The financing round was co-led by Tencent and Flerie Invest to support Phase 1b clinical studies and pipeline expansion.
"This major fundraise is a substantial validation of both our team and our world-leading technology. We are fortunate to have the support from new and current investors who have recognised the importance of the microbiome's therapeutic potential and Microbiotica's unique capabilities."
Praetura Ventures backed the Manchester retail technology start-up in a round earmarked for team expansion.
"As a team of former retailers, we’ve seen first-hand how the retail industry is advancing in many areas but falling behind when it comes to making data-driven decisions. We know how much potential there is for AI and machine learning to improve profits and reduce waste in retail, and we are thrilled to have Prateura join us on our mission to modernise merchandising and put data behind the important pricing and inventory decisions our users make every day."
The seed round was led by Merus Capital with participation from APX, Techstars, Verissimo, and angel investors.
"training latest deep learning models accurately on very small data sets, which any local, low-resource language usually suffers from, is a very challenging task because models are usually designed to perform well in English with terabytes of available text and speech data but not in languages with a few hundred megabytes of data."