AI software start-up听Mindtrace听has raised 拢2.1 million investment.听
The Manchester-based firm鈥檚 鈥榖rain-inspired鈥� technology claims to improve the听accuracy of artificial intelligence models and reduce time to deployment.听
The funding round was听led by Skylake听Capital, with participation from Bloc Ventures and existing investor Mercia Asset Management.听
This funding will support听Mindtrace’s听mission to accelerate its product roadmap and bolster go-to–market capabilities, including strategic partnerships. Marcos Battisti of Skylake Capital and听Michael听Dimelow听of Bloc Ventures have joined the听company’s board of directors.听
It says enterprises听using its Brain-Sense product can听drastically improve their operation efficiencies听and generate new revenue opportunities through product and service differentiation.听
鈥�Mindtrace听is a true innovator in a听rapidly emerging new market dynamic,鈥� said听Marcos Battisti, General Partner at Skylake Capital.听
鈥�The company has developed a platform offering a unique听combination of capabilities which include few-shot learning and federated learning. These听capabilities are crucial to the democratisation of artificial intelligence.听听
鈥�The solution is also a听key technology to enable new AI capabilities at the edge.鈥�听
Mike听Dimelow, CCO at Bloc Ventures, commented: 鈥淰enture capital and the technology titans听have poured billions into AI over the past decade or so, driven by innovators that are seeking out听ways to help humans make better decisions or automate repetitive tasks.听听
鈥�We are now entering an听era of AI where teaching computers to learn and cognitively process like a human is the next听logical step on the world鈥檚 technology roadmap.听听
鈥�Mindtrace听has been working on this challenge听for over five years, so we鈥檙e thrilled to partner with the team and to see whether they can make听unsupervised learning a reality.鈥�听
AI