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UK tech funding roundup: This week’s deals from Encord to Cosine

Tech UK funding
Image credit: Gaussion

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.

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Gaussion – £9.4m

Sector: Energy...