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The latest funding rounds from the UK tech ecosystem. Updated 16 October 2026.
Announcements
43
Total raised
£236M
disclosed amounts
The funding was secured from the MEIF Proof of Concept and Early Stage Fund alongside the Future Fund and existing backers.
"The ability to continuously monitor and predict corrosion onset will not only change the way industry approaches inspections and maintenance, but it will also reduce risk and save time and money. CorrosionRADAR is leading the way in using advanced digital technologies to respond to this global challenge and will continue to achieve its ambitious growth plans."
The Sheffield-based smart sensors business secured backing from NPIF to scale its operations and product development.
"We are delighted to receive the backing of Mercia and NPIF. Mercia has a great track record in backing innovative tech companies. We are a proud Sheffield business, flying the flag for Northern innovation, cutting edge engineering, and transformational IOT solutions."
Whitehelm Capital backed the smart city operator to scale digital networks and internet of things services across British municipalities.
"With this investment, we can replicate the success we have in building smart communities across the country. It’s how we all want to live by just being smarter."
The follow-on capital will support product development and international distribution for the marine sensor specialist.
"We are delighted that Cyclops has been able to attract this important new funding, which will allow the company to further extend its product range and expand its global distribution network"
Prime Advantage Capital Partners joins the funding round to help the impact sensor developer advance towards early commercialisation.
"Prime Advantage was invited to take part towards the end of the third round raise and was able to secure investment very quickly. Thanks to their efforts, we’re now able to move forward to the exciting commercialisation stage for the technology."
