Data Science Investment Counter —Funding raised by UK data science companies in 2018.
£ 5.640 Million
Investments

Google announced the second wave of startups selected for their Launch Accelerator program in India on Tuesday. The program is dedicated to support Indian startups that use technologies like artificial intelligence (AI) and machine learning (ML) to provide solutions addressing the nation’s core needs. The ten startups Google selected are based out of cities across […]

Search and language data services company Appen announced today it has signed a definitive agreement to acquire Silicon Valley’s based rival Figure Eight for around $428m. Both firms use crowdsourced labour pools to gather data, which is then used to train artificial intelligence (AI) and machine learning tools. Appen, which has delivered investors a 158 […]

Berlin-based real-time communications analysis and training start-up i2x has secured a €10 million funding round led by UVC Partners and btov Partners, with participation from MS&AD Ventures, Asgard, and HV Holtzbrinck Ventures. Founded just one year ago by ex-StudiVZ boss Michael Brehm to improve the quality of sales and service calls, the company currently employs 40 people and […]

Berlin-based banking start-up Mambu raised €30 million in its latest funding round backed by US-based Bessemer Venture Partners and others, the company revealed on Monday. The funding will allow Mambu to accelerate its growth and further investments in marketing, products, platform and services. The company also plans on expand its fifty-country presence on all continents, and […]

Online food ordering and delivery service Swiggy has acqui-hired Kint.io, a start-up which specialises in applying deep learning and computer vision for object recognition in videos, the company revealed on Monday. The acquisition, which amount has not been disclosed, will aim for Swiggy to increase their artificial intelligence (AI) and machine learning capabilities. Specifically,  The Bengaluru-based AI […]

Tokyo-based financial services giant SBI Holdings is considering an investment in British identity start-up Onfido, The Sunday Telegraph revealed yesterday. According to the paper, this would be the first time for a UK company to receive funding from SBI’s new artificial intelligence (AI) and blockchain division. SBI, which is a spin-off from technology investing powerhouse Softbank Group, has […]

Google has granted Wikipedia an additional $3.1 million investment, as well as given the foundation several of its machine learning tools to use for free, the company announced at the World Economic Forum on Tuesday. Roughly a third of those funds will support current projects at the Wikimedia Foundation, the non-profit behind Wikipedia, and the […]

A new Artificial Intelligence (AI) system can dramatically reduce the time needed to ensure that chest X-rays with critical findings will receive an expert radiologist opinion sooner, according to new research. Developed by scientists from WMG at the University of Warwick and Guy’s and St Thomas’ NHS Hospitals, the new system can cut the average […]

London-based start-up Flexciton has raised £2.5 million in a funding round led by Backed VC, TechCrunch reported today. The company is using AI to help factories optimise production lines, and pitched at EF’s 6th London demo day in 2016. Flexciton AI solutions optimise the way manufacturers plan and schedule “multi-step production lines” and reduce much of the […]

Machine learning company Seldon has secured £2.7m in Seed round led by Amadeus Capital Partners, the company announced on Wednesday. Among other investors are Global Brain Corporation, a large Japanese deep technology venture capital investment firm with global presence in Tokyo, London, Seoul, Singapore and San Francisco, and Techstars, who have been supporting Seldon since […]

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