Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 343.535 Million
Investments

DigitalBridge, a computer vision company that allows consumers to “try on” how home decor would look like in their homes, has closed a £700,000 investment round — and it is now about to launch its platform in partnership with a number of retailers. The new round brought together several private investors, and it was spearheaded […]

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British security company Sophos has bolstered its machine learning capabilities after the acquisition of American malware detection startup Invincea for $100 million (£80m). Further $20 million could be added to the deal depending on first year revenues. Abingdon-based Sophos believes the purchase will help it expand its presence in the  US government, healthcare and financial services sectors. The […]

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US neighbourhood-wide social network Nextdoor has acquired its British counterpart Streetlife in a “multi-million pound” deal, multiple sources report. The purchase follows the launch of Nextdoor in the UK (and in the Netherlands) four months ago. It is understood that Streetlife’s 1,5 million users will be invited to join Nextdoor prior to Streetlife’s eventual shutoff; the […]

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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: £343.535 million raised as of October 2017   27 November 2017 – London-based AI startup LabGenius, has raised £2.6 million in a Seed round led by Kindred Capital and Acequia Capital. Source: […]

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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