Zegami, the augmented intelligence company helping businesses unlock their data potential through visual data exploration, has raised £1.25M in equity funding. Its latest round of fund raising was led by RT Capital Management and the Oxford Technology and Innovations EIS Fund, with existing investors Oxford Sciences Innovation plc and Oxford University Innovation also contributing.  The funding will enable Zegami to continue developing its next generation data visualisation platform and raise its profile through marketing and commercial partnerships – in particular with LiveTiles and Microsoft.

Blackfinch Ventures has invested £700,000 in innovative tech start-up Warwick Analytics. Founded in 2011, this London-based firm is an Artificial Intelligence (AI) based data spin-out from the University of Warwick. Warwick Analytics delivers powerful text analytics for contact centres based on proprietary machine learning. 

Ingenious has led an investment round into Over-C Limited, a London-based analytics company focused on operational performance in the workforce management market. Ingenious helped raise an additional £5.5 million in equity funding, bringing the total raised to £10 million.

BlockClaim, the first hybrid artificial intelligence and blockchain technology solution developed for the insurance industry, has successfully completed its seed funding round with a £500,000 investment.

AI data extraction start-up SuccessData, formerly known as sc.io, has closed a £600k investment round led by B2B startup investor SuperSeed. This investment will allow the start-up to finance the hiring of data scientists and machine learning experts that can drive strategy and the growth of the business. This announcement follows the company relaunching its global brand to reflect its ambitious international growth plans for the European and US markets.

London-based Q-Bot, an EMVC portfolio robotics company that has developed a solution to remotely apply underfloor insulation, has successfully completed a £3m Series A investment round to fund the next stage of its growth.

Q-Bot has developed a range of robotic and AI technologies that can survey, maintain and upgrade buildings. Q-Bot uses robots to apply underfloor insulation underneath suspended floors to improve their energy efficiency and comfort with much less disruption and cost than traditional methods. Q-Bot’s customers include housing associations, local authorities, private homeowners and landlords.

New research from Intertrust shows an overwhelming majority (94%) of UK-based financial services industry decision-makers believe that Artificial Intelligence (AI) has the most potential to revolutionise the sector over the next five years, considerably ahead of blockchain (53%) and the Internet of Things (24%). 

Suir Valley Ventures, the entrepreneur-led venture capital fund launched in partnership with Shard Capital Partners LLP to invest in early stage software companies across a range of high-tech verticals, is pleased to announce its participation alongside Atlantic Bridge, in a €1.1 million investment round for Ambisense Ltd, the Internet of Things (IoT) and Artificial Intelligence (AI) environmental analytics company. The round was also supported by Enterprise Ireland and a number of private investors.

Hampleton Partners’ latest analysis of the Artificial Intelligence M&A market reveals that over 150 deals were disclosed in 2018, up from 105 deals in 2017. The first half of 2019 is also showing impressive AI-related M&A momentum, with 65 deals already recorded and a total of near 100 deals forecast for the half-year only. In terms of market value, AI is forecast to grow from $21.46 billion in 2018 to $190 billion by 2025 – in other words, to grow nine-fold over the next seven-year period.

Synthesia, a UK based startup developing video synthesis technology, has raised $3.1 million to continue their mission of helping brands and content creators scale their video production using AI. This financing was led by LDV Capital, early investor Mark Cuban, and joined by new investors  MMC Ventures, Seedcamp, Martin Varsavsky’s VAS Ventures, TransferWise co-founder Taavet Hinrikus, Tiny VC, and advertising executive Nigel Morris.

Cytora, a provider of AI-powered solutions for the commercial insurance industry, has completed its £25 million Series B funding round led by the EQT Ventures fund. Other participants include existing investors Cambridge Innovation Capital, Parkwalk, and a number of angel investors. The funding will be used to accelerate the expansion of Cytora’s product suite and scaling into new geographies. Cytora was founded and spun out of the University of Cambridge in 2014 by a team of machine learning scientists, data engineers and strategists.

Limitless Technology, the London-based inventor and provider of a SaaS platform offering AI and crowd sourced customer service solutions, has announced it has successfully raised £5million in Series A funding.

The funding is led by AlbionVC, with participation from all existing investors including Downing Ventures and Unilever Ventures. It will now enable the provider to continue successfully disrupting the customer service industry as it further develops its SmartCrowd™ platform.