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

Venture capital firm IQ Capital has raised more than $300 million to invest in artificial intelligence and machine learning start-ups, the company reported on Monday. According to the Cambridge-based firm, $125 million of this sum would come from their ‘Growth Opportunities Fund’, while the remaining $175 million would be part of a fund focusing on […]

London-based tech firm Benevolent AI would be reportedly raising funds at a rate way below their $2bn valuation, an investigation by the Sunday Times revealed. The company, which is led by ex-Facebook executive Baroness Joanna Shields, would be in talks with several Asian investors, according to the report, in the hope of getting Benevolent AI […]

Artificial intelligence platform Tara AI has raised a $10 million Series A investment led by Aspect Ventures with participation from Slack and previous investors such as Y Combinator and Moment Ventures. Tara AI uses machine learning to help organisations with software development’s efficiency. With this new funding the firm, which grew its team from eight to […]

Autonomous vehicle startup Drive.ai is shutting down after raising more than $77 million in the past four years, according to a state regulatory filing. The news was firstly announced by the San Francisco Chronicle on Tuesday, and as mentioned in the WARN documents filed with the Employment Development Department of California, Drive.ai will close down their Mountain […]

Billionaire Mark Cuban has poured $1 million into artificial intelligence (AI) startup Hala Systems, a company helping to save lives in war-torn regions including Aleppo. The new investment will allow the startup to improve their “early warning system” that alerts Syrian civilians when an airstrike has been launched as well as making plans to expand […]

Quantum computing startup Xanadu has raised $32-million from investors in Canada and the United States to build the world’s most powerful computer. The Series A round brings Xanadu’s total investment to date to $41 million, and it was led by OMERS Ventures with participation from Georgian Partners, Radical Ventures, Real Ventures, Silicon Valley Bank and Tim Draper.  […]

Blackstone CEO Stephen Schwarzman has donated 150 million pounds ($188.6 million) to Oxford University to create a new institute that will study the ethical implications of artificial intelligence (AI). The American millionaire said he wants the funds to also go towards building a centre to house all of the institution’s humanities subjects in a single […]

Intel Corp has announced on Sunday a new program in Tel Aviv to assist start-ups in developing artificial intelligence (AI) and autonomous systems. The program, called Ignite, will be headed by Tzahi Weisfeld, former global head of Microsoft for Startups and will see Intel provide 10 to 15 start-ups with a 20-week business and technical […]

The UK government has announced an investment of up to £18.5 million to support diversity in artificial intelligence (AI) and data science roles. Of these funds, £13.5 million will be poured in 1000 scholarships for people from underrepresented groups as well as funding 2500 artificial intelligence and data science conversion degrees. The remaining £5 million […]

British companies not investing in artificial intelligence (AI) may risk losing 20 per cent of their cash flow, according to a new report by the McKinsey Global Institute. As reported by The Telegraph, the new figures show AI could boost the UK economy by 22 per cent in the next decade and substantially increase companies’ productivity. […]

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