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

Artificial Intelligence (AI) and Data company Lixar has won the Microsoft AI Innovation Award for using the power of machine learning and AI “to derive insights to help their customers optimise operations, drive innovation, and deliver real value.” The announcement was made on Sunday at the Microsoft Inspire event in Las Vegas, the largest gathering […]

Artificial intelligence start-up Taiger has raised $25 million in a  series B funding round led by PacificBridge Asset Management and Hong Kong-based merchant bank MCM Investment Partners. The Singapore-based company, which has now reached a $110 million evaluation, counts clients such as Bank of America Corp, AIA Group Ltd. and Banco Santander SA. With the […]

London-based tech firm Benevolent AI would be reportedly raising funds at a rate way below their $2bn valuation, an investigation by the Sunday Times revealed. The company, which is led by ex-Facebook executive Baroness Joanna Shields, would be in talks with several Asian investors, according to the report, in the hope of getting Benevolent AI […]

Chicago-based startup Aegis AI has raised $2.2 million in a venture capital funding round led by Bling Capital with participation from Upside Partnership and Tensility Venture Partners. The company uses artificial intelligence to identify firearms in security camera video feeds. They said they plan to use the funding to develop their technology further to detect other threats, including […]

Autonomous vehicle startup Drive.ai is shutting down after raising more than $77 million in the past four years, according to a state regulatory filing. The news was firstly announced by the San Francisco Chronicle on Tuesday, and as mentioned in the WARN documents filed with the Employment Development Department of California, Drive.ai will close down their Mountain […]

Billionaire Mark Cuban has poured $1 million into artificial intelligence (AI) startup Hala Systems, a company helping to save lives in war-torn regions including Aleppo. The new investment will allow the startup to improve their “early warning system” that alerts Syrian civilians when an airstrike has been launched as well as making plans to expand […]

Quantum computing startup Xanadu has raised $32-million from investors in Canada and the United States to build the world’s most powerful computer. The Series A round brings Xanadu’s total investment to date to $41 million, and it was led by OMERS Ventures with participation from Georgian Partners, Radical Ventures, Real Ventures, Silicon Valley Bank and Tim Draper.  […]

Retail giant Walmart is using artificial intelligence-powered cameras to reduce checkout theft, Business Insider has reported. When the cameras notice a potential issue with a transaction, the program warns checkout attendants so they can intervene. The new technology, provided by machine-vision firm Everseen, is being deployed in more than 1,000 US stores and is part […]

French-American start-up Owkin would be reportedly discussing with a number of London hospitals to trial its artificial intelligence system aimed at studying clinical data to help develop more effective drugs, according to the Telegraph. The New-York based company uses a machine learning algorithm to identify biomarkers associated with cancer. They have recently helped to discover targets for […]

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. […]

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