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

Durham-based fintech startup Atom Bank has raised a whopping £149 million ($206 million) funding round, led by Spanish bank BBVA. Atom Bank is a mobile-only bank—accessible online or through Android and iOS smartphone apps— catering to young consumers (18-34 year-old). It was founded in 2014 by Anthony Thomson, but was launched in earnest only in April […]


Cambridge-based company GeoSpock , a startup providing data analysis, insights, and predictions, has raised £4.8 million ($6.6 million) in a Series A round led by Cambridge Innovation Capital,  and also backed by Parkwalk advisors, Sir Micheal Marshall, Global Brain and 31 Ventures. So far, the company has raised about £10 million. Founded in 2013, the platform caters […]


Artificial Intelligence company Status Today has raised £2.8 million ($3.91 million) in a Seed round led by Saul Klein’s Local Globe , and backed by Firstminute Capital and Notion Capital. The company combines data and AI analysis to allow companies to keep track of how  their employees behave  in real time. “We are in the […]


Factmata, a London-based company working on machine learning technology able to counter  fake news online, has raised £700,000 ($1 million) in seed from a number of investors— although it has not released its product yet. The round was backed by high-profile personalities  such as Twitter cofounder Biz Stone and freedom of information activist  Craig Newmark. Past investors […]


Anorak Technologies, an AI-fuelled InsurTech startup, has raised a £4 million Seed funding round from Kamet Ventures, an  incubator backed by insurance giant AXA. Founded in 2017 by  David Vanek and Vincent Durnez, London-based Anorak harnesses  data science and machine learning to collect information about a user’s family, home, and income— and then suggest them the most appropriate type of insurance cover. Anorak’s system can allegedly scan and […]


AI-fuelled property management platform AskPorter has raised over £500,000 from a number of investors including former LSL Property’s director David Newnes, James Caan CBE, and Fasial Butt. An existing investor, PropTech VC firm Pi Labs also gave its follow-on commitment. Founded in late 2016 by Tom Shrive and Sam Tassell, the company emerged from Pi Labs’ pre-seed accelerator programme. […]


London-based startup Anon AI has raised £340,000 in pre-Seed funding from the University College of London’s  Technology Fund, besides the London Co-Invested Fund, AI Seed, and Ascension Ventures. Founded in 2017, the company is using machine learning to create software able to deliver automatic data anonymisation, thus helping developers and data scientists to share data in a […]

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Google has acquired Redux, a Cambridge-based startup whose technology can transform surfaces such as phone displays into speakers. Redux’s invention—backed up by 178 patents— could be used to remove small speakers from smartphones, making up space for bigger batteries or other phone parts. The company had previously raised £3.7 million, in March 2017, from investors including  Arie […]


London-based Artificial Intelligence startup ProFinda has secured a £4.8 million funding round from various investors, including Notion Capital and Nextlaw Ventures. The company uses machine intelligence to analyse companies’ workforce and creating a more efficient organisation chart highlighting each employee’s strengths, skills, connection and behaviours. This, the company says, helps organisations optimise their performance and improve […]


Let’s take stock of 2017. According to SHACK15 News’ investment counter, over the last twelve months Britain’s data science and Artificial Intelligence companies raised £360.486 million in funding. Money poured into AI and data science businesses made up about nine percent of total investment in British technology companies in 2017 — which, according to UKTN’s calculations, was slightly over £4.1 billion. […]

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