Technology is moving the modern world forward. Many newly-founded tech startups are based on innovation, scalability, and an improved customer experience. These companies focus on implementing advanced technologies to create new products or services that address real-life issues.
What highlights the potential of the tech sector is the surge in the number of unicorn companies—startups valued at one billion dollars or more. The UK ranks as the third country in the world with the highest number of such startups. Currently, there are 25 unicorn companies in the UK, and most of them are located in its capital—London.
So, what are the best London tech startups? This list was developed by Relevant, specialists with senior tech talent and product development expertise, who have successfully built world-class software for more than 200 projects.
Let’s take a closer look!
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Artificial intelligence is continuously growing in popularity. It is an area where startups in the UK show propelling growth. These are the most dominant AI startups in London:
Cleo is a breakthrough in budgeting and finance management. This artificial intelligence startup created a smart assistant to help users manage their finances.
Not only does Cleo provide personalized budget and spending breakdowns for its users, but it also offers budgeting tips and help with bills. What users truly love about Cleo is the assistant’s personality—sometimes it is funny, and sometimes it will roast you for spending too much money on things you don’t need.
Most importantly, Cleo employs world-class security practices so people can track their spending without worrying about data breaches.
Signal AI is an artificial intelligence startup dedicated to transforming the world’s information into accessible, actionable business knowledge.
With so much news published daily, it has become almost impossible to identify the most worthy pieces that provide valuable information and help us make informed decisions. Signal AI uses artificial intelligence to better curate the news for different business sectors.
The AI functions by extracting knowledge from more than five million news articles and other documents and making connections users cannot. Having access to such valuable information can significantly boost our decision-making.
Diffblue developed a unique product that uses an AI engine to automate traditional coding tasks. In other words, this AI startup developed software that can write unit tests for Java developers automatically.
Diffblue recognized the greatest bottleneck for DevOps—software testing. This lengthy process often leads to regressions and lost developer productivity, slowing the team’s development velocity and reducing product quality. Diffblue ensures automation at all phases of the CI and DevOps process and increases the automation of the CI pipeline.
Concured is one of the youngest AI startups in London. However, its achievements in intelligence-powered content generation are astonishing. The company developed a solution that applies advanced artificial intelligence technology to content marketing, creating a platform that leverages AI opportunities to validate content ideas.
Concured’s AI analyzes multiple content sources, generating insights on competitors’ strategies, relevant topics, and factors affecting content performance. This information allows brands to create data-driven content that is consistent and perfectly targeted.
The UK is gradually establishing its position as an incubator for cybersecurity innovations, with more tech companies appearing almost daily. Keep reading to discover the most competent cybersecurity startups in London!
Email is the most common form of communication for employees and companies. More often than not, email users share sensitive information. For that reason, it is necessary to protect that data.
Tessian, one of the most advanced cybersecurity startups in London and worldwide, is dedicated to protecting employees’ emails. The company launched a unique product called Human Layer Security Intelligence in 2020. Tessian provides unparalleled visibility into human risk and automatically prevents security threats while continuously driving employees toward safe email behavior.
Panaseer uses big data technology to develop custom enterprise security solutions. The founders of this cybersecurity startup created an innovative platform that can unify IT and security data, establishing total visibility and automating reporting processes.
The Panaseer platform enables a thorough assessment of risks, threats, and vulnerabilities by applying advanced analytics to security and business data. The organization can develop more effective protection methods by applying large-scale analytics with the assistance of security technologies. The company’s position in the market for high-tech cybersecurity solutions appears to be rather steady.
Many companies are choosing online commerce as their operating method, but with so many threats online, it is essential to keep your business safe and protect your customers. Ravelin’s mission is to provide companies with reliable fraud detection services and make online commerce a safe place to do business.
Ravelin developed a cybersecurity solution that allows companies to target specific fraud issues their business is facing. By combining machine learning, a graph database, a rules engine, and a consortium database, Ravelin transforms online commerce into one of the most reliable ways to do business.
The worldwide fintech sector was valued at $127.66 billion in 2018, with a 25 percent annual growth rate expected through 2022, when it will be worth $309.98 billion. The perspectives of the UK’s fintech startups are similar. The industry is booming and keeps attracting stable investment. Keep reading to find out which fintech startups in London are dominating the industry.
Tide is a fintech and banking company founded to give time to business owners, so they can finally get back to doing what they love the most. Dedicated to supporting small and scaling businesses, Tide provides various business account plans for its users.
Tide’s current account is packed with features designed to save time and money. From auto-categorization to syncing with accountancy software, Tide is establishing itself as one of the leading fintech startups in London.
Revolut is the UK’s fastest-growing financial super app, designed as a digital banking alternative for instant payment notifications. Revolut launched in 2015, offering free international money transfers and global fee-free spending.
This banking platform has dozens of financial products, allowing users all over the globe to complete transactions. From transferring money at excellent exchange rates to giving users access to smart budgeting tools, Revolut is transforming the fintech sector.
Akoni created a cash management system for small and medium-sized enterprises. The solutions provided are based on machine learning and data science, and they provide the best currency rates by continuously monitoring and evaluating the market.
Users love Akoni because the system gives them a single view of all their cash accounts and Akoni savings. In addition, the platform allows users to track, analyze, compare, and effectively manage all their cash deposits from one location.
The robotics space in the UK has progressed over the years, and some exciting startups entered the area, remodeling the traditional processes. These are the most influential robotics startups in London:
Oxbotica is a startup that develops autonomous vehicle software. It addresses the hot issue of developing technology that will enable machines to navigate, understand, and act in their specific environments.
The company also enables machines to explore, understand, and act robustly in their specialized settings. Company engineers are dedicated to creating autonomous vehicle control systems, self-driving vehicles, and fleet management solutions using computer vision and machine learning approaches.
Founded in 2016 by a young farmer, Sam Watson Jones, and entrepreneur Ben Scott-Robinson, the Small Robot Company was established to solve decreasing agricultural yields.
This UK-based firm provides an agri-tech robotic service via its Farming-as-a-Service (FaaS) model. The company offers robotic hardware services that digitize farming activities, such as crop and soil monitoring robots, precision drilling, and planting robots.
Karakuri is a robotics startup in London with a focus on revolutionizing food prep and the restaurant kitchen. The company developed the world’s first fully customizable food preparation system that combines robotics, automation, and machine learning.
The main idea behind Karakuri is to reduce food waste, improve food choice and quality, boost staff well-being, and enable healthier eating. Karakuri is gradually paving the way to a world where freshly-made, healthy food is as convenient as fast food.
The last on our list of robotics startups in London, Automata, was founded in 2015 to make robotics affordable and usable. The company employs the Robotics-as-a-Service (RaaS) business model by integrating robotics into everyday processes and workflows.
The main idea behind Automata is to create automation solutions that remove repetitive tasks from humans so that they can focus on more important ones. They strive to do it at a price most companies can afford.
The worldwide interest in VR is growing stronger with many new companies emerging, and the UK is no exception. Check out the virtual reality startups in London that are set to dominate the industry.
Can you imagine combining virtual reality with therapy? That is what Oxford VR does. The company builds psychological treatments with the help of virtual reality technology to help resolve common therapy issues.
Since its launch in 2016, the company has made significant progress using virtual reality and a cognitive-behavioral therapy method. Patients can learn new ways of thinking and behaving with the help of automated treatments provided by a virtual coach who is tailored to each ailment.
Even though people usually associate VR with gaming, this technology is making significant contributions to the healthcare industry. FundamentalVR developed a leading medical education platform for surgery.
The Fundamental Surgery platform delivers VR haptic “flight simulators,” creating a safe, measurable, and repeatable space for surgeons to refine their skills.
Improbable provides a comprehensive platform for developing virtual and augmented reality apps.
The company developed SpatialOS, which allows simulators and games to create complex, feature-rich virtual landscapes. The platform uses cloud computing to run its services and makes resource provisioning and scaling cost-effective and straightforward.
Blockchain technology in the UK is growing and generates business value. These are the most prominent UK blockchain startups:
Blockchain.com has created an online crypto wallet that allows users to acquire tokens instantly and on the go using a debit or credit card. This platform also provides a variety of cryptocurrency search tools, statistics, and charts.
Blockchain.com managed to establish itself as one of the most popular blockchain startups in London, which allows users to buy securely and store and trade Bitcoin, Ethereum, and other top cryptocurrencies.
Appii is a London-based firm that uses blockchain technology to perform employee background checks and CV verification.
Job searchers can create profiles with verified credentials, highlighting qualifications and other personal information. These credentials are validated in a completely secure manner with businesses and educational institutions.
Everledger is a company that develops technology to improve supply chain transparency around the world.
The business developed a solution that provides an immutable ledger for diamond identification and transaction verification. As Everledger explains, the company’s primary goal is to bring more clarity and confidence to markets where transparency is a strategic requirement.
Startups are disrupting every industry vertical all over the globe. The UK is home to an impressive number of them, which makes a real impact on the economy, revolutionizing the tech world.
Though the market is booming and it’s difficult to identify your way within the tech ecosystem, it might be a good start to consult an expert in technology innovations.
The Relevant team is here to help you out with your needs so that your next great idea really works.