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

Investment Counter: How UK data science companies fared in 2017

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 platform Crowdcube. Source: Shack15 News

14 December 2017

Pace, a London-based startups applying machine learning to the hospitality industry has secured £2.5 million in a Seed round led by InterGlobe— which owns India’s larges airline IndiGo. Source: Shack15 News

8 December 2017

 Machine learning-fuelled business intelligence firm Avora received £1.5 million from investors including Crane Venture Partners. Source: UKTN

7 December 2017

Chattermill, a London-based startup using machine learning to process feedback and extract actionable customer insights, has raised £600,000 in a Seed round backed by Entrepreneur First and others.  Source: Shack15 News


Cambridge-based AI startup Cytora has raised £4.4 million in a funding round led by Starr Global Holdings. Source: Shack15 News

29 November 2017

 Manchester-based MindTrace raised £1.3 million to create self-learning machines. The round was led by Accelerated Digital Ventures (ADV) and the Northern Powerhouse Investment Fund. Source: UKTN

27 November 2017

 London-based AI startup LabGenius, has raised £2.6 million in a Seed round led by Kindred Capital and Acequia Capital. Source: Shack15 News

16 November 2017

 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. Source: Shack15 News

10 November 2017

  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.  Source: Shack15 News


7 November 2017

 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. Source: Shack15 News

25 October 2017

British startup JamieAi has secured £1 million from Adrian Ezra. The company has built a recruitment platform for people working in data science and AI. Source: UKTN


24 October 2017

London-based Artificial Intelligence company Genus AI has raised £750,000 in a Seed round led by early-stage investment fund Picus Capital. The company combines machine learning with neuroscience, psychology, and behavioural science, in order to create emotionally intelligent AI. Source: Shack15 News


12 October 2017

AI-powered customer marketing platform Ometria has raised £4.52 million  in a Series A round spearheaded by American firm Summit Action. Source: Shack15 News


9 October 2017

NearGroup, a company that developed a chatbot allowing users to find and connect with like-minded people nearby, has secured £1.2 million in a seed round led by London-based fund OpenOcean, and also backed by Neotribe and BoostVC.
Source: Shack15 News          

27 September 2017

Artificial Intelligence-powered identity verification company Onfido has secured £22 million in a Series C round led by Crane Venture Partners and backed by Microsoft Ventures, and Salesforce Ventures. Source: Shack15 News



From left to right, Onfido cofounders Ruhul Amin, CEO Husayn Kassai, and Eamon Jubbawy (via Onfido)


5 September 2017

FiveAI, a British company working on self-driving cars, has raised £14 million in a Series A round led by Lakestar Capital and backed by Amadeus Capital Partners, Notion Capital and Kindred. Source: Shack15 News


London-based startup Factmata, which is planning to use Artificial Intelligence to fend off fake news,  has secured £575,000 in Seed funding from Mark Cuban and other investors. Source: UKTN

4 September 2017

London-based SentiSum, a startup using AI to deliver a better customer experience, has raised £540,000 in a Seed round from a number of investors including Angels in the City. Source: Shack15 News, a Cambridge-based startup building an Artificial Intelligence platform able to make decisions, has raised £10 million in a Series A round from Cambridge Innovation Capital and Atlantic Bridge Capital. Source: Shack15 News




25 August 2017

Sherpa, a UK-based startup that uses Artificial Intelligence to provide price comparison for insurance products, has raised £1.79 million in Seed from InsurTech.VC, alongside several angel investors. Source: Shack15 News


24 August 2017

Grid Edge, a startup aiming at improving energy efficiency by means of Artificial Intelligence, has raised £200,000 in Seed from Ignite, a fund focused on energy companies. Source: Shack15 News


27 July 2017

Callsign, a platform using AI to provide authentication, has closed a £26.8 million Series A round led by Accel and PTB Ventures, and backed by Allegis Capital and NightDragon Security. Source: Shack15 News



25 July 2017

B-Secur, a Belfast-headquarterd company working on biometric security solutions, has secured a £3.5 million investment from various investors, in clouding Accelerated Digital Ventures and Kernel Capital. Source: Shack15 News



21 July 2017

Graphcore, a Bristol-based company manufacturing processors that could dramatically speed up machine learning, has raised £23 million ($30 million) in a Series B funding round led by international VC firm Atomico. Source: Shack15 News


13 July 2017

Data delivery platform Ably raised £773,000 in a round spearheaded by Forward Partners. Ably  provides developers with an “infrastructure-as-a-service” for data transport. Source: UKTN 


11 July 2017

Cybersecurity company Darktrace has raised £58 million ($75m) in a Series D round led by Insight Venture Partners, and backed by existing investors Summit Partners, KKR, and TenEleven Ventures. Source: Shack15 News


10 July 2017

 SHACK15 resident Sparrho, a platform leveraging Artificial Intelligence to help researchers discover relevant science publications, has raised £2.3 million ($3m) in a pre-Series A round led by White Cloud Capital. Source: Shack15 News


29 June 2017

Oxford AI company Diffblue has raised £16.9 million($22 million ) in a Series A round led by Goldman Sachs Principal Strategic Investments and backed by Oxford Sciences Innovations and Oxford Technology and Innovations Fund. Source: Shack15 News


27 June 2017

AI-driven health information service Your.MD  has raised £7.7 million ($10 million) in new funding round led by Orkla Ventures.   Source: TechCrunch


8 June 2017

London-based startup Trint, a service providing voice-to-text transcription conceived and co-founded by journalist Jeff Kofman has secured £2.3 million ($3.1 million) in a “pre-Series A” round led by Hong Kong-based fund Horizons Labs. Source: Shack15 News


25 May 2017

London-based Mogees, a startup producing a smart microphone that uses machine learning to transform any vibration into original music, has raised £850,000 in seed funding from a group of investors including former Iglo Group CEO Elio Leoni Sceti, and Hotels4U founder Haim Perry. Source: Shack15News


ThingTrax, a London-based start-up operating in the Internet of Things space, has raised £250,000 in Seed in a round led by Technology Venture Capital Investments and backed by AI Seed Fund and FOMCAP. Source: Shack15News



16 May 2017

London-based AI startup Vivacity Labs has secured a £1.6 million funding round from Downing Ventures, Tracsis and the London Co-Investment Fund. Source: Shack15 News


3 May 2017

London-based analytics startup Decibel Insight has secured £7 million in a Series A round led by Eight Road Ventures, and  also backed by Ventureforgood. Source: Shack15 News

27 April 2017

Berkshire-based data science company Exonar has secured £1.25 million in a seed round led by Winton Group and Amadeus Capital, and backed by private angels. Source: Shack15 News

25 April 2017

London-based startup Babylon Health, an AI-powered healthcare app that offers virtual medical consultations, has secured £46.7 million ($60 million) in funding from a number of undisclosed investors. Source: Shack15 News

10 April 2017

Tenzo, an app using data analysis and machine learning to help restaurateurs run their business efficiently, has raised a £600,000 Seed round backed by Acequia Capital and Force Over Mass, alongside angels Charlie Songhurst, Michael Orland and Getti Restaurants. Source: Shack15 News

5 April 2017

 London-based startup CheckRecipient,  which uses machine learning to solve the problem of misaddressed emails, has secured £2.1 million in a Series A round led by Accel and LocalGlobe, and backed by Winton Ventures, Amadeus Capital Partners and Crane.  Source: EU-Startups

3 April 2017

Visual search technology firm Cortexica raised £2 million from Touchstone Innovations. Source: TechCity News


29 March 2017

Gloucestershire-based data analytics startup Ripjar has raised £3.75 million in follow-up funding from Winston Venture— the VC chapter of data-science-driven investor group Winton. The startup had previously raised an undisclosed sum from Winton in May 2016, plus £15,000 in Seed funding in 2015. Source: Yahoo! Finance


London-based data visualisation startup Flourish raised £800,000 in Seed from LocalGlobe and Founder Collective. Source: Shack15 News


3 March 2017

LoopMe, a London-based digital advertising startup powered by Artificial Intelligence, has raised further £8.1 million in a Series A Round led by Impulse VC and Harbert European Growth Capital. Other backers included Holzbrinck Ventures and Open Ocean Capital. Source: Shack15 News

25 January 2017

– AI-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. Source: Shack15 News



13 January 2017

– Cambridge-based data analytics provider Crowdsurfer raised a £1 million Seed Round from Mustard Seed, Peter Sands, Mike Rees and Brendan Bradley. Source: EU-Startups

12 January 2017

– Starship Technologies, the London-based startup that is creating a fleet of autonomous six-wheeler robots for home deliveries, closed a £14 million Seed round. The round was led by German carmaker Daimler AG, and backed by Shasta Ventures, Matrix Partners, ZX Ventures, Morpheus Ventures, Grishin Robotics, Playfair Capital and HOF Capital, among many others.
Source: Shack15 News



(via Starship Technologies)


– London-based Artificial Intelligence startup Cytora 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 trends about geopolitical risks that can be useful for insurance companies and financial entities. 
Source: Shack15 News


5 January 2017

– London-based startup Lobster, an AI-powered search engine for user-generated visual content, closed a £1 million Series A round. Investors include Moscow-based coworking space KL10CH, Russian entrepreneur Nikolay Katorzhnov, plus other unknown angels. Source: TechCrunch.


(via Lobster— screenshot)


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