Signaloid raises £3m seed funding led by IQ Capital to scale operations
The seed round was led by IQ Capital with participation from Type One and Creator Fund.
Signaloid develops a computing platform that enables organisations to compute real-time uncertainty in existing software without modification. Its technology supports applications across finance, materials modelling, and autonomous systems.
Signaloid has secured £3m in seed funding to expand its operational capacity and address larger industrial applications. IQ Capital led the financing round, with additional backing from Type One and Creator Fund.
The company provides a computing platform that processes unmodified software to calculate real-time uncertainties in data. The new capital will allow the firm to scale its engineering implementations and engage customers with heavier workloads.
Founder and CEO Phillip Stanley-Marbell noted that the investment will accelerate platform adoption and team growth. Signaloid aims to move its developer platform users into full production deployments.
From the founder
"We are excited about the opportunity which the investment will provide for Signaloid to accelerate the adoption of our platform. The investment will allow us to further strengthen the team in strategic areas and to scale the number of use cases of our platform, from the hundreds of signed-up users we have on our developer platform today, to a larger number of production deployments of our cloud-based and edge-hardware compute engine, by our customers."
Phillip Stanley-Marbell
Founder and CEO at Signaloid
Investor perspective
"We’re delighted to be working with Signaloid on its pioneering approach for a new generation of computation infrastructure. Their platform allows its customers to track uncertainties in data, and model probability distributions – all without any modifications to customers’ existing software, and in real-time. We’re excited to see how uncertainty quantification is becoming widely adopted in industry and finance, resulting in far better and more reliable end products."
Ed Stacey
managing partner, IQ Capital
Use of funds
- 01Scale operations
