UK-based mobility software startup Immense Simulations raises $4.6 million

Immense Simulations, a mobility startup headquartered in Milton Keynes, has landed $4.6 million in a funding round led by Amadeus Capital Partners and Japan’s Global Brain Corporation, with participation from 31 Ventures, part of the Mitsui Fudosan Group. Founded in 2016 as a spin-out from the UK government’s Catapult programme, Immense has built a simulation […]

Belgium’s icometrix raises $18 million to boost development of its brain imaging AI solutions

Leuven, Belgium-based icometrix has secured $18 million in funding from Forestay Capital, Optum Ventures and prior backer Capricorn Venture Partners. The company claims its technology has the potential to transform care for patients with brain injuries and disorders, by extracting clinically meaningful information from brain MRI and CT scans of patients. Its ‘icobrain’ software platform […]

The UK-based savings chatbot Plum secures $4.5 million

London-founded startup Plum that’s developed what it calls “the world’s first AI-powered personal money management chatbot” has raised $4.5 million in a funding round led by venture firm VentureFriends and the EBRD. The company plans to use the fresh capital to hire more engineers in its offices in London and Athens, as well as work […]

London-based commercial insurtech startup Cytora raises £25 million

Cytora, a British startup that provides AI-powered products for the commercial insurance industry, has landed £25 million in a funding round led by EQT Ventures, with participation from Cambridge Innovation Capital, Parkwalk, and several angel investors. The startup spun out of the University of Cambridge in 2014 to focus on applying AI to commercial insurance. […]

German data anonymisation startup Statice raises “millions” in funding

Berlin-based startup Statice that offers software for automated data anonymisation has raised a “substantial seven-figure financing” round led by Capnamic Ventures, with participation from WestTech Ventures. Statice emerged from Berlin-based company builder WATTx in 2018 with a product that helps businesses “process and analyse sensitive personal data freely and in compliance with data protection regulations,” […]