Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 342.935 Million
ai

The House of Lords’ Select Committee on AI has put out a “call for evidence” on the implications of artificial intelligence— from an economic, ethical, and social point of view. The Committee, which was appointed on 29 June, wants companies and individuals to come forward and provide insights on several questions related to the rise of […]

image-8

Darktrace, the Cambridge-based company applying AI to cybersecurity, has raised  £58 million ($75m) in a Series D round led by Insight Venture Partners, and backed by existing investors Summit Partners, KKR, and TenEleven Ventures. The round brings the company’s valuation up to £640 million ($825m.) The company, a brainchild  of Cambridge researchers, uses machine learning to detect cyberthreats […]

image-5

Facebook’s autonomous drone Aquila has successfully completed its second test flight, bringing the Menlo Park company closer to its goal of using unmanned aircraft to provide internet connection to far-flung corners of the world. Solar-powered Aquila carried out its second trial on May 22, almost twelve months after the previous test, and managed to land smoothly— a […]

image-3

How to stop AIs from going rogue and killing us all? Theoretically, it is all about the guiding principles you instil into them while you build them. That is not so easy, though: teach your AI that it should be toiling to make human beings happy, and you might end up with eight billion people forcibly plugged […]

image

Oxford University spin-off company Diffblue has raised $22 million  (£16.9 million) in a Series A round led by Goldman Sachs Principal Strategic Investments and backed by Oxford Sciences Innovations  and Oxford Technology and Innovations Fund. Founded in 2016, the company has developed  AI that is able to automate computer programming: according to the company’s description, the system […]

Screen Shot 2017-06-27 at 12.01.18

Alphabet-owned DeepMind has struck a deal with  Taunton and Somerset NHS Foundation Trust, which will now start using the AI lab’s healthcare app Streams in Musgrove Park Hospital. The contract follows similar, controversial partnerships with the Imperial College Healthcare NHS Trust and the Royal Free NHS Foundation Trust, which have adopted Streams to spot signs of […]

image-2

Facebook has revealed its approach to removing terrorist-related content, as the social network faces increasing criticism over tackling the bane of extremism on its platform. In a detailed post published on its blog, the company explained its formula to tackle terror-related material, using a blend of human supervision and artificial intelligence. “We want Facebook to be […]

image-2
image
Subscribe to our newsletter