As consumers increasingly become targets for scams, companies such as Featurespace, which uses AI to target financial fraud, have spotted an opportunity. It is working with banks and payment processing firms across the world.
Featurespace, spun out of Cambridge University, is also one of the most promising companies in the sprawling portfolio of IP Group, a FTSE 250 investor in intellectual property. IP Group partners with universities to help commercialise intellectual property. It offers investors a way to back new technologies without shouldering the risk of early-stage development.
Founded in 2001, IP Group is best known for its investment in Oxford Nanopore, a gene-sequencing “unicorn” that last week unveiled its plans for an initial public offering in London, which could value the company at £4