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

Rolling coverage of investment in British data science and AI companies throughout 2018. (Here a summary of investment in 2017)   Total: 

Berlin-based venture capital firm Fly Ventures has raised £30 million ($41 million) for its first fund, which it plans to invest in early-stage Artificial Intelligence and automation startups in Europe.  The European Investment Fund (EIF), Korelya Capital, and a cluster of family offices chipped in the fund. Founded by Stephan Seyboth, Gabriel Matuschka, and Fredrik Bergenlid— all of whom […]

Fintech app Chip, a chatbot that helps users automatically save money from their bank accounts, has secured £1.078 million on crowdfunding platform Crowdcube. Chip is plugged into users’ bank accounts, and leverages an AI system to calculate an ideal amount of money to put aside every day. Customers can also interact with the service through a chatbot app […]

Pace,  a London-based startups applying machine learning to the hospitality industry has secured £2.5 million in a Seed round led by InterGlobe— which owns India’s larges airline IndiGo. The round was also backed by Seedcamp, Speedinvest and Amadeus Capital Partners . Funded in 2016 by Jens Munch, John-Paul Clarke, and Jason Pinto, the company uses artificial intelligence technology to automate […]

Chattermill, a London-based startup using machine learning to process feedback and extract actionable customer insights, has raised £600,000 in a Seed round backed by Entrepreneur First, Avonmore Developments, and several angel investors, including  Seedrs CEO Jeff Kelisky.   Founded in 2015 by Mikhail Dubov and Dmitry Isupov, the company was part of Entrepreneur First’s Spring 2015 cohort. […]

London-based AI startup LabGenius, has raised £2.6 million in a Seed round led by Kindred Capital and Acequia Capital, and also backed by Berggruen Holdings Ltd, Backed VC, Beast Ventures and System.One. The round also included Microsoft’s former head of corporate strategy Charlie Songhurst, and angel investor Tom McInerney. Founded in 2012 by James Field and Rhys Algar, […]

Alphabet-owned fund CapitalG has poured £375 million of additional funding into Lyft, the ride-hailing service that many regard as Uber’s main rival. The tranche comes on top of a £750 million round CapitalG had announced in October. First broke by news website Axios —which spotted a US share authorisation document filed in Delaware—the rumour was later confirmed by Lyft, […]

Food-delivery app Deliveroo has secured £73 million ($98 million) in a Series F funding round it started raising in September,  and which has so far raked in £385 million. The round was led by T. Rowe Price and Fidelity; DST Global, General Catalyst, Index Ventures, and Accel Partners also took part. Deliveroo is now well into […]

Behavox, a London-based company whose AI software can help financial institutions detect foul play in real time, has raised £15 million ($20 million) in a round led by multinational investment bank Citigroup. The investment brought up the company’s value to around £150 million ($200 million.) The company previously secured an undisclosed Series A round led by […]

Graphcore, a Bristol-based company whose processors could dramatically speed up the training of machine learning systems, is bound to raise £38.2 million ($50 million) in a Series C funding round by Sequoia Capital.  The company is expected to start shipping  its chips, called Intelligence Processing Units (IPU) by early 2018. In October, Graphcore shared new data […]

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