Net AI secures £750k pre-seed funding from Techstart Ventures and others to expand its 5G network intelligence platform.
Techstart Ventures led the pre-seed round, which will fund team expansion and product development.
Net AI develops artificial intelligence technology to improve efficiency and profitability for 5G network providers. The Edinburgh-based startup provides real-time insights into network demand through its cloud-based Microscope platform.
Net AI has secured £750k in pre-seed funding led by Techstart Ventures, with participation from Nauta Capital, Creator Fund, Old College Capital, and Edinburgh Technology Fund. The capital will be used to expand the team, accelerate product development and market introduction, and protect intellectual property.
Spun out from The University of Edinburgh, the startup provides real-time network demand insights to help 5G operators optimise computing power, reduce costs, and lower carbon footprints.
From the founder
"We live in a world with an insatiable appetite for data"
Paul Patras
CEO and co-founder at Net AI
Investor perspective
"We are very excited to add Net AI to our Nauta Labs investment portfolio. Their one-of-a-kind AI technology builds on years of research conducted at one of Europe’s top computer science research centers and is the first to perform traffic decomposition via deep learning, which enables large-scale classification of traffic streams in real- or near real-time. This will be a game changer for the management of tomorrow’s cloud-based virtualized mobile networks. It fits well with our focus on backing deep tech European companies at the pre seed stage with our Nauta Labs initiative."
Pratima Aiyagari
Partner, Nauta Capital
Use of funds
- 01Grow the team
- 02Continue product development
- 03Accelerate go-to-market
- 04Scale operations
