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

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 […]

London-based financial automation company Deaflo has been acquired by US digital identity firm OneSpan, in a £41 million deal. The acquisition comes after  Deaflo raising a £10 million Series B round spearheaded by venture capital firm Holtzbrinck Ventures, and also backed  by funds Notion Capital and Frog Capital, in February last year. “The entire Dealflo team […]

Early-stage VC firm Seedcamp has raised a fourth round of funding— hitting £60 million. Now the firm plans to invest in at least 100 European startups at pre-Seed and Seed stages, and possibly in cryptocurrency tokens . The fresh cash raised by Seedcamp —which was launched in 2007, starting  with a $2.5 million fund for investment— […]

London-based security startup INCOPRO has secured £15.5 million ($21 million) from Highland Europe. The company plans to use the funding to better develop its anti-piracy and counterfeits technology. Founded in 2012 by Simon Baggs and Bret Boivin, the INCOPRO helps companies and online brands to fight off IP infringement. “The internet revolution has created a […]

Property digital marketplace Zoopla— which dominates the British market with over 50 million visits on its site and app, and 25,000 partners— declared that American investment fund Silver Lake has made an acquisition offer of about £2.2 billion ($3 billion.) That offer would value the company twice what it was worth when it was listed […]

London-based machine learning startup GTN has raised £2.1 million in a Seed round led by  Octopus Ventures and Pentech, and also backed by Entrepreneur First . Founded in 2017 by Noor Shaker and Vid Stojevic, the company is using AI tech and quantum physics to discover new drugs. According to GTN, bringing a novel drug to the […]

London-based data storage firm StorageOS has secured £5.9 million ($8 million) in a Series A round led by Bain Capital Ventures and also backed by MMC Ventures and 645 Ventures. The fresh trove of cash will now be invested in further develop the company’s product, and drive its global sales. Founded in 2015 by Alex Chircop, Chris […]

London-based fintech startup Revolut has raised a staggering £180 million ($250 million) Series C round led by Hong Kong’s DST Global and backed by a number of new and old investors including Index Ventures, and Ribbit Capital. The company offers a range of digital banking services and it is also popular among cryptocurrency traders. Founded by Russian […]

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