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

A study by Google and various US medical centres has shown how artificial intelligence (AI) can be used to detect lung cancer and provide doctors with more accurate computerised tomography (CT) scans readings. The paper with the new findings was published in Nature Medicine on May 20. In it, the researchers compared the results of the AI […]

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 […]

A new report by Visiongain has claimed artificial intelligence in the cybersecurity market is worth $4.94bn. The report is named “Artificial Intelligence in Cyber Security Market Report 2019-2029” and include forecasts by different categories such as component and deployment type, security type, technology, application and industry. According to the new data, the increasing number of […]

Google Chief Executive Officer Sundar Pichai announced the company is working towards making its artificial intelligence and machine learning models more transparent in order to tackle bias. Writing on Google’s blog in the occasion of the company’s flagship event I/O ’19 on Tuesday, Pichai described a new list of AI improvements and said Google is moving […]

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 […]

Gopher Protocol, a company using the Internet of Things and Artificial Intelligence (AI) in networking and tracking technologies announced today that is currently implementing innovative machine learning (ML) to enable advanced classification and problem-solving. The company said they will deploy the new technology within their Avant! AI system, thus making it able to recognising user’s […]

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 […]

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