Originally published on AI Tech Connect.
The number that matters is not $9.6bn The record is real. Data compiled by Tracxn and reported on 10 August 2026 puts UK AI fundraising at $9.6bn for H1 2026 — up 360% on H1 2025 and up 284% on H2 2025. The deal count went the other way. 69 deals in H1 2026, against 74 in H1 2025 and 69 in H2 2025. More money, marginally fewer companies receiving it. Five companies took 84% of it. The five most-funded UK AI companies raised $8.1bn between them. Three named megarounds — Isomorphic Labs' $2.1bn Series B, Nscale's $2bn Series C and Wayve's $1.2bn Series D — account for more than half the half-year on their own. One city took 98%. London raised $9.4bn. Oxford, in second place, raised $103m. Every other UK city combined raised roughly a fiftieth of what London did. The practical read. The pot…
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