£21m in UK tech investment, the Spring Budget, a crisis at Facebook and more in The Week in Tech


Hello, I’m Emily Spaven and this is The
Week in Tech. We’re filming this episode from the office of UK FinTech firm GoCardless. First up, in UK tech investment news, London-based
AI company LoopMe secured $10m. The firm, which uses AI in brand advertising, received
funds from Impulse VC, Harbert European Growth Capital Fund and existing investors. Garrison Technology Limited closed a £12m
Series A round led by Touchstone Innovations. Touchstone contributed £3.85m, with other
participants in the round including BGF Ventures and NM Capital. Oinky, a London-based savings app, received
$1m in Seed funding. The company also recently received regulatory approval from the Financial
Conduct Authority. Chancellor Phillip Hammond delivered the Spring
Budget, revealing £270m has been earmarked for disruptive tech. The funds will be spent
on R&D involving technologies such as AI and robotics. The government’s 5G Strategy was also revealed.
We’re to get a new national 5G Innovation Network to trial and demonstrate 5G applications. Facebook is to be questioned by MPs over its
failure to remove sexualised images of children. This follows a BBC investigation that found
posts reported under its own guidelines were not being taken down. Our Download of the Week is Rolo. The makers
describe it as “a calendar for people who don’t use calendars”. It has a circular
face, enabling you to see a day, a month or a full year at a glance. You can also see
how how much of your life is dedicated to work and leisure activities. And finally, you can now order pizza via your
shoes thanks to a new gimmick from the folk over at Pizza Hut. Called Pie Tops, the shoes sync via bluetooth
to a mobile device with the company’s app. When a user squeezes the right tongue, it
places an order for whatever style of pizza the wearer has saved in the app. That’s all for this episode of The Week
in Tech, for more technology news, visit our website and follow us on Twitter.

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