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Today: September 18, 2024
January 25, 2024
1 min read

OctaiPipe Secures £35M Investment Boost

TLDR: OctaiPipe, a London-based end-to-end Edge AI platform, has raised £3 million in pre-Series A funding and received a £500,000 grant from Innovate UK. The funding round was led by SuperSeed, with participation from Forward Partners, D2, Atlas Ventures, Martlet Capital, Gelecek Etki VC, and Deeptech Labs. The company will use the funds to further develop its proprietary Federated Learning technology and expand the availability of its platform for industries such as Energy, Utilities, Telecoms, Manufacturing, and connected device OEMs.

OctaiPipe, led by CEO Eric Topham, provides a Federated Learning Operations (FL-Ops) platform for data scientists and AI engineers in Critical Infrastructure. The platform allows users to easily deploy and automate AI at the Edge, and manage distributed machine learning across scalable networks of IoT devices. The OctaiPipe platform is currently in deployment with over 20 customers and device OEMs, and is available on Microsoft Azure, AWS, or Private Cloud Platform-as-a-Service (PaaS).

In addition to the funding, OctaiPipe has announced the appointment of Arnaud Lagarde as Chief Revenue Officer. Lagarde, previously the Vice President of Sales at Humanising Autonomy, will lead the company’s commercial development.

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