Compute drives success for UK's deep tech sector
Briefly

The UK's deep tech sector is experiencing rapid growth, with equity investments expected to reach £32 billion by 2024, primarily in computing technologies such as quantum and semiconductor. A recent report indicates a remarkable increase in investment, from £3 million in 2015 to £284 million in 2024, with larger deals becoming more common. Firms in this space are securing significantly more funding, averaging £5.3 million per deal, which emphasizes the capital-intensive nature of computing innovation. The report also stresses the importance of ongoing investments in universities and research to sustain this momentum.
These firms secure, on average, £5.3 million more per deal than their deep tech counterparts, reflecting this field's higher infrastructure, talent and R&D costs.
In 2015, no equity deals in Future of Compute exceeded £10 million, but by 2024, nearly 40% did, marking a shift towards larger investments.
Read at IT Pro
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