This week’s UK tech funding deals include radiology workflow management software firm Hexarad, hydrogen energy-harvesting boat maker DRIFT Energy and more.
UKTN tracked £67m worth of UK tech investment this week (12 August to 16 August), an 8% week-on-week decrease across eight funding rounds.
Here’s your weekly roundup of UK tech startup funding deals.
Encord – £23.4m
Sector: AI
HQ: London / San Francisco
Round: Series B
Funding type: Equity
Investors: Next47, Y Combinator, CRV, Crane Venture Partners
Founded in 2020, Encord’s platform is used by businesses to make unstructured data readable by machines.
Hexarad – £11m
Sector: Health tech
HQ: London
Round: Series B
Funding type: Equity
Investors: MTIP and Foresight Group
Founded in 2016, Hexarad provides workflow management software to optimise radiology work.
Gaussion – £9.4m
Sector: Energy...