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

Chinese artificial intelligence provider Megvii Inc is reportedly seeking to raise $500 million in a new funding round at a valuation of approximately $3.5 billion, people with knowledge of the matter said. The company is the developer of facial recognition system Face++, and already counts Alibaba as a backer, which invested $327 million in the […]

The UK Government has pledged £780 million to support innovation and new technologies on Friday. The funding will be distributed across eight Catapult centres around the country, focusing on various technologies, including a hybrid manufacturing process that combines 3D printing and computer controlled machining, clean tech and the development of gene therapy techniques to cure […]

Samsung has announced its plan to invest $22 billion (roughly £17 billion) in artificial intelligence (AI), auto components and other future businesses in the next three years. As part of their overall $160 billion (roughly £124 billion) plan, the South Korean tech giant said they will increase the number of researchers they had across its global AI centres in the UK, Canada, […]

Investments in AI, machine learning and robotic process automation (RPA) technology are set to reach $232 billion (roughly £176 billion) by 2025, a new report from KPMG has shown. The study suggests that, although AI technologies currently account for $12.4 billion (around £9.40 billion) of global investment, this number will skyrocket in the next three […]

British technology startups secured more venture capital money from Silicon Valley than companies in any other major European countries,  despite a looming Brexit. Over the last five years, according to London& Partners, UK tech companies bagged more Bay Area investment than France, Germany and Ireland combined. In that period, London technology startups raised $2.5 billion (£1.9 billion); the […]

LoopMe, a London-based digital advertising startup powered by Artificial Intelligence, has raised £8.1 million ($10 million) in a Series A Round led by Impulse VC and Harbert European Growth Capital. Other backers included Holzbrinck Ventures and Open Ocean Capital. Founded in 2012 by Marco Van de Bergh and Stephen Upstone, the company uses AI algorithms to learn […]

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 […]

Rolling coverage of all the investments in British data science and AI companies throughout 2017, the year the UK starts to pull out of the European Union.    Total: £360.486 million raised in 2017     21 December 2017 –Fintech app Chip, a chatbot that helps users automatically save money from their bank accounts, has secured £1.078 million on crowdfunding […]

Snap Inc, the Los Angeles-based company that gave the world the instant videomessaging app Snapchat, is opening its European headquarters in London. In a statement, a Snap spokesperson commented on the new hub’s imminent debut explaining that “the UK’s strong creative industries make this a great place to build a global business.” The company, which is estimated […]

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