7th May 2021
Foresight Group and Williams Advanced Engineering (WAE) have made an investment into Machine Discovery, an innovative University of Oxford spin-out commercialising new machine learning technology.
The investment will be used to support the senior management team in taking Machine Discovery through its next stage of growth, assisted by Foresight Williams’ expertise in the sector. During the process, Oxford Technology introduced Bijan Kiani to the business. Bijan was previously VP Product and Marketing at Synopsys, a NASDAQ listed Electronic Design Automation company focusing on advanced technologies for chip design, validation and application ($3.7bn revenue in 2020) and will take over as CEO.
7th May 2021
Par Equity has led an investment of £2m in Datactics, a leader in the field of data management. Belfast-based Datactics provides software and services to large organisations that need to improve and control the quality of the data held in their computer systems. The AI-enabled platform allows staff who are not IT experts to efficiently deduplicate, clean-up and enrich the information in their lines of business. For businesses that have information spread across many databases, the products enable them to give their customers a better quality, more joined-up service, while reducing their costs.
29th March 2021
nPlan, a company that uses machine learning to forecast the duration, risks and opportunities of construction projects, has secured an $18.5 million investment round, led by GV (formerly Google Ventures). The company’s proprietary AI algorithms have analysed nearly $1 trillion worth of global construction projects and deploys this learning to spot delays and recommend improvements with an accuracy and scale previously not possible. In doing so, nPlan’s data-led insights effectively reduce the volatility of and increase investor confidence in construction projects.
25th March 2021
Sellforte, an AI-powered marketing optimization platform, has raised €4 million in funding led by Sonae IM, with Bonnier Ventures and Icebreaker.vc also participating in the round. The company will use the capital to hire new talent to scale R&D on its product offering and further expand its operations internationally.
26th February 2021
London-based investment fund RLC Ventures led Alloxentric’s seed round of $275,000, providing the necessary capital to build on their early success. To-date, Alloxentric has been operational across Latin America in countries such as Chile and Colombia, providing an omnichannel platform as a service, powered by AI, for customers across numerous industries.
24th February 2021
Vivacity Labs, the London-based tech company which uses artificial intelligence to improve traffic insights and safety, has secured £5m of Series A funding in a VC round led by investor Mobeus, with additional funding from existing investors Downing Ventures and London Co-Investment Fund.
19th February 2021
Artificial Intelligence (AI) company Peak has raised a $21 million Series B funding round led by venture capital firm Oxx, with participation from existing investors MMC Ventures and Praetura Ventures, and new investor Arete. This brings Peak’s total funding raised to date to $43 million.
AI adoption in businesses saw a rapid acceleration in 2020 as companies looked for new ways to boost sales and maximize profits. This is especially true for the many firms prioritizing digital transformation in the wake of evolving consumer demands, the continued e-commerce boom and the global pandemic.
11th February 2021
Ai Build has raised $1m in a funding round led by SuperSeed, a London based VC that specialises in Business Automation and Industry 4.0 investments. Also joining the round is William Tunstall-Pedoe, the British entrepreneur who was one of the inventors behind Alexa, Amazon’s voice assistant.
5th February 2021
Limitless, the AI-driven gig customer experience platform, has raised $10 million in financing. The Series B investment is led by Redline Capital and features new investment from Genesys, as well as continued participation from AlbionVC and Unilever Ventures.
The financing round will see London-based Limitless continue its dedicated growth in the US market, establishing a new US-based headquarters to focus on its product development, particularly surrounding routing, automation and AI to augment the strengths of humans.
3rd February 2021
SujiBFR, a health and fitness startup based in Edinburgh, has received a six-figure investment to support the development of a smart fitness device that can dramatically reduce pain and increase muscle strength during exercise. The technology, named Suji Device, improves muscular performance and offers a solution to fitness enthusiasts and elite athletes who experience pain when exercising or playing sport.
Based on blood flow restriction (BFR) training principles, the AI-powered device utilises low-intensity and bodyweight exercise to offer the same training benefits achieved with high-intensity weight training.
27th January 2021
Cleantech company Social Energy has received funding that will allow the business to pursue rapid growth in the UK and Australia, while opening opportunities to scale outwards with its unique offering in new markets. The green energy supplier uses its artificial intelligence platform and cutting-edge virtual power plant technology to optimise solar-connected battery storage. It learns about a customer’s energy usage and makes informed decisions about how to store, manage and distribute solar energy to minimise their energy bills.
22nd January 2021
Perchpeek, the AI-powered relocation agent, has raised £2 million, led by early-growth experts Episode 1. Founded in 2018 as a UK property marketplace, Perchpeek was originally dubbed ‘Tinder for renting’, but has since developed into a completely unique, global relocation service that is transforming the relocation industry.
The Perchpeek app combines AI-powered recommendations with relocation experts to curate properties and additional services for the user. As they use the app, recommendations become more tailored until they’ve found the perfect home in the perfect area.