Cambridge Future Tech funding news – Cambridge-based Cambridge Future Tech Secures $5Million in Funding

Headquartered in Cambridge, CFT is managed by COO Xavier Parkhouse-Parker and CEO Owen Thompson. They collaborate closely to commercialise scientific discoveries and technology advancements with top UK institutions, scientists, and innovators. Giants of the industry including AngloAmerican plc and a collaboration with CERN, the home of the Large Hadron Collider, have been involved in recent work.

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The business has promised to work with its corporate partners to develop eight more projects annually. Giants of the industry including AngloAmerican plc and a collaboration with CERN, the home of the Large Hadron Collider, have been involved in recent work.

Since its founding in 2022, CFT has raised over $10 million in outside capital and co-founded 10 DeepTech enterprises throughout the UK, with several more in the process of being built. These ventures have employed over 80 highly talented workers.

These initiatives have received grants totaling more than $4.5 million, which is helping to fund important R&D projects. In the last year, CFT has successfully led six projects through their pre-seed stages, with an aggregate valuation exceeding $50 million at that stage.

Literal Labs, Mimicrete, Autopickr, NeuroXR, CamAI, Mission Decisions, SAIF, and GitLife Biotech are among the startups that receive support from CFT.

CEO and founder Thompson commented: “This investment is testament to the huge and growing significance of DeepTech startups for the national industrial strategy, supporting the UK's ambition to bridge the critical gap between scientific discovery and market-ready innovation as a science and technology superpower. Cambridge Future Tech is poised to continue expansion with our corporate and academic partners, with the long-term stability needed to begin the creation of a sister VC arm, further strengthening our venture building capabilities.”

About Cambridge Future Tech

Cambridge Future Tech (CFT) is a venture capital firm that prioritises technology and collaborates closely with elite universities to create good global effect.

CFT focuses on digital (AI, data) and physical sciences (semiconductors, materials, quantum, robotics, etc.) and aims to commercialise scientific discoveries as well as technological and engineering advancements.