The financing will support manufacturing expansion and commercial launch preparation ahead of clinical trials.
"For decades, continuous monitoring has been held back by the same legacy technology. This is about to change. We’re thrilled to be partnering with Ascensia, a global powerhouse in the space, to deliver, as a first step, something radically better to millions of people with diabetes,"
Winfred reads them overnight, pulls out the facts, checks them against Companies House and files them. It was built by C8VA, who do the same kind of work for other businesses: turning messy, unstructured material into something you can search, count and rely on.
The funding package was led by the Scottish National Investment Bank alongside Scottish Enterprise, PXN Group, and Archangels.
"The Bank is delighted to continue to support the growth of iGii alongside our co-investors PXN Ventures and Archangels and now with the support of Scottish Enterprise. The capital that iGii has attracted is a strong indicator of the exciting potential for its Gii technology and the positive impact it could have in the world."
— Alastair McMillen, Associate Director – Sustainable Places
Gresham House Ventures led the Series B round, with participation from existing backers Pembroke VCT and Ingenii Capital.
"This round of investment means we can take what we’ve built in the UK into new European markets and compete on the global stage. Payments have been dominated by a small number of incumbents for a long time. We want to provide a powerful and efficient alternative to businesses, not just in Europe, but globally,"
The legal AI startup has extended its Series B round with backing from Intact Private Capital and FT Ventures, pushing total funding to $114m.
"Every dollar that leaves a legal team and goes to outside counsel is a decision. Too often, those decisions are made by default rather than by design, because legal teams have never had the infrastructure to handle the work internally. Wordsmith gives them that infrastructure,"
Omar Mir leads a Series B investment into the artificial intelligence waste analytics firm.
"Waste is one of the planet's largest untapped resources, and data is the infrastructure that unlocks it. This funding lets us scale rapidly across North America and Europe and continue growing our AI, data science and product teams,"