London-based AI start-up secures £35m from Abu Dhabi royal
Applied AI Company, an AI start-up for regulated industries, has secured $42m (£35m) from Abu Dhabi-based firm G42 – a firm overseen by Abu Dhabi royal, Sheikh Tahnoon Bin Zayed, alongside A.R.M Holding, Plug, Play Investment Group and family offices.
London-based AAICO helps automate processes and reduce human error in the insurance, pharmaceutical, healthcare, safety, and government sectors. One of their products organises medical records using AI to simplify claims management.
Ascentys raises £25m to diagnose Alzheimer’s early
A Bradford-based healthcare start-up has raised £25m for its gaming and AI technology which looks to diagnose Alzheimer’s earlier. Innovate UK led the round.
Ascentys is piloting a videogame which could enhance the NHS’s assessment programme for the disease and deliver an effective level of treatment.
Nanotech the first to benefit from HSBC fund
An Oxford-based nanotech has raised £15m from HSBC’s Growth Lending fund – the first company to benefit from it.
P2i develops an environmentally friendly protective electronic coating material to prevent liquids getting inside devices such as mobile phones. The aim is to give electronics a longer lifespan and boost the circular economy.
>See also: HSBC launch Growth Lending fund
SearchLand finds £2.3m
A start-up helping housing developers find available land to build on has raised £2.3m in funding. Fuel Ventures led the seed funding round.
SearchLand provides professionals such as developers and architects property planning and land information to better source development land for building.
EcoSync raises £1m to put an end to wasteful heating
EcoSync, a start-up aiming to end wasteful heating, has raised close to £1m in its second seed funding round. Existing investors RO Capital Partners, the Oxford Innovation EIS Growth Fund and angel investors joined the round. Some funding was also raised via Crowdcube.
EcoSync’s energy solution helps businesses and commercial building operators reduce their heating bills and carbon footprint by providing building managers control over the heating of individual rooms, so heating isn’t wasted in unoccupied rooms.
Agtech reaps £500,000 for supporting farmers worldwide
Alvatech, a company which provides farmers with environmentally friendly and effective water treatment technology, has raised £500,000 in crowdfunding.
The London-based company has developed solar-powered technology that disrupts water molecules in an ecological, chemical-free way, to deliver higher crop yields with significantly less water and fertiliser consumption.
Remote working software raises £400,000
Flabba, a remote working software start-up, has raised £400,000 in funding. Mercia led the round with participation from angel investors.
The Leeds-based start-up’s software integrates with videoconferencing software such as Zoom and Microsoft Teams to allow colleagues to collaborate by recording meetings, managing and sharing documents and creating reports.
More Deals of the Week
Deals of the Week Nov 21 to Nov 25 – a Growth Business round-up
Deals of the Week Nov 14 to Nov 18 – a Growth Business round-up
