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.

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.   

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.

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. 

Glasgow-based Visual Management Systems (VMS), a leading provider of bespoke Physical Security Information Management (PSIM) solutions, is working on a collaborative project with the University of Leicester. 

Sure Ventures plc, a London listed venture capital fund that invests in early stage software companies across a range of high-tech verticals, is leading a €1,250,000 investment round in Getvisibility, an AI security company.

QVentures has made an investment in SaaS start-up Smartia, which provides artificial intelligence solutions to industrial companies. 

Smartia provides AI solutions that connect and transform industrial data into actionable insights. MAIO, Smartia’s Industrial Intelligence platform, combines edge computing, big data technology and AI-driven applications to provide a complete digital solution for the manufacturing and engineering industries. The Industrial Intelligence platform gives users the tools to do jobs faster, easier and more efficiently.  

The o2h Therapeutics and AI Fund, an early stage S/EIS fund investing in biotechnology therapeutics and related AI opportunities, has made an investment in Turbine, a simulation-based drug discovery company.

Based on a decade of research, Turbine’s biologists, bioinformaticians, data scientists, and AI engineers built the Simulated Cell. This platform is comprised of a dynamic computational model of the human cell and the underlying simulation technology to find the smartest route to novel targets, biomarkers, and combination therapies.

Leading marine and automotive insurtech Concirrus has announced that it has closed a $20 million Series B funding round led by AlbionVC.  The funding also includes participation from current investors IQ Capital, EOS Venture Partners and several angel investors.  The company has developed a behavioural-based underwriting platform called Quest which delivers portfolio management and predictive analytics using the latest advancements in big data aggregation, AI and machine learning. Adoption of the platform is changing the future of risk selection, pricing and claims throughout the value chain.

FeedStock, an AI-driven SaaS business that leverages the latest natural language processing technologies to enable financial services companies to meet both their compliance requirements and commercial goals, has secured a £2.5m investment in a funding round led by Praetura Ventures.

Blackfinch has invested c.£500,000 in London-based company Auro, founded in 2016. Auro offers a fitness app that provides its users with tailored audio-based workouts.  

The Artificial Intelligence-driven app has over 65,000 users. Since launch the company has generated traction and revenue through its partner strategy, already securing partnerships with tier-1 companies such as O2 and Wiggle on the strength of its initial product.

Celonis, the market leader in AI-enhanced Process Mining and Process Excellence software, has raised approximately $290 million in Series C funding, valuing the company at $2.5 billion. Leading global enterprises including 3M, Airbus, Danaher, L’Oréal, Lufthansa, Siemens, and Uber rely on Celonis to improve the efficiency of their finance, supply chain, IT, sales, and customer service functions.  Arena Holdings led the round alongside a group of principal investors and established entrepreneurs who have successfully scaled profitable, high-growth businesses.