The funding round was backed by ACF Investors and angel participants to accelerate North American expansion.
"We built our drone software with simplicity at its core, to help industry stakeholders gather actionable data for any type of building structure. We’re working with exceptional clients and partners, and look forward to using the funding to expand internationally and improve our product offering to remain at the cutting edge of inspection technology in the built environment."
The Cambridge-based engineering firm secured backing from ACF Investors, Cambridge Angels, and Tony Purnell to ramp up manufacturing of its M2 model.
"As cycling enthusiasts, we wanted to help people find better ways to move around cities. Unlike traditional e-bikes that retrofit motors and batteries onto non-electric designs, we build from the ground up, integrating folding and electric capabilities from the start. By applying aerospace-grade bonding techniques, we’ve eliminated the distortions caused by welding, resulting in a lighter, stronger, and more compact design. Our mission has always been to make cycling easier and more accessible for urban commuters, and this funding allows us to take that mission to the next level with the FLIT M2."
The funding was led by ACF Investors to support operational expansion and product development.
"At OneID, our goal is to make the world safer by making digital identity verification more efficient and accessible for businesses and users. We’ve had a tremendous year in 2024 across several use cases. With our integration with Adobe set to go live with leading high-street banks in the UK, we are proving our ability to solve urgent business problems against the toughest standard-setters. The funding from ACF Investors is a strong vote of confidence in us as a business, and we look forward to working with the team to supercharge our growth in 2025."
Northern Gritstone led the seed extension round, which included participation from ACF Investors, Empirical Ventures, Deeptech Labs, and Hamamatsu Ventures.
"The progress made by the Silveray team since our initial investment in 2023 has been phenomenal. Dan Cathie and his team have the enviable combination of innovation and entrepreneurialism having developed a novel digital x-ray solution with numerous applications which are already disrupting the analogue x-ray market. We are delighted to continue our support of Silveray as it builds its commercial traction, helping the team on its path to success."
ACF Investors backed the UK aircraft seating manufacturer to support team expansion and production research.
"Chris is a proven leader in the airline interiors industry, and his track record in founding and scaling aircraft seating businesses is second to none. We’re excited to back a true industry innovator, one that prioritises sustainability and customer comfort and is delivering such an exceptional product."
