Data Science Investment Counter —Funding raised by UK data science companies in 2017.
£ 360.486 Million
ai

AI-fuelled property management platform AskPorter has raised over £500,000 from a number of investors including former LSL Property’s director David Newnes, James Caan CBE, and Fasial Butt. An existing investor, PropTech VC firm Pi Labs also gave its follow-on commitment. Founded in late 2016 by Tom Shrive and Sam Tassell, the company emerged from Pi Labs’ pre-seed accelerator programme. […]

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London-based Artificial Intelligence startup ProFinda has secured a £4.8 million funding round from various investors, including Notion Capital and Nextlaw Ventures. The company uses machine intelligence to analyse companies’ workforce and creating a more efficient organisation chart highlighting each employee’s strengths, skills, connection and behaviours. This, the company says, helps organisations optimise their performance and improve […]

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Berlin-based venture capital firm Fly Ventures has raised £30 million ($41 million) for its first fund, which it plans to invest in early-stage Artificial Intelligence and automation startups in Europe.  The European Investment Fund (EIF), Korelya Capital, and a cluster of family offices chipped in the fund. Founded by Stephan Seyboth, Gabriel Matuschka, and Fredrik Bergenlid— all of whom […]

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Fintech app Chip, a chatbot that helps users automatically save money from their bank accounts, has secured £1.078 million on crowdfunding platform Crowdcube. Chip is plugged into users’ bank accounts, and leverages an AI system to calculate an ideal amount of money to put aside every day. Customers can also interact with the service through a chatbot app […]

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Britain’s Digital Catapult has announced the creation of a a “Machine Intelligence Garage” providing  Artificial Intelligence and machine learning startups access to computing power and specific expertise. The government-backed innovation-boosting organisation revealed the new programme on Thursday, explaining that the garage will be kick-started on 23 January 2018, and run for a period of three […]

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The United States of America are falling behind in the Artificial Intelligence arms race, as China and Russia are striding ahead with the creation of AI-powered weapons, a new report revealed. The study— by data analysis group Govini and ex US Deputy Secretary of Defence Robert Work— flagged up how the American Department of Defence risks losing […]

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London-based AI startup LabGenius, has raised £2.6 million in a Seed round led by Kindred Capital and Acequia Capital, and also backed by Berggruen Holdings Ltd, Backed VC, Beast Ventures and System.One. The round also included Microsoft’s former head of corporate strategy Charlie Songhurst, and angel investor Tom McInerney. Founded in 2012 by James Field and Rhys Algar, […]

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Alphabet-owned fund CapitalG has poured £375 million of additional funding into Lyft, the ride-hailing service that many regard as Uber’s main rival. The tranche comes on top of a £750 million round CapitalG had announced in October. First broke by news website Axios —which spotted a US share authorisation document filed in Delaware—the rumour was later confirmed by Lyft, […]

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Food-delivery app Deliveroo has secured £73 million ($98 million) in a Series F funding round it started raising in September,  and which has so far raked in £385 million. The round was led by T. Rowe Price and Fidelity; DST Global, General Catalyst, Index Ventures, and Accel Partners also took part. Deliveroo is now well into […]

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Artificial Intelligence and driverless technology featured prominently in UK Chancellor of the Exchequer Philip Hammond’s budget speech, in which he announced new investment and tax breaks for technology companies, in the latest bid to shore up the sector ahead of Brexit. Life sciences, immersive technology, 5G, and FinTech were other key fields Hammond mentioned in his […]

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