Data Science Investment Counter —Funding raised by UK data science companies in 2017 as of today
£ 178.360 Million
fintech

A London-based hedge fund controlling $28.8 billion (£22.5 billion) of assets is looking into machine learning, Business Insider reports. Man GLG, a fund founded in 1995 and now active in eight countries, has inaugurated the new position of “head of machine learning”, who will be in charge of scaling up the company’s machine learning firepower— with particular […]

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What is the impact of an earthquake in Japan on the price of coal in China? How are terrorist attacks affecting the supply chain of petrochemical products? Can we read the world to understand which investments make sense, and which do not? A UK startup born in the halls of Cambridge University is using Artificial […]

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Artificial Intelligence-powered financial advisor Cleo has raised about £560,000 from a group of Angel investors, including Skype’s Niklas Zennström and Zoopla’s Alex Chesterman. Other backers include Errol Damelin, Jason Goodman, Siraj Khaliq, Simon Franks and Wendy and Joe White. The company created an AI assistant that works in concert with Facebook Messenger, Amazon Alexa and Google Home to constantly […]

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London-based Artificial Intelligence startup Cytora has secured £2.4 million in a Series A round led by Parkwalk, and backed by Cambridge Enterprise, iLexIR , and a consortium of angel investors. Founded in 2013 by Andrzej Czapiewski, Aeneas Wiener, Richard Hartley, and Joshua Wallace, the company uses machine learning algorithms to scan the web in real time and detect […]

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Babel Systems, a London-based company that has built a platform to aid traders in processing transactions, has been acquired by Los Angeles-based fintech firm InvestCloud for £16.4 million. Babel was founded in 2008 by serial entrepreneur and finance supremo Steve Wise. The platform’s architecture, which is based on the Spring.NET framework, allows Babel to quickly process bonds, funds and assets, and […]

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London-based startup Monese, an app that helps immigrants and expats open a bank account abroad, has raised over £8 million in a Series A round. The fintech company’s backers included  Anthemis Exponential Ventures , STE capital, and Korea Investment Partners.Previous investors Smartcap and Seecamp also participated in the round. The round brings the total funding secured by […]

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London-based company Expend has launched an investment-raising campaign on Crowdcube as it warms up for a full launch. The nine-employee-strong startup (which is based in the Shack15 co-working space) has created an app that allows businesses to handle company expenses in a much smoother way. Co-founders Johnny Vowles and Rudolph van Graan experienced firsthand the nightmare of […]

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London-based fintech startup ABAKA has closed a £520,000 Seed round spearheaded jointly by Anthemis Exponential Ventures and MMI Holdings’ Exponential Ventures. Founded in January 2016, the savings platform helps employees manage their pension plan through their mobile devices. It employs an Artificial Intelligence advisor that harnesses neural networks to provide tailored advice. The fresh round of funding will […]

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London-based Finimize, a startup aimed at helping young people make sense of finance, has secured £450,000 in a seed funding round led by Passion Capital. Founded in 2015 by Max Rofagha and Scott Tindle, Finimize started off as a newsletter explaining financial news to millennials in a clear and accessible language. The idea was a discrete success, and […]

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