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

Facebook’s CEO Mark Zuckerberg announced he does not have any plans to appear before the UK Parliament’s Digital, Culture, Media and Sport Committee to give evidence about the Cambridge Analytica scandal. The snub follows threats of an official summons, and a hearing given by Facebook’s CTO Mike Schroepfer, which the Committee found to be unsatisfactory. Following […]

Britain’s government has earmarked £300 million in funding to invest in Artificial Intelligence research, with the aim of making the UK a global leader in the field. More than fifty companies and organisations rallied behind the plan to develop a £1 billion deal, which was later revealed by   business secretary Greg Clark and digital […]

London-based fintech startup Revolut has raised a staggering £180 million ($250 million) Series C round led by Hong Kong’s DST Global and backed by a number of new and old investors including Index Ventures, and Ribbit Capital. The company offers a range of digital banking services and it is also popular among cryptocurrency traders. Founded by Russian […]

Benevolent AI, the London-based company working on developing new drugs and treatments by harnessing artificial intelligence, has raised £82 million ($115 million) from a number of investors; the company is now valued at around £1.4 billion (or $2 billion.) Most of the cash reportedly came from undisclosed US investors , but the balance of raised […]

London-based  Arkera, a FinTech company that is applying  Artificial Intelligence technology to personal investment, has raised £4 million in a round led by by XTX Markets and Alan Howard, and also backed by DOCOMO Digital, Henry Ritchotte and a number of other undisclosed investors. The sum, raised all in cash, will be invested in the further development […]

  Crowd-intelligence platform Streetbees has secured £8.6 million in a Series A funding round led by British Venture Capital firm Atomico. The round was also backed by Streetbees’s  previous investors LocalGlobe, Octopus and BGF Ventures. The London-based company uses mobile geolocation and social media to collect feedback and trends about brands and businesses from a crowd of users (“bees”) the […]

The British government has contracted London-based company ASI Data Science to build an AI-powered tool able to spot and block Isis propaganda online. The government suggested that— since the technology now exists— Internet platforms might  be forced by law to adopt the new anti-extremism feature in the future. While larger companies such as Alphabet-owned Google (which […]

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. […]

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 […]

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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