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This report analyses funding activity around UK Artificial Intelligence/Machine Learning-centric startups, with a specific focus on software and AI/ML-enabling hardware, to identify the most active sectors and characteristics.
Heightened expectations exist around AI/ML, despite cautious adoption, because it’s clear the ability to apply the techniques to data sources can open doors to new revenue and operational models. And as more processes and operations turn digital, relevant data sources are rapidly expanding. Failure to reveal the value hidden in data is as good as disabling a growth lever. A new generation of software startups is emerging that put AI/ML techniques at the centre of their product and investment is gushing towards them.
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