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

Anorak Technologies, an AI-fuelled InsurTech startup, has raised a £4 million Seed funding round from Kamet Ventures, an  incubator backed by insurance giant AXA. Founded in 2017 by  David Vanek and Vincent Durnez, London-based Anorak harnesses  data science and machine learning to collect information about a user’s family, home, and income— and then suggest them the most appropriate type of insurance cover. Anorak’s system can allegedly scan and […]

AI-fuelled property management platform AskPorter has raised over £500,000 from a number of investors including former LSL Property’s director David Newnes, James Caan CBE, and Fasial Butt. An existing investor, PropTech VC firm Pi Labs also gave its follow-on commitment. Founded in late 2016 by Tom Shrive and Sam Tassell, the company emerged from Pi Labs’ pre-seed accelerator programme. […]

London-based startup Anon AI has raised £340,000 in pre-Seed funding from the University College of London’s  Technology Fund, besides the London Co-Invested Fund, AI Seed, and Ascension Ventures. Founded in 2017, the company is using machine learning to create software able to deliver automatic data anonymisation, thus helping developers and data scientists to share data in a […]

Google has acquired Redux, a Cambridge-based startup whose technology can transform surfaces such as phone displays into speakers. Redux’s invention—backed up by 178 patents— could be used to remove small speakers from smartphones, making up space for bigger batteries or other phone parts. The company had previously raised £3.7 million, in March 2017, from investors including  Arie […]

London-based Artificial Intelligence startup ProFinda has secured a £4.8 million funding round from various investors, including Notion Capital and Nextlaw Ventures. The company uses machine intelligence to analyse companies’ workforce and creating a more efficient organisation chart highlighting each employee’s strengths, skills, connection and behaviours. This, the company says, helps organisations optimise their performance and improve […]

Let’s take stock of 2017. According to SHACK15 News’ investment counter, over the last twelve months Britain’s data science and Artificial Intelligence companies raised £360.486 million in funding. Money poured into AI and data science businesses made up about nine percent of total investment in British technology companies in 2017 — which, according to UKTN’s calculations, was slightly over £4.1 billion. […]

Rolling coverage of investment in British data science and AI companies throughout 2018. (Here a summary of investment in 2017)   Total: 

Berlin-based venture capital firm Fly Ventures has raised £30 million ($41 million) for its first fund, which it plans to invest in early-stage Artificial Intelligence and automation startups in Europe.  The European Investment Fund (EIF), Korelya Capital, and a cluster of family offices chipped in the fund. Founded by Stephan Seyboth, Gabriel Matuschka, and Fredrik Bergenlid— all of whom […]

Fintech app Chip, a chatbot that helps users automatically save money from their bank accounts, has secured £1.078 million on crowdfunding platform Crowdcube. Chip is plugged into users’ bank accounts, and leverages an AI system to calculate an ideal amount of money to put aside every day. Customers can also interact with the service through a chatbot app […]

Pace,  a London-based startups applying machine learning to the hospitality industry has secured £2.5 million in a Seed round led by InterGlobe— which owns India’s larges airline IndiGo. The round was also backed by Seedcamp, Speedinvest and Amadeus Capital Partners . Funded in 2016 by Jens Munch, John-Paul Clarke, and Jason Pinto, the company uses artificial intelligence technology to automate […]

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