25th February 2020
The o2h Therapeutics and AI Fund, an early stage S/EIS fund investing in biotechnology therapeutics and related AI opportunities, has made an investment in Turbine, a simulation-based drug discovery company.
Based on a decade of research, Turbine’s biologists, bioinformaticians, data scientists, and AI engineers built the Simulated Cell. This platform is comprised of a dynamic computational model of the human cell and the underlying simulation technology to find the smartest route to novel targets, biomarkers, and combination therapies.
18th February 2020
Leading marine and automotive insurtech Concirrus has announced that it has closed a $20 million Series B funding round led by AlbionVC. The funding also includes participation from current investors IQ Capital, EOS Venture Partners and several angel investors. The company has developed a behavioural-based underwriting platform called Quest which delivers portfolio management and predictive analytics using the latest advancements in big data aggregation, AI and machine learning. Adoption of the platform is changing the future of risk selection, pricing and claims throughout the value chain.
22nd January 2020
FeedStock, an AI-driven SaaS business that leverages the latest natural language processing technologies to enable financial services companies to meet both their compliance requirements and commercial goals, has secured a £2.5m investment in a funding round led by Praetura Ventures.
9th January 2020
Blackfinch has invested c.£500,000 in London-based company Auro, founded in 2016. Auro offers a fitness app that provides its users with tailored audio-based workouts.
The Artificial Intelligence-driven app has over 65,000 users. Since launch the company has generated traction and revenue through its partner strategy, already securing partnerships with tier-1 companies such as O2 and Wiggle on the strength of its initial product.
22nd November 2019
Celonis, the market leader in AI-enhanced Process Mining and Process Excellence software, has raised approximately $290 million in Series C funding, valuing the company at $2.5 billion. Leading global enterprises including 3M, Airbus, Danaher, L’Oréal, Lufthansa, Siemens, and Uber rely on Celonis to improve the efficiency of their finance, supply chain, IT, sales, and customer service functions. Arena Holdings led the round alongside a group of principal investors and established entrepreneurs who have successfully scaled profitable, high-growth businesses.
19th November 2019
Headstart, the HR tech company using data science to remove bias when hiring, has announced a $7million seed investment round, led by FoundersX, the Silicon Valley VC specialising in AI. Headstart’s fresh approach to large enterprises fighting the ‘war for talent’ uses sophisticated software to find the right candidate for the right job - regardless of background, gender or ethnicity. The investment will help the company to develop its platform further, grow the team and move into international markets.
19th November 2019
Ad-Lib, a UK-based marketing technology SaaS platform that helps global brands manage and automate the production and activation of creative assets in their digital advertising worldwide, has closed $6million in Series A funding from San Francisco-based Fog City Capital.
4th November 2019
Copenhagen-based Forecast has announced new funding to grow its AI-powered project management software company. London-based Crane Venture Partners led the $5.5m funding round with participation from existing investors SEED Capital and Heartcore. With the new investment, Forecast has raised $10m in total funding.
28th October 2019
Launched by Britbots earlier in 2019, the British Robotics Scale-Up Fund is soon to close, raising funds to accelerate a select set of fast-growing businesses encompassing a wide range of business sectors.
23rd October 2019
Disperse, the leader in AI-powered construction transformation systems, has raised $15 million of Series A funding in a round led by Northzone. The company’s solutions capture and process visual data from physical sites and deliver actionable insights, freeing project teams from repetitive administrative tasks and providing management with the resources and digital capabilities to fundamentally change the way their companies operate.
18th October 2019
Ingenious's Infrastructure Ventures EIS Service has invested in Winnow, the technology company behind Winnow Vision, the artificial intelligence tool helping chefs cut food waste in half, as it completes its series B round of funding at $12m. Other co-investors in this fund raising round include Ingka Investments, Mustard Seed, Circularity Capital, D-Ax in addition to Ingenious. This follows a recent loan from The European Investment Bank (EIB) and in total means the firm has raised $20m in the last month, allowing it to focus on global markets.
17th October 2019
Unprecedented volumes of data and advances in AI are transforming the marketing services industry, according to a report released today by leading technology advisory and investment firm GP Bullhound.
AI and the Services Revolution reveals that investments in marketing-related AI have grown steadily, with $2.5bn of investments in emerging companies in 2018 – and $1 billion invested in Q2 2019 alone. A total of $11bn has been invested in the sector since 2014.