Literal Labs (Pre-seed)

Funding Details
Awarder
RSS - techfundingnews.com
Date Award
June 08, 2025
Vertical
Artificial Intelligence
Funding URL
View Funding Page
Funding Amount:
$5,700,000

Company Info
Founding Year
2023
Traction
The company doubled its headcount from 6 to 12 in 2024 and is preparing to launch its first commercial product in 2025.
Organizations Involved
Newcastle University, University of Agder, AstraZeneca
Founders
Alex Yakovlev, Rishad Shafik
Company Description
Literal Labs is a UK startup focused on delivering radically more efficient and inherently explainable AI, spun out of Newcastle University. The company aims to tackle the challenges of traditional neural networks, which are too power-hungry and opaque for practical use in edge devices or regulated industries.
Market
Edge AI, regulated markets, battery-sensitive sectors
Location
UK
Coinvestors
Northern Gritstone, Mercuri, Sure Valley Ventures, Cambridge Future Tech

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