Secretary of State for Science, Innovation and Technology
Peter serves as Secretary of State for Business and Trade and Member of Parliament, following roles including Secretary of State for Science, Innovation and Technology. He previously held leadership positions in the charity and education sectors.
The pre-seed round was backed by participants including Y Combinator and the UK government.
"The discovery of novel pharmaceuticals is one of our most important weapons in fighting disease. However, the drug development pipeline is often driven by trial-and-error and held up for many months during the identification of scalable manufacturing processes, delaying clinical trials. Our AI-powered models learn from historical data, cutting up to 95% of experimental work and accelerating these workflows by 30x."
The UK Government led the round with a £20m investment to support upcoming rocket launches and development programmes.
"Britain’s impressive toolkit of scientific talent, world class facilities, and unique geography means we stand ready to lead the charge and to work together with our international partners as a key part of the new space revolution in Europe."
— Peter Kyle, Secretary of State for Science, Innovation and Technology
The funding comes from the UK government Space Clusters and Infrastructure Fund to scale production at Harwell and Space Park Leicester.
"The UK is a pioneer in many areas of the global space ecosystem and it is initiatives like this from the UK Space Agency and the SCIF which enables its pioneering ecosystem to continue to grow. This funding will accelerate our mission to democratise access to critical space infrastructure by allowing faster integration of bigger payloads onboard our satellites."
