The funding round was jointly backed by NPIF and Finance Yorkshire with £500k each.
"Healthcare services worldwide rely on rapid and accurate laboratory testing. However, training staff is costly, and machine downtime is commonplace, often due to operator error or simple faults that could easily be fixed with the right support. We believe our platform will dramatically improve productivity by enhancing staff skills and keeping equipment up and running, while also reducing warranty costs for manufacturers."
British Design Fund backs the medical technology startup as it prepares to launch its first consumer products.
"We are delighted to have the backing of the British Design Fund. Sleep health has a profound impact on physical and mental wellbeing, and our technology is designed to help individuals and families achieve better rest. With the support of our investors, we are one step closer to making refreshing, uninterrupted sleep a reality for everyone."
Avery Dennison has backed Addionics in a Series B round to support manufacturing scale and commercialisation.
"We are creating a mutually beneficial partnership. The investment will enable Addionics to accelerate the development and commercialization of its unique technology for current collectors. Our process know-how, materials science knowledge and global reach complement Addionics’ novel technology and entrepreneurial spirit. Equally important, the partnership contributes to advancing sustainability."
— Pankaj Bhardwaj, Vice president and general manager, Avery Dennison Materials Group, Asia, Middle East & Africa
The round was led by Archangels, Par Equity, and Scottish Enterprise to accelerate product development and international growth.
"This investment reflects the growing recognition of the critical need for innovative communication solutions in the underwater IoT sector. The support from our investors will allow us to scale our operations, enhance our product offerings and help industries worldwide manage their resources more effectively. We are grateful for their trust and excited to shape the future of underwater communication."
The investment round was led by IQ Capital and Latitude to accelerate product development and market expansion.
"The world is experiencing an unprecedented demand for power, not only to decarbonise heavy industries but to provide enough resources to handle the surge in AI infrastructure. The energy status quo can’t and shouldn’t sustain these demands. Our vertically integrated technology is already positively impacting customers, enabling them to experience stable, fast charge solutions when they need them the most. I’m delighted to have the confidence of our customers and investors as we further strengthen our mission to push the boundaries of ultra-high-power solutions."
— Sai Shivareddy, Co-founder and Chief Executive Officer
