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17th January 2019

Seldon secures £2.7m in Seed round led by Amadeus

Seldon, the machine learning deployment specialist, today announced a £2.7m funding round led by Amadeus Capital Partners alongside Global Brain Corporation, Techstars and other existing investors.

Seldon is a pioneering global technology business focused on the fast-growing machine intelligence market. Its open-source machine learning deployment platform makes it easier and quicker to manage, serve and optimise machine learning models at scale. The platform is built on cloud-native technologies such as Kubernetes.

Since its inception in 2014, Seldon has built a global community of loyal users who leverage their diverse industry backgrounds to provide validation and feedback. Seldon’s initial product offering, Seldon Core, had over 170,000 installs in 2018 and recorded 38% month-on-month growth in H2 2018. In 2019, it will release new enterprise-scale software, Seldon Deploy, which enables data science specialists to move into production more easily with compliance, offering audit trails and approvals, advanced experiments, and model explanations.

14th December 2018

Wandelbots raises €6m from Paua Ventures and EQT

Wandelbots, the company that is democratising robotics with demonstration-based teaching, has secured a €6 million Series A funding round from Paua Ventures, the EQT Ventures fund and existing investors. The funding will be used to grow Wandelbot’s team and expand the company’s global presence. One year after launch, Wandelbots is already working globally with automotive and electronics manufacturers, such as Volkswagen, Infineon and Midea

11th December 2018

Investing in Computing Architecture – Part II

Eva Rez from Episode 1 gives her explores Investing in Computing Architecture in the second part of this series.

6th December 2018

Investing in Computing Architecture: viewpoint from Episode 1

Episode 1's Eva Rez gives her insight into the opportunities and challenges around investing in Computing Architecture.

3rd December 2018

Meet the second batch of startups from Europe's first AI accelerator

Rockstart has selected the startups for its 2nd AI accelerator program located in Den Bosch, the Netherlands. Talented women and men from seven different countries will spend the next 180 days building and refining their products, talking to mentors, and connecting to potential investors and customers. 

8th November 2018

Foresight Williams Technology EIS Fund invests £1.5m Inovo Robotics

Foresight Group announces the £1.5m growth capital investment into Inovo Robotics Limited on behalf of the Foresight Williams Technology EIS Fund.

Inovo is developing a low-cost collaborative robot (“cobot”) that can integrate into existing workforce processes. Inovo’s modular design means the cobot can be easily adapted to varying customer requirements.

Henry Wood and Jonathan Cheung, previously senior engineers at Northrop Grumman, founded Inovo in 2016. Both founders possess deep technical expertise and experience of delivering complex engineering development projects and, between them, they have more than 30 years of combined experience in robotics and engineering.

7th November 2018

Partech leads $1.6 million seed round for AI analytics firm, a London based AI analytics startup, announced today that it has raised a $1.6 million seed round to fuel the company’s rapid growth and the development of the first AI powered marketing analyst.

The round has been led by Partech. Other notable investors include Sophia Bendz, who previously led marketing at Spotify for 7 years and Nicolas Pinto, founder of Perceptio which was eventually acquired by Apple.

26th October 2018

Klydo Raises £1m To Codify Innovation

Klydo, the innovation research assistant that uses advanced machine learning technology to help consumer brands accelerate their product innovation, has announced a £1m funding round, led by Episode 1. Paul McNabb, Managing Partner of Episode 1, commented, "this was one of those where everything came together. A strong technical founding team, truly innovative technology and a clear customer use case."  The round, which also included investment from retail and consumer sector specialist True and prominent angel investor William Tunstall-Pedoe (Founder of AI assistant "Evi", acquired by Amazon to create Alexa), will be used to expand the core team and accelerate Klydo's reach in the consumer brand space.

1st October 2018

Amadeus leads $5m fundraise for SLAMcore

SLAMcore, a UK company developing spatial artificial intelligence (AI) algorithms for robots and drones, has raised $5m in funding led by global technology investor Amadeus Capital Partners. Existing investors Mirai Creation Fund and Toyota AI Ventures joined the round alongside newcomers MMC Ventures and Octopus Ventures.

“The robotics revolution may seem just around the corner but there is still a big gap between the videos we see on the internet and real-world robots,” said CEO, Owen Nicholson. “SLAMcore is helping robot and drone creators to bridge the gap between demos and commercially-viable systems.” 

20th September 2018

Retail AI firm Nosto raises $7.4 million

Nosto, a leader in ecommerce personalization and artificial intelligence (AI) tools for retail, has raised USD $7.4 million led by European investment companies Tesi, Open Ocean and Idinvest. Nosto’s innovative retail personalization solutions have fueled a three-year growth rate of 260 percent in North America driven by deep relationships with 2,500 of the world’s fastest growing retail brands. To date, Nosto has raised more than $25 million from investors to further expand its leadership in artificial intelligence and deep learning for retail.

29th August 2018

Spotinst raises $35 million in a Series-B funding

Spotinst has raised $35 million in a Series-B funding round for its AI based workload management platform, which helps companies to manage and optimize their cloud computing spend across several cloud providers.

The funding round was led by Highland, with participation from existing investors Leaders Fund, Intel Capital, and Vertex Ventures. Spotinst has now raised approximately $52m since launch.

Founded by Amiram Shachar, Liran Polak and Aharon Twizer in 2015, Spotinst helps businesses to manage their compute infrastructure across different cloud providers, while also achieving savings of 80% on average on regular cloud computing costs, by tapping into excess compute capacity in data centres operated by Amazon Web Services, Microsoft Azure and Google Cloud.

20th August 2018

AI delivery start-up On the dot lands £8m in funding

On the dot, the machine learning-driven last mile delivery start-up, and part of CitySprint Group, has announced today it has received an additional investment of £8 million from its parent company, which is itself PE-funded. This new round will help fund On the dot’s further growth: product development, senior hires and international expansion, and builds on the £17.7 million invested in On the dot since its establishment in 2015. Globally, more than $11 billion (£8.5 billion) has been invested in start-ups disrupting the last mile delivery market since 2007.

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