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

London-based security startup INCOPRO has secured £15.5 million ($21 million) from Highland Europe. The company plans to use the funding to better develop its anti-piracy and counterfeits technology. Founded in 2012 by Simon Baggs and Bret Boivin, the INCOPRO helps companies and online brands to fight off IP infringement. “The internet revolution has created a […]

Facebook’s CEO Mark Zuckerberg announced he does not have any plans to appear before the UK Parliament’s Digital, Culture, Media and Sport Committee to give evidence about the Cambridge Analytica scandal. The snub follows threats of an official summons, and a hearing given by Facebook’s CTO Mike Schroepfer, which the Committee found to be unsatisfactory. Following […]

The movies Netflix recommends, the advertisement we are shown after a Google search, the random song Spotify plays next. Most of these things are automatically “decided” by algorithms, and we know that. But have you ever stopped to think what is the rationale behind those choices— why Netflix’s algorithm went for Moonrise Kingdom instead of […]

London-based fintech startup Revolut has raised a staggering £180 million ($250 million) Series C round led by Hong Kong’s DST Global and backed by a number of new and old investors including Index Ventures, and Ribbit Capital. The company offers a range of digital banking services and it is also popular among cryptocurrency traders. Founded by Russian […]

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 […]

  Crowd-intelligence platform Streetbees has secured £8.6 million in a Series A funding round led by British Venture Capital firm Atomico. The round was also backed by Streetbees’s  previous investors LocalGlobe, Octopus and BGF Ventures. The London-based company uses mobile geolocation and social media to collect feedback and trends about brands and businesses from a crowd of users (“bees”) the […]

Berlin-based venture capital firm Fly Ventures has raised £30 million ($41 million) for its first fund, which it plans to invest in early-stage Artificial Intelligence and automation startups in Europe.  The European Investment Fund (EIF), Korelya Capital, and a cluster of family offices chipped in the fund. Founded by Stephan Seyboth, Gabriel Matuschka, and Fredrik Bergenlid— all of whom […]

UPDATE: Ars Technica reports that on Thursday, following the backlash, SPCA decided to stop using Knightscope robots. A charity took flak after using bulky security robots to keep homeless people away from its animal shelter in San Francisco. Knightscope security automata have been around since 2013 and are a familiar presence in Silicon Valley and elsewhere. Earlier this year, the […]

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 […]

Subscribe to our newsletter