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

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 […]

Cambridge-based artificial intelligence (AI) company Prowler.io has been valued at $100 million after a $24 million funding round by investors including Amadeus Capital and Pearson Plc. The company said the new investment will go towards launching products and moving into new areas such as education. The funding round was led by Chinese tech giant Tencent, with participation […]

Nationwide Building Society announced on Monday it will invest in Scaled Insights, a company that uses behavioural artificial intelligence (AI) to analyse people’s speech. As part of this investment, Scaled Insights which is currently based in Canada will move its headquarters to the Nexus building in Leeds, a facility used to house start-ups owned by […]

Cortex Group will acquire Tesla Water’s water quality monitoring solution, the company announced last weekend. The investment comes after Cape Town-based artificial intelligence (AI) startup Cortex Logic, of which Cortex Group is the holding company, revealed in February they had secured an investment from an undisclosed investor. Cortex Logic made the announcement through a press release last […]

Artificial intelligence could predict death or heart attacks with more than 90 per cent accuracy, a new study has revealed. Presented at the International Conference on Nuclear Cardiology and Cardiac CT 2019 on Sunday, the study showcased the results of an algorithm called LogitBoost. Powered by machine learning, the algorithm analysed 85 different variables from […]

American software company Salesforce is acquiring Tel Aviv-based conversational AI startup Bonobo, the company revealed on Thursday. Salesforce has not disclosed the financial details of the deal, but people familiar with the matter told Calcalist the company would be paying $50 million to finalise it. The acquisition was led by Elad Donsky, Salesforce’s vice president […]

UiPath, a robotic process automation startup, has landed a further $568 million round of funding, reaching a $7 billion evaluation and becoming the world’s most valuable artificial intelligence (AI) startup. The new Series D round was led by Coatue, with participation by Dragoneer, Wellington, Sands Capital and funds and accounts advised by T. Rowe Price […]

Anki, a San Francisco-based startup famous for artificial intelligence robotic products such as Vector, Cozmo, and AnkiDrive, is allegedly closing down after failing to secure further funding. Despite raising around $200 million in venture capital since its creation nine years ago, the company would have run out of funds after a potential deal failed on […]

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