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

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 […]

The use of Artificial Intelligence (AI) could save companies that are able to scale and expand the scope of their existing deployments about $340 billion, according to a new global study from French technology services Capgemini. The study, which is titled “Building the Retail Superstar: How unleashing AI across functions offers a multi-billion dollar opportunity”, […]

AI-powered customer marketing platform Ometria has raised £4.52 million ($6 million) in a Series A round spearheaded by American firm Summit Action, and backed by a syndicate of individual investors from the retail industry (such as Black & Decker’s George Buckley, and Amazon ex-MD Lance Batchelor, among several others.) The London-based company has so far raised £8.3 […]

Yplan, an app that allows users to discover live events and book last-minute tickets, was acquired by lifestyle magazine publisher Time Out. The London-based startup was bought for £1.6 million, which could rise to £2 million depending on some future conditions. Rather than disbursing cash, Time Out carried out the deal by transferring 1,166,644 in […]

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