Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 258.765 Million
Investments

Two technology giants are poised to invest in rival ride-hailing companies, according to press reports. Japanese Internet colossus Softbank is allegedly mulling over a whopping $10 billion investment in Uber, while Alphabet (erstwhile Google)—which is currently embroiled in a court battle with Uber over self-driving car technology— could pour almost $1 billion in Lyft. According to The Wall […]

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Startup factory Entrepreneur First has secured £9.4 million ($12.4 million) from a string of backers led by Silicon Valley VC firm Greylock Partners, and including the cofounders of Alphabet-owned AI powerhouse DeepMind. Founded by Matt Clifford and Alice Bentinck in 2011, and based in London and Singapore, EF is pioneering a new type of technology […]

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FiveAI, a British company working on self-driving cars, has raised £14 million in a Series A round led by Lakestar Capital and backed by Amadeus Capital Partners, Notion Capital and Kindred. The Cambridge-based startup—which also has offices in Oxford, Bristol, and Edinburgh —was founded in 2015 by Ben Peters, Stan Boland, Steve Allpress,  and John Redford. It focuses […]

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Prowler.io, a Cambridge-based startup that is building an Artificial Intelligence platform able to make decisions, has raised £10 million ($13 million) in a Series A round from Cambridge Innovation Capital and Atlantic Bridge Capital. Passion Capital, Amadeus Capital Partners and SGInnovate also backed the round. A brainchild of Aleksi Tukiainen,  Dongho Kim and Vishal Chatrath (the latter two […]

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London-based AI startup SentiSum has raised  £540,000 in a Seed round from a number of investors including Angels in the City and a group of investors from angel investor network LBA. Ascension Ventures, 500 Startups and London Co-Investment Fund also partook in the round. Founded in 2015 by Oleksander Bondarev and Sharad Khandelwal, the company has […]

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British drone technology company Sky-Futures has secured a £3.1 million investment from Japanese firm Mitsui & Co. The investment is part of a wider deal, according to which Sky-Futures will now provide Mitsui & Co with drone inspection capabilities in sectors such as energy, marine and infrastructure. Founded in 2009, Sky-Futures is based in London, and also has an office in Texas. […]

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Sherpa, a UK-based startup that uses Artificial Intelligence to provide price comparison for insurance products, has raised £1.79 million ($2.3 million) in Seed from InsurTech.VC, alongside several angel investors. The company leverages the power of AI to build a tailored risk profile for each user, and keep them updated regarding changes in risk and in the cost […]

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Grid Edge, a startup aiming at improving energy efficiency by means of Artificial Intelligence, has raised  £200,000 in Seed from Ignite, a fund focused on energy companies. Based in Birmingham and founded by Aston University’s researchers Tom Anderson, Jim Scott and Dan Wright, Grid Edge has developed smart software able to monitor a building’s energy usage, and optimise its consumptions […]

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Google Brain founder Andrew Ng— who in March left the position of Chief data scientists at Chinese web giant Baidu— is working on a $150 million (£116 million) venture capital fund. The news, spotted by PEHub, suggests that machine learning leading light Ng—who also co-founded online educational platform Coursera, where he is currently offering deep learning e-classes— […]

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Welsh company Academy of Robotics has gathered £292,930 in crowdfunding to develop its self-driving vehicle Kar-Go. The company, based in Aberystwyth, has conceived an AI-powered pod that would use a blend of machine vision, sensors and offline map analysis to autonomously deliver packages in residential areas. Founded in 2015 by William Sachiti,  Academy of Robotics got its […]

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