Boltzbit, a London, UK- based startup that has created a platform for businesses to generate AI neural networks without coding expertise, raised £1.6 million in seed funding.

The new funding round was led by Speedinvest, with participation from IQ Capital. 

Boltzbit will use the capital to open an office in Berlin and grow its engineering team. It will also scale up its generative AI platform for businesses.

Company:  Boltzbit

Raised: £1.6M

Round: Seed Round

Funding Month: March 2022

Lead Investors: Speedinvest 

Additional Investors: IQ Capital

Company Website: https://boltzbit.com/

Software Category: AI Software Solutions

About the Company: Boltzbit was co-founded by Zhang along with Dr. Jinli Hu (chief research scientist) and Dr. Hanchen Xiong (CTO), Boltzbit a pioneering tech company dedicated to accelerating and automating the development of AI software solutions. Boltzbit provides engineers and researchers with the most powerful, innovative, and scalable AI technologies. Boltzbit research into deep generative models to create neural networks that learn thousands of tasks simultaneously on self-generated data and generalize to new tasks well at the deployment phase. The startup has collaborated with researchers from the University of Cambridge to work on a new generative AI training algorithm for more complex neural network architectures. This algorithm can significantly boost the performance of generative AI on multiple unsupervised tasks simultaneously.

Source: https://businesscloud.co.uk/news/generative-ai-startup-boltzbit-raises-1-6m/