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

Artificial Intelligence-powered financial advisor Cleo has raised about £560,000 from a group of Angel investors, including Skype’s Niklas Zennström and Zoopla’s Alex Chesterman. Other backers include Errol Damelin, Jason Goodman, Siraj Khaliq, Simon Franks and Wendy and Joe White. The company created an AI assistant that works in concert with Facebook Messenger, Amazon Alexa and Google Home to constantly […]

European startups raked in $12 billion in 2016, a figure roughly equal to 2015’s total investment, despite fears that a host of political upheavals might have begotten an annus horribilis.  An article on TechCrunch quotes a report by French investment consultancy Clipperton in partnership Digimind, which tallied investment into startups across the European continent—that includes Russia but excludes Israel. The report […]

Bought By Many, a London-based startup helping people from niche groups get insurance at convenient rates, has raised £7.5 million in a Series A round. The funding tranche was led by Octopus Ventures and included Munich Re/ HSB Ventures and others. The round more than doubles the company’s previous total fundraising of £5m . Founded in 2012, Bought By […]

London-based Artificial Intelligence startup Cytora has secured £2.4 million in a Series A round led by Parkwalk, and backed by Cambridge Enterprise, iLexIR , and a consortium of angel investors. Founded in 2013 by Andrzej Czapiewski, Aeneas Wiener, Richard Hartley, and Joshua Wallace, the company uses machine learning algorithms to scan the web in real time and detect […]

Amazon has bought Silicon Valley startup harvest.ai, beefing up both its security skills and its artificial intelligence capabilities in the same breath. According to TechCrunch, who quotes an unnamed “tipster”, the tech giant acquired the company  for $20 million, a whopping amount for a startup that had so far only raised about $2.3 million altogether. […]

Babel Systems, a London-based company that has built a platform to aid traders in processing transactions, has been acquired by Los Angeles-based fintech firm InvestCloud for £16.4 million. Babel was founded in 2008 by serial entrepreneur and finance supremo Steve Wise. The platform’s architecture, which is based on the Spring.NET framework, allows Babel to quickly process bonds, funds and assets, and […]

Google has bought Limes Audio, a Swedish startup developing technologies to enhance the quality of voice calls, for an undisclosed amount. The deal was announced on Google’s blog on Thursday. In the post, Google Cloud’s Serge Lachapelle explained how the 10-year-old Sweden-based company will crucially contribute to upgrading the audio capabilities of Google Hangouts and Chromebox for Meetings. […]

London-based startup Monese, an app that helps immigrants and expats open a bank account abroad, has raised over £8 million in a Series A round. The fintech company’s backers included  Anthemis Exponential Ventures , STE capital, and Korea Investment Partners.Previous investors Smartcap and Seecamp also participated in the round. The round brings the total funding secured by […]

Chinese investment consortium Elegant Jubilee has acquired a 49 percent stake in UK data science company Global Switch for £2.4 billion. The company, which is based in London, is a leader in developing and running large scale, carrier and cloud neutral data centres both in Asia and throughout Europe. Its main shareholder Aldersgate Investment will now […]

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