Speechmatics, the leader in machine learning and automatic speech recognition, has raised £6.35m in Series A funding led by AlbionVC; IQ Capital followed on in this round along with several angel investors.
Nu Quantum, the quantum photonics company, today announces the completion of a £650,000 pre-seed investment round. The over-subscribed round was led by Amadeus Capital Partners, with participation from IQ Capital, Ahren Capital, Cambridge Enterprise and Martlet Capital, the investment arm of Marshall of Cambridge Group.
The U.K. is currently third in the world for raising investment in AI and second for the number of AI companies in operation during 2019 (Crunchbase data). Still, 89% of the AI ecosystem in the U.K. consists of startups with 50 or fewer employees. Starting is not an issue, scaling is.
BMLL Technologies, a Data-Engineering-as-a-Service company, has appointed Lee Hodgkinson, CEO of golbal derivatives trading and education firm OSTC, as Chairman of tsh Board, having been appointed a non-executive Director.