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

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 […]

The head of the UK Cabinet Office’s Robotic Automation Unit (RAU) has claimed that the interest in Artificial Intelligence (AI) and robotic automation has reached its peak within UK government departments and authorities. Speaking at the UKAuthority’s March of the Bots conference, James Merrick-Potter said interest in these technologies had reached a new high. “Over […]

The Center for the Future of Work has launched a new tool to provide insight into how the jobs of the future will change thanks to artificial intelligence (AI), automation, and other next-generation digital technologies. The program is called The Cognizant Jobs of the Future Index and is able to analyse 50 specific occupations, taking […]

UK Prime Minister Theresa May outlined her vision for an United Kingdom leading the global conversation on Artificial Intelligence in a tech-focused speech in Davos. In her address at the World Economic Forum, May almost totally eluded the nagging issue of Brexit, instead deciding to reinvent herself as the standard-bearer of safe, ethical AI. May […]

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 […]

Autologyx, a London-based startup that leverages Artificial Intelligence to automate business processes, has raised £1.5 million in a pre-Series A investment round led by Beacon Capital. The round was also backed by Angel CoFund and Richard Hargreaves, which are now going to join the company’s board as non-executive directors. Launched in 2011, Autologyx is a Software as a […]

Robots threaten to steal almost fifty percent of Scottish jobs in about a decade, a new report suggests. According to the Institute for Public Policy Research (IPPR )Scotland, 1.2 million jobs —about 46 percent of the country’s total— are likely to be automated by 2030. The think tank recommended that adult workers go through more training and […]

PwC has released a report called “Will robots steal our jobs?” It’s not the first report on the subject and it certainly won’t be the last. But coming from the world’s second-largest professional services firm, it deserves attention. (Disclosure: PwC is an occasional client of mine.) As you’d expect, the report offers a thorough and […]

European MPs called for the creation of new rules on robotics and artificial intelligence in order to guarantee safety and respect of “human dignity.” In a resolution passed on Thursday by 396 votes to 123, the European Parliament asked the Commission—the Union’s governing body— to take the lead on implementing robotics regulation, and set up […]

Subscribe to our newsletter