Private investors backed the seed extension to support business growth and platform expansion.
"This £2m of funding will enable us to accelerate business growth and build awareness of the transformational capabilities of a no code apps and automation fabric combination,"
The Seed round was led by Microsoft venture fund M12 to support product development and team growth.
"With today's launch, Memgraph empowers all developers — from the open source hobbyist toengineers at large enterprises — to stream, graph, and build in minutes,"
Scottish Equity Partners led the growth equity round to accelerate product development and international expansion.
"APIs are everywhere. Ordered a pizza online? You can thank APIs for that. Just applied for a credit card? That's APIs from start to finish. The modern enterprise is at its core an API company, and those that want to survive are expanding their API ecosystems rapidly. With that growth comes an increasing need to manage, monitor and secure that complexity."
THG Ingenuity has invested £1.4m for a minority stake in Civo to bolster its cloud infrastructure offering.
"We built THG Ingenuity to remove the burden of multi-partner relationships and complex software and infrastructure. In turn, THG has sought best-of-breed partners that help us create the most seamless, effective, and scalable direct-to-consumer retail models in a single, digital platform."
Insight Partners led the £8.5m Series A round to support growth and technological advancement at Monolith AI.
"Deriving insight from data for decision-making is a complex but necessary challenge for engineering organisations. Engineers understand the data, they are embedded in the business and have the intuitions necessary to know why to process and model data. Democratising Al, by empowering engineers to be self- sufficient in building and deploying Al solutions, helps engineering organisations drive digital transformation more efficiently than other currently available solutions."