The funding round was led by DSW Ventures to help expand manufacturing and commercial teams.
"This new partnership will enable us to build with confidence upon the foundation provided by Aston University and Innovate UK to commericalise iDPC at scale and to accelerate the development of innovative medicines."
The cleantech start-up will use the capital to expand its team, develop new products and reach more customers.
"This funding round further strengthens our collaboration with bp, Goldacre and Aston University, who have shown equal ambitions in accelerating the growth of Grid Edge. Optimising energy demand to reach net zero is now an essential requirement for businesses. We are proud to provide many leading companies with predictive AI technology to reduce energy consumption and save money."