Octopus Ventures is a European venture capital firm that backs growing businesses.
The investment was led by Amadeus Capital Partners and Praetura Ventures to drive international expansion and product development.
"We process thousands of claims globally with our solution every day and millions of policyholders receive fast and accurate decisions as a result. This investment will enable us to grow further into international markets and continue to invest in our AI-led product to drive towards our vision to ‘Make every claim better‘."
Octopus Ventures led the pre-seed round to help launch Titan Takeoff.
"We see so many businesses investing heavily in AI, but most struggle to return value from their investments. Machine learning teams are facing a whole host of problems in model deployment – from GPU shortages, to concerns over privacy when deploying through third parties like OpenAI. We’re transforming what was once the most challenging part of the development cycle into the easiest and most efficient, and it’s here where our flagship product, Takeoff, comes into its own"
Dimension led the funding round, with participation from A.P. Moller Holding and several returning investors.
"The last two years have been hugely exciting at Automata as we’ve seen LINQ increase the scale of customer workflows as well as meaningfully increasing their ability to generate high quality data – accelerating their pace of discovery and experimentation."
The funding round was led by Octopus Ventures with backing from JamJar and Forward Partners.
"This latest injection of funding – from experienced investors with a proven track record of backing successful fertility and femtech businesses – will enable us to get our pioneering treatment in the hands of the people who need it most. We can’t wait for people to try it."
Octopus Ventures led the Series A round to support international expansion and team growth.
"They are building exactly the kind of game-changing business we look to support, and they are in a market with huge potential."
