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Cambridge becomes UK’s top regional tech hub

Cambridge tech hub

High levels of venture capital funding and the creation of startups valued at $1bn or more have helped Cambridge become the UK’s top tech hub outside of London, according to government research.

Cambridge is home to startups and scaleups such as GeoSpock, Riverlane, Fetch AI and Healx. It is also where cybersecurity firm Darktrace was founded in 2013. This year, the company went public on the London Stock Exchange in a £1.7bn IPO.

Favourable conditions in Cambridge have helped it become the leading regional tech hub, according to data compiled by Dealroom and job search engine Adzuna for the UK government’s Digital Economy Council.

The research looked at the number of unicorns – startups with a value of $1bn or more – tech job salaries, venture capital rounds and the number of so-called “futurecorns”....