UK-based Machine Discovery, a Machine Learning (ML) software company, announced on Tuesday, September 26, that it has raised £4.5M (€5.17M) in a fresh round of funding.
The round was led by BGF and East Innovate. Other prominent investors include Foresight WAE Technology Funds, UK Innovation and Science Seed Fund (UKI2S) managed by Future Planet Capital (Ventures) Ltd, and Oxford Technology.
A spin-off of the department of Physics of the University of Oxford, the company plans to use the fresh capital to expand its engineering and business development teams across the UK and the US.
“We thank our partners for their continued support at a key stage of the company’s development, enabling us to expand the number of users utilising our Discovery Platform and drive forward the company’s future innovations,” says Bijan Kiani, CEO of Machine Discovery.