The Development Bank of Wales led the round to support the commercialisation of the company's caregiving technology.
"The elderly population is rapidly growing, and the care sector is struggling to keep pace. We need over a 50% increase in paid carers by 2030 to ensure adequate care. The current situation calls for innovative AI solutions, like Hestia, to address the urgent need for caregivers and fulfil the care sector’s economic and job creation potential,"
Barclays Bank led the seed financing alongside Main Set, bringing total funds raised in the round to £4m.
"I couldn't have asked for a better group of investors – all of whom have been incredible cheerleaders for our mission to modernise the wealthtech space. I am excited to demonstrate to the market how we will not only enable organisations to offer incredible, omni-channel wealth management products to clients, but to do so at high speed and with cost efficiency,"
Momenta led the Series A round to support the company in expanding its customer base and exploring new industrial applications.
"We chose to invest in Luffy because of their team’s deep expertise in industrial control and AI. Their solution aligns with our investment focus on adaptive industrial systems capable of learning and adjusting to dynamic environments, from automation to autonomy,"
Growth Catalyst Partners has backed the virtual production studio to fund global expansion and technology development.
"For over 10 years Dimension has been at the cutting edge of realtime and virtual production, with our advanced 3D content pipelines and technologies powering major films, shows, media, and entertainment experiences."