Agxio, an Aberystwyth, Wales, UK-based provider of an AI platform to solve complex, real-world problems that are beyond human scale, closed a £2.1m Pre-Series A round.
The Development Bank of Wales is an investor in Agxio.
The company intends to use the funds to scale operations, enter new AI, Agritech and life sciences markets, continue developing the platform, and expand internationally.
Founded in 2018 and led by CEO Dr Stephen Christie, Agxio has developed, deployed and validated a low-code platform that automates the role of the data scientist and machine learning engineer to design, build and deploy enterprise-scale AI solutions at speed across a range of use cases in the agricultural and associated life science industries.
The company’s suite of technologies has been validated commercially across industries and use cases including arable and livestock farms, closed environment agriculture, parasitology, NHS community care, and pathology.
It is based at the Aberystwyth Innovation and Enterprise Campus and Cambridge Science Park.