Nimble Ventures led the financing round with participation from Lockheed Martin's fund, Calculus Venture Capital, Entrepreneur First, and LM Ventures.
"Quoting is one of the biggest hidden bottlenecks in precision machining: move too slowly, and shops can lose the opportunity, or price inaccurately and they can lose margin once the job reaches production,"
The pre-seed round was led by Episode 1 Ventures with participation from High-Tech Gründerfonds, Pi Labs, and sector angels.
"We built Veridue as the solution we wished we had when we were the ones carrying the risk on a decision. It is not simply a chatbot pointed at a data room,"
Moonfire Ventures led the seed round for the London-based commercial intelligence startup.
"We reduced their time to produce a report or answer a question by 94%. Whereas before it was four hours to produce a report, senior executives were waiting hours and hours for an answer. We brought that down to a few minutes"