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

Eight tech start-ups have been awarded £15,000 each to work on new technologies to tackle some of London’s most pressing social and environmental issues as part of the Civic Innovation Challenge, the London Gov website announced on Tuesday. The sum has been awarded by the Greater London Authority (GLA) to the start-ups to help to […]

London insurance technology start-up Concirrus today closed a further £5m fundraising effort from tech investor IQ Capital and EOS Venture Partners. The investment, which takes Concirrus total amount raised to date to £12m, comes after the company signed a global deal with Big Four accountancy firm EY last April, injecting machine learning tech into the […]

Fourteen tech start-ups have been shortlisted as part of the Mayor of London’s Civic Innovation Challenge to develop innovative solutions to tackle the capital’s most pressing social and environmental issues. The initiative was launched in June as part of London’s smart city initiative, and it will eventually award seven of these start-ups a grant of […]

Launching a company is no small feat. Running it, though, and hopefully steering it on a successful course, is even harder. While London is close to be the ideal place to be a startup founders, even the best have to come to grips with challenges and work hard to reach important milestones. What are the […]

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 […]

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 […]

London Uber users could be in for a fare hike as the capital’s transport authority is pondering to increase the company’s operating licence from £2.800 to  £2 million over five years. Transport for London (TfL) is reassessing its rules on licensing for minicab operators: right now, every company in London pays the same fee regardless of […]

The UK is about to start a review of the impact of artificial intelligence  on the country’s economy. The review, which is part of Whitehall’s new Digital Strategy, will be carried out by University of Southampton’s computer science professor Wendy Hall, and the CEO of artificial intelligence startup BenevolentAI, Jerome Pesenti. According to WIRED UK, the review will […]

European startups raked in $12 billion in 2016, a figure roughly equal to 2015’s total investment, despite fears that a host of political upheavals might have begotten an annus horribilis.  An article on TechCrunch quotes a report by French investment consultancy Clipperton in partnership Digimind, which tallied investment into startups across the European continent—that includes Russia but excludes Israel. The report […]

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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