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

Pittsburgh International Airport announced it will deploy artificial intelligence (AI) technologies to provide passengers with more accurate wait times information. The technology will be provided by the airport through a partnership with Zensors, a Pittsburgh-based company applying AI to feeds from airport security cameras to estimate minute-by-minute wait times at the airport’s three Transportation Security […]

Online payments solution company Razorpay announced on Monday the acquisition of Thirdwatch, an artificial intelligence startup specialising in big data and machine learning for real-time fraud prevention in eCommerce. The amount of the deal remains undisclosed at the time of writing, but the company said in a press release this new acquisition would go towards improving payment experience and avoid fraudulent transactions. “Fraud […]

The global artificial intelligence (AI) in the healthcare market is expected to reach $27.6 billion by 2025 with a 43.5% growth from 2018, a report by Meticulous Research revealed. The report analyses various applications of the technology, from patient data and risk analytics to medical imaging and diagnosis, drug discovery, precision medicine, hospital workflow management, […]

O2h Ventures and AI Fund have invested £1.1m ($1.38m) in Small Pharma, a startup working on new drugs development, in-Pharma reported on Monday. The seed round funding will go towards advancements of Small Pharma’s lead program about a metabolite of ketamine as an oral anti-depressant. In particular, the startup said they will invest the funds […]

Cloud computing and virtualisation software giant VMware is acquiring Uhana, a startup using deep learning and real-time artificial intelligence to automate network operations. While the financial terms of the deal weren’t disclosed, VMware said that adding Uhana’s technology to its Telco Cloud and Edge Cloud portfolio, the company will “demonstrate our commitment to serving the telecom industry and deepening intelligence […]

Artificial Intelligence startup Near has raised $100 million as a part of its latest funding round led by London-based private equity firm Greater Pacific Capital (GPC).  The Singapore-based startup made the announcement on Tuesday, saying in a statement that they would be using the new capital to launch a new suite of data products and […]

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 […]

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