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

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, […]

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, […]

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 […]

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 […]

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 […]

  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, […]

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, […]

  DeepMind has announced that the latest version of its Go-playing artificial intelligence has learnt to excel at the board game without help from humans. Alphabet-owned (but London-based) AI lab DeepMind hit the headlines last year when its programme AlphaGo defeated top-class Go player Lee Sedol; since then , the AI has repeatedly triumphed over some […]

UK charity Privacy International has revealed that British intelligence services are harvesting and storing the personal information of millions of social media users—and sharing it with foreign governments, police forces and companies. The documents obtained by the advocacy group also highlighted that the IPCO — a governmental  body overseeing the actions of intelligence agencies— had not been informed […]

Meltwater CEO Jorn Lyseggen thinks that companies should stop navel-gazing over their lagging internal  data —from last year’s financials, to last quarter’s sales figures— and extend their gaze outside, gathering data with the potential to reveal key information about their competitors, their customers, and the market’s general direction. That is essentially the central thesis of […]

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