Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 258.765 Million
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British drone technology company Sky-Futures has secured a £3.1 million investment from Japanese firm Mitsui & Co. The investment is part of a wider deal, according to which Sky-Futures will now provide Mitsui & Co with drone inspection capabilities in sectors such as energy, marine and infrastructure. Founded in 2009, Sky-Futures is based in London, and also has an office in Texas. […]

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Alphabet-owned DeepMind has struck a deal with  Taunton and Somerset NHS Foundation Trust, which will now start using the AI lab’s healthcare app Streams in Musgrove Park Hospital. The contract follows similar, controversial partnerships with the Imperial College Healthcare NHS Trust and the Royal Free NHS Foundation Trust, which have adopted Streams to spot signs of […]

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ThingTrax, a London-based start-up operating in the Internet of Things space, has raised £250,000 in Seed in a round led by  Technology Venture Capital Investments and backed by AI Seed Fund and FOMCAP. Funded in April 2015, the company has taken part in the Startupbootcamp IoT’s programme; its product helps manufacturers “reduce unplanned downtime, increase operational efficiency, and […]

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The European Commissioner for Competition has fined Facebook £94 million over its 2014 WhatsApp takeover. Margrethe Vestager found that the social network giant gave “incorrect or misleading information” regarding how it intended to use the data owned by the messaging app. When Facebook acquired WhatsApp three years ago, it had officially ensured that there was […]

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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 […]

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Proptech company BrickVest has secured £2 million from angel investors including former Europe managing director of Colony Capital Jean-Romain Lhomme. The London-based company had already raised £800,000 in seed funding in 2015 and a £1 million venture round in April last year, plus an undisclosed amount of venture capital. Founded in 2014, BrickVest is a Europe-wide […]

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US neighbourhood-wide social network Nextdoor has acquired its British counterpart Streetlife in a “multi-million pound” deal, multiple sources report. The purchase follows the launch of Nextdoor in the UK (and in the Netherlands) four months ago. It is understood that Streetlife’s 1,5 million users will be invited to join Nextdoor prior to Streetlife’s eventual shutoff; the […]

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It has happened to a lot of us to get home after a night out with friends, and then spend the rest of the night torturously wondering whether our bezzies made it back safe and sound. Technological solutions to keep track of where our friends are abound, but they tend to show each person’s exact location all […]

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Decision Tech, a London-based firm providing performance and data analytics, has bought electronics recycling comparison site comparemymobile.com for an undisclosed sum. The purchase will bolster Decision Tech’s portfolio— which includes broadbandchoices.co.uk and recently-bought sellmymobile.com. Founded in 2005 and backed by stage VC firm Business Growth Fund, the company claims to be the most popular price comparison service […]

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