London Tech Week Draws 30,000 as City Reclaims Europe’s No. 1 Tech Spot
Updated
Updated · CNBC · Jun 10
London Tech Week Draws 30,000 as City Reclaims Europe’s No. 1 Tech Spot
3 articles · Updated · CNBC · Jun 10
Summary
More than 30,000 people, including 8,250 start-ups and 1,500 investors, gathered as London Tech Week opened on Monday, reviving attention on Britain’s tech sector.
Dealroom data released before the event ranked London the world’s fourth-largest tech ecosystem and back at No. 1 in Europe, helped by $17.7 billion raised last year and 138 unicorns.
Cambridge placed third globally in innovation output relative to population, while Britain’s strengths in AI, fintech and life sciences were highlighted alongside emerging quantum-computing ambitions.
Questions persist over the sector’s reliance on London, Cambridge and Oxford, even as former Prime Minister Rishi Sunak pointed to tech successes in Newcastle and Dundee.
In London, momentum has shifted from the old Silicon Roundabout to King’s Cross, where OpenAI and Anthropic are opening offices near Google DeepMind, Meta, Wayve, ScaleAI and Synthesia.