Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 258.765 Million
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London-based startup ComplyAdvantage, which uses machine learning to help financial institution adhere to anti-money laundering regulation, has raised $8.2 million in a Series A Round led by Balderton Capital. The company, founded  by Charles Delingpole in 2014  and  currently strong with 50 employees, is planning to use the funds to expand its operations across Europe and […]

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British MPs have demanded that the government come to grips with the rise of Artificial Intelligence, whose impact on society and jobs is poised to be too relevant not to deal with. A parliamentary report from Westminster’s Science and Technology Committee calls for the creation of a government-backed commission assessing the consequences of AI, and in […]

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Chinese investors have poured several million pounds into London accelerator Founders Factory to help foster AI companies in Europe and China. State-backed private equity fund CSC — which manages about $12 billion and injected $400 million in Angelist last year— teamed up with the accelerator-cum-incubator helmed by Brent Hoberman, Henry Lane Fox and Jim Meyerle to hire 60 […]

Alphabet is the clear frontrunner in the race to create human-like Artificial Intelligence,  Oxford scholar Nick Bostrom said. The Swedish-born philosopher has established himself as an authority in researching  Artificial General Intelligence (AGI) and its possible impact on human civilisation— a topic he explored at length in his 2014 bestseller “Superintelligence.” On Wednesday, Bostrom was taking part in London IP Expo […]

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South Korean mobile colossus Samsung announced the acquisition of  Viv, a personal assistant startup founded by three of the inventors of Apple’s Siri. Silicon Valley-based Viv was launched in 2011 by Dag Kittlaus, Adam Cheyer and Chris Brigham, who had previously helped bringing about the iconic virtual servant dwelling in every iPhone. The financial terms of the […]

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Healthcare startup Healx has concluded a series A round from Amadeus Capital and healthcare entrepreneur Jonathan Milner, raising about £1.5 million ($1.9m) in total. The Cambridge-based company uses machine learning, genomics and data analytics to discover if known drugs can be repurposed to treat rare diseases. About 8,000 rare conditions—often linked to genetic features—  affect some 350 […]

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Aire, a London-based startup using Artificial Intelligence to create credit scores, has raised $2 million (£1.5m) in a new funding round led by White Star Capital. Early-stage VC firms Sunstone Capital and Accion Venture Lab also contributed to the round. The fintech startup was founded in 2014  by  Aneesh Varma, Jon Bundy and Srini Sundaram— with the […]

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E-commerce has a problem: it does not listen to its customers. When it started gaining momentum, in the 1990s, the great promise of online shopping was to give you more stuff, and at a cheaper price. Customer care was sacrificed on the altar of quickness and effectiveness. But as they take up an ever-increasing share […]

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For scientists, keeping up with the latest research is essential. But scouring through academic journals every day in search of relevant articles can be extremely time-consuming, while search engines like Google Scholar will just not cut the mustard. Articles on Google’s academic version are shown on the basis of the number of citations they rake […]

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This time last summer, I was immersed in the world of life science and healthcare startups, and the term ‘precision medicine’ was on everyone’s mind, though not so much AI, machine learning, or deep learning. The meteoric rise of the CRISPR gene-editing technology, which allowed researchers to carry out complex genetic experiments at an unprecedented […]

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