The Series B round was led by the Blue Venture Fund to accelerate the deployment of artificial intelligence in echocardiography.
"Echocardiograms uploaded to the cloud and analyzed by artificial intelligence are set to revolutionize cardiac disease treatment pathways by helping more people understand their risk of heart disease earlier and with greater accuracy,"
The grid technology company raised £10.9m from BGF, Breakthrough Energy Ventures, and Eaton to fund global expansion.
"This fundraise is a fantastic endorsement of our business, our team, and the technological solutions we provide. Our new financial and strategic partners will help drive a step change in the delivery of our services to system operators globally, accelerating our ability to enable power grids around the world to rapidly decarbonise and meet their net zero objectives. With COP26 on the horizon as we approach tipping point in the energy transition, we are proud to be an example of how British and Finnish innovation can help overcome the hurdles to decarbonisation and support the global fight against climate change."
Protocol Labs and Metaplanet led the Series B round to accelerate product development for mainstream users and enterprises.
"We’re delighted to have been in a position to choose two more mission-driven investors who back companies that will improve the internet to benefit humankind,"
The funding round was led by Alfvén & Didrikson alongside a debt facility from Pollen Street Capital.
"While two out of three UK drivers want their next car to be electric, the transition can be expensive and daunting. At Onto we’ve been changing the rules of the game for car ownership through our no-commitment, all-inclusive subscription service. Our focus is on providing an easy, flexible and affordable alternative, and we’re seeing huge demand."