The investment was led by Maven Capital Partners to fund international growth and product expansion.
"Sensoteq has developed and launched a market-leading product, giving clients access to previously unobtainable data that is invaluable in ensuring the health and ongoing performance of key production equipment. We have been hugely impressed by the global reach of the company and demand for the technology, and we are aware that customers greatly value and rely upon the technical expertise and support of the entire Sensoteq team. We look forward to working with Idir and Alan to further grow the business."
Quadri Ventures and Second Century Ventures led the investment round to support go-to-market expansion and product development.
"It is a really exciting time for Fyma, and we are delighted to have secured the support of Quadri Ventures, SCV and VeUP to continue our growth journey. Our innovative AI solution saves enormous amounts of time and money for our customers and armed with this investment, technological support and the fantastic strategic network of SCV, we will continue to develop our solutions to deliver valuable, market-leading software for our global client base."
The funding was provided by the North East Venture Fund and managed by Mercia Ventures to support international expansion and product development.
"While it is still early days for the ‘metaverse’, VR and XR technologies have matured significantly and the launch of Apple’s first mixed-reality headset next year is expected to boost awareness and drive global demand. The funding received from Mercia puts Luminous in a strong position to capitalise on that."
The funding round was led by Interpublic Group and Olma Partners to support spatial computing and artificial intelligence development.
"The world of static 2D e-commerce is becoming archaic. User behavior is evolving and brands striving for distinction recognise the need to meet consumer demands for enriched, customisable experiences on the spatial web. This new round of investment reinforces the trust investors place in our mission to revolutionise digital landscapes, equipping businesses with engaging and immersive capabilities."
The funding round was led by JamJar Investments and brings the company's total money raised to £7.8m.
"Solo travel has continued to grow in popularity as people look to expand their horizons and make up for lost time, but in the last two years, we have also seen an increased appetite for building meaningful connections through travel. We’re proud to be doing our part in helping to make cities like London less isolated, with 80% Flashpackers staying in touch after their trip. The recent investment indicates the value in this growing trend and we’re incredibly excited to continue this success worldwide."
