The financing concludes a total Series A raise of £9.5m and will support global expansion and AI product integration.
"We have invested heavily in data architecture and leveraged our governance expertise to build data structures that ensure the utmost integrity around entity data, which enables the development of highly accurate and time-saving AI features. Thanks to this funding round, we can supercharge the Kube platform to empower enterprises to manage, analyse and visualise entity data in a way that will transform day-to-day operational efficiency. We’re delighted to be partnering with Barclays as both a customer and investor, and to see our relationship with Nasdaq Ventures go from strength to strength."
"The success of any surgery depends not only on what happens inside the operating theatre but also on having a smooth-running operation behind the scenes. At Scalpel AI, we work with leading medical device companies and healthcare organisations to transform their logistical supply chain and reduce costs by millions of dollars. Together, we are making surgery safer for patients while paving the way for personalised surgery, which we believe is the future of healthcare."
The oversubscribed round was anchored by IP Group, Parkwalk Advisors, and AlbionVC.
"There is a massive market opportunity for start-ups that figure out how to harness the potential of AI to transform how software gets built, tested, and deployed. Our investment in the company reflects our belief in its potential to be an important player in the next generation of AI-powered software development tools."
Northstar Ventures led the pre-seed round to support software development and regional team expansion.
"FAT32 is delighted to be the first investment from the Venture Sunderland Fund. We are truly passionate about levelling up the North East by creating skilled digital jobs in the region and are thrilled to be working with Northstar Ventures to do just that."
