Unicorn nest: UK hits milestone of 100 $1bn tech companies, more than rest of Europe combined – CityAM

The UK tech sector has now 100 UK tech companies valued at $1bn or more, according to new data from Dealroom and Tech Nation, shared with City A.M. this weekend.

The UK’s 100th tech unicorn, Tractable, an AI startup building computer vision tools, announced a $60m Series D raise, which takes the company’s valuation to $1bn. 

Tractable joins the likes of travel search engine, Skyscanner, from Scotland, Durham-based challenger bank, Atom Bank, and Cambridge-based Darktrace, who utilise AI to develop cyber security solutions.

Digital Secretary Oliver Dowden told City A.M. today: “Smashing through this milestone cements the UK’s place as one of the world’s top tech hubs.”

Source: Dealroom

This year so far

So far in 2021, 13 UK tech unicorns have already been created, compared to 7 in the whole of 2020, and UK tech unicorn creation has increased by 127% since 2017, when the UK was home to 44 tech unicorns. 

K tech startups have…

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