Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 33.510 Million
Investments

Artificial Intelligence, machine learning and robotics are still attracting investors to London despite Brexit fears, a new report reveals. The research, compiled by the founders of London Tech Week, highlights how London-based AI and machine learning companies have been able to secure a whopping £85.75 million in 2016, a twenty-fold increase from 2011’s investment levels. Over […]

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Tenzo, an app using data analysis and machine learning to help restaurateurs run their business efficiently, has raised a £600,000 Seed round backed by Acequia Capital and Force Over Mass, alongside angels Charlie Songhurst, Michael Orland and Getti Restaurants. The company, founded in London in February 2016 by Hummus Bros.’s cofounder Christian Mouysset and engineer Adam Taylor, had previously […]

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Global investments in Insurance technology were overwhelmingly directed to Artificial Intelligence and Internet of Things (IoT) startups as of 2016, a report by consultancy firm Accenture reveals. The survey , called “The Rise of InsurTech”, analysed 450 deals in the so-called InsurTech field—carried out between 2014 and 2016— finding  a 79 percent increase in the number […]

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Gloucestershire-based data analytics startup Ripjar has raised £3.75 million in follow-up  funding from Winston Venture— the VC chapter of data-science-driven investor group Winton. The startup had previously  raised an undisclosed sum from Winton in May 2016, plus £15,000 in Seed funding in 2015. Founded in 2012 by a team of erstwhile GCHQ engineers, Ripjar gleans useful […]

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A London-based startup has launched an online platform to allow companies, media outlets and common users to transform data into visual stories. The company, called Flourish, has already secured £800,000 ($1 million) in funding from British VC firm LocalGlobe and US’s Founder Collective. Flourish was founded in March 2016 by former data journalist Duncan Clark and […]

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London-based VC firm Octopus Ventures has raised a fresh tranche of £120 million to invest in British Artificial Intelligence startups. Founded in 2007, the firm has famously backed some of the UK’s most accomplished AI startups, including Swiftkey, Magic Pony and Evi Technologies— which went on to be acquired by Microsoft, Twitter and Amazon respectively. (Evi’s tech […]

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Internet of Things startup EVRYTHNG has raised  $24.8 million (£20 million) of funding in a Series B round led by Sway Ventures, a San Francisco-based VC firm, and backed by Bloc Ventures and Generation Ventures. Founded in 2011,  London-based EVRYTHNG is a data management platform that enables businesses and consumers to keep track of goods moving through the […]

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London-based AI startup Streetbees has secured  $5.1 million (£4.1million) in a Seed round led by BGF Ventures, and backed by Octopus Ventures and LocalGlobe. Founded in 2015, the company is essentially a worldwide market research platform: it combines Artificial Intelligence, social media mining and geolocation tech to harvest information from consumers and transform it into insights […]

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Alphabet confirmed that it has acquired Kaggle, an online community for data scientists and machine learning researchers. Following rumour about the deal earlier this week, the Mountain View-based tech giant has eventually confirmed the acquisition—although it has so far declined to disclose the financial details of the transaction. Founded in 2010, Kaggle can boast over half […]

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