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

Darktrace, the Cambridge-based company applying AI to cybersecurity, has raised  £58 million ($75m) in a Series D round led by Insight Venture Partners, and backed by existing investors Summit Partners, KKR, and TenEleven Ventures. The round brings the company’s valuation up to £640 million ($825m.) The company, a brainchild  of Cambridge researchers, uses machine learning to detect cyberthreats […]

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Oxford University spin-off company Diffblue has raised $22 million  (£16.9 million) in a Series A round led by Goldman Sachs Principal Strategic Investments and backed by Oxford Sciences Innovations  and Oxford Technology and Innovations Fund. Founded in 2016, the company has developed  AI that is able to automate computer programming: according to the company’s description, the system […]

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London-based startup Trint, a service providing voice-to-text transcription co-founded by journalist Jeff Kofman, has secured £2.3 million ($3.1 million) in a “pre-Series A” round led by Hong Kong-based fund Horizons Labs. Belgian investor Lorenz Bogaert, and Netlog founder Toon Coppens also backed the round. Founded in 2014, Trint uses machine learning and voice recognition to […]

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London-based Mogees, the startup behind the smart microphone that uses machine learning to transform any vibration into original music, has raised £850,000 ($1.1 million) in seed funding from a group of investors including former Iglo Group CEO Elio Leoni Sceti, and Hotels4U founder Haim Perry. Mogees is planning to use the fresh injection of cash to roll […]

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ThingTrax, a London-based start-up operating in the Internet of Things space, has raised £250,000 in Seed in a round led by  Technology Venture Capital Investments and backed by AI Seed Fund and FOMCAP. Funded in April 2015, the company has taken part in the Startupbootcamp IoT’s programme; its product helps manufacturers “reduce unplanned downtime, increase operational efficiency, and […]

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Brexit might jeopardise British venture capitalists’ access to a European fund which funnels billions into the industry. According to Business Insider, the European Investment Fund (EIF) has put on hold its contributions to several  VC firms, including Seedcamp, Dawn Capital, Hoxton Ventures and Episode 1 Ventures, which are now on the lookout for new sources of funding. […]

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London-based AI startup Vivacity Labs has secured a £1.6 million funding round from Downing Ventures, Tracsis and the London Co-Investment Fund. Founded in late 2015 by Mark Nicholson, the company is developing AI-powered cameras to make it possible to regulate vehicle traffic in real time— a tool that could speed up the advent of self-driving cars. […]

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Processor manufacturer Graphcore  revealed to have received an investment from multinational computer tech giant Dell, via its venture arm Dell Technologies Capital. Dell had already backed the Bristol-based startup in its £25 million Series A round in October 2016— together with corporate investors Bosch and Samsung and VC firms Amadeus, Foundation, Pitango, Draper Esprit and C4 […]

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