Tech Company Financing Transactions
OctaiPipe Funding Round
On 1/23/2024, OctaiPipe landed $4.5 million in Series A investment from SuperSeed, Atlas Venture and D2 Fund.
Transaction Overview
Company Name
Announced On
1/23/2024
Transaction Type
Venture Equity
Amount
$4,460,000
Round
Series A
Investors
SuperSeed (Lead Investor) (Mads Jensen)
Proceeds Purpose
The money will allow OctaiPipe to develop further its proprietary Federated Learning technology and scale the availability of the OctaiPipe platform for Internet of Things (IoT) dependent critical industries, including Energy, Utilities, Telecoms, Manufacturing and connected device OEMs.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
113 Shoreditch High St
London, E1 6JN
UK
London, E1 6JN
UK
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Federated Learning Operations (FL-Ops) enables the deployment of AI to the edge and the management of distributed learning across a network of intelligent devices. Rather than move data from Edge devices to the cloud to train AI algorithms -- with all the data storage costs and security concerns that entails -- Federated Learning (FL) instead trains algorithms on-device at the Edge with data shared between devices in a decentralised network for continuous, distributed learning.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Eric Topham
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