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

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 […]

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— […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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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