Signaloid will use funding to scale operational capacity and take on larger customers and applications in its focus markets of finance and engineering applications

London, 25th May 2023: Signaloid, the computing platform allowing companies to understand real-time uncertainty for autonomous decisions, has raised a seed round of £3 million led by IQ Capital, with additional investment from Type One and Creator Fund. Signaloid offers a computing platform that lets companies run their existing unmodified software yet obtain results that today require both costly software changes and time-consuming Monte Carlo analysis. 

Founded by Phillip Stanley-Marbell, Signaloid’s technology is used in applications including materials modelling, autonomous systems, computational finance, machine learning, and quantum computing. Signaloid’s computing platform allows systems to automatically track variations in real-world data which today get hidden by averaging when being fed to computers. Best of all, systems built on Signaloid’s compute engine get this benefit simply by running their existing unmodified software, saving development time and achieving orders of magnitude faster computation in the process. These benefits make it easy for companies to quantify how their software’s outputs are affected by changes in their inputs and assumptions, allowing them to reduce risk, satisfy regulations, save money, and save lives.

Signaloid will use the funding to scale its engineering implementations, allowing it to take on larger customers with both more demanding workloads and with a greater number of applications running on Signaloid’s Compute Engine platform. Ultimately, this will increase Signaloid’s revenue streams throughout its customer base.

The Signaloid Compute Engine is available to companies to integrate into their cloud-based or on-premises computing infrastructure. Signaloid also provides a Developer Platform, allowing individuals to try out its technology and build their own applications, with several hundred developers already signed up.  

Phillip Stanley-Marbell, Founder and CEO of Signaloid: “We are excited about the opportunity which the investment will provide for Signaloid to accelerate the adoption of our platform. The investment will allow us to further strengthen the team in strategic areas and to scale the number of use cases of our platform, from the hundreds of signed-up users we have on our developer platform today, to a larger number of production deployments of our cloud-based and edge-hardware compute engine, by our customers.”

Ed Stacey, Managing Partner and Co-Founder of IQ Capital: “We’re delighted to be working with Signaloid on its pioneering approach for a new generation of computation infrastructure. Their platform allows its customers to track uncertainties in data, and model probability distributions – all without any modifications to customers’ existing software, and in real-time. We’re excited to see how uncertainty quantification is becoming widely adopted in industry and finance, resulting in far better and more reliable end products.”

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About Signaloid

Signaloid provides a new kind of computing platform that can run unmodified traditional software, while continually analysing how uncertainties in input data affect every single computation result. Signaloid’s solutions are used in applications including materials modelling, autonomous systems, computational finance, machine learning, and noisy intermediate-scale quantum computing. Their uncertainty-tracking computing platform is the missing foundational technology to enable society to adopt the widespread use of data-driven computing systems which are faster, cheaper, and safer. Signaloid’s Cloud Developer Platform is open to the public and accessible here.

About IQ Capital

IQ Capital is a Cambridge-based venture capital firm that invests in UK ‘deep-tech’ across sectors including machine learning, AI, engineering and materials, and data-focused propositions based on disruptive algorithms. All of the firm’s portfolio companies are capable of dominating their respective markets on a global scale. The team typically invest at seed and series A stage, with significant capital reserved to scale companies through their growth stages. Initial investments range from £300k to £5m, with capacity for follow on investment up to £10m. 

The IQ Capital team has achieved over 20 exits to date, to companies including Oracle, Google, Apple, Huawei and Facebook and several IPOs. IQ Capital has led 28 investments over the last three years. In 2018, IQ Capital has invested in Apperio, Audio Analytics, Paragraf, and Myrtle – joining other portfolio including Speechmatics, Privitar, Thought Machine, Audio Analytic, Oxford Space Systems, Fluidic Analytics, Divido, Senseye and Spectral Edge. The team are currently investing from their third £125 million fund (IQCF III). 

IQ Capital won Seed Fund of the Year at the GP Bullhound Investor Allstars 2018. 

For more information, please visit www.iqcapital.vc

About Type One

Type One is a venture capital firm investing in exponential technologies progressing humanity towards a Type One Civilization and beyond. Their primary areas of investment are Space & Deep Tech. Type One has offices in Los Angeles and London, with 20+ companies in their portfolios and $100m+ AUM.

About Creator Fund

Creator Fund invests in deep technology startups being built at Europe’s leading universities. It has a team embedded across 28 campuses in the UK, Germany, Spain, and Switzerland. This network allows the fund to find innovation inside the laboratory at the earliest stages, and back founders from day one. It also provides a unique talent platform for their founders to access top technical talent. Creator Fund backs scientific founders who are leaders in their field and building companies on the frontier of what’s possible.

Founded in 2019, Creator Fund has a portfolio of 24 companies and invests out of a $25mm fund. CF companies are developing cutting edge science that includes electronic skin for robots, mutation proof vaccines, synthetic data, robotic chemistry labs and autonomous drones. CF has been backed by 120+ LPs, including many of the leading VCs in Europe.