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

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. The investment brought up the company’s value to around £150 million ($200 million.) The company previously secured an undisclosed Series A round led by […]

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 […]

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 […]

  Chinese face-recognition technology company Megvii has raised £350 million from a group of investors, including Alibaba founder Jack Ma’s Ant Financial and state-backed Chinese funds, Bloomberg reports. Existing investor Foxconn Technology Group—a Taiwanese electronics manufacturer that counts Apple among its customers—also partook in the round. The company had already secured backing from the Russia-China Investment fund, […]

  UK Fintech star TransferWise has raised £213 million ($280 million) in a round led by Silicon Valley fund OMGI, which previously invested in Snapchat , Dropbox and Twitter. TransferWise’s previous investors Richard Branson,  Andreessen Horowitz and Baillie Gifford also backed the round. Founded in 2010, the company allows users to transfer money abroad with lower fees. […]

VC firm Draper Esprit has purchased seed investor Seedcamp’s Funds I and II in a £17.9 million deal. The transaction will deliver a four-fold return to investors in the two funds. As a result of the deal, Draper Esprit— which previously invested in UK companies such as LoveFilm and Graphcore— has now acquired a stake in FinTech unicorn TransferWise. Other […]

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 […]

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 […]

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. The product is geared towards Middle-Eastern or Asian countries where picture-based dating apps are not easy or safe to […]

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