The London simulation platform has secured backing from Cogito Capital Partners alongside Edge VC, Taiwania Capital, Movens Capital, and High Tech Grunderfonds.
"The pedigree of our investors speaks for itself: their experiences in scaling businesses that focus on vision AI will be indispensable at a time where similarly synthetic data is bringing so much immediate value in the real world. SKY ENGINE AI’ mission is to augment deep learning teams to create AI models that generalize better against unknown real-world data and with reduced algorithmic biases"
The seed round was supported by Scottish angels, existing shareholders, and a Denver family office.
"Having already established the leading position in the digital whisky space; this new capital allows us to cement our market share and grow our consumer audience into new territories. We’re hugely excited to be heading Stateside in 2024!"
Battery Ventures led the financing round, with participation from a16z and Highland Europe.
"We've focused on building a capital-efficient, independent business that was both high-growth and sustainable from the outset. Although we have more cash-on-hand than we've raised, we wanted to bring on new expertise in our target markets as we continue our growth into new verticals and geographies. We are delighted to have attracted a world-class set of investors who bring an unparalleled combination of experience, expertise, and support to hyperexponential in the next phase of our expansion."
The Series B round was led by Temasek to support US and Asia Pacific expansion alongside engineering recruitment.
"We’ve seen incredible customer traction with what we believe is the smartest AI contract copilot on the market. But this is just the beginning. We are building the AI platform for the legal sector – a service that deeply understands every aspect of the legal function, from drafting contracts, researching case law to explaining legal concepts – our AI will help people tackle every legal task. This will help level the playing field between big and small law firms and help more people access legal services. This investment will help us to realise this vision."
