[Funding alert] London-based OctaiPipe Secures £3Million in Pre-Series A Round Funding

Thursday 25, 2024 | By Startup Rise EU

London-based OctaiPipe Secures £3Million in pre-series A round funding. SuperSeed led the pre-Series A funding round, with participation from Deeptech Labs, Forward Partners, D2, Atlas Ventures, Martlet Capital, and Gelecek Etki VC.

London-based OctaiPipe Secures £3Million in pre-series A round funding. SuperSeed led the pre-Series A funding round, with participation from Deeptech Labs, Forward Partners, D2, Atlas Ventures, Martlet Capital, and Gelecek Etki VC.

The business will use the money to expand the platform's availability for Internet of Things (IoT)-dependent vital industries like energy, utilities, telecoms, manufacturing, and connected device OEMs. It also plans to further develop its unique Federated Learning engine.

Read also - London-based OpenDialog Secures over €7 Million in Series A Round Funding

OctaiPipe, founded in 2022 and headed by CEO Eric Topham, offers a reliable end-to-end Federated Learning Operations (FL-Ops) platform to data scientists and AI engineers working in Critical Infrastructure.

With the OctaiPipe platform, customers can effortlessly coordinate and manage distributed machine learning across scalable networks of intelligent Internet of Things devices, as well as deploy and automate AI to the Edge. Currently in deployment with over 20 customers and device OEMs, the OctaiPipe platform is offered as a Microsoft Azure, AWS, or Private Cloud Platform-as-a-Service (PaaS).

Read also - Berlin-based Packmatic Secures €15 Million in Series A Round Funding

Octaipipe has announced the appointment of Arnaud Lagarde as Chief Revenue Officer in addition to the funding. The commercial development of Octaipipe will be headed by Mr. Lagarde.

Mr. Lagarde oversaw the global sales efforts and go-to-market initiatives across automotive, autonomous vehicle, and smart city solution providers at Humanising Autonomy prior to joining Octaipipe.

Read also - London-based Metris Energy Secures €2.3 Million in Pre-Seed Funding

About OctaiPipe

A Federated Learning Operations (FL-Ops) platform designed specifically for Edge AIoT devices is called OctaiPipe. They simplify every step of the process, from simple setup and training to smooth deployment, optimisation, and ongoing education.

Read also - London-based Musictech Startup Setmixer Secures $760,000 in Seed Funding

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