TOffeeAM, a London, UK-based software company using artificial intelligence to design sustainable machines, raised £5M in Series A funding.
The round was led by Presidio Ventures Europe and East Innovate, with participation from IQ Capital, Exor Seed Type One Ventures, and Excellis.
The company intends to use the funds to expand the business globally and build on its strong customer base, which already includes Boeing and several Formula 1 teams.
Founded in 2019 by Marco Pietropaoli, Audrey Gaymann and Francesco Montomoli, TOffeeAM uses artificial intelligence to design green machines. The IP is based on research from Imperial College. The company was also part of EF program and part of 3rd cohort of Xelerated/Boeing accelerator.
It is an Imperial College London spinout.
FinSMEs
09/11/2022