The Edinburgh based artificial intelligence firm has closed a seed round backed by private investors.
"This very successful fundraising backed by well-known industry leaders is a huge vote of confidence in our technology and business model, enabling us to scale up our business development efforts as well as continue to invest in cutting edge research and attract the most talented people. Our hedge fund clients have been quick to realise the benefits that our unique machine learning platform can provide, and we are in discussions with asset managers who are keen to integrate our AI into their investment process or seeking to launch the next generation of AI-driven funds. Our modular SaaS platform readily integrates into existing infrastructure making it easy to adopt."
The seed funding round was led by Samaipata with participation from Sova VC, Fuel Ventures, Tekton Ventures, and Eka Ventures.
"Geomiq is perfectly positioned at the forefront of a digital revolution within the manufacturing industry, and has an extremely talented and mission-driven team looking to solve a problem they faced personally as engineers. The team here at Samaipata are thrilled to support Geomiq on their quest to build the world's best and most sustainable manufacturing supply chain."
Episode 1 led the investment round with backing from Superseed and angel investors.
"Most companies now realise that they can’t continue to compete without underpinning decision making with data but when looking to leverage a cloud data warehouse the choice they face is either outsource the processing of data to expensive agencies or hire data engineering and build this internally. With our platform, businesses can put the power of data engineering in the hands of their analysts and achieve a massive acceleration in value in a much shorter time while retaining the valuable knowledge about their own business logic in-house."
The funding round was led by the UK Government Future Fund.
"The investment is a testament to the sustained impact we’ve made across schools and learning institutions. We have refined our services and are now poised to scale the offering. The UN has stated that the world will be 68 million teachers short by 2030. Without a qualified teacher in every classroom in every school, the quality of education for young people will diminish significantly. This will impact the poorest students first and foremost, furthering educational inequality."
