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

Alphabet-owned AI powerhouse DeepMind is looking to work with the UK’s National Grid to help Britain radically reduce its energy consumption. Last July, the London-based company employed AI-fuelled optimisation to slash down electricity use at Google’s data centres by 15 percent: after training a neural network to forecast future cooling requirements, it managed to reduce the amount of energy […]

London-based AI startup Streetbees has secured  $5.1 million (£4.1million) in a Seed round led by BGF Ventures, and backed by Octopus Ventures and LocalGlobe. Founded in 2015, the company is essentially a worldwide market research platform: it combines Artificial Intelligence, social media mining and geolocation tech to harvest information from consumers and transform it into insights […]

Alphabet confirmed that it has acquired Kaggle, an online community for data scientists and machine learning researchers. Following rumour about the deal earlier this week, the Mountain View-based tech giant has eventually confirmed the acquisition—although it has so far declined to disclose the financial details of the transaction. Founded in 2010, Kaggle can boast over half […]

LoopMe, a London-based digital advertising startup powered by Artificial Intelligence, has raised £8.1 million ($10 million) in a Series A Round led by Impulse VC and Harbert European Growth Capital. Other backers included Holzbrinck Ventures and Open Ocean Capital. Founded in 2012 by Marco Van de Bergh and Stephen Upstone, the company uses AI algorithms to learn […]

AI no longer belongs to the realm of science fiction. From voice recognition to self driving cars and medical diagnosis, ‘artificial intelligence’ has, in just the last few years, woven its way into our lives at work and at home. Part of this step change is due to the evolution of AI from the domain […]

The UK is about to start a review of the impact of artificial intelligence  on the country’s economy. The review, which is part of Whitehall’s new Digital Strategy, will be carried out by University of Southampton’s computer science professor Wendy Hall, and the CEO of artificial intelligence startup BenevolentAI, Jerome Pesenti. According to WIRED UK, the review will […]

European MPs called for the creation of new rules on robotics and artificial intelligence in order to guarantee safety and respect of “human dignity.” In a resolution passed on Thursday by 396 votes to 123, the European Parliament asked the Commission—the Union’s governing body— to take the lead on implementing robotics regulation, and set up […]

A US Artificial Intelligence startup has exited stealth mode and it is now on a quest to challenge the dominant AI paradigm. Boston-based Gamalon has created AI tech that does away with machine learning, embracing a technique known as Bayesian program synthesis. This makes it possible to build AI systems able to learn new concepts by being shown relatively few examples. Machine learning […]

Cloud computing and customer relationship management company Salesforce has inaugurated a new CRM platform fuelled by advanced Artificial Intelligence. The service will combine Salesforce’s homebrewed AI technology Einstein with its Service Cloud tools , but it is understood that the company is poised to add AI capabilities to other services over time. Einstein is designed to […]

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