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

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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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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Are we getting closer to the much-fabled intelligence explosion? Google researchers have created an artificial intelligence able to design and build other AIs; the news now is that this AI’s first “child” is better at recognising images than any smart system humans have ever made. Cue the shrieks of terror from journalists, commenters and sundry AI-doomsayers, […]

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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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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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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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  Chinese face-recognition technology company Megvii has raised £350 million from a group of investors, including Alibaba founder Jack Ma’s Ant Financial and state-backed Chinese funds, Bloomberg reports. Existing investor Foxconn Technology Group—a Taiwanese electronics manufacturer that counts Apple among its customers—also partook in the round. The company had already secured backing from the Russia-China Investment fund, […]

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