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

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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Google has bought Limes Audio, a Swedish startup developing technologies to enhance the quality of voice calls, for an undisclosed amount. The deal was announced on Google’s blog on Thursday. In the post, Google Cloud’s Serge Lachapelle explained how the 10-year-old Sweden-based company will crucially contribute to upgrading the audio capabilities of Google Hangouts and Chromebox for Meetings. […]

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London-based startup Monese, an app that helps immigrants and expats open a bank account abroad, has raised over £8 million in a Series A round. The fintech company’s backers included  Anthemis Exponential Ventures , STE capital, and Korea Investment Partners.Previous investors Smartcap and Seecamp also participated in the round. The round brings the total funding secured by […]

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Chinese investment consortium Elegant Jubilee has acquired a 49 percent stake in UK data science company Global Switch for £2.4 billion. The company, which is based in London, is a leader in developing and running large scale, carrier and cloud neutral data centres both in Asia and throughout Europe. Its main shareholder Aldersgate Investment will now […]

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Decision Tech, a London-based firm providing performance and data analytics, has bought electronics recycling comparison site comparemymobile.com for an undisclosed sum. The purchase will bolster Decision Tech’s portfolio— which includes broadbandchoices.co.uk and recently-bought sellmymobile.com. Founded in 2005 and backed by stage VC firm Business Growth Fund, the company claims to be the most popular price comparison service […]

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FoodTech multinational Just Eat has purchased its erstwhile competitor hungryhouse from Delivery Hero for £200 million. The acquisition will be mainly funded through cash and credit facilities, while an additional amount of £40 million could be paid depending on hungryhouse’s performance between the signing and the completion of the transaction. It is understood that the […]

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