13th July 2020
Machine Labs has raised a Seed Extension round of £1 million ($1.25 million) lead by Techstart Ventures alongside the founders, the angel investors Bill Dobbie and Richard Freedman, and the British Business Bank. An additional £100,000 was provided in grant funding by Amazon and Scottish Enterprise.
13th July 2020
BrainWaveBank Limited, an artificial intelligence (‘AI’) company focused on developing a machine learning-enabled neurocognitive platform for in-home assessment and remote monitoring of central nervous system disorders, including neurodegenerative diseases such as Alzheimer’s, and psychiatric conditions such as depression and schizophrenia, has closed a £1.1m financing round led by Par Equity and supported by current investors Techstart Ventures, Co-Fund II managed by Clarendon Fund Managers, Angel CoFund, and new investment from British Business Investments. This is the second investment that Par Equity has made in BrainWaveBank.
18th June 2020
SLAMcore, a UK company developing spatial AI algorithms for robots and drones, has secured$5million in a funding round led by Octopus Ventures and MMC Ventures, with participation from Amadeus Capital Partners. The funding will allow SLAMcore to meet the increasing demand of the robotics market, which has seen demand skyrocket due to COVID-19. This has occurred particularly in drone, robots and AR/VR usage, as effective robotics solutions that can support the ‘new normal’ of a post-COVID-19 crisis world are accelerating. Existing investors Toyota AI Ventures continue to provide strategic support to SLAMcore.
2nd June 2020
Service Robotics Limited, a health and wellbeing business focusing on supporting the vulnerable and elderly through innovative technology, has raised £600,000 in their latest funding round. The funding includes a £300,000 equity investment from the Cornwall & Isles of Scilly Investment Fund (CIOSIF) and investment from Britbots and the Enterprise 100 Angel Investment Club. The company has created an intelligent companion robot that will assist the elderly via patient-centred interactions. GenieConnect® helps users by providing companionship and support by offering services such as prescription management, medication reminders, daily welfare checks, video calls and music entertainment.
2nd June 2020
Aberystwyth based Agxio has completed a £750,000 equity investment round to support the development of advanced data science and AI solutions in agri-tech and agri-fintech.
The £750,000 investment comes from a mix of existing investors and the Development Bank of Wales plus match funding from new professional investors.
29th May 2020
The Silicon Valley Bank’s Future of Robotics Report, which looks at emerging topics in the industry, including VC appetite for robotics, how automation affects the labour market and the impact that the Covid-19 pandemic might have on the next wave of automation, has been published.
26th May 2020
Continuum Industries, which provides AI tools for engineering professionals to rapidly design linear infrastructure projects and reduce their costs, has raised £1.5M in seed funding to make its technology widely available to infrastructure planning and design teams around the world.
The round was co-led by Playfair Capital and Credo Ventures with participation from Techstart Ventures, Simon Blakey, Michael Blakey and others.
4th May 2020
Lifebit Biotech, a leading innovator in bioinformatics and cognitive software solutions, has closed its Series A funding round of US$7.5M (£6 million) led by Idinvest Partners, to fuel ongoing product innovations and global market expansion. Previous investors Pentech Ventures LLP, Beacon Capital, and Connect Ventures also participated in the round.
1st May 2020
Bot-Hive, a digital marketplace for robotics and AI solutions has successfully completed a six-figure equity funding round.
Bot-Hive is a digital marketplace which connects SMEs with the right automation technology for their business and shows them the best way to introduce robots to their workflow processes.
30th April 2020
Kluster has received a $1m investment from VCs Newable and SuperSeed, alongside Cognism CEO James Isilay. The announcement comes in the same week GoCardless signed up as their latest enterprise client. Two years since their AI platform went live, Kluster have raised funds to capitalise on surging demand for revenue analytics on both sides of the Atlantic, with current customers already spanning Europe, US and Canada.
24th April 2020
Peak, the pioneer of the enterprise AI System, has completed a $12 million extended series A funding round led by existing investors MMC Ventures and Praetura Ventures. This fresh investment brings Peak’s total amount of funding to $18.5 million. Peak will use the incoming capital to support its rapid growth and commercial expansion and to ramp up investment in R&D.
17th April 2020
Medopad has changed its name to Huma and has acquired two UK AI and wearable technology businesses, BioBeats and TLT. The rebrand and acquisitions support the company’s mission to use insights gathered by remote monitoring to help healthcare, life sciences and innovation partners understand, treat and prevent poor health. By collectively benefiting from the data people individually generate, Huma aims to give knowledge and power to individuals, while saving clinicians time, energy and valuable resources.