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