Accelerated Digital Ventures is a venture capital platform backed by the British Business Bank.
True Ventures led the seed financing round with participation from Accelerated Digital Ventures and notable angel investors.
"We believe farmers are often the best and most relevant source of information and experience for other farmers,"
The investment will be used to expand the team and build a prototype collision avoidance system for autonomous vehicles.
"MindTrace represents a landmark opportunity to define the artificial intelligence industry through the development of unsupervised learning. Truly unsupervised machine learning has never been achieved and its potential to change society, business and the world is infinite. This combined with a team of global sector leaders based in Manchester – the original home of computers – is an extraordinary recipe. We’re really excited to support the company’s growth going forward"
The funding round was backed by Oxford Capital, Accelerated Digital Ventures, and Draper Esprit.
