Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 343.535 Million
drones

The United States of America are falling behind in the Artificial Intelligence arms race, as China and Russia are striding ahead with the creation of AI-powered weapons, a new report revealed. The study— by data analysis group Govini and ex US Deputy Secretary of Defence Robert Work— flagged up how the American Department of Defence risks losing […]

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New planned regulation might require British drone users to take safety awareness tests in order to fly unmanned vehicles over 250 grams of weight. Drones over 250g—i.e. most professional and recreational drones, apart from the cheapest toy versions—might also be banned altogether from flying near airports or above 121 metres (400 ft) of altitude, with the aim of avoiding collisions with […]

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Prowler.io, a Cambridge-based startup that is building an Artificial Intelligence platform able to make decisions, has raised £10 million ($13 million) in a Series A round from Cambridge Innovation Capital and Atlantic Bridge Capital. Passion Capital, Amadeus Capital Partners and SGInnovate also backed the round. A brainchild of Aleksi Tukiainen,  Dongho Kim and Vishal Chatrath (the latter two […]

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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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The public is not ready to board on self-flying airplanes, a survey by bank UBS revealed. It is widely believed that pilotless planes would be cheaper —some estimates project they would save airlines over $30 billion (£23 bln) a year in fuel, salaries and training— and recent technological advances could make them a reality sooner than expected. […]

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Facebook’s autonomous drone Aquila has successfully completed its second test flight, bringing the Menlo Park company closer to its goal of using unmanned aircraft to provide internet connection to far-flung corners of the world. Solar-powered Aquila carried out its second trial on May 22, almost twelve months after the previous test, and managed to land smoothly— a […]

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Apple’s latest purchase is a Finnish company specialised in mapping indoor spaces. According to Bloomberg, the Cupertino-based tech titan has acquired Indoor.io, in a bid to enhance its mapping app’s accuracy and challenge Google’s increasing dominance in the sector. The value of the deal is still unknown. Indoor.io’s technology, if incorporated in Apple’s devices, would make […]

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