Big data, robotics and AI fuelling VC investment in London

Cutting-edge, emerging technologies such as artificial intelligence (AI), robotics and big data are among the fastest growing areas for investment according to analysis of venture capital flows into London's tech sector carried out by the founders of London Tech Week. The findings reveal that London's AI and machine learning companies have become particularly attractive for investors, with 20 times more investment in 2016 (£85.75 million) than the amount raised in 2011 (£3 million). Deputy Mayor for Business, Rajesh Agrawal said: "London is the technology capital of Europe. With a rich melting pot of creative talent, London is leading the way in the development of emerging technologies such as mobile payments, big data and artificial intelligence. Our world-class tech sector is creating jobs and growth across the city, with Londoners working alongside the best and brightest from across Europe and all over the world."