Mindtech Global Raises £2.3M in Funding

Mindtech Global, a Sheffield, UK-based training platform for robots, raised £2.3m in funding.

The round was led by NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), with Deeptech Labs and In-Q-Tel participating.

The company intends to use the funds to build its team in Yorkshire and expand sales of its product worldwide.

The funding will enable Mindtech to further enhance the technology, build its team in Yorkshire and accelerate uptake of the platform worldwide.

Founded by Steve Harris, CEO, Mindtech Global provides a a platform that trains robots to recognise images. The company’s Chameleon platform specifically helps computers understand and predict human interactions in applications ranging across retail, the built environment, smart home, transportation systems, healthcare and robotics and enable developers to generate a sequence of synthetic images and create scenarios that show the algorithm what to look out for.

The company, which currently employs 20 staff, has recently opened an engineering base in Sheffield.

FinSMEs

23/07/2021