Artificial intelligence startup PROWLER.io has raised £10m in Series A funding from Cambridge Innovation Capital and Atlantic Bridge Capital.
The Cambridge startup has created a principled AI decision-making platform that makes it possible to perceive and affect the ways the likes of vehicles, drones, robots, characters in games and even people interact in complex environments.
Its core technology is founded on a combination of probabilistic modeling, machine learning and game theory, which means its decisions are based on interpretable principles.
Passion Capital, Amadeus Capital Partners and SGInnovate participated in the round alongside Atlantic Bridge Capital and lead investor Cambridge Innovation Capital.
“This investment will allow us to expand our already world-leading team of academics with even greater research muscle and will enable us to take further steps to bring our technology to market,” said PROWLER.io CEO Vishal Chatrath.
“As a team, we are ready and eager to take the business to the next stage and continue solving some of the hardest machine learning problems to deliver the world’s first principled AI decision making platform,” he added.
This latest investment brings the total raised by the firm to £11.5m, according to Crunchbase.
Earlier this summer, we spoke with Chatrath about the challenges and highlights of setting up a tech business in the UK, watch the video interview here.