Mobile authentication platform tru.ID is exiting stealth mode having secured a £3m funding round from investors including Episode 1, MMC Ventures and NHN Ventures. tru.ID has been launched by experienced industry insiders to help developers eliminate passwords and bring user authentication into the 21st century.  

CorrosionRADAR – whose technology can detect and predict corrosion in pipelines - has attracted funding from the Middle East’s largest oil and gas company as part of a £2.9m investment round.

Saudi Aramco Energy Ventures led the Series A round, with support from existing investors the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF), Mercia’s EIS funds and angel investors.

Outpost VFX, a fast-growing UK-headquartered film and TV visual effects company, has secured a multi-million pound investment from funds managed by YFM Equity Partners (YFM) which will enable it to develop its infrastructure, company culture and proprietary platforms, as well as providing a solid base for further international growth across its four international locations.

Indra, the fast-growing electric vehicle and smart energy technology company developing innovative charging and energy storage solutions for home and commercial use, has secured a £6million investment led by the UK venture capital fund, Clean Growth Fund (CGF), alongside Gulf Oil International (Gulf). Through their investment in Indra, Gulf is making its first strategic move into the e-mobility/electric vehicles sector.

Maven Capital Partners has led a £1.75 million investment into marketing technology company, Leaf.fm Ltd. The innovative performance marketing services provider secured £1 million through the North East Development Fund, supported by the European Regional Development, and £750,000 through The Future Fund, a government scheme backed by the British Business Bank. Funding will enable Leaf to invest in its engineering and data science teams, sales & marketing activities and expand its Newcastle operations to deliver on its ambitious expansion plans, whilst continuing to roll out a number of exciting product enhancements.

Turin-based e-mobility and advanced materials venture Tau has secured an investment of a consortium of two leading Middle Eastern sovereign wealth funds, the Russian Direct Investment Fund (RDIF) and a German investment manager to top up its ongoing series A equity investment round to a total of EUR 6.75m. This round’s initial investment was made by the corporate venturing arm of German specialty chemicals company Altana AG.

AttoCore, the developer of scalable and flexible 4G and 5G core network solutions is pleased to announce a strategic investment from Lansdowne Investment Company Cyprus Ltd.

CybSafe, the behavioural security platform that’s transforming the way organisations manage human cyber risk, has raised £5.6m ($7.9m) Series A1 funding. It was led by deep tech investors, IQ Capital with participation from Hannover Digital Investments GmbH (HDI Group) and B8 Ventures. The investment comes as a result of the company’s continued momentum, its pioneering use of data and behavioural science and growth of the market opportunity.

ETIQ, a startup that helps financial companies identify and eliminate bias within their algorithms, has raised £585,000 in pre-seed funding. The funding includes equity investment from SFC Capital and grants from Innovate UK, and will be used for R&D to improve the platform as well as to expand the company’s marketing and sales functions.

Rockley Photonics, a leading integrated optics solutions provider, has closed an additional $65m round of growth capital from both new private funds and follow-on existing investor Morningside Ventures. To date, Rockley has raised over $290m of financing to develop its unique silicon photonics platform from recent investors such as Credit Suisse backed SIG-I Capital and Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc.

Slingshot Simulations, a spinout from the University of Leeds which is a global pioneer in the field of ‘digital twin’ technology, has raised a further £1.5m of investment as it prepares to roll out its system to its first commercial customers.

The funding comes from existing investor NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), as well as the government’s Future Fund, and will help the business to scale its operations.

Tech Nation, the scaleup network for entrepreneurs, has launched its inaugural Scale Ratio, which compares the number of seed stage, early growth and late growth companies in the UK’s tech ecosystems.