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UK tech funding roundup: This week’s deals from Wayve to Brainomix

Here’s your weekly roundup of UK tech startup funding deals

Funding roundup

This week’s UK tech funding deals include autonomous driving software group Wayve, engineering simulation company BeyondMath and more.

UKTN tracked a whopping £1.08bn worth of UK tech investment this week (23 February to 27 February), an almost 1,000% week-on-week increase across seven funding rounds, carried largely by the enormous Series D round raised by Wayve.

Here’s your weekly roundup of UK tech startup funding deals.

Wayve – £888m

Sector: AI

HQ: London

Round: Series D

Investors: Eclipse, Balderton, SoftBank, Microsoft, NVIDIA, Uber, Mercedes-Benz, Nissan, Ontario Teachers’ Pension Plan, Baillie Gifford, British Business Bank, Icehouse Ventures and Schroders Capital

Founded in 2017, Wayve develops autonomous driving software.

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Allica Bank – £114.7m

Sector: Fintech

HQ: London

Round: Series D

Investors: Ventura Capital, GLG, Sona AM, TCV and Blue Owl...