The round was backed by investors including the South West Investment Fund and Waterspring Ventures.
"With its scalable technology and strong foothold in the restaurant sector, Distil.ai is a compelling investment opportunity. The company’s unique access to OpenTable data, along with its credible management team, make it an exciting proposition. Distil is well-positioned to achieve significant growth and we are delighted to be supporting them on this journey."
The out of stealth startup secured backing from Earlybird and Speedinvest to accelerate its three dimensional artificial intelligence prototypes.
"Current AI models generate images pixel by pixel — great for snapshots, but not for immersive, coherent worlds. At SpAItial, we’re building AI that’s grounded in space and time from the start. Our spatial foundation models are a game changer for any application that depends on 3D understanding."
The funding round was led by Mercia Ventures with participation from regional funds and angel investors.
"Cybersecurity is second only to global conflict in terms of factors affecting the economy. Memory safe chips have been shown to prevent 70% of all attacks and would enable organisations to continue using existing software with complete peace of mind. Developing a new generation of chips here in the UK will also help to ensure supply chain security and restore the country’s position as a leader in semiconductor technology."
The pre-seed round was led by Early Game Ventures to support team growth and platform integrations.
"This round gives us the firepower to move fast, expand our world-class team, and partner with games that want the most fair and safe environment for players to enjoy,"