Lomax serves as a general partner at Outsized Ventures and co-founded Luminous Ventures. He holds board and non-executive oversight roles across several companies alongside his fellowship.
The seed round was backed by Trucks Venture Capital, Luminous Ventures and Jaguar Land Rover.
"AI has huge implications for the way businesses operate, yet so much of the modelling is done in carefully controlled test environments. When deployed in real world situations, anomalies always occur, which disrupts lab-grown models and undermines companies’ efforts to revolutionise how they use autonomous systems effectively. By scaling edge AI, optimising the endpoints collecting the data, and making models more resilient, we are radically accelerating learning and, in doing so, giving our customers a competitive advantage in a crowded marketplace."
The seed round was led by Founders Fund with participation from several investors and a public grant.
"We are thrilled to back this innovative group out of the UK, there have been many attempts at small satellite propulsion innovation over the past decade, but they have been marginal improvements on pre-existing technology, Magdrive is the first step-change improvement offering the best of chemical and electric propulsion in a single system."
The seed round was led by Speedinvest to support the development of disinformation detection technology.
"While I was building my previous start-up I saw at first-hand how biased, polarising news articles were shared and artificially amplified by vast numbers of fake accounts. This gave the stories high levels of exposure and authenticity they wouldn’t have had on their own."
