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

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. […]

Twitter has bought London-based startup Fabula AI, a company using machine learning (ML) to tackle fake news online. Although the terms of the agreement have not been made public, it would appear that Fabula is more of an acqui-hire than an acquisition, with the team joining Twitter’s Cortex unit, the social network in-house group of researchers […]

Artificial intelligence start-up Monolith AI has raised £1.9 million in an investment round led by Pentech Ventures with participation from Stanford Angels of the UK, Ascension Ventures and Charlie Songhurst. The start-up said the funding will support their mission to enhance the engineering design process through the use of their advanced AI platform. “Our goal […]

LinkedIn has acquired Drawbridge, a startup based in San Francisco that uses artificial intelligence to target specific audiences. The announcement was made by the networking and job searching platform on their blog on Tuesday. In it, LinkedIn’s vice president of product Tomer Cohen said they’re planning to use the startup’s technology to increase their Marketing […]

The National Institution for Transforming India  (NITI Aayog) announced today a 7,500 crore (roughly $1b) investment plan for the development of Artificial Intelligence (AI) infrastructure in the country. The funding will go towards the setting up of five centres of research excellence (CORE), 20 international centres for transformational AI (ICTAI) and further developments of AIRAWAT, […]

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