OctaiPipe, a London, UK-based end-to-end Edge AI platform, has secured £3 million in pre-Series A funding and a £500,000 non-equity grant.
SaaS Investors
The pre-Series A round was led by SuperSeed, with participation from Forward Partners, D2, Atlas Ventures, Martlet Capital, Gelecek Etki VC, and Arm-backed Deeptech Labs.
Founded in 2018, SuperSeed is a venture capital firm based in London, England. The firm seeks to make investments in business-to-business (B2B) technology, with a focus on software as a service (SaaS), artificial intelligence, and industry 4.0.
OctaiPipe Use of Funds
The funding will support the development of its Federated Learning technology and the scaling of the OctaiPipe platform for IoT-dependent critical industries.
About OctaiPipe
OctaiPipe is an end-to-end Edge AI platform optimized for creating, deploying, and managing machine learning solutions in critical infrastructure environments. OctaiPipe leverages Federated Learning technology to provide an intelligent platform for managing the claims process within critical industries, including Energy, Utilities, Telecoms, Manufacturing, and connected device OEMs. With its cost-efficient, accelerated and federated AI, OctaiPipe is removing the common barriers to the market while maximizing security and privacy, and minimizing Cloud dependency and Cloud costs. OctaiPipe is headquartered in London, UK.
Funding Details
Company: T-DAB.AI Ltd
Raised: £3.5M
Round: Pre-Series A and Grant
Funding Month: January 2024
Lead Investors: SuperSeed
Additional Investors: Forward Partners, D2, Atlas Ventures, Martlet Capital, Gelecek Etki VC, and Arm-backed Deeptech Labs
Company Website: https://octaipipe.ai/
Software Category: Federated Learning Operations (FL-Ops) platform
Source: https://www.businesswire.com/news/home/20240125252636/en/