- UK tech funding deals this week include Oriole, WASE, and Metaview
- £32.15m worth of funding deals tracked by UKTN, with AI and clean economy startups prominent
- Oriole, a UCL spinout founded in 2023, offers efficient language model training
- WASE, established in 2017, converts waste materials into sustainable fuel
- Metaview, founded in 2018, provides AI support for the hiring process
AI and Clean Energy Startups Lead the Way in UK Tech Funding
In this week’s UK tech funding roundup, companies like Oriole, WASE, Metaview, and more have secured significant investments in the ever-evolving tech landscape. Let’s delve into the details of these innovative startups and the funding they’ve received.
Oriole: Revolutionizing LLM Training with Advanced Technology
One of the standout companies in this week’s funding deals is Oriole, a London-based AI startup focused on Language Model training. With a total of £32.15m worth of funding tracked, Oriole stands out as a promising player in the AI sector. Founded in 2023, Oriole has developed a cutting-edge method for training large language models using its “super-brain” GPUs. The startup has garnered investments from notable names like UCL Technology Fund, Clean Growth Fund, XTX Ventures, Dorilton Ventures, and Innovate UK Investor Partnership.
WASE: Pioneering Sustainable Energy Solutions from Waste
Another noteworthy startup making waves in the tech funding scene is WASE, an energy tech company based in Bristol. Specializing in generating sustainable fuel from waste materials, WASE has received early VC and grant funding. The company’s electro-methanogenic reactor technology extracts biogas from plant matter and organic wastewater, showcasing a commitment to environmental sustainability. Investors such as Extantia Capital, Hitachi Ventures, WEPA Ventures, Engie New Ventures, Elbow Beach Capital, and Empirical Ventures have shown confidence in WASE’s innovative approach.
Related Video
Metaview: Transforming Recruitment with AI Assistance
Metaview, a London-based AI recruitment tool, has also made a significant impact in the funding landscape. Founded in 2018, Metaview offers an AI assistant designed to streamline the hiring process for companies. By recording and analyzing hiring data from applications and interviews, Metaview aims to simplify administrative tasks and provide valuable insights based on the accumulated information. With support from investors like Plural, Coelius Capital, Vertex Ventures US, Seedcamp, and Village Global, Metaview is poised for further growth and innovation in the recruitment sector.
Belong: Redefining Fintech for Young Professionals
Belong, a fintech startup based in London, is reshaping the landscape of wealth-building and investment opportunities for young professionals. Established in 2021, Belong’s wealth-building app offers ISAs, investment accounts, and optional loans to help individuals scale up their investment goals. With investments from Viola Fintech, Connect Ventures, Portage Ventures, and January Ventures, Belong is on a mission to democratize access to financial growth and stability for a new generation of investors.
The UK tech funding scene is vibrant and diverse, with startups across various sectors securing crucial investments to drive innovation and growth. From AI and clean energy to fintech and agtech, these companies are at the forefront of technological advancement, shaping the future of the industry. Keep an eye on these startups as they continue to make waves in the dynamic world of tech funding.
Links to additional Resources: 1. https://www.techcrunch.com/ 2. https://www.wired.com/ 3. https://www.theverge.com/