The investment will be used to expand the team and build a prototype collision avoidance system for autonomous vehicles.
"MindTrace represents a landmark opportunity to define the artificial intelligence industry through the development of unsupervised learning. Truly unsupervised machine learning has never been achieved and its potential to change society, business and the world is infinite. This combined with a team of global sector leaders based in Manchester – the original home of computers – is an extraordinary recipe. We’re really excited to support the company’s growth going forward"
Startup Funding Club and the London Co-Investment Fund back retail analytics provider Shoppar in their first co-investment.
"We are very excited to support Shoppar, whose technology allows retailers to revolutionise their in-store experience and gather more data from their physical locations. We’re also very pleased to close the first of many co-investments with the London Co-Investment Fund and we thank Funding London for their support in closing the transaction."
The smart home energy company secured funding from over 1,200 public backers on Crowdcube.
"We entered into crowdfunding as we wanted a percentage of the company to be genuinely owned by the consumer. To receive this level of investment from the public is an incredible endorsement for all of the hard work the Verv team has done so far and we’re excited to have brought on board an incredible 1217 crowd investors join us on our journey."
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