INSIGHTS / News

SETsquared Bath member Neuro Ai have closed their first SEIS seed round. The team pulled together an impressive Angel and Investor consortium which not only means they have secured their target investment raise but that they also have some impressive experience on their advisory board.

University of Bath graduate and Neuro Ai CEO, Paul Hetherington announced the news shortly before collecting the keys to a new office at Spaces in Bath saying:

“This investment gives us the runway we need to develop our G1 processor core which allows high performance computing power to exist in every computer and server. We are thrilled with the high calibre of angel investors that we have on board and are confident that we can hit the ground running to meet our proposed business milestones.”

Bath SETsquared Innovation Centre Director, Rosie Bennett signed the Neuro Ai team up as members to the Centre earlier this year after Paul won a University of Bath 2018/19 alumni funded Innovation Award. She welcomed the news of the funding success saying:

“We are very impressed with the progress that Neuro Ai have made over the past few weeks – they are an incredibly focused and ambitious team with a very exciting proposition – we look forward to further supporting them on their startup journey.”