Exclusive: The City’s hunger for success and willingness to push boundaries is infectious, says tech guru May 10, 2021 Since the start of the pandemic, the entire economy and its workforce have moved online, with technology and digital tools keeping many businesses going. Jeremy Silver, CEO of Digital Catapult, a digital technology innovation firm based in Camden Town, has helped UK businesses small and large and across various industries to be more competitive online [...]
Digital health app Livi secures $2bn valuation after fresh funding round April 27, 2021 Digital GP platform Kry today said it has raised $300m (£216m) in a fresh funding round after enjoying a surge in demand for remote healthcare services during the pandemic. The new cash injection, led by CPP Investments and Fidelity, takes the company’s valuation to over $2bn — almost three times the price tag given after [...]
Shares in biotech firm C4X Discovery fizz on €414m Sanofi deal April 12, 2021 Shares in C4X discovery jumped today after the biotech company unveiled a €414m (£360m) licensing deal with Sanofi to develop an oral therapy to treat inflammatory diseases. Under the terms of the deal, the London-listed giant will receive an upfront payment of €7m and could receive up to a further €407m in potential development and [...]
NHS hits back in legal row over £23m data deal with Palantir March 30, 2021 The NHS has been thrown into a row with campaigners amid a legal row over a £23m deal with secretive US tech giant Palantir to process sensitive health data. Palantir first began working with the NHS in March last year as part of efforts to tap into a vast data store of health information to [...]
Exclusive: Govt policy shows UK tech is ‘guiding light’ in pandemic recovery, says Beacon CEO March 30, 2021 Despite the upheaval that the pandemic has caused for many individuals and businesses across the UK, the tech sector has been relatively resilient over the past 12 months. The industry’s continued strong performance is reflected by recent data compiled by Tech Nation and the government’s Digital Economy Council, which shows that 10 per cent of [...]
Digital health firm Babylon mulls $4bn US stock market float February 24, 2021 Babylon is said to be weighing up a US initial public offering that could value the health app at $4bn (£2.8bn). The digital health firm, which offers remote consultations with doctors, has been approached by several bank cheque firms about going public via a Spac deal, Bloomberg reported. The London-based company is also thought to [...]
Health and wellbeing could be the business opportunity of our age February 18, 2021 Generations become defined by their obsessions, but it is often only after the event that the nature of those obsessions become clear and their consequences easier to understand. The historical bread crumb trail revealing what should have seemed obvious at the time and with them opportunities lost. But sometimes we live through periods of such [...]
Adapt and thrive: There’s a £200bn prize for British firms willing to embrace new ideas February 16, 2021 After the toughest of years, many businesses are still reeling from the impact of Covid-19. Shuttered high streets and closed forecourts are the visible scars from a bruising year. But alongside this, some businesses are swimming against the tide, with strong profits reported at firms like Next and Jaguar Land Rover. Covid-19 shone a spotlight [...]
Digital GP app Livi prescribes €200m funding boost amid pandemic boom February 12, 2021 One of the largest digital GP platforms in Europe is said to be in talks to raise a further €200m (£176m) as the Covid-19 pandemic drives up demand for remote healthcare services. Kry, which trades as Livi in the UK, is working with bankers at JP Morgan on a series D funding round, Sky News [...]
Tech firms need to grasp the chance to change their hiring January 30, 2021 The year 2020 will be remembered for a lot of reasons. It was, obviously, a challenging year, with many facing furlough and redundancies, as scores of businesses were forced to close their doors. The pandemic has hit the economy hard, and the UK’s jobs crisis is worsening each month. Worryingly, young people are the most [...]