Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 231.660 Million
Investments

British online property marketplace Zoopla has announced it is going to acquire UK real estate information website Hometrack in a £120 million deal. Founded in 1999, Hometrack provides house price valuations to mortgage lenders, surveyors, investors, and home buyers in Europe and Australia. It claims that, by using an automated valuation model, it churns out over twenty […]

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A California company that combines Virtual Reality and data visualisation has raised $3 million (£2.3 million) in a seed round from unnamed angel investors. Pasadena-based Virtualitics has  harnessed both VR/AR technology and machine learning techniques to create a technology that allows users to  transform large batches of complex data into explorable virtual environments. Information can be rendered in […]

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Rolling coverage of all the investments in British data science and AI companies throughout 2017, the year the UK starts to pull out of the European Union.    Total: £231.66 million raised as of July 2017     27 July 2017 –.Callsign, a platform using AI to provide authentication, has closed a £26.8 million Series A round led by […]

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 […]

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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 […]

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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 […]

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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 […]

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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. […]

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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 […]

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