London-based machine learning startup Deep Render has raised £4 million, in a funding round led by Pentech with support from Speedinvest, to further develop proprietary technology that could revolutionise how data is stored and managed. A spin out of Imperial College London’s leading robotics lab, Deep Render claims its image compression technology reduces the file […]
Omilia, a Cyprus-based machine learning company, has secured $20 million in funding from Grafton Capital to continue expanding its conversational AI technology, built for the customer care needs of global enterprises. This is Omilia’s first fundraising of outside investment. In what it considers “one of the few categories of AI that is already delivering significant […]
Resistant AI, a Prague-based security company that protects AI systems from cyberattacks and fraud, has raised $2.75 million in a round co-led by Index Ventures and Credo Ventures. Seedcamp and angel investors such as Daniel Dines and Michal Pechoucek also participated. Deployed on top of existing systems, Resistant AI provides a typical security layer for […]
Audiens, the Milan-based customer data platform and audience management tool, has landed an $8 million cash investment from South Korea’s NHN Corp. This marks NHN’s first investment in a European tech company, although Audiens was acquired by US-based Bango two years ago. Digital marketers use the Audiens customer data platform (CDP) to view all campaign […]
Sprout.ai, a London-based insurtech startup previously known as BlockClaim, has raised $2.5 million in a second seed round led by Amadeus Capital Partners, with support from Playfair Capital and Techstars. The UK company will use the new funding to grow its data science and engineering teams and expand into the US market. The insurtech startup […]
With an additional $5 million investment from ING Ventures, London-based Eigen Technologies has sealed its Series B round at $42 million, after an initial close last November. The round was led by Lakestar and Dawn Capital, with Temasek and Goldman Sachs Growth Equity also participating. Eigen’s natural language processing (NLP) technology helps companies parse documents, […]
Concirrus, a London-based insurtech startup, has closed a $20 million Series B funding round led by AlbionVC. The company will use the new funding to expand its predictive analytics platform, geared toward the automotive and marine insurance sectors. Quest is the company’s behavioural-based underwriting platform, which delivers portfolio management and predictive analytics to a variety […]