Edinburgh-based Neurolabs has raised €3 million in a seed funding round that will enable the company to continue to scale operations as well as expand its offering to include several consumer packaged goods use cases.
Since 2019, the startup has raised a total of $4.9 million.
This announcement arrives just a few weeks since Madrid’s synthetic data startup ANYVERSE raked in €3 million in a Series A round led by Bullnet Capital and Inveready, while Vienna’s MOSTLY AI saw Molten Ventures lead a $25 million Series B round announced in early January.
Neurolabs is in the process of compiling the largest 3D repository in retail, consisting of some 100,000 (and counting) digital twins of physical products (consumer packaged goods), that will enable synthetic computer vision technologies to be used at every stage of the lifecycle of the consumer packaged goods, from manufacturing and distribution to in-store/e-commerce, and recycling.
Neurolabs’ €3 million seed round was led by Sofia’s LAUNCHub Ventures and saw participation from Techstart, 7% Ventures, and Lunar Ventures.
Read more on Tech Gist Africa:
British crypto trading platform, Elwood raises $70 million
Berlin-based MagaLoop reels in €9 million
Amsterdam’s plant-based cheese startup Willicroft raises €2M