Portfolio
3
companies
Encord
Encord builds AI native data infrastructure designed for physical artificial intelligence systems.
Oxford Nanopore Technologies
Oxford Nanopore Technologies develops DNA and RNA sequencing systems for scientific research and public health.
PPRO
PPRO provides local payments infrastructure and technology to support international transactions.
Wellington Management led the financing round, which brings total funding to £110m.
"Everyone is focused on building bigger models, but for physical AI, the bottleneck isn't model size. It's data readiness. You can have the most sophisticated model in the world, and it will still fail if the data feeding it is incomplete, inconsistent, or misaligned with real-world conditions. That's the problem we solve."
M&G Investments contributed £35m to the £195m private transaction alongside Temasek, Wellington Management, and Nikon.
"The technology developed by Oxford Nanopore is being used in a broad range of scientific research applications, including to further biomedical science, to characterise pathogens in microbiology and public health. This is an example of how institutional investors can play an important role in accelerating growth in companies that provide a wider benefit to society."
Eurazeo Growth, Sprints Capital, and Wellington Management backed the round, which pushes the company valuation past $1bn.
"I am very proud of what the PPRO team has accomplished,"