Today we are excited to introduce the 32 companies who have been selected to join Applied AI 2.0, our growth programme for tech companies with artificial intelligence at their core. Now in its second year, our Applied AI 2.0 forms part of the UK Government’s AI Sector Deal, supported by the Office for AI.
The programme is designed to champion and support the UK’s leading AI scaleups through peer-to-peer learning and mentoring sessions. Companies who deal with artificial intelligence encounter many of the same, niche scaling challenges, and coming together to overcome them and learn from each other is key to the success and advancement of AI tech in the UK.
Harry Rhys Davies, AI Programme Lead, Tech Nation commented: “The UK must take every opportunity to nurture scalable, globally-competitive, homegrown AI companies that solve real problems and have far-reaching impacts on the productivity potential of the economy.”
“The Applied AI growth programme aims to do exactly this, taking 32 of the UK’s most exciting AI scaleups, and through peer-to-peer learning and mentoring removing many of the unique barriers to growth that companies in this sector face. Backed by leading VCs and led by an exceptionally talented group of founders, this cohort of companies is primed to make an impact.”
We are absolutely delighted to have Wilson Sonsini and CBRE partnering on Applied AI 2.0. Their experience and knowledge working alongside scaling companies will be invaluable for providing insight and expertise to the programme.
The UK AI landscape
The 32 companies joining the Applied AI programme represent some of the best AI scaleups in the UK, having gone through a competitive and rigorous judging process. The programme will support companies to scale up and become the AI unicorns of the future.
AI is already a strategic strength to the UK economy, with 1,344 AI companies and a number of well-known and established AI unicorns, including Darktrace, Benevolent AI and Graphcore.
Tabitha Goldstaub, Chair, AI Council and Co-founder, CognitionX and AI programme judge, commented: “The Applied AI cohort is representation of the depth and diversity that UK AI has to offer. The founders are using cutting-edge technologies like quantum machine learning to tackle meaningful, global problems such as better diagnosing cancer, moving us towards ‘net zero’, and drug discovery. 44% of the cohort has a female founder, it’s a diverse cohort, and nearly two-thirds are based outside of London, which demonstrates the strength of AI development across the country.”
New data (from Tech Nation, Pitchbook, 2020) shows that the UK is currently third in the world for VC investment into AI, having raised $1.48bn in 2020, after the US ($17.94)and China ($9.54bn), and leads in Europe.
Looking into the breakdown of AI investment in the UK, the majority of investment flows into Big Data, TMT (Technology, Media & Telecommunications), SaaS (Software-as-a-service) and Fintech. AI investment in SAAS, Fintech and Cyber Security in the UK is up in 2019, with a quarter of the year in 2020 left to go.
Demand for AI skills is continuing to rise in the UK, reflecting the growing AI sector, as well as an increase in demand for AI skills across all industries. Over the past three years we’ve seen a 111% increase from 22,417 to 47,214 (2017-2019).
The cohort stats
The 32 companies chosen to join Applied AI 2.0 represent the range and scope of AI tech companies in the UK. 44% of the founders joining the programme are female, which is almost double the representation of female tech directors (23%) in UK tech.
A high representation of the companies are based outside of London: 59%, with the highest representation of companies outside London being from the South East, East of England and Scotland. An impressive range of sub sectors are represented also, with 34% applying AI to the construction industry, and 28% using AI to solve healthcare challenges.
Other companies joining the programme are applying AI to solve real, social problems, including tackling disinformation online, diagnosing conditions like cancer, and combating climate change.
Most of the companies are B2B (91%), with the average revenue for the cohort being £161k. On average the companies have 14 employees, have raised £2.36m through grants and/or equity.
The programme received 179 applications from across the UK and judges included Sana Khareghani, Head of the UK Government Office for AI; Tabitha Goldstaub, Chair of UK Government AI Council; Nathan Benaich, General Partner, Air Street Capital and Dr Mike Short CBE, Chief Scientific Advisor, DIT. Wilson Sonsini and CBRE are partners for the Applied AI 2.0 programme. Their experience and knowledge working alongside scaling companies will provide insight on international expansion and property management throughout the programme.
Meet the cohort
Archangel Imaging, Didcot, South East – Enterprise Software
Archangel Imaging uses AI at the edge and human-machine teaming to solve global problems like protecting people, animals and infrastructure. They have built AI-enabled cameras which operate in challenging environments and a human-machine teaming platform called Cerebella. Cerebella integrates smart cameras and other sensors to detect anomalies, allowing drone, robotic or human staff to respond in real time.
Arctoris, Oxford, South East – Healthcare
Arctoris generate drug discovery data on demand for pharmaceutical corporations, biotech companies, and academic centres globally. They provide remote access to a wide range of drug discovery experiments which they conduct on their robotic platform, enabling partners and clients to rapidly, accurately and cost-effectively perform research and advance drug discovery programmes, creating a convincing solution for fast, reliable and fully compliant research.
BKWai, London – Construction + Industry 4.0
BKwai are radically improving the built environment throughout the lifecycle of assets – from planning, to construction, to long term asset management. They use data science and AI to leverage insights from manual measurements, sensor data and satellite data, resulting in next generation products for construction and preventative maintenance for a more resilient built environment.
Caristo, Oxford, South East – Healthcare
Predicting heart attacks years before they happen, Caristo are disrupting diagnosis and treatment of coronary heart disease. This bold claim is supported by a solid science platform, with a string of groundbreaking publications in top-tier scientific journals. Caristo’s vision is to be the predominant clinical AI provider in diagnostic imaging, with a plan to tackle major disease areas like diabetes and stroke.
CattleEye, Belfast, Northern Ireland – AgTech
CattleEye are improving the lives of farmers and their livestock by developing the world’s first autonomous livestock monitoring platform utilising video analytics powered by deep learning AI. Farmers simply need to install a low cost security camera over the exit race of their milking parlour, before cloud based AI algorithms start learning how to identify their cows, monitor their welfare and an increasing number of other behaviours.
Cognitiv+, London – Enterprise Software
Helping to modernise the legal sector, Cognitiv+ empowers businesses and law firms with deeper insights on their legal data. Their machine learning technology automatically reviews, identifies and extracts key provisions from complicated corporate and legal documents.
Contilio, London – Construction + Industry 4.0
Contilio is the first 3D AI platform that automatically provides actionable intelligence from 3D data collected from construction sites in real-time, enabling significant savings, semantic digital twins and automated payments for the $12tn construction industry.
Continuum Industries, Edinburgh, Scotland – Construction + Industry 4.0
Continuum Industries helps engineering professionals to design big, complex infrastructure projects better and faster. Their product, Optioneer, lets multi-disciplinary design teams automate their existing design process and use AI to explore millions of design options and find the best ones in hours rather than months.
Conundrum, Cambridge, East of England – Construction + Industry 4.0
Tackling the beast of industrial automation, Conundrum uses AI-driven technologies to address personal data management, quality control and optimization. Conundrum oversees a whole production process and assists factory engineers in decision making, helping to reduce waste and downtime, and prevent defects and unexpected shutdowns.
ILOF, Oxford, South East – Healthcare
Creating an AI-powered digital library of disease biomarkers – and helping to find Alzheimer’s cure, ILoF is enabling a new era of personalized medicine by using AI and photonics. They leverage machine learning to drastically reduce the cost and time of drug discovery, and provide screening and stratification tools in an affordable, fast and portable way.
LGN, London – Enterprise Software
LGN is developing AI to AI communication protocols for the future of mass scaled autonomous system deployments. Their software has been proven to improve model performance on hard classes by 180% when using just 2.5% of the training data, which translates to a direct saving in transfer, compute, processing and storage costs. This allows businesses to scale out the training and deployment of multi-sensor AI systems without exploding their costs.
Logically, Brighouse, Yorkshire – Media
Logically combines advanced AI with the world’s largest fact-checking team to help governments, businesses and the public uncover and address harmful misinformation and deliberate disinformation that is increasingly spread across the world. They have a mission to bring credibility and confidence to news and social discourse globally, aiming to restore trust in a fractured media landscape.
Machine Labs, Edinburgh, Scotland – Enterprise Software
Improving the way consumers shop online, Machine Labs is an automated email marketing solution for ecommerce stores. They harness data science and implement AI to improve email communications, helping store owners to develop quality customer relationships and exponentially boost their sales.
Metis Labs, London – Construction + Industry 4.0
The control of many manufacturing processes still relies on human judgement and experience, which can result in product quality defects, low productivity, and unnecessary CO2 emissions. Metis uses AI-enabled technology to encode human judgement into software – improving the efficiency and reliability of manufacturing processes. Their product includes self-service vision systems, real-time analytics platform, and closed-loop intelligent process control.
Nodes & Links, London – Construction + Industry 4.0.
Nodes & Links empowers project planners to make better decisions, delivering time and cost savings to large-scale projects. Their cloud-based platform combines sophisticated AI models with automation and a smooth user experience, providing a ‘one-stop’ solution for the broader project management function across all major project-related decisions.
nPlan, London – Construction + Industry 4.0
nPlan provides AI-driven risk analysis for major construction projects. They help their clients understand uncertainty and risk using machine learning tech and the world’s largest dataset of construction programmes. Their insights are used to change the course of major capital projects, providing greater certainty and saving tens of millions of pounds.
Okko Health, Bristol, South West – Healthcare
Using your smartphone to protect your sight, OKKO is bringing real-time monitoring of eye health into the hands of patients and linking straight to eye care professionals. OKKO’s software allows patients to self-monitor their sight between in-person hospital visits, through interpreting interactions with a simple video game. It flags those people who may be having problems with their vision ahead of time, to promote early diagnosis, early treatment and to save sight.
One Big Circle, Bristol, South West – Construction + Industry 4.0
One Big Circle are improving safety and operations in industrial environments. Initially developed in the UK rail sector, their intelligent video solution applies Machine Learning to understand environments to raise alerts and increase efficiency and safety. For example, they use thermal camera technology and ML to identify excess heat in sections of electric rail which could cause a dangerous fault.
Optellum, Oxford, South East – Healthcare
Beating lung cancer with AI, Oxford-based Optellum helps clinicians identify, diagnose and track at-risk patients in the early, hence curable stages. Optellum developed the world’s first AI-based Decision Support platform to manage these patients, validated in studies led by lung cancer guidelines authors.
Panakeia Technologies, London – Healthcare
Cancer diagnosis requires a pathologist to examine biopsy images, followed by additional lab tests. This process takes 3-30 days and costs hospitals hundreds of pounds per patient. Panakeia Technologies offers an AI-driven platform for rapid, instrument-free precision cancer diagnostics which eliminates the need for multiple lab-base tests making diagnosis 10 times faster and 16 times cheaper.
Rahko, London – Healthcare
Rahko is one of the world’s most advanced teams in quantum machine learning. With the ambition of “solving chemistry”, Rahko is accelerating the discovery of new materials, batteries and drugs with groundbreaking simulation capabilities. Rahko works in collaboration with large companies whose future success depends on cutting-edge discovery capabilities, and several of the world’s largest quantum hardware manufacturers and quantum cloud providers.
Re:Infer, London – Enterprise Software
Driving revenue and efficiency with conversational AI, Re:infer mines communications data (emails, chats, calls, support tickets) in real-time. It works by extracting multiple semantic intents, entities and sentiment in communications traffic that uncover detailed analytics behind every customer. Re:infer is used to discover, measure and automate processes so that businesses can scale revenue growth and better understand customer retention.
Recycleye, London – Construction + Industry 4.0
Recycleye is training the world’s most powerful machines to bring total transparency, traceability and accountability to the waste management industry. Their team of technologists and creatives has developed computer vision algorithms that replicate the power of human vision to identify every item in entire waste streams – broken down by material, object and even brand.
Robok, Cambridge, East of England – Construction + Industry 4.0
RoboK is using new techniques in computer vision and deep learning to build optimised 3D sensing and perception software solutions for low-power computing platforms. In short, it’s enabling cars and machines to ‘see’ and ‘understand’ the implications of changes to their environment. They obtain 3D information efficiently from a combination of sensors (primarily cameras) and enable object detection, classification, localisation and depth estimation on low-power embedded systems.
SATAVIA, Cambridge, East of England – Enterprise Software
Simplifying aviation decision-making, SATAVIA is helping to make flying smarter and greener. SATAVIA is the only solution delivering actionable insight in aviation which is able to combine and validate multiple environmental, weather, aircraft and maintenance datasets. It makes aircraft condition monitoring 20% more accurate, and delivers fuel savings and emission reductions.
Sonrai Analytics, Belfast, Northern Ireland – Healthcare
Conceptualising raw data into actionable insights, Sonrai performs modern day precision healthcare analysis. Operating in a no-code environment where storyboards can be created, it allows invested clients to derive new findings in the data lakes they create. This, in turn, helps them to drive their own value proposition to entice new clients and investors.
Talking Medicines, Glasgow, Scotland – Healthcare
Talking Medicines use AI to capture the true voice of the patient. They combine conversational AI, self-reporting through connected devices and smart surveys to provide data-driven, dynamic market intelligence on the usage of medicines for drug companies. Real-time, compliant insights can replace traditional focus groups, prescriber reports and clinical profiles to tell pharmaceutical companies who is using their medicines, how, and what they really think of their brands.
Techspert, Cambridge, East of England – Enterprise Software
The world’s first AI-driven solution to knowledge exchange, Techspert maps the world’s expertise by using AI to match experts to business customer needs. Their platform provides an efficient and convenient interface for customers to engage in primary research, and gain insight through calls and surveys with precisely matched experts, as well as efficiently handling payments to experts for their time.
Vector AI, London – Enterprise Software
Vector.ai transforms document and email-driven operations in global logistics. Their platform intelligently gathers content so that operators can respond rapidly to customer and other third-party demands. Built for logistics transactions, including customs declarations, the Vector platform is designed to drive high-performance operations teams using AI.
Vinehealth, London – Healthcare
Vinehealth increases the quality of life and survival of cancer patients by using a combination of behavioural science and AI. Their app allows patients to track, understand and optimise their care, supporting them to feel in control and better self-manage. Through this, Vinehealth generates crucial real-world data to inform healthcare delivery and drug development
Voice IQ, Manchester, North West – Enterprise Software
VoiceIQ is a no-friction phone system for enterprise sales teams that increases revenue and drives automation with the power of voice AI. VoiceIQ’s platform predicts the best time to call contacts and detects and tags important points in conversation in real-time. With seamless integration into the world’s leading CRM systems, VoiceIQ reduces post-call admin to zero.
We Build Bots, Cardiff, Wales – Government
Changing the way governments engage with citizens, We Build Bots has developed an AI powered citizen service automation platform. It leverages chatbots, voice and data analytics to help Public Sector organisations deliver better, faster, cheaper citizen services. They’ve processed 3 million interactions to date and use that data to help the Public Sector better understand their citizens.
Interested in joining our next Applied AI cohort?
Although this year’s cohort has already been selected, you can still pre-register your interest to be the first to know when we open for new applications.
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