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

Cytora, a provider of artificial intelligence (AI) technology solutions for commercial insurance underwriting, has raised £25 million in a Series B round today. The investment was led by EQT Ventures with participation from existing investors Cambridge Innovation Capital, Parkwalk and several unnamed angel investors. Founded in 2014 by Richard Hartley, Aeneas Wiener, Joshua Wallace and […]

The artificial intelligence industry is facing a “diversity crisis,” according to a new report released today by researchers from the AI Now Institute. The report raises critical questions about the direction of the field and claims that due to an overwhelming proportion of white males in the industry, the technology is at risk of prolonging […]

Biomedical engineers from Duke University have created an Artificial Intelligence (AI) automated process that can trace the shapes of active neurons as accurately as human researchers, but much quicker. The software is built on the AI’s ability to interpret video images, tackling a critical roadblock in neuron analysis and allowing researchers to gather and process […]

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 […]

Cambridge-based startup Wayve has tested a new self-driving system that only relies on cameras, GPS tracker, and an artificial intelligence-powered computer to navigate the roads. Traditional self-driving cars need lidar, custom rules and highly detailed maps to know exactly where to go. Wayve’s new system, however, which is embedded in a modified Renault Twizy, does not […]

The European Union has published new ethics guidelines for artificial intelligence (AI) on Monday to prevent it being misused. According to the new report, AI projects should be transparent, have human oversight and secure and reliable algorithms, as well as being subject to privacy and data protection rules. Commenting on the news, the European Commissioner […]

UK businesses are increasingly using artificial intelligence (AI) to monitor workers’ activity on a daily basis, The Guardian reported on Sunday. The work of 130,000 people, including emails sent and received and who accesses and edits files and who meets whom and when, is being checked regularly by the Isaak system. Designed by London-based company […]

Scientists from Heidelberg University Hospital and the German Cancer Research Centre have developed a new machine learning method for the automated image analysis of brain tumours. According to the authors who worked on the research, machine learning methods trained on standard magnetic resonance imaging (MRI) are more reliable and precise than traditional radiological methods in […]

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 […]

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