Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 280.765 Million
Investments

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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When it comes to smart personal assistant, Facebook is still small fry: in a scene dominated by voice-powered heavyweights such Amazon Alexa and Google Assistant, you might be forgiven for not knowing that the Menlo Park-based company also has its own virtual helper programme. Called M, the Artificial Intelligence bot is built on top of […]

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Callsign, a platform using AI to provide authentication, has closed a £26.8 million Series A round led by Accel and PTB Ventures, and backed by Allegis Capital and NightDragon Security. The company had previously raised a Seed round for an undisclosed amount in September 2016. Founded in 2012, Callsign has created a deep learning platform called […]

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B-Secur, a Belfast-headquartered company working on biometric security solutions, has secured a  £3.5 million investment from various investors, including Accelerated Digital Ventures (ADV) and Kernel Capital. The company—which operates in the UK, US and Ireland, and is also a resident of the SHACK15 space in London— has created and patented various technologies using a person’s unique […]

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British technology companies raked in £1.1 billion ($1.42 billion) in venture capital over the second quarter of 2017—a 23 percent increase from the sum raised in the first quarter (£890 million or $1.15 billion)— according to a report by KPMG Enterprise. The report found that London alone amassed £850 million ($1.1 billion) in VC money. The study, which […]

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SHACK15 resident Sparrho, a platform leveraging Artificial Intelligence to help researchers discover relevant science publications, has raised $3  million (£2.3m) in a pre-Series A round led by White Cloud Capital. It is understood that the fresh round of cash will be used to fuel further product development. The London-based company, founded in 2013 by EF alum […]

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