Startup Funding Club backs artificial intelligence biomedicine startup Intoolab in its seed round.
"We are thrilled to be part of such an important portfolio and to work closely with such a great team like SFC. Since the first time we met, Stephen Page showed us that we understand each other and share the same ambition towards global reach and technological excellence. Our main goal is to show the Medicine world that Intoolab and Tzager will soon be the closest they can get to true AI – especially when talking about drug discovery. You cannot have better scientists than those that can process millions of data in minutes, while at the same time understanding the whole process from a research objective to its completion. This is what we do."
West Hill Capital led the Series A round with backing from Hyundai, Sumitomo, Aviva Ventures, and Breed Reply to fund international growth and product development.
"Across the world 'Smart City' projects are underway to develop autonomous vehicle and intelligent mobility solutions to help save our cities from grinding to a standstill. The challenge is real and technological innovation is racing ahead of the legacy infrastructure in place to manage a key piece of city real estate – the kerb. By empowering local authorities with the tools that help them better manage and open up their kerbside, we’re helping them to address key issues like congestion and air quality, whilst also laying the future foundations for truly sustainable intelligent mobility. It’s a real achievement for the whole team to secure this investment and I’m extremely excited to have Hyundai and Sumitomo on board to support our mission. Work is already underway to take our mission global as we aim to make the humble kerb work for everyone, and help cities thrive."
Maven led the Series A investment to support product innovation and team expansion.
"Corporates have grown tired of yet more platforms and content. They don't need more of these. What they need is to make better use of what they have through expert curation, algorithmic recommendations and intelligently placing this where employees are, in the flow of work. This investment signals a shift in Learning and Development towards consumer-grade technologies and experiences and enables Filtered to lead that charge. And Maven are the ideal investors for us: smart, straightforward and interested in making the future of work a better, happier one."
The funding will help the sustainable indoor farming company scale its operations.
"I am truly honoured to have won amongst such an impressive group of finalists. Making it through the competitive process for the national competition is fantastic validation for the potential impact of our technology. It’s a testament to the amazing work from our whole team over the past three years, to bring our unique indoor growing products to market. We’re looking forward to working with the best growers from around the world, to realise the full impact of our technology over the coming years!"