The London-based University College London spin-out secured backing from Autotech Ventures, UCL Technology Fund, and BGF to fund its commercial market entry.
"In many applications, we are observing that efforts to rapidly electrify are delayed or blocked due to the cost of raising the ceiling of battery performance,"
The funding round was led by Blue Owl Capital to support artificial intelligence integration and product development.
"We have been impressed with CloudPay’s growth, experienced international leadership team, and customer commitment. We are excited about what the future holds for CloudPay and are proud to support their long-term growth strategy."
— Kurt Tenenbaum, Managing Director and co-head Menlo Park Office
The London startup secured £4m from investors including LocalGlobe and Dig Ventures to expand its team and refine its technology.
"Userled brings the power of generative AI to reshape a complex and mission-critical workflow for marketing teams. By accelerating the creation and distribution of personalised content and capturing contact-level insights without cookies, Userled provides a seamless solution to drive efficient growth – a key priority for any B2B company, especially these days."
Parkwalk Advisors led the round with a £1.5m investment alongside a £700k grant from Innovate UK.
"AI as a technology block has huge potential in the sleep tech industry and equally the specific ScentTech sector within that, in which OW is a leader. ML and AI are opening up capabilities of predictions and data integration merging patterns from individual real-time biofeedback with many other core variables around sleep, user profile and environment. OW’s AI engine has been in development for over 5 years. Able to model multiple scent designs through the sleep cycle but taking into account all the huge factors noted above using predictive modelling and database analysis to deliver highly optimised and individual point solutions."
Parkwalk Advisors led the raise alongside a grant from Innovate UK to support the development of sleep technology applications.
"Smell can be our most powerful sense and only now are we realising the potential of technology to translate it for experience, welfare and health. This technology has enormous commercial applications which this new investment will help us unlock."