London robotics startup, Samudra Oceans, has secured a £150,000 investment from British Design Fund, as part of a £800,000 pre-seed funding round, for its technology that aims to positively impact sea farming and the blue economy.

Samudra Oceans’ innovative AI-powered static monitoring robots use powerful sensors and cameras that enable farmers to actively monitor and predict their seaweed yield. They are designed to support the growth of sustainable seaweed farming by reducing unnecessary and costly boat trips and labour – something which can often far outweigh sale prices.

Eilla AI, a generative AI platform designed to assist M&A, venture capital (VC), and private equity (PE) professionals with financial research, analysis, and document creation, has raised $1.5m in seed funding as it looks to grow the team and scale the company and its offering.

Fantix, a no-code federated learning infrastructure that allows companies to collaborate on training and building AI models and without sharing user data, has closed its first investment round of $1.6 million. The funds raised will be used to continue the development of the technology.

Leading pet health-tech platform company VidiVet Limited has raised a six-figure investment from River Capital managed fund:AI.

Fox Robotics Ltd, in collaboration with the University of Surrey and the Agri-EPI Centre, along with three prominent farms – MA & MP Stockwell Barnsmuir Farm in Scotland, Lutton Farm in Peterborough, and Secretts Farm in Surrey – has been awarded a grant of £998,639 for their ground-breaking FLEXBOT project, from DEFRA and Innovate UK.

GERMANY: Oxolo, a pioneering AI startup with its headquarters in Hamburg, Germany, has successfully raised €13 million to propel its mission of transforming the AI landscape in the realm of video.

Edinburgh based startup, FC Labs, has secured a £150,000 investment from British Design Fund, for its innovative AI-powered platform and brain imaging technology that can help reduce the risk of workplace accidents and fatalities caused by human error.

Vector, a UK startup at the heart of a rapidly growing retail media landscape, has launched this week, with over half a million pounds in investment from an independent group of investors.

PARIS: Retail Robotics Solutions (RRS), a pioneering French startup specializing in AI-driven self-service checkout solutions, has successfully raised €0.5 million in exchange for 6.25% of its shares. The new investor is Ariel Investments Corp (USA), known for its focus on investing in breakthrough technologies. This investment has placed RRS at a valuation of €8 million, marking a significant milestone for the company as it continues to redefine how restaurants and corporate canteens engage with their customers through cutting-edge AI technology.

With Q-Bot’s advanced insulation installed in over 200 homes every month and following a 60% increase in revenue over the past 12 months, Q-Bot has secured a new tranche of investment, totaling more than £3.5million. The new funding will support Q-Bot’s growth in its main market of the UK, in continental Europe and in the USA. In the UK alone, Q-Bot’s high performance retrofit insulation can help insulate the 8-12 million homes that have suspended floors and which are hard to treat using traditional forms of insulation. 

Kuano, a Cambridge-based drug discovery company combining quantum mechanics with AI to design the next generation of medicines, has closed a £1.8m seed funding round led by Mercia Ventures and including ACF Investors, Ascension Ventures, o2h Ventures, Meltwind Advisory LLP and other angel investors.

London-based supply chain startup, Kavida.ai, has secured a further £900k investment to enhance its platform with artificial intelligence tool ChatGPT.