The financing round was co-led by Speedinvest and firstminute capital to help double the startup engineering team.
"In one case, a machine learning engineer used Tenyks to identify the root causes of 80% of their algorithm’s failures. These findings helped them deliver higher quality results to their customers because of the significantly improved system performance. Moreover, future new deployments can be onboarded in half the time because the engineers can now focus their efforts on alleviating the key bottlenecks,"
Green Angel Syndicate led the funding round to support the commercialisation of the company products.
"When you’re riding a bicycle 8 to 15 hours a day, with a 300-500kg load, the current technologies for the chain drive just can’t do that justice. Our new Enduo chain technology is the world’s fastest and most durable cycling chain drive. By reducing friction, the chain wear reduces, and the bike goes faster with every pedal. Our patented technology has delivered a small change that has a massive effect. We innovate through design, improving efficiency and durability without increasing cost."
Octopus Ventures led the Series A round with participation from Warner Music, IDEO, 4 Good Ventures, and Metaplanet Holdings OÜ.
"Music isn’t just a luxury, it’s an essential part of life. Whether for sleep, mental wellbeing, exercise, or a much-needed adrenalin rush, music is there to soundtrack our lives. LifeScore wants to bring the composer into the action, using Augmented Intelligence to surprise and delight, rendering music reactive and dynamic in real-time. We are thrilled to have found such supportive partners in this investment round, and believe that this will enable us to bring an entirely new music platform to fruition whilst creating many opportunities for musicians."
The funding round was led by Channel 4 Ventures and Centerstone Capital to support UK expansion.
"As we continue to focus on growing an investment portfolio of like-minded purpose-driven businesses, we were particularly impressed with WeAre8 and its founder Sue Fennessy. The WeAre8 technology presents a compelling and ethical alternative social digital platform for brands to communicate with consumers. We’re really excited to support WeAre8 and hope the campaign launch across our powerful marketing platform will resonate with our core young viewers who care passionately about environmental and societal issues, and drive mass adoption in the UK."
