A green robotics company slashing the cost of maintaining wind turbines is flying high after securing £1.6million in its latest funding round.  Perceptual Robotics uses autonomous drones to map turbines, before passing the images onto a cloud-based artificial intelligence system which processes them to detect damage.

contextflow, a leading provider of artificial intelligence for medical image analysis, has announced a EUR 6.7 Million Series A funding round. A second closing included an additional EUR 2 Million from new co-investor Peak Pride Management GmbH, HPH (Hans Peter Haselsteiner) Start-up Unit and current investor APEX Ventures with its “APEX Best in Class” fund. A first closing was led by B&C Innovation Investments GmbH (BCII) and included participation from new co-investor TTIP Beteiligungs GmbH and current investors APEX Ventures, Crista Galli Ventures, IST cube, Nina Capital and Novacapital.

Abtrace, a healthtech start-up which uses machine learning to transform how chronic and long-term health conditions are detected, monitored and treated, has raised £2.1m of seed funding in a round led by Faber and joined by Ganexa Capital.

QVentures has announced their latest fund investment into Semeris, a legal AI startup that builds contract analysis products for the financial sector.

A company with a unique software pricing tool has secured a further £250,000 funding from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), as it seeks to establish itself as a global leader in its field.

Legal technology start-up Robin AI has raised $2.5m seed funding from Episode 1 and a number of leading angel investors including Paul Massara, Al Giles  and Oliver Burgel. They are also one of just 30 companies to be selected to receive a portion of the $2m Google Black Founders Fund, a programme set up to support the chosen companies as they work to change the face of start-up culture that currently sees just 0.5% of start-ups with Black founders receive institutional investment.

A start-up with a platform that trains robots to recognise images has completed a £2.3m funding round to help it build its team in Yorkshire and expand sales of its product worldwide.

The AI Accelerator is back! Applications are open until 8th of August so there’s still time to apply. Based at the University of Edinburgh’s world-leading innovation hub - the Bayes Centre - the Accelerator gives data driven scaleups the opportunity to harness the power of AI and bring about transformative change. To reach a wider UK scaleup community, we are delivering the Accelerator in partnership with London-based community Scale Space and welcoming Nile’s strategic design support.

Keensight Capital, one of the leading private equity managers dedicated to pan-European Growth Buyout1 investments, has entered into an agreement to sell, alongside the founder, its stake in ASTI, a leading global autonomous mobile robotics (AMR) manufacturer, to ABB.

Situated in the London borough of Westminster, technology company Dragonfly AI has secured a £250,000 loan to expand its operations whilst creating employment opportunities for the region.

Kuano.ai, a software platform for rapid, cost effective quantum modelling of enzymes, has raised £1 million in seed funding from ACF Investors, o2h Ventures and a syndicate of Cambridge-based angel investors. The funding will accelerate the company’s growth as it moves further towards commercialisation.

Digital training platform Virti has raised $10m in a Series A to further its goal of improving human performance using world-class interactive technology. The round was led by deeptech investors IQ Capital and joined by Cedars-Sinai Medical Center and a new, UK-based learning technology VC fund.

Launched in 2018 by Dr Alexander Young - an NHS trauma and orthopaedic surgeon - Virti helps organisations optimise learning, training and performance using interactive simulations and AI-powered data analysis. The technology turns traditionally subjectively-assessed skills (such as communication, teamwork and decision-making under pressure) into objective and measurable data to improve performance.