Nasdaq Ventures purchases stake in Newcastle regtech firm


Nasdaq Ventures, the investment arm of electronic exchange Nasdaq, has purchased a minority stake in Caspian, a Newcastle-based anti-money laundering firm. Caspian’s automated investigation technology uses machine learning alongside human expertise to help global banks fight money laundering and financial crime. The two companies will also look for opportunities to combine their research and development […]

Avoira launches thermal cameras to help fight coronavirus

A Bury-based tech firm is helping to lead the fight back against coronavirus by launching a range of “smart” thermal detection cameras. The cameras are being sold by Avoira and use artificial intelligence to detect a person’s skin-surface temperature in just one second, and can scan both individuals and groups. The cameras also automatically alert operators when detecting […]

Lancaster Uni enhances student engagement with cloud-based chatbot


Lancaster University is using Amazon Web Services to enhance the development of a voice-enabled “online companion” with machine learning and artificial intelligence to improve student engagement. The university launched a trial of Ask LU, a chatbot running on the Amazon Web Services (AWS) cloud, delivered via mobile phones and Amazon smart speakers set up in […]

Veterinary tech start-up secures £1M for new diagnosis app


A Leeds-based veterinary research and development start-up has secured £1m in funding. Founded in early 2017 by technology specialist Paul Hallett and experienced veterinarian Robert Dawson, Vet-AI’s Joii app enables pet owners to diagnose and receive recommended treatment, and is set to launch in April of this year. The company has received investment from several key stakeholders […]

Homecare tech business Cera Care invests in AI chatbot to assist elderly


Homecare tech firm Cera Care is investing in new technology by developing an AI chatbot called Martha, which provides decision support to carers based on questions they ask. The aim is that Martha will be able to successfully foresee health deteriorations to pre-empt more serious illnesses and avoid unnecessary admissions to hospital. Cera Care has […]

Pennine establishes partnership with European AI developer Xdroid


Bury-based technology firm Pennine, has secured a partnership with a leading European artificial intelligence developer. Pennine, a communications, data and networking specialist has signed the agreement with Hungarian voice analytic software company Xdroid. The deal will give Pennine’s UK contact centre clients access to automated speech technology which can detect emotions such as displeasure, happiness […]

Peak reaches £5m funding to meet customer demand


Inteligent business system specialist Peak has been backed by a further £1.5m funding boost to help it meet market demand and accelerate its R&D efforts. Peak’s secured capital to date now stands at £5m and has allowed it to expand its operations, taking headcount from ten to 60 in the last two years with plans in […]

E-commerce software firm secures half a million investment


York-based e-commerce software developer, PureClarity, has secured a £500,000 investment from NPIF – Mercia Equity Finance, which is managed by Mercia Fund Managers and part of the Northern Powerhouse Investment Fund (NPIF). PureClarity’s technology uses big data and artificial intelligence to analyse customers’ behaviour and recommend the most relevant products when they search for goods in online stores. […]

Government launches £68 million AI and robotics fund


The Government has announced more than £68 million of investment from the Industrial Strategy Challenge Fund (ISCF) for a programme of robotics and artificial intelligence (AI) projects aimed at improving safety in extreme environments. The programme will develop robots and artificial intelligence to take on jobs in the freezing depths of the North Sea, dealing […]