Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 33.510 Million
ai

Delivery company Hermes has launched a partnership with self-driving buggies startup Starship Technologies to start delivering goods in London. The friendly-looking robots, able to autonomously navigate and deliver up to 10 kg of groceries, are already scurrying around on the pavements of Southwark, a borough in the British capital’s south. The test follows a previous trial Hermes and […]

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Artificial Intelligence, machine learning and robotics are still attracting investors to London despite Brexit fears, a new report reveals. The research, compiled by the founders of London Tech Week, highlights how London-based AI and machine learning companies have been able to secure a whopping £85.75 million in 2016, a twenty-fold increase from 2011’s investment levels. Over […]

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Facebook has announced to be working on a technology that could allow people to type by just thinking about something. The revelation emerged during the social network’s annual F8 conference in San Jose, last Wednesday. According to Recode, Regina Dugan, who is in charge of Facebook’s moonshot factory Building 8, asked,”What if you could type directly from your brain?” […]

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Tenzo, an app using data analysis and machine learning to help restaurateurs run their business efficiently, has raised a £600,000 Seed round backed by Acequia Capital and Force Over Mass, alongside angels Charlie Songhurst, Michael Orland and Getti Restaurants. The company, founded in London in February 2016 by Hummus Bros.’s cofounder Christian Mouysset and engineer Adam Taylor, had previously […]

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DeepMind’s AI-powered Go player AlphaGo will challenge the world champion of the ancient strategy board game during a summit in China later this year. Last year, the Google-owned London-based Artificial Intelligence lab made headlines after AlphaGo’s triumphed over professional player Lee Sedol in a five-game Go match. Now, the AI powerhouse announced a new partnership with China Go […]

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Global investments in Insurance technology were overwhelmingly directed to Artificial Intelligence and Internet of Things (IoT) startups as of 2016, a report by consultancy firm Accenture reveals. The survey , called “The Rise of InsurTech”, analysed 450 deals in the so-called InsurTech field—carried out between 2014 and 2016— finding  a 79 percent increase in the number […]

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PwC has released a report called “Will robots steal our jobs?” It’s not the first report on the subject and it certainly won’t be the last. But coming from the world’s second-largest professional services firm, it deserves attention. (Disclosure: PwC is an occasional client of mine.) As you’d expect, the report offers a thorough and […]

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London-based VC firm Octopus Ventures has raised a fresh tranche of £120 million to invest in British Artificial Intelligence startups. Founded in 2007, the firm has famously backed some of the UK’s most accomplished AI startups, including Swiftkey, Magic Pony and Evi Technologies— which went on to be acquired by Microsoft, Twitter and Amazon respectively. (Evi’s tech […]

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What is the impact of an earthquake in Japan on the price of coal in China? How are terrorist attacks affecting the supply chain of petrochemical products? Can we read the world to understand which investments make sense, and which do not? A UK startup born in the halls of Cambridge University is using Artificial […]

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Alphabet-owned AI powerhouse DeepMind is looking to work with the UK’s National Grid to help Britain radically reduce its energy consumption. Last July, the London-based company employed AI-fuelled optimisation to slash down electricity use at Google’s data centres by 15 percent: after training a neural network to forecast future cooling requirements, it managed to reduce the amount of energy […]

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