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

Labelbox, a collaborative training data platform for machine learning applications, raised $10m in Series A funding, the company revealed on Tuesday. The round was led by Gradient Ventures, Google’s AI-focused venture fund, together with previous investors Kleiner Perkins, First Round Capital, and angel investor Sumon Sadhu. Labelbox also announced that Anna Patterson, founder and Managing […]

Intel Capital revelated on Monday they will invest $117 million in 14 start-ups using artificial intelligence (AI) and other disruptive technologies in the communications, healthcare and manufacturing sectors. The tech giant made the announcement at their Intel Capital Global Summit in Phoenix, Arizona, a gathering for venture capitalists and entrepreneurs. They said the new investment is […]

Israeli Internet company Perion Network will pay up to $3.5 million (roughly £2.6 million) to acquire Kiev-based AI company Septa Communications, the company announced on Monday. The start-up, also known as “Captain Growth”, will join the Synchronized Digital Branding division of Undertone, a company that Perion bought in 2015 for $180 million. “Captain Growth was […]

Fast food giant McDonald’s announced Monday that it is acquiring Dynamic Yield, an Israeli start-up using artificial intelligence (AI) to give consumers personalised experiences. Despite the company not officially disclosing the size of the deal, Wired reported the acquisition would cost McDonald’s over $300m. The new technology would allow the company to use AI to […]

Google announced the second wave of startups selected for their Launch Accelerator program in India on Tuesday. The program is dedicated to support Indian startups that use technologies like artificial intelligence (AI) and machine learning (ML) to provide solutions addressing the nation’s core needs. The ten startups Google selected are based out of cities across […]

Search and language data services company Appen announced today it has signed a definitive agreement to acquire Silicon Valley’s based rival Figure Eight for around $428m. Both firms use crowdsourced labour pools to gather data, which is then used to train artificial intelligence (AI) and machine learning tools. Appen, which has delivered investors a 158 […]

Berlin-based real-time communications analysis and training start-up i2x has secured a €10 million funding round led by UVC Partners and btov Partners, with participation from MS&AD Ventures, Asgard, and HV Holtzbrinck Ventures. Founded just one year ago by ex-StudiVZ boss Michael Brehm to improve the quality of sales and service calls, the company currently employs 40 people and […]

Berlin-based banking start-up Mambu raised €30 million in its latest funding round backed by US-based Bessemer Venture Partners and others, the company revealed on Monday. The funding will allow Mambu to accelerate its growth and further investments in marketing, products, platform and services. The company also plans on expand its fifty-country presence on all continents, and […]

Online food ordering and delivery service Swiggy has acqui-hired, a start-up which specialises in applying deep learning and computer vision for object recognition in videos, the company revealed on Monday. The acquisition, which amount has not been disclosed, will aim for Swiggy to increase their artificial intelligence (AI) and machine learning capabilities. Specifically,  The Bengaluru-based AI […]

Tokyo-based financial services giant SBI Holdings is considering an investment in British identity start-up Onfido, The Sunday Telegraph revealed yesterday. According to the paper, this would be the first time for a UK company to receive funding from SBI’s new artificial intelligence (AI) and blockchain division. SBI, which is a spin-off from technology investing powerhouse Softbank Group, has […]

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