The pre-seed round was spearheaded by Lifted Ventures with backing from nine network angels.
"The UK is at a pivotal moment in its transition away from fossil fuels. While heat pumps are essential to achieving net zero, the industry has overlooked a critical piece of the puzzle: aftercare. Mutha Cuva is here to make heat pump servicing simple, reliable and scalable, giving homeowners peace of mind and helping the UK hit its climate targets."
The London startup secured seed backing from Creandum and other investors to scale its artificial intelligence platform for legacy enterprise systems.
"We believe that IT should be the core growth engine of every enterprise, but today CEOs repeatedly tell us that IT is becoming a blocker to business outcomes: 3-4% of enterprise revenue is spent on system maintenance. Conduct’s AI agents drastically reduce the resource burden of software maintenance, allowing IT teams to focus on system innovation that drives revenue and productivity gains."
The minority growth round was led by Baird Capital to accelerate international expansion.
"The Agentic AI market represents a fundamental shift from reactive automation to proactive, intelligent orchestration. Baird Capital’s expertise in scaling technology companies, network, and global resources will help us accelerate our journey as we focus on driving transformative growth through outcome-driven agentic models,"
Flying Fish Ventures led the seed round to support product development and research capabilities at Hiverge.
"Our quantum research demands highly specialised algorithmic approaches. We’re excited to be collaborating with Hiverge and using its platform to discover novel quantum algorithms. We see strong potential for this partnership to accelerate the scientific breakthroughs we’re pursuing."