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

Digital therapeutics solutions company One Drop has announced on Saturday an expansion of their AI-powered app to include 8-hour blood glucose forecasts for users with type 2 diabetes. The app, which is called Predictive Insights, is the only one on the market able to provide glucose forecasts for people with this type of diabetes. One […]

British companies not investing in artificial intelligence (AI) may risk losing 20 per cent of their cash flow, according to a new report by the McKinsey Global Institute. As reported by The Telegraph, the new figures show AI could boost the UK economy by 22 per cent in the next decade and substantially increase companies’ productivity. […]

A study by British researchers has shown a new machine learning method that enables computers to make decisions in a  more human-like way. The research, which was published in the May issue of IEEE/CAA Journal of Automatica Sinica, explains how this new method allows machines to render several possible decisions to one specific problem, rather than […]

Software company Pega has announced a new product that will help companies using artificial intelligence to build more sustainable customer relationships.  Revealed during their PegaWorld event in Las Vegas on Tuesday, the Customer Empathy Advisor will become a new feature in the Pega Customer Decision Hub, the company’s AI-powered software centre. According to Pega, the new […]

Apple has revealed a new machine learning model framework called Core ML 3 at their flagship WWDC 2019 event in San Jose on Monday. The new framework will come with a dedicated app called Create ML, aimed at allowing iOS developers to bring improved machine learning applications to smartphone apps, and providing for the first […]

Twitter has bought London-based startup Fabula AI, a company using machine learning (ML) to tackle fake news online. Although the terms of the agreement have not been made public, it would appear that Fabula is more of an acqui-hire than an acquisition, with the team joining Twitter’s Cortex unit, the social network in-house group of researchers […]

Artificial intelligence start-up Monolith AI has raised £1.9 million in an investment round led by Pentech Ventures with participation from Stanford Angels of the UK, Ascension Ventures and Charlie Songhurst. The start-up said the funding will support their mission to enhance the engineering design process through the use of their advanced AI platform. “Our goal […]

LinkedIn has acquired Drawbridge, a startup based in San Francisco that uses artificial intelligence to target specific audiences. The announcement was made by the networking and job searching platform on their blog on Tuesday. In it, LinkedIn’s vice president of product Tomer Cohen said they’re planning to use the startup’s technology to increase their Marketing […]

SoftBank Group venture capital arm Deepcore is setting up a second investment fund dedicated to finding new artificial intelligence (AI) start-ups, the company announced on Tuesday. The sum will be invested in the AI industry in the next two to three years, and according to Chief Executive Officer Katsumasa Niki, it will surpass the 6 […]

A new study by the University of Otago in New Zealand has claimed that further regulation is needed to ensure artificial intelligence develops safely in the country. Funded by the Law Foundation, the study investigates machine learning algorithms as well as data mining techniques, taking into consideration issues around bias, accuracy and privacy, among others. […]

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