3rd May 2019
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.
25th April 2019
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.
16th April 2019
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.
9th April 2019
AI-based technology startup Liopa has completed a very successful fund-raising campaign on the SyndicateRoom crowdfunding website. The company raising 2.5 times the target amount in a 4 week period. It received strong backing from a number of angel investors and the Fund Twenty8 EIS fund.
3rd April 2019
True, the retail and consumer sector specialist investor, has invested in artificial intelligence (AI) solutions based company FunnelAI as part of its recent $1.5million seed series funding round. The investment was led by San Antonio-based venture capital firm Active Capital, alongside existing investors Geekdom Fund and several angel investors from San Antonio and Houston.
2nd April 2019
Cyberhawk Innovations Limited, the world leader in delivering drone inspections and asset visualisation software for energy infrastructure, has been acquired by funds advised by Magnesium Capital, resulting in a successsful exit for exisiting investors Scottish Equity Partners and Scottish Investment Bank.
22nd February 2019
Senseon, the next generation AI platform for cyber defence, has announced the completion of a seed funding round of $6.4m. Leading the investment is research-led venture capital fund MMC Ventures, alongside Mark Weatherford, former Deputy Under Secretary for Cybersecurity, U.S. Department of Homeland Security. Additional investors include Amadeus Capital Partners, Crane Venture Partners and CyLon. The funding will allow Senseon to continue its rapid expansion in the UK and increase its presence in EMEA and the US.
20th February 2019
MMC-backed Growth Intelligence has raised £1.7m funding, led by 24Haymarket, to help marketers and sales leaders drive faster growth with AI.
Founded in 2013, Growth Intelligence helps high profile brands, including American Express, FedEx, Western Union, iZettle and Vitality Health, target their direct marketing activity to businesses that are most likely to buy.
12th February 2019
ASTI Mobile Robotics is partnering with Keensight Capital, one of the leading players in Growth Buyout, to support the growth of the company. Through this agreement, Keensight Capital, as its strategic and financial partner, has entered in the company with a relevant minority stake.
7th February 2019
Intertrust, a global leader in providing expert administrative services to clients operating and investing in the international business environment, interviewed private equity professionals across Europe, North America, the Middle East and Asia to identify the value-add delivered by new technologies now and in the future.
25th January 2019
Growth Intelligence has announced the successful close of a £1.7m investment round. The company received multiple offers with the round being led by 24Haymarket. Existing investors including MMC Ventures also participated.
17th January 2019
Seldon, the machine learning deployment specialist, today announced a £2.7m funding round led by Amadeus Capital Partners alongside Global Brain Corporation, Techstars and other existing investors.
Seldon is a pioneering global technology business focused on the fast-growing machine intelligence market. Its open-source machine learning deployment platform makes it easier and quicker to manage, serve and optimise machine learning models at scale. The platform is built on cloud-native technologies such as Kubernetes.
Since its inception in 2014, Seldon has built a global community of loyal users who leverage their diverse industry backgrounds to provide validation and feedback. Seldon’s initial product offering, Seldon Core, had over 170,000 installs in 2018 and recorded 38% month-on-month growth in H2 2018. In 2019, it will release new enterprise-scale software, Seldon Deploy, which enables data science specialists to move into production more easily with compliance, offering audit trails and approvals, advanced experiments, and model explanations.