OMass Therapeutics, an Oxford spin-out, has secured £230M in Series C financing co-led by Bain Capital, Forbion, and Novo Holdings. The UK-based biotech company plans to use the capital to push its small-molecule treatments into Phase 2 clinical trials. eu-startups.com/2026/10/oxfo…

US software giant Intuit has acquired UK-based AI fintech Sequence in a deal reportedly valued at $200M. Co-founded by Riya Grover and backed by Andreessen Horowitz, Sequence specialises in automating revenue management and billing processes. tech.eu/2026/10/16/a16z-back…

Microsoft has pulled out of a deal with Nscale to build the UK's largest AI data centre in Loughton due to power supply concerns. Nscale, targeting a $35B NYSE listing, is now seeking alternative power sources. cityam.com/microsoft-pulls-o…

London venture firm Mosaic Ventures leads an €8 million Seed round for Klarent. As AI accelerates code generation, the startup provides UK enterprise engineering teams with autonomous AI agents that write, execute, and self-heal complex software tests. techfundingnews.com/klarent-…

UK startups may soon have an easier time hiring top talent. Prime Minister Andy Burnham announced plans to ease restrictive non-compete clauses, removing barriers that hold back growth and keep skilled workers tied to legacy firms. app.dealroom.co/news/note/uk…

Global asset tech leader Linedata has partnered with UK fintech AutoRek to deliver fully managed, automated reconciliation services to asset managers, cutting manual errors and boosting operational efficiency worldwide. fintech.global/2026/10/05/li…

London-based DIG Ventures, founded by MuleSoft's Ross Mason, closed a €106M third fund to back 30 early-stage European AI and cloud infrastructure startups, helping them expand into the US market. eu-startups.com/2026/10/mule…

Barclays is expanding its use of Anthropic’s Claude to boost software development and legacy modernisation. With AI driving a £2B savings goal, Claude Code adoption is set to reach 50% of its developers by the end of 2026. finextra.com/newsarticle/485…

Sunderland’s OneClickComply secured £1M from Mercia Ventures and Northstar Ventures to expand its cyber compliance platform. It claims to automate 90% of certification tasks and auto-fix issues across M365, Google, and AWS. fintech.global/2026/09/25/on…

London-based Basecamp Research raised $140M from Nvidia in an oversubscribed Series C led by S32, valuing it at $800M. The funds will advance its EDEN AI model and in-vivo cell therapies to write designed DNA directly into cells. techfundingnews.com/basecamp…

London’s Reactive Technologies secured €19M from the European Investment Bank to strengthen Europe’s power grid. The investment is expected to support the rapid growth of clean renewable energy. eu-startups.com/2026/09/lond…

The EU’s €5B Scaleup Europe Fund is in talks to invest in voice AI leader ElevenLabs as it seeks over $500M in new funding. The Brussels-backed fund aims to keep Europe’s top tech scaleups from relying purely on US capital. techfundingnews.com/eus-e5b-…

New research from American Express shows 83% of UK SMEs use AI to save time on admin and scale their operations. With tech acting like another staff member, AI gives small firms big-company capacity to drive growth across the UK economy. uktech.news/ai/why-small-bus…

Bristol startup StuDex is bridging the gap between 70k students and local independent businesses, helping them discover venues, clubs and events while giving small businesses direct reach to the city’s £1.7bn market. edtechinnovationhub.com/news…

The FCA is replacing UK fund disclosure documents with a flexible product summary under the new CCI regime. It mandates standard risk, performance, and cost metrics to aid investors and will be compulsory by June 2027. fintech.global/2026/09/10/uk…

London-based Prevalent AI secured £16.1M in growth funding from Integrity Growth Partners. Founded by GCHQ alumni, the firm cleans and connects fragmented data and will use the capital to scale into the US. uktech.news/cybersecurity/pr…

OpenAI has launched ChatGPT for Financial Services powered by GPT-6 Astra, coming with built-in market data. Created with Morgan Stanley, it generates cited research, models and branded pitchbooks. finextra.com/newsarticle/483…

London-based AI Score has raised $5.4m in seed funding, led by Fuel Ventures, to expand its real-time AI governance platform for managing enterprise generative and agentic AI systems. tech.eu/2026/09/04/uk-startu…

Legal & General has appointed Schroders CTO Jamie Ovenden to lead a new tech, data, and AI division, as CEO António Simões streamlines operations ahead of COO Katie Worgan’s departure. fintechfutures.com/job-cuts-…

UK business confidence hit a near two-year high of 94.22 in August, driven by services sector output and strong seasonal leisure demand. Will the new Budget pay off this optimism? cityam.com/business-confiden…