July 2024 Newsletter

As I write this, we are getting deeper into the European Championships. If you're not a football fan and want some respite, the podcast is the perfect distraction. If you're a football fan supporting England, then the podcast is the perfect distraction! 😴

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On to June's Cambridge Tech News.

Deals

• Raspberry Pi IPO'd on the London stock market with a valuation of £541.6m – way ahead of expectations. Listen to episode 10 for our interview with Raspberry Pi CEO Eben Upton .
• Octopus Ventures and redalpine have co-led a $13 million seed funding round in Cambridge biotech ExpressionEdits . The company’s proprietary intronization technology revolutionises gene design by mimicking the natural genetic landscape.
• DeepTech venture builder, Cambridge Future Tech , has closed its latest round, raising $5m. Since its launch in 2022, CFT has co-created 10 DeepTech ventures across the UK with several more currently in the build phase. Check out episode 75 for our interview with Cambridge Future Tech CEO, Owen Thompson .
• Texas Medical Center , in partnership with Innovate UK , has announced that Heartfelt Technologies Ltd is one of 16 companies to be joining the second cohort of the Innovate UK & TMC Innovation accelerator program. The programme is designed to help innovative companies grow and scale their US strategy and market plan, and you can tune in to episode 62 to find out more about Heartfelt Technologies' expansion plans.
• Fuse Diagnostics completed an oversubscribed seed round – raising a total of £1.6 million from a syndicate of angel investors alongside Innovate UK.
• Cambridge battery materials pioneer Echion Technologies is on the road to global expansion after raising £29 million in a Series B round. The company develops niobium-based, fast-charging battery materials.
• Cambridge Cognition raises £2.6m in funding. Cambridge Cognition specialises in CNS clinical trial solutions, a growing area of investment for the pharma industry.
• Wave Photonics has received £4.5m in funding to continue its development of on-chip photonics designs.
• DeepForm , a University of Cambridge spin-out, recently secured £2 million in seed funding. DeepForm help automobile manufacturers to cut waste by over 75%.
• HutanBio announced they have raised an additional £3m. Listen to our interview with CEO  Paul Beastall in episode 81. They are working on a new biofuel for heavy transport.

Activity

• Attendance levels for the 2024 Cambridge Wide Open Week on Wednesday June 12 were double the numbers at last year’s inaugural event. Listen to episode 87 to learn all about Cambridge Wide Open Day.
• Cambridge Science Centre announced their new home in Cambridge Science Park . Listen to episode 91 to discover more about CSC.

Data

• According to new research from BusinessFinanced.co.uk, Cambridge is the best place in the UK for AI startups. The rankings are based on a detailed evaluation of AI-related job vacancies, the number of AI-related businesses, online search volume for AI-related terms, and the 5-year business survival rate. Bristol comes in second and Reading third in the rankings. Besides Cambridge, other East of England locations don’t fare badly with Milton Keynes (12th) and Chelmsford (13th), also making the top 20.

We published five new episodes of the podcast in June, the recaps of which are below in case you missed anything of interest. If you are enjoying the podcast, subscribe, spread the word, and please give us a rating on your favourite podcasting app - ratings give us precious algorithm juice!

Thanks,

Faye & James

cambridgetechpodcast.com | info@cambridgetechpodcast.com

June 2nd, Episode 90: Entrepreneurship, Investing, and DEI, with Hanadi Jabado

This week, we chat with Hanadi Jabado DL , Cambridge entrepreneurship legend and co-founder of Sana Capital .

Listen Now

June 9th, Episode 91: Starting STEM from toddler to adult with Cambridge Science Centre

Cambridge Science Centre opens its new location to connect everyone with science. We speak to CEO John Bull and trustee Amy Weatherup to learn all about it.

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June 16th, Episode 92: SMA with Cambridge Mechatronics Ben Brown

We talk to Ben Brown n CTO at Cambridge Mechatronics Ltd and their move from ‘hidden gem’ to a list of patents that would rival Arm & Rolls Royce.

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June 23rd, Episode 93: Streamlining analytical processes in biomanufacturing with Abselion

This week, we learn from founder Ruizhi Wang how his business grew from research in the lab, went through a complete pivot, leading to Abselion being founded.

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June 30th, Episode 94: Launching in space with Marco Gomes-Jenkins, SuperSharp

Marco Gomez-Jenkins , Co-Founder and CEO of SuperSharp p tells us about their infrared Earth-imaging unfolding space telescopes and more!

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