Gabriel Investment Syndicate and Scottish Enterprise backed the Edinburgh space firm to accelerate research and design.
"We are in the midst of the second space race with rocket developers on the cusp of launching from UK soil, with the number of launches across the globe growing exponentially."
The pre-seed round was led by 468 Capital to fund product mass production and rollout.
"It is our core belief that we have overprotected children in the real world while under protecting them in the virtual world. KARRI is designed to help redress this imbalance by eliminating the need to give young children a smartphone. Parents are increasingly concerned about their children’s online safety and extensive screen time, yet they value the benefits of staying connected with them at all times in the real world. We’re excited that KARRI will allow children to roam free, explore, and gain independence while ensuring their safety and giving parents peace of mind. We aimed to make it as easy as possible for parents and children to stay in touch, so we have built a screen-free solution that is simple and reliable."
Speedinvest led the oversubscribed pre-seed round to support product development and international growth.
"By utilising AI to automatically digitise the things users own from the point of purchase, we’re making it possible for people to receive offers on items they haven’t actively listed for sale,"