"AI-generated cyber threats are evolving rapidly, and traditional security measures are struggling to keep up. We are building solutions that anticipate, detect, and neutralize threats before they can cause harm. This investment allows us to push our research further, expand our global footprint, and equip businesses and governments with next-generation cybersecurity defenses."
The seed round was led by Fuel Ventures alongside 14Peaks Capital and angel backers to fund international growth and product development.
"Augmetec has been built on decades of experience in conducting hundreds of high-profile investigations into alleged improper conduct. Our fantastic team has deep industry expertise to create specific solutions to solve precise, real-world problems. This is the backbone of LEIAA’s offering, which has been directly experienced and loved by customers worldwide."
The oversubscribed seed round was led by the Development Bank of Wales and Angels Invest Wales.
"We are delighted to have the continued support of our existing investors, as well as the new investors who share our vision for revolutionizing the car insurance industry. This funding will enable us to accelerate our growth and expand our reach, ultimately benefiting both insurers and policyholders."
The Cambridge-based engineering firm secured backing from ACF Investors, Cambridge Angels, and Tony Purnell to ramp up manufacturing of its M2 model.
"As cycling enthusiasts, we wanted to help people find better ways to move around cities. Unlike traditional e-bikes that retrofit motors and batteries onto non-electric designs, we build from the ground up, integrating folding and electric capabilities from the start. By applying aerospace-grade bonding techniques, we’ve eliminated the distortions caused by welding, resulting in a lighter, stronger, and more compact design. Our mission has always been to make cycling easier and more accessible for urban commuters, and this funding allows us to take that mission to the next level with the FLIT M2."
The British artificial intelligence cloud provider has received backing from Saudi Aramco's venture capital arm to establish a regional subsidiary in Riyadh.