The investment was led by Plural and will fund factory expansion across Europe and the US.
"Today, hardware companies face a tough choice: either spin up their own vertically integrated manufacturing from scratch, or rely on a legacy Western supply chain that’s been decaying for years. CircuitHub is the alternative: providing remote access to a cutting-edge factory through your browser or your AI agent. Just as software companies share cloud compute, hardware companies can now share our Grid."
The laboratory simulator firm raised the funds from new investor Foresight Group alongside Mercia and Finance Yorkshire.
"Laboratory equipment is challenging to operate and technical problems are commonplace. Each service call-out typically costs manufacturers $2,500 and a breakdown can seriously disrupt health services by delaying critical test results. Envoke is tackling these problems. Customer feedback shows our system helps laboratories to reduce downtime and provide more consistent operator training, while enabling manufacturers to cut service costs and boost revenue."
The funding round was co-led by DCVC and Kembara with participation from the British Business Bank and Firgun.
"Today's announcement reflects the strength of the team we have built and the progress they have delivered. Quantum computing will only achieve its full potential if it can be built on a platform that scales, and we believe silicon is the strongest route to achieving that. We are pleased to be joined by investors who share our vision and understand what it takes to build a foundational company in this field."
The $1bn valuation round was led by Symbotic to support the development of fast-charging power solutions for autonomous systems.
"Nyobolt is enabling the always-on, always-moving infrastructure that physical AI demands. The enterprises deploying autonomous systems at scale can’t afford downtime, swap time, or power flickers. Our technology delivers a powerful trifecta: improved performance, exceptional durability, and a more sustainable operation, enabling a new generation of machines to run harder and smarter."
— Sai Shivareddy, Co-founder and Chief Executive Officer
The oversubscribed round was led by DSW Ventures with backing from Scottish Enterprise, SWIM Capital and the University of Strathclyde.
"We’re excited to enter the next stage for Northern Light Microscopy. With the technology validated, this funding enables us to move forward into initial sales, scaling and product line expansion."
