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

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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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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Robots threaten to steal almost fifty percent of Scottish jobs in about a decade, a new report suggests. According to the Institute for Public Policy Research (IPPR )Scotland, 1.2 million jobs —about 46 percent of the country’s total— are likely to be automated by 2030. The think tank recommended that adult workers go through more training and […]

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PwC has released a report called “Will robots steal our jobs?” It’s not the first report on the subject and it certainly won’t be the last. But coming from the world’s second-largest professional services firm, it deserves attention. (Disclosure: PwC is an occasional client of mine.) As you’d expect, the report offers a thorough and […]

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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 […]

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Researchers in Japan have built a humanoid robot that sweats to cool down. A team from the University of Tokyo unveiled  Kengoro— a  1.7-metre tall, 57-kg robot able to do push-ups thanks to a complex system of motors. Since its compact structure had no room for usual cooling systems —such as cooling coils or fans— the scientists decided […]

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British MPs have demanded that the government come to grips with the rise of Artificial Intelligence, whose impact on society and jobs is poised to be too relevant not to deal with. A parliamentary report from Westminster’s Science and Technology Committee calls for the creation of a government-backed commission assessing the consequences of AI, and in […]

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