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

Artificial intelligence (AI) company Trifacta has just secured $100 million in a new funding round, The Australian reported on Monday. The investment was led by Telstra Ventures with participation by Google, BMW iVentures, Energy Impact Partners, NTT DOCOMO Ventures, ABN AMRO Digital Impact Fund, Accel Partners, Cathay Innovation, Greylock Partners, Ignition Partners, and Infosys. Commenting on […]

Insilico Medicine, a company using artificial intelligence (AI) for drug discovery, published a paper on Monday describing new machine learning techniques designed to substantially accelerate and improve the drug discovery process. The paper, which was published in  Nature Biotechnology, is titled “Deep learning enables rapid identification of potent DDR1 kinase inhibitors.” The findings describe a […]

The Joint Artificial Intelligence Center (JAIC) in the US revealed plans to hire an ethicist to help guide the Defense Department’s development and application of artificial intelligence (AI) technologies. The announcement was made by Air Force Lieutenant general and JAIC‘s director Jack Shanahan last week when he spoke at the Pentagon. Shanahan, who is known […]

Digital finance platform Frollo revealed on Monday its intentions to acquire Hip Money, an Australian-based tech startup using artificial intelligence (AI) to help users reduce debt and optimise savings. Frollo said Hip Money‘s AI technology will be used to improve the company’s free personal finance and budget management app by providing end-users with automated recommendations to […]

The global artificial intelligence (AI) chip market would be headed for a compound annual growth rate of 45.2% between 2019 & 2025, according to a new report from ResearchAndMarkets. The document shows how the global AI chip market size was valued at $6,638 million in 2018 and is now projected to reach $91,185.1 million by […]

Cisco has announced plans to acquire Customer Experience Management (CEM) company CloudCherry, the security firm announced on Monday. The acquisition will allegedly close in the first quarter of Cisco’s fiscal year 2020, but it is still currently subject to closing conditions and approvals.  As part of the deal, the CloudCherry team will join Cisco’s Contact […]

The UK government has just announced plans to use artificial intelligence (AI) to help drivers avoid holiday jams in the future. A press release on the GOV.UK website said these improvements will be done by opening data access to planned changes to the road network to tech firms, thus allowing them to predict and solve […]

Indian cab aggregator Ola has announced the acquisition of Bengaluru-based artificial intelligence (AI) startup Pikup.ai on Tuesday. As part of the deal, which value was not disclosed,  the team at Pikup.ai including founders Inder Singh and Ritwik Saikia will join Ola. “We are looking forward to joining Ola in its mission to build mobility for a […]

Amsterdam-based blockchain company Bitfury has just launched its artificial intelligence (AI) division, Reuters reported on Tuesday. The company said the new division will use Bitfury’s existing hardware and software technologies to build integrated product solutions, as well as cloud-to-edge enterprise solutions for corporations and governments. Talking to Reuters, the firm’s co-founder and CEO Valery Vavilov […]

The UK government just announced it will pledge £250m (roughly $304m) to be invested in a national artificial intelligence (AI) research lab for the NHS. The announcement was made by Prime Minister Boris Johnson on Wednesday, who claimed that with this new investment AI will be able to transform care and cut waiting times in […]

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