Portfolio
4
companies
Aibuild
Aibuild builds autonomous manufacturing software that automates complex industrial production.
PHINXT Robotics
PHINXT Robotics provides decentralised edge AI software for warehouse automation.
OctaiPipe
OctaiPipe builds an edge AI platform for critical infrastructure industries.
Ai Build
Ai Build provides cloud based software to automate additive manufacturing and reduce industrial waste.
The funding round was led by IQ Capital with participation from new industrial investors including 212 NexT and Driventure.
"This funding accelerates our transition into a new era where AI agents leave the screen and enter the factory floor."
The seed round was led by Sure Valley Ventures with participation from Ada Ventures, Heartfelt, and Atlas Ventures.
"At PHINXT, our mission is to revolutionise the logistics industry with our cloud-based platform that seamlessly integrates any type of robot, enabling them to collaborate and coordinate in a shared space without the need for a centralised server. Our robot-agnostic platform supports warehouses at every stage of their automation journey, providing unparalleled flexibility and efficiency. We aim to be the gateway for the logistics industry, facilitating the integration of these robots into operations and helping businesses achieve a rapid return on investment. By accommodating different types of robots, we ensure that warehouses can optimise various tasks, from picking to transportation, enhancing overall productivity."
The pre-Series A round and Innovate UK grant will fund federated learning development and platform scaling.
"Critical Infrastructure is a multi-trillion dollar industry. Across Energy, Utilities and Telecoms – on-device Federated Learning has the potential to improve performance, reduce failures, enhance security and lead to more efficient, more sustainable services. The OctaiPipe team has already demonstrated significant customer traction and we are delighted to support them as they scale to address this important market."
The London software firm has secured backing from IQ Capital and Nikon to expand its automated manufacturing platform globally.
"Despite its clear economic and environmental benefits, manufacturers have difficulty implementing additive manufacturing at an industrial scale. This is due to concerns about its reliability and ease of adoption. We believe that automation and smart use of data is the solution to this problem. By partnering with Nikon as a leading technology provider who has a grand vision for the future of manufacturing, and IQ Capital as a deep-tech investor with proven track record of supporting global businesses, we are well positioned to achieve our goal for automating the factories of the future."
The oversubscribed round was led by Fuel Ventures with participation from multiple VCs and angel networks.
"Robotics automation has become a must for businesses that want to stay competitive in the logistics and manufacturing industries, however, it is still something that only large companies are able to afford. We are changing that and, thanks to our tech, we plan to bring the advantages of robotics automation to many SMEs across Europe in the next couple of years."
