Literal Labs (Pre-Seed)
Funding Details
- Awarder
- RSS - tech.eu
- Date Award
- June 02, 2025
- Vertical
- Artificial Intelligence
- Funding URL
- View Funding Page
- Funding Amount:
- $4,600,000
Company Info
- Traction
- Literal Labs can achieve 54x faster inferencing than classic techniques for machine learning applications, with 52x less energy consumption than equivalent neural networks.
- Founders
- Dr Alex Yakovlev, Dr Rishad Shafik
- Company Description
- Developers of logic-based AI model training tools whose algorithms utilise propositional logic, Tsetlin Machine, and data binsarisation.
- Market
- AI models for EdgeAI applications
- Location
- Newcastle, United Kingdom
- Coinvestors
- Northern Gritstone, Mercuri, Sure Valley Ventures, Cambridge Future Tech SPV, several angel investors