Unleash live raises $8M in Series A to scale AI apps for enterprise analytics

Unleash

Unleash live is one of the world’s leading AI video analytics platforms. Now, it announced that it closed an $8 million (nearly £5.8 million) in a Series A funding round led by SafetyCulture. Notably, SafetyCulture is a global operations platform empowering teams to drive workplace improvements and one of the fastest-growing technology companies in Australia. In 2020, it acquired microlearning business EdApp.

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Belfast-based CattleEye bags £1.8M for its autonomous livestock monitoring platform

Cattle Eye

Belfast-based CattleEye uses advanced AI in video analytics to deliver the world’s first hardware-independent autonomous livestock monitoring platform. Today, the company announced that it has picked up $2.5 million (nearly £1.8 million) in a seed funding round led by Techstart Ventures along with participation from Paris-based VC Seventure Partners and Turntide Technologies, a Silicon Valley venture backed by Amazon.

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London healthtech Abtrace that redefines treatment of long-term ailments raises £2.1M funding

Abtrace

A healthtech startup founded by a NHS doctor in London, Abtrace uses machine learning to learn from patients’ health records and suggests tests proactively. This startup just secured £2.1 seed million funding to transform how GPs detect and treat long-term health conditions.

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un:hurd, a London-based AI powered digital platform secures £250K to help independent music artists and record labels

un:hurd

Independent artists struggle to breakthrough in an industry dominated by major record labels. However, Un:hurd, a London-based digital platform, is set to change this. The company will level the playing field, giving independent artists the level of music and marketing promotion that major labels provide their artists.

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OneWeb picks $300M as race for broader internet heats up

Oneweb

In the latest development, South Korean conglomerate Hanwha Systems Co. has decided to invest $300 million (approx​ £216 million) in OneWeb, a London-based Low Earth Orbit (LEO) satellite communications company. The investment brings OneWeb’s total equity funding to $2.7 billion (approx​ £1.94 billion) with no debt issuance. This financing round comes 8 months after securing £293 million from SoftBank Group Corp. and Hughes Network Systems LLC. 

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Northern robotics consortium gets £22.6M investment from Government’s £127M Strength in Places Fund

Human and machine handshake

A consortium based in West Yorkshire and Greater Manchester has been granted £22.6 million from the £127 million Strength in Places Fund of the Government. Notably, this consortium is one of the five projects that will be backed by the research and development fund. Each of these projects have been selected based on the livelihood of societal benefits and ability to accelerate regional economic growth.  

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Elon Musk’s brain computer startup Neuralink scores $205M funding

Brain computer

Recently, Neuralink has raised a Series C round from Google Ventures and others, while its competitor Synchron is making in-human trials in the US. The round raised was around $205m and was led by Dubai-based investment firm Vy Capital with participation from Google Ventures, DFJ Growth, Valor Equity Partners, Craft Ventures, Founders Fund, and Gigafund.

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Coventry-based biotech grabs £6.2M funding to develop its novel biologic delivery platform

n-Syrinx

Coventry-based biotech, NanoSyrinx has raised a further £6.2m of seed financing, co-led by incoming Octopus Ventures and existing investor M Ventures (Amsterdam, The Netherlands), the corporate venture capital arm of Merck KGaA. Previous investors BioCity and the UK Innovation & Science Seed Fund (UKI2S) joined the funding round along with experienced deeptech investor IQ Capital and Jonathan Milner. The round was significantly oversubscribed with high demand both from existing and from new investors.

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UK biotech startup Kuano lands £1M for AI-driven drug discovery

Kuano AI

With artificial intelligence (AI) geared up to transform the pharmaceutical industry, a growing number of biotech and pharma startups are harnessing cutting-edge AI technology for drug discovery and drug remodelling.  To shift the COVID-19 tide and get things back to normal, the sector has become a hotbed for growing investments. Investors have been increasingly optimistic about the promise of AI in drug discovery and pouring more money into AI-driven biotech startups. 

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Bristol tech company that develops hand-tracking solution gets $50M backing from Tencent

UltraLeap

The future is a place where infinite worlds are at your fingertips and you can interact both naturally and in 3D without any controllers. Understanding this, Bristol-based Ultraleap, the world-leading hand tracking, and unparalleled mid-air haptic technologies let you engage naturally with the digital world without touching surfaces.

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British AI edtech startup, founded by female barrister-turned-entrepreneur, just raised $6.5M

Priya Lakhani

Demand for cutting-edge education technology has soared during the pandemic while education has gone online. Among the companies that have mushroomed in this scenario is London-based AI edtech startup CENTURY Tech, which builds AI technologies to improve education and transform learning in schools worldwide. The company just secured $6.5 million (nearly £4.7 million) in funding.

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AI for good: These 10 UK startups debunk pseudo controversies related to AI

UK AI startups

Artificial Intelligence is considered one of the most revolutionary developments in the history of technology. Within a few years, the world has already witnessed the transformative capabilities of this tech. Not to our surprise, AI is already driving several innovations and powering some of the most cutting-edge everyday solutions.

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ORCA Hub secures £2.5M to help offshore energy industry use robots to inspect, maintain, and repair platforms

Orca Hub

The Offshore Robotics for the Certification of Assets (ORCA) Hub is a research programme developing Robotics, AI, and Autonomous Systems for the offshore sector. Recently, the ORCA Hub secured £2.5 million in funding from UK Research & Innovation (UKRI).

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AI enters debt collection: London startup Ophelos secures £1.6M funding

Ophelos

Personal debt has grown exponentially all over the world. Especially, in the UK, nearly 9 million people are over-indebted, which can create a debt spiral where households borrow more to service existing debt. The COVID-19 pandemic has taken this situation to the next phase. As a result, it is estimated that nearly 250,000 small businesses might close once COVID-related support programmes end.

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