The UK tech sector has shown resilience and fought back the tribulations and trials of the pandemic last year. London as capital continues to lead the way as a global tech leader as the homegrown companies raise around billions of fundings combined. According to Tech Nation, VC investment in UK tech firms reached $15 billion (approx £10 billion) last year.
Reaches 100
In the latest development, the UK tech sector has achieved a new milestone – after reaching 100 unicorns. Meaning, the UK tech sector has 100 companies that value more than £1B, according to the report.
Tractable, a London-based AI company that develops artificial intelligence for accident and disaster recovery, becomes the 100th unicorn company after securing funding in the Series D round at a valuation of £1B.
Co-founder and CEO of Tractable, Alex Dalyac said, “We’re proud to be the UK’s latest unicorn and the world’s first computer vision unicorn for financial services.”
First in Europe
Notably, the UK is the first country in Europe to achieve this feat. Now it joins the US and China, which…
