Aistemos, the leading provider of patent analytics software, has today announced it has secured an investment of £3m. Beringea, the international growth capital investor, led the Series A funding round. The funding will support the expansion of Aistemos’ core product, Cipher, and the development of a range of products focused on specific sectors, designed to enable businesses to access data about patented technology with greater speed and accuracy.

Leading deeptech VC, IQ Capital, has held the first close of its £125m third fund, IQ Capital Fund III, at £92 million. The fund will invest at Seed and Series A stages into UK deeptech companies with transformational deep-tech, AI or disruptive algorithms at their core and led by visionary founders.

Matr, the online teaching platform, has announced it has closed a £4.75 million Series A investment round led by the UCL Technology Fund and Downing Ventures, with follow on investment from Ananda and innovation charity Nesta, and Sherry Coutu joining as an angel investor. The company has now raised £8.25 million in funding.

By Robert Whitby-Smith, Albion Capital

Agorai, an integrated marketplace for Artificial Intelligence (AI) tools and the data assets that fuel them, is announcing it has committed to invest £20 million in the UK AI market. The investment will help accelerate the economic benefits that can be generated by leveraging the power of AI and its ability to transform society and positively impact the UK economy. The multi-year investment announced today will be distributed over the next five years. It will span the AI ecosystem by focusing on three key areas: education, empowerment, and entrepreneurship.

Hailo, a company developing a proprietary chip for deep learning on edge devices, today announced the completion of a $12.5 million Series A round. The company’s investors include Ourcrowd.com, Maniv Mobility, the Drive accelerator fund: Next Gear; as well as angel investors, Hailo Chairman Zohar Zisapel and Delek Motors CEO Gil Agmon. The company will use the funding to further develop its deep learning processor, which will deliver datacenter processing capacity to edge devices. This latest funding round brings the total raised to date by the Tel Aviv-based company to $16 million.

Blackwood Seven, the Copenhagen based provider of real-time AI powered media planning software, today announces a fundraising round of €17 million to support expansion of the business across Europe, the US and Asia.

Artificial Intelligence (AI) has emerged as the most frequently mentioned theme in discussions among the key disruptive technologies during the first quarter (Q1) of 2018 on Twitter, according to leading data and analytics company GlobalData. 

BrainQ, developing Artificial Intelligence (AI) powered technologies to treat neurodisorders in innovative ways, today announced the completion of a financing round, making the total investment in the Company to date stand at $8.8M. The financing included Qure Ventures, OurCrowd.com, Norma Investments, IT-Farm, and other strategic angel investors such as Founder and CEO of Valtech Cardio Amir Gross, acquired by Edwards in a $990M deal in November 2016.

Hazy, the data anonymisation software developer formerly known as Anon AI, has won M12’s Innovate AI award, receiving a $1million investment from M12 in partnership with Notion.

Cognism, a London-based start-up which uses artificial intelligence to generate sales leads has closed a £2m funding round with the help of Newable Private Investing and the London Co-Investment Fund.

Diffblue, the Oxford-based world leader in AI for code, today announces that Jane Silber has been appointed Chair of the Board of Directors. Silber was most recently CEO of Canonical, the company behind Ubuntu - the marketing-leading Linux based operating system, where she remains on the board as a non-executive director. Silber has unrivalled experience in running and managing open-source software enterprises globally.