Northern Gritstone and Mercuri co-led the pre-seed round to help the Newcastle-based artificial intelligence firm commercialise its technology.
"We’re at a pivotal moment for AI with adoption continuing to accelerate alongside sustainability and cost concerns. Our logic-based AI offers a new solution for those that want and need high-performing AI that is faster, more energy efficient and more explainable than what’s currently available via neural networks. This funding comes at a time when we’re ready to significantly speed up our product development and will enable us to bring our first product to market later this year."
The pre-seed round was led by DSW Ventures with participation from York Angels and international angel investors.
"We’re thrilled to have the backing of DSW Ventures, York Angels, and our wider investor group as we build the go-to platform for hybrid fitness athletes. This investment allows us to accelerate product development, enhance the user experience, and grow our footprint within the Hyrox and wider hybrid fitness communities. As athletes ourselves, we’ve built RoxFit to solve real problems we’ve experienced, and this funding brings us one step closer to helping thousands more to train smarter and race better."
