Business & Technology
Helical raises USD $10 million to expand virtual AI lab
Helical has raised USD $10 million in seed funding in a round led by Redalpine.
The London biotech startup will use the money to expand its virtual AI lab across more pharmaceutical programmes and grow its science and engineering team.
Gradient, BoxGroup and Frst also participated, alongside individual investors including Cohere Chief Executive Officer Aidan Gomez, Hugging Face Chief Executive Officer Clement Delangue and footballer Mario Goetze.
Helical pitches its software as an application layer that helps drug researchers use biological foundation models in day-to-day research workflows. The system is designed to let biologists, translational scientists, machine learning engineers and data scientists work from the same data, models and results.
The company was founded in early 2024 by Rick Schneider, Maxime Allard and Mathieu Klop. Schneider previously worked at Amazon and later at Celonis. Allard led data science teams at IBM before starting a PhD in reinforcement learning and robotics. Klop trained as a cardiologist and genomics researcher.
Pharma focus
Helical is already being used by several top-20 global drugmakers, including through a public collaboration with Pfizer on predictive blood-based safety biomarkers.
Its deployments span target identification, biomarker discovery and therapeutic design. Across those projects, teams have shortened discovery timelines from years to weeks and expanded work from single indications into nearby therapeutic areas.
The pitch comes as drugmakers look for ways to improve the productivity of research spending. Industry figures cited by Helical put annual R&D expenditure at more than USD $300 billion, while the average cost of bringing a drug to market exceeds USD $2 billion and more than 90 per cent of candidates entering clinical trials fail.
Interest in AI tools for drug discovery has grown rapidly, but many projects have remained at the pilot stage. One challenge for pharmaceutical companies has been connecting model outputs to scientific decisions that can be repeated, checked and applied across programmes, rather than confined to isolated experiments or notebooks.
Helical argues that this gap between model development and practical use inside research teams has held back broader adoption. Scientists and machine learning teams often work separately, making analyses harder to reproduce and transfer between projects.
“The models alone don’t discover drugs. The system does,” said Rick Schneider, Co-Founder, Helical. “Pharma teams need a system that turns foundation models into workflows scientists can run, validate, and defend. We built Helical to make in-silico science reproducible at pharma scale, so teams can go from hypothesis to decision in days instead of months.”
Investor view
Redalpine said the investment reflects a wider shift in how AI is being used in life sciences, as advances in biological foundation models begin to converge with broader reasoning systems.
“We are at a unique point in time where biological foundation models and general language reasoning models are converging,” said Daniel Graf, General Partner, redalpine. “We backed Helical because we strongly believe they have what it takes to build the pharma AI orchestration platform that will drive this transition from siloed AI models to integrated virtual AI labs.”
Helical’s central claim is that drug discovery teams need more than model predictions. They need a system that records how those predictions were produced, links them to biological evidence and presents them in a form researchers can use to decide what to test next in the lab.
That argument points to a broader challenge in computational biology. Many AI-led discovery efforts have promised faster, cheaper research, but pharmaceutical companies still have to judge which findings are robust enough to support expensive laboratory and clinical work.
The technology is intended to reduce the time needed to move from an initial hypothesis to a decision on whether a programme should proceed. Helical says that process can be cut from months to days when in-silico workflows are set up in a repeatable way.
Like many AI startups in biotech, the company now faces the challenge of turning early deployments into long-term use across large research organisations. Its backers are betting that demand from major drugmakers for more consistent, auditable AI workflows will support that expansion.
Business & Technology
Grove and Wantage fun day boosts cash for community groups
Money raised from the event will go towards helping local people in the OX12 area (Image: Ed Nix)
The free summer extravaganza, held on Saturday, June 13, was jointly organised by Grove Rugby Football Club, the Ray Collins Trust and Grove Scouts, with more than 40 stalls raising money for charities and community causes in Wantage and Grove.
Bands, soloists and choirs performed from midday (Image: Ed Nix)
From midday, bands, choirs and soloists performed as children tucked into a free picnic and parents enjoyed hot barbecue food served by Scouts.
READ MORE: Award-winning RHS Chelsea Flower Show designer from Oxfordshire gets MBE
A giant funfair offered classic attractions such as hook-a-duck, alongside bird of prey displays.
There was lots of dancing and singing at the fun day (Image: Ed Nix)
American Dance School led line dancing and showcases, with further demonstrations in rugby and martial arts.
Live music played from 12pm to 11pm (Image: Ed Nix)
Dog owners could also enter their pets into a show run by National Animal Welfare Trust Berkshire and sponsored by Larkmead Vets.
Business & Technology
Akamai launches AI agent traffic security framework
Akamai has introduced a security framework to manage AI agent traffic, aimed at businesses that need to verify whether automated requests should be allowed to act.
Built into its Bot & Agent Control products, the framework combines identity checks, traffic monitoring and enforcement at the network edge. It targets merchants, publishers and other organisations facing a rise in automated requests from AI agents acting on users’ behalf.
The launch reflects a broader industry focus on whether an AI agent can be tied to an authorised human user and whether its behaviour can be trusted. That question has become more urgent as agents begin to shop, retrieve content and carry out tasks previously completed directly by people in browsers or apps.
Akamai’s model is built around six areas: verified identity, user-linked authentication, trust analysis, edge enforcement, content monetisation and traffic visibility. It is working with several partners to connect those elements.
One part of the framework focuses on agent identity in commercial transactions. Akamai is working with Visa on the Trusted Agent Protocol and with Skyfire and Experian on the Know Your Agent framework, intended to let agents declare identity, origin and intent while linking them to the platforms they use and the users they represent.
The approach is designed to help businesses distinguish between a legitimate AI shopping assistant and a malicious bot that may appear similar when it first connects to a website. It also aims to provide an audit trail for transactions carried out by software acting for a person.
Visa said agent identity will be a basic requirement if automated commerce is to expand.
“Without trusted identity and explicit permissioning, AI agents cannot participate in commerce at scale,” said Rubail Birwadker, Senior Vice President, Head of Growth Products and Partnerships, Visa. “Visa’s Trusted Agent Protocol provides the identity layer that defines how agents are authenticated, authorized, and trusted at the transaction level so businesses and consumers can transact with confidence.”
Experian described the issue as one of transparency and accountability in AI-led interactions.
“AI agents are quickly becoming part of digital commerce, but trust will determine how far and how fast adoption grows,” said Kathleen Peters, Chief Innovation Officer at Experian. “With the Experian Agent Trust framework, we are helping businesses bring more transparency and accountability to AI-driven interactions by verifying identities, assessing risk, and strengthening confidence in every transaction. Our collaboration with Akamai and other ecosystem leaders reflects the industry’s shared commitment to building a secure foundation for agentic commerce that consumers and businesses can trust in real time.”
Skyfire, which is also involved in the identity effort, said commercial use of agents depends on a recognised trust layer.
“AI agents can’t participate in the economy without trusted identity and the ability to transact,” said Amir Sarhangi, Chief Executive Officer and Co-Founder, Skyfire. “Skyfire provides that foundation – enabling agents to authenticate, operate within policy, and access global payment rails. With Akamai, we’re bringing that trust layer to the edge, so enterprises can securely enable trusted agents without re-architecting their existing systems.”
Identity checks
Another element covers the hand-off between a human user and an AI agent. Integrations with identity providers including Auth0 and Ping Identity allow organisations to apply existing checks such as behavioural analysis and multi-factor authentication to the agents their customers use.
The idea is that a company should not rely only on a session or browser signal when an agent is involved. Instead, it should be able to assess who the agent represents, what it is permitted to do and whether its actions match the user’s established profile.
“AI agents introduce a new trust challenge because session-based trust alone is no longer sufficient. Organisations need to understand who they represent, what agents are allowed to do, and how their actions are governed in real time,” said Loren Russon, Vice President, Product Management, Ping Identity. “By combining Ping’s Runtime Identity capabilities with Akamai’s edge enforcement and visibility, enterprises can extend identity and access controls to AI-driven interactions with stronger accountability and oversight.”
Akamai said the framework also moves beyond a simple allow-or-block approach. Its trust analysis layer is intended to assess interactions across browsers, bots and agents on a spectrum, helping organisations decide which requests support commercial goals and which may signal fraud, abuse or operational risk.
Publisher model
For publishers and content owners, the system also addresses how AI agents access and pay for web content. Partnerships with TollBit and Skyfire support models in which access can be negotiated and charged on a pay-per-request basis.
That could give media groups and other content businesses a way to distinguish between ordinary visitors, beneficial agents and scraping activity, while also setting commercial terms for machine-driven access to material on their sites.
The framework is tied to Akamai’s traffic analysis tools, including TrafficPeak, which can provide a view of how human users, useful AI agents and malicious bots interact with websites over time. Security teams and business managers can then use that data to adjust access rules and revenue strategies.
At the infrastructure level, enforcement happens at the edge of Akamai’s distributed network, allowing decisions on incoming requests to be made quickly without shifting checks to a central system.
Patrick Sullivan, Vice President, Chief Technology Officer of Security Strategy, Akamai, said the goal is to give businesses a way to tie identity to decision-making as automated interactions increase.
“AI agents are replacing clicks, acting and handling commerce for us. For that to work, businesses need to recognize not just the agent, but who is behind it and what it’s trying to do,” said Sullivan. “We’ve built this so that identity informs visibility, visibility drives trust, and trust powers the decisions that let companies safely grow and monetize these new AI interactions. We’re giving businesses the confidence to open their doors to AI without compromising security.”
Business & Technology
UK pest control company enters administration after three years
LPPC Environmental Ltd, which operates as Pest Control Aberdeenshire, provides environmentally friendly pest and bird control services for households and businesses across the UK.
The company was founded in April 2023 and has bases in Aberdeen and Bolton.
The Pest Control Aberdeenshire website reads: “We’re passionate about the environment and providing pest control solutions that help wildlife and humans co-exist.
“We’re dedicated to deterring pests naturally, using traditional pest control methods such as hawking and falconry.
“Our pest control methods are both effective and non-toxic, and we always try to use a natural solution to deal with vermin where possible.”
LPPC Environmental Ltd falls into administration
After just three years in business, LPPC Environmental Ltd looks set to shut down after falling into administration.
A petition to wind up the company was presented to the Aberdeen Sheriff Court back in March, according to The Gazette.
The petition requested permission for the company to be “wound up by the Court and to appoint a liquidator”.
An administration order was granted on May 8, while Kevin Mapstone of BTG Begbies Traynor was appointed administrator on June 5.
Other UK companies that have closed or entered administration/liquidation in 2026
It has been a tough year for the UK high street, with several other retailers entering administration and others announcing widespread store closures.
Major high street brands LK Bennett and Claire’s both closed all their stores in April, having previously fallen into administration.
UK fashion retailers Leading Labels and Quiz are also set to close their remaining stores after falling into liquidation.
Other retailers have been forced to close stores this year, including:
Four UK travel companies have closed in 2026:
Luxury UK holiday company Salamander Voyages also shut down back in April after entering administration.
Meanwhile, four UK airlines have fallen into administration or liquidation:
UK delivery company Yodel is set to be phased out over the coming months after being acquired by InPost.
It’s also been reported that Morrisons is looking to sell some of its in-store pharmacies as it continues to cut costs.
It’s not been all bad news for the UK high street, with several major brands announcing new store openings for 2026, including Aldi, M&S, and Superdrug.
Plus-size clothing brand Evans has also returned to the UK high street in 2026 after closing all its stores and concessions in December 2020.
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