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

London-based  Arkera, a FinTech company that is applying  Artificial Intelligence technology to personal investment, has raised £4 million in a round led by by XTX Markets and Alan Howard, and also backed by DOCOMO Digital, Henry Ritchotte and a number of other undisclosed investors. The sum, raised all in cash, will be invested in the further development […]

Fintech app Chip, a chatbot that helps users automatically save money from their bank accounts, has secured £1.078 million on crowdfunding platform Crowdcube. Chip is plugged into users’ bank accounts, and leverages an AI system to calculate an ideal amount of money to put aside every day. Customers can also interact with the service through a chatbot app […]

Behavox, a London-based company whose AI software can help financial institutions detect foul play in real time, has raised £15 million ($20 million) in a round led by multinational investment bank Citigroup. The investment brought up the company’s value to around £150 million ($200 million.) The company previously secured an undisclosed Series A round led by […]

  UK Fintech star TransferWise has raised £213 million ($280 million) in a round led by Silicon Valley fund OMGI, which previously invested in Snapchat , Dropbox and Twitter. TransferWise’s previous investors Richard Branson,  Andreessen Horowitz and Baillie Gifford also backed the round. Founded in 2010, the company allows users to transfer money abroad with lower fees. […]

B-Secur, a Belfast-headquartered company working on biometric security solutions, has secured a  £3.5 million investment from various investors, including Accelerated Digital Ventures (ADV) and Kernel Capital. The company—which operates in the UK, US and Ireland, and is also a resident of the SHACK15 space in London— has created and patented various technologies using a person’s unique […]

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 […]

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 […]

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 […]

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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