Amadeus Capital Partners led the Seed round, with backing from Ahren Innovation Capital, IQ Capital, Cambridge Enterprise, Martlet Capital, and Seraphim Capital, to fund new labs and recruitment.
"Our aim is to enable the potential of quantum mechanics using quantum photonics hardware. This funding will allow us to do just that – a world-class multidisciplinary team and our new laboratories will give Nu Quantum the ability to deliver meaningful demonstrations of our technology into the hands of customers and partners for the first time."
The seed round was backed by investors including 365.fintech, Seedrs, and FunderBeam to support product development and team expansion.
"The investment brands we know today fall under two extremes: self-directed DIY investing, where it may be fun and sticky but, as many have pointed out, the risk of losing your money is extremely high; on the other hand, done-for-you portfolios which are managed for you or simply indexed but do not provide any flexibility, meaning you don’t get a sense of involvement, or the ability to avoid general market losses during unprecedented events like COVID-19. Investment is better when people work together to avoid bias, which is why we are building a new model for investors combining AI and Crowd Wisdom to create Wisdom in Crowds™. Our mission is to protect people from losing their money while empowering them with the tools to enjoy making more thoughtful investment decisions"
The funding round was led by existing shareholders to support platform feature expansion.
"We are delighted by the industry’s response to Insurwave, as we continue to onboard clients across risk owners, brokers, insurers and reinsurers. We are mission-centric in our approach to provide a digital-first platform for complex insurance that can benefit the sector at large."
Local entrepreneurs Daniel and Connah O'Toole lead the seed round, taking a majority stake as UpriseVSI rebrands to Flex Systems.
"Innovation is a core value of our business and, in 2016 we started the investment in developing a technology platform that would ensure that RMS remained at the forefront of its industry."
