Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 342.935 Million
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Autologyx, a London-based startup that leverages Artificial Intelligence to automate business processes, has raised £1.5 million in a pre-Series A investment round led by Beacon Capital. The round was also backed by Angel CoFund and Richard Hargreaves, which are now going to join the company’s board as non-executive directors. Launched in 2011, Autologyx is a Software as a […]

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Artificial Intelligence in banking and finance could result in instability and unexpected muddles, international organisation Financial Stability Board has warned in a new report. Robotic trading— namely,  the increasingly pervasive use of algorithmic decision-making systems by banks, insurers and asset managers — might have some nasty undersides, and be hijacked by hackers and criminals to purposely manipulate market prices, […]

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AI-powered customer marketing platform Ometria has raised £4.52 million ($6 million) in a Series A round spearheaded by American firm Summit Action, and backed by a syndicate of individual investors from the retail industry (such as Black & Decker’s George Buckley, and Amazon ex-MD Lance Batchelor, among several others.) The London-based company has so far raised £8.3 […]

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Financial documents published on Companies House revealed just how much Alphabet-owned DeepMind spent on Artificial Intelligence research last year. The AI lab—which rose to prominence after its brainchild AlphaGo triumphed against professional Go player Lee Sedol in 2016—spent £104.8 million on “staff costs and other related costs” in 2016. The exact number of DeepMind employees is […]

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Crowdfunding  website Seedrs has hit a valuation of £50 million after running its own crowdfunding campaign , raking in £6 million. That follows a £4 million investment the company raised in September from Woodford Investment Management . According to Seedrs, over 2000 of its users partook in the crowdfunding, with the most active investors hailing […]

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The company that gave London its Oyster card is working on a new technology that might allow us to use our faces as train tickets. According to WIRED UK, San Diego-based Cubic Transportation System is developing a ticketing system relying on facial recognition to speed up payments and reduce queuing times. In particular, Cubic’s new tech would […]

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After Zuckerberg, Gates. Tesla CEO Elon Musk’s crusade to warn the world about the risks and dangers of Artificial Intelligence is not going down particularly well with his fellow techies. In the past Musk had engaged in —rather public— spats with Facebook’s CEO over the hazards posed by robots and AI. Now, Musk’s campaign is being slightly dismissed […]

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US carmaker Tesla is working together with semiconductor giant AMD to develop its own chips for carrying out autonomous driving tasks. The company—whose cars already sport the rather advanced driver assist system Autopilot— is reportedly in the process of testing the purpose-specific processors. Creating its own chips, although on top of AMD tech, will allow Tesla not to […]

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