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

Machine learning company Seldon has secured £2.7m in Seed round led by Amadeus Capital Partners, the company announced on Wednesday. Among other investors are Global Brain Corporation, a large Japanese deep technology venture capital investment firm with global presence in Tokyo, London, Seoul, Singapore and San Francisco, and Techstars, who have been supporting Seldon since […]

Emotibot, a Chinese robot solutions provider, has secured USD 30 million in series B round funding, according to a report from EqualOcean Media. The funding round was led by China Development Financial, followed by Cathay Financial Holdings. Its existing investors Ecovacs and Advantech Capital also participated in this new capital injection, while Light House Capital served as exclusive financial advisor in […]

Finnish start-up Meeshkan has raised €370,000 in pre-seed funding to continue developing its “ChatOps” product for machine learning developers, TechCrunch reported. Earlier this month, Meeshkan won the Slush 100 start-up competition in Helsinki, Finland. The company uses Slack bots to help engineers monitoring and training machine learning (ML) models without leaving the team chat app. Talking […]

Chinese artificial intelligence provider Megvii Inc is reportedly seeking to raise $500 million in a new funding round at a valuation of approximately $3.5 billion, people with knowledge of the matter said. The company is the developer of facial recognition system Face++, and already counts Alibaba as a backer, which invested $327 million in the […]

Artificial Intelligence (AI) computing solutions Esperanto Technologies has secured $58 million (roughly £44,6 million) in Series B investment for the development of AI chips, the company announced on Sunday. Check out the NEW Esperanto Technologies website, including today's news on @EsperantoTech Series B announcement! #AI #ML #riscv #risc_v — (@EsperantoTech) November 5, […]

Google has pledged $25 million in grants to the AI Global Impact Challenge, the company revealed on Monday during the AI for Social Good event held at the company’s Sunnyvale in California. We’re announcing our AI for Social Good program, applying @GoogleAI expertise to projects w/ positive societal impact. We invite researchers & orgs to submit […]

Cybersecurity company Bitdefender announced its acquisition of behaviour and network security analytics company RedSocks on Wednesday. We’re proud to announce that #Bitdefender has acquired @RedSocksMTD.“By bringing RedSocks network security analytics & threat intelligence into GravityZone, we'll offer even stronger protection from sophisticated attacks” – Florin Talpes, CEO Bitdefender — Bitdefender (@Bitdefender) October 23, […]

London insurance technology start-up Concirrus today closed a further £5m fundraising effort from tech investor IQ Capital and EOS Venture Partners. The investment, which takes Concirrus total amount raised to date to £12m, comes after the company signed a global deal with Big Four accountancy firm EY last April, injecting machine learning tech into the […]

Samsung has announced its plan to invest $22 billion (roughly £17 billion) in artificial intelligence (AI), auto components and other future businesses in the next three years. As part of their overall $160 billion (roughly £124 billion) plan, the South Korean tech giant said they will increase the number of researchers they had across its global AI centres in the UK, Canada, […]

University of Leeds professors Tim Wright and Andy Hooper have secured £750,000 in Seed funding to create a  spin-out company, called SatSense, which will  harness AI software to spot the degradation of building foundations. The funding came from the Northern Powerhouse Investment Fund (which in turn is financed by the EU),  Unipart Rail and the University of Leeds […]

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