Ineffable Intelligence raises £14.7m in seed funding led by the British Business Bank
The British Business Bank and the Sovereign AI Fund have backed the artificial intelligence developer in a record-setting seed round.
Share allotment filed at Companies House
A London-based artificial intelligence startup focused on reinforcement learning and experience-driven systems.
Ineffable Intelligence has secured £14.7m in a seed funding round led by the British Business Bank alongside the Sovereign AI Fund. The capital injection supports the company in its mission to build an advanced AI superlearner designed to discover knowledge independently.
The financing package forms part of a broader seed raise that also drew participation from international investors including Sequoia, Lightspeed, and NVIDIA. Company leadership plans to advance its foundational research from its base in the UK.
The transaction marks a significant milestone for European technology funding, representing one of the largest seed rounds recorded on the continent.
Investor perspective
"David Silver is a generational talent who has consistently been on the cutting edge of AI development. Ineffable Intelligence has the potential to produce a paradigm shift in our scientific and technology landscape, and we are incredibly excited to be supporting him and his team in this endeavour."
Charlotte Lawrence
Managing Director of Direct Equity, British Business Bank
Investors
Charlotte Lawrence
British Business Bank
Josephine Kant
Sovereign AI Fund
Sequoia
Lightspeed
NVIDIA
Index
EQT
Evantic
Flying Fish
DST Global
BOND
Categories
About the company
Ineffable Intelligence
Ineffable Intelligence develops advanced artificial intelligence systems through reinforcement learning and experience.