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

Callsign, a platform using AI to provide authentication, has closed a £26.8 million Series A round led by Accel and PTB Ventures, and backed by Allegis Capital and NightDragon Security. The company had previously raised a Seed round for an undisclosed amount in September 2016. Founded in 2012, Callsign has created a deep learning platform called […]

Apple has inaugurated an online journal where its engineers can publish their research on machine learning. “Here, you can read posts written by Apple engineers about their work using machine learning technologies to help build innovative products for millions of people around the world,” the new website’s homepage reads. The first featured study  had already been partially […]

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 […]

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 […]

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 […]

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 […]

An Australian start-up has unveiled an Artificial Intelligence-powered earphone able to instantly translate conversations in eight languages, WIRED reports. Speaking at the United Nations’ AI for Good Summit in Geneva, Sydney-based Lingmo International announced that the earpiece— called Translate One2One— would be available for purchase starting in July, for the relatively affordable price of $179  (£140.) The device does not need […]

Apple CEO Tim Cook has detailed the company’s plans to enter the self-driving car sector, Bloomberg revealed. The rumour has been circulating for a while that the iPhone maker’s next big project would involved driverless vehicles, but the company’s management had so far been peculiarly cagey about the feat. Late last year, it emerged that when Apple kicked-started the […]

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