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

Britain’s Digital Catapult has announced the creation of a a “Machine Intelligence Garage” providing  Artificial Intelligence and machine learning startups access to computing power and specific expertise. The government-backed innovation-boosting organisation revealed the new programme on Thursday, explaining that the garage will be kick-started on 23 January 2018, and run for a period of three […]

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Graphcore, a Bristol-based company whose processors could dramatically speed up the training of machine learning systems, is bound to raise £38.2 million ($50 million) in a Series C funding round by Sequoia Capital.  The company is expected to start shipping  its chips, called Intelligence Processing Units (IPU) by early 2018. In October, Graphcore shared new data […]

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Autologyx, a London-based startup that leverages Artificial Intelligence to automate business processes, has raised £1.5 million in a pre-Series A investment round led by Beacon Capital. The round was also backed by Angel CoFund and Richard Hargreaves, which are now going to join the company’s board as non-executive directors. Launched in 2011, Autologyx is a Software as a […]

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Artificial Intelligence in banking and finance could result in instability and unexpected muddles, international organisation Financial Stability Board has warned in a new report. Robotic trading— namely,  the increasingly pervasive use of algorithmic decision-making systems by banks, insurers and asset managers — might have some nasty undersides, and be hijacked by hackers and criminals to purposely manipulate market prices, […]

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London-based company Onfido is on a quest to help anyone prove who they are. It sounds easy, but it is in fact a task of gargantuan proportions. When a person needs to demonstrate their identity—for instance, when opening a bank account— that usually involves a trip to a physical location and a face-to-face verification from a clerk glancing at their ID […]

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London-based Artificial Intelligence startup Genus AI has raised £750,000 in a Seed funding round led by early-stage investment fund Picus Capital. The round was also backed by Angelist’s Andy Chung; Charlie Songhurst, who had previously invested in identity verification company Onfido; and Matt Robinson, who launched GoCardless and Nested. Tadas Jucikas, Brent Clickard, and Tobias Kloepper founded the […]

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Meltwater CEO Jorn Lyseggen thinks that companies should stop navel-gazing over their lagging internal  data —from last year’s financials, to last quarter’s sales figures— and extend their gaze outside, gathering data with the potential to reveal key information about their competitors, their customers, and the market’s general direction. That is essentially the central thesis of […]

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AI-powered customer marketing platform Ometria has raised £4.52 million ($6 million) in a Series A round spearheaded by American firm Summit Action, and backed by a syndicate of individual investors from the retail industry (such as Black & Decker’s George Buckley, and Amazon ex-MD Lance Batchelor, among several others.) The London-based company has so far raised £8.3 […]

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Financial documents published on Companies House revealed just how much Alphabet-owned DeepMind spent on Artificial Intelligence research last year. The AI lab—which rose to prominence after its brainchild AlphaGo triumphed against professional Go player Lee Sedol in 2016—spent £104.8 million on “staff costs and other related costs” in 2016. The exact number of DeepMind employees is […]

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