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

Cambridge-based artificial intelligence (AI) company Prowler.io has been valued at $100 million after a $24 million funding round by investors including Amadeus Capital and Pearson Plc. The company said the new investment will go towards launching products and moving into new areas such as education. The funding round was led by Chinese tech giant Tencent, with participation […]

Nationwide Building Society announced on Monday it will invest in Scaled Insights, a company that uses behavioural artificial intelligence (AI) to analyse people’s speech. As part of this investment, Scaled Insights which is currently based in Canada will move its headquarters to the Nexus building in Leeds, a facility used to house start-ups owned by […]

Cortex Group will acquire Tesla Water’s water quality monitoring solution, the company announced last weekend. The investment comes after Cape Town-based artificial intelligence (AI) startup Cortex Logic, of which Cortex Group is the holding company, revealed in February they had secured an investment from an undisclosed investor. Cortex Logic made the announcement through a press release last […]

American software company Salesforce is acquiring Tel Aviv-based conversational AI startup Bonobo, the company revealed on Thursday. Salesforce has not disclosed the financial details of the deal, but people familiar with the matter told Calcalist the company would be paying $50 million to finalise it. The acquisition was led by Elad Donsky, Salesforce’s vice president […]

Fintech platform Finitive announced today a $6 million investment in a series seed financing led by Atomic Labs with participation from Ninepoint Partners and others. The New York-based firm said they will use the funds to keep developing its platform to expand on strategic machine learning, artificial intelligence, workflow automation, and data analytics initiatives. “We are excited […]

Career resource start-up Zippia announced today a Series A investment of $8.5 million led by E.ventures and with participation from existing shareholders such as MHS Capital, NextView Ventures and Correlation Ventures. Zippia also announced that Thomas Gieselmann of E.ventures will join the company’s Board of Directors. A San Mateo-based company, Zippia uses machine learning and data aggregation […]

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 […]

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