Fuel Ventures led the pre-seed round, which values the recruitment technology start-up at $6m.
"Recruiting is broken. It’s a slow and manual process, with extremely expensive hiring fees, and hundreds of unsuitable applications. Hiring managers are frustrated, and candidates are burnt out applying to job advert after job advert and then never hearing back. That’s why we have built Alfa. Our AI Agent is capable of millions of calls simultaneously, in any language, at 97% lower cost than a human."
"AI-generated cyber threats are evolving rapidly, and traditional security measures are struggling to keep up. We are building solutions that anticipate, detect, and neutralize threats before they can cause harm. This investment allows us to push our research further, expand our global footprint, and equip businesses and governments with next-generation cybersecurity defenses."
The seed round was led by Fuel Ventures alongside 14Peaks Capital and angel backers to fund international growth and product development.
"Augmetec has been built on decades of experience in conducting hundreds of high-profile investigations into alleged improper conduct. Our fantastic team has deep industry expertise to create specific solutions to solve precise, real-world problems. This is the backbone of LEIAA’s offering, which has been directly experienced and loved by customers worldwide."
The oversubscribed seed round was led by the Development Bank of Wales and Angels Invest Wales.
"We are delighted to have the continued support of our existing investors, as well as the new investors who share our vision for revolutionizing the car insurance industry. This funding will enable us to accelerate our growth and expand our reach, ultimately benefiting both insurers and policyholders."
The funding round was led by Molten Ventures to support product development and international growth.
"We are thrilled to have the support of Molten Ventures and Lloyd's, two powerhouses in innovation and insurance, respectively. This investment will accelerate our ability to build sophisticated risk models for the renewable energy sector, empowering stakeholders to navigate the complex challenges of disaster risk with confidence."