosed (\"multi-million-pound\")", "currency": "GBP", "valuation_reported": null, "summary": "Optibrium takes a multi-million-pound financing package from Shawbrook For: Core technologies behind its software portfolio and global expansion.", "sources_text": "https://optibrium.com/about/news/optibrium-secures-multi-million-pound-financing-package-from-shawbrook/ — \"Financial details were not disclosed.\"", "source_urls": [ "https://optibrium.com/about/news/optibrium-secures-multi-million-pound-financing-package-from-shawbrook/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-07-08", "date_sort": "2025-07-08", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "undisclosed (\"multi-million-pound\")", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "undisclosed (\"multi-million-pound\") GBP reported", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-3013", "date": "2025-07-02", "year": "2025", "kind": "partnership", "company_text": "Unlikely AI", "company_id": "BIZ-LAB-019", "counterparty": "Lloyds Banking Group", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Lloyds Banking Group began testing UnlikelyAI's neurosymbolic AI. For: Proof-of-concept test of UnlikelyAI's neurosymbolic platform in Lloyds' Innovation Sandbox.", "sources_text": "https://www.lloydsbankinggroup.com/media/press-releases/2025/lloyds-banking-group-2025/lloyds-banking-group-partners-with-unlikelyai-to-test-groundbrea.html — \"Through the partnership, Lloyds Banking Group is testing UnlikelyAI's technology within its Innovation Sandbox.\"", "source_urls": [ "https://www.lloydsbankinggroup.com/media/press-releases/2025/lloyds-banking-group-2025/lloyds-banking-group-partners-with-unlikelyai-to-test-groundbrea.html" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-07-02", "date_sort": "2025-07-02", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-X-011", "date": "2025-06-26", "year": "2025", "kind": "acquisition", "company_text": "Papercup (biz-papercup)", "company_id": "BIZ-SU-CRE-002", "counterparty": "RWS Holdings plc", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "RWS bought the intellectual property behind Papercup's AI dubbing technology; the company itself was not bought. Terms not disclosed.", "sources_text": "https://www.rws.com/about/news/2025/rws-acquires-papercups-ip/ — \"has acquired the intellectual property behind Papercup's breakthrough AI dubbing technology.\"", "source_urls": [ "https://www.rws.com/about/news/2025/rws-acquires-papercups-ip/" ], "confidence": "single_source", "ledger": "sitewide", "page": "startups", "render": true, "date_text": "2025-06-26", "date_sort": "2025-06-26", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-SU-CRE-003", "date": "2025-06-26", "year": "2025", "kind": "acquisition", "company_text": "BIZ-SU-CRE-002 Papercup", "company_id": "BIZ-SU-CRE-002", "counterparty": "RWS", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "RWS bought the intellectual property behind Papercup's AI dubbing; company later in liquidation", "sources_text": "https://www.rws.com/about/news/2025/rws-acquires-papercups-ip — \"the intellectual property behind Papercup's breakthrough AI dubbing technology\" ; https://find-and-update.company-information.service.gov.uk/company/11093649 — \"Liquidation\"", "source_urls": [ "https://www.rws.com/about/news/2025/rws-acquires-papercups-ip", "https://find-and-update.company-information.service.gov.uk/company/11093649" ], "confidence": "verified", "ledger": "page", "page": "startups", "render": true, "same_event_as": "DEAL-X-011", "date_text": "2025-06-26", "date_sort": "2025-06-26", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-INV-018", "date": "2025-06-22", "year": "2025", "kind": "funding_round", "company_text": "PhysicsX (BIZ-LAB-008)", "company_id": "BIZ-LAB-008", "counterparty": "Atomico (BIZ-INV-011) lead", "amount": 135000000, "amount_text": "135000000", "currency": "USD", "valuation_reported": null, "summary": "Series B led by Atomico", "sources_text": "https://www.physicsx.ai/newsroom/physicsx-raises-135m-series-b-to-usher-in-a-new-era-of-ai-native-engineering-and-manufacturing — \"$135 million\"", "source_urls": [ "https://www.physicsx.ai/newsroom/physicsx-raises-135m-series-b-to-usher-in-a-new-era-of-ai-native-engineering-and-manufacturing" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-06-22", "date_sort": "2025-06-22", "before_ledger_start": false, "amount_gbp": 100259933, "fx_rate": 1.3465, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3465 per £ on 2025-06-20", "fx_date": "2025-06-20", "fx_note": "rate for 2025-06-20, the previous business day", "txt": "US$135m", "gbp_txt": "£100.3m", "show": true }, { "id": "DEAL-LAB-018", "date": "2025-06-22", "year": "2025", "kind": "funding_round", "company_text": "PhysicsX (BIZ-LAB-008)", "company_id": "BIZ-LAB-008", "counterparty": "Atomico", "amount": 135000000, "amount_text": "135000000", "currency": "USD", "valuation_reported": null, "summary": "Series B [Labs Round 7] tech.eu (8 June 2026) gives US$170m for this Series B; the site's figure is US$135m. Both shown.", "sources_text": "https://www.physicsx.ai/newsroom/physicsx-raises-135m-series-b-to-usher-in-a-new-era-of-ai-native-engineering-and-manufacturing — \"$135 million\"", "source_urls": [ "https://www.physicsx.ai/newsroom/physicsx-raises-135m-series-b-to-usher-in-a-new-era-of-ai-native-engineering-and-manufacturing" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "same_event_as": "DEAL-INV-018", "date_text": "2025-06-22", "date_sort": "2025-06-22", "before_ledger_start": false, "amount_gbp": 100259933, "fx_rate": 1.3465, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3465 per £ on 2025-06-20", "fx_date": "2025-06-20", "fx_note": "rate for 2025-06-20, the previous business day", "txt": "US$135m", "gbp_txt": "£100.3m", "show": true }, { "id": "DEAL-LAB-16020", "date": "2025-06-13", "year": "2025", "kind": "partnership", "company_text": "Kuano", "company_id": "BIZ-SU-HLT-055", "counterparty": "University of Bristol (Mulholland group)", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Kuano published results of its IRAP collaboration with Bristol. For: quantum simulation of IRAP enzyme inhibition.", "sources_text": "https://www.kuano.ai/news — \"the publication of the results from our collaboration with the Mulholland group at the University of Bristol\"", "source_urls": [ "https://www.kuano.ai/news" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-06-13", "date_sort": "2025-06-13", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-12016", "date": "2025-06-12", "year": "2025", "kind": "partnership", "company_text": "Peptone", "company_id": "BIZ-SU-HLT-065", "counterparty": "NVIDIA", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Peptone and NVIDIA release PepTron-o For: Co-introduced PepTron-o structure-prediction model.", "sources_text": "https://peptone.io/news/ — \"Peptone and NVIDIA introduce PepTron-o for ensemble-first structure prediction of the disordered proteome\"", "source_urls": [ "https://peptone.io/news/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-06-12", "date_sort": "2025-06-12", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-033", "date": "2025-06-11", "year": "2025", "kind": "acquisition", "company_text": "Convergence (BIZ-LAB-021)", "company_id": "BIZ-LAB-021", "counterparty": "Salesforce", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Agreement 15 May 2025, completed 11 June 2025; terms not disclosed", "sources_text": "https://www.salesforce.com/news/stories/salesforce-signs-definitive-agreement-to-acquire-convergence-ai/ — \"No additional details of the transaction are being disclosed at this time.\"; https://tech.eu/2025/05/15/salesforce-acquires-uk-ai-startup-convergence-one-year-after-launch/ — \"Financial details of the deal are not known.\"", "source_urls": [ "https://www.salesforce.com/news/stories/salesforce-signs-definitive-agreement-to-acquire-convergence-ai/", "https://tech.eu/2025/05/15/salesforce-acquires-uk-ai-startup-convergence-one-year-after-launch/" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-06-11", "date_sort": "2025-06-11", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-4013", "date": "2025-06-11", "year": "2025", "kind": "compute_grant", "company_text": "Latent Labs", "company_id": "BIZ-LAB-009", "counterparty": "NVIDIA (DGX Cloud Lepton)", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Latent Labs named among first users of NVIDIA DGX Cloud Lepton. For: Early access to NVIDIA DGX Cloud Lepton compute.", "sources_text": "https://www.latentlabs.com/press-release/ — \"Latent Labs will be among the first to access NVIDIA DGX Cloud Lepton\"", "source_urls": [ "https://www.latentlabs.com/press-release/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-06-11", "date_sort": "2025-06-11", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-CHIP-010", "date": "2025-06-02", "year": "2025", "kind": "funding_round", "company_text": "Literal Labs (BIZ-CHIP-009)", "company_id": "BIZ-CHIP-009", "counterparty": "Northern Gritstone", "amount": 4600000, "amount_text": "4600000", "currency": "GBP", "valuation_reported": null, "summary": "Pre-seed round.", "sources_text": "https://www.literal-labs.ai/press/literal-labs-pre-seed-round.html — \"£4.6 million\"; https://www.literal-labs.ai/about/news/ — \"Literal Labs funding - raises £4.6M\"", "source_urls": [ "https://www.literal-labs.ai/press/literal-labs-pre-seed-round.html", "https://www.literal-labs.ai/about/news/", "https://www.uktech.news/ai/ai-firm-from-ex-arm-exec-scores-4-6m-investment-20250602" ], "confidence": "single_source", "ledger": "page", "page": "chips", "render": true, "date_text": "2025-06-02", "date_sort": "2025-06-02", "before_ledger_start": false, "amount_gbp": 4600000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£4.6m", "gbp_txt": "£4.6m", "show": true }, { "id": "DEAL-SU-ENR-020", "date": "2025-05-30", "year": "2025", "kind": "funding_round", "company_text": "Applied Computing (BIZ-SU-ENR-003)", "company_id": "BIZ-LAB-025", "counterparty": "Stride.VC; Repeat.VC", "amount": 9000000, "amount_text": "9000000", "currency": "GBP", "valuation_reported": null, "summary": "Seed round", "sources_text": "https://www.uktech.news/ai/ai-platform-for-energy-industry-closes-9m-seed-round-20250530 — \"£9m seed round\" (accessed 2026-10-29)", "source_urls": [ "https://www.uktech.news/ai/ai-platform-for-energy-industry-closes-9m-seed-round-20250530" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "date_text": "2025-05-30", "date_sort": "2025-05-30", "before_ledger_start": false, "amount_gbp": 9000000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£9m", "gbp_txt": "£9m", "show": true }, { "id": "DEAL-LAB-12020", "date": "2025-05-19", "year": "2025", "kind": "partnership", "company_text": "PhysicsX", "company_id": "BIZ-LAB-008", "counterparty": "Microsoft (Microsoft Discovery)", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "PhysicsX forms a strategic collaboration with Microsoft For: Engineering use of Microsoft Discovery.", "sources_text": "https://www.physicsx.ai/newsroom — \"PhysicsX Forges Strategic Collaboration with Microsoft to Accelerate Engineering Innovation with Microsoft Discovery\"", "source_urls": [ "https://www.physicsx.ai/newsroom" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-05-19", "date_sort": "2025-05-19", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-5001", "date": "2025-05-14", "year": "2025", "kind": "partnership", "company_text": "Stability AI", "company_id": "BIZ-LAB-006", "counterparty": "Arm", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Stability AI and Arm released a small open audio model for on-device use. For: Release of Stable Audio Open Small for on-device use.", "sources_text": "https://stability.ai/news-updates — \"Stability AI and Arm Collaborate to Release Stable Audio Open Small\"", "source_urls": [ "https://stability.ai/news-updates" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-05-14", "date_sort": "2025-05-14", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-7002", "date": "2025-05-14", "year": "2025", "kind": "partnership", "company_text": "Stability AI", "company_id": "BIZ-LAB-006", "counterparty": "Arm", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Stability AI and Arm released a small open audio model built to run on phones. For: Joint release of Stable Audio Open Small for on-device audio generation (after a 3 Mar 2025 on-device audio announcement).", "sources_text": "https://stability.ai/news-updates — \"Stability AI and Arm Collaborate to Release Stable Audio Open Small, Enabling Real-World Deployment for On-Device Audio Generation\"", "source_urls": [ "https://stability.ai/news-updates" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-05-14", "date_sort": "2025-05-14", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-12015", "date": "2025-05-08", "year": "2025", "kind": "partnership", "company_text": "Peptone", "company_id": "BIZ-SU-HLT-065", "counterparty": "Evotec", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Peptone and Evotec form a strategic partnership For: Small molecules against intrinsically disordered proteins.", "sources_text": "https://peptone.io/news/ — \"Peptone and Evotec form strategic partnership to target intrinsically disordered proteins\"", "source_urls": [ "https://peptone.io/news/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-05-08", "date_sort": "2025-05-08", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-4012", "date": "2025-05-06", "year": "2025", "kind": "partnership", "company_text": "Latent Labs", "company_id": "BIZ-LAB-009", "counterparty": "Amazon Web Services", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Latent Labs and AWS announce a collaboration. For: Scaling generative AI for life sciences on AWS.", "sources_text": "https://www.latentlabs.com/press-release/ — \"Latent Labs and AWS announce collaboration to scale generative AI for the Life Sciences\"", "source_urls": [ "https://www.latentlabs.com/press-release/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-05-06", "date_sort": "2025-05-06", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-4024", "date": "2025-05-06", "year": "2025", "kind": "licensing", "company_text": "Alchemab Therapeutics", "company_id": "BIZ-LAB-4003", "counterparty": "Eli Lilly", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Lilly has licensed Alchemab's ALS antibody (date and terms not in source). For: Licence to ATLX-1282, an antibody for ALS. [Labs Round 8] Alchemab dates the licence 6 May 2025, worth up to US$415m including upfront and downstream payments plus royalties (a ceiling, never summed).", "sources_text": "https://www.uktech.news/biotech/alchemab-therapeutics-extends-series-a-with-25m-investment-20260709 (trade) — \"marking the Bank’s largest investment in a life sciences company to date.\"", "source_urls": [ "https://www.uktech.news/biotech/alchemab-therapeutics-extends-series-a-with-25m-investment-20260709" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "— (before 2026-07-09; date not given)", "date_sort": "2025-05-06", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "up to US$415m including upfront and downstream payments plus royalties", "gbp_txt": "", "show": true, "labs_r7": true, "date_r8_from": null, "amount_as_written": "up to US$415m including upfront and downstream payments plus royalties" }, { "id": "DEAL-LAB-2013", "date": "2025-05-01", "year": "2025", "kind": "funding_round", "company_text": "AMPLY Discovery", "company_id": "BIZ-SU-HLT-048", "counterparty": "Twin Path Ventures", "amount": 1750000, "amount_text": "1,750,000", "currency": "USD", "valuation_reported": null, "summary": "Seed round for Queen's University Belfast spin-out.", "sources_text": "https://tech.eu/2025/05/01/queens-university-spin-off-amply-secures-175m-for-ai-drug-discovery/", "source_urls": [ "https://tech.eu/2025/05/01/queens-university-spin-off-amply-secures-175m-for-ai-drug-discovery/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-05-01", "date_sort": "2025-05-01", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": 1316185, "fx_rate": 1.3296, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3296 per £ on 2025-05-01", "fx_date": "2025-05-01", "fx_note": "", "txt": "US$1.8m", "gbp_txt": "£1.3m", "show": true }, { "id": "DEAL-LAB-5025", "date": "2025-05-01", "year": "2025", "kind": "funding_round", "company_text": "Recraft", "company_id": "BIZ-SU-CRE-801", "counterparty": "Accel", "amount": 30000000, "amount_text": "30,000,000", "currency": "USD", "valuation_reported": null, "summary": "Recraft raised a $30M Series B led by Accel. For: Iterating on its own image model. Other investors: Madrona Ventures; Khosla Ventures, Nat Friedman, Elad Gil, RTP Global (existing).", "sources_text": "https://www.recraft.ai/news/series-b-announcement — \"led by Accel with participation from Madrona Ventures\"", "source_urls": [ "https://www.recraft.ai/news/series-b-announcement" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-05-01", "date_sort": "2025-05-01", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": 22563177, "fx_rate": 1.3296, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3296 per £ on 2025-05-01", "fx_date": "2025-05-01", "fx_note": "", "txt": "US$30m", "gbp_txt": "£22.6m", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-7010", "date": "2025-04-16", "year": "2025", "kind": "partnership", "company_text": "Stability AI", "company_id": "BIZ-LAB-006", "counterparty": "AMD", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Stability AI's image models were optimised to run on AMD chips. For: Stable Diffusion optimised for AMD Radeon GPUs and Ryzen AI APUs.", "sources_text": "https://stability.ai/news-updates — \"Stable Diffusion Now Optimized for AMD Radeon™ GPUs and Ryzen™ AI APUs\" (4/16/25)", "source_urls": [ "https://stability.ai/news-updates" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-04-16", "date_sort": "2025-04-16", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-041", "date": "2025-04-15", "year": "2025", "kind": "funding_round", "company_text": "Synthesia (BIZ-LAB-004)", "company_id": "BIZ-LAB-004", "counterparty": "Adobe Ventures", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Strategic investment, amount not disclosed; ARR passed US$100m", "sources_text": "https://www.synthesia.io/post/100-million-revenue-adobe-investment — \"received a strategic investment from Adobe Ventures\"; https://www.uktech.news/ai/synthesia-recurring-revenue-surpasses-100m-20250415 — \"has also secured a strategic investment from Adobe Ventures\"", "source_urls": [ "https://www.synthesia.io/post/100-million-revenue-adobe-investment", "https://www.uktech.news/ai/synthesia-recurring-revenue-surpasses-100m-20250415" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-04-15", "date_sort": "2025-04-15", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-5018", "date": "2025-04-10", "year": "2025", "kind": "licensing", "company_text": "Synthesia", "company_id": "BIZ-LAB-004", "counterparty": "Shutterstock", "amount": null, "amount_text": "not disclosed", "currency": null, "valuation_reported": null, "summary": "Synthesia licensed Shutterstock video for AI research, with an option for commercial use. For: Research licence to Shutterstock video library, option to extend to commercial use.", "sources_text": "https://www.synthesia.io/post/partnering-shutterstock-accelerate-ai-research — \"through a research license, with the option of extending it for commercial use.\"", "source_urls": [ "https://www.synthesia.io/post/partnering-shutterstock-accelerate-ai-research" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-04-10", "date_sort": "2025-04-10", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "not disclosed", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "not disclosed", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-7001", "date": "2025-04-10", "year": "2025", "kind": "licensing", "company_text": "Synthesia", "company_id": "BIZ-LAB-004", "counterparty": "Shutterstock", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Synthesia licensed Shutterstock footage to train its EXPRESS-2 video and audio model. For: Research licence to Shutterstock's HD and 4K video library to pre-train the EXPRESS-2 avatar model, with option to extend to commercial use.", "sources_text": "https://www.synthesia.io/post/partnering-shutterstock-accelerate-ai-research — \"Today, we are announcing that Synthesia will be leveraging Shutterstock's extensive content library\"", "source_urls": [ "https://www.synthesia.io/post/partnering-shutterstock-accelerate-ai-research" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-04-10", "date_sort": "2025-04-10", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-INV-2096", "date": "2025-04-04", "year": "2025", "kind": "funding_round", "company_text": "Isomorphic Labs", "company_id": "BIZ-LAB-002", "counterparty": "Thrive Capital, Google Ventures", "amount": null, "amount_text": "462.3m", "currency": "GBP", "valuation_reported": null, "summary": "Isomorphic Labs (AI drug discovery) raised £462.3m (Late VC), reported by UKTN weekly roundup.", "sources_text": "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-3-20250404 — \"Isomorphic Labs is using AI to discover new drugs\" (trade)", "source_urls": [ "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-3-20250404" ], "confidence": "single_source", "ledger": "page", "page": "investors", "render": true, "date_text": "2025-04-04 (week ending)", "date_sort": "2025-04-04", "before_ledger_start": false, "week_ending": true, "trade": true, "round4": true, "amount_as_written": "462.3m", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "462.3m GBP", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-002", "date": "2025-03-31", "year": "2025", "kind": "funding_round", "company_text": "Isomorphic Labs (BIZ-LAB-002)", "company_id": "BIZ-LAB-002", "counterparty": "Thrive Capital", "amount": 600000000, "amount_text": "600000000", "currency": "USD", "valuation_reported": null, "summary": "First external round; GV and Alphabet took part", "sources_text": "https://www.isomorphiclabs.com/articles/isomorphic-labs-announces-600m-external-investment-round — \"$600 Million\"", "source_urls": [ "https://www.isomorphiclabs.com/articles/isomorphic-labs-announces-600m-external-investment-round", "https://www.fiercebiotech.com/biotech/ai-biotech-isomorphic-labs-hauls-600m-power-next-gen-drug-design-model", "https://tech.eu/2025/03/31/isomorphic-labs-nets-600m-in-first-external-funding-round/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "same_event_as": "DEAL-X-009", "date_text": "2025-03-31", "date_sort": "2025-03-31", "before_ledger_start": false, "amount_gbp": 464756003, "fx_rate": 1.291, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.291 per £ on 2025-03-31", "fx_date": "2025-03-31", "fx_note": "", "txt": "US$600m", "gbp_txt": "£464.8m", "show": true, "same_event_ids": [ "DEAL-X-009" ] }, { "id": "DEAL-LAB-7011", "date": "2025-03-12", "year": "2025", "kind": "partnership", "company_text": "Google DeepMind", "company_id": "BIZ-LAB-001", "counterparty": "Apptronik", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Google DeepMind partnered with Apptronik on humanoid robots using its Gemini Robotics models. For: Building next-generation humanoid robots with Gemini 2.0 / Gemini Robotics.", "sources_text": "https://deepmind.google/blog/gemini-robotics-brings-ai-into-the-physical-world/ — \"Gemini Robotics is also adept at dealing with new objects, diverse instructions, and new environments.\"", "source_urls": [ "https://deepmind.google/blog/gemini-robotics-brings-ai-into-the-physical-world/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-03-12", "date_sort": "2025-03-12", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-050", "date": "2025-03-05", "year": "2025", "kind": "funding_round", "company_text": "Stability AI (BIZ-LAB-006)", "company_id": "BIZ-LAB-006", "counterparty": "WPP", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Strategic investment and partnership, amount not stated", "sources_text": "https://stability.ai/news-updates/stability-ai-announces-investment-from-wpp-and-new-partnership-to-shape-the-future-of-media-and-entertainment-production — \"strategic partnership and investment\"", "source_urls": [ "https://stability.ai/news-updates/stability-ai-announces-investment-from-wpp-and-new-partnership-to-shape-the-future-of-media-and-entertainment-production" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-03-05", "date_sort": "2025-03-05", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-SAFE-002", "date": "2025-02-20", "year": "2025", "kind": "funding_round", "company_text": "Safe Intelligence (BIZ-SAFE-005)", "company_id": "BIZ-SAFE-005", "counterparty": "Amadeus Capital Partners", "amount": 4150000, "amount_text": "4150000", "currency": "GBP", "valuation_reported": null, "summary": "Seed round with OTB Ventures and Vsquared Ventures", "sources_text": "https://www.uktech.news/ai/safe-intelligence-raises-4m-20250220 (trade) — \"closed a £4.15m seed funding round\"", "source_urls": [ "https://www.uktech.news/ai/safe-intelligence-raises-4m-20250220" ], "confidence": "single_source", "ledger": "page", "page": "safety", "render": true, "date_text": "2025-02-20", "date_sort": "2025-02-20", "before_ledger_start": false, "amount_gbp": 4150000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£4.2m", "gbp_txt": "£4.2m", "show": true }, { "id": "DEAL-LAB-16004", "date": "2025-02-20", "year": "2025", "kind": "partnership", "company_text": "Materials Nexus (MatNex)", "company_id": "BIZ-SU-IND-705", "counterparty": "Viridien", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "MatNex and Viridien partnered to scale MatNex's computing capacity. For: AI, HPC and optimisation capacity for materials discovery.", "sources_text": "https://matnex.ai/news/matnex-and-viridien-partner-to-accelerate-ai-powered-materials-discovery — \"MatNex and Viridien are partnering to rapidly scale computational capacity\"", "source_urls": [ "https://matnex.ai/news/matnex-and-viridien-partner-to-accelerate-ai-powered-materials-discovery" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-02-20", "date_sort": "2025-02-20", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-INV-2101", "date": "2025-02-14", "year": "2025", "kind": "funding_round", "company_text": "Latent Labs", "company_id": "BIZ-LAB-009", "counterparty": "Sofinnova Partners, 8VC, Kindred Capital, Isomer Capital and others", "amount": null, "amount_text": "40m", "currency": "GBP", "valuation_reported": null, "summary": "Latent Labs (AI for biology design) raised £40m (Series A), reported by UKTN weekly roundup.", "sources_text": "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-revving-to-hownow-20250214 — \"frontier AI lab developing programmable biology products\" (trade)", "source_urls": [ "https://www.uktech.news/funding/uk-tech-funding-roundup-this-weeks-deals-from-revving-to-hownow-20250214" ], "confidence": "single_source", "ledger": "page", "page": "investors", "render": true, "date_text": "2025-02-14 (week ending)", "date_sort": "2025-02-14", "before_ledger_start": false, "week_ending": true, "trade": true, "round4": true, "amount_as_written": "40m", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "40m GBP", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-021", "date": "2025-02-13", "year": "2025", "kind": "funding_round", "company_text": "Latent Labs (BIZ-LAB-009)", "company_id": "BIZ-LAB-009", "counterparty": "Radical Ventures and Sofinnova Partners", "amount": 40000000, "amount_text": "40000000", "currency": "USD", "valuation_reported": null, "summary": "Series A; US$50m total funding at launch", "sources_text": "https://www.latentlabs.com/press-release/latent-labs-secures-50m-in-funding/ — \"a $40M Series A\"; https://tech.eu/2025/02/13/ai-pioneer-dr-simon-kohls-latent-labs-raises-50m/ — \"$50 million in total funding\"", "source_urls": [ "https://www.latentlabs.com/press-release/latent-labs-secures-50m-in-funding/", "https://tech.eu/2025/02/13/ai-pioneer-dr-simon-kohls-latent-labs-raises-50m/" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-02-13", "date_sort": "2025-02-13", "before_ledger_start": false, "amount_gbp": 31941228, "fx_rate": 1.2523, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2523 per £ on 2025-02-13", "fx_date": "2025-02-13", "fx_note": "", "txt": "US$40m", "gbp_txt": "£31.9m", "show": true }, { "id": "DEAL-LAB-2028", "date": "2025-02-13", "year": "2025", "kind": "funding_round", "company_text": "Latent Labs", "company_id": "BIZ-LAB-009", "counterparty": "Radical Ventures; Sofinnova Partners", "amount": null, "amount_text": "50,000,000 (incl. 40,000,000 Series A)", "currency": "USD", "valuation_reported": null, "summary": "Out of stealth with protein-design platform.", "sources_text": "https://tech.eu/2025/02/13/ai-pioneer-dr-simon-kohls-latent-labs-raises-50m/", "source_urls": [ "https://tech.eu/2025/02/13/ai-pioneer-dr-simon-kohls-latent-labs-raises-50m/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-02-13", "date_sort": "2025-02-13", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "50,000,000 (incl. 40,000,000 Series A)", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "50,000,000 (incl. 40,000,000 Series A) USD", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-7007", "date": "2025-02-12", "year": "2025", "kind": "partnership", "company_text": "Stability AI", "company_id": "BIZ-LAB-006", "counterparty": "Microsoft (Azure AI Foundry)", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Stability AI's image model was listed on Microsoft's cloud AI platform. For: Stable Diffusion 3.5 Large offered on Microsoft Azure AI Foundry.", "sources_text": "https://stability.ai/news-updates?offset=1742313654132 — \"Stable Diffusion 3.5 Large is Now Available on Microsoft Azure AI Foundry\" (2/12/25)", "source_urls": [ "https://stability.ai/news-updates?offset=1742313654132" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-02-12", "date_sort": "2025-02-12", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-4017", "date": "2025-02", "year": "2025", "kind": "partnership", "company_text": "Isomorphic Labs", "company_id": "BIZ-LAB-002", "counterparty": "Novartis", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Novartis collaboration expanded (month only on company page). For: Expansion by up to three more research programmes.", "sources_text": "https://www.isomorphiclabs.com/partnerships — \"an established leader in the creation of innovative medicines\"", "source_urls": [ "https://www.isomorphiclabs.com/partnerships" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-02", "date_sort": "2025-02-00", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-009", "date": "2025-01-30", "year": "2025", "kind": "funding_round", "company_text": "ElevenLabs (BIZ-LAB-005)", "company_id": "BIZ-LAB-005", "counterparty": "a16z and ICONIQ Growth", "amount": 180000000, "amount_text": "180000000", "currency": "USD", "valuation_reported": "3300000000 USD", "summary": "Series C", "sources_text": "https://elevenlabs.io/blog/series-c — \"has raised $180 million in a Series C funding round\" \"values ElevenLabs at $3.3 billion\"", "source_urls": [ "https://elevenlabs.io/blog/series-c" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-01-30", "date_sort": "2025-01-30", "before_ledger_start": false, "amount_gbp": 144381166, "fx_rate": 1.2467, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2467 per £ on 2025-01-30", "fx_date": "2025-01-30", "fx_note": "", "txt": "US$180m", "gbp_txt": "£144.4m", "show": true }, { "id": "DEAL-LAB-007", "date": "2025-01-15", "year": "2025", "kind": "funding_round", "company_text": "Synthesia (BIZ-LAB-004)", "company_id": "BIZ-LAB-004", "counterparty": "NEA", "amount": 180000000, "amount_text": "180000000", "currency": "USD", "valuation_reported": "2100000000 USD", "summary": "Series D", "sources_text": "https://www.synthesia.io/post/synthesia-secures-180m-in-series-d-funding — \"$180 million Series D funding round\" \"valuing the company at $2.1 billion\"", "source_urls": [ "https://www.synthesia.io/post/synthesia-secures-180m-in-series-d-funding" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-01-15", "date_sort": "2025-01-15", "before_ledger_start": false, "amount_gbp": 146842878, "fx_rate": 1.2258, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2258 per £ on 2025-01-15", "fx_date": "2025-01-15", "fx_note": "", "txt": "US$180m", "gbp_txt": "£146.8m", "show": true }, { "id": "DEAL-LAB-16008", "date": "2025-01-14", "year": "2025", "kind": "partnership", "company_text": "Alchemab Therapeutics", "company_id": "BIZ-LAB-4003", "counterparty": "Eli Lilly", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Lilly and Alchemab agreed to work on up to five ALS antibodies. For: discovery and development of up to five ALS antibodies.", "sources_text": "https://www.alchemab.com/news/ — \"Agreement supports the research and development of up to five novel therapeutic antibodies\"", "source_urls": [ "https://www.alchemab.com/news/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025-01-14", "date_sort": "2025-01-14", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-BIG-014", "date": "2025-01-08", "year": "2025", "kind": "uk_office_opening", "company_text": "xAI (UK) (BIZ-BIG-029)", "company_id": "BIZ-BIG-029", "counterparty": null, "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "xAI begins hiring engineers in London (trade report)", "sources_text": "https://www.uktech.news/ai/elon-musks-xai-starts-hiring-in-london-after-setting-up-shop-20250108 — \"will be based in X's (formerly Twitter's) office in Piccadilly\"", "source_urls": [ "https://www.uktech.news/ai/elon-musks-xai-starts-hiring-in-london-after-setting-up-shop-20250108" ], "confidence": "single_source", "ledger": "page", "page": "big-tech", "render": true, "date_text": "2025-01-08", "date_sort": "2025-01-08", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-SU-CRE-011", "date": "2025-01-07", "year": "2025", "kind": "wind_down", "company_text": "BIZ-SU-CRE-007 iSIZE", "company_id": "BIZ-SU-CRE-007", "counterparty": null, "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "iSIZE Limited dissolved", "sources_text": "https://find-and-update.company-information.service.gov.uk/search/companies?q=isize — \"Dissolved on 7 January 2025\"", "source_urls": [ "https://find-and-update.company-information.service.gov.uk/search/companies?q=isize" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "date_text": "2025-01-07", "date_sort": "2025-01-07", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-14008", "date": "2025", "year": "2025", "kind": "partnership", "company_text": "The Alan Turing Institute", "company_id": "BIZ-SAFE-2060", "counterparty": "University of Cambridge; Microsoft Research", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Turing, Cambridge and Microsoft Research built the end-to-end AI weather model published in Nature. For: Joint development of Aardvark Weather (BIZ-LAB-14082).", "sources_text": "https://www.turing.ac.uk/science-innovation/environment-and-sustainability/environmental-forecasting/end-to-end-forecasting — \"the first system of its kind to demonstrate that full pipeline replacement is both feasible and effective.\"", "source_urls": [ "https://www.turing.ac.uk/science-innovation/environment-and-sustainability/environmental-forecasting/end-to-end-forecasting" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2025", "date_sort": "2025-00-00", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-7003", "date": "2024-12-19", "year": "2024", "kind": "partnership", "company_text": "Stability AI", "company_id": "BIZ-LAB-006", "counterparty": "Amazon Web Services (Amazon Bedrock)", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Stability AI's image models were made available through Amazon's cloud model services. For: Stable Diffusion 3.5 Large offered on Amazon Bedrock (after SageMaker JumpStart, 14 Nov 2024; top three text-to-image models on Bedrock, 4 Sep 2024; Image Services on Bedrock, 18 Sep 2025).", "sources_text": "https://stability.ai/news-updates?offset=1742313654132 — \"Stable Diffusion 3.5 Large is Now Available on Amazon Bedrock\" (12/19/24)", "source_urls": [ "https://stability.ai/news-updates?offset=1742313654132" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-12-19", "date_sort": "2024-12-19", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-14002", "date": "2024-12-18", "year": "2024", "kind": "partnership", "company_text": "Odyssey", "company_id": "BIZ-LAB-2004", "counterparty": "Garden Studios", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Odyssey trialled Explorer inside a production workflow with Garden Studios. For: Production trial of the Explorer image-to-world model (BIZ-LAB-14059).", "sources_text": "https://odyssey.systems/introducing-explorer — \"Explorer is an image-to-world model that transforms any image into a realized, detailed 3D world.\"", "source_urls": [ "https://odyssey.systems/introducing-explorer" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-12-18", "date_sort": "2024-12-18", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-16016", "date": "2024-12-05", "year": "2024", "kind": "partnership", "company_text": "Tolemy Bio", "company_id": "BIZ-LAB-4002", "counterparty": "MFX; Aminoacids.com", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Tolemy Bio joined MFX and Aminoacids.com to design AI culture media for cell therapies. For: AI-derived media formulations for T-cell culture.", "sources_text": "https://mfx.bio/news-press-releases/press-release-mfx-tolemy-aa-2024/ — \"an ideal testbed to generate the culture data\"", "source_urls": [ "https://mfx.bio/news-press-releases/press-release-mfx-tolemy-aa-2024/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-12-05", "date_sort": "2024-12-05", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-7004", "date": "2024-12-04", "year": "2024", "kind": "partnership", "company_text": "PhysicsX", "company_id": "BIZ-LAB-008", "counterparty": "Siemens Digital Industries Software", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Siemens and PhysicsX agreed to build AI-based physics simulation, starting with an aerospace model. For: LGM-Aero trained on simulation data from Siemens Xcelerator (Simcenter STAR-CCM+ and Nastran); Ai.rplane released.", "sources_text": "https://www.physicsx.ai/newsroom/siemens-physicsx-collaborate-to-build-ai-based-deep-physics-simulation — \"Together, they aim to create the next generation of AI-based deep physics simulation to accelerate performance prediction and optimization.\"", "source_urls": [ "https://www.physicsx.ai/newsroom/siemens-physicsx-collaborate-to-build-ai-based-deep-physics-simulation" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-12-04", "date_sort": "2024-12-04", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-2033", "date": "2024-12", "year": "2024", "kind": "uk_office_opening", "company_text": "xAI London", "company_id": "BIZ-BIG-029", "counterparty": "xAI", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "UK company incorporated; team in X's Piccadilly office.", "sources_text": "https://www.uktech.news/ai/elon-musks-xai-starts-hiring-in-london-after-setting-up-shop-20250108", "source_urls": [ "https://www.uktech.news/ai/elon-musks-xai-starts-hiring-in-london-after-setting-up-shop-20250108" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-12", "date_sort": "2024-12-00", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-8026", "date": "2024-12", "year": "2024", "kind": "partnership", "company_text": "Orbital Industries (then Orbital Materials)", "company_id": "BIZ-LAB-024", "counterparty": "Amazon Web Services", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "AWS strategic agreement For: Strategic agreement on data-centre decarbonisation, cooling and water use; Orb on SageMaker JumpStart and AWS Marketplace.", "sources_text": "(trade) https://thenextweb.com/news/orbital-industries-50m-series-b-data-center-cooling — \"The strategic agreement covers data-centre decarbonisation, cooling and water-utilisation technologies\"", "source_urls": [ "https://thenextweb.com/news/orbital-industries-50m-series-b-data-center-cooling" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-12", "date_sort": "2024-12-00", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-9002", "date": "2024-11-13", "year": "2024", "kind": "funding_round", "company_text": "Odyssey", "company_id": "BIZ-LAB-2004", "counterparty": "EQT Ventures", "amount": 18000000, "amount_text": "18000000", "currency": "USD", "valuation_reported": null, "summary": "Odyssey raises an $18m Series A led by EQT Ventures. For: Series A; capture and generation of 3D worlds.", "sources_text": "https://www.maginative.com/odyssey-raises-18m-to-build-ai-worlds-using-backpack-mounted-cameras (trade) — \"The round, led by EQT Ventures\"", "source_urls": [ "https://www.maginative.com/odyssey-raises-18m-to-build-ai-worlds-using-backpack-mounted-cameras" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-11-13", "date_sort": "2024-11-13", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": 14146495, "fx_rate": 1.2724, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2724 per £ on 2024-11-13", "fx_date": "2024-11-13", "fx_note": "", "txt": "US$18m", "gbp_txt": "£14.1m", "show": true, "labs_r7": true }, { "id": "DEAL-SU-HLT-034", "date": "2024-10-15", "year": "2024", "kind": "funding_round", "company_text": "Shift Bioscience (BIZ-SU-HLT-025)", "company_id": "BIZ-SU-HLT-025", "counterparty": "BGF", "amount": 16000000, "amount_text": "16000000", "currency": "USD", "valuation_reported": null, "summary": "Seed round with F-Prime Capital, Kindred Capital and Jonathan Milner. [Labs Round 8] This is the £12.5m seed led by BGF (tech.eu, trade).", "sources_text": "https://www.uktech.news/ai/shift-bioscience-gen-ai-reverse-ageing-20241015 — \"closed a $16m (£12.2m) seed funding round\" (accessed 2026-10-29)", "source_urls": [ "https://www.uktech.news/ai/shift-bioscience-gen-ai-reverse-ageing-20241015" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "date_text": "2024-10-15", "date_sort": "2024-10-15", "before_ledger_start": false, "amount_gbp": 12219337, "fx_rate": 1.3094, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3094 per £ on 2024-10-15", "fx_date": "2024-10-15", "fx_note": "", "txt": "US$16m", "gbp_txt": "£12.2m", "show": true }, { "id": "DEAL-LAB-4008", "date": "2024-10-09", "year": "2024", "kind": "funding_round", "company_text": "Basecamp Research", "company_id": "BIZ-LAB-010", "counterparty": "not verified", "amount": 60000000, "amount_text": "60,000,000", "currency": "USD", "valuation_reported": null, "summary": "$60m round reported by TechCrunch (headline only; lead and investors to verify). For: Building a 'GPT for biology'.", "sources_text": "https://www.basecamp-research.com/news-research — \"Basecamp Research draws $60M to build a 'GPT for biology'\"", "source_urls": [ "https://www.basecamp-research.com/news-research" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-10-09", "date_sort": "2024-10-09", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": 45899633, "fx_rate": 1.3072, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3072 per £ on 2024-10-09", "fx_date": "2024-10-09", "fx_note": "", "txt": "US$60m", "gbp_txt": "£45.9m", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-032", "date": "2024-09-27", "year": "2024", "kind": "funding_round", "company_text": "Convergence (BIZ-LAB-021)", "company_id": "BIZ-LAB-021", "counterparty": "Balderton Capital", "amount": 12000000, "amount_text": "12000000", "currency": "USD", "valuation_reported": null, "summary": "Pre-seed", "sources_text": "https://tech.eu/2024/09/27/convergence-secures-12m-pre-seed-for-personalised-ai-agent/ — \"$12 million in Pre-Seed funding\"", "source_urls": [ "https://tech.eu/2024/09/27/convergence-secures-12m-pre-seed-for-personalised-ai-agent/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-09-27", "date_sort": "2024-09-27", "before_ledger_start": false, "amount_gbp": 8949881, "fx_rate": 1.3408, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3408 per £ on 2024-09-27", "fx_date": "2024-09-27", "fx_note": "", "txt": "US$12m", "gbp_txt": "£8.9m", "show": true }, { "id": "DEAL-LAB-12010", "date": "2024-09-16", "year": "2024", "kind": "rename", "company_text": "Mach42 (formerly Machine Discovery)", "company_id": "BIZ-SW-604", "counterparty": null, "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Machine Discovery becomes Mach42 For: Machine Discovery renamed Mach42; corporate structure unchanged.", "sources_text": "https://mach42.ai/resource-IntroducingMach42.html — \"using the opportunity to reflect our vision and goals accurately by changing our name\"", "source_urls": [ "https://mach42.ai/resource-IntroducingMach42.html" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-09-16", "date_sort": "2024-09-16", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-7009", "date": "2024-09-05", "year": "2024", "kind": "partnership", "company_text": "Stability AI", "company_id": "BIZ-LAB-006", "counterparty": "Lenovo", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Lenovo put a Stability AI image model into its Creator Zone software. For: A Stability AI text-to-image model featured in Lenovo Creator Zone.", "sources_text": "https://stability.ai/news-updates?offset=1742313654132 — \"Lenovo Features Stability AI Text-To-Image Model in Its New Lenovo Creator Zone\" (9/5/24)", "source_urls": [ "https://stability.ai/news-updates?offset=1742313654132" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-09-05", "date_sort": "2024-09-05", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LB-134", "date": "2024-08-29", "year": "2024", "kind": "funding_round", "company_text": "Wayve (BIZ-LAB-003)", "company_id": "BIZ-LAB-003", "counterparty": "Uber", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Uber invested an undisclosed sum in Wayve, extending its $1.05bn Series C.", "sources_text": "https://www.uktech.news/ai/ai-wayve-uber-20240830 (trade) — \"The investment from the San Francisco firm will extend the $1.05bn Series C funding round\" ; https://investor.uber.com/news-events/news/press-release-details/2024/Wayve-and-Uber-Partner-to-Accelerate-the-Future-of-Automated-Driving/default.aspx (primary) — \"August 29, 2024\" … \"Uber has also agreed to make a strategic investment in Wayve\" … \"as an extension of the company's previously announced Series C fundraising round\"", "source_urls": [ "https://www.uktech.news/ai/ai-wayve-uber-20240830", "https://investor.uber.com/news-events/news/press-release-details/2024/Wayve-and-Uber-Partner-to-Accelerate-the-Future-of-Automated-Driving/default.aspx" ], "confidence": "verified", "ledger": "ledger2", "page": "labs", "render": true, "date_text": "2024-08-29", "date_sort": "2024-08-29", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LB-133", "date": "2024-08-21", "year": "2024", "kind": "acquisition", "company_text": "Safe Sign Technologies (new)", "company_id": "BIZ-SU-LEG-602", "counterparty": "Thomson Reuters", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Thomson Reuters bought Cambridge legal-LLM start-up Safe Sign Technologies; cost undisclosed.", "sources_text": "https://www.thomsonreuters.com/en/press-releases/2024/august/thomson-reuters-corporation-acquires-safe-sign-technologies-to-accelerate-its-ai-strategy.html (primary) — \"TORONTO, Aug. 21, 2024\" … \"today announced it has acquired Safe Sign Technologies, a UK-based startup\" ; https://www.uktech.news/ai/thomson-reuters-acquires-uk-ai-startup-20240822 (trade) — \"A Cambridge-based AI startup developing large language model (LLM) technology for law has been acquired by Thomson Reuters.\"", "source_urls": [ "https://www.thomsonreuters.com/en/press-releases/2024/august/thomson-reuters-corporation-acquires-safe-sign-technologies-to-accelerate-its-ai-strategy.html", "https://www.uktech.news/ai/thomson-reuters-acquires-uk-ai-startup-20240822" ], "confidence": "verified", "ledger": "ledger2", "page": "startups", "render": true, "date_text": "2024-08-21", "date_sort": "2024-08-21", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LB-132", "date": "2024-08-20", "year": "2024", "kind": "funding_round", "company_text": "BeyondMath (BIZ-LAB-022)", "company_id": "BIZ-LAB-022", "counterparty": "UP.Partners", "amount": 8500000, "amount_text": "8500000", "currency": "USD", "valuation_reported": null, "summary": "Cambridge AI physics-simulation company secured an $8.5m seed round.", "sources_text": "https://www.uktech.news/ai/beyondmath-funding-20240820 (trade) — \"BeyondMath, a Cambridge-based AI company, has announced it has secured $8.5m (£6.5m) in seed funding.\"", "source_urls": [ "https://www.uktech.news/ai/beyondmath-funding-20240820" ], "confidence": "single_source", "ledger": "ledger2", "page": "labs", "render": true, "date_text": "2024-08-20", "date_sort": "2024-08-20", "before_ledger_start": false, "amount_gbp": 6522907, "fx_rate": 1.3031, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3031 per £ on 2024-08-20", "fx_date": "2024-08-20", "fx_note": "", "txt": "US$8.5m", "gbp_txt": "£6.5m", "show": true }, { "id": "DEAL-LAB-2034", "date": "2024-08-14", "year": "2024", "kind": "uk_office_opening", "company_text": "ElevenLabs", "company_id": "BIZ-LAB-005", "counterparty": null, "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "European HQ opened on Wardour Street, Soho.", "sources_text": "https://www.uktech.news/ai/elevenlabs-worldwide-london-20240814", "source_urls": [ "https://www.uktech.news/ai/elevenlabs-worldwide-london-20240814" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-08-14", "date_sort": "2024-08-14", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-SW-019", "date": "2024-08-12", "year": "2024", "kind": "funding_round", "company_text": "Cosine (BIZ-SW-014)", "company_id": "BIZ-SW-014", "counterparty": "SOMA; Uphonest", "amount": 2500000, "amount_text": "2500000", "currency": "USD", "valuation_reported": null, "summary": "Round with Lakestar and Focal.", "sources_text": "https://tech.eu/2024/08/12/uk-ai-startup-cosine-raises-2-5m-for-its-ai-developer-outperforming-human-coders/ — \"$2.5 million\"", "source_urls": [ "https://tech.eu/2024/08/12/uk-ai-startup-cosine-raises-2-5m-for-its-ai-developer-outperforming-human-coders/" ], "confidence": "single_source", "ledger": "page", "page": "software", "render": true, "date_text": "2024-08-12", "date_sort": "2024-08-12", "before_ledger_start": false, "amount_gbp": 1955417, "fx_rate": 1.2785, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2785 per £ on 2024-08-12", "fx_date": "2024-08-12", "fx_note": "", "txt": "US$2.5m", "gbp_txt": "£2m", "show": true }, { "id": "DEAL-LAB-16003", "date": "2024-08-07", "year": "2024", "kind": "grant", "company_text": "Monumo", "company_id": "BIZ-SU-IND-026", "counterparty": "Innovate UK (UKRI)", "amount": 750000, "amount_text": "750,000", "currency": "GBP", "valuation_reported": null, "summary": "Innovate UK granted Monumo £750k to develop 3D generative design for motors. For: 3D Generative-AI Technology (3D-GAIT) for electric-motor design. Other investors: project partners: University of Nottingham PEMC group; hofer powertrain UK.", "sources_text": "https://tech.eu/2024/08/07/monumos-innovations-in-electric-drive-design-a-ps750000-boost-from-innovate-uk/ (trade) — \"Monumo's innovative electric drive design gets a £750k boost from Innovate UK\"", "source_urls": [ "https://tech.eu/2024/08/07/monumos-innovations-in-electric-drive-design-a-ps750000-boost-from-innovate-uk/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-08-07", "date_sort": "2024-08-07", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": 750000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£750,000 reported", "gbp_txt": "£750,000", "show": true, "labs_r8": true }, { "id": "DEAL-SU-HLT-035", "date": "2024-08-02", "year": "2024", "kind": "funding_round", "company_text": "Healx (BIZ-SU-HLT-037)", "company_id": "BIZ-SU-HLT-037", "counterparty": "R42 Group and Atomico", "amount": 47000000, "amount_text": "47000000", "currency": "USD", "valuation_reported": null, "summary": "Series C to take HLX-1502 into phase 2.", "sources_text": "https://www.uktech.news/medtech/healx-series-c-round-20240802 — \"led by R42 Group and Atomico\" (accessed 2026-10-29)", "source_urls": [ "https://www.uktech.news/medtech/healx-series-c-round-20240802" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "date_text": "2024-08-02", "date_sort": "2024-08-02", "before_ledger_start": false, "amount_gbp": 36698680, "fx_rate": 1.2807, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2807 per £ on 2024-08-02", "fx_date": "2024-08-02", "fx_note": "", "txt": "US$47m", "gbp_txt": "£36.7m", "show": true }, { "id": "DEAL-LAB-012", "date": "2024-06-25", "year": "2024", "kind": "funding_round", "company_text": "Stability AI (BIZ-LAB-006)", "company_id": "BIZ-LAB-006", "counterparty": "Greycroft, Coatue, Sound Ventures, Lightspeed and others", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "New investment; Prem Akkaraju became CEO and Sean Parker executive chairman; amount not stated", "sources_text": "https://stability.ai/news/stability-ai-secures-significant-new-investment — \"will assume the role of CEO effective immediately\"", "source_urls": [ "https://stability.ai/news/stability-ai-secures-significant-new-investment" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-06-25", "date_sort": "2024-06-25", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-4019", "date": "2024-06-18", "year": "2024", "kind": "funding_round", "company_text": "CuspAI", "company_id": "BIZ-LAB-011", "counterparty": "Hoxton Ventures", "amount": 30000000, "amount_text": "30,000,000", "currency": "USD", "valuation_reported": null, "summary": "CuspAI raises $30m (£24m). For: Materials discovery platform; Geoffrey Hinton advises the board. Other investors: Basis Set Ventures; Lightspeed Venture Partners; LocalGlobe; Northzone; Touring Capital; Giant Ventures; FJ Labs; Tiferes Ventures; Zero Prime Ventures.", "sources_text": "https://www.uktech.news/ai/cuspai-funding-godfather-20240618 (trade) — \"Humanity will face many challenges in the coming decade.\"", "source_urls": [ "https://www.uktech.news/ai/cuspai-funding-godfather-20240618" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-06-18", "date_sort": "2024-06-18", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": 23640662, "fx_rate": 1.269, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.269 per £ on 2024-06-18", "fx_date": "2024-06-18", "fx_note": "", "txt": "US$30m", "gbp_txt": "£23.6m", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-12008", "date": "2024-06-12", "year": "2024", "kind": "partnership", "company_text": "Ochre Bio", "company_id": "BIZ-LAB-12011", "counterparty": "GSK", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "GSK signs an AI pact with Ochre Bio on liver disease For: Human liver functional-genomics and single-cell datasets for both firms' AI models; research phase completed 2025-11-18.", "sources_text": "https://www.ochre-bio.com/news/ — \"GSK signs AI pact with Ochre to pinpoint source of liver diseases\"; https://www.ochre-bio.com/2025/11/18/ochre-bio-completes-human-liver-functional-genomics-and-single-cell-datasets-in-partnership-with-gsk/ — \"feed our algorithms (AI)\"", "source_urls": [ "https://www.ochre-bio.com/news/", "https://www.ochre-bio.com/2025/11/18/ochre-bio-completes-human-liver-functional-genomics-and-single-cell-datasets-in-partnership-with-gsk/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-06-12", "date_sort": "2024-06-12", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-16009", "date": "2024-06-06", "year": "2024", "kind": "grant", "company_text": "Alchemab Therapeutics", "company_id": "BIZ-LAB-4003", "counterparty": "The Michael J. Fox Foundation", "amount": 595000, "amount_text": "595,000", "currency": "USD", "valuation_reported": null, "summary": "The Michael J. Fox Foundation granted Alchemab $595k for a Parkinson's antibody. For: antibody with potential in Parkinson's disease.", "sources_text": "https://www.alchemab.com/news/ — \"awarded a grant of US$595,000 by The Michael J. Fox Foundation for Parkinson's Research\"", "source_urls": [ "https://www.alchemab.com/news/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-06-06", "date_sort": "2024-06-06", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": 465826, "fx_rate": 1.2773, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2773 per £ on 2024-06-06", "fx_date": "2024-06-06", "fx_note": "", "txt": "US$595,000 reported", "gbp_txt": "£465,826", "show": true, "labs_r8": true }, { "id": "DEAL-LB-126", "date": "2024-05-31", "year": "2024", "kind": "funding_round", "company_text": "Exactly.ai (new)", "company_id": "BIZ-SU-CRE-704", "counterparty": "Speedinvest", "amount": 3400000, "amount_text": "3400000", "currency": "GBP", "valuation_reported": null, "summary": "London platform for artists to build generative AI models of their own work raised £3.4m seed.", "sources_text": "https://www.uktech.news/ai/ai-art-exactly-ai-funding-20240531 (trade) — \"has raised £3.4m in a seed funding round.\" … \"Speedinvest led the seed funding round\"", "source_urls": [ "https://www.uktech.news/ai/ai-art-exactly-ai-funding-20240531" ], "confidence": "single_source", "ledger": "ledger2", "page": "startups", "render": true, "date_text": "2024-05-31", "date_sort": "2024-05-31", "before_ledger_start": false, "amount_gbp": 3400000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£3.4m", "gbp_txt": "£3.4m", "show": true }, { "id": "DEAL-SU-HLT-037", "date": "2024-05-21", "year": "2024", "kind": "funding_round", "company_text": "LabGenius (BIZ-SU-HLT-038)", "company_id": "BIZ-SU-HLT-038", "counterparty": "M Ventures", "amount": 35000000, "amount_text": "35000000", "currency": "GBP", "valuation_reported": null, "summary": "Series B; total funding £58m.", "sources_text": "https://www.uktech.news/medtech/labgenius-drug-discovery-series-b-20240521 — \"The funding round was led by M Ventures.\" (accessed 2026-10-29)", "source_urls": [ "https://www.uktech.news/medtech/labgenius-drug-discovery-series-b-20240521", "https://tech.eu/2024/05/22/labgenius-secures-ps35m-series-b-funding-for-therapeutic-antibody-discovery/" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "date_text": "2024-05-21", "date_sort": "2024-05-21", "before_ledger_start": false, "amount_gbp": 35000000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£35m", "gbp_txt": "£35m", "show": true }, { "id": "DEAL-LAB-015", "date": "2024-05-16", "year": "2024", "kind": "funding_round", "company_text": "PolyAI (BIZ-LAB-007)", "company_id": "BIZ-LAB-007", "counterparty": "Hedosophia, NVentures, Zendesk (new investors)", "amount": 50000000, "amount_text": "50000000", "currency": "USD", "valuation_reported": null, "summary": "Series C", "sources_text": "https://poly.ai/blog/polyai-raises-50-million-series-c — \"$50 million\"", "source_urls": [ "https://poly.ai/blog/polyai-raises-50-million-series-c" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-05-16", "date_sort": "2024-05-16", "before_ledger_start": false, "amount_gbp": 39469530, "fx_rate": 1.2668, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2668 per £ on 2024-05-16", "fx_date": "2024-05-16", "fx_note": "", "txt": "US$50m", "gbp_txt": "£39.5m", "show": true }, { "id": "DEAL-LB-124", "date": "2024-05-15", "year": "2024", "kind": "funding_round", "company_text": "Malted AI (new)", "company_id": "BIZ-SW-401", "counterparty": "Hoxton Ventures", "amount": 6000000, "amount_text": "6000000", "currency": "GBP", "valuation_reported": null, "summary": "Edinburgh start-up distilling LLMs into smaller bespoke models raised £6m seed.", "sources_text": "https://www.uktech.news/ai/malted-ai-funding-20240515 (trade) — \"Edinburgh-based AI startup Malted has raised £6m\" … \"The seed investment was led by Hoxton Ventures\"", "source_urls": [ "https://www.uktech.news/ai/malted-ai-funding-20240515" ], "confidence": "single_source", "ledger": "ledger2", "page": "software", "render": true, "date_text": "2024-05-15", "date_sort": "2024-05-15", "before_ledger_start": false, "amount_gbp": 6000000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£6m", "gbp_txt": "£6m", "show": true }, { "id": "DEAL-RG-001", "date": "2024-05-15", "year": "2024", "kind": "funding_round", "company_text": "Malted AI (new) BIZ-SW-401", "company_id": "BIZ-SW-401", "counterparty": "Hoxton Ventures", "amount": 6000000, "amount_text": "6000000", "currency": "GBP", "valuation_reported": null, "summary": "Seed round with Creator Fund and angels", "sources_text": "https://www.uktech.news/ai/malted-ai-funding-20240515 — \"raised £6m\"", "source_urls": [ "https://www.uktech.news/ai/malted-ai-funding-20240515" ], "confidence": "single_source", "ledger": "ledger2", "page": "software", "render": true, "same_event_as": "DEAL-LB-124", "date_text": "2024-05-15", "date_sort": "2024-05-15", "before_ledger_start": false, "amount_gbp": 6000000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£6m", "gbp_txt": "£6m", "show": true }, { "id": "DEAL-LAB-004", "date": "2024-05-07", "year": "2024", "kind": "funding_round", "company_text": "Wayve (BIZ-LAB-003)", "company_id": "BIZ-LAB-003", "counterparty": "SoftBank Group", "amount": 1050000000, "amount_text": "1050000000", "currency": "USD", "valuation_reported": null, "summary": "Series C with NVIDIA and Microsoft", "sources_text": "https://wayve.ai/press/series-c/ — \"$1.05 billion\"", "source_urls": [ "https://wayve.ai/press/series-c/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-05-07", "date_sort": "2024-05-07", "before_ledger_start": false, "amount_gbp": 836386809, "fx_rate": 1.2554, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2554 per £ on 2024-05-07", "fx_date": "2024-05-07", "fx_note": "", "txt": "US$1.05bn", "gbp_txt": "£836.4m", "show": true }, { "id": "DEAL-BIG-008", "date": "2024-04-07", "year": "2024", "kind": "uk_office_opening", "company_text": "Microsoft AI London hub (BIZ-BIG-010)", "company_id": "BIZ-BIG-010", "counterparty": null, "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Microsoft AI opens a London hub led by Jordan Hoffmann", "sources_text": "https://blogs.microsoft.com/blog/2024/04/07/announcing-new-microsoft-ai-hub-in-london/ — \"drive pioneering work to advance state-of-the-art language models\"; https://www.gov.uk/government/news/leading-tech-firms-invest-over-2-billion-in-the-uk-in-one-week — \"Microsoft recently announced a new AI hub in London\"", "source_urls": [ "https://blogs.microsoft.com/blog/2024/04/07/announcing-new-microsoft-ai-hub-in-london/", "https://www.gov.uk/government/news/leading-tech-firms-invest-over-2-billion-in-the-uk-in-one-week" ], "confidence": "verified", "ledger": "page", "page": "big-tech", "render": true, "date_text": "2024-04-07", "date_sort": "2024-04-07", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LB-120", "date": "2024-03-20", "year": "2024", "kind": "funding_round", "company_text": "Stanhope AI (new)", "company_id": "BIZ-SW-605", "counterparty": "UCL Technology Fund", "amount": 2300000, "amount_text": "2300000", "currency": "GBP", "valuation_reported": null, "summary": "London start-up applying neuroscience to build AI raised £2.3m seed.", "sources_text": "https://www.uktech.news/ai/stanhope-funding-ai-human-brains-20240320 (trade) — \"The seed funding round was led by UCL Technology Fund\" … \"a London-based startup aiming to apply neuroscience principles to create human-like artificial intelligence\"", "source_urls": [ "https://www.uktech.news/ai/stanhope-funding-ai-human-brains-20240320" ], "confidence": "single_source", "ledger": "ledger2", "page": "software", "render": true, "date_text": "2024-03-20", "date_sort": "2024-03-20", "before_ledger_start": false, "amount_gbp": 2300000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£2.3m", "gbp_txt": "£2.3m", "show": true }, { "id": "DEAL-LAB-7012", "date": "2024-03-19", "year": "2024", "kind": "partnership", "company_text": "Google DeepMind", "company_id": "BIZ-LAB-001", "counterparty": "Liverpool FC", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Google DeepMind and Liverpool FC built TacticAI together. For: Multi-year research collaboration behind TacticAI (football corner-kick assistant).", "sources_text": "https://deepmind.google/blog/tacticai-ai-assistant-for-football-tactics/ — \"TacticAI demonstrates the potential of assistive AI techniques to revolutionize sports for players, coaches, and fans.\"", "source_urls": [ "https://deepmind.google/blog/tacticai-ai-assistant-for-football-tactics/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-03-19", "date_sort": "2024-03-19", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-031", "date": "2024-03-06", "year": "2024", "kind": "funding_round", "company_text": "Haiper (BIZ-LAB-020)", "company_id": "BIZ-LAB-020", "counterparty": "not named", "amount": 13800000, "amount_text": "13800000", "currency": "USD", "valuation_reported": null, "summary": "Funding of £10.9m [Labs Round 7] BusinessCloud names Octopus Ventures as lead (single trade source).", "sources_text": "https://www.uktech.news/ai/haiper-ai-video-generation-20240306 — \"$13.8m (£10.9m) in funding\"", "source_urls": [ "https://www.uktech.news/ai/haiper-ai-video-generation-20240306" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-03-06", "date_sort": "2024-03-06", "before_ledger_start": false, "amount_gbp": 10829475, "fx_rate": 1.2743, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2743 per £ on 2024-03-06", "fx_date": "2024-03-06", "fx_note": "", "txt": "US$13.8m", "gbp_txt": "£10.8m", "show": true, "lead_r7": "Octopus Ventures (single trade source: BusinessCloud)", "same_event_ids": [ "DEAL-LAB-2030" ] }, { "id": "DEAL-LAB-4021", "date": "2024-02-23", "year": "2024", "kind": "funding_round", "company_text": "Monumo", "company_id": "BIZ-SU-IND-026", "counterparty": "not named", "amount": 10500000, "amount_text": "10,500,000", "currency": "GBP", "valuation_reported": null, "summary": "Monumo leaves stealth with £10.5m seed funding (investors behind paywall). For: AI electric-motor design.", "sources_text": "https://www.uktech.news/news/founder-interviews/monumo-founder-dominic-vergine-20240223 (trade) — \"Founded in 2021, Monumo this week came out of stealth backed by £10.5m in seed funding.\"", "source_urls": [ "https://www.uktech.news/news/founder-interviews/monumo-founder-dominic-vergine-20240223" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-02-23", "date_sort": "2024-02-23", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": 10500000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£10.5m", "gbp_txt": "£10.5m", "show": true, "labs_r7": true }, { "id": "DEAL-SU-HLT-044", "date": "2024-02-12", "year": "2024", "kind": "funding_round", "company_text": "AMPLY Discovery (BIZ-SU-HLT-048)", "company_id": "BIZ-SU-HLT-048", "counterparty": "Innovate UK (grant)", "amount": 1400000, "amount_text": "1400000", "currency": "GBP", "valuation_reported": null, "summary": "Grant funding for two projects.", "sources_text": "https://www.uktech.news/medtech/amply-ai-drug-grant-20240212 — \"has raised £1.4m in grant funding\" (accessed 2026-10-29)", "source_urls": [ "https://www.uktech.news/medtech/amply-ai-drug-grant-20240212", "https://tech.eu/2024/02/12/belfast-based-amply-secures-ps14m-for-ai-powered-drug-discovery-platform/" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "date_text": "2024-02-12", "date_sort": "2024-02-12", "before_ledger_start": false, "amount_gbp": 1400000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£1.4m", "gbp_txt": "£1.4m", "show": true }, { "id": "DEAL-SU-CRE-016", "date": "2024-02-06", "year": "2024", "kind": "funding_round", "company_text": "BIZ-SU-CRE-011 Colossyan", "company_id": "BIZ-SU-CRE-011", "counterparty": "Lakestar", "amount": 22000000, "amount_text": "22000000", "currency": "USD", "valuation_reported": null, "summary": "Round with Launchub, Day One Capital and Emerge Education", "sources_text": "https://tech.eu/2024/02/06/colossyans-ai-text-to-video-platform-attracts-22m-in-latest-funding-round/ — \"$22 million\"", "source_urls": [ "https://tech.eu/2024/02/06/colossyans-ai-text-to-video-platform-attracts-22m-in-latest-funding-round/" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "date_text": "2024-02-06", "date_sort": "2024-02-06", "before_ledger_start": false, "amount_gbp": 17492248, "fx_rate": 1.2577, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2577 per £ on 2024-02-06", "fx_date": "2024-02-06", "fx_note": "", "txt": "US$22m", "gbp_txt": "£17.5m", "show": true }, { "id": "DEAL-SAFE-2002", "date": "2024-02-06", "year": "2024", "kind": "grant", "company_text": "The Alan Turing Institute", "company_id": "BIZ-SAFE-2060", "counterparty": "DSIT Fairness Innovation Challenge", "amount": null, "amount_text": "up to 130,000", "currency": "GBP", "valuation_reported": null, "summary": "Finance-sector award to build a fairness self-assessment toolkit for small firms and developers (the FAID tool).", "sources_text": "https://www.gov.uk/government/news/ai-fairness-innovation-challenge-winners-announced — \"will create a fairness toolkit for SMEs and developers to self-assess and monitor fairness\"", "source_urls": [ "https://www.gov.uk/government/news/ai-fairness-innovation-challenge-winners-announced" ], "confidence": "single_source", "ledger": "page", "page": "safety", "render": true, "date_text": "2024-02-06", "date_sort": "2024-02-06", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "up to 130,000", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "up to 130,000 GBP", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-044", "date": "2024-01-22", "year": "2024", "kind": "funding_round", "company_text": "ElevenLabs (BIZ-LAB-005)", "company_id": "BIZ-LAB-005", "counterparty": "Andreessen Horowitz, Nat Friedman and Daniel Gross", "amount": 80000000, "amount_text": "80000000", "currency": "USD", "valuation_reported": null, "summary": "Series B; valuation not stated (company says \"unicorn status\")", "sources_text": "https://elevenlabs.io/blog/series-b — \"$80m Series B round\" … \"co-led by Andreessen Horowitz, Nat Friedman, Daniel Gross\"", "source_urls": [ "https://elevenlabs.io/blog/series-b" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-01-22", "date_sort": "2024-01-22", "before_ledger_start": false, "amount_gbp": 62888138, "fx_rate": 1.2721, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2721 per £ on 2024-01-22", "fx_date": "2024-01-22", "fx_note": "", "txt": "US$80m", "gbp_txt": "£62.9m", "show": true }, { "id": "DEAL-LB-114", "date": "2024-01-19", "year": "2024", "kind": "funding_round", "company_text": "Recraft (new)", "company_id": "BIZ-SU-CRE-801", "counterparty": "Khosla Ventures; Nat Friedman", "amount": 12000000, "amount_text": "12000000", "currency": "USD", "valuation_reported": null, "summary": "London AI graphic-design generator raised a $12m Series A.", "sources_text": "https://www.uktech.news/ai/recraft-ai-graphic-design-20240119 (trade) — \"London-based graphic design generator Recraft has raised $12m (£10m) to fund an R&D drive\"", "source_urls": [ "https://www.uktech.news/ai/recraft-ai-graphic-design-20240119" ], "confidence": "single_source", "ledger": "ledger2", "page": "startups", "render": true, "date_text": "2024-01-19", "date_sort": "2024-01-19", "before_ledger_start": false, "amount_gbp": 9463722, "fx_rate": 1.268, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.268 per £ on 2024-01-19", "fx_date": "2024-01-19", "fx_note": "", "txt": "US$12m", "gbp_txt": "£9.5m", "show": true }, { "id": "DEAL-LB-113", "date": "2024-01-16", "year": "2024", "kind": "funding_round", "company_text": "CellVoyant (new)", "company_id": "BIZ-SU-HLT-704", "counterparty": "Octopus Ventures", "amount": 7600000, "amount_text": "7600000", "currency": "GBP", "valuation_reported": null, "summary": "Bristol biotech using AI to predict stem-cell behaviour raised £7.6m seed.", "sources_text": "https://www.uktech.news/tech-hubs/south-west/bristol/bristol-biotech-cellvoyant-funding-20240116 (trade) — \"CellVoyant has secured £7.6m in funding\" … \"The seed funding round was led by Octopus Ventures.\"", "source_urls": [ "https://www.uktech.news/tech-hubs/south-west/bristol/bristol-biotech-cellvoyant-funding-20240116" ], "confidence": "single_source", "ledger": "ledger2", "page": "startups", "render": true, "date_text": "2024-01-16", "date_sort": "2024-01-16", "before_ledger_start": false, "amount_gbp": 7600000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£7.6m", "gbp_txt": "£7.6m", "show": true }, { "id": "DEAL-LAB-8007", "date": "2024-01-07", "year": "2024", "kind": "partnership", "company_text": "Isomorphic Labs", "company_id": "BIZ-LAB-002", "counterparty": "Eli Lilly", "amount": null, "amount_text": "45,000,000 (upfront)", "currency": "USD", "valuation_reported": null, "summary": "Lilly pays $45m upfront; Lilly and Novartis deals together potentially worth nearly $3bn For: Multi-target small-molecule research collaboration.", "sources_text": "https://www.isomorphiclabs.com/articles/isomorphic-labs-kicks-off-2024-with-two-pharmaceutical-collaborations — \"Isomorphic Labs to Receive $45 Million in Upfront Payment For Multi-Target Research Collaborations with Lilly\"", "source_urls": [ "https://www.isomorphiclabs.com/articles/isomorphic-labs-kicks-off-2024-with-two-pharmaceutical-collaborations" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-01-07", "date_sort": "2024-01-07", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "45,000,000 (upfront)", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "45,000,000 (upfront) USD", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-8008", "date": "2024-01-07", "year": "2024", "kind": "partnership", "company_text": "Isomorphic Labs", "company_id": "BIZ-LAB-002", "counterparty": "Novartis", "amount": null, "amount_text": "37,500,000 (upfront)", "currency": "USD", "valuation_reported": null, "summary": "Novartis pays $37.5m upfront For: Research collaboration.", "sources_text": "https://www.isomorphiclabs.com/articles/isomorphic-labs-kicks-off-2024-with-two-pharmaceutical-collaborations — \"Isomorphic Labs to Receive $37.5 Million Upfront Payment From Novartis\"", "source_urls": [ "https://www.isomorphiclabs.com/articles/isomorphic-labs-kicks-off-2024-with-two-pharmaceutical-collaborations" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-01-07", "date_sort": "2024-01-07", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "37,500,000 (upfront)", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "37,500,000 (upfront) USD", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-4016", "date": "2024-01", "year": "2024", "kind": "partnership", "company_text": "Isomorphic Labs", "company_id": "BIZ-LAB-002", "counterparty": "Novartis", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Isomorphic's first Novartis collaboration (month only on company page). For: Small-molecule discovery against three targets.", "sources_text": "https://www.isomorphiclabs.com/partnerships — \"an established leader in the creation of innovative medicines\"", "source_urls": [ "https://www.isomorphiclabs.com/partnerships" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2024-01", "date_sort": "2024-01-00", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-017", "date": "2023-11-27", "year": "2023", "kind": "funding_round", "company_text": "PhysicsX (BIZ-LAB-008)", "company_id": "BIZ-LAB-008", "counterparty": "General Catalyst", "amount": 32000000, "amount_text": "32000000", "currency": "USD", "valuation_reported": null, "summary": "Series A", "sources_text": "https://www.physicsx.ai/newsroom/physicsx-raises-32m-to-give-engineers-ai-superpowers-to-accelerate-design-of-advanced-technologies — \"$32M\" \"Series A round\"", "source_urls": [ "https://www.physicsx.ai/newsroom/physicsx-raises-32m-to-give-engineers-ai-superpowers-to-accelerate-design-of-advanced-technologies" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2023-11-27", "date_sort": "2023-11-27", "before_ledger_start": false, "amount_gbp": 25382724, "fx_rate": 1.2607, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2607 per £ on 2023-11-27", "fx_date": "2023-11-27", "fx_note": "", "txt": "US$32m", "gbp_txt": "£25.4m", "show": true }, { "id": "DEAL-SU-CRE-010", "date": "2023-11-02", "year": "2023", "kind": "acquisition", "company_text": "BIZ-SU-CRE-007 iSIZE", "company_id": "BIZ-SU-CRE-007", "counterparty": "Sony Interactive Entertainment", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "SIE agreed to acquire iSIZE; terms not disclosed", "sources_text": "https://sonyinteractive.com/en/sony-interactive-entertainment-to-acquire-isize-a-uk-based-company-specializing-in-deep-learning-for-video-delivery/ — \"acquisition cost, are not disclosed due to contractual commitments\"", "source_urls": [ "https://sonyinteractive.com/en/sony-interactive-entertainment-to-acquire-isize-a-uk-based-company-specializing-in-deep-learning-for-video-delivery/" ], "confidence": "verified", "ledger": "page", "page": "startups", "render": true, "date_text": "2023-11-02", "date_sort": "2023-11-02", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-16014", "date": "2023-10-16", "year": "2023", "kind": "partnership", "company_text": "Antiverse", "company_id": "BIZ-SU-HLT-013", "counterparty": "GlobalBio, Inc.", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Antiverse and GlobalBio extended their antibody cancer collaboration. For: antibody cancer therapeutics (extension).", "sources_text": "https://www.antiverse.io/news — \"Antiverse and GlobalBio, Inc. extend collaboration to advance antibody cancer therapeutics\"", "source_urls": [ "https://www.antiverse.io/news" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2023-10-16", "date_sort": "2023-10-16", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-13003", "date": "2023-10-05", "year": "2023", "kind": "grant", "company_text": "Wellcome Sanger Institute AI genomics", "company_id": "BIZ-LAB-13007", "counterparty": "Wellcome", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Wellcome gives supplemental funding for Sanger's sixth research programme. For: Launch of the Generative and Synthetic Genomics programme (machine learning plus large-scale genomic data).", "sources_text": "https://www.sanger.ac.uk/news_item/predicting-and-engineering-biology-in-new-research-programme/ — \"is supported by supplemental funding from Wellcome.\"", "source_urls": [ "https://www.sanger.ac.uk/news_item/predicting-and-engineering-biology-in-new-research-programme/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2023-10-05", "date_sort": "2023-10-05", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LB-101", "date": "2023-09-26", "year": "2023", "kind": "funding_round", "company_text": "Machine Discovery (new)", "company_id": "BIZ-SW-604", "counterparty": "BGF; East Innovate", "amount": 4500000, "amount_text": "4500000", "currency": "GBP", "valuation_reported": null, "summary": "Oxfordshire firm using machine learning to simulate designs raised £4.5m.", "sources_text": "https://www.uktech.news/ai/machine-discovery-simulations-funding-20230926 (trade) — \"has secured £4.5m in funding\" … \"led by investors BGF and East Innovate\"", "source_urls": [ "https://www.uktech.news/ai/machine-discovery-simulations-funding-20230926" ], "confidence": "single_source", "ledger": "ledger2", "page": "software", "render": true, "date_text": "2023-09-26", "date_sort": "2023-09-26", "before_ledger_start": false, "matched_by": "alias", "amount_gbp": 4500000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£4.5m", "gbp_txt": "£4.5m", "show": true }, { "id": "DEAL-SU-HLT-051", "date": "2023-09-13", "year": "2023", "kind": "funding_round", "company_text": "Kuano (BIZ-SU-HLT-055)", "company_id": "BIZ-SU-HLT-055", "counterparty": "Mercia Ventures", "amount": 1800000, "amount_text": "1800000", "currency": "GBP", "valuation_reported": null, "summary": "Seed round.", "sources_text": "https://www.uktech.news/medtech/kuano-seed-20230913 — \"Mercia Ventures has led a £1.8m seed financing round.\" (accessed 2026-10-29)", "source_urls": [ "https://www.uktech.news/medtech/kuano-seed-20230913", "https://tech.eu/2023/09/12/kuano-raises1-8m-for-drug-discovery/" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "date_text": "2023-09-13", "date_sort": "2023-09-13", "before_ledger_start": false, "amount_gbp": 1800000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£1.8m", "gbp_txt": "£1.8m", "show": true }, { "id": "DEAL-SU-OTH-2001", "date": "2023-09-05", "year": "2023", "kind": "grant", "company_text": "Wayve Technologies", "company_id": "BIZ-LAB-003", "counterparty": "Centre for Connected and Autonomous Vehicles (CAM supply chain)", "amount": 1900000, "amount_text": "1,900,000", "currency": "GBP", "valuation_reported": null, "summary": "DriveSafeAI: safety-assurance framework for AI in self-driving, with the University of Warwick.", "sources_text": "https://www.gov.uk/government/news/make-it-british-supporting-sovereign-uk-supply-chain-for-connected-and-automated-mobility — \"safety assurance framework for the safe deployment of AI in self-driving technology\"", "source_urls": [ "https://www.gov.uk/government/news/make-it-british-supporting-sovereign-uk-supply-chain-for-connected-and-automated-mobility" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "date_text": "2023-09-05", "date_sort": "2023-09-05", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": 1900000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£1.9m", "gbp_txt": "£1.9m", "show": true }, { "id": "DEAL-SU-ENR-2003", "date": "2023-08-15", "year": "2023", "kind": "grant", "company_text": "Open Climate Fix", "company_id": "BIZ-SU-ENR-006", "counterparty": "DESNZ AI for Decarbonisation Stream 2", "amount": 121500, "amount_text": "121,500", "currency": "GBP", "valuation_reported": null, "summary": "Solar PV forecasting with real-time PV and satellite data.", "sources_text": "https://www.gov.uk/government/publications/artificial-intelligence-for-decarbonisation-innovation-programme-successful-projects/ai-for-decarbonisation-innovation-programme-stream-2-successful-projects — \"The project will use artificial intelligence\"", "source_urls": [ "https://www.gov.uk/government/publications/artificial-intelligence-for-decarbonisation-innovation-programme-successful-projects/ai-for-decarbonisation-innovation-programme-stream-2-successful-projects" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "date_text": "2023-08-15 to 2024-03-19 (page first published / updated)", "date_sort": "2023-08-15", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": 121500, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£121,500", "gbp_txt": "£121,500", "show": true }, { "id": "DEAL-UG-007", "date": "2023-08-02", "year": "2023", "kind": "funding_round", "company_text": "Chemify (new)", "company_id": "BIZ-SU-IND-504", "counterparty": "Triatomic Capital", "amount": 36000000, "amount_text": "36000000", "currency": "GBP", "valuation_reported": null, "summary": "Funding including a Series A; Horizon Ventures joined. UKTN reports £33.6m.", "sources_text": "https://www.gla.ac.uk/news/archiveofnews/2023/august/headline_990451_en.html — \"funding of £36 million including a Series A led by Triatomic Capital.\" ; https://www.uktech.news/medtech/chemify-raises-33-6m-20230802 — \"has raised £33.6m\"", "source_urls": [ "https://www.gla.ac.uk/news/archiveofnews/2023/august/headline_990451_en.html", "https://www.uktech.news/medtech/chemify-raises-33-6m-20230802" ], "confidence": "single_source", "ledger": "ledger2", "page": "startups", "render": true, "date_text": "2023-08-02", "date_sort": "2023-08-02", "before_ledger_start": false, "amount_gbp": 36000000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£36m", "gbp_txt": "£36m", "show": true }, { "id": "DEAL-PE-023", "date": "2023-07-31", "year": "2023", "kind": "acquisition", "company_text": "InstaDeep (new)", "company_id": "BIZ-SU-OTH-804", "counterparty": "BioNTech", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "BioNTech completed purchase of the London-headquartered AI company (announced 11 Jan 2023 at £562m; completion release gives about €500m for shares it did not already own).", "sources_text": "https://www.biontech.com/us/en/home/mediaroom/news/press-releases/2023/07/biontech-completes-acquisition-instadeep.html — \"a leader in decision-making AI systems with headquarters in London\"; https://itpro.com/business-strategy/mergers-and-acquisitions/369839/biontech-560m-acquisition-instadeep-turbocharge-drugs-research — \"worth £562 million\"", "source_urls": [ "https://www.biontech.com/us/en/home/mediaroom/news/press-releases/2023/07/biontech-completes-acquisition-instadeep.html", "https://itpro.com/business-strategy/mergers-and-acquisitions/369839/biontech-560m-acquisition-instadeep-turbocharge-drugs-research" ], "confidence": "verified", "ledger": "ledger2", "page": "startups", "render": true, "date_text": "2023-07-31", "date_sort": "2023-07-31", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LB-090", "date": "2023-07-26", "year": "2023", "kind": "funding_round", "company_text": "Materials Nexus (new)", "company_id": "BIZ-SU-IND-705", "counterparty": "Ada Ventures", "amount": 2000000, "amount_text": "2000000", "currency": "GBP", "valuation_reported": null, "summary": "Cambridge AI and quantum-mechanics materials spinout raised £2m.", "sources_text": "https://www.uktech.news/ai/materials-nexus-2m-funding-20230726 (trade) — \"Venture capital firm Ada Ventures has led a £2m round into Cambridge-based AI and quantum mechanics spinout Materials Nexus.\"", "source_urls": [ "https://www.uktech.news/ai/materials-nexus-2m-funding-20230726" ], "confidence": "single_source", "ledger": "ledger2", "page": "startups", "render": true, "date_text": "2023-07-26", "date_sort": "2023-07-26", "before_ledger_start": false, "amount_gbp": 2000000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£2m", "gbp_txt": "£2m", "show": true }, { "id": "DEAL-LAB-043", "date": "2023-06-20", "year": "2023", "kind": "funding_round", "company_text": "ElevenLabs (BIZ-LAB-005)", "company_id": "BIZ-LAB-005", "counterparty": "Nat Friedman, Daniel Gross and Andreessen Horowitz", "amount": 19000000, "amount_text": "19000000", "currency": "USD", "valuation_reported": null, "summary": "Series A", "sources_text": "https://elevenlabs.io/blog/elevenlabs-launches-new-generative-voice-ai-products-and-announces-19m-series-a-round-led-by-nat-friedman-daniel-gross-and-andreessen-horowitz — \"ElevenLabs Announces $19m Series A Round\" (title)", "source_urls": [ "https://elevenlabs.io/blog/elevenlabs-launches-new-generative-voice-ai-products-and-announces-19m-series-a-round-led-by-nat-friedman-daniel-gross-and-andreessen-horowitz" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2023-06-20", "date_sort": "2023-06-20", "before_ledger_start": false, "amount_gbp": 14919513, "fx_rate": 1.2735, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2735 per £ on 2023-06-20", "fx_date": "2023-06-20", "fx_note": "", "txt": "US$19m", "gbp_txt": "£14.9m", "show": true }, { "id": "DEAL-LAB-040", "date": "2023-06-13", "year": "2023", "kind": "funding_round", "company_text": "Synthesia (BIZ-LAB-004)", "company_id": "BIZ-LAB-004", "counterparty": "Accel", "amount": 90000000, "amount_text": "90000000", "currency": "USD", "valuation_reported": "1000000000 USD", "summary": "Series C; NVentures, Kleiner Perkins, GV and FirstMark took part", "sources_text": "https://www.synthesia.io/post/series-c — \"Accel to lead the $90m Series C\"; https://www.uktech.news/ai/synthesia-series-c-unicorn-20230613 — \"has raised $90m (£71.4m)\" … \"a $1bn unicorn valuation\"", "source_urls": [ "https://www.synthesia.io/post/series-c", "https://www.uktech.news/ai/synthesia-series-c-unicorn-20230613" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2023-06-13", "date_sort": "2023-06-13", "before_ledger_start": false, "amount_gbp": 71405903, "fx_rate": 1.2604, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2604 per £ on 2023-06-13", "fx_date": "2023-06-13", "fx_note": "", "txt": "US$90m", "gbp_txt": "£71.4m", "show": true }, { "id": "DEAL-SU-IND-002", "date": "2023-05-24", "year": "2023", "kind": "rename", "company_text": "Oxa (BIZ-SU-IND-001)", "company_id": "BIZ-SU-IND-001", "counterparty": null, "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Oxbotica Limited renamed Oxa Autonomy Ltd", "sources_text": "https://find-and-update.company-information.service.gov.uk/company/09242359 — \"OXBOTICA LIMITED\" \"(01 Oct 2014 - 24 May 2023)\"", "source_urls": [ "https://find-and-update.company-information.service.gov.uk/company/09242359" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "date_text": "2023-05-24", "date_sort": "2023-05-24", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-12003", "date": "2023-05-22", "year": "2023", "kind": "funding_round", "company_text": "PharmEnable", "company_id": "BIZ-LAB-12005", "counterparty": "MP Healthcare Venture Management (Mitsubishi Tanabe Pharma)", "amount": null, "amount_text": "7,500,000 (£6m)", "currency": "USD", "valuation_reported": null, "summary": "PharmEnable raises $7.5m pre-Series A led by Mitsubishi Tanabe's venture arm For: Pre-Series A for its AI small-molecule pipeline. Other investors: Heyford Trust; o2h Ventures; Martlet Capital; Arrowfield Capital; Wren Capital; Jonathan Milner; Cambridge Enterprise; University of Cambridge Enterprise Fund VIII (Parkwalk Advisors).", "sources_text": "https://www.uktech.news/medtech/pharmenable-pre-series-a-20230522 (trade) — \"led by Mitsubishi Tanabe Pharma Group's venture capital division, MP Healthcare\"; https://www.enterprise.cam.ac.uk/case-studies/pharmenable-creating-revolutionary-new-medicines-with-an-ai-enabled-platform/ — \"$7.5 million Pre-Series A financing round\"", "source_urls": [ "https://www.uktech.news/medtech/pharmenable-pre-series-a-20230522", "https://www.enterprise.cam.ac.uk/case-studies/pharmenable-creating-revolutionary-new-medicines-with-an-ai-enabled-platform/" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2023-05-22", "date_sort": "2023-05-22", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_as_written": "7,500,000 (£6m)", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "7,500,000 (£6m) USD", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-001", "date": "2023-04-20", "year": "2023", "kind": "merger", "company_text": "Google DeepMind (BIZ-LAB-001)", "company_id": "BIZ-LAB-001", "counterparty": "Google Research Brain team (Alphabet)", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "DeepMind and Google Brain combined as Google DeepMind, led by Demis Hassabis", "sources_text": "https://deepmind.google/blog/announcing-google-deepmind/ — \"will be joining forces as a single, focused unit called Google DeepMind\"", "source_urls": [ "https://deepmind.google/blog/announcing-google-deepmind/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2023-04-20", "date_sort": "2023-04-20", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-SU-CRE-015", "date": "2023-02-28", "year": "2023", "kind": "funding_round", "company_text": "BIZ-SU-CRE-011 Colossyan", "company_id": "BIZ-SU-CRE-011", "counterparty": "LAUNCHub Ventures and Emerge Education", "amount": 5000000, "amount_text": "5000000", "currency": "USD", "valuation_reported": null, "summary": "Round reported as Series A at the time", "sources_text": "https://www.uktech.news/ai/colossyan-funding-20230228 — \"$5m (£4.1m)\"", "source_urls": [ "https://www.uktech.news/ai/colossyan-funding-20230228" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "date_text": "2023-02-28", "date_sort": "2023-02-28", "before_ledger_start": false, "amount_gbp": 4129842, "fx_rate": 1.2107, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2107 per £ on 2023-02-28", "fx_date": "2023-02-28", "fx_note": "", "txt": "US$5m", "gbp_txt": "£4.1m", "show": true }, { "id": "DEAL-LAB-042", "date": "2023-01-23", "year": "2023", "kind": "funding_round", "company_text": "ElevenLabs (BIZ-LAB-005)", "company_id": "BIZ-LAB-005", "counterparty": "Credo Ventures", "amount": 2000000, "amount_text": "2000000", "currency": "USD", "valuation_reported": null, "summary": "Pre-seed; Concept Ventures and individuals took part", "sources_text": "https://elevenlabs.io/blog/elevenlabs-raises-2m-pre-seed-and-announces-ai-speech-platform-promising-to-revolutionize-audio-storytelling — \"a pre-seed funding round led by Credo Ventures.\"", "source_urls": [ "https://elevenlabs.io/blog/elevenlabs-raises-2m-pre-seed-and-announces-ai-speech-platform-promising-to-revolutionize-audio-storytelling" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2023-01-23", "date_sort": "2023-01-23", "before_ledger_start": false, "amount_gbp": 1617076, "fx_rate": 1.2368, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2368 per £ on 2023-01-23", "fx_date": "2023-01-23", "fx_note": "", "txt": "US$2m", "gbp_txt": "£1.6m", "show": true }, { "id": "DEAL-LB-051", "date": "2023-01-11", "year": "2023", "kind": "acquisition", "company_text": "InstaDeep (new)", "company_id": "BIZ-SU-OTH-804", "counterparty": "BioNTech", "amount": 562000000, "amount_text": "562000000", "currency": "GBP", "valuation_reported": null, "summary": "BioNTech agreed to buy London AI company InstaDeep (UKTN: £562m incl. up to £200m milestones; BioNTech: about €500m for the remaining shares); completed 31 July 2023.", "sources_text": "https://www.uktech.news/ai/instadeep-bought-biontech-20230111 (trade) — \"has entered into an agreement to be acquired by the German tech firm BioNTech in a £562m deal.\" ; https://instadeep.com/2023/07/biontech-completes-acquisition-of-instadeep/ (primary) — \"MAINZ, Germany, July 31, 2023\" … \"announced today the completion of the acquisition of InstaDeep Ltd.\"", "source_urls": [ "https://www.uktech.news/ai/instadeep-bought-biontech-20230111", "https://instadeep.com/2023/07/biontech-completes-acquisition-of-instadeep/" ], "confidence": "verified", "ledger": "ledger2", "page": "startups", "render": true, "date_text": "2023-01-11", "date_sort": "2023-01-11", "before_ledger_start": false, "amount_gbp": 562000000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£562m", "gbp_txt": "£562m", "show": true }, { "id": "DEAL-LB-050", "date": "2023-01-10", "year": "2023", "kind": "funding_round", "company_text": "Oxa (formerly Oxbotica) (BIZ-SU-IND-001)", "company_id": "BIZ-SU-IND-001", "counterparty": "Aioi Nissay Dowa Insurance; ENEOS Innovation Partners (no lead named)", "amount": 140000000, "amount_text": "140000000", "currency": "USD", "valuation_reported": null, "summary": "Oxford autonomous-vehicle software firm secured a $140m Series C.", "sources_text": "https://www.uktech.news/ai/oxbotica-autonomous-vehicle-series-c-20230111 (trade) — \"Oxbotica has secured new funding for its Series C with a $140m (£115m) investment\" ; https://techcrunch.com/2023/01/10/oxbotica-raises-140m-more-as-its-b2b-autonomous-vehicle-platform-gains-ground — \"has closed a Series C round of $140 million\"", "source_urls": [ "https://www.uktech.news/ai/oxbotica-autonomous-vehicle-series-c-20230111", "https://techcrunch.com/2023/01/10/oxbotica-raises-140m-more-as-its-b2b-autonomous-vehicle-platform-gains-ground" ], "confidence": "single_source", "ledger": "ledger2", "page": "startups", "render": true, "date_text": "2023-01-10", "date_sort": "2023-01-10", "before_ledger_start": false, "amount_gbp": 115245308, "fx_rate": 1.2148, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2148 per £ on 2023-01-10", "fx_date": "2023-01-10", "fx_note": "", "txt": "US$140m", "gbp_txt": "£115.2m", "show": true }, { "id": "DEAL-LAB-16022", "date": "2023-01-09", "year": "2023", "kind": "grant", "company_text": "Kuano", "company_id": "BIZ-SU-HLT-055", "counterparty": "Innovate UK", "amount": null, "amount_text": "540,000 (project value)", "currency": "GBP", "valuation_reported": null, "summary": "Innovate UK funded a £540k Kuano cancer-drug project. For: design of a new generation of cancer drugs (NOTUM, colorectal cancer).", "sources_text": "https://www.kuano.ai/news/older/ — \"grant funding from Innovate UK for a £540,000 project\"", "source_urls": [ "https://www.kuano.ai/news/older/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2023-01-09", "date_sort": "2023-01-09", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_as_written": "540,000 (project value)", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "540,000 (project value) GBP reported", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-SW-7019", "date": "2023", "year": "2023", "kind": "funding_round", "company_text": "BIZ-SW-401 Malted AI", "company_id": "BIZ-SW-401", "counterparty": "Creator Fund (lead)", "amount": 1000000, "amount_text": "1,000,000", "currency": "GBP", "valuation_reported": null, "summary": "Malted AI's £1m pre-seed led by the Creator Fund. Buys or funds: small language model distillation.", "sources_text": "https://www.uktech.news/ai/malted-ai-funding-20240515 (trade) — \"The seed investment was led by Hoxton Ventures.\" (pre-seed described in same article)", "source_urls": [ "https://www.uktech.news/ai/malted-ai-funding-20240515" ], "confidence": "single_source", "ledger": "page", "page": "software", "render": true, "date_text": "2023", "date_sort": "2023-00-00", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": 1000000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£1m", "gbp_txt": "£1m", "show": true, "round6": true }, { "id": "DEAL-LAB-6005", "date": "2023", "year": "2023", "kind": "partnership", "company_text": "Met Office AI research", "company_id": "BIZ-LAB-6007", "counterparty": "The Alan Turing Institute", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "The Met Office and the Alan Turing Institute start a partnership to build AI weather forecasting. For: AI for Numerical Weather Prediction (AI4NWP) partnership; co-development of FastNet (BIZ-LAB-6008).", "sources_text": "https://www.metoffice.gov.uk/research/approach/collaboration/artificial-intelligence-for-numerical-weather-prediction — \"In 2023 the Met Office and The Alan Turing Institute launched\"", "source_urls": [ "https://www.metoffice.gov.uk/research/approach/collaboration/artificial-intelligence-for-numerical-weather-prediction" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2023 (month not stated)", "date_sort": "2023-00-00", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-12006", "date": "2023", "year": "2023", "kind": "funding_round", "company_text": "Concr", "company_id": "BIZ-LAB-12009", "counterparty": "Cambridge Enterprise Ventures and R42 Group (co-leads)", "amount": 1940000, "amount_text": "1,940,000", "currency": "GBP", "valuation_reported": null, "summary": "Concr closes £1.94m seed co-led by Cambridge Enterprise Ventures and R42 For: Seed; Irina Babina promoted to CEO afterwards. Other investors: Oncology Ventures; SyndicateRoom; Debiopharm; Jo Pisani (Cambridge Angels).", "sources_text": "https://www.enterprise.cam.ac.uk/?p=33665 — \"the first Bayesian AI model for individualised treatment response prediction\"", "source_urls": [ "https://www.enterprise.cam.ac.uk/?p=33665" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2023", "date_sort": "2023-00-00", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": 1940000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£1.9m reported", "gbp_txt": "£1.9m", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-16010", "date": "2022-12-16", "year": "2022", "kind": "grant", "company_text": "Alchemab Therapeutics (with Medicines Discovery Catapult)", "company_id": "BIZ-LAB-4003", "counterparty": "Innovate UK Biomedical Catalyst", "amount": 1700000, "amount_text": "1,700,000", "currency": "GBP", "valuation_reported": null, "summary": "Innovate UK granted £1.7m to Alchemab and Medicines Discovery Catapult. For: disease-modifying therapy for Huntington's disease.", "sources_text": "https://www.alchemab.com/news/ — \"awarded a grant of £1.7 million (US$2 million) from Innovate UK's Biomedical Catalyst\"", "source_urls": [ "https://www.alchemab.com/news/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2022-12-16", "date_sort": "2022-12-16", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": 1700000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£1.7m reported", "gbp_txt": "£1.7m", "show": true, "labs_r8": true }, { "id": "DEAL-LB-048", "date": "2022-12-14", "year": "2022", "kind": "funding_round", "company_text": "Basecamp Research (BIZ-LAB-010)", "company_id": "BIZ-LAB-010", "counterparty": "Systemiq Ventures", "amount": 20000000, "amount_text": "20000000", "currency": "USD", "valuation_reported": null, "summary": "London protein-design AI company raised a $20m Series A.", "sources_text": "https://www.uktech.news/deep-tech/basecamp-research-series-a-20221214 (trade) — \"Basecamp Research has raised $20m (£16.14m) in Series A funding\" … \"Its Series A was led by Systemiq Ventures\"", "source_urls": [ "https://www.uktech.news/deep-tech/basecamp-research-series-a-20221214" ], "confidence": "single_source", "ledger": "ledger2", "page": "labs", "render": true, "date_text": "2022-12-14", "date_sort": "2022-12-14", "before_ledger_start": false, "amount_gbp": 16123831, "fx_rate": 1.2404, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2404 per £ on 2022-12-14", "fx_date": "2022-12-14", "fx_note": "", "txt": "US$20m", "gbp_txt": "£16.1m", "show": true }, { "id": "DEAL-LB-039", "date": "2022-10-20", "year": "2022", "kind": "funding_round", "company_text": "Nucleome Therapeutics (new)", "company_id": "BIZ-SU-HLT-702", "counterparty": "M Ventures", "amount": 37500000, "amount_text": "37500000", "currency": "GBP", "valuation_reported": null, "summary": "Oxford spinout using machine learning to predict disease-linked variants raised a £37.5m Series A.", "sources_text": "https://www.uktech.news/ai/nucleome-therapeutics-series-a-20221020 (trade) — \"has raised £37.5m in an oversubscribed Series A round.\" … \"Led by M Ventures.\"", "source_urls": [ "https://www.uktech.news/ai/nucleome-therapeutics-series-a-20221020" ], "confidence": "single_source", "ledger": "ledger2", "page": "startups", "render": true, "date_text": "2022-10-20", "date_sort": "2022-10-20", "before_ledger_start": false, "amount_gbp": 37500000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£37.5m", "gbp_txt": "£37.5m", "show": true }, { "id": "DEAL-LAB-049", "date": "2022-10-17", "year": "2022", "kind": "funding_round", "company_text": "Stability AI (BIZ-LAB-006)", "company_id": "BIZ-LAB-006", "counterparty": "Coatue, Lightspeed Venture Partners and O'Shaughnessy Ventures", "amount": 101000000, "amount_text": "101000000", "currency": "USD", "valuation_reported": null, "summary": "Oversubscribed round; valuation not stated by the company", "sources_text": "https://stability.ai/news-updates/stability-ai-announces-101-million-in-funding-for-open-source-artificial-intelligence — \"USD $101 million in funding\" … \"Coatue, Lightspeed Venture Partners, and O'Shaughnessy Ventures LLC\"", "source_urls": [ "https://stability.ai/news-updates/stability-ai-announces-101-million-in-funding-for-open-source-artificial-intelligence" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2022-10-17", "date_sort": "2022-10-17", "before_ledger_start": false, "amount_gbp": 88333042, "fx_rate": 1.1434, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.1434 per £ on 2022-10-17", "fx_date": "2022-10-17", "fx_note": "", "txt": "US$101m", "gbp_txt": "£88.3m", "show": true }, { "id": "DEAL-LB-036", "date": "2022-09-21", "year": "2022", "kind": "funding_round", "company_text": "AMPLY Discovery (BIZ-SU-HLT-048)", "company_id": "BIZ-SU-HLT-048", "counterparty": "Co Fund NI; QUBIS Innovation Fund; Helix Way Partnership; HBAN angels (no lead named)", "amount": 900000, "amount_text": "900000", "currency": "GBP", "valuation_reported": null, "summary": "Belfast AI drug-discovery start-up raised £900,000 in equity and grant.", "sources_text": "https://www.uktech.news/medtech/amply-raises-900k-20220921 (trade) — \"Belfast-based startup AMPLY has raised £900,000 in a joint equity and grant funding round\"", "source_urls": [ "https://www.uktech.news/medtech/amply-raises-900k-20220921" ], "confidence": "single_source", "ledger": "ledger2", "page": "startups", "render": true, "date_text": "2022-09-21", "date_sort": "2022-09-21", "before_ledger_start": false, "amount_gbp": 900000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£900,000", "gbp_txt": "£900,000", "show": true }, { "id": "DEAL-LAB-030", "date": "2022-09-15", "year": "2022", "kind": "funding_round", "company_text": "Unlikely AI (BIZ-LAB-019)", "company_id": "BIZ-LAB-019", "counterparty": "Amadeus Capital and Octopus Ventures", "amount": 20000000, "amount_text": "20000000", "currency": "USD", "valuation_reported": null, "summary": "Seed (£17.4m)", "sources_text": "https://www.uktech.news/ai/unlikely-ai-funding-20220915 — \"$20m (£17.4m)\"", "source_urls": [ "https://www.uktech.news/ai/unlikely-ai-funding-20220915" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2022-09-15", "date_sort": "2022-09-15", "before_ledger_start": false, "amount_gbp": 17406440, "fx_rate": 1.149, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.149 per £ on 2022-09-15", "fx_date": "2022-09-15", "fx_note": "", "txt": "US$20m", "gbp_txt": "£17.4m", "show": true }, { "id": "DEAL-LAB-048", "date": "2022-09-07", "year": "2022", "kind": "funding_round", "company_text": "PolyAI (BIZ-LAB-007)", "company_id": "BIZ-LAB-007", "counterparty": "Georgian", "amount": 40000000, "amount_text": "40000000", "currency": "USD", "valuation_reported": null, "summary": "Series B with Twilio Ventures; total funding US$70m", "sources_text": "https://poly.ai/blog/polyai-raises-40m-series-b-to-help-put-superhuman-voice-assistants-behind-every-customer-service-line — \"PolyAI raises $40m Series B\" (title)", "source_urls": [ "https://poly.ai/blog/polyai-raises-40m-series-b-to-help-put-superhuman-voice-assistants-behind-every-customer-service-line" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2022-09-07", "date_sort": "2022-09-07", "before_ledger_start": false, "amount_gbp": 34882707, "fx_rate": 1.1467, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.1467 per £ on 2022-09-07", "fx_date": "2022-09-07", "fx_note": "", "txt": "US$40m", "gbp_txt": "£34.9m", "show": true }, { "id": "DEAL-LAB-13004", "date": "2022-07-14", "year": "2022", "kind": "partnership", "company_text": "AI Research Centre for Defence (ARC-D)", "company_id": "BIZ-LAB-13002", "counterparty": "Dstl; The Alan Turing Institute (BIZ-SAFE-2060)", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Dstl and the Alan Turing Institute launch ARC-D. For: Joint defence AI research centre in London, funded through the MOD Chief Scientific Adviser.", "sources_text": "https://www.gov.uk/government/news/launching-the-defence-centre-for-ai-research — \"Initially named the Defence Centre for AI Research (DARC).\"", "source_urls": [ "https://www.gov.uk/government/news/launching-the-defence-centre-for-ai-research" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2022-07-14", "date_sort": "2022-07-14", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-SW-053", "date": "2022-06-28", "year": "2022", "kind": "funding_round", "company_text": "Speechmatics (BIZ-SW-031)", "company_id": "BIZ-SW-031", "counterparty": "Susquehanna Growth Equity", "amount": 62000000, "amount_text": "62000000", "currency": "USD", "valuation_reported": null, "summary": "Series B with AlbionVC and IQ Capital", "sources_text": "https://www.uktech.news/ai/speechmatics-series-b-20220628 — \"$62m (£50.3m)\"", "source_urls": [ "https://www.uktech.news/ai/speechmatics-series-b-20220628" ], "confidence": "single_source", "ledger": "page", "page": "software", "render": true, "date_text": "2022-06-28", "date_sort": "2022-06-28", "before_ledger_start": false, "amount_gbp": 50815507, "fx_rate": 1.2201, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2201 per £ on 2022-06-28", "fx_date": "2022-06-28", "fx_note": "", "txt": "US$62m", "gbp_txt": "£50.8m", "show": true }, { "id": "DEAL-LAB-13005", "date": "2022-06-23", "year": "2022", "kind": "partnership", "company_text": "Dstl AI and data science research", "company_id": "BIZ-LAB-13001", "counterparty": "University of Exeter (consortium lead)", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Dstl forms the Defence Data Research Centre with an Exeter-led consortium. For: Defence Data Research Centre, on data problems for defence AI. Other investors: University of Liverpool; University of Surrey; Digital Catapult (BIZ-NET-2001).", "sources_text": "https://www.gov.uk/government/news/dstl-launches-defence-data-research-centre — \"The Centre will focus on problems related to the use of data for artificial intelligence\"", "source_urls": [ "https://www.gov.uk/government/news/dstl-launches-defence-data-research-centre" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2022-06-23", "date_sort": "2022-06-23", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-SU-CRE-002", "date": "2022-06-10", "year": "2022", "kind": "funding_round", "company_text": "BIZ-SU-CRE-002 Papercup", "company_id": "BIZ-SU-CRE-002", "counterparty": "Octopus Ventures", "amount": 20000000, "amount_text": "20000000", "currency": "USD", "valuation_reported": null, "summary": "Series A with LocalGlobe, Sands Capital, Sky, Guardian Media Ventures, Entrepreneur First and BDMI", "sources_text": "https://www.uktech.news/ai/papercup-funding-16m-20220610 — \"Series A funding round\"", "source_urls": [ "https://www.uktech.news/ai/papercup-funding-16m-20220610" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "date_text": "2022-06-10", "date_sort": "2022-06-10", "before_ledger_start": false, "amount_gbp": 16204829, "fx_rate": 1.2342, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2342 per £ on 2022-06-10", "fx_date": "2022-06-10", "fx_note": "", "txt": "US$20m", "gbp_txt": "£16.2m", "show": true }, { "id": "DEAL-LAB-12005", "date": "2022-05-19", "year": "2022", "kind": "funding_round", "company_text": "Oxford Drug Design", "company_id": "BIZ-LAB-12007", "counterparty": "ACF Investors; o2h Ventures; Meltwind Advisory (existing; no lead named)", "amount": null, "amount_text": "2,200,000 ($2.7m)", "currency": "GBP", "valuation_reported": null, "summary": "Oxford Drug Design raises £2.2m bridge round For: Bridge round for oncology programmes. Other investors: R42 Group; returning angels.", "sources_text": "https://businesscloud.co.uk/news/cancer-fighting-spinout-oxford-drug-design-raises-2-2m (trade) — \"has raised £2.2 million in funding.\"; https://startupsmagazine.co.uk/article-oxford-drug-design-receives-27-million-bridge-round-commitments (trade) — \"$2.7M (£2.2M)\"", "source_urls": [ "https://businesscloud.co.uk/news/cancer-fighting-spinout-oxford-drug-design-raises-2-2m", "https://startupsmagazine.co.uk/article-oxford-drug-design-receives-27-million-bridge-round-commitments" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2022-05-19", "date_sort": "2022-05-19", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_as_written": "2,200,000 ($2.7m)", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "2,200,000 ($2.7m) GBP reported", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-SU-IND-003", "date": "2022-04-12", "year": "2022", "kind": "acquisition", "company_text": "Five AI (BIZ-SU-IND-002)", "company_id": "BIZ-SU-IND-002", "counterparty": "Bosch", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Bosch buys Cambridge self-driving software company Five; price not disclosed", "sources_text": "https://techxplore.com/news/2022-04-germany-bosch-british-automated-startup.html — \"an undisclosed amount\" ; https://tech.eu/2022/04/12/bosch-goes-for-a-drive-shifts-into-overdrive-and-acquires-five/ — \"The financial details of the acquisition were not disclosed.\"", "source_urls": [ "https://techxplore.com/news/2022-04-germany-bosch-british-automated-startup.html", "https://tech.eu/2022/04/12/bosch-goes-for-a-drive-shifts-into-overdrive-and-acquires-five/" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "date_text": "2022-04-12", "date_sort": "2022-04-12", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-9014", "date": "2022-04-08", "year": "2022", "kind": "funding_round", "company_text": "Conjecture", "company_id": "BIZ-LAB-018", "counterparty": "— (lead not stated)", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Conjecture announces its launch and names its backers; amount not stated. For: launch funding for alignment research. Other investors: Nat Friedman; Daniel Gross; Patrick and John Collison; Arthur Breitman; Andrej Karpathy; Sam Bankman-Fried; others.", "sources_text": "https://www.conjecture.dev/research/we-are-conjecture-a-new-alignment-research-startup — \"We are located in London.\"", "source_urls": [ "https://www.conjecture.dev/research/we-are-conjecture-a-new-alignment-research-startup" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2022-04-08", "date_sort": "2022-04-08", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-16012", "date": "2022-03-22", "year": "2022", "kind": "compute_grant", "company_text": "Alchemab Therapeutics", "company_id": "BIZ-LAB-4003", "counterparty": "NVIDIA (Cambridge-1)", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Alchemab was selected for access to NVIDIA's Cambridge-1 supercomputer. For: machine-learning antibody discovery on Cambridge-1.", "sources_text": "https://www.alchemab.com/news/ — \"Alchemab Selected to Access NVIDIA Cambridge-1 Supercomputer to Advance Machine Learning Enabled Antibody Discovery\"", "source_urls": [ "https://www.alchemab.com/news/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2022-03-22", "date_sort": "2022-03-22", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LB-001", "date": "2022-01-25", "year": "2022", "kind": "funding_round", "company_text": "InstaDeep (new)", "company_id": "BIZ-SU-OTH-804", "counterparty": "Alpha Intelligence Capital; CDIB (leads)", "amount": 100000000, "amount_text": "100000000", "currency": "USD", "valuation_reported": null, "summary": "London-based enterprise AI decision-making firm raised a $100m Series B.", "sources_text": "https://www.uktech.news/ai/instadeep-funding-series-b-20220125 (trade) — \"has raised $100m ($£74m) in a Series B funding round.\" … \"The round was led by venture capital firm Alpha Intelligence Capital and private equity firm CDIB.\"", "source_urls": [ "https://www.uktech.news/ai/instadeep-funding-series-b-20220125" ], "confidence": "single_source", "ledger": "ledger2", "page": "startups", "render": true, "date_text": "2022-01-25", "date_sort": "2022-01-25", "before_ledger_start": false, "amount_gbp": 74150971, "fx_rate": 1.3486, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3486 per £ on 2022-01-25", "fx_date": "2022-01-25", "fx_note": "", "txt": "US$100m", "gbp_txt": "£74.2m", "show": true }, { "id": "DEAL-LAB-038", "date": "2022-01-18", "year": "2022", "kind": "funding_round", "company_text": "Wayve (BIZ-LAB-003)", "company_id": "BIZ-LAB-003", "counterparty": "Eclipse", "amount": 200000000, "amount_text": "200000000", "currency": "USD", "valuation_reported": null, "summary": "Series B; total equity raised to date over US$258m", "sources_text": "https://wayve.ai/press/wayve-announces-200-million-in-funding-to-accelerate-the-development-of-av2-0-the-next-wave-of-autonomous-vehicles/ — \"Wayve announces $200 Million in Funding\" (title); Eclipse, a \"long-time supporter of Wayve\", \"led the round.\"", "source_urls": [ "https://wayve.ai/press/wayve-announces-200-million-in-funding-to-accelerate-the-development-of-av2-0-the-next-wave-of-autonomous-vehicles/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2022-01-18", "date_sort": "2022-01-18", "before_ledger_start": false, "amount_gbp": 147253718, "fx_rate": 1.3582, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3582 per £ on 2022-01-18", "fx_date": "2022-01-18", "fx_note": "", "txt": "US$200m", "gbp_txt": "£147.3m", "show": true }, { "id": "DEAL-LA-070", "date": "2021-12-08", "year": "2021", "kind": "funding_round", "company_text": "Synthesia (BIZ-LAB-004)", "company_id": "BIZ-LAB-004", "counterparty": "Kleiner Perkins (lead)", "amount": 50000000, "amount_text": "50000000", "currency": "USD", "valuation_reported": null, "summary": "Series B for AI video avatars.", "sources_text": "https://techcrunch.com/2021/12/08/synthesia-raises-50m-to-leverage-synthetic-avatars-for-corporate-training-and-more/ — \"Today, it announced the close of a $50 million Series B funding round led by Kleiner Perkins\"", "source_urls": [ "https://techcrunch.com/2021/12/08/synthesia-raises-50m-to-leverage-synthetic-avatars-for-corporate-training-and-more/" ], "confidence": "single_source", "ledger": "ledger2", "page": "labs", "render": true, "date_text": "2021-12-08", "date_sort": "2021-12-08", "before_ledger_start": false, "amount_gbp": 37832930, "fx_rate": 1.3216, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3216 per £ on 2021-12-08", "fx_date": "2021-12-08", "fx_note": "", "txt": "US$50m", "gbp_txt": "£37.8m", "show": true }, { "id": "DEAL-LA-069", "date": "2021-10-06", "year": "2021", "kind": "funding_round", "company_text": "Wayve (BIZ-LAB-003)", "company_id": "BIZ-LAB-003", "counterparty": "Ocado", "amount": 10000000, "amount_text": "10000000", "currency": "GBP", "valuation_reported": null, "summary": "Strategic investment by Ocado in self-driving start-up.", "sources_text": "https://techcrunch.com/2021/10/06/wayve-the-lidar-free-self-driving-startup-raises-13-6m-from-ocado/ — \"investing £10 million ($13.6 million at today’s rates) in the startup.\"", "source_urls": [ "https://techcrunch.com/2021/10/06/wayve-the-lidar-free-self-driving-startup-raises-13-6m-from-ocado/" ], "confidence": "single_source", "ledger": "ledger2", "page": "labs", "render": true, "date_text": "2021-10-06", "date_sort": "2021-10-06", "before_ledger_start": false, "amount_gbp": 10000000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£10m", "gbp_txt": "£10m", "show": true }, { "id": "DEAL-LAB-14001", "date": "2021-09-29", "year": "2021", "kind": "partnership", "company_text": "Google DeepMind", "company_id": "BIZ-LAB-001", "counterparty": "Met Office", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "DeepMind and the Met Office published a radar-based AI nowcasting model in Nature, tested with Met Office forecasters. For: Joint research on the DGMR rain-nowcasting model (BIZ-LAB-14027).", "sources_text": "https://deepmind.google/blog/nowcasting-the-next-hour-of-rain/ — \"written in collaboration with the Met Office and published in Nature.\"", "source_urls": [ "https://deepmind.google/blog/nowcasting-the-next-hour-of-rain/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2021-09-29", "date_sort": "2021-09-29", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-047", "date": "2021-09-09", "year": "2021", "kind": "funding_round", "company_text": "PolyAI (BIZ-LAB-007)", "company_id": "BIZ-LAB-007", "counterparty": "Khosla Ventures", "amount": 14000000, "amount_text": "14000000", "currency": "USD", "valuation_reported": null, "summary": "Round name not stated; total raised to date US$28m", "sources_text": "https://poly.ai/blog/polyai-raises-14-million-from-khosla-ventures-to-accelerate-us-expansion-for-their-superhuman-voice-assistants — \"PolyAI Raises $14 Million from Khosla Ventures to Accelerate US Expansion\" (title)", "source_urls": [ "https://poly.ai/blog/polyai-raises-14-million-from-khosla-ventures-to-accelerate-us-expansion-for-their-superhuman-voice-assistants" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2021-09-09", "date_sort": "2021-09-09", "before_ledger_start": false, "amount_gbp": 10112684, "fx_rate": 1.3844, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3844 per £ on 2021-09-09", "fx_date": "2021-09-09", "fx_note": "", "txt": "US$14m", "gbp_txt": "£10.1m", "show": true }, { "id": "DEAL-LAB-7013", "date": "2021-07-22", "year": "2021", "kind": "partnership", "company_text": "Google DeepMind", "company_id": "BIZ-LAB-001", "counterparty": "EMBL-EBI (European Bioinformatics Institute)", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Google DeepMind and EMBL-EBI made AlphaFold predictions freely available. For: Joint launch and hosting of the AlphaFold Protein Structure Database.", "sources_text": "https://deepmind.google/blog/enabling-high-accuracy-protein-structure-prediction-at-the-proteome-scale/ — \"We partnered with EMBL-EBI to make the predictions freely available via the AlphaFold DB.\"", "source_urls": [ "https://deepmind.google/blog/enabling-high-accuracy-protein-structure-prediction-at-the-proteome-scale/" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2021-07-22", "date_sort": "2021-07-22", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-4015", "date": "2021-07-08", "year": "2021", "kind": "funding_round", "company_text": "Kuano", "company_id": "BIZ-SU-HLT-055", "counterparty": "no lead named (ACF Investors; o2h Ventures)", "amount": 1000000, "amount_text": "1,000,000", "currency": "GBP", "valuation_reported": null, "summary": "Kuano raises a £1m seed round. For: Technology team, platform and own therapeutics. Other investors: Cambridge-based angel syndicate.", "sources_text": "https://www.uktech.news/ai/uk-biotech-startup-kuano-lands-1m-for-ai-driven-drug-discovery-20210707 (trade) — \"quantum physics, artificial intelligence (AI) and medicinal chemistry\"", "source_urls": [ "https://www.uktech.news/ai/uk-biotech-startup-kuano-lands-1m-for-ai-driven-drug-discovery-20210707" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2021-07-08", "date_sort": "2021-07-08", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": 1000000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£1m", "gbp_txt": "£1m", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-16023", "date": "2021-06-24", "year": "2021", "kind": "partnership", "company_text": "Kuano", "company_id": "BIZ-SU-HLT-055", "counterparty": "Alzheimer's Research UK UCL Drug Discovery Institute", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Kuano agreed a research collaboration with the ARUK UCL Drug Discovery Institute.", "sources_text": "https://www.kuano.ai/news/older/ — \"research collaboration with the Alzheimer's Research UK University College London Drug Discovery Institute\"", "source_urls": [ "https://www.kuano.ai/news/older/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2021-06-24", "date_sort": "2021-06-24", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-BIG-001", "date": "2021-06-04", "year": "2021", "kind": "major_contract", "company_text": "IBM Research UK (BIZ-BIG-034, BIZ-BIG-035)", "company_id": "BIZ-BIG-034", "counterparty": "STFC Hartree Centre (UKRI)", "amount": 210000000, "amount_text": "210000000", "currency": "GBP", "valuation_reported": null, "summary": "Five-year partnership creating the Hartree National Centre for Digital Innovation at Daresbury", "sources_text": "https://uk.newsroom.ibm.com/2021-06-04-UK-STFC-Hartree-Centre-and-IBM-Begin-Five-Year-210-Million-Partnership-to-Accelerate-Discovery-and-Innovation-with-AI-and-Quantum-Computing — \"a five-year, £210 million partnership with IBM\"", "source_urls": [ "https://uk.newsroom.ibm.com/2021-06-04-UK-STFC-Hartree-Centre-and-IBM-Begin-Five-Year-210-Million-Partnership-to-Accelerate-Discovery-and-Innovation-with-AI-and-Quantum-Computing" ], "confidence": "single_source", "ledger": "page", "page": "big-tech", "render": true, "date_text": "2021-06-04", "date_sort": "2021-06-04", "before_ledger_start": false, "amount_gbp": 210000000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£210m", "gbp_txt": "£210m", "show": true }, { "id": "DEAL-LAB-16011", "date": "2021-05-05", "year": "2021", "kind": "partnership", "company_text": "Alchemab Therapeutics", "company_id": "BIZ-LAB-4003", "counterparty": "AstraZeneca", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "AstraZeneca and Alchemab collaborated on prostate cancer research. For: use of Alchemab platform in a prostate cancer study.", "sources_text": "https://www.alchemab.com/news/ — \"has formed a collaboration with AstraZeneca to accelerate prostate cancer research.\"", "source_urls": [ "https://www.alchemab.com/news/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2021-05-05", "date_sort": "2021-05-05", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LA-057", "date": "2021-04-20", "year": "2021", "kind": "funding_round", "company_text": "Synthesia (BIZ-LAB-004)", "company_id": "BIZ-LAB-004", "counterparty": "FirstMark Capital (lead)", "amount": 12500000, "amount_text": "12500000", "currency": "USD", "valuation_reported": null, "summary": "Series A for AI video generation.", "sources_text": "https://techcrunch.com/2021/04/20/synthesias-ai-video-generation-platform-hooks-12-5-million-series-a-led-by-firstmark/ — \"The company has just announced the close of a $12.5 million Series A funding round led by FirstMark Capital\"", "source_urls": [ "https://techcrunch.com/2021/04/20/synthesias-ai-video-generation-platform-hooks-12-5-million-series-a-led-by-firstmark/" ], "confidence": "single_source", "ledger": "ledger2", "page": "labs", "render": true, "date_text": "2021-04-20", "date_sort": "2021-04-20", "before_ledger_start": false, "amount_gbp": 8960573, "fx_rate": 1.395, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.395 per £ on 2021-04-20", "fx_date": "2021-04-20", "fx_note": "", "txt": "US$12.5m", "gbp_txt": "£9m", "show": true }, { "id": "DEAL-LA-056", "date": "2021-04-16", "year": "2021", "kind": "funding_round", "company_text": "Oxa (BIZ-SU-IND-001), then Oxbotica", "company_id": "BIZ-SU-IND-001", "counterparty": "Ocado", "amount": 10000000, "amount_text": "10000000", "currency": "GBP", "valuation_reported": null, "summary": "Ocado stake extending Oxbotica's Series B (led by bp ventures; total over $60m).", "sources_text": "https://techcrunch.com/2021/04/15/oxbotica-raises-13-8m-from-ocado-to-build-autonomous-vehicle-tech-for-the-online-grocers-logistics-network/ — \"it is taking a £10 million ($13.8 million) stake in Oxbotica\"", "source_urls": [ "https://techcrunch.com/2021/04/15/oxbotica-raises-13-8m-from-ocado-to-build-autonomous-vehicle-tech-for-the-online-grocers-logistics-network/" ], "confidence": "single_source", "ledger": "ledger2", "page": "startups", "render": true, "date_text": "2021-04-16", "date_sort": "2021-04-16", "before_ledger_start": false, "amount_gbp": 10000000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£10m", "gbp_txt": "£10m", "show": true }, { "id": "DEAL-LAB-16006", "date": "2021-04-15", "year": "2021", "kind": "funding_round", "company_text": "Alchemab Therapeutics", "company_id": "BIZ-LAB-4003", "counterparty": "null (lead not stated in text read)", "amount": 60000000, "amount_text": "60,000,000", "currency": "GBP", "valuation_reported": null, "summary": "Alchemab closed a £60m ($82m) Series A. For: platform for disease-modifying antibody therapeutics.", "sources_text": "https://www.alchemab.com/news/ — \"today announces the completion of a £60 million ($82 million) Series A financing round.\"", "source_urls": [ "https://www.alchemab.com/news/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2021-04-15", "date_sort": "2021-04-15", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": 60000000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£60m reported", "gbp_txt": "£60m", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-4022", "date": "2021-03-18", "year": "2021", "kind": "funding_round", "company_text": "Antiverse", "company_id": "BIZ-SU-HLT-013", "counterparty": "angel syndicate led by Ed Parkinson", "amount": 1400000, "amount_text": "1,400,000", "currency": "GBP", "valuation_reported": null, "summary": "Antiverse raises a £1.4m seed round. For: Antibody drug discovery platform. Other investors: Development Bank of Wales; Angel Co-Investment Fund; Tensor Ventures; Wren Capital; Cambridge Angels; SyndicateRoom; UKI2S.", "sources_text": "https://www.uktech.news/featured/wales-antibody-drug-discovery-platform-antiverse-funding-20210318 (trade) — \"Founded in 2017 by Ben Holland, Murat Tunaboylu, and Rowina Westermeier\"", "source_urls": [ "https://www.uktech.news/featured/wales-antibody-drug-discovery-platform-antiverse-funding-20210318" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2021-03-18", "date_sort": "2021-03-18", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": 1400000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£1.4m", "gbp_txt": "£1.4m", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-16021", "date": "2021-02-25", "year": "2021", "kind": "funding_round", "company_text": "Kuano", "company_id": "BIZ-SU-HLT-055", "counterparty": "o2h human health EIS Fund", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Kuano raised a pre-seed round led by the o2h human health EIS Fund. Other investors: consortium (not named).", "sources_text": "https://www.kuano.ai/news/older/ — \"the o2h human health EIS Fund is leading a consortium of investors participating in a pre-seed round\"", "source_urls": [ "https://www.kuano.ai/news/older/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2021-02-25", "date_sort": "2021-02-25", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-SU-HLT-070", "date": "2021-01-08", "year": "2021", "kind": "funding_round", "company_text": "Peptone (BIZ-SU-HLT-065)", "company_id": "BIZ-SU-HLT-065", "counterparty": "Hoxton Ventures", "amount": 2500000, "amount_text": "2500000", "currency": "USD", "valuation_reported": null, "summary": "Seed round (about £1.84m)", "sources_text": "https://www.uktech.news/news/uk-biotech-peptone-funding-for-faster-drug-discovery-20210108 — \"$2.5M (nearly £1.84M)\" (accessed 2026-10-29)", "source_urls": [ "https://www.uktech.news/news/uk-biotech-peptone-funding-for-faster-drug-discovery-20210108" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "date_text": "2021-01-08", "date_sort": "2021-01-08", "before_ledger_start": false, "amount_gbp": 1839588, "fx_rate": 1.359, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.359 per £ on 2021-01-08", "fx_date": "2021-01-08", "fx_note": "", "txt": "US$2.5m", "gbp_txt": "£1.8m", "show": true }, { "id": "DEAL-LA-053", "date": "2020-12-10", "year": "2020", "kind": "funding_round", "company_text": "Papercup (BIZ-SU-CRE-002)", "company_id": "BIZ-SU-CRE-002", "counterparty": "not stated in source", "amount": 8000000, "amount_text": "8000000", "currency": "GBP", "valuation_reported": null, "summary": "Round for AI voice translation.", "sources_text": "https://techcrunch.com/tag/papercup/ — \"Papercup, the UK startup using AI for realistic-sounding voice translation, raises £8M funding\"", "source_urls": [ "https://techcrunch.com/tag/papercup/" ], "confidence": "single_source", "ledger": "ledger2", "page": "startups", "render": true, "date_text": "2020-12-10", "date_sort": "2020-12-10", "before_ledger_start": false, "amount_gbp": 8000000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£8m", "gbp_txt": "£8m", "show": true }, { "id": "DEAL-LAB-16002", "date": "2020-10-29", "year": "2020", "kind": "funding_round", "company_text": "LabGenius", "company_id": "BIZ-SU-HLT-038", "counterparty": "Atomico", "amount": 15000000, "amount_text": "15,000,000", "currency": "USD", "valuation_reported": null, "summary": "Atomico led a $15m extension that took LabGenius's Series A to $25m. For: Series A extension (round total $25m) for EVA platform. Other investors: Lux Capital; Obvious Ventures; Kindred Capital; Inovia Capital.", "sources_text": "https://tech.eu/2020/10/29/labgenius-series-a/ (trade) — \"LabGenius closes $15 million Series A extension led by Atomico, brings round to $25 million\"", "source_urls": [ "https://tech.eu/2020/10/29/labgenius-series-a/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2020-10-29", "date_sort": "2020-10-29", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": 11623402, "fx_rate": 1.2905, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2905 per £ on 2020-10-29", "fx_date": "2020-10-29", "fx_note": "", "txt": "US$15m reported", "gbp_txt": "£11.6m", "show": true, "labs_r8": true }, { "id": "DEAL-SW-045", "date": "2020-10-04", "year": "2020", "kind": "rename", "company_text": "Secondmind (BIZ-SW-040)", "company_id": "BIZ-SW-040", "counterparty": null, "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "PROWLER.IO LIMITED renamed Secondmind Limited", "sources_text": "https://find-and-update.company-information.service.gov.uk/company/09973282 — \"PROWLER.IO LIMITED\" (27 Jan 2016 - 04 Oct 2020)", "source_urls": [ "https://find-and-update.company-information.service.gov.uk/company/09973282" ], "confidence": "single_source", "ledger": "page", "page": "software", "render": true, "date_text": "2020-10-04", "date_sort": "2020-10-04", "before_ledger_start": false, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true }, { "id": "DEAL-LAB-9013", "date": "2020-10", "year": "2020", "kind": "funding_round", "company_text": "Unlikely AI", "company_id": "BIZ-LAB-019", "counterparty": "— (26 angel investors)", "amount": 1100000, "amount_text": "1100000", "currency": "GBP", "valuation_reported": null, "summary": "Unlikely AI raised £1.1m from 26 angels before its 2022 seed. For: angel round.", "sources_text": "https://unlikely.ai/unlikely-ai-raises-20m-in-oversubscribed-seed-round — \"a £1.1m angel-only round in October 2020, which saw 26 prominent angel investors contribute\"", "source_urls": [ "https://unlikely.ai/unlikely-ai-raises-20m-in-oversubscribed-seed-round" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2020-10", "date_sort": "2020-10-00", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": 1100000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£1.1m", "gbp_txt": "£1.1m", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-12004", "date": "2020-06-30", "year": "2020", "kind": "funding_round", "company_text": "PharmEnable", "company_id": "BIZ-LAB-12005", "counterparty": "Cambridge Enterprise and University of Cambridge Enterprise Fund VI (Parkwalk Advisors)", "amount": null, "amount_text": "1,800,000 ($2.25m)", "currency": "GBP", "valuation_reported": null, "summary": "PharmEnable's oversubscribed £1.8m seed round For: Seed: move to in-house drug discovery in cancer and neurodegeneration. Other investors: Martlet Capital; o2h ventures; Wren Capital; KQ Labs (Francis Crick Institute); angels incl. Jonathan Milner, Andy Richards.", "sources_text": "https://www.cambridgenetwork.co.uk/news/cambridge-spin-out-pharmenable-raises-ps18m-drug-discovery-expansion (trade) — \"a suite of gold standard AI-enabled tools for finding drug target matches from structure and ligand data\"; https://www.ch.cam.ac.uk/news/pharmenable-raises-ps18-million-drug-discovery-expansion — \"ChemSeek, a suite of Artificial Intelligence methods and computational tools\"", "source_urls": [ "https://www.cambridgenetwork.co.uk/news/cambridge-spin-out-pharmenable-raises-ps18m-drug-discovery-expansion", "https://www.ch.cam.ac.uk/news/pharmenable-raises-ps18-million-drug-discovery-expansion" ], "confidence": "verified", "ledger": "page", "page": "labs", "render": true, "date_text": "2020-06-30", "date_sort": "2020-06-30", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_as_written": "1,800,000 ($2.25m)", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "1,800,000 ($2.25m) GBP", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LA-035", "date": "2019-10-22", "year": "2019", "kind": "funding_round", "company_text": "LabGenius (BIZ-SU-HLT-038)", "company_id": "BIZ-SU-HLT-038", "counterparty": "not stated in source", "amount": 10000000, "amount_text": "10000000", "currency": "USD", "valuation_reported": null, "summary": "Round for AI protein drug discovery.", "sources_text": "https://techcrunch.com/tag/labgenius/ — \"LabGenius raises $10M to use AI for protein drug discovery\"", "source_urls": [ "https://techcrunch.com/tag/labgenius/" ], "confidence": "single_source", "ledger": "ledger2", "page": "startups", "render": true, "date_text": "2019-10-22", "date_sort": "2019-10-22", "before_ledger_start": false, "amount_gbp": 7747134, "fx_rate": 1.2908, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2908 per £ on 2019-10-22", "fx_date": "2019-10-22", "fx_note": "", "txt": "US$10m", "gbp_txt": "£7.7m", "show": true }, { "id": "DEAL-SW-5017", "date": "2019-10-21", "year": "2019", "kind": "funding_round", "company_text": "BIZ-SW-031 Speechmatics", "company_id": "BIZ-SW-031", "counterparty": "AlbionVC (lead)", "amount": 6350000, "amount_text": "6,350,000", "currency": "GBP", "valuation_reported": null, "summary": "Speechmatics raised a £6.35m Series A. Buys or funds: Series A; speech recognition languages. Other investors: IQ Capital; angels.", "sources_text": "https://www.uktech.news/featured/speechmatics-raises-6-35m-series-a-20191021 (trade) — \"has raised £6.35m in Series A funding\"", "source_urls": [ "https://www.uktech.news/featured/speechmatics-raises-6-35m-series-a-20191021" ], "confidence": "single_source", "ledger": "page", "page": "software", "render": true, "date_text": "2019-10-21", "date_sort": "2019-10-21", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": 6350000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£6.3m", "gbp_txt": "£6.3m", "show": true, "round6": true }, { "id": "DEAL-LA-033", "date": "2019-10-16", "year": "2019", "kind": "funding_round", "company_text": "Healx (BIZ-SU-HLT-037)", "company_id": "BIZ-SU-HLT-037", "counterparty": "Atomico", "amount": 56000000, "amount_text": "56000000", "currency": "USD", "valuation_reported": null, "summary": "Series B for AI search for rare-disease treatments, Cambridge.", "sources_text": "https://techcrunch.com/2019/10/16/healx/ — \"has raised $56 million in Series B funding. Leading the round is London-base VC firm Atomico\"", "source_urls": [ "https://techcrunch.com/2019/10/16/healx/" ], "confidence": "single_source", "ledger": "ledger2", "page": "startups", "render": true, "date_text": "2019-10-16", "date_sort": "2019-10-16", "before_ledger_start": false, "amount_gbp": 43736332, "fx_rate": 1.2804, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2804 per £ on 2019-10-16", "fx_date": "2019-10-16", "fx_note": "", "txt": "US$56m", "gbp_txt": "£43.7m", "show": true }, { "id": "DEAL-LA-027", "date": "2019-04-25", "year": "2019", "kind": "funding_round", "company_text": "Synthesia (BIZ-LAB-004)", "company_id": "BIZ-LAB-004", "counterparty": "LDV Capital (lead)", "amount": 3100000, "amount_text": "3100000", "currency": "USD", "valuation_reported": null, "summary": "Seed financing after the David Beckham malaria video.", "sources_text": "https://techcrunch.com/2019/04/25/the-startup-behind-that-deep-fake-david-beckham-video-just-raised-3m/ — \"The U.K.-based startup has now raised $3.1 million, with the financing led by LDV Capital\"", "source_urls": [ "https://techcrunch.com/2019/04/25/the-startup-behind-that-deep-fake-david-beckham-video-just-raised-3m/" ], "confidence": "single_source", "ledger": "ledger2", "page": "labs", "render": true, "date_text": "2019-04-25", "date_sort": "2019-04-25", "before_ledger_start": false, "amount_gbp": 2401797, "fx_rate": 1.2907, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2907 per £ on 2019-04-25", "fx_date": "2019-04-25", "fx_note": "", "txt": "US$3.1m", "gbp_txt": "£2.4m", "show": true }, { "id": "DEAL-LAB-16001", "date": "2017-11-24", "year": "2017", "kind": "funding_round", "company_text": "LabGenius", "company_id": "BIZ-SU-HLT-038", "counterparty": "Kindred Capital; Acequia Capital (co-leads)", "amount": 3660000, "amount_text": "3,660,000", "currency": "USD", "valuation_reported": null, "summary": "LabGenius raised a $3.66m seed round. For: London R&D centre and EVA evolution engine. Other investors: Berggruen Holdings; Backed VC; Beast Ventures; System.One; Charlie Songhurst; Tom McInerney.", "sources_text": "https://tech.eu/2017/11/24/labgenius-funding/ (trade) — \"EVA is a Silicon Scientist hooked up to a bank of liquid handling robots.\"", "source_urls": [ "https://tech.eu/2017/11/24/labgenius-funding/" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "2017-11-24", "date_sort": "2017-11-24", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": 2741368, "fx_rate": 1.3351, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.3351 per £ on 2017-11-24", "fx_date": "2017-11-24", "fx_note": "", "txt": "US$3.7m reported", "gbp_txt": "£2.7m", "show": true, "labs_r8": true }, { "id": "DEAL-LA-006", "date": "2017-09-05", "year": "2017", "kind": "funding_round", "company_text": "Five AI (BIZ-SU-IND-002)", "company_id": "BIZ-SU-IND-002", "counterparty": "Lakestar Capital (lead)", "amount": 26800000, "amount_text": "26800000", "currency": "GBP", "valuation_reported": null, "summary": "Series A in two tranches (£14m and £12.8m) for self-driving software, Cambridge.", "sources_text": "https://techcrunch.com/2017/09/05/uks-fiveai-gets-35m-to-build-a-taxi-service-powered-by-its-own-self-driving-car-platform/ — \"has raised £14 million ($18 million) and £12.8 million ($17 million) in two tranches\"", "source_urls": [ "https://techcrunch.com/2017/09/05/uks-fiveai-gets-35m-to-build-a-taxi-service-powered-by-its-own-self-driving-car-platform/" ], "confidence": "single_source", "ledger": "ledger2", "page": "startups", "render": true, "date_text": "2017-09-05", "date_sort": "2017-09-05", "before_ledger_start": false, "amount_gbp": 26800000, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£26.8m", "gbp_txt": "£26.8m", "show": true }, { "id": "DEAL-LA-005", "date": "2017-09-04", "year": "2017", "kind": "funding_round", "company_text": "Secondmind (BIZ-SW-040), then Prowler.io", "company_id": "BIZ-SW-040", "counterparty": "not stated in source", "amount": 13000000, "amount_text": "13000000", "currency": "USD", "valuation_reported": null, "summary": "Round for decision-making AI company (later renamed Secondmind; see DEAL-SW-045).", "sources_text": "https://techcrunch.com/tag/prowler-io/ — \"Prowler.io nabs $13M for its new approach to decision making in AI\"", "source_urls": [ "https://techcrunch.com/tag/prowler-io/" ], "confidence": "single_source", "ledger": "ledger2", "page": "software", "render": true, "date_text": "2017-09-04", "date_sort": "2017-09-04", "before_ledger_start": false, "amount_gbp": 10033187, "fx_rate": 1.2957, "fx_source": "Bank of England daily spot rate (series XUDLUSS, XUDLERS), US$1.2957 per £ on 2017-09-04", "fx_date": "2017-09-04", "fx_note": "", "txt": "US$13m", "gbp_txt": "£10m", "show": true }, { "id": "DEAL-SU-OTH-2025", "date": "2017-02-02", "year": "2017", "kind": "grant", "company_text": "Oxa (then Oxbotica Ltd)", "company_id": "BIZ-SU-IND-001", "counterparty": "Innovate UK / CCAV CAV2 Stream 3 feasibility studies", "amount": 121947, "amount_text": "121,947", "currency": "GBP", "valuation_reported": null, "summary": "Grant (total cost £174,210) for Anytime, Anywhere Low Cost Localisation.", "sources_text": "https://assets.publishing.service.gov.uk/media/5a81ed07e5274a2e87dc037a/Connected_and_Autonomous_Vehicles_2_-_Stream_3_FS_-_Competition_Results.pdf — \"Anytime, Anywhere Low Cost Localisation\"", "source_urls": [ "https://assets.publishing.service.gov.uk/media/5a81ed07e5274a2e87dc037a/Connected_and_Autonomous_Vehicles_2_-_Stream_3_FS_-_Competition_Results.pdf" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "date_text": "2017-02-02 (funders panel)", "date_sort": "2017-02-02", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": 121947, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£121,947", "gbp_txt": "£121,947", "show": true }, { "id": "DEAL-SU-OTH-2026", "date": "2017-02-02", "year": "2017", "kind": "grant", "company_text": "Oxa (then Oxbotica Ltd)", "company_id": "BIZ-SU-IND-001", "counterparty": "Innovate UK / CCAV CAV2 Stream 3 feasibility studies", "amount": 122728, "amount_text": "122,728", "currency": "GBP", "valuation_reported": null, "summary": "Grant (total cost £175,325) for Vote3Deep real-time object detection.", "sources_text": "https://assets.publishing.service.gov.uk/media/5a81ed07e5274a2e87dc037a/Connected_and_Autonomous_Vehicles_2_-_Stream_3_FS_-_Competition_Results.pdf — \"Vote3Deep - Transferring technology from lab to vehicle for high performance, real-time object detection\"", "source_urls": [ "https://assets.publishing.service.gov.uk/media/5a81ed07e5274a2e87dc037a/Connected_and_Autonomous_Vehicles_2_-_Stream_3_FS_-_Competition_Results.pdf" ], "confidence": "single_source", "ledger": "page", "page": "startups", "render": true, "date_text": "2017-02-02 (funders panel)", "date_sort": "2017-02-02", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": 122728, "fx_rate": 1.0, "fx_source": "as published (GBP)", "fx_note": "", "txt": "£122,728", "gbp_txt": "£122,728", "show": true }, { "id": "DEAL-CLD-5003", "date": null, "year": null, "kind": "gpu_purchase", "company_text": "Basecamp Research", "company_id": "BIZ-LAB-010", "counterparty": "BIZ-CLD-5003 Boston Limited", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Boston built a DGX H200 BasePOD for Basecamp Research's EDEN biology model. Buys or funds: NVIDIA DGX H200 BasePOD for EDEN model. Other investors: VAST Data (storage).", "sources_text": "https://boston.co.uk/wp-content/uploads/2026/07/AI-Brochure-2026-June-v2-WEB-SINGLE-updated.pdf — \"trillion gene\"", "source_urls": [ "https://boston.co.uk/wp-content/uploads/2026/07/AI-Brochure-2026-June-v2-WEB-SINGLE-updated.pdf" ], "confidence": "single_source", "ledger": "page", "page": "cloud", "render": true, "date_text": "— (case study in 2026-07 brochure)", "date_sort": "", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "round6": true }, { "id": "DEAL-SW-3030", "date": null, "year": null, "kind": "compute_grant", "company_text": "BIZ-SW-014 Cosine", "company_id": "BIZ-SW-014", "counterparty": "UK Sovereign AI Fund via AI Research Resource (Isambard-AI)", "amount": null, "amount_text": "500,000 GPU hours", "currency": null, "valuation_reported": null, "summary": "Cosine was awarded 500,000 GPU hours on Isambard-AI through the AIRR. Buys or funds: GPU time on Isambard-AI supercomputer.", "sources_text": "https://tech.eu/2026/04/17/cosine-goes-from-benchmark-leader-to-cornerstone-of-uk-sovereign-ai-strategy/ (trade) — \"It is the only end-to-end sovereign AI coding platform built, owned, and operated entirely in Britain.\"", "source_urls": [ "https://tech.eu/2026/04/17/cosine-goes-from-benchmark-leader-to-cornerstone-of-uk-sovereign-ai-strategy/" ], "confidence": "single_source", "ledger": "page", "page": "software", "render": true, "date_text": "by 2026-04-17", "date_sort": "", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_as_written": "500,000 GPU hours", "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "500,000 GPU hours", "gbp_txt": "", "show": true, "round6": true }, { "id": "DEAL-SW-3031", "date": null, "year": null, "kind": "government_contract", "company_text": "BIZ-SW-014 Cosine", "company_id": "BIZ-SW-014", "counterparty": "UK government Sovereign AI programme (£500m)", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Cosine was chosen as one of the first partners of the UK's £500m Sovereign AI programme. Buys or funds: Partner place; Sovereign AI Fund option on next round.", "sources_text": "https://tech.eu/2026/04/17/cosine-goes-from-benchmark-leader-to-cornerstone-of-uk-sovereign-ai-strategy/ (trade) — \"It is the only end-to-end sovereign AI coding platform built, owned, and operated entirely in Britain.\"", "source_urls": [ "https://tech.eu/2026/04/17/cosine-goes-from-benchmark-leader-to-cornerstone-of-uk-sovereign-ai-strategy/" ], "confidence": "single_source", "ledger": "page", "page": "software", "render": true, "date_text": "by 2026-04-17", "date_sort": "", "before_ledger_start": false, "week_ending": false, "trade": true, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "round6": true }, { "id": "DEAL-LAB-4018", "date": null, "year": null, "kind": "partnership", "company_text": "Isomorphic Labs", "company_id": "BIZ-LAB-002", "counterparty": "Eli Lilly and Company", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Strategic research collaboration with Eli Lilly (date to be found). For: Small-molecule therapeutics against undisclosed targets.", "sources_text": "https://www.isomorphiclabs.com/partnerships — \"shared commitment to advancing groundbreaking drug design\"", "source_urls": [ "https://www.isomorphiclabs.com/partnerships" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "— (not dated on company page)", "date_sort": "", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r7": true }, { "id": "DEAL-LAB-12018", "date": null, "year": null, "kind": "partnership", "company_text": "Antiverse", "company_id": "BIZ-SU-HLT-013", "counterparty": "Nxera Pharma", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Nxera Pharma and Antiverse collaborate on GPCR antibodies For: GPCR-targeted antibody therapeutics designed with generative AI.", "sources_text": "https://www.antiverse.io/news — \"Nxera Pharma and Antiverse Enter Collaboration To Design Novel GPCR-Targeted Antibody Therapeutics Using Generative AI\"", "source_urls": [ "https://www.antiverse.io/news" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "by 2024-12-28 (announcement date not shown)", "date_sort": "", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-14003", "date": null, "year": null, "kind": "partnership", "company_text": "Applied Computing", "company_id": "BIZ-LAB-025", "counterparty": "Wipro", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Applied Computing pairs Orbital with Wipro's integrated delivery model. For: Alliance to deliver the Orbital model (BIZ-LAB-14079) through Wipro.", "sources_text": "https://appliedcomputing.com/more/partnerships — \"Our alliance pairs Orbital with Wipro's integrated delivery model\"", "source_urls": [ "https://appliedcomputing.com/more/partnerships" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "— (not stated on page)", "date_sort": "", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-14004", "date": null, "year": null, "kind": "partnership", "company_text": "Applied Computing", "company_id": "BIZ-LAB-025", "counterparty": "Capgemini", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Capgemini collaboration places Orbital inside its client programmes. For: Orbital (BIZ-LAB-14079) used as industrial AI engine in Capgemini-led programmes.", "sources_text": "https://appliedcomputing.com/more/partnerships — \"The collaboration positions Orbital as the industrial AI engine inside Capgemini-led programmes\"", "source_urls": [ "https://appliedcomputing.com/more/partnerships" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "— (not stated on page)", "date_sort": "", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-14005", "date": null, "year": null, "kind": "partnership", "company_text": "Applied Computing", "company_id": "BIZ-LAB-025", "counterparty": "Amazon Web Services", "amount": null, "amount_text": null, "currency": null, "valuation_reported": null, "summary": "Applied Computing runs Orbital on AWS infrastructure. For: Orbital (BIZ-LAB-14079) runs natively on AWS.", "sources_text": "https://appliedcomputing.com/more/partnerships — \"Applied Computing runs Orbital natively on AWS to deliver real-time, explainable intelligence\"", "source_urls": [ "https://appliedcomputing.com/more/partnerships" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "— (not stated on page)", "date_sort": "", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true }, { "id": "DEAL-LAB-16015", "date": null, "year": null, "kind": "partnership", "company_text": "Antiverse", "company_id": "BIZ-SU-HLT-013", "counterparty": "Nxera Pharma", "amount": null, "amount_text": "undisclosed", "currency": null, "valuation_reported": null, "summary": "Nxera Pharma and Antiverse began a GPCR antibody collaboration. For: GPCR-targeted antibody design using generative AI.", "sources_text": "https://www.antiverse.io/news — \"Nxera Pharma and Antiverse Enter Collaboration To Design Novel GPCR-Targeted Antibody Therapeutics Using Generative AI\"", "source_urls": [ "https://www.antiverse.io/news" ], "confidence": "single_source", "ledger": "page", "page": "labs", "render": true, "date_text": "— (on or before 2024-12-28; newsletter date)", "date_sort": "", "before_ledger_start": false, "week_ending": false, "trade": false, "round4": true, "amount_gbp": null, "fx_rate": null, "fx_source": null, "fx_note": "no amount published", "txt": "", "gbp_txt": "", "show": true, "labs_r8": true } ] }