Northern Gritstone and Parkwalk Advisors backed the seed round to support team expansion and product development.
"Medical devices follow a lengthy evaluation with a tiny amount of scientific evidence currently derived from computer modelling and simulation. The cost is ever-increasing, delaying lifesaving benefits to patients. Northern Gritstone’s and Parkwalk’s investment and support will enable adsilico to offer a scalable solution to the medical device market to produce evidence on an unprecedented scale"
— Alejandro Frangi, Founder and Chief Scientific Officer
The funding round was co-led by 3XP Global and Blue Crow Capital to support team expansion and international scaling.
"Everyday, industrial brands across the world are realizing that reducing human errors is not only a persistent competitive advantage, but essential to avoid unmitigated costs."
The Cambridge and Coventry based startup has emerged from stealth to advance its simulation platform for electric vehicles.
"We’re extremely excited to be entering this next phase of our business journey. At Monumo, we are driven by a desire to create a sustainable future and we know that the EV market is a crucial entry point for our technology. By partnering with OEMs and tier one engineering companies, our unique combination of simulation, ML, AI and motor design ability can facilitate genuine near-term impact in the EV industry. These incredible results from our motor simulations are just the start as we look to create genuine system level optimisation for the first time. Naturally we’re excited about the company’s next phase of growth."
The fine jewellery brand secured the investment from entrepreneur Steven Bartlett in exchange for a 3% equity stake.
"We know that lab-grown diamonds are the future. Sharing our story on such a huge platform like Dragons Den was a unique opportunity to help spread the word about this relatively new technology, which allows beautiful diamonds and jewellery to be made, without costing the earth."
